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big jump in oil price;lifting of restrictions on drilling; tax breaks for small companies--all good if this company is still drilling
A couple new posts now re: WNWG on IHUB board. Interesting!
A possible explanation for the big price jump in Oct may be the election. Trump had promised a resumption of oil and gas drilling by lifting restrictions. In anticipation of a Trump win,many oil and gas issues jumped. Just a thought! I have emailed the 3 company officers listed in the last batch of financials and have received no replies to date. Stay tuned!
Hello Mick. Many thanks for the 5star link. Yes I am the moderator now; looking forward to activating the board. This stock has had a huge move recently on no known news! I appreciate your support!Cheers!
Looking forward as Moderator to re-activating this board and getting more recent news re WNWG. The huge stock price increase resulted from something-lets see what we can find. Many thanks.
I will request to moderate this page in order to gain more info.
My recent research has been very difficult. Apparantly there was an OPO during oct 2016-which probably accounted for the big price jump. But I find no research re: any details or even any other news. All help appreciated!
Hello Mick. Can you explain the 550% price increase in WNWG last month? Many thanks.
Hello liveingreenbay-please email me. Many thanks.
What happened in Oct 2016-stock increased by over 500%
Liveingreenbay-please email me-Prof. Thanks
I've been in this one a very long time and waiting for drilling to produce something. When oh when oh when will we ever get drilling and actual results. Lots of talk,lots of potential deals,lots of if ands and buts-but where do they hide the drill bits?
cheers with patience
What happened to our chatzy room/ Contact me with update. Many thanks. Prof.
Question. How much of what LBSR mines can be used in the solar energy industry? I see solar coming on strong in 1-2 years now. many thanks.
When is the financing due? Delays are killing us. More dilution on the way? What am I missing here? We sure do need news-I agree with you 100%
The value here lies with their assets. YA(Yorkshire Associates) is in control and as NatGas prices rise they can attempt to get new JV and drilling deals. The value lies in those leases covering some 27,000 acres; so whatever YA can put together for deals will dictate our share price.
Thousands of leases and all that land and assets are only 10mil? Thats because for reporting purposes they must report cost,not recent appraisals. I've reviewed that fact with Mcgee a long time ago. Other posters here have provided much more accurate estimates of what WNWG assets really are. So that 10mil is way to low.
So you spoke to Mr. McGee and.....?
You sure that was O/S= 298.7 mil and not the A/S? If so then we have an increase in the O/S since it was 271mil very recently. Please confirm your facts. Many thanks.
WNWG does not drill for oil.They drill for NatGas. I'm not even sure its possible to find oil when drilling for NatGas anyway. Noone seems to be able to confirm if thats even possible. Maybe someone more knowledgeable in the biz can explain. When Natgas increases in price and stays higher,WNWG will have solid reasons to benefit. Thus we have a long term hold!!
anyway GLTA
Agree the Pickens plan is getting some attention again. We need to remember, however,that the NatGas price must increase quite a lot more before drillers see any big profit potential. The supply is huge. It may take a long time to recover in price sufficient to bring out new JV partners to drill! We are essentially at the mercy of NatGas prices right now. I'm just watching for a trend,albeit small.
Those trades adding up to approx. 2 mil were buys at the ask (0.001); look for some action soon on the Pickins plan! lots of rumblings re: what might pass this time around!
manny1 thats the filing,not the website. My post deals with the website.
The website update is not WNWG. The CEO claims he had no knowledge of the website update. Also the name on the website update domain belongs to a Carolyn Lusher who is not associated with WNWG. Noone seems to be able to verify her affiliation.
I've stated many times here that an increase in the price of NatGas will be the only way WNWG can become solvent again via some new JV partner interested in working the leases. NatGas is what we need to watch IMHO.
oops! Wrong gal! Trish Regan is on CNBC-not Chuck's wife!
I believe his wife Trish is a commentator on CNBC at 11:00am on "The Call" Check that out!
What if the next 10Q due on the 15th doesn't reflect the 8mil in cash plus 21mil in assets? Was it ever there;or what are we to believe anymore? Where did the 8mil come from? Sale of assets? Then where is the 8k filing required to reflect that? So many questions.
Looks like we almost traded the entire float on Fri. Shorts got out fast and now we look for new money to pour in next week to keep this rolling! Big volume always precedes big price moves! glta
Hi Sentraman. Like most others here I'm holding for the long pull. looks like NatGas price will be an important part of the puzzle here. However, the value of the assets cannot be forgotten as they do represent great value to any buyer. My thinking is that YA is stuck at higher prices and willing to ride out the recovery in NatGas before they do much else. I'm watching the O/S for signs of more YA note conversions to stock.
Nice jump today in NatGas price which will definately help longer term.
Can anyone let us know the date/place of the next shareholders meeting? We should get many questions answered from that meeting. TIA
Do you have the share structure? Many thanks.
Denver the land is leased; so the value will be generated by it's being utilized by drillers that will lease from WNWG; i.e. WNWG cannot just sell the land outright. Improvements in the price of NG will hopefully result in new drilling interests,and maybe even a JV partner! glta
Link showing the YA shares are exempt? Not the way I understand the financing. The note conversions during the prior qtrs were associated with an increase in the OS; the 10Q's since 4th qtr of 2009 and during 2010 all reflect an increasing OS tied to the note conversions. Looks like YA did not convert since the 2nd qtr of 2010 and the OS has remained unchanged for the last 6-7 weeks.
WNWG has 5 days to file the 3rd qtr 10Q under the extension rules; my thinking is that we will see it on Fri. Nov. 19th if its on time.
Wondering who found the errors in the 1st and 2nd qtr 10Q's? and why? Bet it was YA!
Its 8k,not k8. The 10Q is a quarterly report covering the most recent qtr. Companies have 45 days after the qtr ends to file the 10Q. An 8k filing covers any "material" info. any co. wishes to file with the SEC; and these can be filed at any time. Hope this helps. glta
Ok Thanks Martin. Good point. Increasing values of assets plus a rising Natgas price should benefit all players.
Dated Oct 27,2005 hmmmmm; 10Q due today (nov 15,2010) glta
Another nice increase in the NG price today. The uptrend continues! This is the bailout all parties need that are involved with WNWG right now. glta
Another nice increase in NatGas price.. Been strong all week. Very important development for WNWG and all involved.