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NEWS 1-14-2019 ORHub Announces New Contract with Metropolitan Surgery Center in New Jersey
https://finance.yahoo.com/news/orhub-announces-contract-metropolitan-surgery-133100873.html
NEWPORT BEACH, Calif., Jan. 14, 2019/PRNewswire/ -- ORHub, Inc. (ORHB) (the "Company" or "ORHub"), a SaaS-based healthcare data analytics company focused on the business of surgery to improve the profitability of hospitals, ambulatory surgery centers (ASCs) and health systems today announces that ORHub has signed a new contract with Metropolitan Surgery Center in New Jersey.
"This new client win further expands our geographic reach into the east coast region and we are extremely delighted," said Colt Melby, Chief Executive Officer of ORHub. "Our national direct and indirect sales and distribution force have indicated that owners and operators of ASCs view surgical analytics as a high priority. It is evident that they strive to become centers of excellence in fiscal management while delivering the highest quality of care. Although still early, we are on the path to address a vast market opportunity of over 5,500 hospitals and 5,500 ASCs in the U.S. that conducts over 50 million surgical and non-surgical cases annually."
.....
Oil prices are rising... coming up from their recent lows. (See: https://markets.businessinsider.com/commodities/oil-price?type=wti ).
I wonder if this isn't in part because of this recent Wall Street Journal article that showed U.S. oil production being significant lower than earlier projections.
This could very well work in our favor as Fortem Resources begins moving from developmental to production stage in the 2019.
Here's the link and the text to the Wall Street Journal article:
https://www.wsj.com/articles/frackings-secret-problemoil-wells-arent-producing-as-much-as-forecast-11546450162
Fracking’s Secret Problem—Oil Wells Aren’t Producing as Much as Forecast:
Data analysis reveals thousands of locations are yielding less than their owners projected to investors; ‘illusory picture’ of prospects
By Bradley Olson, Rebecca Elliott and Christopher M. Matthews
January 2, 2019
Thousands of shale wells drilled in the last five years are pumping less oil and gas than their owners forecast to investors, raising questions about the strength and profitability of the fracking boom that turned the U.S. into an oil superpower.
The Wall Street Journal compared the well-productivity estimates that top shale-oil companies gave investors to projections from third parties about how much oil and gas the wells are now on track to pump over their lives, based on public data of how they have performed to date.
Two-thirds of projections made by the fracking companies between 2014 and 2017 in America's four hottest drilling regions appear to have been overly optimistic, according to the analysis of some 16,000 wells operated by 29 of the biggest producers in oil basins in Texas and North Dakota.
Collectively, the companies that made projections are on track to pump nearly 10% less oil and gas than they forecast for those areas, according to the analysis of data from Rystad Energy AS, an energy consulting firm. That is the equivalent of almost one billion barrels of oil and gas over 30 years, worth more than $30 billion at current prices. Some companies are off track by more than 50% in certain regions.
The shale boom has lifted U.S. output to an all-time high of 11.5 million barrels a day, shaking up the geopolitical balance by putting U.S. production on par with Saudi Arabia and Russia. The Journal's findings suggest current production levels may be hard to sustain without greater spending because operators will have to drill more wells to meet growth targets. Yet shale drillers, most of whom have yet to consistently make money, are under pressure to cut spending in the face of a 40% crude-oil price decline since October.
Companies whose wells appear to lag behind forecasts, according to the analysis, include Pioneer Natural Resources Co. and Parsley Energy Inc., two of the biggest oil and gas producers in the Permian basin of West Texas and New Mexico. The Journal's review didn't include some leading producers, such as Exxon Mobil Corp., because they didn't make shale-well projections.
Pioneer, Parsley and several other companies disputed the findings, saying the third-party estimates used by the Journal differ from their forecasts on key points such as the likely lifespan of shale wells.
Some companies, including major North Dakota producer Whiting Petroleum Corp., acknowledged the forecasts can be unreliable and said they were moving away from providing such estimates.
Another North Dakota driller, Oasis Petroleum Inc., said the projections it provided in investor presentations were estimates made as it tested drilling in vast tracts, including areas it has since abandoned. "It's not a science," said Richard Robuck, the company's treasurer. "It's more of an art."
Few U.S. shale companies disclose exactly how they make their forecasts -- the systems they use and the assumptions they make to estimate well-by-well production -- or whether their projections from years ago hit the mark. The fact that many have missed is an open secret in the industry.
"I certainly expect many of today's estimates will turn out to have been pretty optimistic," said Francis O'Sullivan, director of research for the MIT Energy Initiative, which has examined shale forecasting. He said the complex geology of shale basins and assumptions based on a small number of wells could make forecasts unreliable. "There is profound variability in the performance of these wells," he said.
Schlumberger Ltd., the oil-field-services giant, reported in a research paper that secondary shale wells completed near older, initial wells in West Texas have been as much as 30% less productive than the initial ones. The problem threatens to upend growth projections for America's hottest oil field, the company said in October.
Oil engineers and reserves specialists say existing data suggests there is a more accurate way to model well output. Operators, they say, must use more conservative assumptions about how quickly production will decline and how many wells can be drilled in a given area. Operators also should avoid making forecasts without a sufficient sample size of wells, they say.
Flawed forecasting doesn't mean U.S. oil output is about to drop. Shale wells reach peak production quickly and rapidly decline, so companies are constantly drilling new wells. But if thousands of shale wells produce less over their lifetimes, companies will reap less of a long tail than anticipated, requiring them to spend more to sustain output and making it harder for them to reach profitability.
Shale companies have attracted huge amounts of capital from Wall Street over the past decade. So far, investors have largely lost money. Since 2008, an index of U.S. oil and gas companies has fallen 43%, while the S&P 500 index has more than doubled in that time, including dividends. The 29 companies in the Journal's analysis have spent $112 billion more in cash than they generated from operations in the last 10 years, according to data from FactSet, a financial-information firm.
All oil companies are required to file estimates of total proven oil reserves with the Securities and Exchange Commission. Those estimates, governed by strict rules, generally only capture future reserves companies plan to tap in a five-year period. As the fracking boom intensified, many exploration and production companies looked for a way to persuade investors to value their prospects outside of that five-year window.
Shale companies began touting a metric known as estimated ultimate recovery, or EUR, in investor presentations. The estimates, often represented graphically by what is known as a type curve, project how much oil and gas wells are likely to produce over several decades, including the rate of decline.
The practice of promoting EURs became widespread after oil prices crashed in 2014 and producers, many in need of capital infusions from Wall Street, talked up their prospects. Wall Street's valuation of many shale companies, which had been closely tied to the value of their proven oil and gas reserves, began diverging.
At the end of 2007, the companies in the Journal's well analysis that existed at the time had an enterprise value, measured by market capitalization plus debt, of about 1.65 times the value of their proven reserves, according to company disclosures and S&P Global Market Intelligence data. Ten years later, that multiple had risen to more than 2.5 times, even though oil prices were much lower. Last year, the enterprise value of the 29 companies in the Journal's analysis was $360 billion higher than the value of their proven reserves.
EUR estimates from many companies were grounded on two assumptions: that they could pack wells closer together, squeezing more value from the land they leased, and that they could replicate their best early wells. The results to date suggest those assumptions were often wrong.
The Journal's analysis involves public data that at times gives an incomplete picture of well performance. North Dakota reports oil and gas production by well, but Texas only does so by land parcel. Third-party data providers must extrapolate to make up for that, meaning their data may not be as precise as well-level data maintained by companies.
The Journal relied primarily on figures from Rystad Energy, but consulted with several other third-party providers, including Oseberg Inc. and BLR Digital LLC, whose data pointed to similar conclusions. Those providers forecast well output over several decades based on early, publicly reported production data, taking into account typical decline rates.
When oil prices plummeted around 75% between 2014 and 2016, to below $30 a barrel, many shale companies used EUR estimates to try to persuade investors that the sector remained a strong place to put their money.
The production forecasts made by many companies were "dangerous" because they were based on a small population of wells, and the performance of individual wells varies significantly, said Norman MacDonald, a natural-resource specialist at asset manager Invesco Ltd.
"Companies were able to high-grade the numbers, show those to Wall Street, and the stock price went up accordingly," said Mr. MacDonald, a portfolio manager who has urged shale companies to prioritize profits over production growth. "Geology doesn't line up with Excel spreadsheets too well, unfortunately."
In September 2015, Pioneer Natural Resources, based in Irving, Texas, told investors that it expected wells in the Eagle Ford shale of South Texas to produce 1.3 million barrels of oil and gas apiece. Those wells now appear to be on a pace to produce about 482,000 barrels, 63% less than forecast, according to the Journal's analysis.
An average of Pioneer's 2015 forecasts for wells it had recently fracked in the Midland portion of the Permian basin suggested they would produce about 960,000 barrels of oil and gas each. Those wells are now on track to produce about 720,000 barrels, according to the Journal's review, 25% below Pioneer's projections.
Pioneer disputed the conclusions, noting that it assumes its wells will produce for at least 50 years, while Rystad Energy uses 30 years in its forecasts. Pioneer also assumes its well productivity will fall off at a slower rate than the 7% final decline rate Rystad assumes.
"We find it is simply impossible to compare the numbers due to the methodological differences," a Pioneer spokesman said.
Adjusting for those factors doesn't fully make up for the disparity in production forecasts. If Pioneer's wells produce for 50 years and decline at 5% annually, its current production trajectory would still be nearly 12% below the company's forecast of 849,000 barrels of oil and gas in the Permian, according to the Journal's analysis. In the Eagle Ford, estimated production would increase only slightly to 498,000 barrels, or 62% less than the company projected.
A spokesman for Pioneer said problems in the Eagle Ford in 2015 were "widely known," and the data shows the company's well performance has improved.
While it is difficult to know how long shale wells will remain productive, assuming tens of thousands of them will pump for 50 years without costly interventions to keep them flowing is extremely optimistic, according to specialists on reserves.
The oldest case study to date is in the Barnett shale in and around Fort Worth, Texas, where modern fracking began about 20 years ago. Researchers at the University of Texas and Rice University predicted that many wells in the region, which primarily contains natural gas, won't even produce for 25 years. About 73% or more of the total output of wells will come in the first decade, with little value coming after 20 years, the researchers said.
The decline rates of as low as 5% that some shale companies have adopted for their wells are optimistic, some academics and industry leaders say. Recent studies by Rystad and analytics firm analytics firm Wood Mackenzie Ltd. found that a range of 12% to 16% was the most common decline rate after about five years.
In 2014, Parsley Energy, an Austin, Texas-based producer, told investors its average well in the Midland section of the Permian basin would produce 690,000 barrels, according to a review of Parsley's quarterly earnings presentations. By 2015, its estimates averaged 1,050,000 barrels.
Parsley is on track to miss its Midland well forecasts for every year from 2014 to 2017 by an average of 25%, according to the Journal's analysis.
"Responsible evaluation of the data shows that Parsley's historical well production has been consistent with expectations set forth in our public materials," said a Parsley spokesperson.
When calculating its estimates, Parsley includes other valuable hydrocarbons that come out of wells, such as ethane. In its analysis, Rystad doesn't include those hydrocarbons, known as natural gas liquids, because they aren't accurately captured in available public data.
Parsley declined to comment on how much of a boost its estimates get from such liquids. In recent years, the average increase in barrels from including the byproducts amounts to 10% to 18% in the Midland basin, according to third-party estimates.
Mark Papa, a fracking pioneer and chief executive of Centennial Resource Development Inc. in Sugar Land, Texas, said his company avoids forecasts because they create an "illusory picture" of a company's prospects. "A lot of type curves present a well's potential under perfect conditions," he said. "But in reality, the majority of the wells don't turn out that way."
Some companies said they were aware of flaws with the forecasting method and how it has been used, but that they provided the numbers to meet demands from analysts and short-term investors such as hedge funds. Some said that if they didn't, their stock would underperform peers that made optimistic claims.
"You have to make projections," said David Lancaster, chief financial officer of Matador Resources Co., a top Permian driller. He said companies should revise forecasts that appear to be off target, disclose production ranges rather than specific estimates and avoid screening out poorly performing wells.
Matador's average well in the Permian's Delaware Basin is on track to outperform forecasts in all three years the company provided them, according to the Journal's analysis.
Denver-based Whiting Petroleum is de-emphasizing its production estimates at the direction of its chief executive, Bradley Holly. Mr. Holly, who became CEO in November 2017, said the company is now more focused on generating cash, lowering debt and maximizing a well's returns early in its life.
"Your return will really be made in the first two to three years," he said.
One reason thousands of early shale wells aren't meeting expectations is that many companies extrapolated how much they would produce from small clusters of prolific initial wells, according to reserves specialists. Some also excluded their worst-performing wells from the calculations, which is akin to eliminating strikeouts when projecting a baseball player's batting average.
"There are a number of practices that are almost inevitably going to lead to overestimates," said Texas A&M University professor John Lee, an expert on calculating oil and gas reserves.
Many reserves specialists have advised companies to provide a potential range of outcomes based on their internal analyses, a common practice in statistics that better accounts for uncertainty.
Academic research has suggested that data from at least 60 wells, producing for six months or more, would be needed for accurate forecasts. Yet some companies and analysts have made predictions based on fewer than 10 wells.
At a July presentation Mr. Lee gave in Houston about techniques that could produce more accurate shale forecasts, one participant stood up and challenged the engineers in attendance.
"Why aren't we doing this?" the man asked several times, according to Mr. Lee and two other people who attended the meeting.
"Because we own stock," replied another engineer, sparking laughter.
Check it the trades and trading range of SPYR today.
https://ih.advfn.com/stock-market/USOTC/spyr-inc-SPYR/trades
Hard to say for sure. Company has laid the ground work over the last year or two... see some of my prior posts.
What's kept me around is thinking about all their expenditures and development projects. It's makes no sense to make all those outlays if they weren't going to do anything with the company.
We've heard about the commencing their roll-up strategy in the last shareholder letter.
We've heard about an accredive acquisition, which means once accomplished, will result in SPYR generating substantial revenue and becoming a profitable company.
We've heard about a legal settlement that actually turned the litigant into an interested party that will benefit from the company succeeding.
We've had a couple amended S-1 that should all but finance the company into the future (assuming an appreciating stock price).
Looking further back they've developed a party system that can accept payments cryotocurrencies ... why? One would hope because of there will be used who find this advantageous.
Are there lots of moving parts? Absolutely. Could today's testing be an indication that SPYR's business plans are moving forward?
I'm hopeful... but we'll have to wait and see
Any best guesses on the size of the float?
Assuming with the share purchase agreement by which the current owners took control of the company... that would take 2.67 million shares...
and chances are, more than just minimal control would most likely be desired... like maybe 3/4 of the outstanding shares... that would leave the float at 1.34 million shares.
My guess is that the float is probably much smaller than that.
LOOKING GOOD THIS MORNING.
A sudden burst of buying...
Just under 15K shares bought at the ASK!
I'm fairly confident this means we'll see some additional buying... but who knows.
:)
ADDITIONAL INFORMATION ABOUT YESTERDAY'S ANNOUNCED PURCHASE AGREEMENT
https://ih.advfn.com/stock-market/USOTC/american-resources-corporation-AREC/stock-news/78986554/current-report-filing-8-k
We learn:
1. That they "SALE AGREEMENT" included a $3,000,000 loan at 5% interest, with additional balance available up to $6.5 Million.
2. Principle and interests will be repaid by a discount of $13.50 pretty ton of coal delivered.
3. Agreement protects both Integrity and AREC by resetting the price per ton up or down depending on market price a year from now.
"The price of each ton coal sold to Integrity is $97.00 from March 2019 to January 2020 and then from February 2020 to January 2021 subject to an index with a pricing collar of $80 to $120 of each ton sold."
I think this strategic agreement is BRILLIANT. It provides both parties work what they need. This is the Free Market in action.
I'm convinced that investors at this stage of AREC's development will be richly rewarded.
Some of their acquired properties have wells and are producing... but the goal is to further develop the properties and prove the reserves. This will give them bankable book value.
Essential to the company's plan is to raise a substantial amount of capital... some from equity and some for a percentage interest in the production. This will enable them then to move forward with their business plan.
NEWS... 1/3/2018 Starting the New Year off right!
American Resources Corporation Signs Multi-Year Metallurgical Coal Sale Agreement
https://finance.yahoo.com/news/american-resources-corporation-signs-multi-110000931.html
THE NUMBERS ARE IMPRESSIVE!
1. They have a commitment to purchase (resale) 50,000 tons of metallurgical coking coal monthly. That comes out to 600,000 tons annually.
2. The purchase agreement is valued at $58 Million Annually or $92 per ton (using the $110 Million over two years).
3. These 50,000 tons of monthly production represent 30% of this mine complex's production.
"The currently contracted tonnages under this agreement represent approximately 30% of McCoy Elkhorn Coal's metallurgical coal production capabilities based on forecasted capex over the next year."
4. PLUS "The customer has also provided a capital investment to finish the Carnegie 1 mine rehabilitation and expansion, as well as production at the company's PointRock mine." How much investment capital (NON-DILUTIVE) is involved. From the press release it's not clear, but comparing the annual value of year one to year two... I'm guessing they contributed $3,000,000 up front.
Looking to 2019 and beyond... the numbers are almost scary good:
If this 600,000 tons represents 30% if annualized capex tonnage, we can expect a minimum of 2,000,000 tons of total production OR somewhere around of $194,000,000 revenue for 2019. If I'm remembering correctly, they were projecting $45-50 Million revenue in 2018.
And that works out to a fourfold increase in revenue. Can you say 400% annualized growth?
AND... These projected numbers are only a projection of part of their overall production!!!
They have other mines and recently acquired properties are not included in these projections.
Hopefully. Though for now we'll have to be satisfied with increasing volume...
and hope that increasing volume precedes price! :)
All things considered... with volatility in the broader markets, we've held up pretty well. I'd rather we were trading higher, but we'll probably have to wait until we hear some substantial news.
You're welcome.
I wasn't able to find it on very most of my news sources. :)
Hoorah... the bids are back!!!
16.3k on the bid!
I'm thinking this is a good sign as it likely means that whomever was previously building a position in front of our anticipated financing is back at it.
I could be wrong but if you're needing liquidity and trying to sell some shares, I'd raise what you're asking... as I think it's going to becoming a seller's market.
NEWS OUT.... 1-2-2018
ORHub Announces Agreement with Arkansas Ambulatory Surgery Center
-New Facility Billing-
-Entrance into Ambulatory Surgery Center (ASC) Market-
https://finance.yahoo.com/news/orhub-announces-agreement-arkansas-ambulatory-133100029.html
ORHub Announces Agreement with Arkansas Ambulatory Surgery Center
New look to website.
https://www.orhub.com
That's interesting. Can you provide a link for that ?
Looks like the "powers that be" or those who know what's going on... seem to be supporting the stock and it's move north.
We shall see.
Anyone else concerned about the final Footnote to the financial statement???
It begins...
"During the preparation of the financial statements for the years ended June 30, 2018 and 2017, the Company noted multiple advances in an aggregate of $268,771 to our CEO, which raised concerns regarding the Company’s internal financial controls and procedures regarding such advances."
I should hope.
"SAC concluded its investigation on December 3, 2018 and determined that the Company had deficiencies in its internal controls and procedures during the period from January 1, 2018 to July 1, 2018 relating to the lack of oversight over our CEO’s payments to himself either in the form of salary or bonuses, and the utilization of the Company’s credit/debit card for personal expenses; and the lack of a written travel and entertainment (“T&E”) policy."
Darn now a "policy" in place and our CEO won't be able to grant himself bonuses, write checks to himself, and charge entertainment expenses to the company.
Oh wait... Here's the adopted "financial control"...
"(2) it adopted a policy to restrict payments of expenses that in the aggregate that exceed $2,500 without approval from the CEO or CFO;"
CRAZY.
Long last... June 30, 2018 UNAUDITED Financial Statement
https://backend.otcmarkets.com/otcapi/company/financial-report/209458/content
Some interesting stuff in there. :)
Personally, I don't think we'll recognize this stock in less than six months.
If and when we hear that financing is in place, I think we'll be off to the races and not look back.
From my perspective, I think the volume buying and selling over the last month or so had been pretty intentional. There are some folks willing to liquidate some shares and there are some folks looking for the stock to go to the next level. Until the buying and selling at these levels are completed, we'll hang out in this $2-3 range.
Afterward, I think we will trade at levels that reflect our actual value, revenue, and earnings.
Not sure what happened yesterday. Or if no where over a 50k shares trade and today. GCFB goes back to it's own boring self.
Any explanations?
News from last week... surprised nobody posted it.
PROTEXT PHARMA ANNOUNCES EXPANSION OF CANNABIS LICENSE AGREEMENT WITH MAJORITY SHAREHOLDER PLANDIA BIOTECHNOLOGY, INC.
Florida, USA -- December 7, 2018 -- InvestorsHub NewsWire -- Protext Pharma, Inc. (PINKSHEETS: TXTM) ("Protext" or "the Company"), a biotech company engaged in the development of botanical medicines that are formulated with highly-bioavailable plant extracts, is pleased to announce it has executed positive amendments to the agreement with its majority stakeholder, Plandai Biotechnology, Inc. (PLPL), to clarify, modify and expand the license agreement held by the Company’s wholly-owned subsidiary, Cannabis Bioscience, Inc. According to the Company, these changes enable Protext to quickly ramp up building a platform to develop cannabis products in the US which would include developing both cannabis and hemp-based extracts for nutraceutical applications and have cannabis products ready for market inside of six months through a joint venture.
[...continues for several more paragraphs...]
https://ih.advfn.com/stock-market/USOTC/protext-mobility-inc-TXTM/stock-news/78845431/protext-pharma-announces-expansion-of-cannabis-lic
I've not interacted with requirements recentlyon the NASDAQ website regarding the Capital Market requirements, but my understanding is that you're not allowed to apply unless you meet the basic criteria.
I believe the application requires a $75k fee and then it's just passing their due diligence and minimum stock price for 20 days.
I'll research some more when I get in front of a computer and report what I find.
Yep, Yep. When this company grows up and starts firing on all cylinders, I think it'll be a thing of beauty. ;)
All good... company is laying a sound foundation both via growth and development of existing assets and acquisition of more.
I'm expecting the S-1 with the underwriters listed will be fully funded.
Revenue projections and profits are going to be fun to watch.
Good Step... Application Submitted to Up-list to the NASDAQ Capital Market.
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2018) - Fortem Resources Inc. (TSXV: FTM) (OTCQB: FTMR) (the "Company" or "Fortem") is pleased to announce that the Company has submitted its application to list its common shares on the NASDAQ Capital Market ("NASDAQ"). By up-listing to the NASDAQ, the Company believes it will gain new exposure and access to a larger base of retail and institutional investors in both the US and internationally. ...
https://finance.yahoo.com/news/fortem-resources-inc-announces-submission-140000493.html
It's been a long and gut-wrenching experience.
Here's hoping to better things ahead.
Unless something eventually happens, it seems to me that a lot of time, effort, product development, and expenses have been to no avail.
Plus, all along there's been funding sources close to the company, friends and family members, that have kept things going by continuing to support the company.
All this continues to give me hope that there's a significant invested interest to turn the corner and actually become the company they've discussed and talked about becoming.
Could that mean pennies to dollars? Sounds remote, but maybe. More likely, if they make any material progress... such as funding to complete their announced LOI acquisition, I think 50 cents to a buck is easily within reach.
Will it be this week, next week or sometime in the New Year? Who knows?
I vote for "this week."
Good information.
From a few days later... Guestimating the production and profitability of the Gidin Property in Alberta.
RandyKCMO ? Wednesday, 04/26/17 03:05:49 PMRe: FOODINI post# 563?0Post # of 1883
In trying to establish or ascribe a relative value of the recent acquisitions, I put together the following table: Shows up better in IBOX.
Fortem Resources (Ticker: FRTM)
Starting asset 8 sections (5,120 acres) Viking play in Compeer Central Alberta unknown 32,000,000 sharesoutstanding
April 11, 2017
20 Sections (12,960 Acres) of Oil and Gas Leases in Northern Alberta PAID: 21 Million shares valued at $2.00 Per Share (+3 mil more)
TOTAL VALUE: $44,000,000
TOTALS AFTER DEAL: 53 Million shares outstanding $44M/53M
VALUE PER SHARE: $.83
Apr 17, 2017
165,000 Acres of Oil and Gas Leases in the Moenkopi Formation, Utah PAID: 20 Million Shares valued at $2.00 per share Plus $2.4 Cash
TOTAL VALUE: $42,400,000
TOTALS AFTER DEAL: 73 Million shares outstanding $86.4M/73M
VALUE PER SHARE: $1.18
Apr 21, 2017
Interest in 101,888 Acres of Oil and Gas Leases in the Mancos Formation, PAID: 20 Million shares valued at $2.00 per share Plus $2.15 Mil Cash TOTAL VALUE: $42,150,000
TOTALS AFTER DEAL: 93 Million shares outstanding 128.5M/93M
VALUE PER SHARE: $1.38
The assets being purchased by Fortem Resources are being purchased because they believe their developed value will be a multiple of what they are paying for them.
For instance, just the Northern Alberta property... if their projections are correct and its production is anywhere near Brintnell Project that is currently producing 50,000 Bopd... just do the math. Even at 1/2 that production that would be:
25,000 bopd x $50 per barrel x 365 day ='s $456,250,000,000 total revenue per year.
I'm not sure how much of that becomes profits, but even if 1/2 does $250 Million divided by 93 million shares is an annual profit of $2.68 per share. A PE ratio of 10 would value FRTM at $26.80 per share.
AND THAT'S JUST ONE OF THESE ACQUISITIONS!!
This post is from April 2017 when we first acquired the Godin Property:
RandyKCMO ? Wednesday, 04/19/17 03:59:58 PMRe: None?0Post # of 1882
Hey... doing a little research...
In the April 11, 2017 news release about acquiring the Northern Alberta property. In the second paragraph they state:
"Colony's Godin property is located between the 13-27-082-02W5/0 well and the Brintnell project where CNRL is producing approximately 50,000 Bopd from the Wabiskaw Formation."
Well, I googled Brintwell Project and check this out on Google Earth"
Copy and paste OR Click on this:
https://www.google.com/maps/place/Brintnell+Camp/@56.0489908,-113.4118456,56203m/data=!3m1!1e3!4m5!3m4!1s0x53a4a86ca73b5191:0xdb98c8148070008d!8m2!3d55.9661654!4d-113.388639?hl=en&authuser=0 ;
Guess what all of those little white squares are?? They're NOT houses.
From what I can tell they're oil well pads. FTMR believers their property contains similar prospects. They say (third paragraph):
"Our review and due diligence of the Godin Heavy Oil property has revealed that there are many similarities between the two areas in the Wabiskaw formation. The Godin play is analogous to the CNRL Brintnell Project in that the proposed Godin development is analogous to the Brintnell in depth, porosity, oil saturation and structure."
"Our review and due diligence of the Godin Heavy Oil property has revealed that there are many similarities between the two areas in the Wabiskaw formation. The Godin play is analogous to the CNRL Brintnell Project in that the proposed Godin development is analogous to the Brintnell in depth, porosity, oil saturation and structure."
Seems to me that FTMR had built a strong base in the low $2's and is preparing to trade higher.
I could be wrong and there might be another 20k shares (it whichever finite number you like) willing to come our at these levels, but your risk is building s larger position at a bargain price.
Get in the board or get out if the way. I don't see much that's going to hinder FTMR.
If I had to guess, I would say the current 4000 share offer at $2.29 is a marketmaker that's short, trying to shake out shares at $2.28.
If this was as retail seller, why wouldn't he or she just wait for the buyers to take out the offer at a higher price??
Looks to me like there's some serious UMPH behind FTMR's trading the last few days.
As I've said before, I think now is the time for patience good shareholders. Let the company do its job and in time this company will grow into it's potential.
If you want to sell some shares, pick your price and be patient, let the buyers come to you. :)
If everything continues moving in the right direction, we could all get in for the ride is a lifetime.
It seems to me that the trading is FTMR had fundamentally changed in the past two days. Who knows for sure, but it seems to me that some make players have taken an interest in Fortem Resources.
For weeks and months our average volume had been 5000-10000 on a good day, often less than that on average days. NOW in the last two days we've traded substantial volume is 75,000 to over 100,000 shares.
It seems to me that one of the exemptions granted to FTMR for their TSX listing was share distribution (number is shareholders). I'm wondering if that matter is not being taken care of.
Have to say I'm a little jealous. There was apparently a legacy shareholder who sold out part of their position at $6.05 this morning.
It looks to me like they (or their broker) entered a market order for 1000 shares and they triggered through the active orders down to $6.05. There were 200 sold at $8.25 and then 800 at $6.05. I'm wishing I was the one bidding there. :)
Soon after the transaction took place the bid price returned to $11 plus per share.
Who knows, but with the volume and recent news, I'm surprised we haven't seen the price share price increase.
Almost seems like dilution it's taking place... or is that assumed by the board regulars?
Otcmarkets.com says 204 shareholders.
https://www.otcmarkets.com/stock/SING/secur
However IHUB reports there are 491 people following the stock.
My guess is that otcmarkets.com is low.
We'll get through this. Hopefully smiling.
You're not the only one .
I hate when the cost of an education costs so much.
These are all great additions to AREC's Board of Directors...
BUT... it seems to me among the reasons a company like AREC would want to increase their Board of Directors with "Independent" or unrelated folks like these... is because this is also a requirement to uplisted to a major exchange.
The Release didn't mention this... but I think it's a pretty good guess.
NEWS American Resources Corporation Appoints Independent Board of Directors
November 15, 2018
Highlight:
"American Resources Corporation (OTCQB: AREC), a mining company focused on the extraction, processing, transportation and selling of metallurgical and premium thermal coal, is pleased to announce the appointment of three new independent members to its Board of Directors. Joining the Board of Directors are Randal Stephenson, Ian Sadler and Courtenay Taplin.
""We're very excited about the addition of these accomplished executives to American Resources' team", stated Mark Jensen, Chief Executive Officer of American Resources Corporation. "Their individual expertise and collective guidance will be instrumental in the continued execution of our growth objectives.""
Full Release:
https://www.irdirect.net/prviewer/release/id/3473324