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Here's a link to the Friday screenshot from ihub. Someone emailed it to me this afternoon. Not sure what it means or doesn't mean.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63702815
From Jason - thanks!
That's what I was wondering - I was not sure if BRZL was QB previously. Still new.
Can you post your screenshot? you can use dropbox to link to it. That's what I use and it works good for images here.
OTC Tiers: QX, QB, and Pink...
OTC Pink – The Speculative Trading Marketplace
OTC Pink is the third tier of the OTC market. OTC Pink is the speculative trading marketplace that has no financial standards or reporting requirements. OTC Pink companies choose the level of information they provide to investors and may have current, limited or no public disclosure.
OTCQB – The U.S. Reporting Company Marketplace
OTCQB is the middle tier of the OTC market. OTCQB companies are reporting with the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. There are no financial or qualitative standards to be in this tier.
OTCQX – The Quality-Controlled Marketplace
OTCQX is the top tier of the OTC market. Exclusively for companies that meet the highest financial standards and undergo a qualitative review. Investor focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers.
sorry, posted this twice....
Search on ihub yields NEW and QB. Does anyone know if it said QB before? Is that an upgrade as well? Tia.
Recent Brazos Intl Expl New (QB), BRZL News
http://ih.advfn.com/p.php?pid=squote&symbol=BRZL
Could JR be selling shares to finance drilling??
Just my two cents, but last year I saw very similar MM action in a different company where every day the price got hammered from lower and lower and lower asks. Later we came to figure it was the company financiers selling shares. Friday's level 2 price action was reminiscent of this.
slight slip of the fingers there...funny.
I got a screen capture of it just now...and saw it repeatedly throughout the day.
How long is VNDM going to sit on the Ask at .0064 with 50?
Good point, the website was announced via a PR.
Well, it is Friday....
idk, feels like we turned a corner....
I saw that too. Have noticed it with Nite on both sides.
The Brazos International website says they own or have a 100% controlling interest in the Cameron Meadows School Board lease.
I'm trying to understand what this means....merger complete?
http://brazosinternational.info/economic-analysis-and-financial-statements/
Important Assumptions and Selected Economic Parameters
BR’s three year financial forecast depends on assumptions made in the table on the following page. One of the most variable of these assumptions is the price realized for crude oil and natural gas. In addition, operating costs per unit of production can be significantly different based on many factors. These pro forma financial statements presented herein make general assumptions about operating costs based on management team experience and discussions with others in the industry. The table on the following page shows the four projects provided in this pro forma forecast as well as selected economic parameters for each. Of these four projects, only the first one is a project owned or controlled by BR. The other three are projects which BR are in or have been in discussions regarding their acquisition. These pro forma projections are only meant to present a possible picture of the Company’s future valuation and market value assuming similar
Too funny....i needed that. Lol.
Absolutely - where's the link? Thanks.
Furthermore, what's even more disconcerting about this is that the 15 barrels of oil per day that are mentioned in the sticky are way overstated.
According to the report, the total production for March was only 55 barrels. That amounts to less than 2 barrels of oil per day or just under 1 barrel per well.
DOES THIS CONCERN ANYONE??????? This is the documented production number for March! 1 barrel of oil per day per well.
Maybe the sticky can get updated?
Wow.
In all honesty, this illustrates perfectly the problem with some of the information that is presented here as DD. You put out the 2300 barrels number in a haphazard manner in the body of the post knowing full well that that is what is going to be read and could possibly mislead potential investors into thinking that is the monthly production number (which it is not).
I know you want people to have faith in BRZL/Renfro, but gosh, if it's that great of a deal and company is there really any reason to not just put all the cards on the table and evaluate this for what it really is?
Good one. So, for how long has this deal been on the table and when was the last PR? Hardly unreasonable for those who are not riding free shares to want to hear from the company they are invested in.
Aren't you pleased to know Mr. Renfro participated in intramural basketball and tennis while in college?
Geez. I guess some people just miss the important stuff on there.
That's a big difference in output. I learned the hard way to scrutinize these penny stocks way more than established companies.
Thanks.
I haven't come across that number in my DD.
Can you share a link?
Thanks.
Okay, I see what you meant. Thanks for the reply. That number of wells and production can add up in a year though.
From the sticky:
This property was producing 15 bopd and is awaiting the reconnection of a oil sales pipeline to return to production. Such reconnection is anticipated to be accomplished within 60 days.
I understand, someone else in Canada posted the same thing. I was based in Houston and this is the convention they used there.
It's on the sticky.
Yeah, i ran across some of those posts in my DD earlier in the week and last week. I worked for Conoco which is now Concophillips back in the 90's. The convention in oil field for 1000 is M. So, 1 MBO is 1000 barrels of oil.
Hope this helps.
This is from the wikipedia entry for barrel (unit):
http://en.wikipedia.org/wiki/Barrel_%28unit%29
The abbreviations 1 Mbbl and 1 MMbbl have historically meant one thousand and one million barrels respectively. They are derived from the Latin "mille" meaning "thousand" rather than the Greek "mega". However, this can cause confusion with the SI abbreviation for mega- (and in non-oil industry documentation Mbbl, "megabarrel", can sometimes stand for one million barrels).
They are presently producing 15 barrels of oil per day. The other projects are what they hope to accomplish down the road.
bopd = barrels of oil per day
bbls = abbreviation for barrel
www.wikipedia.org has a good entry on measures of oil per day.
Please double check your math. BBL is just the abbreviation for a barrel. I get 54,750 in a year assuming 100% uptime, not 54 million.
Below is an excerpt from a news article on ConocoPhillips. Notice how they are getting excited about 65,000 barrels per day from 150 new wells. Their wells are averaging 433 barrels per day and this is an established major player in the oil biz. Your 6 wells would have to output 25,000 barrels per day. You numbers just don't add up. This stock would not be in pinky land at 54 million barrels. Think about it.
--------------------
The company also plans to drill 150 new oil wells this year in its Eagle Ford project in southern Texas and anticipates hitting peak production of some 65,000 barrels per day in 2013. Mulva's expanding shale operations, too, having added about 90,000 acres in North America last year.
I really thought that run was going to have more steam in it....
Yeah, it looks like we're heading back down to .006. Bid support on level 2 looks really weak now.
700,000 at the bid at .0075. Wow!
This is why you're trading penny stocks and not retired on some Caribbean island. Got it.
Did your technical analysis catch the bubble in silver or crude? Right.
It could go lower, but it could go higher. You know as well as I do a lot of people piled in last week expecting an announcement. That run up last Friday are the same people who exited this week.
I'm not fighting the overall trend without news, but in the short-term, I think this got oversold yesterday.
You and I and everyone else here are free to trade as we see fit, so don't FORCE YOUR OPINION ON OTHERS.
I think the delay was discounted or already priced in. If it drags out another month, you might see further decline, but I think the people that were playing the announcement early this week are gone.
I don't see the panic selling that drove this down yesterday, but who knows. This is just my opinion.