Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Indeed!!...He needs to walk the plank!..I feel he almost single handedly(sp) ran off any other investors that would of EVER given the company money!!!!
Island
"Don't let Wirtz off the hook. He needs to be held accountable for the $50,000 checks he collected from PP investors and for what happened to that money. He was keeping the books, writing the checks, opening the bank statements with only the oversight of Dillon. Dillon had a $25,000 a month salary, when he left the company he was only owed $25,000 for back salary. Which means Wirtz was making sure Dillon was receiving his check every month."
Take care
Imgunnaretire
JACK...Lots of things change in pink land! I hate to see anyone called out because of circumstances beyond any shareholders control!...I was once a diehard EXBX fan...But things have changed in my mind...Maybe it has in others???..I don't know?
When things were good we all believed or we wouldn't of invested in the first place?..I still feel the product is great as maybe Mozy and Eagle still do?... Lets not call people out that had or still has faith in this product or company please...Personally I have lost all faith but I don't call out the ones that still might or might not...Thanks
GLTA
Island :)
"come on Mozy-rama and Eagle1 where is your support for the company's stock and board....???
after all Mozy-rama you stated unequivally just how advaned this software was
surely you want to see this prosper?"
Tiger..That was AWESOME!..Hehehehe
Island
Why don't people focus on the company instead of UCANT!..The company has the problem not UCANT..Thank You!
Island
Islandbound was removed from the moderater list not Islandtime..I was never a moderator.
"Also, Islandtime has been removed from the list of moderators, but not Ucant. I see no reason to believe he has retired or even changed his mind about the stock".
LAZERGUY...bingo!..eom
Tiger..You of all people should know what WIRTZ has done (negative) to this company..Do you really believe he doesn't get enough credit??..Seriously,.... SAY you and myself and Wirtz owned a company and then we acually got some investors to help finance the compay, please follow me here. Now Wirtz was doing our books for us, and then stole alot of the investors money they had given our company, then we find out about it and get rid of him!..Do you really think other investors would give us money after we hired Wirtz back??..WIRTZ AND DILLON RIPPED OF EXOBOX'S INVESTORS MONEY(PLAIN AND SIMPLE FACT)..FOR THE LOVE OF GOD WHY DOES ANYONE LET HIM COME BACK TO THIS COMPANY AFTER WHAT HE DID???????????
THIS DRIVES ME CRAZY!!!!!!!!!!!!!!
ISLAND
ag729...Boy how i used to belive!..The end for me was when Wirtz was brought back in, after what he did to us!!!..If Dillon and Wirtz hadn't STOLEN the investors money..We probably would of gotten this off the ground years ago?..It seems Wall Street investors are not forgetting? It is like giving Bernie Maddof more money after he ripped off all those people! IMO
As the expression goes.."Fool me once shame on you"
"Fool me twice shame on me".GLTY..I do hope it works out!
Island
To all...If you haven't noticed most of the longs are gone or not posting anymore? Why you say?..IMVHO. because once they (EXBXE) had anything to do with Mr. Wirts again then some of us knew we were doomed to repete the past!..Meaning Dillon and Wirts were the two people that STOLE from the company invesors in the first place (FACT) and ruined any chance in the future of EVER getting the financing needed to get the AV software going!..Word spreads fast in the financial community, and investors know Wirts helped Dillon rip of all the original investers in the first place that were trying to finance the company origionally!!!!..Why don't you see why KNOWONE will invest in this company anymore?
Face the facts please?..IMO..Been here done that! 6 years and counting.IMHO
Island
The question remains....We still need 3-5-7-10 million dollars to be able to do anything (per the company)Sorry guy's but this is my 5th year and have lost all faith...I sold out at .035 and lost about 25-30 THOUSAND dollars with 3 different managments!! I did keep 5 thousand shares for sentimental sake? I feel this really could of been something!..But once again I've been ripped of by wall street crooks!!
Take care all
Islandtime
"I was told that when Dillon left Wirtz chose to leave"
Wirtz didn't "chose to leave with Dillon"..Wirtz was shown the front door with him!
Sorry but thats what happend.
Island
To answer your question..."How does Wirtz make the current mgmt. team a scam?".....Because Wirtz was taking the same money that Dillon was from the company!..or should I say the investers in the company's money!..Why do you think NO ONE would invest any money anymore? Wirtz is just as guilty of taking investers money as Dillon was!....They were partners,hand in hand, doing and taking the same money'
People seem to seperate the two?..They were in on it TOGETHER..Wirtz is as guilty as Dillon..Period!
Island
"Now that they've raised new capital"
......................................................
Did I miss something??? Where did this capital come from??.The 10Q said we needed 2 mill now and another $10 million? I did not see anywhere in the 10Q where they have already raised "New Capital"..Please enlighten me!!..THX
Island
Now that is one heck of a disclaimer!...Sounds like all bases are covered?...Sorry guy's but I've seen this dance toooo many times!..IMO
Most of you know how much I've cheered for this company?..But with Wirtz back in the picture, and current managment KNOWING what he did!..I cannot trust them at all IMVHO, I see nothing but a P&D..IMHO.
Island
CutAbove..Believe me I hope your right!..But Dillon and Wirtz were let go because they were spending the investers money together(hand in hand)...It's Wirtz I'm worried about!..Fool me once shame on me, Twice?..not a chance!
Island
The thing most don't realize is Wirtz wasn't just spending HIS own money, he was spending money that didn't belong to him!
.................................................................
"I doubt Wirtz called the shots in that friendship. And anybody who actually knew Dillon was aware that spending big was how that guy lived his life. He went big with everything not just exobox. He spent his own money on all kinds of shit he did not need. I have been to his house on many occasions so I'm very aware of his spending habits pre exobox going public"
THE BOTTOM LINE is we need $11,000,000 PERIOD....And Wirtz is back..OMG!
"Our current liquidity position only allows us to meet nominal working capital needs. We will need $2,000,000 to meet our working capital needs through fiscal 2009. In order to fund our full product development, including marketing and testing, we will need to raise at least an additional $9,000,000."
Island
Have you been on vacation? Some island somewhere? Exobox hasn't filed yet.
...............................................................
I was just being a smart azz!
Island :)
WHY IS THE "E" STILL THERE????
What is the bid and ask??..THX
Island
zzzaaappp, The E at the end just means they are late filing their form, IMO they needed more time because of the new funding, new share structure and every thing else involved. I have been in other companys that just got new funding or aquired a new buisness..etc..etc and it took a while longer to get all the finachials correct before filing the required paper work.Then the E was dropped, The E doesn't mean a thing unless they never file(seriously doubt that)It's just an SEC timeline at the moment.30 extra day's to get it right.
Island
IMO..If we dropped to the pink sheets the PPs would drop, we would lose More money because less people would buy the stock and if no one is buying, the company makes less money!(the important part to me)..creditors wouldn't even think about giving money to a non reporting Pink sheet company. No form 4's would have to be filed!!.WOW what a can of worms that would open up on this board..LOL...I couldn't even imagine!!
Island
"original mission," ..Sounds like it to me Eagle!
These guys are not stupid..They must of had some pretty good assurences that they will be paid in the future , with out any problems..IMO
Island
Well were back in buisness boys!(Van Ryder)
Island
Kurupt..This wouldn't even be a problem if the "Oh my God were going to ruin the planet if we drill our own oil"Freaks get out of the way and let us become self reliant!!..The USA has enough oil for at least 200 years(say sientists) if we could just start drilling?..Think about what the markets would do if we told the world we are drilling OUR own oil?..Oil would be half the cost within a week!.IMO >Great post by the way!
Island
............................................................
Interesting read about oil
Saudis drop WTI oil contract
By Javier Blas in London
Published: October 29 2009 02:00 | Last updated: October 29 2009 02:00
Saudi Arabia yesterday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange.
The decision by the world's biggest oil exporter could encourage other producers to abandon the benchmark and threatens the dominance of the world's most heavily traded oil futures contract. It is the main contract traded on Nymex.
The move reveals the growing discontent of Riyadh and its US refinery customers with WTI after the price of the benchmark became separated from the global oil market this year.
The surge in oil inventories in Cushing, Oklahoma, where WTI is delivered into America's pipeline system, depressed the value of the WTI against other global benchmarks, throwing the global oil market into disarray.
In January, WTI, which usually trades at a premium of $1-$2 a barrel to Brent, fell sharply, leaving it at a discount of almost $12 - a record gap. This dislocation in the market continued well into the summer.
From January, Saudi Arabia will base the price of oil for its US customers on a new index developed by Argus, the London-based oil pricing company.
The Argus Sour Crude Index will track the price in the physical market of a basket of US Gulf Coast crudes, including Mars, Poseidon and Southern Green Canyon.
http://www.ft.com/cms/s/0/2034dd70-c42c-11de-8de6-00144feab49a.html
Facebookers Beware: Fake E-Mail Contains Virus
Bredolab Trojan Lets Cyber Criminals Control Personal Computers
By KI MAE HEUSSNER
Oct. 27, 2009
Post a Comment Font Size PrintRSSE-mailShare this story with friendsFacebookTwitterRedditStumbleUponMore
A new computer virus is making the rounds online, using the Facebook brand to trick unsuspecting users into downloading potentially vicious malware.
Facebookers Beware: Fake E-Mail Contains Virus
(ABC News Photo Illustration)The virus arrives as an attachment to an e-mail claiming to be from Facebook. The subject line reads "Facebook Password Reset Confirmation" and purports to be from "The Facebook Team," according to Belgium-based security research firm MX Lab.
The message itself reads: "Because of the measures taken to provide safety to our clients, your password has been changed. You can find your new password in attached document."
But the attachment actually contains a nasty virus called the Bredolab Trojan, which security analysts have been tracking for a while.
Once downloaded, the virus gives the sender complete control of the target computer, allowing cyber criminals to potentially spy on users of the computer or use it to steal personal information or distribute more spam.
Related
Facebook Tries to Fend Off ScammersFacebook Fights Phishing AttacksWant to Be a Detective? Log On to FacebookPaul Woods, a senior analyst with Symantec Corp., said his research firm first noticed the new variant of the virus Monday afternoon. And, at its peak, the virus accounted for 30 percent of all malware observed.
Bredolab 'More Dangerous' Than Other Spam Attacks to Target Facebook Users
"In terms of numbers, we've seen quite a significant volume over 24 hours," he said. "The Bredolab Trojan was very prolific in the month of October."
The new variant that spoofs the social network, he said, has been averaging about 2 to 3 million e-mails a day.
Adam Ostrow, editor in chief of the social media blog Mashable, said the number of spoofed Bredolab-infected e-mail messages was "significant."
Though there are more than 300 million Facebook users around the world, he said that the volume of infected messages surpasses that of previous spam attacks that have targeted Facebook members.
"I certainly think it's more dangerous to people's computers that typical scams in social media," he said. Though Facebook users have been previously targeted by spammers, he pointed out that those phishing attacks weren't as dangerous as the Bredolab.
"The danger here is that you could actually download and open the file. And if your system doesn't pick it up you could have a lot of bad stuff on your computer that you're not aware of," Ostrow continued.
IMO..I think most of us expected a sell off for profit at some point soon...Today seemed to be that day?..The big boys bought at sub penny so 10 times your money is hard to pass up for most?...I just don't like the fact that it went down with more buy's than sells(as posted early'er)..But this is EXOBOX land after all! :)
Island
Fsmith..I would think they could hire alot of the people they let go. I mean it's not like there's an Employee shortage out there?..Most probably haven't found another job, being such a short time since the closing?...Just a guess?
Island
Marcellus Shale - Appalachian Basin Natural Gas Play
New research results surprise everyone on the potential of this well-known Devonian black shale.
Click on the link for maps! http://geology.com/articles/marcellus-shale.shtml
Super Giant Field in the Appalachians?
A few years ago every geologist involved in Appalachian Basin oil and gas knew about the Devonian black shale called the Marcellus. Its black color made it easy to spot in the field and its slightly radioactive signature made it a very easy pick on a geophysical well log.
However, very few of these geologists were excited about the Marcellus Shale as a major source of natural gas. Wells drilled through it produced some gas but rarely in enormous quantity. Few if any in the natural gas industry suspected that the Marcellus might soon be a major contributor to the natural gas supply of the United States - large enough to be spoken of as a "super giant" gas field.
Early Marcellus Estimates by USGS
As recently as 2002 the United States Geological Survey in its Assessment of Undiscovered Oil and Gas Resources of the Appalachian Basin Province, calculated that the Marcellus Shale contained an estimated undiscovered resource of about 1.9 trillion cubic feet of gas. [1] That's a lot of gas but spread over the enormous geographic extent of the Marcellus it was not that much per acre.
The First Hints of Big Production
Range Resources - Appalachia, LLC may have started the Marcellus Shale gas play. In 2003 they drilled a Marcellus well in Washington County, Pennsylvania and found a promising flow of natural gas [2]. They experimented with drilling and hydraulic fracturing methods that worked in the Barnett Shale of Texas. Their first Marcellus gas production from the well began in 2005. Between then and the end of 2007 more than 375 gas wells with suspected Marcellus intent had been permitted in Pennsylvania [2].
Recent Surprise Estimates
In early 2008, Terry Englander, a geoscience professor at Pennsylvania State University, and Gary Lash, a geology professor at the State University of New York at Fredonia, surprised everyone with estimates that the Marcellus might contain more than 500 trillion cubic feet of natural gas. Using some of the same horizontal drilling and hydraulic fracturing methods that had previously been applied in the Barnett Shale of Texas, perhaps 10% of that gas (50 trillion cubic feet) might be recoverable. That volume of natural gas would be enough to supply the entire United States for about two years and have a wellhead value of about one trillion dollars! [5]
What is the Marcellus Shale?
Marcellus Shale: Videos, News, Lease
& Royalty Information
The Marcellus Shale, also referred to as the Marcellus Formation, is a Middle Devonian-age black, low density, carbonaceous (organic rich) shale that occurs in the subsurface beneath much of Ohio, West Virginia, Pennsylvania and New York. Small areas of Maryland, Kentucky, Tennessee, and Virginia are also underlain by the Marcellus Shale. See the map of the Marcellus Shale above.
How Deep is the Marcellus Shale?
Throughout most of its extent, the Marcellus is nearly a mile or more below the surface. The map at right shows the depth of the Marcellus Shale. These great depths make the Marcellus Formation a very expensive target. Successful wells must yield large volumes of gas to pay for the drilling costs that can easily exceed a million dollars for a traditional vertical well and much more for a horizontal well with hydraulic fracturing.
Using the two maps together, some especially interesting areas can be seen. These are where thick Marcellus Shale can be drilled at minimum depths. Although this is a great oversimplification, it correlates with the heavy leasing activity that has occurred in parts of northern Pennsylvania and western New York.
Where is the Highest Production Potential?
Rock units are not homogeneous. The gas in the Marcellus Shale is a result of its contained organic content. Logic therefore suggests that the more organic material there is contained in the rock the greater its ability to yield gas. John Harper of the Pennsylvania Geological Survey suggests that the areas with the greatest production potential might be where the net thickness of organic-rich shale within the Marcellus Formation is greatest. A map showing this distribution for the state of Pennsylvania is shown at right. Northeastern Pennsylvania is where the thick organic-rich shale intervals are located.
Well Production Rates
Before 2000, many successful natural gas wells had been completed in the Marcellus. The yields of these wells were often unimpressive upon completion. However, many of these older wells in the Marcellus have a sustained production that decreases slowly over time. Many of them continued to produce gas for decades. A patient investor might make a profit from these low yield wells with slowly declining production rates.
For new wells drilled with the new horizontal drilling and hydraulic fracturing technologies the inital production can be much higher than what was seen in the old wells. Early production rates from some of the new wells has been over one million cubic feet of natural gas per day. The technology is so new that long term production data is not available. As with most gas wells, production rates will decline over time, however, a second hydraulic fracturing treatment could restimulate production.
How Does the Gas Occur in the Rock?
Natural gas occurs within the Marcellus Shale in three ways: 1) within the pore spaces of the shale; 2) within vertical fractures (joints) that break through the shale; and, 3) adsorbed on mineral grains and organic material. Most of the recoverable gas is contained in the pore spaces. However, the gas has difficulty escaping through the pore spaces because they are very tiny and poorly connected.
Most historic wells in the Marcellus produced gas at a very slow rate because of the low permeability mentioned above. This is typical for a shale. However, some of the most successful historic wells in the Marcellus share a common characteristic: they intersect numerous fractures. These fractures allow the gas to flow through the rock unit and into the well bore. The fractures intersecting the well also intersect other fractures and those fractures intersect still more fractures. Thus, an extensive fracture network allows one well to drain gas from a very large volume of shale. A single well can recover gas from many acres of surrounding land.
Horizontal Drilling to Penetrate More Fractures
The fractures (also known as "joints") in the Marcellus Shale are vertical. So, a vertical borehole would be expected to intersect very few of them. However, a horizontal well, drilled perpendicular to the most common fracture orientation should intersect a maximum number of fractures.
The diagram to the right illustrates the concept of a horizontal well. High yield wells in the Marcellus Shale have been built using the horizontal drilling technique. Some horizontal wells in the Marcellus Shale have initial flows that suggest that they are capable of yielding millions of cubic feet of gas per day, making them some of the most productive gas wells in the eastern United States. Although some experts are very optimistic on the long-term production rates of these wells, it is too early to determine their productive life or long-term yield.
Increase the Number of Fractures
A second method is used to increase the productivity of a well. That is to increase the number of fractures in a well using a technique known as "hydraulic fracturing" or "hydrofracing". This method uses high-pressure water or a gel to induce fractures in the rock surrounding the well bore.
Hydrofracing is done by sealing off a portion of the well and injecting water or gel under very high pressure into the isolated portion of the hole. The high pressure fractures the rock and pushes the fractures open.
Read USGS Report
To prevent the fractures from closing when the pressure is reduced several tons of sand or other "propant" is pumped down the well and into the pressurized portion of the hole. When the fracturing occurs millions of sand grains are forced into the fractures. If enough sand grains are trapped in the fracture it will be propped partially open when the pressure is reduced. This provides an improved permeability for the flow of gas to the well.
Economic Significance of the Marcellus Shale Gas Field
The presence of an enormous volume of potentially recoverable gas in the eastern United States has a great economic significance. This will be some of the closest natural gas to the high population areas of New Jersey, New York and New England. This transportation advantage will give Marcellus gas a distinct advantage in the marketplace.
Gas produced from the shallower, western portion of the Marcellus extent (see map above) might be transported to cities in the central part of the United States. It should have a positive impact on the stability of natural gas supply of the surrounding region for at least several years if the resource estimate quoted above proves accurate.
Gas Leases & Signing Bonuses
Learn About
Mineral Rights
Many landowners are being approached with offers to lease their land. The size of the signing bonuses that have been paid in transactions between informed buyers and informed sellers is directly related to two factors: 1) the level of uncertainty in the mind of the buyer, and 2) the number of other buyers competing to make the purchase. These factors have changed significantly in a very short time.
As recently as 2005 there was very little interest in leasing properties for Marcellus Shale gas production. The Marcellus was not considered to be an important gas resource and a technology for tapping it had not been demonstrated. At that time the level of uncertainty in the minds of the buyers was very high and the signing bonuses were a few dollars per acre.
When the potential of the Marcellus was first suspected in 2006 a small number of speculators began leasing land - paying risky signing bonuses that were sometimes as high as $100 per acre. In late 2007 signing bonuses of a few hundred dollars per acre were common. Then, as the technology was demonstrated and publicized signing bonuses began to rise rapidly. By early 2008 several wells with strong production rates were drilled, numerous investors began leasing and the signing bonuses rose from a few hundred dollars per acre up to over $2000 per acre for the most desirable properties.
If the results of current and future drilling activity do not match the expectations of companies paying for leases the amounts that they are willing to pay could drop rapidly.
Gas Royalties
Gas Royalty
Calculator
Although signing bonuses generate an enormous amount of interest because they are guaranteed income, royalties can be significantly higher. A royalty is a share of a well's income. The customary royalty rate is 12.5 percent of the value of gas produced by a well. Higher royalty rates are sometimes paid by aggressive buyers for highly desirable properties.
The royalties paid to eligible property owners from a well yielding over one million cubic feet of natural gas per day can be hundreds of thousands of dollars per year.
If the Marcellus Shale holds up to the optimistic expectations of some natural gas experts, Pennsylvania, Ohio, New York and West Virginia could temporarily have an enormous boost in income that might be sustained for a few decades.
Natural Gas Drilling Activity
Several companies are actively drilling or leasing Marcellus Shale properties. Range Resources, North Coast Energy, Chesapeake Energy, Chief Oil & Gas, East Resources , Fortuna Energy, Equitable Production Company, Cabot Oil & Gas Corporation, Southwestern Energy Production Company, and Atlas Energy Resources are some of the companies involved.
The Pennsylvania Department of Environmental Protection says that drilling permits are up strongly since 2005 and much of the activity increase can be attributed to wells targeting the Marcellus shale. Some of the new wells appear capable of yielding millions of cubic feet per day and that has companies working hard to acquire leases on desirable properties and complete new wells.
Pipelines and Right-of-Ways
Hundreds of thousands of acres above the Marcellus Shale have been leased with the intent of drilling wells for natural gas. However, most of the leased properties are not adjacent to a natural gas pipeline. The total natural gas pipeline capacity currently available is a tiny fraction of what will be needed.
Several new pipelines must be built to transport millions of cubic feet of natural gas per day to major markets. In addition, thousands of miles of natural gas gathering systems must be built to connect individual wells to the major pipelines.
Many property owners will be asked to sign right-of-way agreements that will allow natural gas pipelines and gathering systems to be built across their land. It the property owner is not associated with the gas production there could be compensation for granting the right-of-way. Payments could be as low as a few dollars per linear foot in rural areas to over $100 per foot in urban areas.
Other Gas Shales in the United States
The events described above are not unique to the northeastern United States or the Marcellus Shale. The horizontal drilling and hydrofracing technologies were perfected for shale reservoirs a few years ago in the Barnett Shale of Texas. The technology was then applied in other areas such as the Fayetteville Shale of northcentral Arkansas, the Haynesville Shale of northwestern Louisiana, and the Marcellus Shale in the Appalachians. These are just a few of several unconventional gas plays now happening in the United States and Canada. Similar organic shale deposits in other parts of the world might also produce gas as use of the new technologies spread.
More Gas Shale Information
Marcellus Shale Information: Videos, News. and More.
Mineral Rights - Basics That You Need To Know.
Royalty Calculator - How Much Will You Get in Royalties?
Marcellus Shale News - ShaleBlog.com.
Thickness map of the Marcellus Shale. Modified after: United States Geological Survey, Open-File Report 2006-1237, Assessment of Appalachian Basin oil and gas resources: Devonian Shale-Middle and Upper Paleozoic Total Petroleum System, by Robert Milici and Christopher Swezey. [3]
This map shows the approximate depth to the base of the Marcellus Shale. It was prepared using the map by Robert Milici and Christopher Swezey above and adding depth-to-Marcellus contours published by Wallace de Witt and others, 1993, United States Department of Energy Report: The Atlas of Major Appalachian Gas Plays. [4]
A map of Pennsylvania showing the net feet of organic-rich shale in the Marcellus Formation. John Harper of the Pennsylvania Geological Survey believes that the thickness of organic-rich shale may be more important than the total Marcellus thickness in assessing the production potential of a well site. [2] Map after Piotrowski, R.G. and Harper, J.A., 1979. [ 6]
The stratigraphic nomenclature used for the rocks immediately above and below the Marcellus varies from one area to another. Information for Western Pennsylvania and Northwestern New York is shown above. Click the image to reveal nomenclature for other areas. Image by: Robert Milici and Christopher Swezey, 2006, Assessment of Appalachian Basin Oil and Gas Resources: Devonian Shale–Middle and Upper Paleozoic Total Petroleum System. Open-File Report Series 2006-1237. United States Geological Survey.[3]
Photomicrograph of a polished section of Marcellus Shale in reflected light. The gold particles are pyrite grains which are common in organic-rich rocks. The large brown elongated body is a compressed plant spore with a few pyrite grains in the central cavity. The remainder of the rock is a clay matrix with a heavy brown organic stain.The width of this image spans about 0.2 millimeters of the shale.
Natural fractures "joints" in Devonian-age shale. This is a highly fracture shale.
The most promising wells drilled into the Marcellus employ two technologies that are relatively new to Appalachian Basin gas shale production. One is horizontal drilling, in which a vertical well is deviated to horizontal so that it will penetrate a maximum number of vertical rock fractures and penetrate a maximum distance of gas-bearing rock. The second is "hydrofracing" (or hydraulic fracturing). With this technique, a portion of the well is sealed off and water is pumped in to produce a pressure that is high enough to fracture the surrounding rock. The result is a highly fractured reservoir penetrated by a long length of well bore.
Information Sources
[1] Milici, Rober C., and others (2002). USGS Assessment of Undiscovered Oil and Gas Resources of the Appalachian Basin Province, 2002. Fact Sheet 009-03. United States Geological Survey.
[2] Harper, John A. (2008). The Marcellus Shale - An Old "New" Gas Reservoir in Pennsylvania. Pennsylvania Geology, Volume 38, Number 1. Pennsylvania Bureau of Topographic and Geologic Survey.
[3] Milici, Robert C.; Swezey, Christopher S. (2006). Assessment of Appalachian Basin Oil and Gas Resources: Devonian Shale–Middle and Upper Paleozoic Total Petroleum System. Open-File Report Series 2006-1237. United States Geological Survey.
[4] de Witt, Wallace, and others (1993) Principal Oil and Gas Plays in the Appalachian Basin (Province 131). U.S. Geological Survey Bulletin 1839-I, 37 p.
[5] Engelder, Terry and Lash, Gary (2008). Unconventional Natural Gas Reservoir Could Boost U.S. Supply. Penn State Live.
[6] Piotrowski, R. G., and Harper, J. A., (1979). Black shale and sandstone facies of the Devonian “Catskill” clastic wedge in the subsurface of western Pennsylvania. Eastern Gas Shales Project, EGSP Series 13, 40 p. United States Department of Energy.
Aerial photo of a gas well site. © iStockphoto / Edward Todd.
The Barnett Shale is a rock unit in Texas that has many gas production similarities to the Marcellus Shale. This graph shows the explosion in natural gas production that occurred in the Barnett in response to aggressive leasing and drilling activity. Data from the Railroad Commission of Texas.
Ads by Google
Natural Gas Energy Stocks
Free! A Complete Guide to All U.S. Natural Gas Stocks
www.TodaysFinancialNews.com
Info on Oil And Gas News
Find out breaking information on Oil and gas news today.
www.americanpetrohunterinc.com
Natural Gas Forecast
Just Out-How Going Green will alter Natural Gas Futures Price Right Now
www.NaturalGasCommodityTrading.com
Provident Royalties Loss?
May be recoverable, Contact us at (800) 382-7969 or visit
www.securitiesarbitration.com
At present, the natural gas pipeline capascity in the Marcellus Shale region is inadequate to carry the volume of gas that will be produced. Several major pipelines are needed to transport millions of cubic feet of gas per day to high population markets. In addition, thousands of miles of natural gas gathering systems must be built to connect individual wells to the major pipelines.
Geology Resources and Maps
Roadside Geology Series
These books present the general geology of a state as seen along roads and highways - presented in maps, text and road logs.
NY, OH, PA, Other States
DeLorme Atlas
A state-wide collection of topo maps in a convenient book. Shows highways, backroads, streams & more.
MD, NY, OH, PA, WV, Other States
Ads by Google
Sell Your Mineral Rights
Mineral acres, ORRI, RI and others Get $ quick. Top $ Paid
www.Mineral-Rights.com
Natural Gas & Oil
2009 Oil and Natural Gas Boom The Motley Fool's New Free Report.
www.Fool.com
NuTech Energy Alliance
Oil & Gas Petrophysics, Engineering, and 3D Modeling
www.nutechenergy.com
Oil and Gas investing
oil investment oil well oil and gas well exploration
www.oilandgasinvestments.us
Provident/Shale Losses?
Klayman & Toskes, PA Arbitration May Help! 888-997-9956.
www.nasd-law.com
Stay in Zone with HSI
Geo-navigation Specialists 5500+ horizontal wells interpreted
www.horizontalsi.com
Haynesville Shale Resources
Haynesville Shale News
Marcellus Shale Resources
Marcellus Shale Article
Marcellus Shale News
IMO..I feel strongly that we were suckerd into this because there was no other choice for EXBX?..I believe the oil and gas investers told them to fold up shop so they could by MANY,Many,Many shares for next to nothing!(look at the volume)..The first day or two I could see a big sell off(makes sense)imo.
It was the amount of buying afterwords that made me feel something was going on that we didn't know about?..I even voiced those thoughts to certin shareholders that the trading wasn't making any sense after EXBX's PR about closing up shop.
Did anyone else see the same thing?..Is what sucks is I didn't buy back in in time and lost 3/4 of my position because I thought I might just be imagining things!(I should of known better)
Oh well Onward with what I have left!!!..IMO I'm am 100% certin it was planned!
Island
Juice..If they aren't already listed?..Then an IPO could be in the works? for the new subsiderary(sp)..I've stopped trying to figure out this company and lost most of my shares trying!!! LOL. ONWARD with what I have left! :)
Island
"As part of the consummation of the purchase of the Assets, Messrs. Scott Copeland, Richard Evans and Kevin Regan have resigned from the board of directors of the Company. Mr. Michael Studdard will remain on the board and has been appointed interim-Chairman of the Board and interim-Chief Executive Officer. Furthermore, Mr. Kevin Regan has resigned as President and Chief Executive Officer and interim-Chief Financial Officer of the Company."
............................................................
Seems we are going to have new managment along with this deal?
Seems the Oil boys have taken over ..for the most part"
And this statement: "I'm excited about this opportunity. It will allow Exobox to meet certain requirements for listing on a national stock exchange"
Seems they have pretty high hopes for the company?IMO
Island
From the PR...As part of the consummation of the purchase of the Assets, Messrs. Scott Copeland, Richard Evans and Kevin Regan have resigned from the board of directors of the Company. Mr. Michael Studdard will remain on the board and has been appointed interim-Chairman of the Board and interim-Chief Executive Officer. Furthermore, Mr. Kevin Regan has resigned as President and Chief Executive Officer and interim-Chief Financial Officer of the Company.
Is He Our New CEO????...Michael Studdard - From LinkedIn
Michael StuddardDirector of Human Resources at Commercial Metals Company (CMC)
Dallas/Fort Worth Area
Contact Michael Studdard
Add Michael Studdard to your network
.Current•Director of Human Resources at Commercial Metals Company (CMC)
Past•Director of HR & Labor Relations at The Pepsi Bottling Group
•Director of HR at Honeywell
•HR Manager at Great Lakes Chemical Corporation
HR Representative at BP Amoco Labor Relations Manager at Lykes Bros., Inc. see less...
2 more...
Education•Valdosta State University
Connections 162 connections IndustryMining & Metals Websites•My Company
--------------------------------------------------------------------------------
Michael Studdard’s Summary
A knowledgeable and versatile Human Resources Executive with extensive experience in all phases of HR. Strong strategic and leadership skills in planning and implementing business solutions. Honest, ethical and able to develop trust and confidence. A high level of involvement and impact within the business environment.
Michael Studdard’s Specialties:
Specialties
* Strategic planning
* Organization Consolidation / Restructuring
* Benefits and compensation analysis
* Certified DDI trainer
* Team leadership
* Government relations
* Succession planning
* Employee/Executive recruitment, selection and retention
* Change Management
* Performance Management Systems
* Six Sigma
--------------------------------------------------------------------------------
Michael Studdard’s Experience
Director of Human Resources
Commercial Metals Company (CMC)
(Public Company; CMC; Mining & Metals industry)
June 2008 — Present (1 year 5 months)
I oversee the HR function for the Rebar Division of CMC.
Director of HR & Labor Relations
The Pepsi Bottling Group
(Consumer Goods industry)
December 2003 — June 2008 (4 years 7 months)
Director of HR
Honeywell
(Public Company; 10,001 or more employees; HON; Aviation & Aerospace industry)
October 2001 — December 2003 (2 years 3 months)
HR Manager
Great Lakes Chemical Corporation
(Mining & Metals industry)
May 1999 — October 2001 (2 years 6 months)
HR Representative
BP Amoco
(Public Company; 10,001 or more employees; BP; Oil & Energy industry)
December 1996 — May 1999 (2 years 6 months)
Labor Relations Manager
Lykes Bros., Inc.
(Food & Beverages industry)
December 1991 — December 1996 (5 years 1 month)
Served as Labor Relations Manager for 3 different meat and juice processing facilities.
--------------------------------------------------------------------------------
Michael Studdard’s Education
Valdosta State University
1987 — 1991
--------------------------------------------------------------------------------
Additional Information
Michael Studdard’s Websites:
My Company
Michael Studdard’s Groups:
Delta Chi Fraternity
Linked:HR (#1 Human Resources Group)
Honeywell
PBG Networking
Valdosta State University Alumni
Check out these links..could come in handy for saving time searching for them?
Island
http://www.ceoexpress.com/default.asp
JACK..How did you come up with that figure?..Thanks
We're a long way from .23..and wouldn't the investers and Kevin know this would be around the PPs it's at now?(or close to it).
Island
EXO..Thank you!!
Island
I don't see anything in the PR about the 19th?..only the 31st?...Where did the 19th come from? THX
Island
http://ih.advfn.com/p.php?
Question?..Where is the 13 million going to come from??
anyone have a clue?
Island
Gee Pete..What ya got to say??..Awefull quiet!