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Even if they end up gettin 1/10 or 1/100 of that, its huge money for a company like this.
Frontier Energy to Purchase up to 20,000 Acres in Western U.S.
Tuesday May 20, 10:34 am ET
NORTH LAS VEGAS, NV--(MARKET WIRE)--May 20, 2008 -- Frontier Energy Corporation (Other OTC:FRGY.PK - News) is pleased to announce today that it is increasing its portfolio of prospects to include up to 20,000 acres located in a Western U.S. state. Per our last PR from March 28th, we are now in the acquiring stage and are conditioned on financing and resource availability.
Based upon our geologist's initial reports, the prospect has been estimated to have potential reserves of 50,000,000 barrels of oil for the entire prospect. Frontier Energy will have a 75% working interest in this prospective lease. This information has not been proven yet and further reports and work will have to be done to confirm these numbers in detail once the acquisition is complete.
To ensure the success of this prospect, Frontier has begun working with a well established venture capital corporation to fund the initial exploration and the ability to drill its first well on the property. "We are extremely excited about this acquisition and its potential that it brings to our shareholders," stated Mr. Robert Genesi, CEO of Frontier Energy. "In addition, we will shortly update our shareholders on our other leases as well as corporate activity."
About Frontier Energy Corp.
Frontier is an exploratory oil and gas business headquartered in Las Vegas, Nevada. The goal of Frontier Energy is to build a solid portfolio of assets through the acquisition of leases and explore and develop the opportunities on the individual leases.
Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations there under. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the oil and gas industry, competitive pricing pressures, completion of possible acquisitions, success at integrating and operating any acquired operations and the availability of necessary financing. These statements speak only as of above date, and Frontier Energy Corp. disclaims any intent or obligation to update them.
Contact:
Contact:
Frontier Energy Corporation
Eddie Monet
619-864-0166
NEWS!!!!
He's an open question for the board. Is Caribbean Private Investment Corporation "CPIC" a real company? Can anyone provide any contact information?
500m OS coming soon IMO
CPSL !!!!!!!!!
The AS has been changed, it doesn't effect the shares you own at all.
No it clearly states that AS has been decreased to 250m
This is going to move to the Berlin or Frankfort exchange. Which is funny because those are just as bad as pinksheets. Save this post, its going to happen.
I'm looking for a RCCH PR too, it always helps the pps.
A pinky CEO putting out news that will BK a 1.8b financial company? How could Newton do that?
They already did. Nobody will be getting new shares of anything. When they announced the dissolution and that there would be no payment, that was game over.
I doubt that there would be a law passed between now and 2011 that would make the changeover to an earlier date.
That article is the most current info I've seen about the tax/liability. I've heard that the 2011 date is BS and that the law will probably change before then. That's 30 months from now, and a lot could happen between now and then.
Then I suggest you hit the ASK, come on, you know you want to. You might even get an OIL fist.
Keep posting here FRGY is up 100% today
what is the lawsuit about and what does it have to to with FRGY?
Just to clarify something, you're about 6 months behind on your information. They had money issues 6 months ago and it had nothing to do with playing with stocks or messing with people's money.
Read the ibox
The sooner the better, for a stock that has no specific company associated with it, this sure has held its own. I have a feeling when this runs, its going to run hard and fast.
I agree with you, seems like only IHUBERS believe the RCCH story. With an AS of 2.5b, I think its safe to say that the company is going to take full advantage of, it'll have a run again no doubt about that, but each time the OS rises, its going to be harder and harder to sustain those levels. As far as the fundamentals, this is a non-reporting company, so we really have no idea what the financial situation of the company truly is. I'm trying to find a broker that will let me short this because after the next run, it'll fall right back to sub-penny levels.
who's trying to create panic? I'm just giving my opinion that this will see new lows in the next few weeks. Looking at the last run where it touched .033, its been falling since then and volume has been steadily increasing since (4/14). These shares have to be coming from somewhere, and its evident its coming from the company because the OS has been steadily increasing.
RSI is falling, MACD is negative, and CMF is negative
Looking at the chart, it looks like its going to test new lows.
Where are all these shares coming from? 3m in volume and the pps is at the lowest point in the last few months. If this trend continues, it looks like RCCH is going to be .000x IMHO
How about you hit the ASK today and help everyone out if you're gonna buy
We need a double oil fist to get this movin HAHA
That was me
Oil will always have value because it used to produce so many products. I mean what can you think of today that isn't made out of plastic? The real problem is the cost of gas and the affect it has on the US economy. If gas goes to $5-$7 a gallon, this country is in trouble. But the US is one step ahead of the rest of the world, and that's why this is the best country in the world.
This is what will happen in the next 5-10 years and we'll be able to tell those middle eastern countries to go "F" themselves.
http://www.npr.org/templates/story/story.php?storyId=5356683
Come on FRGY mgmt....Bring on the NEWS!!!!!
Sounds good to me, the sooner the better.
I didn't think pinks could go E because they aren't required to file. The weird part was, FRGYE.OB was quoted at .10
Does anyone know if FRGY is getting uplisted soon? On yahoo finance there is a quote for FRGYE.OB
I'm getting them too, on every link. I can understand a pop up now and then, but this is getting crazy.
They weren't the only ones, CHK, XTO, DVN, PBT and others did too. To be honest I hope it corrects even more. This is the time of year (May-Sept) that companies that deal with Natural Gas will normally move towards their 52 week lows. Simple supply and demand. Buy in the Summer, Sell in the Winter.
Of Course I'm in, I couldn't pass it up after I read this
http://seekingalpha.com/article/73313-cal-maine-get-ready-for-a-short-covering-explosion?source=yahoo
CALM Short Squeeze is ON!!!
Remaining non reporting but claiming to project millions of dollars in revenue is a huge red flag for potential investors. If they're making the kind of money they say they are, then why wouldn't they want to become a reporting company. When a company is reporting its easier to obtain favorable/non dilutive financing and institutional investors. Which are two key factors that are needed to sustain a higher pps.
If this company was reporting and were able to account for and verify their financial stability. Then the pps would be sitting much higher then it is today.
too bad it will be in the opposite direction.