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Yeah, Jefferson Adams Bootes does sound like a bad stage name.
Sorry, I got JAB's name wrong. At any rate, he checks out to be as crooked as Needham, Mancini, Watson et al.
These clowns (ILGY) have a new "board" headed by one James A. Booth. First they were Cable Advertising, then Frontier Oil And Gas (FOGL.PK), Alaskan Oil And Gas (AKOL.PK), then International Energy (ILGY.PK). Next they were bought by a company that paid investors in unsellable shares and changed its name to Caribbean Exploration Ventures (CEVU), but ILGY continues to trade. Now CEVU is Siguiri Basin Mining (SBMI.PK) and ILGY is merged with Diversified Minerals Intl., Mr. Booth's company. Just google "JAB International Fraud" for some of his previous scams. Nothing, repeat nothing these people have ever said has happened. I have no money invested in this or any other penny stock; I work in the Cook Inlet Alaska oilfield, and these morons were bilking people with grandiose pronouncements about their intentions in Cook Inlet. I was flamed mercilessly when I started posting on this board, but eventually everyone saw I was right. Mancini, Needham, Watson and now Booth, are milking this scam and no one can stop them, apparently.
Did you really think these people had anything tangible? I've heard the phrase "due dilligence" bandied about on this and other PK forums; give me a break. I've never invested a dime in any PK, but when these clowns announced a "major find" in Cook Inlet (Alaska) it didn't take a dozen Google searches to figure out this was a scam.
FOGL, AKOL, TWOG, ILGY are all the same, a boiler room scam run with an answering service and the address of a hotel's meeting room in Houston. Better luck next time, and remember, don't bet money you can't afford to lose.
I believe Needham and Mancini are the common thread in this fraudulent tapestry. I can find no evidence of any actual assets controlled by these people.
I'm still here on the shores of Cook Inlet where this scam began, wondering when this will run its course. FOGL, AKOL, TWOG and ILGY; they're all the same. Like Oakland, CA, there is no there there. I don't have a dog in this fight, just an observer.
It appears you have mistaken me for someone who cares what you think. For the slow-witted, I repeat, I have never held any position in AKOL. Since I work in the Cook Inlet oilfield, I was curious as to where this company planned this enormous oilfield no one here has ever heard of. I was flamed mercilessly by the wags on this board for doubting AKOL's fraudulent press releases. If you want to make money by shuffling pieces of paper, knock yourself out. Since they are now carrying the scam to the Caribbean and Russia, I no longer care what they say; I'm not there to see whether or not it's true. Given the mendacity they have displayed in the past, I have more than a few doubts about anything emanating from AKOL.
I don't know what you think this article has to do with AKOL. Either you are incredibly stupid or you think everyone else on this board is. As AKOL no longer claims to have an interest in Cook Inlet, I'm out of here. I never had any financial interest in them, only an interest in the truth. I am now certain that they are nothing more than an address, bad website and an answering service. The latest "Russian LOI (LOL) was the most incredibly nervy, unsubstantiated claim I've ever seen. Is there no consequence to such naked fraud? I'll be up here, helping to wring the last black gold from the Cook Inlet field, trying to make it to retirement. I am well satisfied that AKOL and FWOG have no role in my life.
This article is the speculation of a geologist whose job it is to speculate. Oil companies have their own people to assess the viability of a prospect, and apparently none are interested at this juncture. The idea that a Pink Sheets company that was known as Cable Advertising less than a year ago could even sniff at this project is preposterous.
AKOL does not exist outside the minds of Mssrs. Mancini and Needham. No public report of the existence of this company has ever come from anyone but these two. Fowler is similarly obscure, and their website is even less specific as to assets and intentions. What street was that word on?
Where is the Burger Project? Google finds nonesuch. By MMS, do you mean Mineral Management Service? A search of their site yields no results relevant to AKOL. Exactly what street was this word on, anyhow?
Ask away; the big 0's in your alias appear to be the true value of this stock. I'm not an investor aside from a 401k. Can anyone tell me if the SEC really allows acts like AKOL and FWOG to issue stock, even on the Pink Sheets? Can you really sell a piece of blue sky based on spurious claims and not violate the law? If so, P.T. Barnum was born too soon; he'd have gone nuts in this market.
I don't know how stupid you think everyone else is, but anyone who can find a random search engine, Google or otherwise, will find no reference to FOGL or AKOL. Play with the paper as much as you like, but don't pretend there is any "there" there. AKOL/FOGL/Cable Advertising is nothing but a bad website and self-generated press releases. Fowler is even more laughable. BTW, I'm now on contract to Chevron-Texaco, which bought Unocal today. I hope they retain my company's services, but you never know. We've been in Cook Inlet for over 30 years, but a change of ownership puts everything on the block. Chevron-Texaco is big enough to shutter this whole operation and move on. That would be very unfortunate for me and the entire Kenai Peninsula economy. It also could mean new investment in the old Cook Inlet field; there's still life in this field. Time will tell.
Hi, rbtree. Thanks for the steer to Fowler's website. It's even worse than AKOL's. I seriously doubt they exist. I think you can lump AKOL, FWOG, Nevada Holdings and the GeoScanex technology into the same scam. You might make money on the paper, but don't think they will ever make a divot in the planet. I e-mailed Fowler. I'll be interested to see the reply, if any.
You've been drinking again. People who can't hold their liquor should abstain. You become bothersome and difficult to understand. You can't even construct a specious argument effectively. You and skywalkin are simply out to bilk investors who have no idea what Alaska oil development is about. You trot out articles about North Slope oil as though it means something to Cook Inlet O&G development. Most people have no idea of the size of Alaska. The Kenai Peninsula alone is bigger than New Jersey.
Once and for all, I depend on O&G development for my living. I would love to see AKOL come steaming into Cook Inlet with a jackup rig and start punching holes. As of now, they have no leases, cannot be reached by phone or e-mail, and have not released any "information" via press release since Thanksgiving. I can find no independent verification of this company's existence, only publications reprinting AKOL's spurious press releases. I'll bet you've never been north of the Mason-Dixon, let alone the Canadian border. You two are pathetic.
Sure, Needham/Mancini, that's why I work in Nikiski on contract to Unocal and have advertised real O & G ventures in Cook Inlet on this board. I can't say for sure, but I'd bet Cook Inlet Keeper has never heard of AKOL. Shavelson is out to shut down the existing oilfield and protect his precious Kachemak Bay and the south inlet from O & G exploration, not to shut down a penny ante con game on the internet.
Kachemak Bay is incredibly beautiful, but the north inlet is no slouch. I've seen tourists at Captain Cook Park taking pictures of the platforms, seemingly oblivious to or even annoyed by the 10,000' plus volcanoes in the background. O & G development obviously ruined this place for them. As long as they get their fish, tourists don't mind responsible O & G development. Neither do residents like me. Even commercial fishermen have come around now that their market has been ruined by farmed fish. Look to Bristol Bay for the next big leases and exploration.
Good morning, rbtree. We did get a little snow, enough to ground the helicopters and keep crew changes from happening on schedule; a lot of overtime expense for Unocal.
You must know you're preaching to the choir on the subject of AKOL. I looked at XLPI; interesting, but I am not an investor except for my 401K. Thanks anyway.
You are either as stupid as you appear or entirely shameless. Any Alaskan with an interest in Inlet oil and gas has seen everything you are trotting out and more. None of this changes the fact that Frontier/Alaskan/Cable Advertising has no physical entity other than an address in Katy, TX and an answering service. Oh, right, and an e-mail address (just wait for a reply) and a website composed of poorly written fiction and material pulled from the internet presented out of context.I would encourage any potential investor who actually believes AKOL will ever even attempt to produce one vial of oil and a whiff of gas to try to contact them directly.
Yes, Cook Inlet oil and gas prospects exist. I have the list of lessees, and nowhere does AKOL appear. Eighty acres of private property somewhere, and they will not say where, in the Cook Inlet Basin is not a basis for investment. I have .92 acres within an area that has been leased by Escopeta. I live in a very nice but modest house on this property. In Alaska we do not have mineral rights. I would have to lease my own land to drill on it. The state owns the mineral rights. Think about it.
Usebelli is a huge and well established coal mine near Healy in the interior. They had a 20 year contract to supply Sun-Eel of Korea with coal via rail to Seward and a huge ship loading facility there. This contract recently expired and was not renewed, but they are still operating in a lesser capacity. frnth1 is still trying to confuse traditional natural gas exploration with shallow coal bed methane technology. Anyone with an IQ half their age can find out the difference in one google search. frnth1 is a simple jackass who doesn't mind stealing. He deserves no more response. I'll keep posting here until this sham is done. Thanks again.
Thanks for the kind words; they're few and far between for me on this board. I'm just trying to keep innocents from believing the pump this worthless stock gets from some posters here. I found this doing random searches looking for independent info on FOGL (now AKOL). Their site is laughable to anyone familiar with the Inlet oilfield. I have no financial interest in this.
Apparently you are drunk or otherwise impaired. Not that there's anything wrong with that; you simply can't handle it well. Making money and making oil are not the same thing. A shell game can make money without producing anything of value besides momentary diversion. That is not what AKOL purports to be, but that is what it appears to be.
You are a slow learner. You are either unintentionally ignorant
of the situation in Cook Inlet or willfully attempting to distort the facts, as AKOL certainly wishes to do. Is that you, Mssrs. Mancini/Needham? Bring the facts, I can take it. Ancient press releases don't cut it. Bring something from the last year to the table. I doubt you can.
Coal bed methane is a relatively new technology which involves pumping out the groundwater in the shallow formation. Many fear this will affect the water table and surrounding water wells. In the Cook Inlet region, this type of exploration has only come to the table in the past 5 years and has been vociferously opposed by everyone it has impinged upon. The cost/benefit has not worked out as of yet.
I am no expert concerning this technology. I feel comfortable saying your knowledge of this and any other oilfield technology would fit easily in a thimble. This is a very contentious topic in my neighborhood, so I have some information on the subject. I'm no geologist; you apparently are nearly human, as you can type a crude form of language into a qwerty keyboard. Congratulations on your achievement.
These State studies are the facts about what is estimated to be in the ground over a very large area. AKOL has deliberately made it seem they can tap this resource from a very small area. The truth is that it would take hundreds of holes over the entire Cook Inlet Basin to possibly tap some percentage of the estimated reserves. AKOL has also confused shallow coal bed methane with real natural gas production. One technology has little to do with the other. Look it up. The remainder of Cook Inlet oil and gas reserves are very deep and so far no reputable oil company believes it is worth pursuing. I hope this changes. With prices as high as they are the risk/reward may come to favor this endeavor. From what I have been able to determine, Cable Advertising/Frontier Oil & Gas/Alaskan Oil& Gas has no role in any possible future exploration. I could be wrong, but I'm pretty confident in my assessment.
While there are possibilities in Cook Inlet, ANWR is the hot property now. We have been trying to get access to this area for 30 years, but the bunny huggers won't allow it. Most of these morons don't even know what ANWR is, but they want to prevent us from using our resources for our own good.
The other big deal is the natural gas pipeline from the slope to somewhere. The oil companies would like to send the gas straight to Chicago. We in the Cook Inlet area would like to see it come to tidewater here. We have an existing LNG plant which will have to shut down by 2009 unless more gas can be produced at an economic rate. Local sources cannot meet the criteria. We have gas, but it is too expensive for the industrial applications such as the fertilizer plant, currently owned by Agrium, which has been an anchor for the local economy for 40 years. They will close this November, taking a direct $230,000,000 per year payroll and indirect losses even greater from the local economy. Gas from the slope could revive this operation, as well as the Conoco-Phillips LNG plant.
These are the real issues where I live. You must see why AKOL annoys me so much. As far as I can see, they're white collar criminals. I wish they would prove me wrong.
Know this; there are some legitimate small companies in Cook Inlet, such as Prodigy, Aurora, Forest (which has actually installed a platform and proceeded to downgrade estimated reserves from 56,000,000 bbl to 8,000,000 bbl), and Pelican Hills, which recently pulled out after drilling several dry holes. I'm on contract to Unocal, which has 9 platforms and 2 onshore production facilities, and Conoco-Phillips, which has one platform, one onshore facility and an LNG plant which, in partnership with Marathon, exports LNG to the far east. I have shown the AKOL press releases to the people who run this field; they have no idea who AKOL is. AKOL themselves have not been forthcoming when I questioned them directly as to the location of the Fowler Prospect, referring me to their moronic website.
Escopeta Oil & Gas has 128,000 acres of leases adjacent to the producing field in Cook Inlet. A retired Unocal geologist has reworked existing seismic data using a new method and believes there are trillions of cubic feet of gas and hundreds of millions of barrels of oil on these leases, but it is far deeper than the existing field. Getting to it will be a huge, incredibly expensive gamble. Escopeta is a small independent without the resources to attempt this on their own. Even the majors wouldn't touch this on their own. One dry hole on the Steelhead platform cost Unocal almost 13 million dollars, and it was nowhere near as deep as Escopeta needs to go. That was drilled from a production platform, alleviating the need for a jack-up rig which costs up to $100,000 per day.
This is all verifiable. What is not verifiable is the ethics of people who make money on bogus press releases. A legitimate oil company would have more than a website and an answering service pretending to be their administration. The only reason I ever got involved in this is because this field is dying. There are 4 "lighthouse" platforms, shut in, unmanned and only producing enough gas to run the marker lights. This whole field would have been gone in the 80's if the State would have allowed Unocal to cut the platforms off at the mudline and tow them to deep water and sink them. The State said no, you will cut them off 40 feet below the mudline and bring them onshore for bioremediation. The upshot of this is that it would cost 15 to 20 million per platform to remove them. Thusly, the Cook Inlet oilfield survived. Unocal would be out of here today if they had their way, but it was too expensive.
The recent oil price spike has led Unocal to invest some money in existing production facilities which have been allowed to decline in the abandonment mode under which they had been operating. Oil needs to remain over $35.00 per barrel to make this field viable, so this may be an ephemeral phenomenon. So far, Unocal has not committed to punching new holes, only reworking existing wells to increase production.
My livelihood depends on this oilfield. That is why, when Frontier Oil and Gas showed up on my Yahoo home page last October, I was interested. I work in an oilfield support industry; I don't care who uses our services as long as someone keeps my paycheck coming. Oil companies are pretty secretive when it comes to their plans for the future, and they have been known to disinform for strategic purposes. I don't claim to know what the future will bring in Cook Inlet, but I have been observing it closely for over 25 years. You say I'm questionable? Bring your extensive knowledge to the table.
No, and I know these people personally. They are Homerrhoids and won't be satisfied until the oil industry is out of Cook Inlet and all of Alaska. Up here in Nikiski the mood is more "Please, God, give me one more oil boom and I promise I won't piss it away this time."
You are either denser than the core of the sun, trying to make an unethical fast buck on something you know to be a scam, or Needham/Mancini typing on a wireless laptop on the beach in Aruba. Anyone who wants to know why I'm posting on this board can go back to my original posts starting in 10-2004. I LIVE HERE, YOU MORON!!!!! I know more about the Cook Inlet oilfield by accident than the remainder of this board knows by "due dilligence".
If you would like to meet me, be at the Night Watch in Soldotna this Saturday at 800PM. Just stay on the Sterling Highway, it's the first left after you cross the river. I'll be having a cold one and visiting Annie and Randy, one old friend and one new one who works on the Anna platform. I'm buying. The conversation should be interesting.
Go back to last October on this board and your questions should be answered. I am not only not shorting this stock, I have no investment in this or any other oil stock outside my 401k, and that is strictly mutual funds. I would love to see the Cook Inlet oilfield boom again, but the prospects are not good. Do some real homework.
You forgot to mention that BS is overflowing. This is a very important stat to the average investor. You may make money shuffling paper, but producing oil and gas takes more than a lame website and 80,000,000 shares of penny stock. One day rate for a jack-up rig costs more than all of AKOL's market cap.
I'm just another laborer in the Cook Inlet oilfield. I only know what I hear and see, and that is that this field is dying. If ANWR opens, this field will be orphaned. Unless Unocal is willing to hand the keys to some upstart, which they have not been for the past 15 years, this field is on the way out. If Chevron-Texaco purchases Unocal, as is rumored, Cook Inlet will not even be a gnat on a dead whale's ass. They will either uproot the platforms or give them to someone who will assume the environmental liability to remove them. So far there are no takers.
I could expound, but I don't have the time or space. Suffice it to say I have no tips for investing in Cook Inlet oilfield companies. There may be some; I just don't know about them. There are several small companies trying to raise cash to tap the reserves the majors do not deem worthwhile to pursue. These reserves are far from certain and mostly very deep and costly to pursue. One well would be a make or break for a conglomerate of small companies. So far no legitimate plans to "go deep" are in the offing. Alaskan Oil & Gas has no role in any exploration plans in Cook Inlet that I know of.
If you bother to read my posts you will see that I have no investment in this stock and never have. I am, however, a hot shot. Thanks for recognizing that. Good luck with those e-mails. There are a lot of investors waiting for Cable Advertising to return their communications in any form. I'm not one of them.
Hope is on Turnagain Arm. No leases have been sold anywhere close to there. Kenai Peninsula Borough records do not indicate the existence of a "Fowler Homestead" anywhere on the Peninsula. Which one are you, Needham or Mancini?
I am in Nikiski, Alaska on the shores of Cook Inlet. Try to find Fowler Oil & Gas on a google search. All I've found are some Circle K's in Alabama. No one at Unocal, Forest, XTO or Marathon has ever heard of these guys. If you want to see some real info on Cook Inlet, search for Escopeta Oil & Gas Cook Inlet. They own 128,000 acres in the inlet, and they can't find a partner to bring in a drilling rig. They are privately held, but looking for investors.
I don't know what you think ANWR has to do with AKOL, but the answer is absolutely nothing. ANWR is 600 miles from Cook Inlet and the mythic "Fowler Prospect". AKOL has no interest there and appears to have none here either.
I tried to tell you months ago. I work in Cook Inlet; no one has ever heard of these clowns. Their web site is so weak as to be laughable. Anyone who put one cent behind this fraud has only himself to blame. I'm not invested into this or any other stock outside my 401k, but this whole thing stunk from square one. That's the only reason I've posted here. I've been roundly abused for telling what appears to be the truth to me. Do a search for Fowler Oil & Gas. All I found was some Circle K's in Alabama. I genuinely wish what they say was true. My job would be much more secure were it so. Nothing I've seen supports this.
Is anyone still out there? I'm feeling lonely up here in Nikiski. I'm still waiting for Needham or Mancini to stop by. I'm sure it'll be any day, or at least as soon as they return from the Caribbean.
I live 2 miles from Cook Inlet. I work in the Cook Inlet oilfield. No one knows anything about these clowns. The project they describe on their website would take a decade to bring to fruition, minimum. They make no sense from an oilfield perspective, and the capital required for such a project is not a Pink Pages proposition. I've tried to find information on these people for the last 45 days or so with no results. Draw your own conclusions.
My original question; I'm sitting on the bluff overlooking the Cook Inlet oilfield wondering; where is the Fowler prospect? Now I also wonder; who is Geoscan(m)ex? An underground river in the Sahara? Exploring the Caribbean? Now a new name and web site. I can hardly wait.
Red Sox Win!!!!! Red Sox Win!!!!! My sincere congratulations.
Bust down their front door? Try to find their front door. I think they're investigating the Caribbean right now on your dime. Lots of colorful drinks with little umbrellas in them.