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an interesting point regarding peak oil....angel publishing puts out a service called The Energy Invester and they have been talking for years about "peak oil"...but recently,they put out a teaser to get new subscribers talking about the U.S. Bakken fields saying that they now are estimated to contain "hundreds of BILLIONS of gallons of oil"....I sent them emails asking about this seemingly contradictory ad but they do not answer (I am a subscriber)....according to the ad,the U.S. geological surveyors or whoever does this kinda thing are increasing the estimated reserves
<a href='http://usas2.advfn.com/c.php?s=20&w=600&h=19&t=_blank' target='_blank'> <img src='http://usas2.advfn.com/i.php?s=20&w=600&h=19&t=_blank' width="600" alt="" height="19" border="0" /></a>
another interesting point regarding peak oil....angel publishing,which puts out a service called The Energy Invester and they have been talking for years about "peak oil"...but recently,they put out a teaser to get new subscribers talking about the U.S. Bakken fields saying that they now are estimated to contain "hundreds of BILLIONS of gallons of oil"....I sent them emails asking about this seemingly contradictory ad but they do not answer (I am a subscriber)
I also concerned about the 78% take the government gets after 150,000 barrels...I thought it was oeigianally arounf 55%....has something changed?.....is this OUR wells or someone elses?
46 million proven reserves M stands for roman numeral 1000 now I see!....its kinda confusing because b stands for billions....it will be interesting to see how AOIFF proven reserves turn out to be next to KOG!
I meant to say 35.6 million original figure on message above sorry
also,regarding reserves:
I see some presentations saying 1,000 million barrels or 1 billion but I know they used a comma INSTEAD of a decimal point for the original 3.65 million barrel figure so it seemed to say 35,575 million barrels of oil or 3.6 BILLION barrels...the whole bakken basin is 3.6 Billion barrels and yahoo profile says kodiac has 35.6 million reserves so now I am confused
also,on their website they show survey map showing ENTIRE bakken field and a lot of the market manipulators talk about the entire bakken field when mentioning kodiak so it can get a little confusing
according to yahoo company profile: "As of December 31, 2011, it had estimated proved reserves of 35.6 million barrels of oil and 25.5 billion cubic feet of natural gas"
now I know the bakken basin alone contains BILLIONS of barrels not including green river basin BUT I am not sure what kodiaks portion is?..is 35.6 million still the official number????
they hit water....
never mind i read the info above!
does anyone know how deep the Loligo plans on drilling to find oil and how deep the water is in that area?
from what I read over at their site and others it looks like the somolia blocks are expected to be the biggest singular blocks...
DOES ANY KNOW what the official reserves are estimated at?...is it still 35.6 million barrels of oil and 25.5 billion cubic feet of natural gas???....because I have heard MUCH larger numbers but perhaps its speculation?
ot really..maybe aoiff taking it up?...
MES.V jumped 36% today....unfortanately for yanks like me it did'nt take the pink sheets with it but it will eventually i hope any news?
is there not going to be 1 billion shares floating around after the next fund raising???...and they get 16% of the "take" of the current well?? well even if they hit 1 billion barrels of oil at 16% and 1 billion shares they are still overpriced at 17 cents a share are they not?????am I missing something?????maybe my math is wrong if so let me know but this looks like a suckers bet
question regarding new fund raising...are the .175 shares being offered part of the existing share distribution or dilution?
anybody know of any intitutional/mutual fund membership of PCOGF? I can only find one mtual fund with about 1 million shares that owns PCOGF
I went over this with my broker...it does not matter what currency because it is still a canadian stock they just adjust price for dollar to canadian up or down....eventually,the PK may become a US stock anyway but the above would still apply
hey redinvest I thought the Maurader blocks were still unconfirmed according to their website:
"Prompted by an increase in the volume of trading and price of the Company’s common shares, the Company clarifies that the transactions contemplated by the Offshore Memorandum and Onshore Memorandum are subject to certain independent conditions and approvals, including the execution of separate production sharing agreements with the State pursuant to each memorandum of understanding. The Company is in discussions with the State in relation to the negotiation of the production sharing agreements pursuant to both the Offshore Memorandum and Onshore Memorandum. At the current time, there is no assurance that the transactions contemplated by the Offshore Memorandum and/or the Onshore Memorandum will be completed."
so has something changed????
horn at 2,000,000 shared traded and its only halfway thru the day.....obviously they hit oil
well I am not too sure wabout what the other poster said as "being close to production"...these things have to be HUGE to make profit getting small percentages of rare earths and metals out of tons of debris....I think I read 1 billion start up costs but of course the rewards are equally huge I am in for a few thousand shares at .31 but not really counting on cashing in anytime soon....5-10 years is more realistic
a good link IF you are the type who has time to read its a study on diminishing oil supplies with sub sections on all the worlds regions: http://ianmcpherson.com/blog/audio/Australian_Govt_Oil_supply_trends.pdf
Wayne T your links are not showing up interesting though
what is the "tier 2" stock OXL.U for CGX energy???
I am alive ventured a few thousand shares today this looks like it has potential
ventured a few thousand shares would buy more but I am a little worried about islamic influence spreading unrest....not sure if africacom will be able to keep peace or if they are even wanted in the region but perhaps private companies can succeed where politics fail?
I mistook Ogaden for Uganda swedish investor you are correct!
hey swedish investor I agree putting Somalia in a seperate entity is a smart strategic move to protect AOIFF but perhaps I was mistaken about Uganda I thought I read they had some blocks there too perhaps I was thinking of Mali
Is anybody worried about the constant dilution of AOIFF claims?..first,somalia was diluted to Horn Petroleum (now 60% of 50% INSTEAD of 50% outright) and now I have heard the Ugandan blocks have been sold to tullow...it seems like more dilution to me but no one says anything about it
Major holders links some have gotten impatient and sold off does anybody know of any more up to date info?:
http://moneycentral.msn.com/ownership?symbol=AOIFF&Holding=Mutual+Fund+Ownership
http://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=AOIFF
would also like to say hi! and thank you to the other members epecially RED who seems to be putting up some fantastic info and links! was over at yahoo message board its dead over there glad I found this board