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Hear is a tip. This is a Pump and Dump, Get out now and minimize your losses. Ive been watching this when it hit its high. They have no production, no revenue The stock will keep falling. Im glad I never got in it. Just get out quick
I can't accumulate at the moment, though at these prices I wish I could. With drilling to happen soon this thing won't stay this low. Im happy I built a good position though for myself. If oil rebounds strongly the 2nd half and drilling is successful in Texas, it should reflect in the PPS. I just hope the drill rig isn't going south!!!! LOL
quiet day
Im hoping for news next week or week after. I just hope the ball gets rolling so that by the end of the year we have 2 or 3 wells producing. Oil is expected to rebound strong second half but it won't benefit us unless there is production underway. As Screaming Eagle posted earlier, the only good news is Drilling has begun or producing in commercial quantities. WE NEED GOOD NEWS SOON!!! LOL
Hopefully we don't have a 3 month delay for every single well
LOL
Hopefully the real action comes soon. It has been almost 3 months since the permit was approved ( March 26 ) Maybe they are still having trouble finding NORTH??? LOL
welcome aboard
great find grprlegend. If the oil wells are successful, we have alot of factors in favor of this little company
I agree with that. I think once drilling begins we should see much more volume as well. In the long run it is production in commercial quantities that matters though
If wilmont does the right thing, i will be shocked. The land is too good to sit idle so hopefully something happens
Looks alright so far, but the real run will be when drill bit hits the earth. Id like to see a PR this week, may not happen but hopefully soon
If Greece exits the eurozone, and there is more turmoil in the economy, There will be QE3, plain and simple. I know many people who do not realize that qe1 and qe2 had ALOT to do with oil increasing. Yes supply and demand play a role, but so does the weakness in the dollar. The main reason for the drop in oil is that the dollar has strengthened against the eurozone but this pattern will reverse once Greece exits, which it will. Our friend Bernanke will step in.
Grid Petroleum is back on the Breakout Boards
.05 to .10 seems realistic to me. AND just think if the first well is successful, .05 to .10 will be our base. This will slowly build as more wells are successful. Also if the economy seems to be getting worse, our friend Bernanke will pump money into the economy, which will boost oil more. Israel may attack before the re election because they feel Obama may not back them up if he gets re elected. An attack will drive oil prices higher as well. Natural Gas should be coming back up as oil gets too expensive. A lot of actors that could contribute here
Wilmont must leave NOW LOL
Hopefully drilling takes place soon so we can build a higher base in the PPS. All hat matters now is drilling to start and Production numbers to be adequate
Thanks fro the correction, I was only looking at reserve estimates and not production numbers. However, I think the speculator could drive the prices higher. We don't get any of our oil from Iran anyway
I think the land has potential but Wilmont makes the company seem like a scam. He should do the right thing and sell the land, because he obviously will NEVER get things done
If they have the cash, why have the shares been diluted from 150 million last year to now over 300 million
If the embargo goes into affect, that is 20 percent of the entire oil in the world. Iran supplies alot of oil and without it oil goes through the roof If The drill bit has started the work by then, this will be a sweet payday. Plus the embargo should keep oil high enough the rest of this year into next year. Hopefully theses oil wells have the production numbers we need to see a nice PPS
alot of dilution
If there is a pr that things are moving along, like actual drilling, then we go up, with no news, we might go down. The only good news will be if they hit oil and can produce in commercial quantities. Te others PRs were just noise. Hopefully the real news is soon!
I doubt Iran will halt its nuclear program, so if we can get some positive results in drilling as well as a strong oil rebound, we are GOLDEN!!!!
might be longer than that though
I just hope the well is a successful well with adequate PRODUCTION results.But yeah, just announcing drilling will launch this thing
The only news I want to here is DRILLING HAS BEGUN or FIRST WELL PRODUCING
I agree. Though I am sticking with the stock, that one delay has killed confidence in both traders and some of the longs. I just hope we don't have a 3 month delay between every drill. LOL . Oil should be rebounding second half, at least through the reports that i have read online, so If Production actually happens, this thing will look good. Hopefully this delay is worth it
another down day
holding and waiting................ The damn suspense LOL
I hope you did not bet too much there LOL
Thanks for the correction.... Trying to do five things at once right now
They told me Rig availability is a hurry up and wait in the oil Industry and couldn't give specific dates. I was just told the rig contracted for the Garcia 3 well was finishing up a prior obligation
I tried contacting some of the involved parties about the drill rig availability for the Garcia 1 well and never got a clear answer.
Not green yet
I was thinking July 13-17
Want to guess when spudding will begin?
Another quiet week?
Marc Faber is predicting a QE3 and I do see this happening. I still keep an eye on oil because it could crash like it did after it spiked to 140 in 2008. Higher oil also means a better pps once GRPR can start producing
I expect oil will rebound in JULY IMO but it is true oil must remain profitable, or there will be no drilling period, which means no production and no revenue. Part of the reason for the oil drop is the slowdown in the economy and EURO crisis
Oil has to stay at least 70 or above so yes that is definitely disturbing.