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bcm had $195,309 income, $767,747 Expense, lost almost $600,000 in 11 months.
So the 1100 BOPM is a dream also?
I wonder how these guys are doing business in Texas without being registered? You can look it up online or call and confirm. I asked them if a company was producing oil and gas in Texas if they need to pay any taxes. She laughed, and ask if I was kidding. I told here no I was not, I was looking for a company that is claiming that they are selling oil and gas but I cant find a certificate, so she looked herself, said she couldnt find it so I gave here the information.
so the new company filed false reports?
Regrettably, I hate to inform you that North Texas Energy did not even exist until last Wed, the 12th. How could they have 1100 BOPM production?
Can you prove one quart of that 1100 BOPM? It is easily verifiable. API #, lease number? Anything.
If they lie and file false reports about Crows run, what else is a lie? If North Texas does not do enough DD to uncover lies, why would they not make the same mistakes in the future with investors funds? In other words, they did not do their DD on the reverse merger? Why trust them moving forward?
So now we have mystery oil, mystery revenue, and mystery oil leases. No verifiable evidence of anything tangible. Revenues, oil and gas sales and leases are well documented. Without proof, this does not look any different from anything of the past.
can anyone find a quart of oil OR A PENNY OF REVENUE that North Texas Energy has ever produced or not? SIMPLE QUESTION
Hey buddy, I have tried to find one hint of production or revenue for North Texas Oil, there is not any. Please provide a link if I am wrong.
North Texas Energy was just formed last week and has never produced a quart of oil. They are not registered as an Oil and Gas Operator with the State of Texas, and they office in a temporary Office suite. One question, what creditials or revenue do they have at all?
SO GSRE will have to take off its balance sheet $1,600,000 for crows investment and AEOH will have to write down $1,500,000 to correct the Crows run false statement of ownership.
North Texas Energy has never produced one quart of oil. In fact, they are not even a operator registered with the Texas Railroad Commission. IN FACT, THEY WERE JUST FORMED ON JANUARY 12, 2011. NO TRACK RECORD, NEVER PRODUCED ONE DROP OF OIL.
Nobody can prove the 1100 BOPM? Or is that a lie too?
can you show us the 1100 BOPM revenue? It is not on anyones financials submitted? NOONES.....SHow us a production report and revenue statement
They booked reserves on something they dont even own.
sir,did you look at the date on those reserves? 1997? LOL Not even close to accurate, that is 14 year old stuff man. LOL
North Texas Energy is not an operator in the State of Texas. Their address is a temporary executive suite.
GSRE is crashing since the news AEOH does not own Crows Run
sorry to inform you but someone posted Bialy's number and said to call him, AEOH doesnt own Crows run.
What valuable assets? I am confused, how do you have valuable assets on only $3,000 bucks? Did they want to merge and give away those assets as a gift just to be nice to people?
They have claimed reserves on reported financials on Crows run and never have owned it. I just checked with Texas RRC, North Texas Energy has no production in Texas.
Is there a reason Dr Baily has not disclosed his full past history?
Is there a reason this company filed reserve reports 14 years old? Are the wells depleted since then?
Watch out boys, the reserve report filed is a little out dated. LOL It is from 1997. ROTHLMAO These are some tired wells making very little now. North Texas has a total of $3,970 cash. LOL
Also, google DR Gerald Bailey and Joe Lanza, Blackdragon Oil. Why didnt he disclose his involvement with them? Or his involvement with Fortune, who was fined for Texas Railroad Commission Violations, and he is representing Fortune next month at the Money SHow. SO where is his loyalty, or is he just a name for hire? WIth a checkered past?
Do you have confidence in a guy who was in cahoots with Joe Lanza?
This Mr Bailey is quite a character. He claims to be big shots with numerous companies. Some are not even active or not in good standing with the Sec of State. He claims to be a big shot with Fortune Oil in Willis Tx, he is representing them at the Money Show next month. LOL Where is your loyalty Doc? On there web page, he claims to be an advisor to REOSTAR, they just took Bankrupcty, LOL I thought material facts needed to be disclosed in filings. Just google this cats name, his relationship with Joe Lanza should give you some interesting reading for a few days. SOmeone posted the lawsuit here on ihub. LOL quite interesting to say the least
AEOH now in debt $1,800,000 and the new company lost $591,000 in 11 months. Sounds like Dr Bailey may have figured a way out to lay of debts so the big shots can draw salaries.
sorry boys, this was a reverse merger. BCM now owns 80% of AEOH. And, they failed to disclose that this Former President of Exxon was involved with a Joe Lanza Company, Black Dragon Resources. Just google that and you will find he recently suddenly resigned to assume the CEO position of a MAJOR OIL COMPANY. LOL
" Change in Control
The issuance of 4,800,000 shares of the Company's preferred stock (with voting rights equivalent to common stock at a 20 to 1 ratio) to BCM results in a change in control of the Company. As of the date of this report BCM will beneficially own approximately 80% of the Company's voting common stock and common stock equivalents.
Do PR's put oil in the tanks?
Texas Southern Oil and Gas LLC, not in good standing with Texas Secretary of State
Wonder why he didnt metion he is a director of Fortune Operating, who had enforcement action taken for RRC violations, or Mina Energy, LLC ?
Where does is say this guy was president of Exxon?
Ward started a new deal, Gulfmark Energy Group. The did a reverse merger with Silver Butte Mining,
yea, you are correct, they lost 511,000 for the quarter ending Sept 30, 2010 up from 442,000 loss for the quarter ending Sept 30, 2009
windoug, you are banking on someone who is O fer, never had a penny revenue, never had production and put our false PR's. We heard all of this same BS with Jim Hale coming on board. blah blah blah, roll out the new plan, blah blah blah, live interviews, but if you ask the wrong questions, you are booted and it is not posted, LOL I remember asking Brandon about something and I was booted, LOL.
Go look at NAUG financials which he founded. WOW, 4mil in assests and 13 mil in liabilities, does not look good at all.
Started doing a little DD on Stan Wilson, check out AERN, you decide how successful this guy is. LOL
what lies? What rumors? Did you find out where the revenue went yet?
what is it you dont get?