Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RE Quiet buying......This is just how a stock bottoms after a prolong downtrend. Nothing happens but sideways trading. A few buyers on bids and a few sellers. It has been 26 market days since IPIX hit it's low price in late November; so the bottoming process has a very good start. The longer it traces sideways the better, because the longer the bottom, the higher the new uptrend can go. JMO!!!
Torchlight Provides Update on Fracture Stimulation Results on the A35 #1H Well
PLANO, TX / ACCESSWIRE / January 8, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH) ("Torchlight" or the "Company"), today announced that the Company is flowing back frac fluid on the recently completed Cactus A35 #1H well and is seeing an initial positive oil and gas result early in the process.
Following a discontinuous contractor schedule during the holidays, Maverick Operating installed tubing and an electric submersible pump in the last four days and has begun pumping back frac fluid load on the Cactus A35 #1H well. This pump is designed to move 500 barrels of liquid per day. Fracture stimulation load water was 9,900 barrels used in the single stage short lateral. A smaller pump is being utilized based on the frac size and a variable speed drive is also installed allowing for the increase or decrease in production volumes based on well conditions. The well is currently producing 160 to 180 barrels of fluid per day with approximately 15% load recovery. Intake pressure remains over 1000 psi and the Company is anticipating increased hydrocarbon content as the frac load and intake pressure both decline.
"We are very encouraged to be seeing oil and gas shows from this well early in the frac flowback process," stated John Brda, Torchlight's CEO. "With the frac size and design used, we have stimulated both the matrix and fracture system in the Penn formation's dual porosity composition. Once we establish an Initial Potential (IP) production rate we will have necessary data to both estimate initial production potential and reserves from extended length laterals using multi-stage fracture stimulation techniques. The stimulation of this 100-foot lateral interval should provide us the evidence required to prove commercial viability in the oil window of the Pennsylvanian formation, which is critical to project marketability."
About Torchlight Energy
Torchlight Energy Resources, Inc. (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. For additional information on the Company, please visit www.torchlightenergy.com.
https://seekingalpha.com/article/4315657-total-s-ignored-oil-supermajor?ifp=0&utm_medium=email&utm_source=seeking_alph
ERHC has a relationship with Total in at least 1 of ERHC's EEZ Blocks.
Krom....For those interested:
https://www.dignitymemorial.com/obituaries/tamarac-fl/jeffrey-hophan-8837956
We have buyers trying to buy on bids today. Good sign,imo.
Please read the following to see the results of the continuing move to Technology advances in Oil and Gas production.
https://www.rigzone.com/news/this_isnt_your_fathers_oil_and_gas_rig_count-07-jan-2020-160726-article/
I posted yesterday about 18 different companies who had come back to the pink sheets from the grey sheets. Earlier someone had posted that only 7 companies out of 3000 had been able to be restored to the otc markets from the grey sheets over several years. And there had been a discussion of whether or not ERHE could ever be publicly relisted; so i thought since ERHE is on the grey sheets this was important information so i posted it. Sorry admn.
Garyst ...here are a couple of links:
https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf
https://webfiles.thecse.com/2019_1121_Romgaz_update.pdf?Wrm7BxXrMTpsK2ZDehz1zNcn2Or5Tm7C
https://thecse.com/en/listings/technology/micromem-technologies-inc
Newbes.....Check out MMTIF....New IIOT play....Big news Coming .....Look at Chart...Over 4 cents/share is breakout point for big % returns. JMO. Is this the Clay Trader MB?
Does anyone ever pay attention to Clay Trader??? I don't.
IIOT Play..MMTIF....Check Chart and watch for news. Over 4 cents a share starts a new uptrend. How does 100X sound. JMO!!!!
AERG is also a Military Defense play and they already have patents issued.
Get ready....Check the chart....Breakout on MMTIF comes when news hits. JMO!
LongMMTI...."I’m wondering whether the hold up with Chevron is related to them waiting to roll out their entire IoT strategy/program." That might be. But it would not be a major hold up, IMO.
IMO, a contract for units with Chevron is now a certainty. And Romgaz is close to that status also. And there will be other Oil and Gas companies also. MMTIF will become an overnight sensation that only took 8 years to develop.
BTW everything previous to 2012 does not count for me. The focus on IIOT products came along when Chevron became active with MMTIF. JMO!!!
Over .04 cents/share is still the break out price for a new long term price uptrend that will lead to much higher prices....100X is doable IMO.
Jorobo.....Need positive News.
Look at the chart above.....That is a very interesting chart, isn't it????
Read what Chevron said about MMTIF's Technology:
https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf
Read what Chevron said about MMTIF's Technology:
https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf
Where have all the sellers gone. Must be a reason.....HMMMMM!!!!
deast....Thanks
knuts4oe....OK Thanks. But i did not see an explanation that said that. Can you post a link? TIA!!!!
deast....When i tried that site ....3 bottles were $599. Can you provide a link to 3 bottles for $199. TIA.
Really interesting article about Total's Egina Field in GOG:
https://oilprice.com/Energy/Energy-General/Europe-Cant-Get-Enough-Of-This-Popular-Crude.html
Very good market action so far today....Looks like we may still have some of those Debenture shares being sold for tax losses; so take advantage of this opportunity. When those are gone the share price will quickly move higher, JMO!!!
MMTIF..NO pump....Real deal...i trust my research. Check it out...
MMTIF....NO pump...Just facts....04 cent/share breakout coming...Do a little DD...I trust my research. The ground floor opportunity will not last very much longer...JMO!
Guys...I am not pumping....MMTIF is the real deal.....Check it out. I already have my shares.....And i KNOW my research is spot on.
LongMMTI.....I agree with you. But it makes sense to me that any buyout is a year or two away as it will take a period of time to price MMTIF's value into the share prices. And that would be to the advantage of the buyer as well as to the MMTIF shareholders. We need a respected thought leader to model the value and make it known to the investment world so that valuation takes process in an orderly manner. And MMTIF needs share values that will allow an upgrade to more stable market exchanges. All JMO!!!
LongMMTI.....This stock is the biggest bargain i have ever seen and virtually no risk at the low share prices. Less than $10 million market cap. Next year cash flow will exceed current market cap by a factor of 5X to 10x, imo. I am very grateful that we have had the opportunity to buy millions of shares during the last year.
The Q and A with the A part provided by CHEVRON spokesman was a real stunner. Much more opportunity than i ever expected. And Chevron's willingness to provide guidance to other Oil and Gas companies will greatly accelerate the realization of the adoption of this technology. All JMO!!!
Jorobo.....Good for you. IMO, you will make a lot of money. Thanks for posting. Any comment about what you heard could be useful to those reading this MB.
Yes we did...We added more shares today.
Time is short,imo. If you want, buy it. Or forever hold your piece. JMO!
PJOO&....Not likely...That supply is probably not approved for use in humans? Just MO.
My fearless stock price forecast for MMTIF....1 year...35X present....Yep!!! $1 /share. JUST MO!!!
$1 target...Chart breakout point .04 cents/share...Check chart and read this...Anyone...Great investment FINALLY....MMTIF...Read this report:
The results can be found at
https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR2019-1219.pdf. The Q & A gives an overview and a timeline of the work completed on the AROMA Tracer
analyzer technology (ARTRA 171) and its numerous uses in smart well technology and the Internet of Things
(IOT) applications.
$1 price target...MMTIF...4 cents is breakout point. Will happen soon...Check chart and read this....
Anyone...Great investment FINALLY....MMTIF...Read this report:
The results can be found at
https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR2019-1219.pdf. The Q & A gives an overview and a timeline of the work completed on the AROMA Tracer
analyzer technology (ARTRA 171) and its numerous uses in smart well technology and the Internet of Things
(IOT) applications.
Anyone...Great investment FINALLY....MMTIF...Read this report:
The results can be found at
https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR2019-1219.pdf. The Q & A gives an overview and a timeline of the work completed on the AROMA Tracer
analyzer technology (ARTRA 171) and its numerous uses in smart well technology and the Internet of Things
(IOT) applications.
Williamsc.....I agree with your reading as i reached the same conclusion. Don't feed big egos is what i have learned again.
Snowy...For the second time today....Hear,Hear.