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Positive ruling why no pop in share price?
As a physician, i believe (sadly) that the establishment will not willingly go with a new therapy unless the government gives it a seal of approval(FDA) as both providers and insurance are risk adverse. One lawsuit can wipe you out. This is the screwed up reality of the current system. No one I work with likes it.
Having said that I believe there is solid science that supports PVCT''s pipeline. But as mentioned many times management must walk the gauntlet and give the FDA what it needs.
When is PVCT's presentation at ASCO today?
Long time holder. Excited by upcoming milestones but are you really suggesting PVCT could rise to a 4 figure amount? Why?
As a physician and early investor in NNVC, I have a couple of questions to ask this board. Though I'm impressed by the reports of efficacy in various viral animal models and have read that the NNVC structure is minimally toxic to its host, why has big pharma not already stepped in and provided funding? Stating that the company wants to keeps its costs low or is holding out doesn't answer the question.
Pharma is risk adverse and usually steps in and snaps up promising ideas and companies. Achieving a new paradigm for "curing" viruses will be the biggest event and potential moneymaker of this new century. What gives? What are they waiting for? Money talks. I and many physicians see this as a warning flag. There's more (or less) to this story that we can see as individual investors.
Also I still have doubts about efficacy in humans until the first tests are successful. Remember that tap water is toxic to cancer cells in a Petrie dish but obviously not so in the human body. Nature has a way of adapting and it is an unknown how we and the virus targets will respond. Don't forget that curing cancer or virus infections will radically change the world.
Hopefully it will will work as advertised and I can retire early.
Thoughts?
Ghillaman
Why in the Sam .ell can't investors hub have a real time quote for NNVC???
For what it's worth...I woke up with that dream last Thursday. They say that luck is where preparation meets opportunity. Good luck to HRT and fellow investors!
What now?
MATERIAL FACT
RESULTS OF MUROMBE - OFFSHORE NAMIBIA
Rio de Janeiro, July 19, 2013 – HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) through its wholly-owned subsidiary HRT Walvis Petroleum (Proprietary) Ltd. ("HRT Walvis"), announces that the Murombe-1 (2212/06-1) (“Murombe-1”), the second offshore well in our exploratory drilling campaign has been concluded and is a dry hole. This well was targeting the Murombe Prospect, located in Petroleum Exploration License 23 (“PEL 23”), in the Walvis Basin, offshore Republic of Namibia.
The main objective of the well was to test the resource potential of the Murombe (Barremian Age) basin floor fan turbidites that demonstrate a well-defined amplitude anomaly on 3D seismic PSDM. The drilling plan was to penetrate the top Murombe reservoir and reach total depth (TD) below the reservoir at 5,658 meters, run the wireline logs, conduct sidewall core sampling, acquire fluid samples and abandon the well. A secondary target, the Baobab (Santonian Age) confined channel complex, would also be penetrated..
The Murombe-1 well penetrated the Baobab objective and it contained 36 meters net sand within a 242 meter interval (15% N/G). The average porosity was 19% and the sands were water wet.
The well-developed marine source seen in the Wingat-1 well located 15 kilometers east of Murombe-1 was also present above the deeper Murombe turbidite prospect. Ongoing sample analysis will determine the quality of this source interval.
???
?The Murombe objective was penetrated and petrophysical evaluation of wireline logs indicates that interval consists of non-reservoir facies with low porosity. The well reached at Total Depth of 5,729 meters. The wireline evaluation program included a quad combo tool and rotary sidewall cores.
The Murombe-1 will be completed, considering wireline logging and P&A activities, in a total of 62 days, by the semi-submersible Transocean Marianas (NYSE:RIG).
The Transocean Marianas will move 635 kilometers south to PEL 24 to drill the Moosehead Prospect in the northern Orange Basin after concluding P&A activities at the Murombe-1 location. The Moosehead-1 well will target Barremian carbonates and drill to a total depth of 4,100 meters.
“This well proved that we are still on our learning curve in Namibian basins exploration. Our model was that the Baobab objective would be charged by the Aptian source rocks discovered at Wingat-1 and this did not occur. The Murombe-1 result further proved presence of Aptian source rocks, in the oil window, and poor reservoirs in the Murombe main target. We will now proceed to the Orange Basin to drill our third exploration location – the Moosehead-1 Prospect – in PEL 24,” highlighted Milton Romeu Franke, the CEO of HRT.
HRT is the operator of 10 blocks offshore Namibia, contained in four Petroleum Licenses. GALP Energia (NYSE Euronext Lisbon: GALP), with 14% participating interest, is HRT’s partner to drill the first 3 wells of the current exploration campaign.
For further information, please contact HRT`s Investor Relations Department.
Given that HRT IR has publicly stated that final results of the current drilling campaign in Namibia won't be released until the well is completed in August, does anyone think that MM will show up to speak at the Agora investment conference (july 23-26) in Vancouver?
Without being able to reveal results he will be in for quite the shellacking don't you think?
Ghillaman
Saw this on the Helios Chariot board,
Posted by Jimmy on iii
I think HRT are now very confident of finding oil in their next well. Please see the Galp Energia announcement of the result at :
http://www.galpenergia.com/EN/Investidor/Noticias/Paginas/Wingat1explorationwellresults.aspx
I agree with JIA that the probability of the Baobab horizon in HRT’s next well of finding oil, must be very high. Although the reservoir properties for an economical oil field have to be proven. The deeper Murombe fan is where the huge oil volumes are expected. HRT will have tested the cap rock above this prospect when it drilled deeper at Wingat.
If the Wingat well results were unclear or bad, then HRT would have bought time and moved the rig to Moosehead, which they did not do.
From an anecdotal point of view, the HRT management team would not have gone to the Namibian Presidential Palace and met the Prime Minister and Energy Minister, unless there had been a significant and meaningful geological breakthrough.
When BP sold their interest in the Brazilian Polo field to HRT at what appears to be a very attractive price, you can be sure they did a deal to get the Namibian well results thrown in. Watch BP’s decision concerning its Serica acreage for indications about their thinking.
Jimmy
It looks like the Transocean Marianas is on the move.
http://www.marinetraffic.com/ais/shipdetails.aspx?mmsi=538002209
That is all.
Ghillaman
Isn't the next HRT board meeting in Namibia on 23 May?
This would be a good opportunity to release positive results, eh?
Perhaps the Wingat results will be released on May 23rd as the HRT board will be meeting in Nambia that day.
Would be a good time/place to release good news eh?
Agree that this is a gut check. I don't trust hedge funds but there is no evidence at this point of institutional share liquidation...right? Its not like HRT is without leadership so I'm surprised that the stock is getting so hammered. HRT now has CASH FLOW with tax offsets and still has all the upside with a gas deal even if Wingat is dry. Anyone put a valuation on the company with the new producing wells?
Do any board followers think the hedge funds can take HRT private without shareholders seeing any upside?
We must ask why the interest if the big money didn't think the company was worth a lot. Big money doesn't chase loser companies in my opinion. If board changes were done at hedge fund insistence, then they must be in it for a profit which means hanging on for the ride at this point.
Ahh the ups and downs of investor sentiment!
Thoughts?
So if HRT has drilled 60% of the target depth in 22 days doesn't this imply that the target depth will be reached in 14.6 more days? This is pretty soon at the beginning of May. Interesting that he didn't mention the target depth reached in the Amazon basin wells. I was thinking we'd hear about the onshore wells first.
Is the consensus that we will hear onshore Brazilian results before Nambia? Drill time in the Amazon is less than 60 days, no?
Amazing how the stock drifts lower. Mr market will give zero respect until results are proven.
Ghillaman
Anyone hear exactly when they will Spud the first Nambian play? I looked at the 4th quarter transcript and couldn't find the details. It the rig anchored over the site yet?
Ghillaman
I've been following this board and slowly building a position (IMO a great opportunity to add right now). I made a very nice return on UNX energy and sold when HRT acquired their Nambian assets and believe HRT's Marcio Mello knows his geology and has the best team in the business. This play also has serious institutional investors like GS who understand risk and that the potential tail is so promising that it warrants a serious consideration. In fact if anyone has read Nassim Nicholas Taleb's "Antifragile" this is exactly the kind of risk that an astute investor should look for: limited downside but potentially parabolic upside. I'm in.
A few quotes from Taleb:
"What they call "risk" I call opportunity; but what they call "low risk" opportunity I call a sucker problem."
In other words seek out risk when it presents a parabolic upside. Use risk to one's advantage.
"Anyone voicing a forecast or expressing an opinion without something at risk has some element of phoniness. Unless he risks going down with the ship this would be like watching an adventure movie."
To me this means you don't have the right to criticize a speculation if you aren't involved.
"The left holds that because markets are stupid models should be smart; the right believes that because models are stupid markets should be smart. Alas, it never hit both sides that both markets and models are very stupid."
My fellow speculators, the "market" is presenting us with an opportunity to prove the above quotation correct.
Good luck to all.
Ghillaman
I spoke with the owner of Evergreen recycling in Indianapolis and for what its worth he spoke highly of the acquisition and believes his growth prospects are strong. He doesn't know of anyone else who is consolidating profitable recyclers other than GlyEco. He plans on hiring more employees. However it appears from the 8k filed today that shareholder dilution continues. Any thoughts on the 8K? Will 2013 be a year of continued capital raising/shareholder dilution?