Can someone quickly mention the VMC earnings rule, thx.

It has happened in the past that if you ask too many questions, raise any concerns or are too critical you will be black-listed by the company. As a result, they will not answer your emails. Happened to another guy.

GLTA
Cheers,
Oxyurid

March 25th, 2009 was the date of record for RTK stock holders in order to vote in the 18 May 2009 shareholders meeting. This meeting could have some fireworks, since the company is putting everyone through the hoops/ringer in order to enter or even ask a question. No electronic devices will be allowed, and I believe you have to prove your identity as a stockholder in order to enter. If you want to ask a question you need to put it in writing, and then they'll screen the written questions to answer the ones most beneficial to them I suppose. All very cryptic and a shame to us longterm shareholders. In fact, quite disgusting.

Cheers,
Oxyurid

I'll be curious to see the response, if any. By the way, have you voted those 50K shares for the upcoming meeting? I hope you voted NO on all accounts.

GLTA
Cheers,
Oxyurid

After I read the 10Q

yesterday I too realized that nothing was left. I exited this stock yesterday as well. It's a shame that management had to run this into the ground or off the cliff, but they did. Good luck to those still in.

Cheers,
Oxyurid

That just might be a good

possibility. If he takes it to the pinks, he doesn't have to report anything, i.e., SEC filings, if I remember correctly. If he doesn't have to report anything, well...

GLTA
Cheers,
Oxyurid

The only way to determine

if we are near the bottom is to find out what the range in penny value the warrants and shares were issued at. If I remember correctly, the shares were issued in a range from ~$0.08-0.16. However, don't hold me to that. It would be in the filings. Also, if there were any new shares issued at a lowere price, which is very possible, that haven't been made publice yet in the filings.

My prediction of the bottom above precludes any disgruntled shareholders, of which there may be many, that are just so fed up with this POS they will dump at any price. With that being said, for some stupid reason I continue to hold. Good grief.

GLTA
Cheers,
Oxyurid

Fox was/is a warrant

holder. Last year OUR company paid to extend the life of the warrants so they wouldn't expire for Fox. I'm sure they'll do it again, it's his trough. And who's going to disagree with him? There are no checks and balances in this company.

I am NOT holding my breath for much of an increase in production, it will be fairly weak I think. Anyone been to the TX RRC site recently to check on production?

Haven't really heard much about our wonderful new drilling company, but I wasn't thrilled about that purchase. You have to wonder why a drilling company is up for sale, especially at this time in the US. I hope we got something decent. I wonder if we had to find the personnel to run the rigs after it was sold?

GLTA
Cheers,
Oxyurid

I wouldn't hold

your breath JK regarding "big gains" in revenue or production.

Of course, JMHO.

GLTA
Cheers,
Oxyurid

What a pathetic NR

Notice how they compare revenues and O&G sales with the previous year, but FAIL to show the same year-over-year comparison for the expenses, simply pathetic. I guess they are too afraid to show the shareholders and potential shareholders where the money is going. And we ALL know where it is going, don't we.

I am pretty much speechless.

Cheers,
Oxyurid

Where's San Juan?

Did I miss something, a NR or 8K, mentioning the divestiture of the San Juan property? Supposedly the property that had huge potential?

Is this how we are going to achieve our $20+ million in working interest sales this year?

GLTA
Cheers,
Oxyurid

I don't understand why you find this surprising. We produce hardly any oil. We produce NG primarily, of which that production has been declining, not increasing, so...

GLTA
cheers,
Oxyurid

He negotiated the salary and bonus

with himself. Pretty tough negotiations I bet. I'm sure he held out for a higher bonus package. There was no board of directors to report to at the time.

His salary and bonus is appalling, especially in comparison to other juniors of similar size and production, even in comparison to some mid-size companies. Of course, this is just my opinion others may think that his salary and bonus are perfectly justified.

GLTA
Cheers,
Oxyurid

As for Brookshire

last I saw it was only 2 wells, with actual production really only coming from 1 well. This was according to the Texas RR commission site.

GLTA
Cheers,
Oxyurid

That would work out to

~577 boepd. Up from last report, but way down from the 1000 boepd they said they were producing at the shareholders meeting. I wonder what happened?

Good to see it up though from last month.

Sure would be nice to see that drilling schedule they promised about 2 months ago. Maybe they are having issues with the purchase of the drilling company? Maybe there are issues with the rigs? Of course all of this speculation could be clarified if the company would produce a follow-up as to why the delay in the drilling schedule?

GLTA
Cheers,
Oxyurid

Me feeling is

we'll see sub 0.10 before 0.25. Just my feeling unfortunately.

GLTA, we apparently need it.
Cheers,
Oxyurid

Maybe those daily

production numbers are just for their joint venture properties and don't include their sole operating properties? What is the production from their sole operating properties? What are their sole operating properties? It just begs questions.

Thoughts?

GLTA
Cheers,
Oxyurid

Nice to see an

up day, approaching 20 cents. Maybe we are seeing some of that Sunrise or Sunset money coming in.

GLTA
Cheers,
Oxyurid

Finally had a chance to

go through the newsletter with each current projects update.

If my calculations from the numbers in the newsletter are correct, we are producing only around 524 boepd? Is that what others have calculated as well? Seems a bit far off the 1000 boepd they mentioned at the meeting. Not sure if this is our WI portion or if this is total production for the sites? Newsletter is a good start, but more clarification is needed regarding production (total vs WI) in the newsletter?

Good to see they are drilling some new wells at the other projects.

I find it disappointing that there are ONLY 8 wells currently producing at Weesatche, after all the hubbub the company mentioned about all wells will be producing at the end of September or was it October? That is only 50% of the total number of wells drilled, correct?. The latest production report on the Texas RR commission site showed that production again declined in October with only 9 wells showing any production, so we are down 1 well since October?

I sure hope that drilling schedule, due to be released last year, will be out soon so we can see what is going on with our new purchase. They better drill the Biamante project quickly to boost our production numbers.

Wasn't the "new" posters saying that things were going to take off in the new year? What part of the new year was it going to happen again, early I hope.

GLTA
Cheers,
Oxyurid

So you don't know

what any of the situations are? Just as I figured. Good luck in finding those situations on this "fully reporting company", which I agree is, and reporting back to us.

Everyone have a great weekend, especially to the REAL longs.

Oh, and it seems as if they are trying to write lots of posts to move any alternative opinions off the main page, interesting.

GLTA
Cheers,
Oxyurid

And what might I ask

do you, the new self-proclaimed PDWR expert, think is the "situation" with this stock? Please inform the board as to what the situation is instead of leaving us with vague, ambigous and open-ended comments. Please list out the situations for all of us to evaluate. We've listed ours, at least in the past, and some just a few days ago, so what is your list of "situations"?

I find it hilarious that someone who has probably never heard of this stock as of 1-2 weeks ago now thinks they have a handle of the situation.

Also, vague statements like "the bleeding will have to stop at some point" are just ludicrus. Yea, I agree with you, that the bleeding likely will stop at some point. The bigger prediction is when will the bleeding stop, when the stock reverses course for good or when the stock hits zero?

More comments like "... once it finds its bottom and reverses course." are just as silly.

Oh and please, come back with the very famous, "if you don't like it sell your stock and leave" line, that one always cracks me up. Or better yet, "you sound like a basher".

We have tried to make some sense as to what is happening to this stock/company on this board for quite some time. With the latest shareholders meeting, we were "promised" changes, which have not occurred or are occurring at a slower pace than anticipated by the company. Hopefully, the changes/updates will come soon.

GLTA
Happy Holidays to everyone
Cheers,
Oxyurid

Be careful

that 1000 boepd is only ~300 oil, so use that figure in your calculations. NG is the rest of that daily production and that has been pretty cheap lately, so I would ratchet down your $4MM/qtr estimate.

I'm not expecting any increase in share price until the company moves away from WI sales and focuses on exploration and production, AND they become transparent in that endeavor. With that being said, it could be a LONG wait.

GLTA
Cheers,
Oxyurid

They shouldn't receive any information regarding

production, since that is material info I would guess. Therefore, it should be released to all of us if they actually decide to follow through on their shareholders meeting comments.

Shouldn't we receive some sort of info regarding drilling or is it pouring rain again in Texas, blah, blah blah.

GLTA
Cheers,
Oxyurid

Solana Resources Limited - Cocodrilo-1 Exploration Well Results - Catguas Block - Catatumbo Basin - Colombia

02:01 EST Friday, December 07, 2007

"CALGARY and LONDON, Dec. 7 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM: SORL) announces that the Cocodrilo-1 well, located in the Catguas Block, Catatumbo Basin, north eastern Colombia, will be plugged and abandoned. Cocodrilo-1 was drilled to a total measured depth of 3,197 feet penetrating the primary objectives, the Barco and Catatumbo formations. Although these objectives were oil bearing, subsequent fluid tests and side wall core analyses indicated that sub-commercial flow rates would be encountered. Significant geological information was gained drilling Cocodrilo-1 which will prove very valuable as Solana moves forward in this highly prospective area. Solana is the operator of the Catguas Block with a 100% working interest. Trayectoria Oil and Gas, Sucursal Colombia holds a 15% beneficial interest in the portion of the block containing the Cocodrilo-1 well.

Cocodrilo-1 is the sixth well in Solana's 2007 six well exploration program, and the second of the two well program on the Catguas Block. Solana has had three successes in its 2007 exploration campaign.

Mr. Glenn Van Doorne, Chief Operating Officer of Solana, a Petroleum Geologist, is the qualified person who has reviewed the technical information contained in this news release.


Forward Looking Statements"

GLTA
Cheers,
Oxyurid

Besides, I thought it wasn't Fox's job to put

the production numbers together, correct? Didn't they hire some fellow to do that and are we not PAYING him our cash flow dollars (it's probably some shares instead) to do simple addition? Just curious. Besides, as JK mentioned, Fox should be able to see and approve the NR, or web update, via email, at least I hope so.

Estock, how do we know that Goliad and the other properties are producing if we don't hear that they are, I assume they are to, but they did say they would have monthly updates, correct? That should be material info if they are not producing.

Anybody been to the TX RR commission site lately, it may be worthwhile checking it out to see if in fact we actually are producing around 1000 boepd.

GLTA
Cheers,
Oxyurid

Milen do you think those PE

really mean anything for an oil and gas stock? Probably for Exxon or BP, but not really for us, especially since the PE is based on selling off our most valuable asset, property and working interests.

GLTA
Cheers,
Oxyurid

JJ

Those share were given to him for:

"1. Shares granted pursuant to three year extension of employment agreement."

GLTA
Cheers,
Oxyurid

I agree GOLDMAN007, this is a rather

sick looking "Patient" at the moment, but I think all of our patience is wearing a bit thin. I know, just a slip, but it is too funny to let it pass by.

Oh, and thanks JK for the info from the meeting.

GLTA
Cheers,
Oxyurid

Some news would be nice.

Especially since they said at the shareholders meeting that they would provide regular updates, correct?

Maybe it is pouring rain at the headquarters, therefore, delaying the release of the info. LOL

GLTA
Cheers,
Oxyurid

WAG 12-02-2007 08:30 AM

Oxyurid

Are they going to buy on the open market

or dilute us even more with a ridiculously low private placement, which will mean diddly squat to us, the common shareholder?

GLTA
Cheers,
Oxyurid

Stormy it isn't JKDET responsibility to

report that news to us, it's POWDER RIVER's RESPONSIBILITY. That should have been released in their NR about the events that unfolded at the shareholder's meeting.

Anyone been back to the Texas RR commission site to check on production numbers?

GLTA
Cheers,
Oxyurid

Just went through the 10Q

Huge increase in shares outstanding, up 10 million in 1 year, ouch!

On the bright side

"During the nine months ended September 30, 2007 the Company repurchased and cancelled 302,800 shares of its own stock on the open market at prices ranging from $0.25 to $0.31 per share. The total cost of these shares was $83,145. This program was determined to be ineffective by the Company, and will no longer be pursued."

Haleluah(sp?)! On the downside, they bought all of their shares at high prices in relation to recent pricing!

I'm still mulling over the purchase of the drilling and service rig company, which seems good, but can't get my head around the 50% purchase price. At least we get dedicated use and supposedly at lower overall cost (did they factor the purchase price into the operating cost when doing their calculations?). However, they did leave this off the NR regarding the purchase of the oil service rig company:

"In addition, the Company will issue an 8 % promissory note in the principle amount of $500,000 to Texoma payable in five payments of $100,000, with the final payment along with any accrued but unpaid interest to be made no later than November 1, 2008.

The Agreement also has a purchase price guarantee, whereby the Company agrees that if the fair market value (FMV) of its common stock on the OTC BB or other market in which the Company’s common stock is trading on October 31, 2009 is not equal to or above $1.00 per share, then the Company will purchase at the Seller’s option that number of shares (up to 2,000,000) as shall equal $2,000,000 paid for at the FMV on October 31, 2009. “FMV” shall mean for shares traded on the OTC BB, the average between the bid and the ask on the 20 trading days prior to the date in question and if traded on an exchange, then the average closing price on the 20 days prior to the date in question."

So could be more than the 4 million shares total, all depends on share price on 31 October 2009. So, the company is giving themselves a couple of years to get to $1, unlike others on this board. Good to be conservative.

NO mention of current production for the entire company or any specific field. They did mention that there are 2 producing wells on the Salt and one at Biamante.

The only encouraging aspect of this 10Q, at least for me, is the cancellation of the share buyback program, it was a complete WASTE of money, especially when they are issuing shares faster than they can buy them back, incredible!!

Oh, and this is from their web site regarding San Juan in New Mexico, which seems to have fallen off of the company's radar:
"Currently, this property is undergoing re-works. Upon their completion, Powder River Basin Gas Corp plans to start drilling an additional 20 wells. It is anticipated that this property will be in full production by the end of 2007.

Did anyone ask about this property at the shareholders meeting?

Pretty much agree with Estock, not good or bad. Still holding and waiting for that next quarter, which seems to be always the case.

GLTA
Cheers,
Oxyurid

we don't really produce oil, maybe a few barrels a day, so oil price has no impact on us.

GLTA
Cheers,
Oxyurid

Make sure you ask them about production

and why production is at its lowest point for all year. August production was 25MCF for the month.

Ask what the depletion rates are for the field and what will be done to maintain production (workovers, new drilling or???). Since the rate of production is declining substantially at our PowderRiver consolidated field (Goliad/Wesatche).

I'll be really curious to hear what our current production is today. THEY SHOULD BE ABLE TO ANSWER THAT. July production was ~30MCF, and August was ~25MCF, so you can see the decline rate is pretty steep. So, about 5MCF/month, this field won't be producing very much within 1 year's time. So, what are they going to do? It is starting to look like this company will only be a 1 field at a time driller and operator. So, basically just tinkering along.

Production better be up today compared to the August report, since we supposedly have been busy connecting wells, right?

AND DEFINITELY ASK HIM ABOUT HIS HUGE SALARY and outrageous BONUS, justify it, since I do not see any reason for it since production is spirally down, isn't it?

We only have so much Working Interest left? Production is where it counts.

Others thoughts?

GLTA
Cheers,
Oxyurid

Reece Energy (RXR.V)

Did anyone check it out after I brought it up a while ago. It is up ~23% since I mentioned it a while back. Reece recently acquired Longview Resources to provide them with some oil drilling prospects and a small amount of oil production, but primarily is a NG driller. Reece's average production for June, 2007 was 883 BOE/d.

Currently, it is $0.98. There is a somewhat active board on Stockhouse.

GLTA
Cheers,
Oxyurid

I would be very pleased if they

decided to put out a post s/m pr that contained any forward looking statements. Usually, if they are going to give out any kind of info, regarding production and the such, i.e., material info, then they need to send out a NR PRIOR to the shareholders meeting or right during the shareholders meeting so that ALL shareholders and potential shareholders have equal access to the info.

To answer someone else's question, I haven't been accumulating or will, unless the company decides to be more forthcoming, and if some outstanding progress is being made on the production and drilling front, not by selling off our assets, i.e., working interest. Just my opinion. However, after we see what production numbers are like at Goliad/Wesatche, then we will be in a better position to determine if they need to continue selling of WI. I hope not. So, I am still holding my shares that I bought a while ago, quite a while ago.

GLTA
Cheers,
Oxyurid

I think technically they have to

send out at least a post-meeting PR that contains the results of the vote on issues. Anything else that they put out beyond the vote results is unlikely. That opinion is based on what we have received in PRs to date.

Albeit, I like your idea.

GLTA
Cheers,
Oxyurid

I still think we need

a majority of independent directors to meet the AMEX listing requirement.

Check this link out (actually from the AMEX site).

http://wallstreet.cch.com/AMEXtools/PlatformViewer.asp?SelectedNode=chp_1_1_1&manual=/AMEX/CompanyGuide/amex-company-guide/

Check the section on POLICIES - RELATED PARTY TRANSACTIONS, INDEPENDENT DIRECTORS...

Upon further reading, it states that the majority of independent directors requirement is NOT necessary if the company can be classified as a Controlled Company. A controlled company is any company where majority ownership is controlled by a single person or group. So, if the share buyback continues, which is a complete waste of money, Fox might get controlling interest again and then be able to bypass the majority of directors be independent clause. I do not think that is in the best interests of the shareholders.

Of course, this is just my opinion, and based on my limited ability of reading and comprehending the listing requirements. There could be other exceptions to the listing requirements for the AMEX that I am not aware of.

Other ideas/thoughts regarding this matter?

GLTA
Cheers,
Oxyurid

I haven't heard anything regarding San Juan.

Cheers,
Oxyurid