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For those that come here to read about the two sisters POP and GSR, there are two good boards running over at stockhouse with good DD.
I attempted to get some chatter going here, but not enough back and forth.
These are two significant stories.
Hey, no apologies needed, and shareholders who have been patient have every right to be both frustrated and disappointed with the lack of communication from management.
They would likely provide a letter to shareholders if they new one was requested. They likely don't visit Ihub.
I am sure Max can send along sentiments from the group.
The "it's only money" comment was for sure tongue and cheek, and I bit both.
Have a good weekend
Down boy, nothing has changed here, we are just in a market that is struggling and everything in your portfolio is the same way. There has never been any volume on SGGV, and until management is ready to move this forward, there won't be. When it comes it will be immediate and significant.
We would do well to put stink bids in at the nickle range, as some in this market, and judging by your pos comment, some on here will one day decide to sell and move on. You might want to be there when their market order gets placed and the bid is insignificant, and then you get filled.
I invested in this to pay for last springs vacation...I was going to rent a boat, have it chartered, bring friends, it was going to be a time :) Now, like all on here, I sit with my paper loss, and no one on here is happy about it.
It's not a pump and dump, as there has been no pump. I suspect that due to market enviroment, they are working on other holdings and biding their time to launch this when things are better, which is October of every year, when the markets start to move up.
Cheers, and keep smiling, it's just money....
Welcome, expect a steady rise this week in anticipation of significant news late in the week or first of following. News will outline six cased wells, flow rates, and from that we will see revenues. Most of the sellers have left the building, and the stock has consolidated nicely here.
This next leg up could be interesting with such a small float.
I want to thank whoever stepped up with their $330.US it shows heart and commitment.
Could this be the start lol
Petro One Market Commentary
I have been doing my best to simply observe and record the poaching on POP over the past few days, and now it is time for a report!
A quick snapshot of the last 10 trades speaks 1000 words. This is a textbook case of cycling. The best thing to do is simply sit on your hands or buy alongside at the bottom edge and sit on what you get.
Recent Trades - Last 10 of 212
THESE DO NOT PASTE WELL....GO TO STOCKHOUSE TO SEE FULL POST
POP’s bid last week was very strong and rallied all the way through a sullen market. Millions of shares traded hands and the stock moved up smartly. There’s no way that was retail money, it was sophisticates with deep pockets.
Today’s POP market smacks of the same, in reverse. The trades shown above are miniscule in terms of volume and dollars. However, because the stock is so tight, and retail investors remain jittery, it is a great time to “shake the tree”. As we see above, 8400 shares changed hands between the same parties at an average price of $1.52. That’s about $12,768. The loss on these trades was about .06 cents per trade. This represents a total dollar loss between these players of *ahem* $500 bucks, a meaninglessly small number to any power player (!)
The gambit is real simple: Retail investors look at L1 on Stockhouse or their E*trade account, see the stock is down a few pennies over a few days (never mind the massive run-up on large volume last week) and they fret, put in stop losses, and / or sell. This is the idea environment for powerful players, with a much higher degree of sophistication and professional traders to come in and accumulate what they want, at the price point they want.
Pros want stock as cheap as they can to sell as high as they can. If they wanted the stock last week, they had to buy it through us. This sure isn’t their preferred method. Folks, they’re here to make money, not help you. They don’t mind sacrificing a few hundred bucks to get you to flee. When this is going on, we need to stand strong like a crack Civil War Era brigade: Either hold the line, or better yet—advance in lockstep. Don’t let them scatter you.
You are all being tested right now. They want to know if you have guts. They want to see if you have conviction.
If you do, the best thing to do is sit on your hands or buy along the bottom edge. If you are waffling, call the company and read the corporate presentation and make up your mind. And if you can’t hack it, get your jacket, so the bold can march forward together.
Petro One Oil Exploration and Development Update
WTI oil is $84 / BBL and POP’s costs are projected to be $4 /BBL. The news of July 28, 2011 clearly states that POP has at least 6 more targets in addition to the discovery well that have as much or greater potential than the discovery well. That suggests a potential 7 wells with of at least the same quality.
EVERYBODY KNOWS THEY HAVE AT LEAST 3 WELLS CASED ON J5 RIGHT NOW AS THIS HAS BEEN FULLY DISCLOSED BY SASKATCHEWAN GOVERNMENT, AND PETRO ONE IS WORKING ON MANY MORE.
POP wouldn’t case a well unless it is going to drive significant cashflowing production. News is of course coming soon.
So let’s do the math:
3 wells * 60 BOE / day = 180 BOE / day
180 BOE / day * $80 BBL profit = $14,400 revenue / day
$14,400 * 30 days = $432,000 revenue / month
$432,000 * 12 = $5,184,000 annual revenue
*AND THIS IS IF POP NEVER FINDS ANYTHING EVER AGAIN ON J5 OR ANY OF THEIR REMAINING 17 SECTIONS OF LAND, EACH WITH 16 WELL POTENTIAL*
How many juniors ever achieve revenue like this, let alone within months of getting started on their very first drill program?
GSR Deals and News Update
Yesterday, GSR announced that they believe they are about to drill on what could be another Coffee Creek. Petro One has a 30% carried interest in this property and millions of shares in GSR on this deal. Best of all POP paid nothing for this project, and will pay nothing to advance it. Clearly, POP’s management has a strong eye for value and knows how to crystallize it. The GSR deals have already meant about $9 million dollars of cash and shares to the bottom line at no cost to POP. Let’s do the math on this one too:
Lucky Strike Claims 70% optioned to GSR:
· Petro One receives $500K cash, 2 million common shares of GSR on closing, 5 million common shares over 5 years, and 4 million warrants @ .25 more over a five year period.
BRC Claims 100% optioned to GSR:
· Petro one receives 2 million common shares of GSR and 3 million warrants @ .70 on closing, with another 1 million shares and 3 million warrants @ .70 in November 2012.
Most conservative total value of Yukon deal with GSR at today’s stock price:
· $500,000 cash
· 10M shares @ .70 cents = $7,000,000
· 4M warrants @ .25 is =.45 cents residual value * 4M = $1,800,000
= $9,300,000
Setting the $9.3M dollar current value aside, the sum total of these two transactions is $500K cash and 20 million shares of GSR at end of the 5-year period.
GSR has 24 excellent Gold projects in every major exploration camp in the Yukon. They will be actively drilling on all key targets this season. We are now in an environment of $1850 Gold. Just imagine if they hit on POP’s grounds—or any of their other targets, for that matter.
Fundamental Investment Case Update
The Saskatchewan Government has telegraphed POP has been successful on at least 3 more wells on J5. News is certainly pending on these wells. If the independent experts at Chapman are right, and I expect they are, then it is likely Petro One could soon be driving nearly half a million dollars a month cash flow from these 3 wells alone. This is an excellent accomplishment in such a short period of time and I cannot recall when I have seen a junior oil company advance so efficiently and quickly.
At the same time, Petro One’s Yukon Gold claims, optioned to GSR are the closest claims to the Underworld / Kinross Golden Saddle discovery, with all the geological and structural earmarks of significant deposits, now confirmed by the news of significant Gold numbers in silicified schist, taken from felsenmeer, which is precisely how Coffee Creek got started. Risks and costs associated with Yukon Gold exploration have been divested to the experts at GSR in exchange for bare-minimum $9 million dollars value, and a 30% carried interest. GSR is well funded and already executing a significant exploration program.
I restate Petro One Energy as my number one pick. Anyone who gets bumped off it at this time does so at the peril of their portfolio!
Happy hunting,
James Hudson, AlphaFlight Portfolios Inc.
You are likely right, the only thing that bothers me is that with such a great story, how is it that we have no volume, ever. I do think we are golden here, but that part does cause me personally to pause.
But, we have all seen those 10 cent stocks jump off the screen and go crazy on one good announcment, so I suspect this is the same thing.
Until then,
Cheers
Seriously, you really live it up in the summer....:)
Glad you are on the mend, solid news on GSR and POP yesterday, so I envision you having a great fall....
sorry for the delay Mike, and no, I did not hear back, but in fairness I did not push it. I sit here with a significant position and loss, and will wait until the company is ready to move this forward.
With the markets globally being slammed, they are no doubt waiting for a bottom of sorts. Summer is always tough, and from 2008, we had quite a run up, so bla bla bla. We may have to wait until we are into september to see activity, when the markets will have settled down.
I keep it on my screen, and won't sell until they decide to focus on Sterling, and no doubt it's in the cue, justhave to be patient.
Cheers.
Well, I would not read anything into it, the markets around the world were being hammered, and risk was being taken off the table for some. The news a very solid and smart money will be reviewing and adding. Yesterday on GSR the volume was very light and buyers were letting those with weak hands come to them, and the same is true on POP. Everyday that there is selling in these two names, we have a shift further in the stock from weaker hands to stronger hands.
For anyone that has done their homework and know what these two companies are going to do, they would not be on the sell side.
The floats are small, and easy to take back up. POP has news to be released and these stories are just unfolding.
Hey Infinity, how have you been feeling lately, back on your feet yet? I have invited a few people to the board from Stockhouse as that site becomes toxic on any junior that starts to move forward. They have also started deleting posts at random, with not much rhime nor reason.
Cheers
Sending this to a few of you. Stockhouse is like the town with one bar, and a catch basin for all. I was on another site which is free for another stock and started using it for POP, but very little traffic. We could go there to exchange ideas, and invite who we wish. The moderator of the group can delete posts that offer nothing other that bashing. You will see a number of my posts from a month ago, and then moved here to chat.
http://investorshub.advfn.com/boards/board.aspx?board_id=2108
No worries, sorry to here you are not well. Take care and keep and eye on POP and it's better looking Sister GSR.
Get well
No call back as yet. Away for weekend, so will try again first of the week.
Cheers
Solid post. Good day here, let those that want out, the opportunity..
Cheers
Petro One Energy (TSX-V: POP): Market Action and Press Release Evaluation
Tonight's post on Petro One Energy (TSX-V: POP) is very simple. Either I’ve lost my mind or many of you have. Time will tell I suppose!
Petro One’s trading day featured a pre-release institutional price raid that failed. Then around 12:00 EDT, news came out an on balance it was quite good, but didn't match the market's wild and uneducated fantasies, so the stock went a touch soft.
Sensing indecision, the market faltered and the pros started power cycling.
Retail tried to hang in there, but many cratered around the $1.65 mark. It’s never good to put out news late in the week or late in the market, folks just won’t take the time to read it and understand it before they trade. In fact, I am convinced there’s many here who haven’t even read the corporate presentation. A lot of people have just jumped on this bandwagon at $2 thinking it will be $4 the next day. Sorry folks, but the market is a harsh mistress at times. If you want to make money here, it will take a lot of effort. Sharpen your pencils and break out your calculators—you got homework!
Stops were blown. Folks who look a technicals, support, yadda-yadda got out with their percentage trades, happy to be a few thousand bucks richer or only a few hundred dollars poorer.
I detailed this, behind the scenes, with blow-by-blows and the details of the trades to prove it, to my pals on PM. I advised only the best folks and I started legging in when retail ran out the door at around $1.50. This went on down to around $1.29. Remember that?
Suddenly, the same people who were cycling the stock down were hard on the buy side, cycling the stock up. No, their intention was not to run the stock. It was simply to blow all y’all out who didn’t have the prescience to read up on this deal or the fortitude to stick it out. To each their own I suppose. And now they own what was yours. Too bad for you if you sold it at a discount, and don’t say I didn’t warn you.
The stock closed hard, up +20% from its intraday low on massive, smart money-driven volume. That was not mom and pop coming to the rescue. They had fled the building. Those were power players taking control. Are y’all getting the picture now? Petro One is a great deal, and many of you just got robbed. The insiders didn’t sell. Check the reports. Smart money owns your stock now. One day you might buy it back from them at $5+ bucks, but for now, they’re happy to hang onto it for you.
The nice thing about what I do is I telegraph by beliefs, clearly in my blog, posts, and for the select few, I share my market analysis and moves via PM. See, you can check up on me—I’m out there. I publish, and my portfolio’s doing well, thank you.
Some of the most well respected analysts and newsletter writers in the business are my friends on Facebook, my blog is routinely featured on Stockhouse, and I have over 4,000 followers on twitter. Go see for yourself: http://www.facebook.com/#!/alpha.flight.vindicator
My SH portfolio is up nearly 160% in one year, even though the market has been downticking—my stocks keep going up. I am not saying this to blow my own horn. Believe me, I have been hosed on many deals. But it comes down to credibility. Right now, there’s a few self styled basher-gurus here now with no followers, portfolios, performance or positions heckling me.
Well folks, I’m up hundreds of percent on this deal and many others in my portfolio. Let’s see these wizards lay their cards on the table. *deafening silence* They’re claiming victory today, but do your due diligence on them. The stock is not 90 cents, it rallied hard at day end. This well will not be exhausted in less than 3 months. They’ll just be getting a handle on this deposit (and many others) by then.
If these pretend oil-patch gurus really knew the business, rather than just sweep the lunchroom floor at Suncor, they would understand that Petro One had to release both the 7 hour and 48 hour IP tests, as they were. If they didn’t, they and Chapman could get in trouble for withholding material information. HOWEVER, experienced people in this game know that there will be many more weeks, even months of scientific testing, calculations, and refinement to get a real handle on just how big this thing is. Oh, and by the way, they have countless other projects coming online, under the tutelage of University of Regina Geology Dept. Head, Dr. Hairou Quing and Trevor Bremner, who built the Grand Banks for Mobil, and was a leading government geologist for decades.
People, please take heed to today’s release: Petro One was reporting just the tip of the iceberg! This was just one initial testing well on the J5 property. Only half of J5 has seen 3d seismic. They have 18 total sections, well over 7000 acres. Each section has 16 well potential. They have 100% rights to any oil and gas they find on any section, from surface-to-basement. Saskatchewan and Manitoba have 3% royalty regimes, unlike the punitive taxes of Alberta. This one well is a great little cash-machine for sure, it will generate immediate, monthly six-figure income. How many junior companies ever have that, let alone one month into their very first drill program on their first hole (!) And this well is just 1 out of 288 potential wells (!)
This first well is just a test run before Chapman and Petro One’s advisors and geologists really understand the massive potential and crack this reservoir open. Please everyone, read these quotes from the press release on targets they are about to attack next:
· The Viking amplitude at all six locations is as good or better than the amplitude at the discovery well, which contained core permeability measurements up to 3980 mD, and several targets show distinctly lower amplitudes that are interpreted to indicate zones of higher porosity than seen at the discovery well. As a result, all six new locations are believed to have as much potential or stronger potential than the discovery well.
· "The pressure at our discovery well demonstrates communication with a major oil reservoir system, which is very positive for Petro One," said independent consultant Charles W. Chapman, P. Eng., President of Chapman Petroleum Engineering Ltd.
· Nearby Dodsland Oil Processors will process and market oil from the Milton J5 property. The 48-hour IP test confirmed a very low water cut, visually estimated at only 0.7%. As a result of the low water cut and close proximity to a major pipeline, total processing costs for the Milton oil are minimal at approximately $3.36/bbl, making for excellent economics at current oil prices.
· With gas production nearby and a gas pipeline crossing the property, Altagas has confirmed there is a tie-in point on Petro One's land and plenty of spare capacity in the line. This provides excellent economics for potential future gas development where the formation is indicated by seismic to be favorable for gas production on our lands.
Smart money takes the time to read press releases. That’s why today, right now, it has a whole lot of Petro One stock at a discount. They did the math:
60 BOE a day today, factoring in WTI price and cost:
60 * $90 = $5,400 net revenue / day
Add 6 more wells at just the same level, as Chapman states new targets will have at least the same minimum potential:
6 * 60 * $90 = $32,400 net revenue / day
Combine both for:
420 BOE / Day * $90 = $37,800 net revenue / day
= 12,600 BOE / month
=$1,134,000 net revenue / month
This is only from the half of the J5 property where 3d seismic has been shot (!)
These figures do not include any of the company’s cash, the value of the Yukon Gold assets / stock, or any of the potential of the 17 other projects in the pipeline.
Now, I can’t suggest how to spend your money. It’s obvious I own this stock, like it a lot, and I’ll tell you how I spend mine. I consider this company grossly undervalued on all fronts. Roaring +20% back to the close on massive volume is just plain proof of how big players and smart money can peel stock from a twitchy, directionless retail market. And it sure as hell shows what they think of this deal—which is obviously, robustly positive. I’m in this deal looking quarters ahead, not just at one great little drill hole. If your serious about making money in this market, you better get your mitts on the presentation and read through the press releases in a hurry. I don’t know where this stock is going tomorrow, but I do know where it is going in the intermediate and long term, and that is a lot higher. And if there’s a moment of softness, you now know who’s filling their boots.
Happy hunting,
James Hudson, Alphaflight Portfolios Inc.
PS: I’d personally like to thank those guys who blew out their positions on the downtick from $1.50-$1.35.
OUCH....should have sold and bought back....should of would of...
Great release, and they just hit the stops, and pushed it down to pick up shares. Volume was not very high really...
Stay the course, it's early
You should soon be able to upgrade that car...:))
It's a classic MrB...always a fan of the 442
It would seem to me that we are close enough to have the stock move forward. Shares are held very tightly as evidenced in the lack of volume day in and day out on such huge potential.
Management understand how to run a company and how to run a stock. I personally don't see this moving based on a news release, but rather once they are ready, they will start to move up, they will create liquidity on a constant day by day basis, and then start with news flow. Take the stock up to 50 cents and then create the buzz, so when investors look, they see something on the move.
I have a call into the company to have a chat, and when I hear anything, will be pleased to pass along.
This thing is ready, and summer duldrems are almost over....Great time to be buying many stocks that have come off only due to the 'sell in may' effect.
gsr...post from hiker on sh
Since taking a position in POP over the past few weeks due to the
impressive amount of DD provided by a few; Alphaflight, 2Fast, Yukon
gold and a couple of others, it lead me to perform a little DD on their sister company, Goldstrike and assume a position here as well. There was
been alot to wade through but my main interest, especially in having being
a gold bug for the last two years in Atac Resources, was to take a better
look at the management, properties and geologists involved in this story.
My focus began with Trevor Bremner, the geologist involved with both
sister companies and with incredible credentials having held his prior position
as the former chief geologist with the Yukon Government.
I then went into the presentation for the ycsyndicate to the section entitled
"An Early Entrance Opportunity to the Yukon Gold Rush". www.ycsyndicate.ca
There were contained within that article several references to Kaminak's
new gold discovery and Atac's Orisis but then the article concentrated on the Pogo claims and Kaminak's numerous land packages. One particular
paragraph begged for further attention and went as follows:
"Some of the members of the YC Syndicate were the first people to discover
the gold mineralization and the anomalous geochemical trends in the Coffee Creek area. Due to low gold prices at the time, they never trenched or drilled
the area."
In another area of that presentation for the YC Syndicate under the heading
"The Syndicate" it states:
The same syndicate was the first identify and stake the Coffee Creek land
(Yukon Mining and Exploration Overview 2000, p14; Yukon Mining
Assessment Report #094064). The syndicate subsequently discovered gold
in soils and quartz float which Kaminak have carried forward and recently
had tremendous success with.
Due to the low gold price, the syndicate eventually stopped working in
the area because it was too difficult to raise funds to continue exploring for
gold in the Yukon when gold was below $300 per ounce. "
This was contrary to what I had come to understand about the original
discovery of the Coffee area, which lead to the next step of locating the
original geological and geochemical report . Within this report, I discovered
that both Peter Bryant and Terrace King, both directors in Petro One Energy,
ran these companies known as Prospector International and Prime
Properties. The report stated as follows:
Summary
"An extensive research effort focussed on finding "Pogo Style" and other intrusion-related old targets within the western portion of the Yukon
Tanana Terrance of the Yukon Territory was conducted during the period February to March, 1999. The study resulted in the staking of 16 claim
blocks within six target areas located in west central Yukon. The OREGO,
BINGO and YOGO claims, located in the Coffee Creek area approximately
130 km south of Dawson City, comprise one of the target areas. "
"The 2000 Coffee Creek exploration program was conducted by Prospector International Resources Ltd during 18, 19, 20 and 23 of August, 2000. "
The company now known here as Goldstrike contains 24 prime locations within the Yukon and this Tintina goldbelt that were NOT let go of and may just well be the cream of the crop explored and staked by the same geologists and individuals responsible for some of the biggest discoveries known thus far in the Yukon outside of Atac resources.
There is more to this story yet to be researched and disclosed but this is just a start of what has yet to be realized by the markets.
http://yma.gov.yk.ca/094064.pdf
$1.90 nice day here
Great day here, POP is in for a run of news starting later this week......stay tuned.
You didn't hear this from me, but I think we are close.......:)
Hey, at least we are not losing in this market.. tic toc
Nice.......thanks
The run is just beginning.....should see $2 very shortly
Don't think it will be together as they do operate seperately, but there is news to come, and they have been drilling and exploring in five different areas.
Their energy is on POP right now, so this is a great time to pick up shares of GSR...I bought 30000 yesterday after my conversation with IR.....seems to be a solid base at this price and news should take us higher.j
Good day here for pop, shaking out some of the weaker hands and those in for a quick profit.
http://www.goldstrikeresources.com/files/pdf/GSR-Presentation-2011-7.pdf
Go to page seven....same structure of shares, and they will do with this what they have done with POP.
page eight talks about work being done now, so news flow should be good. Likely little downside.
Had a great chat with investor relations today, and goldstrike and Petro are the same group. Both basically reverse takeovers of shell co. Goldstrike has great properties, and yes, news is ready to be released.
I bought in today, and will be holding POP to north of $5.00 and likely longer term, but will trade once it spikes....No reason we could not hit 300 - 500 million market cap in short run.
Market is looking for a 'story' and this has the makings of one.
Great management. GSR people are responsible for all the serious finds in gold for the yukon...white gold district. The more you look into this, the more you have to like it...
TMI on the (comes with a toupe with a chin strap so it can blow in the wind)..... TMI-Too much information.....
Up another 35% and going to double from here. great propeties, great first hole, no shares for sale, high insider ownership, institutional commitment and ownership. This is how you would build an investment success story.
Great people behind this.
They are working 24/7 on POP right now, but are the same group that have GSR Goldstrike and have news ready for that one as well.
Do you have the car on hold yet???
I think half the shares were traded on the same day or over a couple of days, people in for a quick return and that will be the case every day for awhile. The other half I think will be sticky along with 57% held by insiders and the institutions building positions. This thing has to trend up nicely for a while. The gold is gravy, and I have not spent much time reading up about it, but it seems like it will be a nice surprise at some point. Your comments are welcome on that ... Oil and gas stocks are very much in vogue now, and will be for years, so a discovery in Canada on hole one will be exploited by the market. I think they will make this a play for the summer as it has what it needs...
There just is no stock, and the combination of the find, and no shares is a recipe for something special. They know what they are doing with respect to running the stock as well as the company so expect more news early this week or before the market opens.
stock house so far has been a good place to read up on others thoughts, although the bashers have been sent in....
Welcome, many of the posts on here are copy and paste of interesting views. I too owned cloud break back a couple of years back, but I sold.
The big thing here is the lack of free trading shares, and the commitment of insiders owning so many. The market cap could run to 300...500 million with this discovery on the first hole. The math is the ten dollars range. I think we get half way there in the next week or two.
Read the blog, this guy has been on this as long as you, read his past posts.
Cheers
Chart after chart after chart of all juniors that have done well look the same. They float and do very little with no action or volatility, while they get ready to move forward. Most have to drill and find something the market likes, others have the goods, like SGGV, but need time to get all their ducks in a row.
I follow another stock in the same industry that a couple of years back was a nickle, but they have done a great job building great long term value that is about to pay shareholders huge returns going forward. The name is Allana, maybe you have heard about them #$%^&*()%^&* :))
Sterling's table is set, rocks are there, ducks are lining up nicely, and the crap that Chinese stocks listed in North America have recently gone through is moving more the the back burner.
With such little volume required to move this higher, I believe you will see a couple hundred thousand share days, moving the stock up a bit at a time, and maybe the odd spike, but also to allow older paper to get out of the way after sitting for so long.
Those that call us 'cheerleaders' here have obviously not seen us in a TUTU, it would not be pretty or appropiate.
Have a good weekend.
So, is today the day we get break through volume, creating that weekend buzz, setting up next week for positioning and lift off.
Hi XXX,
Thanks for your email and my apologies on the delayed reply as we have been exceedingly busy.
With regards to your concern, we spell this out quite clearly in the June 6, press release that preceded drilling, just a few weeks back.
http://www.petrooneenergy.com/files/pdf/2011_06_06.pdf
Here’s the excerpt:
Viking property (J5)
Initially at least three wells are planned to target the Company's J5 property south of Dodsland, SK.
The first well will twin an existing Viking oil well that was drilled in 1965 and flowed an average of
34.6 bpd oil. Log analysis shows that the Viking sand at this location is thick (approximately 10 m),
and appears to be unusually porous and permeable, as confirmed by analysis of drill stem test and
production data. Based on the production from the existing well on the J5 property, Petro One has
already been credited with 214,000 bbl of NI 51-101 probable and possible reserves in the Viking
(Petro One News Release October 14, 2010).This oil zone remains untapped, and Petro One looks
forward to exploiting its full potential. Reservoir parameters are comparable to a vertical well in the
Smiley field northeast of the J5 property that has cumulative production of over 390,000 bbl. Petro One
has recently expanded its land position in this area by a factor of four.
As you’re no doubt aware, our team has been responsible for many number of significant, world-class finds in the both the oil and mineral exploration business over the past few decades, so we tend to write our press releases for the funds and technical people who go over what we do with a fine-toothed comb. These types of investors typically go through every press release in great detail so we are unaccustomed to repeating ourselves.
While we did obviously disclose it, I can see now that it might make more sense to try and be more explicit and perhaps repeat some information in the press releases for people who are new to the story, so we’ll do what we can to improve practices in that regard.
I sure hope no one sold based on the fact that they didn’t read the preceding press release as these are damn good numbers, and that is what drove the massive price and volume spike for days. There’s a ton of funds knocking on our doors trying to get in with a financing and we’re telling them to buy in the market.
If someone sold because they didn’t read the June 6 PR, they just sold their shares at a discount to someone who did read it!
I am always around and will always reply and be reachable by phone—we’re all workaholics here. I make some time for sleep though, so if there’s a delay, just give me a few hours and I’ll get right back to you with the information you need.
Many kind regards,
Jeff Stuart
Petro One Energy Corp.
1300-1111 West Georgia Street
Vancouver, BC
Tel: 604 566 9089
TF: 877 566 9089
Fax: 604 564 8003
info@PetroOneEnergy.com
PetroOneEnergy.com
Good luck all longs here and to all pennyflippers: I´m more than happy to see you leave this stock !
FANTOMAS
From Stockhouse......
Yes,it was another solid day.......
UP another 23%, and steady all day. It is not retail keeping the price steady. Big money supported the stock and let the shares come to them. This will be a day by day push up in value until retail starts to chase it higher.
Their market cap is still nothing, with a big discovery on HOLE NUMBER ONE......
A blogger that has been on this story for a while. I am not here to pump anything up, just providing some thoughts as I watch this unfold. The more DD I have done in the past 24 hours the more I am convinced this is early days....
https://www.stockhouse.com/Blogs/ViewBlog.aspx?b=3546
1.62/1.62
I found this yesterday and took a position in the $1.23 range, reading as much as I could on what was out. I think it is still very early days.
I will be adding today for two reasons. Current market cap is nothing based on discovery. Shares held by insiders is significant, and this is just getting started.
Cheers
The lack of participation here thus far speaks volumes to how this story is still not known by retail. The stock was up 50% yesterday with a very strong close. The stock is up this morning on pre-market another 15% at this stage.
Let's talk market cap for a moment. We have all been looking at juniors long enough to know that when they have a find, or become the flavour of the day, they spike as no one knows the true value early on. INT is one that came on the scene a few months back, and although a different industry, they hit $3.35 one day with about 250 million shares out, so thats $750Million market cap, crazyness. It is now under $200Million.
The point is this find is significant as evidenced by market reaction yesterday, the following this company has, the management, and the properties. This discovery represents less than 1% of the property, it was to confirm previous drilling 40 years ago, and was seen as a low probability area.
MarketCAP...if the market cap was to run to $300 million, that might be considered fair based on the news and the follow-on hype, The market has an appetite for a winner, this thing is in Canada and that is huge.
$300 Million is $5.00 per share.
What about a spike to $750 Million. The big thing here is the share count....THERE IS NO STOCK....
INT had 250 million, much of that retail.
POP has....45,698,217 shares issued and outstanding with 57% held by insiders, and a bunch more held by institutions(let's say 13%), so now we are at 70%. SO, 32 million are held tight, and I suspect that is conservative as those close to the story were adding yesterday.
So we have 14 million free floating for speculation to occur.
This could get CRAZY, and in fact would be very surprised for it not too. What is the downside? They have just started the drilling,
THIS IS NOT JUST 'ONE HOLE', THIS IS THE '''FIRST HOLE'''