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Mike on America (video)
The price of oil may not be good for consumers at the pump, but for American oil producers it's the best of times. CNBC's Mike Hegedus travels to Virgin, Kan., for today's On America segment.
http://www.cnbc.com/id/15840232?video=596719937
http://www.cnbc.com/id/21882116
http://www.enerjexresources.com/index.php
The "New" American Oil Boom?
Posted By:Mike Hegedus
Topics:Housing
Sectors:Oil and Gas | Travel and Leisure
If you're into investing in the oil business, you've likely heard about the potentially huge find off the coast of Chile. In large measure it's thanks to new technology. So is what's happening in Eastern Kansas, an oil "boom" that's probably flown under your radar.
"Kansas is one of the top ten oil producers in the United States, most people don't know that." So says Steve Cochennet, the CEO of publicly traded EnerJex Corporation Enerjex Resources IncEJXR
0.91 -0.29 -24.17% OTC BB
Quote | Chart | News | Profile | Add to Watchlist
[EJXR 0.91 -0.29 (-24.17%) ] . It is based in Overland Park, Kansas. He and I are walking across an open Kansas plain known as the Black Oaks Field. He goes on, "I can easily spend a hundred million dollars within a hundred miles of Kansas City. So this area alone has great potential."
The potential he's talking about is measured in thousands of barrels of high grade crude. Oil that is already sitting under this two thousand acres of Kansas. In fact, there's oil being pumped out of here every day, has been since it was first drilled in 1917. But the "boom" times for this area have long since passed.
Most of the major oil companies took whatever they could out of Eastern Kansas in the 1940's and 1950's, leaving what was left to small producers like Mark Haas of Haas Petroleum. He and his dad have worked this Black Oaks area for 60 years. You can see the history of Kansas oil etched in the face of Haas' 80-plus year old father as he sits in the front of the pick up. "He doesn't walk too good anymore, " Mark Haas says, "but he still loves to come to the field. Loves to smell the oil."
The landscape is dotted with wells. Wells that have been supporting the Haas company for a long time now, pumping one, maybe two barrels a day. At current prices and with the number of wells the Haas' own leases on, it's a very nice living. But then along came Steve Cochennet and EnerJex. What EnerJex is doing is raising capital and then uses that capital in partnership with lease holders and drillers like the Haas family, to apply the latest technology to these existing oil fields in Kansas. Understand that there is still lots of oil down there, it just won't come up out of the ground very fast, no pressure. And while in the past, the price of oil wouldn't support reinvestment in these fields, today it will.
Brad Kramer is the EnerJex production manager at Black Oaks: "With our current technology, and what we're able to do, we have a 100 per cent success rate at this site.'
What they're doing here is using water to increase pressure in the wells and force the existing oil, down about 17 hundred feet, to the surface. It's expensive, but more than worth it on today's market. EnerJex is in the process of "rolling up" as many of these leases and partnerships as it can.
"So are times good?", I ask Cocchennet. "Good?", he laughs, "Times have never been better." Mark Haas' Dad is all smiles too, sitting in that pick up. He loves the smell of oil.
"MOA" can be seen three days a week on "Power Lunch" on CNBC, and this week, on Thanksgiving Day at 11 am eastern time, you'll be able to see a whole hour of our adventures around the country. Tune it, sit back, and get a good look at business success stories off the beaten path. We'll see you along the road.
Questions? Comments? mikeonamerica@nbcuni.com
© 2007 CNBC, Inc. All Rights Reserved
http://www.cnbc.com/id/21882116
Posted by: ajcmstocks
In reply to: None Date:9/10/2007 4:22:10 PM
Post #of 21333
Does anyone know what these after hour trades "truly" are? I don't mean this in a negative way, but is it a fact that these trades are pre-negotiated prices? Or is that just a theory?
IMO, it is a very bullish sign, but I'm just asking this out of curiosity, because I honestly don't know exactly "what" these trades are... and I'm not afraid to admit it ;)
Posted by: brikk
In reply to: ajcmstocks who wrote msg# 21273 Date: 9/10/2007 4:36:42 PM
Post #
aj, i just got off the phone with DR minutes ago and we spoke about today's late print. they said that when an institutional buyer wants a block of stock in a low floater like DPDW they will contact NITE or another broker and request, for example, "56,000 shares at .645" and the MM will locate the shares and fill the order, and it's not uncommon for it to take place in pre or after market. this rep made it sound as if the MM will literally take the stock down to that level for the fill. i'm not surprised, based on what i've seen happening here lately.
Posted by: tombrady12nh
In reply to: brikk who wrote msg# 21271 Date: 9/10/2007 4:26:52 PM
Post #
brikk-I have heard the same thing-Institutional buys.
Posted by: Charlatan
In reply to: ajcmstocks who wrote msg# 21268 Date: 9/10/2007 4:34:36 PM
Post #
They are Form-T trades. Normaly they are trades made from one MM to another MM. In most cases it is to cover an imbalance.
Posted by: Charlatan
In reply to: ajcmstocks who wrote msg# 21286 Date: 9/10/2007 5:10:18 PM
Post #
Sure they could be, but it could be a number of other things too. So many other things infact that there really is no way to know. The most common reason for T's is simply to balance books at the EOD.
http://investorshub.advfn.com/boards/replies.asp?msg=22742386
A couple of decent investors opinions of charts/TA..............
"Critics of technical analysis include well known fundamental analysts. For example, Peter Lynch once commented, "Charts are great for predicting the past." Warren Buffett has said, "I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer" and "If past history was all there was to the game, the richest people would be librarians."
OIL SHALE DEPOSITS IN THE UNITED STATES
Oil Shale Reserves
"America's oil shale reserves are enormous, totaling at least 1.5 trillion barrels of oil. That's five times the
reserves of Saudi Arabia!"
"Shell thinks the whole thing is economic at a crude price of $30. So barring a major reversal of geopolitical trends,
they're forging ahead."
http://www.dailyreckoning.com/rpt/OilShale.html
Oil & Gas Journal article
"Is Oil Shale America's Answer to Peak-Oil Challenge?"
http://www.fossil.energy.gov/programs/reserves/publications/Pubs-NPR/40010-373.pdf
Nice board. Nice concept. Boardmarked.
Are you more technical, more fundamental, combination?
Entry criteria? Exit criteria? Money management technique?
TIA
I agree. Makes no sense. They say it's temporary, but been this way for about a month. They were great until this and am using Bank of America for now as they have no such restrictions.
Read the recent discussion on trade restictions with some brokers. I have been trading with Investrade for over 15 years and just recently they enacted this policy. Huge pain in the A$$.
Important Security Message:
Recently, an increase in fraudulent activity in brokerage accounts, involving OTC Bulletin Board and Pink Sheet stocks, across the U.S. and Canada has been reported by both the U.S. SEC and the Canadian IDA. Identity theft schemes involve the “hijacking” of accounts through “phishing” and “malware”. “Phishing” refers to emails that prompt a user to visit a Web-site (designed as an official web page) and enter personal information under a legitimate pretext. “Malware” or “spyware” involves malicious programs loaded on a user’s machine allowing intruder access or the logging of user activity for illegitimate use. It is important that customers always take strong precautions to protect their account information and computers.
For your protection all OTCBB and Pink Sheet stock orders must be called in to a broker.
Flash Flood Watch
Montgomery (Kansas)
FLOOD WATCH
NATIONAL WEATHER SERVICE WICHITA KS
1147 AM CDT MON JUL 2 2007
KSZ071-072-095-096-099-100-030000-
/O.CON.KICT.FF.A.0007.000000T0000Z-070703T0000Z/
/00000.0.ER.000000T0000Z.000000T0000Z.000000T0000Z.OO/
WOODSON-ALLEN-WILSON-NEOSHO-MONTGOMERY-LABETTE-
INCLUDING THE CITIES OF...YATES CENTER...IOLA...FREDONIA...
CHANUTE...ERIE...COFFEYVILLE...INDEPENDENCE...PARSONS
1147 AM CDT MON JUL 2 2007
...FLASH FLOOD WATCH REMAINS IN EFFECT UNTIL 7 PM CDT THIS
EVENING...
THE FLASH FLOOD WATCH CONTINUES FOR
* A PORTION OF SOUTHEAST KANSAS...INCLUDING THE FOLLOWING
AREAS...ALLEN...LABETTE...MONTGOMERY...NEOSHO...WILSON AND
WOODSON.
* UNTIL 7 PM CDT THIS EVENING.
* ALTHOUGH THE POTENTIAL FOR SIGNIFICANT ADDITIONAL RAINFALL IS
DIMINISHING ACROSS THE FLASH FLOOD WATCH AREA...MAJOR TO
RECORD FLOODING CONTINUES ON AREA RIVERS...MOST NOTABLY THE
NEOSHO RIVER. THERE IS CONTINUED CONCERN THAT ANY RELEASES
FROM UPSTREAM RESERVOIRS MAY CAUSE AREA LEVEES TO BREACH.
THEREFORE THE FLASH FLOOD WATCH HAS BEEN EXTENDED UNTIL 7 PM
FOR THE SIX COUNTIES IDENTIFIED.
FLASH FLOOD WATCH MEANS THAT CONDITIONS MAY DEVELOP THAT LEAD TO
FLASH FLOODING. FLASH FLOODING IS A VERY DANGEROUS SITUATION.
REMEMBER TO TURN AROUND...DON`T DROWN.
YOU SHOULD MONITOR LATER FORECASTS AND BE PREPARED TO TAKE ACTION
SHOULD FLASH FLOOD WARNINGS BE ISSUED.
$$
EPS/ADK
http://www.weather.gov/alerts/ks.html#KSZ099.ICTFFAICT.164700
Here's some good stuff:
Compilation of key/important/interesting company emails.
http://www.investorshub.com/boards/read_msg.asp?Message_id=20038978
http://www.investorshub.com/boards/read_msg.asp?message_id=19547644
http://www.investorshub.com/boards/read_msg.asp?Message_id=19467814
http://www.investorshub.com/boards/read_msg.asp?message_id=19464704
http://www.investorshub.com/boards/read_msg.asp?message_id=19445230
http://www.investorshub.com/boards/read_msg.asp?message_id=19400189
http://www.investorshub.com/boards/read_msg.asp?Message_id=18917971
http://www.investorshub.com/boards/read_msg.asp?message_id=18731355
http://www.investorshub.com/boards/read_msg.asp?Message_id=18450637
http://www.investorshub.com/boards/read_msg.asp?message_id=18441825
http://www.investorshub.com/boards/read_msg.asp?Message_id=18149530
http://www.investorshub.com/boards/read_msg.asp?Message_id=17962004
http://www.investorshub.com/boards/read_msg.asp?Message_id=17956526
http://www.investorshub.com/boards/read_msg.asp?Message_id=17936306
http://www.investorshub.com/boards/read_msg.asp?Message_id=17894858
http://www.investorshub.com/boards/read_msg.asp?Message_id=17893254
http://www.investorshub.com/boards/read_msg.asp?Message_id=17569504
http://www.investorshub.com/boards/read_msg.asp?message_id=17354916
http://www.investorshub.com/boards/read_msg.asp?Message_id=17112474
http://www.investorshub.com/boards/read_msg.asp?Message_id=17099550
http://www.investorshub.com/boards/read_msg.asp?message_id=17023682
http://www.investorshub.com/boards/read_msg.asp?message_id=16317353
http://www.investorshub.com/boards/read_msg.asp?Message_id=16272696
http://www.investorshub.com/boards/read_msg.asp?Message_id=16135062
Original 4 part email from Keith to Lowman
http://www.investorshub.com/boards/read_msg.asp?message_id=15474237
http://www.investorshub.com/boards/read_msg.asp?message_id=15483929
http://www.investorshub.com/boards/read_msg.asp?message_id=15538011
http://www.investorshub.com/boards/read_msg.asp?message_id=15640987
Hemi is a wonderful stock. After taking a look, I can't fathom why I hadn't membermarked you already, but after your rebuttals to Oblivious and all the gang I corrected that problem. Funny how it seems the pump/dump/3-day flippers are the most chatty and never contribute one spec of serious DD. Thanks for your terrific observations of late.
I also own some Chesapeake and just called them and couldn't get through to the CEO. Talked to a lower level
and he wouldn't tell me what leases they are negotiating and how much oil they pumped yesterday. Think
I'll sell my entire position.
Hemi is a great stock.
Oblivious you've been gone 7 days.
Posted by: Ovidius
In reply to: None Date:6/21/2007 9:38:33 AM
Post #of 14968
Lowman, have you posted the picture of your 500K Hemi certs yet? Anyone can answer if there is a post I'm missing. thanks.
If not, why is it taking so long to do so?? I'm Looking for those who announced taking the certs to step up to the plate and show the world you follow through!
Hey, lets verify what we ourself control... I've only seen one person post his/her cert... Come on all you big holders who claimed to take your certs, step up reveal the truth!!
Compilation of eyewitness surveillance from a local Kansas HMGP investor. Very good reading.
http://www.investorshub.com/boards/read_msg.asp?message_id=20113825
http://www.investorshub.com/boards/read_msg.asp?message_id=20316836
http://www.investorshub.com/boards/read_msg.asp?message_id=20386665
http://www.investorshub.com/boards/read_msg.asp?message_id=20399534
http://www.investorshub.com/boards/read_msg.asp?message_id=20399534 (pictures)
http://www.investorshub.com/boards/read_msg.asp?message_id=20507276
http://www.investorshub.com/boards/read_msg.asp?message_id=20513654
http://www.investorshub.com/boards/read_msg.asp?message_id=20547815
http://www.investorshub.com/boards/read_msg.asp?message_id=20646306
http://www.investorshub.com/boards/read_msg.asp?message_id=20688531
http://www.investorshub.com/boards/read_msg.asp?message_id=20775156
http://www.investorshub.com/boards/read_msg.asp?message_id=20778195
This would go nice in the Ibox. Very good work.
I just got off the line with Transfer Online and asked a series of questions.
1. What is your general policy of quoting OS of one of your clients?
With Company permission only.
2. Are all of your clients under this policy?
Yes
3. So there is not a single client of yours that I could get OS for now today?
That is correct.
4. I had heard that your firm was "gagged".
No Sir we are not "gagged", it is just our policy to quote OS after permission is granted.
Here's a picture of one that someone posted.
Seems to be a pattern here.
http://www.investorshub.com/boards/read_msg.asp?message_id=20629601
http://www.investorshub.com/boards/read_msg.asp?message_id=20512843
http://www.investorshub.com/boards/read_msg.asp?message_id=20514369
http://www.investorshub.com/boards/read_msg.asp?message_id=20591128
http://www.investorshub.com/boards/read_msg.asp?message_id=20597094
http://www.investorshub.com/boards/read_msg.asp?message_id=20625208
http://www.investorshub.com/boards/read_msg.asp?message_id=20630724
Link??? eom..
Thanks. Is that just a rule of thumb? I've read where proven
reserves are valued much more than probable. Is that factored
into the estimate? Seems like after the latest acquisition we
will probably have 2 to ? times as many reserves and more on
their way. And this is just one county in one of 5 states Hemi
has leases in.
SEC Definition of Proved Reserves
http://www.sec.gov/divisions/corpfin/guidance/cfactfaq.htm#P279_57537
Oil & Gas Reserves, Booking Standards, & E&P Performance
Market & Debt Rating Perspectives
http://www.searchanddiscovery.net/documents/2006/06033oram/images/oram.pdf
Oil and Natural Gas Reserve Prices 1982-2002: Implications
for Depletion and Investment Cost
http://web.mit.edu/ceepr/www/2003-016.pdf
Seems if it could be determined what the large amount of proved/probable reserves that are just in the Woodson County leases were valued at, a closer understanding of Hemi FMV could be ascertained. I have an older chart that shows when Oil was at $20 bbl the Hotelling value of the proven reserves was about $8 bbl. Obviously this would not include the valuation of the gas/oil leases in Montgomery County and the FOUR other States that Hemi has oil and gas leases. Any experts here?
Reserve booking
Oil and gas reserves are the main asset of an oil company. Booking is the process by which they are added to the Balance sheet. This is done according to a set of rules developed by the Society of Petroleum Engineers (SPE). The Reserves of any company listed on the New York Stock Exchange have to be stated to the U.S. Securities and Exchange Commission. In many cases these reported reserves are audited by external geologists, although this is not a legal requirement. The U.S. Securities and Exchange Commission rejects the probability concept and prohibits companies from mentioning probable and possible reserves in their filings. Thus, official estimates of proven reserves will always be understated compared to what oil companies think actually exists. For practical purposes companies will use proven plus probable estimate (2P), and for long term planning they will be looking primarily at possible reserves.
http://www.answers.com/topic/oil-reserves
Hemi Energy Group Announces Oil & Gas Reserve Study for Woodson County, Kansas Leases
The proven oil reserve as submitted by Geosystems Engineering, Inc., Dallas, Texas to Hemi Energy Group, Inc. (Pink Sheets:HMGP) is 2.15 million proved BOE and the probable reserve of 5.1 million BOE for Hemi’s five leases in Woodson County, Kansas. The total potential reserves are 7.2 million Barrels Of (oil) Equivalent for this report.
Hemi Acquires Its Most Valuable Block of Leases to Date in Kansas
Hemi has acquired additional leases that will add approximately 2200 acres contiguous or adjacent to our 5 leases with mature wells & proven reserves in Woodson County. This will give Hemi a total acreage equal to almost 11 square miles which has blanket geological formations in this part of Woodson County. This new lease acreage is part of an ongoing larger lease program in Eastern Woodson County, Kansas that we expect will become a total of more than 17 square miles by the end of this quarter. When these 5 mature leases, with proven reserves, were originally drilled there was a gas solution drive in the pay zone that produced oil wells that had production of nearly a hundred barrels or greater per day per well. Management believes that these newly acquired virgin leases will produce similar or better production than the mature leases results based on historical notes, i.e. driller's notes, well logs, core samples, etc.
Repost of an excellent post.
Posted by: xtrapink
In reply to: zguy who wrote msg# 9889 Date:5/4/2007 4:48:10 PM
Post #of 14333
zguy--BINGO!
i agree with your post 100% and i'm not here to bash the market makers...they want to make money too. They are using their tools to accumulate as many shares as they can at the lowest price that they can.
As longs, we should engage in the accumulation experience with as much vigor as they are. There is nothing bad in this PR. NOTHING!
There are, however, some EXCELLENT, QUANTIFIABLE points made in the PR that need to be emphasized, perhaps:
1. Hemi is in the final phase of acquiring even more leases in Woodson County. These leases will MORE THAN DOUBLE the footprint in Woodson County. These leases are adjacent to the current leases (that have crude occasionally bubble up from the ground). Think that will INCREASE Hemi's proven reserves... SIGNIFICANTLY? Most assuredly, I do.
2. Despite prolonged heavy rains, daily production of oil from existing wells continues and are expected to MEET CURRENT PRODUCTION ESTIMATES from existing leases.
3. Although it required a change in plans an logistics, HEMI HAS AN ALTERNATIVE to simply waiting for the flood plains of their Woodson County leases to dry out before they resume drilling--the Montgomery County lease.
4. In a relatively short period of time, Hemi will be drilling and/or reopening wells in the Mississippian formation that HAVE NOT BEEN TOUCHED IN OVER 25 YEARS.
5. EACH GAS WELL that they open/reopen is expected to produce 300-400 mcf per day--does $600-700 per day per well sound good to you? (Plus an unknown amount of oil to go along with that). PRODUCTION TO START IN MAY 2007...this month folks! (later corrected to $1575-2100 per well per day)
CORRECTED VALUES:
300mcf/day rev
x$7 per mcf
x 30 producing days/month = $63,000 gross rev
400mcf/day rev
x$7 per mcf
x 30 producing days/month =$84,000 gross rev
That equates to $756,000 to $1,008,000 per well per year GROSS revenue.
After you deduct taxes, service charges, pipeline hookup fees, BTU adjustments, etc (costs associated with selling the gas to the market) net normally approximates 75% of gross revenues.
Net Rev= $1575 per day to $2100 per day
Net Rev= $47,250 per month to $63,000 per month
Net Rev= $567,000 per year to $756,000 per year
Note: Associated Drilling costs need to be figured as a one time expense, and operating costs need to be considered when computing on-going profits.
Operating costs for gas wells are CONSIDERABLY lower than for oil wells as the equipment is more reliable and has less down time than oil well equipment.
ALL FIGURES ARE PER WELL in the Montgomery County target formation they mentioned in the PR.
Bottom line, if you were happy with $600-700 per day per well, you can be ecstatic at the more accurate figures of $1575-2100 per well per day.
Hmmm...now, just how many wells make sense???
Bottom line...RIGHT NOW it is all about the properties, and the company's ability to be nimble enough to meet production goals despite adversity brought on by Mother Nature. IN SHORT ORDER, however, when the sun bakes the mud until it is rock hard, I anticipate a FLURRY of activity that will increase production WELL ABOVE the levels that they are enjoying today.
The MMs can read too. They accumulating (as zguy correctly pointed out) by working in unison to get as many inexpensive shares as they can.
We should be just as smart and piggy back on their efforts and grab every share that we can at these levels.
The PR clearly points toward higher evaluations for Hemi in the FORSEEABLE future.
JMO,
xtrapink
--------------------------------------------------------------------------------
xtrapink
(long, strong and very pink)
Answer to previous post
Hemi Energy Group Announces Oil & Gas Reserve Study for Woodson County, Kansas Leases
Friday February 23, 9:47 am ET
GRAHAM, Texas--(BUSINESS WIRE)--The proven oil reserve as submitted by Geosystems Engineering, Inc., Dallas, Texas to Hemi Energy Group, Inc. (Pink Sheets:HMGP - News) is 2.15 million proved BOE and the probable reserve of 5.1 million BOE for Hemi's five leases in Woodson County, Kansas. The total potential reserves are 7.2 million Barrels Of (oil) Equivalent for this report.
ADVERTISEMENT
Hemi does not yet have the formal written report, therefore, we are releasing only the basic conclusions of the reserve report about the proven and probable oil reserves in BOE's for only the five Woodson County leases with mature oil wells. Hemi is very excited about the conclusions for both of the oil reserves in the report. However, Hemi needs to see all of the information, including geological make up of the formations, engineering reports, economic and valuation variables along with any other pertinent data, before Hemi accepts the formal independent geological reserve report. After Hemi management has had an opportunity to read and study the entire written report they will release any additional information which is relevant to the oil reserves on these leases in Woodson County, Kansas.
Hemi Energy Group is an independent crude oil and natural gas producer employing a unique business model capitalizing on technological advances to exploit mature fields with millions of barrels of proven oil remaining in the ground. Using attractive lease/royalty packages, the company's forward-thinking strategy has placed it in an enviable position at a time when prices and global demand for oil continue to rise.
Building on decades of experience in enhanced oil recovery, Hemi has successfully amassed a substantial and attractive portfolio of these high-quality domestic properties. By streamlining operations through cutting-edge technologies, Hemi has the ability to operate more effectively and efficiently than larger oil companies.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
For additional information, please go to http://hemienergy.com or http://www.stockinformationsystems.com/c/HMGP/index.html.
Contact:
Stock Information Systems, Inc.
James McBeth, 801-568-1873
MSN goes back to January. I will find the others and post link.
http://news.moneycentral.msn.com/ticker/rcnews.asp?Symbol=US:HMGP&iView=all
"We are very secretive, almost reclusive, and I know this drives the investors crazy, unfortunately, this is the way it has to be. If people are uncomfortable with any of this, then invest in something they are comfortable with. I SERIOUSLY MEAN THIS STATEMENT! We are in a high risk business. Every day there is little to no margin for error and if an investor is not comfortable with our strategy... then PLEASE re-consider buying our shares, because we are not going to change and the investor will sleep better at night."
Quote from K. Anderson back in 2006 probably read by everyone here at one time. In the IBOX from original 4 part letter.
The long term investors will relate to it more than the new ones. But a hint is that a certain Hemi investor jokes a lot about mobile homes. Rhymes with bagman.
Just got off the phone. Found out some interesting info. Seems that all the below market afterhour sales are tied into an investor liquidating his position to keep his mobile home out of foreclosure. The most interesting news was that as soon as the investor is fully liqudated they are releasing the financials and all the super top secret stuff.
Disclaimer: this is tongue-in-cheek/attempted humor
That is correct. It was just a post to put in perspective what one leaseholder/landowner thought his lease was worth and was listed in an unorthodox venue. (craigslist) Just a bit of info on the possible FUTURE value of the leases. Hope it didn't cause any confusion.
10K buy ran the ask to .32. LOL
06/12/07 14:51:35 0.27 0.26 0.32 10000
"If the new shares are issued for proceeds at least equal to the pre-existing book value per share, then there is no dilution in value. The old owners own a smaller piece, but of a bigger company."
http://en.wikipedia.org/wiki/Stock_dilution
Posted by: pink floyd
In reply to: None Date:4/5/2007 2:10:43 PM
Post #of 13422
An e-mail from Keith said that the OS is around 45 million. 25 million in the form of restricted shares. He said the increase in the float was due to restrictions being lifted on aged 2004 & 2005 Reg. D issuances. As usual Keith is about the most shareholder friendly CEO out there.
Posted by: lowman
In reply to: Sup3D who wrote msg# 8340 Date:4/5/2007 12:55:35 PM
Post #of 13422
Yes, the o/s has gone up, but only in the form of new restricted shares, as pay/bonuses, and for a 'soon to be announced' acquisition that I believe is still being 'legalized'.
I'd elaborate more, if I knew more.
However, Keith has assured us that the o/s is capped at 50M. One VERY good reason we can believe this is because dilution hurts the insiders as much as it hurts us 'outsiders'.
Natch, the larger the position, the more it hurts, and insiders have the largest positions here. FWIW
Posted by: Ovidius
In reply to: None Date:3/14/2007 8:22:24 AM
Post #of 13421
I heard back from Keith on the e-mail I sent. Pretty much you can guess the questions based on his answers. I'm posting this without asking Keith first, but it seems he has always been supportive of sharing his messages.
Here it is:
I just got back in the office after being in Florida for the past few days, for this World Business News interview, I have not had the chance to really catch up on what has been going on with our stock.
1. No I retired in 2001 when I turned 40... it was a goal of mine. It did not work out, because I think I was cofusing burnout with retirement LOL, plus I was much too young and needed a new challenge, so I returned to my roots in the oil and gas business. I really never intended for Hemi to trade publicly, but the initial industry investors wanted liquidity so... here we are.
2. Usually when we issue restricted shares, they are restricted 2 years... so yes we always have old aged stock coming on the market. Please dont confuse this with dilution because, with the work we do it takes some time for the value to catch up to the stock issued. IE Revinue/production justify the issuance by the time the restrictions are lifted.
3. We havent undergone auditing... but I feel like Hemi should have a minimum of a $1 share value, thats isnt including revenue. This value is based on oil and gas industry standards, IE reserves, equipment, desirability of reserves, information, infrastructure and all the other things it takes to produce oil and gas.
I really dont know what to say about holding or selling the stock, basically we are doing the same thing at .02 as we are at .50 and I suppose we will be doing the same thing at $1 or $5 or $10, us insiders have our necks on the line just like you shareholders do, we make no special rules for either... we simply work for a living and hope we are smart enough to keep finding and producing the oil and gas reserves we do find.
Thanks for the support
Keith A,
"Neither Hemi's management, nor Hemi Energy, Inc., has sold stock in the open market in 2007. The leases that have been acquired in 2007 have been acquired predominately for cash, through attractive royalty concession and only an insignificant number of new shares have been issued for these new leases"
Almost always, if not always, restricted shares.
Energy agency sees higher world oil demand
Report’s findings adding weight to consumer nations’ calls for more oil
Updated: 18 minutes ago
LONDON - World oil demand will rise more quickly this year than previously thought, the International Energy Agency said on Tuesday, adding weight to consumer nations’ calls for more OPEC oil.
In its June monthly report, the adviser to 26 industrialized countries lifted its forecast for 2007 growth in world oil demand to 1.7 million barrels per day (bpd) or two percent, up 200,000 bpd from the previous forecast.
The report marked the fourth month running the Paris-based agency has urged the Organization of the Petroleum Exporting Countries to open the taps to lower prices that are close to $70 a barrel, up from about $50 in January.
“We would very much hope that OPEC production is at its seasonal low at the moment,” David Fyfe, analyst at the IEA, told Reuters by telephone. “We definitely do need more crude oil.”
The increase in the IEA’s demand forecast reflects revisions to 2005 data and higher-than-expected demand in countries including Nigeria, Indonesia, Singapore, Venezuela and former Yugoslavia.
Analysts said the report indicated oil prices may head higher because of the strength of demand, unless OPEC supplies more crude.
“The message is that oil demand has been much stronger than people thought it was and OPEC production is not high enough,” said Kevin Norrish of Barclays Capital. “OPEC needs to raise production fast or oil prices will continue to rise.”
Fuel inventories in industrialized countries that are members of the Organization for Economic Co-operation and Development fell in the first quarter as the impact of OPEC supply cuts kicked in.
While inventories rose by 9.9 million barrels in April, the IEA warned the trend may reverse should the 12-member OPEC maintain production close to current rates.
If the group pumps around 30.3 million bpd — or 200,000 bpd more than the IEA estimates they produced in May — stocks could drop by 1 million to 1.5 million bpd in the third quarter, the report said.
“This would push forward stock cover down towards the low levels seen when prices accelerated higher in 2004. That is, by itself, a concern.”
OPEC, source of more than a third of the world’s oil, agreed last year to lower output by 1.7 million bpd and officials from the group have consistently said crude supply is enough.
The 10 members covered by the deals, all except Iraq and new member Angola, pumped 26.5 million bpd in May, the IEA said, 1.2 million bpd less than in September 2006 — the month used as a baseline for the supply cuts.
The IEA cut its estimate of 2007 non-OPEC supply by 110,000 bpd to 50.2 million bpd, citing lower than expected output from the OECD and African producers such as Equatorial Guinea.
The rise in demand and drop in supply will raise the need for OPEC oil in 2007 to between 31 million bpd and 32 million bpd, it said, up to 500,000 bpd more than previously expected.
OPEC insists supply is enough and says a strain on oil refineries in the United States and other consumer countries, as well as violence in Africa’s top exporter Nigeria, have pushed prices higher.
Iran’s Oil Minister Kazem Vaziri-Hamaneh said on Monday there is no shortage of crude oil in the market and OPEC has no plans to increase supplies.
OPEC meets next on September 11 to set supply policy and has ruled out a need to gather before then.
http://www.msnbc.msn.com/id/19187047/
They are at the related site, Siliconinvestor.
Example:
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Noticed the links for these Oil and Gas Maps had changed and these are the new links if anyone had tried them and got an error message.
http://www.petrodatasource.com/ImagePreview.asp?Img=Montana-Map_Large.jpg
http://www.petrodatasource.com/ImagePreview.asp?Img=NorthDakota_Large.jpg
http://www.petrodatasource.com/ImagePreview.asp?Img=New-Mexico_Large.jpg
http://www.petrodatasource.com/ImagePreview.asp?Img=Oklahoma-Map_Large.jpg
http://www.petrodatasource.com/ImagePreview.asp?Img=Texas-Map_Large.jpg
http://www.petrodatasource.com/ImagePreview.asp?Img=Wyoming-Map_Large.jpg