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Hello Arch. Just thought I would mention one that was brought to my attention. Haven't DD'd it yet. It a pinkie, but it looks like it's moving pretty well. Soon to be re-listed if I'm not mistaken. USCR. Any opinion? I hope you don't think I'm spamming. I am not holding any yet. LOL shaolin REDLANDS, Calif.--(BUSINESS WIRE)--March 6, 2001--U.S. Crude Ltd.
(Pink Sheets: USCR) announced Tuesday that production on the company's
oil and natural gas leases continues to increase.
Additional wells were added last week on leases in Osage County,
Okla., and more have been targeted for new production in the month of
March. Last week several wells were put online on the Southwest Domes
lease, a property that produced more than 200 barrels of oil in the
month of February as new wells were added. Average daily production on
the Southwest Domes lease has exceeded 20 barrels of oil per day.
Most of the wells owned by U.S. Crude Ltd. were purchased at
favorable prices and many were out of operation at the time of sale.
Some properties were in disrepair, others had wiring problems, and a
number merely needed the electricity turned back on. Over the past
five months, U.S. Crude has embarked on a program of evaluation,
repair and remediation on oil and natural gas leases, and company
officials anticipate adding to the number of producing wells until all
leases are fully optimized.
Anthony K. Miller, president of U.S. Crude Ltd., stated:
"Management is pleased to see the continued growth in revenue due to
our increased oil and natural gas production. Our field staff is
resolving any issues that may hinder production on a given lease. The
benefit to our bottom line continues to grow, and U.S. Crude is now on
the verge of profitability from our production program alone."
In addition to the company's own oil production, U.S. Crude is
preparing to participate in a pilot program utilizing its patented
TM-96 Portable Steam Generator on leases in Kern County, Calif. The
steam unit is scheduled to be ready for the field by the end of the
month. Southwest Oil Productions has funded the construction of the
TM-96, a 10 million BTU unit that is capable of producing 500 degrees
Fahrenheit steam and delivering it to an oil formation to improve
production. The success of this program will pave the way for similar
ventures to be undertaken on other oil-rich properties.
The company continues to anticipate funding from a $4.86 million
United States Department of Agriculture Rural Development loan. The
final loan package is complete, and U.S. Crude hopes to receive money
by the end of March. Funded by a Texas bank, the loan will make it
possible for U.S. Crude to bring all of its wells online and to fund
the manufacture of the company's innovative steam and gas
technologies.
U.S. Crude is still awaiting action by the NASD to have the
company re-listed on the OTCBB.
The Company
U.S. Crude is an Oil Technology and Production Company with more
than 300 fully equipped oil and natural gas wells on 8,780 acres of
land in several states. The great majority of these wells were
acquired at favorable prices when oil was valued at historically low
levels.
Good finish today. Hope tommorrow does as well. Would be a good time for PR unless it is just a re-hash of the previous one.
LOL shaolin
New out on TSRG:2/28/01-(PR NEWSWIRE) Trans Energy, Inc. Announces Signing of 10-Million Dollar Equit
Trans Energy, Inc. Announces Signing of 10-Million Dollar Equity Line of Credit
Agreement
ST. MARYS, W.Va., Feb. 28 /PRNewswire/ --
Trans Energy, Inc. (OTC Bulletin Board: TSRG) announced today that it has
signed an agreement for a 10-million dollar ($10,000,000) equity line of
credit. Securing this equity line will allow Trans Energy to move forward on
its exploration projects for the year 2001.
This equity line of credit allows the company to draw down, over a period
of 18 months, a maximum of 10 million dollars ($10,000,000) by selling common
stock to the investor. The company has the right to set a floor price with
each and every put.
Trans Energy is based in West Virginia with holdings in the Appalachian
Basin and the Powder River Basin in Wyoming. The company expects to continue
drilling in the Appalachian Basin and has major interest in the newly found
Trenton Black River play in West Virginia.
This press release contains certain "forward-looking statements" which
represent Trans Energy's expectations or beliefs, including, but not limited
to, statements concerning Trans Energy's operations, performance, financial
condition, plans, growth and strategies. Any statements contained in this
press release, which are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the generality of the foregoing,
words such as "may," "will," "expect," "anticipate," "intend," "could,"
"estimate," or "continue" or the negative or other variations or comparable
terminology are intended to identify forward-looking statements.
Forward-looking statements by their nature involve substantial risks and
uncertainties, certain of which are beyond Trans Energy's control, and actual
results may differ materially depending on a variety of important factors,
many of which are beyond Trans Energy's control.
SOURCE Trans Energy, Inc.
-0- 02/28/2001
/CONTACT: Trans Energy, Inc., 304-684-7053/
/Web site: http://www.transenergy.net/
(TSRG)
CO: Trans Energy, Inc.
ST: West Virginia
IN: OIL
SU: FNC
*** end of story ***
Hey Arch. Thanks for the opinion on TLYX. Still watching it. Looks strong to me. JMHO. Volume has been decent and the swings have stayed pretty small. I dont know if it's just being played a lot or it's building up for a run. I'll be watching closely Monday. Haven't got in yet. Might be worth watching LOL
shaolin
OT: Congradulations JRousch. There are a lot more important things than this stuff. Enjoy the change. Been there myself.LOL
shaolin
Sorry for the way I asked that question Arch. Didn't mean to put you on the spot. What I meant to say was have you had an opinion on TLYX. I've read about it somewhere and I couldn't remember where. LOL shaolin
Hello Arch. Doyou have an opinion on TLYX? TIA
shaolin
Sorry patchman, I see that you are. Hats off to you for you're trouble.
shaolin
Very informative poston RB # 54722. Patchman, if you're in here, I apologizefor stealing your thunder. I can't remember if you're on this boardor not.LOL
Arch: I don't know if you all have ever watched COWI or not. I couldn't find anything on here about it. Anyway , I have had trouble coming up with any DD on it. I have noticed that it seems to cycle between .017 and .003. If have ever watched this one I would like your opinion on it. I also found a link posted below provided by patchman on RB. I don't recall if I've seen him in here or not. It is a TA link. Kinda interesting. I don't set much faith in these things but when they agree withyour hunches, it does feel kinda good. I ran COWI thru it and it got me looking at it again. LOL--shaolin
http://www.gamehunter.com/members/runtech.cgi
Arch: I 'm not recommending this one , but just bringing it to your attention. FBNI up 50% on 10 mil + volume. (.012x.013). Watched it have a real nice day a few weeks ago. Hoped somebody might have an opinion on it.(Only got in it because I screwed up a limit order on IVEH and accidently sold and it looked hot at the time.Did OK with IVEH but I would rather stayed . (Need to take investing 101 I guess.) lol
shaolin
Man oh man, what a day. I haven't seen a stock move like that in one day ever. It will be interesting to see if the price will hold. Seemed like the majority of movement was between 800k and 2 mil. The drops didn't seem to happen on big blocks. I'm not that smart on these things but it seems to me that this one might have a float that is getting pretty small. I have to admit that I didn't DD this one , I just stumbled into it at 137% gain and knew it was gonna roll. I guess tomorrow will tell. Again the big blocks didn't seem to be there like I expected. Maybe the daytraders missed this one, LOL--shaolin
TSRG had a little news release. Not that big. I posted it on I-hub TSRG board.
shaolin
Well, I don't guess it's that big a news. But after the drought we've had I guess I got excited. LOL
shaolin
TSRG NEWs TSRG news!
Pending Bankruptcy Proceedings Dismissed Against Trans Energy, Inc.
RELATED SYMBOLS: (TSRG)(BHI)
ST. MARYS, W.Va., Feb 15, 2001 /PRNewswire via COMTEX/ -- Trans Energy, Inc.
(OTC Bulletin Board: TSRG) announced today that all pending Chapter 7 bankruptcy
proceedings filed against it in the United States Bankruptcy Court, South
District of Texas, Houston Division, have been dismissed pursuant to the terms
of a Settlement Agreement between Trans Energy and Western Geophysical and Baker
Hughes Oilfield Operation, Inc., one of Trans Energy's creditors. Creditors have
10 days in which to appeal the dismissal.
Loren E. Bagley, Trans Energy's Chairman and Chief Executive Officer, states
that, "we are pleased that these involuntary bankruptcy proceedings have been
dismissed and look forward to continuing our mission of energy exploration."
This press release contains certain "forward-looking statements" which represent
Trans Energy's expectations or beliefs, including, but not limited to,
statements concerning Trans Energy's operations, performance, financial
condition, plans, growth and strategies. Any statements contained in this press
release which are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the generality of the foregoing,
words such as "may," "will," "expect," "anticipate," "intend," "could,"
"estimate," or "continue" or the negative or other variations or comparable
terminology are intended to identify forward-looking statements. Forward-looking
statements by their nature involve substantial risks and uncertainties, certain
of which are beyond Trans Energy's control, and actual results may differ
materially depending on a variety of important factors, many of which are beyond
Trans Energy's control.
SOURCE Trans Energy, Inc.
CONTACT: Bill Woodburn of Trans Energy, 304-684-7053
URL: http://www.transenergy.net
http://www.prnewswire.com
(C) 2001 PR Newswire. All rights reserved.
Hey dstod.. I got some at .25. Tomorrow should be interesting. lol shaolin
One I think we missed. IVEH up 157% on news of aids drug. Moving fast. No DD done. Not suggesting, just pointing it out.
Hey guys. I thought the RB board was quite. I guess we haven't had anything worth discussing lately. About that otcjournal article,any word. I couldn't find anything. Hope that something happens soon. LOL shaolin
I don't know if this would be of interest to anyone or not.
ZKEM closed at .06 today. Up .015 on heavy volume. I believe there was a rumor that a law suit had been dropped against them. I haven'nt DD them for 6 -7 mos. Price was .095 then. The little run could be over maybe not. I didn't have fund to get in.Too much in TSRG. I just thought if someone else had looked at them in the past, that they might want to look in on it. Not a recommendation, just a thought. LOL---shaolin
New poster. 2 desire invited me over from TSRG board. Looks like you guys have a pretty nice board. She said this was a forum for exchanging ideas, DD and such. I was wondering if anyone here knows anything about JBRD. I haven't done any DD on it yet, but have heard some rumors. A look at todays time and sales looks like slow accumulation. I'm gonna take a look at it. LOL.
shaolin
2desire: Thanks for the invite. Looks pretty civil around here. That will nice for a change. Check back in later.lol
shaolin