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Best of duediligence2 (part 1 of 4)
"Projections made by my group are as timely & objective as possible based on information available from due diligence."
"My group will help the ongoing long term trend reversal achieve accurate market cap value for HMGP over time."
"A 2nd.Group of individual,like our Group,investors with long term fundamentals price goals has been buying support for over 2 weeks. Both groups have at times bought the same stocks with long term goals in the past successfully. We helped them some with some of Our dd information about geology formations in southeast Kansas. We will all be buying more timely as the Bigger picture for oil value in Kansas is just starting to unfold. We have been buying HMGP since Oct.'06 ; all are adding more today based on new fundamenal gas news about TX."
"When t/a of indicators' patterns & Volume dictates a price breakout our group will also be buying volume. We are Not yet convinced based on t/a,but group will support patterns as they change in HMGP."
"Humboldt-Chanute oilfield Big picture view. Over 90 million barrels of oil have been produced in it's history.The shallow, very high porosity sandstone(squirrel)in Kansas has a history of being one of the longest producing oil formations in the United States from this 150,000 acre oilfield. Why are so many new wells been drilled at and ever increasing rate of growth in southeast Kansas in Woodson,& Allen Counties in 2006?" 12/24/2006
"Humboldt-Chanute oilfield is finding renewed life. Not just the price of oil that is accelerating,new well development in Woodson, & Allen Counties of Kansas around Hemi's leases. In 2007 geology formations both near,and contiguous to Woodson County leases owned by the company will prove to have more oil value that is now presumed. Due diligence of the Big picture about production to come from the western part Humbold-Chanute oilfield will prove Hemi to be very undervalued." 12/25/2006
"There are 2 large oil companies that have been drilling new wells in Woodson & adjacent counties for months. The oil under the 5 leases at Woodson County KS yet to be produced is worth many times the total market cap price of Hemi based on our due diligence of all the geology formations in southeast Kansas." 12/27/2006
"Several Large oil companies plan for larger leases in their ever expanding new gas well development programs in Woodson County in southeast Kansas. Some new oil wells flush in with historically high oil production in barrels per day in southeast Kansas. Geological formations Not drilled for decades produce new oil in Kansas." 12/29/2006
"A large oil company has reasons in '07 to talk to Hemi about gas well developement programs in Kansas. Geological formations Not drilled for decades produce new oil in Kansas in Woodson County. Some new leases are found to have very high geological value for oil based on due diligence of related history in KS." 12/31/2006
Right now HMGP and NVMG are both exactly 22.22% down.
Interesting coincidence.
Right now HMGP and NVMG are both exactly 22.22% down.
Interesting coincidence.
Shows some .39's went through.......
03/14/07 14:23:14 0.40 0.38 0.40 0
03/14/07 14:23:17 0.40 0.38 0.39 0
03/14/07 14:23:18 0.39 0.38 0.39 5000
03/14/07 14:23:39 0.40 0.38 0.39 5000
03/14/07 14:24:44 0.40 0.38 0.40 0
03/14/07 14:24:48 0.40 0.39 0.40 0
03/14/07 14:24:50 0.40 0.39 0.40 5000
03/14/07 14:24:51 0.39 0.39 0.40 5000
03/14/07 14:29:15 0.39 0.39 0.41 0
03/14/07 14:29:16 0.39 0.40 0.41 0
03/14/07 14:29:18 0.40 0.40 0.41 5000
03/14/07 14:31:42 0.41 0.40 0.41 1160
03/14/07 14:32:43 0.41 0.40 0.41 1316
03/14/07 14:33:03 0.41 0.40 0.41 5000
03/14/07 14:33:14 0.40 0.40 0.41 5000
03/14/07 14:33:15 0.40 0.40 0.42 0
03/14/07 14:33:23 0.40 0.41 0.42 0
03/14/07 14:33:29 0.42 0.41 0.42 2000
03/14/07 14:35:33 0.42 0.41 0.42 0
It seems these last few takedowns have been heavily orchestrated. Buys appear to be sells, legitimate buys at ask being ignored and bid/ask whip-sawing so fast hard to get a buy in at the low end. Wonder why?? Maybe there's an agenda of some kind.
Great buy!!!! em
03/14/07 13:41:13 0.43 0.43 0.47 5000
03/14/07 13:41:54 0.47 0.43 0.47 500
03/14/07 13:54:48 0.43 0.43 0.47 5000
03/14/07 13:56:40 0.43 0.43 0.47 5000
03/14/07 14:03:13 0.40 0.43 0.47 1000
LOL..............
03/14/07 13:41:13 0.43 0.43 0.47 5000
03/14/07 13:41:54 0.47 0.43 0.47 500
03/14/07 13:54:48 0.43 0.43 0.47 5000
03/14/07 13:56:40 0.43 0.43 0.47 5000
03/14/07 14:03:13 0.40 0.43 0.47 1000
Oil prices waver after inventories data
Stockpiles of gas, distillates decline for fourth straight week
"The report warned that oil stocks in industrialized countries were falling at an usually high rate so far this year and could be the biggest first-quarter decline in crude oil inventories in 10 years."
http://www.msnbc.msn.com/id/12400801/
Oil prices waver after inventories data
Stockpiles of gas, distillates decline for fourth straight week
"The report warned that oil stocks in industrialized countries were falling at an usually high rate so far this year and could be the biggest first-quarter decline in crude oil inventories in 10 years."
http://www.msnbc.msn.com/id/12400801/
Couldn't agree more..........
1 month returns:
HMGP +10%
INDU -6%
World Business Review info..................
http://www.wbrtv.com/
World Business Review Links of interest:
Total Clearance by Potential TV Households
http://www.wbrtv.com/distribution/clearance_4_25.html
http://www.wbrtv.com/distribution/clearance_4_28.html
Shows-Streamed Video (current)
http://www.wbrtv.com/media_stream/vid_page.html
BEFORE THE BOARD OF OIL AND GAS CONSERVATION
OF THE STATE OF MONTANA
UPON THE APPLICATION OF ORDER NO. 302-2006
NANCE PETROLEUM CORPORATION
TO CREATE A PERMANENT SPACING
UNIT COMPRISED OF THE W½, NE¼
OF SECTION 26, T28N-R58E,
ROOSEVELT COUNTY, MONTANA,
FOR PRODUCTION OF OIL AND
ASSOCIATED GAS FROM THE
RATCLIFFE FORMATION AND TO
DESIGNATE APPLICANT’S SIMARD
13-26XH WELL AS THE AUTHORIZED
WELL FOR SAID SPACING UNIT.
http://bogc.dnrc.state.mt.us/PDF/september2006Orders.pdf
Nance Petroleum
http://www.nancepet.com/
a subsidiary of:
http://www.stmaryland.com/
Another big player in the Williston Basin...
http://www.nancepet.com/
a subsidiary of:
http://www.stmaryland.com/
NAEG Acquires Bier Oil Lease (October 4, 2006)..........
Bier Oil Lease, a former Exxon well, consisting of 760 acres located on the Luster Field in northeast Montana. The Bier Well, which was originally drilled in 1984 and later plugged, has been selected for its production potential and is to be among the first group in NAEG’s Enhanced Oil Recovery & well development program.
The Bier was producing 60 barrels of oil per hour when it was capped due to excessive
fluids (3,200 total fluids with a 50% oil cut) because the expense of removing the water
at that time was simply too great. Today’s proprietary extraction techniques, combined
with lower transportation costs and high profit margins make this well economically
feasible again for re-entry.
The Average amount of BOPD from most producing wells on the Luster Field is 500 to
1000. The Luster Field was discovered in 1953 by Exxon Mobil and has a total of 300
wells drilled. Other major oil companies that have been in this field include Mobil,
Amerada Hess, and others. The formation(s) they primarily producing out of included the
Mississippian Period, Mission Canyon, and the Ratcliff section of the Charles formation
in the Mississippian Period.
“It was an early feasibility study,” said D’Arrigo, “by our geological team, including a full
analysis of the previous operator’s results and all essential aspects of the historical
drilling and exploration data that relate to several of our leases and their underlying oil
deposits, that has validated the planning and initiation of a 12-month, 20-well
development program. Estimates had been established and were reported to me during
2005 by our Senior Geologist & Petroleum Engineer, Tony Johnson, and our exploration
team to indicate 2 (two) million barrels of recoverable reserves are accessible in just 5 of
the Company’s more significant acquisitions. We have two (2) rigs from one
manufacturer being prepped for delivery, one later this year and the second in early
2007 to get the job done. In parallel with this goal, overall, once we have met certain
production levels from the current re-work program, then exploratory and verification-drilling
may begin on our Bakken leases, concurrently, in late 2007. That is a much more
expensive proposition and represents a larger opportunity, however, to date, of the total
wells drilled in the Bakken Play only 2% are dry holes. On average, the initial production
rates after completion on the Bakken are between 200 - 600 barrels of oil per day, but
can range as high as 2000-5000 bopd depending on the size of your pocket book, the
location of the properties, and the right combination of drilling and completion
technology's. As was previously announced on August 22, 2006, Native American
Energy Group launched its initial oil production on the Fort Peck Indian Reservation in
northeast Montana following the successful enhancement, reactivation, and completion
of its first two wells. We shall continue to rely on our experienced and devoted personnel
who have made great contributions towards helping us to achieve and increase our
capacity, and we have every confidence that these important projects will be gradually
realized.”
http://www.nativeamericanenergy.com/pressreleases/bierwell.pdf
Historic Shell Oil “Discovery” Well......
"This activity culminated in the 1951 discoveries of the Beaver Lodge field by the Amerada Oil Company on the Nesson Anticline in North Dakota and the Richey and Southwest Richey fields by Shell Oil Company in eastern Montana. Further discoveries followed quickly, on the Nesson Anticline trend by Amerada and other companies and on the Cedar Creek Anticline by Shell, which had contracted with Montana Dakota Utilities Company and the Northern Pacific Railroad for the deep rights on the anticline."
http://www.kgs.ku.edu/DPA/NMC/Prov/willis.html
PR:
http://www.nativeamericanenergy.com/pressreleases/shellwellacquisition.pdf
More info on "NAEG Acquires Historic Shell Oil “Discovery” Well"
http://www.nativeamericanenergy.com/articles/1953-shell-beery-article.jpg
http://www.nativeamericanenergy.com/articles/1953-shell-beery-article.pdf
Press Release:
http://www.nativeamericanenergy.com/pressreleases/shellwellacquisition.pdf
Nice pictures in case you haven't seen them yet....
http://www.nativeamericanenergy.com/cox71.htm
NAEG field truck on-site at the Cox 7-1 well during rework operations
NAEG logo stencil on the black storage tanks (Logo is painted white on black tanks)
Tony, Joe and Raj overseeing the application of NAEG's petro-flo chemical
Draining NAEG's Petro-Flo chemical from their chem-trailer
Hot Oiler injecting NAEG's Petro-Flo chemical into the well
http://www.nativeamericanenergy.com/tribal7a.htm
Tribal 7-A Rework Operations #1 (Hot Oiler onsite injecting NAEG chemicals)
Tribal 7-A Rework Operations #2 (Reworking the Well)
Tribal 7-A Rework Operations #3 (Snapshot From a Distance)
Tribal 7-A (Wellhead After Completion)
Tribal 7-A - Completed and Producing
http://www.nativeamericanenergy.com/pressreleases/successfulcompletions.pdf
BEFORE THE BOARD OF OIL AND GAS CONSERVATION
OF THE STATE OF MONTANA
UPON THE APPLICATION OF ORDER NO. 378-2006
PETRO-HUNT, LLC TO CREATE A
TEMPORARY SPACING UNIT
COMPRISED OF THE SW¼NW¼
AND NW¼SW¼ OF SECTION 12,
T29N-R48E AND THE SE¼NE¼
AND NE¼SE¼ OF SECTION 11,
T29N-R48E, ROOSEVELT COUNTY,
MONTANA, TO DRILL A NISKU
FORMATION TEST WELL AT A
LOCATION APPROXIMATELY
2375’ FNL AND 300’ FWL OF
SAID SECTION 12.
http://bogc.dnrc.state.mt.us/PDF/November2006orders.pdf
http://biz.yahoo.com/ic/119/119576.html
http://www.petro-hunt.com/Core.htm
http://www.petro-hunt.com/About.htm
All PR's from HMGP.................................
Hemi Energy New Well Developments
Business Wire (Mon, Mar 5)
http://biz.yahoo.com/bw/070305/20070305005713.html
Hemi Energy Kicks off the 2007 Drilling Program
Business Wire (Mon, Feb 26)
http://biz.yahoo.com/bw/070226/20070226005759.html
Hemi Energy Group Announces Oil & Gas Reserve Study for Woodson County, Kansas Leases
Business Wire (Fri, Feb 23)
http://biz.yahoo.com/bw/070223/20070223005335.html
Hemi Energy Group, Inc. Issues Update on Montgomery and Woodson County Leases in Kansas
Business Wire (Fri, Feb 16)
http://biz.yahoo.com/bw/070216/20070216005104.html
New Geological Information on Hemi Leases in Southeast Kansas
Business Wire (Fri, Feb 9)
http://biz.yahoo.com/bw/070209/20070209005103.html
Hemi Energy in New Gas Well Discussions about Its Leases in Sabine County, Texas
Business Wire (Thu, Jan 18)
http://biz.yahoo.com/bw/070118/20070118005170.html
Hemi Energy Acquiring Drilling Permits for Four New Wells on Leases in Woodson County, Kansas
Business Wire (Wed, Jan 10)
http://biz.yahoo.com/bw/070110/20070110005073.html
Hemi Energy Updates Information About New and Reworked Wells in Kansas
Business Wire (Thu, Dec 28)
http://biz.yahoo.com/bw/061228/20061228005057.html
Hemi Energy Projects Production of 1500 Bbls of Oil in February for the Montgomery County, Kansas Lease
Business Wire (Tue, Dec 19)
http://biz.yahoo.com/bw/061219/20061219005152.html
Hemi Energy Projects February Oil Production to Be Over 1400 Barrels
Business Wire (Tue, Dec 12)
http://biz.yahoo.com/bw/061212/20061212005950.html
(copy links and past into addy bar)
THREE MONTHS OF OIL SHIPMENTS FROM KANSAS (Press Release)
Oct 26 2006 10:33 AM ET
www.pinksheets.com/quote/news.jsp?symbol=HMGP&headline=THREE+MONTHS+OF+OIL+SHIPMENTS+FROM+KANSAS+%28Press+Release%29&id=9087&compid=646099
Hemi Energy Group Closes on Acquisition of Additional 45 Oil Wells (Press Release)
Sep 21 2006 2:24 PM ET
www.pinksheets.com/quote/news.jsp?symbol=HMGP&headline=Hemi+Energy+Group+Closes+on+Acquisition+of+Additional+45+Oil+Wells+%28Press+Release%29&id=8821&compid=646099
Live Press Conference on MN1.com (Press Release)
Jul 27 2006 1:30 PM ET
www.pinksheets.com/quote/news.jsp?symbol=HMGP&headline=Live+Press+Conference+on+MN1.com+%28Press+Release%29&id=8375&compid=646099
Hemi Energy to acquire an additional 104 wells (Press Release)
Jul 25 2006 1:04 PM ET
www.pinksheets.com/quote/news.jsp?symbol=HMGP&headline=Hemi+Energy+to+acquire+an+additional+104+wells+%28Press+Release%29&id=8359&compid=646099
Hemi Energy Group Inc. (HMGP.PK) - Live Press Conference on MN1.com (Press Release)
Jun 28 2006 3:30 PM ET
www.pinksheets.com/quote/news.jsp?symbol=HMGP&headline=Hemi+Energy+Group+Inc.+%28HMGP.PK%29+-+Live+Press+Conference+on+MN1.com+%28Press+Release%29&id=8215&compid=646099
Blue light special....... .44 X .45
Longer term perspective. Hugging the 5 wk MA and trading between it and the nether regions. (way above the top BB) . Don't know if it is just a coincidence but from recent high to recent low, a perfect 50% fibo retrace and bounce off the 5 wk MA.
I know most people look at 1 minute charts in this market but the big picture (weekly chart) showed the full candlestick being over the top BB last week, so this just seems to be a retrace and back to following the 5 week MA. A perfect 61.8% fibo retrace.
Shallow Gas Well Site Selection on Fort Peck Reservation, Montana
Lawrence M. Monson, Fort Peck Tribes, P.O. Box 1027, Poplar, MT 59255
http://libraries.maine.edu/Spatial/gisweb/spatdb/gis-lis/gi94074.html
FINAL REPORT
Surface Hydrocarbon Exploration
Fort Peck Reservation Assessment
By Lawrence M. Monson
INTRODUCTION
Oil and gas have been produced on the Fort Peck Indian Reservation for fifty years. The
Fort Peck Tribes have been actively engaged in exploration and production activity
during the past fifteen years. As a part of this on-going effort, data sets have been built
and prospects have been generated. This grant from the United States Department of
Energy has provided an opportunity to assess the utility of surface exploration technology
in prospect characterization.
http://www.osti.gov/bridge/servlets/purl/829672-YcbGX3/native/829672.pdf
Fort Peck boundaries and current oil fields.
http://www.eere.energy.gov/tribalenergy/guide/pdfs/fort_peck.pdf
Everything you wanted to know about Fort Peck O&G, but were afraid to ask.
Even though dated, it gives an excellent overview of the geology. (fixed the link)
http://www.eere.energy.gov/tribalenergy/guide/pdfs/fort_peck.pdf
"Oil has been discovered on Fort Peck land, and unlike the tribes of Fort Berthold, the Nakoda and Sioux have decided to manage the resources themselves."
http://www.humboldt.edu/~wrd1/linksnak.htm
"Since the 1950s the Fort Peck Tribes have undertaken extensive industrial and mineral development. The tribally owned Assiniboine and Sioux Tribal Industries (ASTI) is the largest private employer in Montana. Fort Peck was the first of the United States Tribes to develop jointly and wholly-owned oil wells."
http://www.mnisose.org/profiles/fortpeck.htm
In cooperation with the Office of Environmental Protection of the Fort Peck Tribes
Helicopter Electromagnetic and Magnetic Survey Maps and Data, East Poplar Oil Field Area, August 2004, Fort Peck Indian Reservation, Northeastern Montana
By Bruce D. Smith, Joanna N. Thamke, Michael J. Cain, Christa Tyrrell, and Patricia L. Hill
This report is a data release for a helicopter electromagnetic and magnetic survey that was conducted during August 2004 in a 275-square-kilometer area that includes the East Poplar oil field on the Fort Peck Indian Reservation.
http://pubs.usgs.gov/of/2006/1216/
http://pubs.usgs.gov/of/2006/1216/downloads/REPORTS/OF06-1216_508.pdf
The Fort Peck Assiniboine and Sioux tribes conducted a wind resource assessment at five sites on their reservation, in cooperation with the Bechtel Corporation. Measurements showed that the wind speeds range between classes 5 and 6, which would make wind generation commercially viable.
http://www.eere.energy.gov/tribalenergy/title26/fort_peck.html
http://www.eere.energy.gov/tribalenergy/title26/fort_peck_summary.html
Fort Peck Reservation
The Fort Peck Indian Reservation occupies about 1,456 square miles (931,792 acres) in Valley, Roosevelt, Daniels, and Sheridan Counties in northeastern Montana.
http://www.eere.energy.gov/tribalenergy/guide/pdfs/fort_peck.pdf
Historical Mineral/Oil/Gas Production on Fort Peck.
Status of Mineral Resource Information for the Fort Peck Indian Reservation, Northeastern Montana
Petroleum and natural gas and lignite are the most important mineral resources on the Fort Peck Indian Reservation.
http://www.eere.energy.gov/tribalenergy/guide/pdfs/fort_peck_28.pdf
Everything you wanted to know about Fort Peck O&G, but were afraid to ask.
Even though dated, it gives an excellent overview of the geology.
www.eere.energy.gov/tribalenergy/guide/pdfs/fort_peck.pdf
Wildcat producer sparks oil boom on Montana plains
Wednesday, April 05, 2006
By John J. Fialka, The Wall Street Journal
"There are currently 225 rigs drilling for oil in North America, according to industry records. Twenty are drilling in the Sidney area and more are coming. Montana records show 13 oil companies drilling in the Bakken. "They're drilling (wells) as fast as 20 rigs can drill. We'll probably get 150 new wells a year at this rate, and there are very, very few dry holes," says Tom Richmond, administrator for Montana's Board of Oil and Gas Conservation."
http://www.post-gazette.com/pg/06095/679602-28.stm
Montana Board of Oil and Gas
http://bogc.dnrc.state.mt.us/
In the search box type in roosevelt oil.
(1 through 10 of 124 documents, best matches first)
Bakken leases relative to Roosevelt County
Bakken and Evolving Oil Play Information
http://www.dmr.nd.gov/ndgs/bakken/bakken.asp
http://www.bismarcktribune.com/articles/2006/06/20/news/state/doc4497e42f6e8e5430204114.txt
http://64.233.167.104/search?q=cache:9dusEU-lRtUJ:www.nd.gov/ndic/ic-press/bakken-form-06.pdf+Bakken....
http://tonto.eia.doe.gov/FTPROOT/features/ngshock.pdf
Bakken and Evolving Oil Play Information
http://www.dmr.nd.gov/ndgs/bakken/bakken.asp
Chuanyou Guanghan Honghua Co., Ltd. is located in Guanghan City, which is the site of the famous SANXINGDUI. The company is specialized in researching, designing and manufacturing of petroleum drilling rigs.
Cooperation
ABB Beijin Drive Systems Co., Ltd.
Siemens Ltd., China
Yongji Electric Machine Factory,CNR
China National ERZHONG Group CO.
BeiJing Petroleum Machinery Factory
Tianshui Electric Drive Research Institute
Chengdu HongTian Electric Drive Engineering Co.,Ltd
Copyright 2005 HongHua Co., Ltd , All Rights Reserved
http://www.hhcp.com.cn/english/index.htm
http://www.gtstexas.com/
http://www.nativeamericanenergy.com/pressreleases/gtschinainvitation.pdf