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Welcome to you also dranes...
Always glad to see people posting on the board. I don't doubt a day is coming when we will 50 to 100 or more people following this company. It providing a unique opportunity for those coming on board early.
We've been trading at these levels for over a month and there is really very little stock out there. Once significant buying comes into the market we will see it move up quite easily.
Also... if you're still researching the company website, while not fancy has some powerpoint-like presentations that describe what they believe to be the potential of the acquired assets.
http://www.fortemresources.com/
Welcome to the board...
Most of us here are quite encouraged by recent events. I think if any one of these acquisitions delivers, we have a slam dunk. If multiple of the companies produce results it goes from exciting to almost unbelievable.
We shall see. More information coming together.
The recently filed 10-K has lots of information:
https://ih.advfn.com/p.php?pid=nmona&article=74830338
Well, that means Mr. Bruner owns 47,500,000 shares... For which he's been. paid $95 million.
The only way this works for him is if it works for us. In fact most us own our shares for less than his investment price.
Not sure if you can see Level 2, to today the offer of $2 and $2.10 were almost balanced by a bid of over 5000 shares at $1.85. If folks were serious about selling I think that they'd sell some at $1.85.
Who knows, but I don't think it will be long until the $2 shares are but a memory.
Remember when it was trading between $.65 and .75? And then it wasn't.
Go FRTM!!
RyGuy... if you go back and read over the acquisition press releases, each or most included the obligation to prove and test the reserves.
I don't know, but I would guess we will hear more about the potentials and plans in the weeks to come.
Hey Josey...
I wouldn't say snatched up... these shares were issued in exchange for assets (and it looks like a big and potentially valuable asset). Again, the shares of FTMR are being spent to acquire assets... at a valuation of $2.00 per share (as the press release (and SEC.gov Files 8-k) says).
And what was acquired?? Apparently, 465 square kilometers of prime mining territory in Myanmar Mining Project. Which, if my math is correct, comes out to about 180 square miles of prospective gold mining.
If you want to extrapolate... that comes comes out to $166,666 dollars per square mile or $260 per acre.
The $30 million dollars comes out to 15 million shares. And what are shares worth? They're value or worth is what the folks accepting them value them at. It's remarkable really. Real hard assets are being acquired, or purchased and exchanged for shares of our company.
Again... this is what we as a company are paying for them... they will probably have a developed value that surpasses this by 5 or 10 times (or more). Eventually the share price will reflect that assets and their earning potential.
The 8-K of yesterday's Press Release has some extra information:
"At the initial closing of the City of Gold Purchase Agreement on May 17, 2017, MAB Resources holds 17,500,000 shares of our common stock, representing approximately 15.1% of our issued and outstanding common stock and JM Magna holds 17,500,000 shares of our common stock, representing approximately 15.1% of our issued and outstanding common stock."
"MAB Resources is owned and controlled by Mr. Marc A. Bruner. Mr. Bruner also owns and controls Blue Phoenix Energy, LLC, a Nevada limited liability company that owns 20,000,000 shares of our common stock."
"Together, Blue Phoenix Energy, LLC and MAB Resources own 37,500,000 shares of our common stock, representing 32.36% of our issued and outstanding common stock."
So, this Mark A. Bruner owns about 1/3 of the company and clearly has skin in the game. The decisions to this point make sense only so long as the company becomes successful.
I pulled the following quotation off a 2007 Investorvillage.com post:
Marc Bruner: Google this name and research this self-made billionaire. Imagine getting access to the IPO's and private placements in some of the energy companies he starts. Remember these investment opportunities are not available to the public but only select private investors, institutions, and banks. Marc has generated over 14 Billion dollars in revenue for his shareholders over the last 11 years and will be presenting at the next WMI m2 conference.
Google some of the companies Marc Bruner has founded, check their stock prices, and see for yourself:
Pennaco Energy Inc
Ultra Petroleum Corporation
Petro-Hunter
Falcon Oil and Gas
Mr. Bruner Bio: sourcewatch.org
(http://www.sourcewatch.org/index.php/Marc_A._Bruner )
Marc A. Bruner
Founder Gas and Oil Companies
Mr. Bruner, age 60, is the Managing Member of the MAB Resources LLC, an organization that is launching a global strategy for the exploration and development of unconventional oil and gas resources. Mr. Bruner has a strong track record of founding and developing unconventional energy companies. Mr. Bruner was a co-founder and is the current Chairman of Gasco Energy, Inc. (AMEX: GSX). Previously, Mr. Bruner was a founder and was the Chairman of Ultra Petroleum Corporation (AMEX: UPL). Mr. Bruner also co-founded Pennaco Energy, Inc., which was acquired by Marathon Oil (NYSE: MRO) in 2001.
Imagine having sat in a room with Marc when he was launching Ultra-Petroleum and having him explain the opportunity in detail. Then having him offer you private placement PRE-IPO!
Our participation in Strongbow/Fortem (Symbol: FTMR) is pretty much a ground level participation in what looks to be a pretty big deal. This Marc A. Bruner has done it before, i.e. he knows what he's doing.
To me it almost seems a little too good to be true. On one level, many of us would be thrilled to take $5 a share and run... but with the assets that have been accumulated and are being accumulated... and eventually developed to realize their potential, it's down right scary-in a good way.
I hope so... Not sure if any of your have noticed.... I had not, but the company website has had some additions since the last time I looked.
http://www.fortemresources.com
Each of the acquired properties are described with PowerPoint type slides and maps.
I looked at them on my phone, but a desktop or laptop would be better.
For most of us paper profits are nice, but I agree so long as this trades by appointment it's not overly impressive.
The word I've heard is there is big money behind the current developments and that will be big money coming in down the road. Stock is obviously tightly held or we wouldn't be trading here. I think that bodes well for the future.
We shall see.
Not bad... I was estimated that they're was now 100,000,000 million shares outstanding after the three acquisitions.
The first reported included the following Statement:
[B]"(2) Calculated based on 100,884,698 shares issued and outstanding as of April 17, 2017."
And...
Statement of Changes in Beneficial Ownership (4)
And a change in beneficial ownership. Each of these were related to the completed acquisitions.
Source: Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
MAINARDI ANGELA2. Issuer Nameand Ticker or Trading Symbol
Fortem Resources Inc. [ FTMR ]5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director __X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1503 COMMERCIAL DRIVE3. Date of Earliest Transaction(MM/DD/YYYY)
4/12/2017(Street)
VANCOUVER, A1 V5L 3Y1(City) (State) (Zip)4. If Amendment, Date Original Filed(MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned1.Title of Security
(Instr. 3)2. Trans. Date2A. Deemed Execution Date, if any3. Trans. Code
(Instr. 8)4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)7. Nature of Indirect Beneficial Ownership (Instr. 4)CodeVAmount(A) or (D)PriceCommon Stock 10000000 I Pacific Petroleum, LLC Common Stock 4/12/2017 J (1) 10000000 A$2.00 20000000 I Pacific Petroleum, LLC
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)1. Title of Derivate Security
(Instr. 3)2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)8. Price of Derivative Security
(Instr. 5)9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:(1) These shares were acquired as consideration for the sale of a membership interest held by Pacific Petroleum, LLC in Black Dragon, LLC.
Reporting Owners
Reporting Owner Name / AddressRelationshipsDirector10% OwnerOfficerOtherMAINARDI ANGELA
1503 COMMERCIAL DRIVE
VANCOUVER, A1 V5L 3Y1
X
Signatures
/s/ Angela Mainardi5/15/2017** Signature of Reporting PersonDate
Was Initial Statement of Beneficial Ownership:
Initial Statement of Beneficial Ownership (3)
Source: Edgar (US Regulatory)
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
MAINARDI ANGELA
2. Date of Event Requiring Statement (MM/DD/YYYY)4/7/2017
3. Issuer Name andTicker or Trading Symbol
Fortem Resources Inc. [FTMR]
(Last) (First) (Middle)
1503 COMMERCIAL DRIVE
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director ___ X ___ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Street)
VANCOUVER, A1 V5L 3Y1
(City) (State) (Zip)5. If Amendment, Date Original Filed(MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned1.Title of Security
(Instr. 4)2. Amount of Securities Beneficially Owned
(Instr. 4)3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)4. Nature of Indirect Beneficial Ownership
(Instr. 5)Common Stock 10000000 I Pacific Petroleum, LLC
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)1. Title of Derivate Security
(Instr. 4)2. Date Exercisable and Expiration Date
(MM/DD/YYYY)3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)6. Nature of Indirect Beneficial Ownership
(Instr. 5)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Reporting Owners
Reporting Owner Name / AddressRelationshipsDirector10% OwnerOfficerOtherMAINARDI ANGELA
1503 COMMERCIAL DRIVE
VANCOUVER, A1 V5L 3Y1
X
Signatures
/s/ Angela Mainardi5/15/2017** Signature of Reporting PersonDate
MY ESTIMATE OF FORTEM RESOURCES VALUATION OF ACQUISITIONS:
(I'm guessing we should see an SEC Filing... 10Q or 10K in the not too distant future... that should help firm up these numbers).
Fortem Resources (Ticker: FRTM)
8 sections (5,120 acres) Viking play in Compeer Central Alberta
Valuation: $10 Million? [Just picked a number--has to have some value]
Shares Issued and outstanding: Appr. 32,000,000 shares
Private Placements
Multiple dates .25-.70 per share
Total: $1,932,500
Shares Issued: Appr. 6,000,000 Average Price: $.32
Appr. Outstanding shares 39M
Combined Valuation: $11.932 Million / 32M ='s Book Value $.37
ACQUISITIONS
April 11, 2017
20 Sections (12,960 Acres) of Oil and Gas Leases in Northern Alberta
Issued: 21 Million shares valued at $2.00 Per Share (+3 mil more)
Valuation: $44,000,000
Outstanding: 59 Million shares
Combined Valuation: $55.9M/59M =’s Book Value: $.95
Apr 17, 2017
165,000 Acres of Oil and Gas Leases in the Moenkopi Formation, Utah
Issued: 20 Million Shares valued at $2.00 per share Plus Cash: $2.4 Mil
Valuation: $42,400,000
Oustanding: 79 Million shares
Combined Valuation: $98.3M/79M =’s Book Value: $1.24
Apr 21, 2017
Interest in 101,888 Acres of Oil and Gas Leases in the Mancos Formation
Issued: 20 Million shares valued at $2.00 per share Plus Cash: $2.15 Mil
Valuation: $42,150,000
Outstanding: 100 Million shares
Combined Valuation: $140.5M/100M =’s Book Value: $1.41
Keep in mind these numbers are based on the cost of acquisition... not the potential or developed valuation... which we think will be much higher.
Welcome. Most of those on the board are pretty bullish on FTMR's future. Word is that more acquisitions and eventually disclosure of the people involved with the company's new direction.
To whet you appetite see the chart on the IBox about the acquisitions so far. Fortem had already become a company with over a $100,000,000 work of assets... and none of these assets are intended to simply be static provide book value. These assets will become income and profit producing.
Who knows for sure, but I expect we'll hear more about the potential of the acquired assets and what the development plans will involve.
Their shares are being valued at $2 for the recent acquisitions... I expect a day will come when we will acquire properties at higher dollar valuations.
All the best!
Here's a part when I guesstimated the number is shares outstanding to be 37-8 million.
Oh yeah. I'll have to go back and factor those in. I think I posted an estimate of that number a while back.
I don't know much about that... but I have heard there's pretty good data and money begins this while endeavor.
If you read the recent press releases, I think a couple of them include the obligation to drill multiple goes... Plus some have actually hit oil already.
Hey, I'd be interested in your thoughts on my attempt to project the value of the recent acquisitions.
Check out my recent post... I also edited the IBOX a bit to try account for the value of the recent acquisitions.
Pretty exciting!
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 shares outstanding
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!!
I've been impressed that the two Utah acquisitions have actual verified oil and natural gas wells already on the prospects.
So the expectation, is that these will be enlarged and improved.
Not sure if you're interested but another company I'm pretty excited about is FTMR... seems there's pretty big money and a pretty big plan in the world.
Randy
How did I now see this on Friday? Another acquisition!!!
http://finance.yahoo.com/news/fortem-resources-inc-acquires-interest-162921312.html
Fortem Resources Inc. is pleased to announce that on April 17, 2017, it entered into and closed a Membership Interest Purchase Agreement with two arm's length vendors to acquire 100% the membership interests ...
Just checked on. Surprised. Have you seen big blocks trade or just pounding at the bid?
As would we all. :)
I've been rethinking my previous post...
I now think that today's (April 19, 2017) Form D filing is for BOTH acquisitions. Totalling 21 Million shares valued at $2.00 per share... or $42,000,000 total.
April 11, 2017 Fortem Resources Inc. Acquires 20 Sections (12,960 Acres) of Oil and Gas Leases in Northern Alberta
"In consideration for the acquisition of Colony Energy, we issued an aggregate of 21,000,000 shares of our common stock to the three vendors on the closing date and agreed to issue an additional 3,000,000 shares on a post-closing basis with 1,000,000 shares to be issued to one of the vendors on the first, second and third anniversaries of the closing date."
From April 17, 2017 Fortem Resources Inc. Acquires 165,000 Acres of Oil and Gas Leases in the Moenkopi Formation, Utah
"In consideration for the acquisition of Black Dragon, LLC, the Company issued an aggregate of 20,000,000 shares of its common stock to the two vendors on the closing date and paid US$100,000 prior to the closing as a non-refundable deposit."
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."
And as you can tell, there's not much float for sale at these levels. If you're interested, you might want to buy what you can at $2.00 as I don't think there will be many sellers from those of us expecting higher ground ahead.
I think this is getting more interesting by the day. The two sales of securities in recent filings are how the acquisitions were paid for.
The first acquisition for $720000 was stock issued for the first deal..
The $42,000,000 was the stock and cash issued for the second deal.
Huge assets coming into the company for stock.... STOCK!! What's the stock worth? What's it's being perceived being with by the sellers.
It's a currency. Company and major players obviously have a plan in place and believe the company will be worth substantially more in the future
!
Not sure if your noticed, but you're question was answered by genstock.
Hey Bone... did you play it long on the way back up?
There's no more shares being added to the market, and the available shares are being bought and held.
This dwarfs what we acquired last week.
80% interest in 258 square miles of prime oil and gas producing land...
Tell me more!!
WHAT!!?? No one has shared this mornings news. Yeah about an undiscovered gem!!
http://finance.yahoo.com/news/fortem-resources-inc-acquires-165-133000161.html
Fortem Resources Inc. is pleased to announce that on April 12, 2017, it entered into and closed a Membership Interest Purchase Agreement with two arm's length vendors to acquire all the membership interests ...
Fortem Resources Inc. Acquires 20 Sections (12,960 Acres) of Oil and Gas Leases in Northern Alberta
As shares are basically currency. In the transaction to acquire 100% of these properties... three different companies... have sold their interest in their oil and gas properties for $2.00 per share.
Blue Phoenix Energy, LLC (41.7% interest)
Pacific Petroleum, LLC (41.7% interest)
and Grassy Butte, LLC (16.7 % interest)
have valued their interest in a proven oil and gas property at 44 million shares at the price of $2 per share or $88 Million total.
By my count... this means we presently have around 81 million shares outstanding and we are now able to develop or farm out the development of this property into revenue and income.
AND NOTICE this is NOT A LETTER OF AGREEMENT... this acquisition has been completed on the day the agreement was announced.
Go FTMR!!!
Whose next? Time will tell. No doubt early acquisitions stand to benefit the most from share appreciation values.
Agreed TheBro. Although the company is still developing its products, it already has some products in the field... functioning.
I'm hoping that one of these days, we will hear about additional hospitals signing up and perhaps an update from the company how things are going.
Although it has not yet been monetized (little sales revenue), it seems they really are meeting a niche market. Assuming they can adequately meet this need and then increase market share, they will have a pretty bright future.
Hey... Spartan Securities (MICA) is no where to be seen.
I wonder if their client has exhausted their 3 million plus 33 cent warrants. Maybe they blew out the last of them with the big volume days we've seen in the last week.
The stock certainly seems to be trading differently today... you know like there are real buyers and sellers. ;)
I own shares from warrant exercise for long term... but am thinking I'll be able to buy more trading shares for less. :)
Hey Bonehead... Thanks for the heads up... I had picked up a position at .35 to trade. Decided you very we'll have something to you so moved out of the position the last couple days.
Glad about this at the moment. :)
I'm still dumbfounded on the whole. So far as I know there have been no shares available under .33 to anyone.
I'm pretty sure once the shorting/selling is done it should bounce when they stay to cover.
Nothing fancy... but I've updated the Ibox.
Other than some links to information available other places... not a lot of info available.
Regards.
Maybe I'll pin my earlier post about the financing.
Thoughts?