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Out of all the stocks that I own Hemi was the ONLY green stock of the day, just don't figure LOL
TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced fiber plastic pipes, today updated the status of previously announced $13.2 M. PanJin, LiaoNing Water Supply Project.
In order not to disturb farming during the summer, the planned commencement of production is rescheduled for the winter. All the preparations by the subsidiary company are ready for the commencement of production in the coming winter.
Also reported that the total assets of the company as of June 30, 2008 were $54.05 million and had no long-term debts.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, “We are pleased with rescheduling the production respecting the farmers and government wishes. The demands for TTCM China’s products are strong. We are focusing on fulfilling orders in 2008 and beyond and looking into several financing options including HePing Investment Company to enable us to realize the higher revenue in 2008 and beyond.” About TTCM China, Inc. http://www.ttcmchina.com.
TTCM China, founded in 1995 and based in Tianjin China, is a leading producer of glass-reinforced composite plastic products including regular and high-pressure pipes, fittings related to the water supply, flood control and sewerage systems. TTCM developed an advanced technology employing micro-emulsification, which enables reduction of the amount of resin used in the production process. These procedures make TTCM’s glass-reinforced fiber-plastic pipes superior in strength while only weighing one-fourth the weight of regular steel pipes and one-eighth of concrete pipes.
Safe Harbor Forward-Looking Statements and the risk of doing business in China Including historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Historical and forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results.
Such risks and uncertainties include, but are not limited to, force d’majeure, foreign currencies exchange-rate, customers’ financial conditions, possibility of canceling already-placed orders by customers, extending the delivery-acceptance time, ability to successfully complete additional financings and other risks associated with the operations in China where certain governmental economic or political situation/polices might adversely affect the outcome of the envisioned business.
Some people may see all this as a problem, however I do not, The more options that are open for Hemi the better.
It does appear that Hemi has more gas than oil, so perhaps you are right in installing NG infrastructure with the insurance money. I'm sure KA has been giving this some thought since the Collins has shown a large amount of gas.I know this is not the plan for Hemi, but if all you have is gas in the new wells something may have to change.
Look around, a lot of penny stocks are taking a downturn for whatever reason, games are being played all over the markets.We still have the same company we had last month at .05. No one likes to be kept waiting on company info, including myself, but I do believe Keith should put something out soon, like some one said before, Keith also owns shares and he can't be very happy with this shareprice. FOR SOME ONE TO SELL AT THIS PRICE MAKES NO SENSE.
I would like to see KA buy back some shares with the insurance check, now that just may be what would take us back up and show everyone that how much value he puts in the shares.
Very nice post Big Mur, you are good with words.
After reading about gas condensate I realize why Hemi was being so careful with this well.
http://www.hess.com/ehs/msds/Nat_Gas_Cond_Sweet_15017_clr.pdf
I would buy a couple million shares tomorrow if I only knew that things were on track with the company, with no up-dates on production not much an investor can do at this point.Larry is being attacked for his failure to keep shareholders up to date on company information. Why, well thats the big question isn't it. Are the wells that were drilled not producing as were expected? Is he drilling new wells and waiting on results? If Larry wants us to buy his stock than he will have to come out with something.
Yes, and I will settle for 20 bod.
Bush is headed home from the games, wonder why?
--------------------------------------------------------------------------------Anybody got a few ideas what I should be invested in after all this happens:
Massive US Naval Armada Heads For Iran
Operation Brimstone ended only one week ago. This was the joint US/UK/French naval war games in the Atlantic Ocean preparing for a naval blockade of Iran and the likely resulting war in the Persian Gulf area. The massive war games included a US Navy supercarrier battle group, an US Navy expeditionary carrier battle group, a Royal Navy carrier battle group, a French nuclear hunter-killer submarine plus a large number of US Navy cruisers, destroyers and frigates playing the "enemy force".
The lead American ship in these war games, the USS Theodore Roosevelt (CVN71) and its Carrier Strike Group Two (CCSG-2) are now headed towards Iran along with the USS Ronald Reagon (CVN76) and its Carrier Strike Group Seven (CCSG-7) coming from Japan.
They are joining two existing USN battle groups in the Gulf area: the USS Abraham Lincoln (CVN72) with its Carrier Strike Group Nine (CCSG-9); and the USS Peleliu (LHA-5) with its expeditionary strike group.
Likely also under way towards the Persian Gulf is the USS Iwo Jima (LHD-7) and its expeditionary strike group, the UK Royal Navy HMS Ark Royal (R07) carrier battle group, assorted French naval assets including the nuclear hunter-killer submarine Amethyste and French Naval Rafale fighter jets on-board the USS Theodore Roosevelt. These ships took part in the just completed Operation Brimstone.
The build up of naval forces in the Gulf will be one of the largest multi-national naval armadas since the First and Second Gulf Wars. The intent is to create a US/EU naval blockade (which is an Act of War under international law) around Iran (with supporting air and land elements) to prevent the shipment of benzene and certain other refined oil products headed to Iranian ports. Iran has limited domestic oil refining capacity and imports 40% of its benzene. Cutting off benzene and other key products would cripple the Iranian economy. The neo-cons are counting on such a blockade launching a war with Iran.
The US Naval forces being assembled include the following:
Carrier Strike Group Nine
USS Abraham Lincoln (CVN72) nuclear powered supercarrier
with its Carrier Air Wing Two
Destroyer Squadron Nine:
USS Mobile Bay (CG53) guided missile cruiser
USS Russell (DDG59) guided missile destroyer
USS Momsen (DDG92) guided missile destroyer
USS Shoup (DDG86) guided missile destroyer
USS Ford (FFG54) guided missile frigate
USS Ingraham (FFG61) guided missile frigate
USS Rodney M. Davis (FFG60) guided missile frigate
USS Curts (FFG38) guided missile frigate
Plus one or more nuclear hunter-killer submarines
Peleliu Expeditionary Strike Group
USS Peleliu (LHA-5) a Tarawa-class amphibious assault carrier
USS Pearl Harbor (LSD52) assult ship
USS Dubuque (LPD8) assult ship/landing dock
USS Cape St. George (CG71) guided missile cruiser
USS Halsey (DDG97) guided missile destroyer
USS Benfold (DDG65) guided missile destroyer
Carrier Strike Group Two
USS Theodore Roosevelt (DVN71) nuclear powered supercarrier
with its Carrier Air Wing Eight
Destroyer Squadron 22
USS Monterey (CG61) guided missile cruiser
USS Mason (DDG87) guided missile destroyer
USS Nitze (DDG94) guided missile destroyer
USS Sullivans (DDG68) guided missile destroyer
USS Springfield (SSN761) nuclear powered hunter-killer submarine
IWO ESG ~ Iwo Jima Expeditionary Strike Group
USS Iwo Jima (LHD7) amphibious assault carrier
with its Amphibious Squadron Four
and with its 26th Marine Expeditionary Unit
USS San Antonio (LPD17) assault ship
USS Velia Gulf (CG72) guided missile cruiser
USS Ramage (DDG61) guided missile destroyer
USS Carter Hall (LSD50) assault ship
USS Roosevelt (DDG80) guided missile destroyer
USS Hartfore (SSN768) nuclear powered hunter-killer submarine
Carrier Strike Group Seven
USS Ronald Reagan (CVN76) nuclear powered supercarrier
with its Carrier Air Wing 14
Destroyer Squadron 7
USS Chancellorsville (CG62) guided missile cruiser
USS Howard (DDG83) guided missile destroyer
USS Gridley (DDG101) guided missile destroyer
USS Decatur (DDG73) guided missile destroyer
USS Thach (FFG43) guided missile frigate
USNS Rainier (T-AOE-7) fast combat support ship
Also likely to join the battle armada:
UK Royal Navy HMS Ark Royal Carrier Strike Group with assorted guided missile destroyers and frigates, nuclear hunter-killer submarines and support ships
French Navy nuclear powered hunter-killer submarines (likely the Amethyste and perhaps others), plus French Naval Rafale fighter jets operating off of the USS Theodore Roosevelt as the French Carrier Charles de Gaulle is in dry dock, and assorted surface warships
Various other US Navy warships and submarines and support ships. The following USN ships took part (as the "enemy" forces) in Operation Brimstone and several may join in:
USS San Jacinto (CG56) guided missile cruiser
USS Anzio (CG68) guided missile cruiser
USS Normandy (CG60) guided missile cruiser
USS Carney (DDG64) guided missile destroyer
USS Oscar Austin (DDG79) guided missile destroyer
USS Winston S. Churchill (DDG81) guided missile destroyer
USS Carr (FFG52) guided missile frigate
The USS Iwo Jima and USS Peleliu Expeditionary Strike Groups have USMC Harrier jump jets and an assortment of assault and attack helicopters. The Expeditionary Strike Groups have powerful USMC Expeditionary Units with amphibious armor and ground forces trained for operating in shallow waters and in seizures of land assets, such as Qeshm Island (a 50 mile long island off of Bandar Abbas in the Gulf of Hormuz and headquarters of the Iranian Islamic Revolutionary Guards Corps).
The large and very advanced nature of the US Naval warships is not only directed at Iran. There is a great fear that Russia and China may oppose the naval and air/land blockade of Iran. If Russian and perhaps Chinese naval warships escort commercial tankers to Iran in violation of the blockade it could be the most dangerous at-sea confrontation since the Cuban Missile Crisis.
__________________
I hope everyone has a good week here and we get some transparity in the production numbers. GLTA
I see the TTCH web site is gone for now, you think they may be up-dating it????
The last few posts were very informative as I see many others asking the same questions. Sorry that I have nothing to add as to the problem of no comunication from the company. Stogie pretty much said it all and I am in agreement. Pizza believes shares are being sold and that also could be the problem. We are in the middle of the drilling season, Larry and crew are busy with the wells and have no time for shareholders.I will use that reason for now,but I am very uncomfortable with my investment at this time.I know many here have put their faith in Larry and I really do hope ALRY will begin to communicate with investors.GLTA
What I want from the company is to know whats going on, but some here think thats asking to much. Something is just not right here.
OK, Larry is concerned about pps, so I guess that is why they don't pass on any information to investors about production. Yes, that makes sense, hold all information from investors so that the pps will go up. I'm sure Larry has a very good reason for keeping us in the dark.
REAZO, I sure do like the way you add. I agree with your math. Hemi certainly does appear to be undervalued.
Sorry, Pizza, but I don't agree. We need some kind of positive news here if we are going to go anywhere. The company is sitting on their hands for whatever reason, you & I both know that all this non-reporting on producing oil is not good for investors. I did like the close at .03 today and maybe there is an insider buying. At times like this when ALRY should be talking but aren't makes me think they are allowing the price to go down so that the insiders can buy before the news hits. It may just be me but I really don't trust many people these days. Am sure of all people you understand what I am saying.
All that you mentioned I just took for granted, I know that checking out the best places to drill will take time. I am not rushing Hemi to do all that needs to be done, however, I was hoping that it could be accompished this drilling season. Sorry if I didn't understand your question, but us old farts take a little longer.lol
What is going to be required is for the Collins well to be a great producer and it sounds to me like that is happening.
Big Mur, Hemi's production numbers have not been posted for about 6 months, so like many I can only come to the conclusion that they are nothing to brag about, but are enough to keep them cash flow positive. I know the Hemi plan is to build reserves for a possible buy-out, however increased production at this time would help support pps.We all know Hemi has a lot going on now and I see good things in the future. I am not asking Hemi to change their game plan, only asking them to drill and produce enough oil to make sure they have all the money that will be needed to carry it out without having to increase shares.GLTA
Let us hope that KA follows thru with what he stated in the pr. Note he did not say this year or next. It has been rumored that the increase in shares were for more drilling and I hope this is the case.
Due to the results of the Hemi Collins 1 well and quality of the formation, the Company will focus on the leases it has in the immediate area, crews are now staking new drill sites and intend to drill in the area of the Collins lease as we have leases on both sides of the creek
If Hemi took that 1 MIL. and drilled 20 more wells on their newer leases and production were to go way up we just might be sitting at 2.00 pps, I'll take the 20 wells. lol
June 2 pr for hmgp states:
We own 100% working interest and 80% Net Royalty of these these two virgin leases, as for all leases we own
Big Mur, excellent post.
Thanks zguy, I think we have both been in agreement on this point for a long time, you just have a better way of saying it. GLTA
Have never sold a share and before it gets to $100.00 there may be a buy-out. I'm holding for the buy-out.
Pizza, I never did like that saying, most here have patience but more info is needed, and as you have asked in the past, what PERCENT does ALRY own in the wells. Not going anywhere, but not buying more shares until I get some answers.
The extrapolation of the results from the three wells, management believes, will add significant production and reserve values to our lease holding in southeast Kansas. Management's beliefs are based on well logs, coring and drill cutting samples, reserve report information and confidential information obtained from government sources, service companies and vendors in this area of Kansas. Therefore, the artificially low market cap is subject to being revised upward based on all the above significant events near term
Some might say that putting information like this on the board is pumping the stock. I say it is putting the facts out for all to see. When people come to the board and ask why we are sitting at .05 they need to go to Hemi's web site and read about the problems they had last year with the floods in Kansas. All of that has changed now and Hemi is on the road to recovery, they have many things going for them now, and I expect to see the pps go up from here. Don't take my word for it, go to their site and read the prs and decide for yourself.
Hemi has acquired, for cash, additional Barnett-Shale leases in Fort Worth since our press release on April 22nd. These additional checker-boarded leases will absolutely be legally necessary to be pooled with their leases before these two companies, with major urban development drilling programs, can begin to drill. The multi-billion dollar oil company, with home offices in Fort Worth, is also showing interest in our Barnett-Shale leases in Fort Worth.
Are we undervalued? I believe we are.
We own 100% working interest and 80% Net Royalty of these these two virgin leases, as for all leases we own. I do not believe there are many O&G companies that can make that claim.Hemi has made some good lease contracts.
I'll take Hemi and a little bit of ALRY
Due to the results of the Hemi Collins 1 well and quality of the formation, the Company will focus on the leases it has in the immediate area, crews are now staking new drill sites and intend to drill in the area of the Collins lease as we have leases on both sides of the creek
I am looking forward to hearing about more wells being drilled in this area. If we had say, three more wells of this type, what it would do for production if we could just get 50 bls a day from each well. I know, forward looking statement, however the possibilty is there and it adds to all the other great things that Hemi has going on at this time.
Great pr, looking for good things from Hemi.GLTA
I agree that Hemi's plan is looking good, I'm not blinking this week. I think there is some info that should send the pps higher, never sold a share because I've been waiting for this news.GLTA
I'm having problems seeing tonight, but I did see the pps go up on Hemi, just can't keep a good stock down for long.
Very good post zguy and I agree with you 100%. All that we need to know will come out when KA is ready.
I was just looking at the chart, and it looks to me like the pps wants to move higher. Locked and loaded for a good week in Hemiland. GLTA
This has got to be a record, three days and not one post, sorry can't let it happen. I believe the next couple of weeks may be good for Hemi, we have some info coming due that just might take us higher. I have a lot of faith in the Hemi business plan and think in time it will pay-off.