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hidden gem here
Wednesday, 25 Jan 2012 08:30am EST
US Natural Gas Corp announced that its Board of Directors has approved an extension to the previously announced share repurchase plan and has simultaneously approved a new $400,000 repurchase plan. The Board has approved an extension through the end of the fiscal second quarter to complete the previously announced share repurchase plan. Under terms of the new plan, the Company is authorized to repurchase up to $400,000 of its common stock over the next 24 months. The aggregate of the repurchase plans will grant the Company an opportunity to repurchase up to $650,000 of its common stock.
THIS STILL MAY HAPPEN!!!!
HOLDING LONG AND STRONG!!!.
slap the ask!!!
load up!!!
HE IS NOT SELLING TIL 0.01. SO LETS MAKE THIS MONEY PEOPLE
I KNOW SOMEONE THAT HAS 300M SHARES OF UNGS. THIS THING IS THIN
0.0015
no volume?
5 to 10 cents and am a happy camper
I got my tickets and an ready for the ride. 3m shares wootwoot
MOST OF THE QUESTIONS YOU ASK ARE SO RANDOM.
THE PRICE COULD DROP TO $12
This stock is undervalued
NGS “Previous” Oil Production #’s Confirmed…
From doing some due diligence (DD) from using the Google search features, I was able to derive some of the same data that was posted here by MASTERTRADER a little while back. Before elaborating on such which led to the revelation of some serious oil production, I think there are a few things that first must be understood to help those who are not quite as familiar with UNGS as some of us who have been here for a while.
E 3 Petroleum Corp is a wholly owned subsidiary of US Natural Gas Corp. (UNGS):
http://www.usnatgascorp.com/subsidiaries.html
Go to Google and put “E 3 Petroleum Corp oil leases” in to the search area. About the third link down, you will get the Excel spreadsheet link below:
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&sqi=2&ved=0CG8QFjAC&url=http%3A%2F%2Foilandgas.ky.gov%2FTest%2520Library%2F2012-02%2520Transfer%2520Report.xls&ei=r3qiT7bxHOXo2AX827HaCA&usg=AFQjCNG0xjUxmPhTBmK9FiwoSU3vggowrQ
Further searching will get you another Google link of which was previously discovered by MASTERTRADER below which has the same data as above:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74977343
The operators of the wells for E 3 Petroleum Corp (UNGS) is MADISON BROTHERS INVESTMENT, LLC.
From the data above, there are 27 wells that are owned by E 3 Petroleum, but below is data from 25 of those 27 wells. A great many of them have a historical operational record for pumping oil/gas of which are located in the Pine Grove oil field, in Edmonson County, Brownsville, Kentucky. One could call Mr. Greg Welsh at 270-871-4336 at the Kentucky Division of Oil & Gas, who is the Oil Inspector for these wells, to officially confirm the production numbers that I have posted below for the E 3 Petroleum Corp wells indicated by their permit #’s.
Please know that these production numbers per well is back when the permits were originally issued. The current production numbers are not known. They are in the process of verifying the current numbers from UNGS from my understanding. Something else to note is that these numbers are operational results before any hydrochloric acid is used. So know that the use of chemicals will greatly enhance the production numbers below. The new production numbers are expected to be available for release in the coming days, but for now, please review the production numbers per well back when the permits were originally issued:
From doing the math from the barrels of oil per day (BOD), UNGS through its wholly owned subsidiary (E 3 Petroleum Corp) has a historical amount of producing 813 BOD. Given today’s technology, I would venture to say that UNGS will probably have much larger numbers for production than this historical amount, but let’s calculate a valuation based on this number.
Below are key variables to consider:
** Price of oil = $95.58 per barrel
http://www.oil-price.net/
** 813 BOD from only 25 wells
** Presume worst case scenario OS to be maxed AS to be 1,800,000,000 shares
** Net Profit Margin for the Oil & Gas Drilling & Exploration Industry = 13.6%
** Price to Earnings (P/E) Ratio for the Oil & Gas Drilling & Exploration Industry = 13.4
http://biz.yahoo.com/p/123conameu.html
** EPS = Earnings Per Share
$95.58 x 813 BOD = $77,706.54 per day
$77,706.54 per day x 30 days = $2,331,196.2 per month
$2,331,196.2 per month x 12 months = $27,974,354.4 per year
$27,974,354.4 per year x .136 Net Profit Margin = $3,804,512.19 Net Profit
$3,804,512.19 Net Profit ÷ 1,800,000,000 Maxed OS = .0021 EPS
.0021 EPS x 13.4 P/E Ratio = .028 per share valuation
Here’s what this potentially means… This means that UNGS could ”Fundamentally” be worth .028 per share at a minimum. I say at a minimum because this valuation only includes 25 wells out of Kentucky and does not include any of their other wells from other states that are in production. This amount could easily be doubled or tripled if not more.
Also, this valuation is from the historical data and does not take into consideration the new technology these days for extracting oil that would logically provide significantly enhanced numbers. The company is expecting to release the current production numbers in its upcoming financials that are scheduled to be released no later than 15 May 2012 as I had explained below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75317768
I think the time is very near for some major updates to soon be released from UNGS.
v/r
Sterling
If we can get 300m shares bought up . it will run big. lets say someone already got a buy load of this big. the float should be 1b shares i think
Bag holders is all i see here
i bought 200k shares at 0.0040 and sold them at between 70-88. nice gains here!!!!
Jack Hilliard Distributing Co
217 North 12th Street, Temple, TX
(254) 778-2748
Lets break those little walls down
If someone buys 5m shares here it will run
We could be seeing 0.03 soon
still holding 2m shares in BBDA
Get off the sidelines and start buying. Lets make this money
its been pink limted
i have BW mobile number if u want it. You can call him and ask.
You still are not making any sense.
What proof do i need? The Eu BBDA is soon to launch. Which should bring about product and brand awareness.
I have work in the Financial and Marketing industry
are you going to delete this post also JT?
When the EU launch happens we are going to see the EU investors step in big.
http://bebevco.eu/
0.0120 Is the new Floor of support. we good guys.
They do promotion to build there business. how would i know if a company is there if they don't advertise
Awesome. Great. I will put more MONey into BBDA tomorrow. Do u have anything else to say? Give me some facts. and ill still put more money into bbda. its just that good of a small going big
i agree with you
HEY JOHN WE NEED TO GET THE GROUP OF INVESTOR TOGETHER WITH ABOUT 300-500M SHARES WE CAN LOCK DOWN THE STOCK AND BE RICH WITHIN THE NEXT 3-5 YEARS WITH BBDA LOL
ONLY THE LONGS WILL WIN
He stated he would do that when he is ready for the buyback
cause they keep restocking
For a small company like BBDA they have to start off with a small number of Stores for walmart. So SC has 78 walmarts. and NC has like 140 i think. Once BBDA builds up enough Money to make more Koma we are golden
What was the Buy vs Sell today?
all feet in and seat belts fasten on the ride hold on to your tickets!!!