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Thanks Jakane. I appreciate your feedback. I have a fairly good understanding of the ROI dynamics; however, without information on production numbers etc. I was flying a bit blind. Your information has proven to be invaluable. Again, thanks so much.
Good luck on your future endeavors.
BTW. Did you, or do you know of anyone, that has invested in any of the future wells (non Section 12, 13, 14, or 23 wells)?
Take your time, Jakane. I appreciate you working that up. There's no hurry on my end. At this point it is what it is; but, I thought you might have the numbers handy. Thanks for your input on this board. A lot of the major Gushers players have become silent...
GLTY
Hey Jackane. Thanks for the information. I am also an investor in Gushers, and was hoping you could provide the ROI on the first 2 wells you mentioned. I am a part of 14, and would like to get an idea of the proceeds prior to receiving a check and being disappointed (or surprised).
The info you have provided is much appreciated.
Hey JRT. Would you mind posting the production report for Section 14? Not sure if it is confidential. If is, could you PM me with the numbers?
GLTY
Hey JRT. Have you tried getting in touch with Steve Merril? I spoke to him a couple of weeks ago regarding Section 14, and he was in the process of getting the paperwork in order and submitted so the DOs could move forward. I think the issue was the stipulation agreement. Do you happen to have any more information on this particular well?
Hang in there!
Correct me if I'm wrong, but this just looks like Cactus Drilling LLC bought into the gushers and was assigned a lease (just like all of the other Gushers subscribers). Perhaps Gayla or whomever wanted to use an LLC to protect there personal assets from any potential liability claims. It was recommeded that I do the same. When the transfer papers are filed it will look like I transferred my rights to my LLC on the Oklahoma website. I don't think there is any issue here, but it would be nice to see how many acres were involved. Any thoughts on this?
Hey Gushers - Does anyone have the production report for Section 14? If so, do you mind posting it on the board to go along with reports for Section 12 and 13, which were posted earlier? Thanks!
Wow. Can you back this up with some information on the winners and losers? I've seen my share of recommendations...what are you considering winners and losers? I've been following boards for over two years now, and this seems like a big endorsement...give me some data.
I'm confused. Wildcat, Geo, Screaming Eagle et. al, are you being sarcastic? You've supported this stock for a while now. You say that they are not drilling anytime soon, that you would run from this stock...etc. I'm finding it a tough road to read into these messages. You've been very specific regarding buying opportunities in the past. Why the sudden ambiguous support?
I don't think things will take off until they announce oil/gas shows once they hit 3000'...
TARGET FORMATIONS
Primary targets are stacked Frio Sands at depths between 3000' and 3600'. Production potential from as many as 4 to 5 zones per well, with some wells having cored oil and gas in as many as 11 sands. In addition to this, several Miocene sands exist in the field which have been highly productive in the field to the south, the Premont field, a geological "twin" extension to the south of the Premont Northwest field.
NUMBER OF POTENTIAL PAY ZONES
12 Frio Sands and 3 Miocene Sands above 3600' as well as additional deeper Frio horizons from 3600' to 6000' which have production histories in this field and Premont (twin) field to the south; additional deeper Jackson Shale (over pressured gas impregnated shale similar to Barnett which has yet to be produced). Vicksburg a blanket sand from 6800' to 7400' which extends from Alice, Texas to the Mexican Border and the Yegua sand 7400' to 9000' which has current and past production history in immediate area and lease block.
PRIMARY TARGET FORMATIONS
The primary target sands are the Lower Barnsdall oil sand (3430') which covers approximately 4500 acres and the Singer gas sand (3150') which covers no less than 2400 acres. However there exist an additional 9 zones which have cored oil and gas in a number of wells throughout the field, several of which will be encountered in each of the wells drilled or reworked and placed into production, and all of which will be encountered in several of the wells
So Mulch Man. Are you going to address your apparent 180? You've squeezed out logs of negativity for a while now...why the sudden change of heart?
My take is that the rig moved on to the next venture when the initial timeline was delayed. I don't think they (Kidd or whomever) let the rig sit around idle while the partners made up their mind...
Chilar et al.
I've seen the fiascos that unfolded with MNLU and DUNR...this is 10X worse. The CEO will never make a deal...I agree that there is value in the underlying assets. The problem is that shareholders may never see it. There has been talk about a deal, production, the pending TRRC approval, deals with multiple operators, joint ventures, etc. It's all been bogus. A well respected mod essentially stated recently for all the longs to run to the hills. If you are a flipper, you may stand to gain, but don't base anything on the asset value. I've been watching two years. FWIW, Crowin has been spot on.....check out his past messages.
GLTY
Hey Wildcat. Did you and SE know each other before you joined these boards? You guys both joined IH around the same time back in 2011, and I thought you guys met on IHUB, and then proceeded to have fairly frequent meetings up near PENN state to review investments. Anyways, my mind must be failing me. OEDV would have been nice back in 2010...
No. We do not know which partner pulled out. Folks speculated that it was Jumeriah Resources. I was merely reminding people of the potential implication if that was in deed the fact. I don't think anyone knows up to this point which partner was unable to fund.
Good catch, JRT. I was thinking that myself as I read some of these posts. If Jumeriah did not pay up on there interest after raising money on the Frankfurt exchange, and GRPR management is the same between the companies, is this just a way to transfer the well to GRPR and shaft the investors of Jumeriah, or is there something else afoot. I don't know, but if the defaulting partner is Jumeriah resources, something smells.
At this point, maybe we should consider when the leases for this field are up for Wilmot. If he is at least somewhat sane, he will make a deal prior to the lease expiration. Anybody know when that is? If so, we should consider this the ultimate event horizon based on his prior actions (or non-actions).
I figured you guys saw something like this come out recently...Just thought it interesting that it came in to me on a free newsrag by email.
This board is great. I look forward to the posts each day. Thanks redinvest et. al.
Looks like AOI has made it into some of the mainstream stock newsletters...
http://email.angelnexus.com/hostedemail/email.htm?CID=11574990697&ch=7CC4413B601218CD2E30B9AF9A395D7F&h=5b5330c82a1cadfd9607aeadeda80d5c&ei=WxBi0G8Nw
That's true. Wishful thinking I guess...but corporate officers can be sued individually when fraud is involved. Perhaps some of the Mainland individuals with past relationships with Pierce may fall under this umbrella.
Perhaps its time to consider a civil lawsuit against the company. In this type of suit, the company must represent themselves, and are not allowed legal representation. Read up on the civil suits against HONDA for the hybrid claims. The had to defend all over the US, again, without a lawyer. They had to represent themselves. Plaintiffs in CA have won these suits, and have made Honda relent. I would be willing to pay 500 or so for an airline ticket and filing fees to see some of these douche-bags in Mississippi civil court.
Hey Mike. Been following since the great Mississippi gas play. How do you figure $1 per share with ~200,000,000 AS, and 12,500,000 barrels of oil? Are these type of plays going for $20/barrel proved? Are you factoring in the field condition in this calculation?
GLTY
I think that what DL sees is that oil in the Mississippi Lime is not the same as oil in say, the Canadian Tar Sands. The lime is economical relative to a lot of other plays. It really comes down to extraction costs. Would you rather dig relatively shallow, frac, and exploit the oil, or would you prefer to mine it like the do in Canada? The fact that companies are actually "mininig" for oil (3:1 EROEI) should tell folks all there is to know about the future value of more economical oil plays like SIOR. I guess that's why I don't believe timing is of much concern in the immediate future.
Ecomike, is the reason he has to sell because the TRRC will plug the wells, or is it merely the fact he no longer get's as much walking around money by selling stock?
Dee, Sorry to confuse you. My sites are set on keeping an eye on Screaming Eagle (and WC etc)...not EGOH...although I am involved in this one too.
Grid..Africa..Superior...they all are interesting.
FWIW. I have contacted IR by email a few times in the past, and up until about a month ago, they would respond within 1-2 days...even over the weekend. However, my last 2 emails have gone without a reply. Don't know, but is there a chance they are in a quiet period during negotiations/prior to JV announcement? Perhaps they are keeping there mouth shut right now so as to eliminate the perception of any kind of market/insider kibitzing. Thoughts?
tdbowieknife, wildcat, se etc. Have you ever encountered a press release where the anticipated drilled well (from the PR) did not match up to that listed on the TRRC? I hope that the PR was wrong and the well is actually GUSTAVO GARCIA, but then I would start to question the competency of the company by putting out a erroneous PR.
I guess everyone has accepted the fact that the GUSTAVO GARCIA is Guerra #3? Did the company really get it wrong in their press release? I'm in at 0.01, but have serious concerns about this well being the one referenced by the company.
Hey Dee. FWIW, I was being sarcastic. Atencio is the previous CEO...when the stock went from 0.75 to 1.20 or so last year. I was here with you, brother, just never posted. Lost some serious coin on this one...and finding it kind of funny watching all the pumpers come out of the woodwork. What a strange trip it's been...
Much like yourself, I keep an eye on the Eagle...
GLTY.
You should show the chart and explain in detail, to all the losers that have been watching this since Atencio, why it's such a good buy.
Maybe we should ask the folks on this board that had such a good dialogue with Questus what they have heard about the operations. Last post I recall was that "...Questus is real...". Anyone had any contact with Questus since then. They should be able to elaborate on the situation.
FWIW. I had questions as to why the CEO would send out seemingly random tweets...I guess I don't really understand the purpose, and thought it might be a farce. So, I reached out to IR to confirm that Dan@sogdanjr was indeed Dan Lloyd Jr, which they did. Emailed Friday, and received a response on Saturday. Here it is.
New message from XXXXXXXXXXXXX
Mail:
Message: Greetings. I am a current investor in SIOR and wanted to confirm that @Superioroilgas on twitter is associated with the company. I also would like to confirm that dan@sogdanjr on twitter is indeed the account of Dan Lloyd Jr. Your attention to this request is appreciated. Best Regards.
Yes. And welcome to The SOG investor family!
Joseph Naylor Kenan, M.D.