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Which was better? Listening to me when I warned people this was a scam at .25 (PRE SPLIT) or continuing to buy this scam all the way down as it lost 99%??
$200 is now break-even. G'luck raising $5mm and g'luck reaching $200 before being wiped out.
$68.5mm is a fabrication on ones imagination. 50 barrels a day and washed out acreage are all that remains. Even the worst of geologists and engineers can figure this out….even the worst. Funny thing is…geologists and engineers eventually start believing their line go BS they try to sell others and they make terrible investors. Those behind EOR have proven to dumb as the box of rocks they play in.
Whoever believes there is anything left of value here at this company deserves the further losses they are destined to take. Just as I predicted 5 years ago when i warned people about this scam.
Ready to "rock and roll" at $50 oil and this left over trash acreage?? More like singing' the blues than rocking and rollin. 50% dilution was only the beginning.
It's gotta go to $200 before anybody here breaks even!! LOL!
Glad to see that new management is so smart that they attempt a capital raise at all time lows!!! Tells you everything you need to know folks.
A $5mm raise here wipes everybody out!! Just as predicted.
"non brokered" being the key here. No broker will touch it. This raise will be 50% dilutive and beneficial to the insiders that are placing it at the existing shareholders expense.
The walls have just closed in on those unfortunate few that are left holding this bag of ####.
Let's take a look at the private placement memorandum to see exactly WHO gets compensated for this "raise" and how much they get. BTW…that's the "free cheese" that gets sold before the new bag holders get free trading stock. This POS will tank. $5mm gets about a years salary here.
This "announcement" was from 4 years ago. Their drilling failed.
The PV-10 is NOT $68.5mm. That;s a COMPLETE lie and fabrication. 15,000 acres is rank trash nobody will propose a well on nor participate in. The 15,000 acres has been a total failure over the years and this company has not attempted to drill a well on it in years!!
Not in this stock!! Maybe with a promote but not in the stock. That shareholder has lost 99.9% of everything reported to have been bought in the last 5 years.
I could only laugh when I did K-Mart oh too. It typifies this scam. $5mm does nothing in the field while diluting every shareholder by 50%. It's the continuation of a long slow bleed. EOR shareholders will wind up with nothing. You and I both know there is nothing worth spending $5mm on to drill. That money is going to your new management and promoters.
$5mm is a joke. Can't wait to see the investor roster in this scam and the promote on the placement. 100% warrant coverage at .025????? LMFAO!
I agree…anybody is wrong again for buying more shares. Have been EVERY time they've been bought! Not one buyer has EVER had a profit on this scam. WRONG AGAIN!!
Just as predicted!!! The remaining shareholders here suffer from massive dilution!! That's assuming anybody will invest a dime in this scam!! They are getting wiped out. Anybody buying now will be diluted massively.
$5.5mm will not move the needle here.
Only one person has been adding shares and that person has been BURIED for years. $5mm???? LOL!! There is $27mm is asset retirement obligations and no production here….and no drilling!
LMAO too. Where did the $10mm go? We've been $10mm in cash for years??? Now just $5mm left?
5 years go they announced…"Enhanced Oil Resources announces initiation of lateral drilling program"
Nothing ever came of it.
Sold 800 acres years ago and paid down debt. Why didn't they attempt to drill a well with what was left?? Because nothing was left!
January 15?? Mr. Hromyk cannot speak to shareholders 3 months later? Comforting.
Gotta like how this new "management" communicates with it's shareholders! LOL! Not a word since they came here.
PV-10 $6.85million. No cash left and headed lower.
Just as promised.
Too bad they had to pay that $10mm on past due bills. The PV-10 is actually $6.85Million since they sold that acreage. EOR has not drilled a successful well in decades.
They own trash acreage. They don't operate anything. They have not attempted to drill a well in years. The last attempts failed. They announced that old "drilling program" years ago and they never did anything with it. Their reserve report is almost 3 years old and they have no cash. Outside of that and the stock being down 99% everything is rosy here!!! LMAO!
This is a scam. It's going under .00001 just as I promised.
Dead deal here. EOR ceased operations long ago.
I've NEVER been wrong here. The stock is down 99% just as I predicted!
Owns and "operates". Define "operates" for us. EOR does not operate anything. There are no operations at this company. They don't drill anything. Operators drill. EOR is a dead shell. It was never anything more than a promoters scam.
I see the date of this PR was intentionally left out. That press release if 4 years old! LMAO! They haven't drilled a well in years!!
"owns and operates an approximate 100% interest in various units and leases". What do you mean by "operates"? This company has had no activity in years outside of selling acreage.
Why does anybody believe this is an "oil and gas" company when they have no production and have not drilled a successful in years? What "oil and gas" company doesn't drill wells?
No they don't!! EOR sold those "assets"!! Years ago. They were forced to sell to pay back due bills as reported in their latest shareholder update.
Their "PV-10" is non existent now. Nowhere near their MASSIVE asset retirement obligations of $30mm. The previous CEO fled this sinking ship knowing that he could never be paid again.
Right??? Comments on previous management welcome. How do we address these retirement obligations with this "nice share structure"????
No new reserve reports since the crash. No financials. CEO quit. Reverse split. No cash. No explanation of where the latest $10mm went. 60 bopd.
THIS IS A TRUE SCAM if there ever was one. The evidence is overwhelming just as are the losses.
Anatomy of a DEAD shell scam….daily repostings of irrelevant, dated PR's from previous years gone by. This scam is dead!!! It was NEVER real. People lost $100mm here while promoters and management pumped false hopes of "CO2 Floods" and "Pipelines".
They pocketed everything.
WHY DID EOR SELL THEIR LAST PRODUCTION AND RESERVES FOR ONLY $10MM IN CASH WITH A $68.5MM PV-10????
HUUUMMMMMM….WE ALL HEAR THE "CURRENT RESERVE REPORT" SAID "68.5MM" AND NOW WE KNOW FOR SURE IT WAS NOTHING MORE THAN ANOTHER HOAX AND COMPLETELY UNRELIABLE REPORT FROM THE MANAGEMENT/PROMOTERS! WE CALL READ THEY THEY SOLD IT ALL FOR ONLY $10MM!!!
Just ANOTHER reason why people will never trust this company or any involved with it.
"The CURRENT RESERVE REPORT $68.5 million PV-10 value" FROM 2013!!
LMAO…probably not a good idea to bring up a 2013 "reserve report" using sold assets and $100 oil. Only points out another great reason to avoid this scam like the Plague. They SOLD THE RESERVES!!!
"Enhanced Oil Resources announces initiation of lateral drilling program" THREE (3) YEARS AGO!!!
LMAO!!! They announced 9 wells at IPAA back in 2012 as well!!!
btw….those 3 wells all puked up backwash and failed. Probably not a good idea to bring those up for the newbies.
WHY DID EOR SELL THEIR LAST PRODUCTION AND RESERVES FOR ONLY $10MM IN CASH WITH A $68.5MM PV-10????
HUUUMMMMMM….WE ALL HEAR THE "CURRENT RESERVE REPORT" SAID "68.5MM" AND NOW WE KNOW FOR SURE IT WAS NOTHING MORE THAN ANOTHER HOAX AND COMPLETELY UNRELIABLE REPORT FROM THE MANAGEMENT/PROMOTERS! WE CALL READ THEY THEY SOLD IT ALL FOR ONLY $10MM!!!
Just ANOTHER reason why people will never trust this company or any involved with it.
"The CURRENT RESERVE REPORT $68.5 million PV-10 value" FROM 2013!!
LMAO…probably not a good idea to bring up a 2013 "reserve report" using sold assets and $100 oil. Only points out another great reason to avoid this scam like the Plague. They SOLD THE RESERVES!!!
"Enhanced Oil Resources announces initiation of lateral drilling program" THREE (3) YEARS AGO!!!
LMAO!!! They announced 9 wells at IPAA back in 2012 as well!!!
btw….those 3 wells all puked up backwash and failed. Probably not a good idea to bring those up for the newbies.
That's all we can do shl….warn people of the sad facts. Not ONE single shareholder has EVER made money on this stock. It's never had an up year so it's impossible to have suggested that any have made money. Anybody that says they have made money here on this stock is lying to themselves (and others) simply because the historic volume shows that not one shareholder had the benefit of selling any meaningful amount while the price was higher. Mark Peavy (Insider) was a great example. He never had a chance to get out and it was HIS buying that allowed the promotions bunch to unload what they could. He lost it all here on their broken promises of "CO floods" and "pipelines"!!
Glad you were here to help out the unsuspecting!
$10mm in cash is long gone!! LOL…they sold assets for $30mm in cash before they had to firealse that 800 acres. The cash is GONE. This is old news and bills had to be paid (which is why they had to see more assets). The paid management salaries, promoters and past due bills according to their financials.
EOR cannot raise any cash. No lender will loan them a dime. They have no choice but to continue raping the shareholders by selling down what they can when they can.
There's nothing left now. EOR is dead shell. It's lost 50% in 3 weeks and going MUCH lower.
"The company, through it's failed management and promotions department, intends to continue it's long and rich history of delivering failure after failure and insurmountable losses on it's stock to it's shareholders. Furthermore the company intends to fail on delivering on promise after promise from every press release it's issues.
"We have every faith that our new management will continue to deliver disappointment in the future to our shareholders in keeping with the legacy of creating tax losses each year that are dependable while creating an environment that assures that every shareholder will avoid any taxable event associated with capital gains in our stock."
"The Company plans to unlock the value …" LMAO!! This stock is down 99.9%. There is nothing left here to "unlock" and no money left if there was.