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Treaty Energy Targets $12 Billion in Oil & Gas Opportunities
HOUSTON, TX -- (Marketwire) -- 11/11/09 -- Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, released today a letter from its President, Joe Grace, to update its shareholders and the investment community on the progress of the company.
To our Shareholders and other interested parties:
I want to take this opportunity to extend a Texas \"howdy\" to everyone.
Since my arrival at Treaty Energy a few weeks ago, we have developed a comprehensive business plan that we believe will enhance shareholder value and, just as important, will retain the interest of our shareholders for several years.
In our previous press release of October 29th, I mentioned that more announcements would soon be forthcoming, and I\'d now like to clarify that comment. Presently, we have initiated preliminary due diligence for eight programs that include locations in Kansas, Louisiana, Tennessee, Oklahoma, Texas, California, Illinois and Indiana, as well as one international opportunity located in Central America.
At first blush, all of these opportunities appear to be exceptionally good for Treaty Energy. However, as with any new business opportunity, we must first complete preliminary due diligence.
Keeping this in mind, and as part of our policy of corporate transparency, we have determined that if all of the above programs could be completed, the collective reserves would include approximately $7 - $9 billion in oil reserves and over 1 trillion cubic feet of natural gas reserves that would be valued at about $4 billion in today\'s market.
Certainly these are large numbers, but I would be remiss if I didn\'t also disclose that we are looking for additional opportunities, including an oil refinery.
The holiday season is fast approaching and I hope each of you has a Happy Thanksgiving. Please stay tuned for more TECO announcements.
Joe Grace, President
Treaty Energy Corporation
About Treaty Energy Corporation
Treaty Energy (TECO) is engaged in the acquisition, development and production of oil and natural gas. TECO acquires and develops oil and gas leases which have \"proven but undeveloped reserves\" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows TECO to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. TECO\'s headquarters are located in Houston, Texas. For more information, please visit our website at: www.treatyenergy.com
Forward-Looking Statements:
Statements herein express management\'s beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the company\'s filings with the Securities and Exchange Commission, including Forms SB-2, 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.
Contact:
Osprey Partners
Tel: 732-292-0982
Fax: 732-528-9065
investors@treatyenergy.com
Investor Relations:
Equiti-trend Advisors LLC
(800) 953-3350 toll-free
(858) 436-3350 local
Treaty Energy (TECO) is engaged in the acquisition, development and production of oil and natural gas. TECO acquires and develops oil and gas leases which have \"proven but undeveloped reserves\" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows TECO to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. TECO\'s headquarters are located in Houston, Texas. For more information, please visit our website at: www.treatyenergy.com
The lender for this acquisition and the planned Converse, Louisiana acquisition that was announced on October 29, 2009, is Midwest Capital Investments LLC. The financial arrangements are essentially the same for both transactions and were arranged by Dan Olson, Treaty Energy\'s newest board member.
This new lease has four (4) wells that are currently being re-entered after several months of being shut in. Production is projected to be 8 to 10 bbl per day per well. The seller is guaranteeing Treaty Energy a minimum of 4 bbl per day per well net for 12 months from the time the wells are fully reworked
TSX:TRR Trelawney Announces Chester Drill Program
TORONTO, ONTARIO -- (Marketwire) -- 10/28/09 -- Trelawney Mining and Exploration Inc. (the \"Company\") (TSX VENTURE: TRR) is pleased to announce the commencement of a 1,700 metre drill program on the Company\'s Chester Property located halfway between Timmins and Sudbury in Northern Ontario. The Chester Property was the site of extensive underground exploration on the #3 vein in the 1980s. Existing infrastructure include a production-ready (3 metres x 5 metres) decline with a length of 5,550 feet (1,675 metres) to vertical depth of 500 feet (150 metres) level, and over 2,300 feet (700 metres) of lateral development on five levels. Historical resources of 159,000 tons grading 0.43 opt (144,500 tonnes at 14.7 grams) were identified from the previous exploration activities. The Company has not completed sufficient work to classify the historical resources as current resources; accordingly these historical estimates should not be relied upon.
The majority of the exploration conducted on the Chester Property during the 1980\'s was located above the 200 metre level. The focus of the current drill program is to test the downdip extension of known gold bearing structures to a depth of 300 metres. Mineralization identified from this drilling may be accessed by extending the current decline. Previous underground exploration in the area encountered significant gold values as shown in the adjacent table.
--------------- --------------- --------------- ---------------------------
Hole Vein Grade (oz/t) Length (feet)(i)
--------------- --------------- --------------- ---------------------------
88U-74 3 0.15 4.0
--------------- --------------- --------------- ---------------------------
88U-74 3A 0.55 4.4
--------------- --------------- --------------- ---------------------------
88U-59 3A 1.44 5.8
--------------- --------------- --------------- ---------------------------
88U-69 3A 0.23 4.0
--------------- --------------- --------------- ---------------------------
(i) Intersection length from historical drilling not true width.---------------------------------------------------------------------------
Trelawney is currently in the process of securing the necessary regulatory approvals required to de-water and carry out a bulk sample and advanced exploration program on the Chester Property.
This press release has been reviewed and approved by David Beilhartz, B.Sc., P.Geo., Trelawney\'s Exploration Manager and Qualified Person as defined by NI43-101.
Trelawney is a Canadian junior mining and exploration company with a strategic focus on \"Quality Ounce\" gold deposits. The Company\'s current focus is directed towards the development and continued exploration of its newly acquired Chester Project, located in Chester Township 20 kilometres southwest of Gogama, Ontario.
Shares Issued: 39,647,591
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Trelawney Mining and Exploration Inc.
Greg Gibson
President and CEO
416-361-2826
ggibson@trelawneymining.com
Crude Oil $76.38
Good Morning. .02 or higher this week if the news is released IMO
Good Morning Lars. I've been doing a substantial amount of dd on Vena and I am impressed on where they are taking this company.
I agree buddy. If you can get in them before the really take off. It can turn out really well.
The gap is tight. The stock looks strong. I'm looking at buying in tomorrow morning.
I'm checking out VEM and TRR.v both looking pretty good.
88k in volume. thats $44k that is pretty good IMO
.013 x .014 on b/a. It could bounce to .017 on no news today.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and develop them through subsidiaries and JV partners to their full economic potential.
North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
Good Morning. What are you watching today shakerzzz
I really like the fact that NBRI is uplisting CHI11man
Crude Oil 79.10
Your KATX really took off TOAD--Nice call!!
Good Morning Ahdioyoda. Treaty has been transparent along the way.
NBRI is thinly traded lars.
Good Morning. I'm holding NBRI still too. Its a good long term investment. KATX, I rode from .004 to .012. It still is a good play though IMO
NBRI--More accumulation needed at these levels.
NBRI-Consolidation yesterday, Breakout today. IMO
NBRI is thin to .10
Yoda, Those charts on NBRI are SWEET
It shows that its starting to trend up. It takes time to form new bases.
NBRI released great news yesterday JCMoney. We had a good amount of volume, but someoen just bidwhacked it at the end.
These acquistions close this week!
NBRI seems to be holding above 2 key resistance lines. Every indicator is still positive. Yesterday was a day of consolidation.
Do you think NBRI will close above .05 today lars?
NBRI Solid company, who has proven that they are extremely undervalued
Crude is at $79.99
NBRI had good news yesterday lars.
North Bay Resources Inc. (NBRI) Completes Earn-In JV Agreement on Fawn Property
SKIPPACK, PA -- (Marketwire) -- 11/17/09 -- North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that final approval has been received from the TSX Venture Exchange regarding the terms of the Company's earn-in joint venture agreement with Silver Quest Resources Ltd.
("Silver Quest") on North Bay's Fawn gold-silver property in central British Columbia, Canada. As a result, the agreement is now effective, and the transaction has been consummated.
Under the terms of agreement, Silver Quest may acquire a 75% interest in the Fawn property by making aggregate cash payments of $100,000, issuing 150,000 shares, and incurring $1,500,000 in exploration expenditures over four years. Of the aggregate payments and commitments due, $25,000 in cash and 50,000 shares are due upon receipt of regulatory acceptance (now effective), and $250,000 in exploration expenditures must be expended in the first 12 months. Upon completion of all of the terms of the agreement whereby Silver Quest acquires a 75% interest, a 75/25 joint venture will be formed. If subsequent to the formation of the joint venture the interest of either party is reduced by dilution to less than 10%, such party's interest will automatically be converted to a 2% net smelter return royalty (NSR). The other party may then purchase one half of the NSR at any time up to 90 days following the commencement of commercial production for $1,500,000.
The Fawn property is situated on the Nechako Plateau of central British Columbia, approximately 120 kilometres southwest of Vanderhoof and 180 kilometres west of Quesnel. The property covers 1,005 acres, and includes the Buck claims 6 kilometres to the east.
On the namesake Fawn claim (MINFILE 093F 043), four subparallel, easterly-trending VLF-EM conductors have been defined along strike lengths of 700 to 2,200 metres, with each remaining open along strike in at least one direction. Each of the four VLF conductors is accompanied by silver-zinc-lead-arsenic soil geochemistry. The key area of interest is known as the Giver Zone, where assays up to 12.9 grams (0.42 ounces) per tonne gold and 637 grams (20.48 ounces) per tonne silver have been documented.
Immediately east of the Fawn and included as part of the property, the Buck claims (MINFILE 093F 050) cover a 3,000 metre long zinc-arsenic-lead soil geochemical anomaly overlying Naglico Formation rocks, and referred to as the Rutt Zone. Stratabound sphalerite-pyrrhotite mineralization, grading up to 4.69% zinc, is present in felsic ash tuffs. A primary area of interest immediately south of the Rutt Zone is known as the Christmas Cake showing, where a 45 centimetre chip sample has assayed 542 grams (17.42 ounces) per tonne silver, 7.38% zinc, and 2.25% lead.
About Silver Quest Resources Ltd.
Silver Quest Resources Ltd. is a mineral exploration company listed on the TSX Venture Exchange. With current projects located across Canada, and a portfolio of projects that range from early stage grassroots exploration to advanced-stage resource expansion, the Company is positioned to add shareholder value through systematic project advancement. Silver Quest is currently focused on silver and gold exploration in the Yukon and on the Nechako Plateau of central British Columbia, with its primary assets being the Capoose, Davidson and 3 T's projects.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and develop them through subsidiaries and JV partners to their full economic potential.
North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact:
Perry Leopold
CEO
North Bay Resources Inc.
215-661-1100
http://www.northbayresources.com
North Bay Resources Inc. (NBRI) Completes Earn-In JV Agreement on Fawn Property
SKIPPACK, PA -- (Marketwire) -- 11/17/09 -- North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that final approval has been received from the TSX Venture Exchange regarding the terms of the Company's earn-in joint venture agreement with Silver Quest Resources Ltd.
("Silver Quest") on North Bay's Fawn gold-silver property in central British Columbia, Canada. As a result, the agreement is now effective, and the transaction has been consummated.
Under the terms of agreement, Silver Quest may acquire a 75% interest in the Fawn property by making aggregate cash payments of $100,000, issuing 150,000 shares, and incurring $1,500,000 in exploration expenditures over four years. Of the aggregate payments and commitments due, $25,000 in cash and 50,000 shares are due upon receipt of regulatory acceptance (now effective), and $250,000 in exploration expenditures must be expended in the first 12 months. Upon completion of all of the terms of the agreement whereby Silver Quest acquires a 75% interest, a 75/25 joint venture will be formed. If subsequent to the formation of the joint venture the interest of either party is reduced by dilution to less than 10%, such party's interest will automatically be converted to a 2% net smelter return royalty (NSR). The other party may then purchase one half of the NSR at any time up to 90 days following the commencement of commercial production for $1,500,000.
The Fawn property is situated on the Nechako Plateau of central British Columbia, approximately 120 kilometres southwest of Vanderhoof and 180 kilometres west of Quesnel. The property covers 1,005 acres, and includes the Buck claims 6 kilometres to the east.
On the namesake Fawn claim (MINFILE 093F 043), four subparallel, easterly-trending VLF-EM conductors have been defined along strike lengths of 700 to 2,200 metres, with each remaining open along strike in at least one direction. Each of the four VLF conductors is accompanied by silver-zinc-lead-arsenic soil geochemistry. The key area of interest is known as the Giver Zone, where assays up to 12.9 grams (0.42 ounces) per tonne gold and 637 grams (20.48 ounces) per tonne silver have been documented.
Immediately east of the Fawn and included as part of the property, the Buck claims (MINFILE 093F 050) cover a 3,000 metre long zinc-arsenic-lead soil geochemical anomaly overlying Naglico Formation rocks, and referred to as the Rutt Zone. Stratabound sphalerite-pyrrhotite mineralization, grading up to 4.69% zinc, is present in felsic ash tuffs. A primary area of interest immediately south of the Rutt Zone is known as the Christmas Cake showing, where a 45 centimetre chip sample has assayed 542 grams (17.42 ounces) per tonne silver, 7.38% zinc, and 2.25% lead.
About Silver Quest Resources Ltd.
Silver Quest Resources Ltd. is a mineral exploration company listed on the TSX Venture Exchange. With current projects located across Canada, and a portfolio of projects that range from early stage grassroots exploration to advanced-stage resource expansion, the Company is positioned to add shareholder value through systematic project advancement. Silver Quest is currently focused on silver and gold exploration in the Yukon and on the Nechako Plateau of central British Columbia, with its primary assets being the Capoose, Davidson and 3 T's projects.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and develop them through subsidiaries and JV partners to their full economic potential.
North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact:
Perry Leopold
CEO
North Bay Resources Inc.
215-661-1100
http://www.northbayresources.com
Good Morning Aspen. Do you think we will get news today?
These two valuations will make TECO PROFITABLE
and they are closing an extra one this week. I understand what the q says, but you have to understand what the future holds.
Link to the deal that closes by the end of the year.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42418766
Link to the deal that closes this week.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43251634
NBRI-Monte Cristo Valuation
Monte Cristo Platinum, Palladium, Gold, Silver claim info
Check out NBRI's website for more info.
http://www.northbayresources.com/propndx.html
As recorded by the BC Ministry of Mines MINFILE No 092GNE013 and 092GNE019,the sands are estimated to contain inferred reserves of 22.7 million tonnes down to a depth of 30 meters, and that a 1.4 kilogram sample of sand,
taken at least a meter below surface, assayed 2.47 grams per tonne gold, 4.80 grams per tonne silver, 2.77 grams per tonne platinum, and 2.71 grams per tonne palladium.
Links to Public records:
http://minfile.gov.bc.ca/Summary.aspx?minfilno=092GNE013
http://minfile.gov.bc.ca/Summary.aspx?minfilno=092GNE019
Current value Estimated as:
Platinum = 2.77[g/t]/31.1[g] = 0.089[troy ounce per ton]
22,700,000 x 0.089 x $1359 = $2,745,587,700 of Platinum
Gold = 2.47[g/t]/31.1[g] = 0.079[troy ounce per ton]
22,700,000 x 0.079 x $1067= $1,913,451,100 of Gold
Palladium = 2.71[g/t]/31.1[g] = 0.087[troy ounce per ton]
22,700,000 x 0.087 x $329 = $649,742,100 of Palladium
Silver = 4.80[g/t]/31.1[g]= 0.15 [troy ounce per ton]
22,700,000 x 0.15 x $17.96 = $61,153,800 of Silver
Total Potential precious metal value from Monte Cristo claim alone:
$2,745,587,700
$1,913,451,100
$ 649,742,100
+ $61,153,800
= $5,369,934,700 = 5.3 billions!!!
This is just a Monte Cristo claim alone!!!
NBRI will close above .05 today!
That valuation is for the deal that closes this week correct?