Me too. Bought several million into this scam over a year ago. Made good money on it finally. I'm taking my profits on this and running as far away as I can.

He won't go to jail. He probably won't even be prosecuted.

Because it's a classic pump and dump. They have so much authorized shares that this was easy money for the MM'S who were able to control this thing. Management did nothing to stop it. The only thing I like about this stock is no toxic debt. This thing is not going anywhere unless God himself allows it. Even management was unsuccessful at their own game. Just goes to show you.

Nope... but I'm sure if you contact Daniel Plainview he will gladly give you every insight into the company business plan. I have remained silent on this thread until he is trying to screw everyone out of their money. Please... contact him. Apparently he is best friends with the CEO and knows insider trading that will make you a fucking millionaire.

Thank you! That is exactly right! I get so stuck of people trying to pump an already pumped stock. Anyone who owns this trash is stuck with it. Good news being they're current. It's not officially a scam. And they're only silent for a small period. That is all this trash has to go for it.

What makes you think this will fly? Seriously. You have no valid reason. The pump has already happened. News and emails have completely halted. No one in upper management are explaining anything that has to do with their business model. Everything up to this point has been very vague and the dilution so thick you could choke on it. So I'm assuming you bought very high into this cess pool and A. Either blinded by the fact or B. You are trying to maintain confidence so that new buyers that are new to the stock and this forum buy buy buy. Pumping said stock. I've seen this so many times. I bought low. Im just waiting to see who pumps this thing so I can make a small profit. Im patient but and only thankful they're current. It's all i care about.

He's the classic pumper. I sure hope no one is taking his advice. Every one needs to do their own DD and not listen to people like that. I've seen a lot of people lose a lot of money listening to it.

So what's the point of the gray market? I can understand people wanting to regain a small portion of their investment back but does anyone actually buy the stock? And if so, why would they want to?

Thanks for sharing... it was a worthy read. Sounds like nothing is going to happen to these scumbags. Hell, Ford will probably be dead if old age. I hope karma hits these assholes hard.

It shows you this thing will fly if they release news one of these years.

Yeah, what the hell? Lol

He's right... this is the OTC. 95% of it is ran by crooks. If he were saying this about Bezos or Gates than I could see that.

What a great day for CEGX. Eyeroll

I don't know about you but I'm hoping it's full of lies and BS and this thing gets pumped and I make a lot of money and they still get busted. Lol

It wouldn't be CEGX if they didn't lose 30 percent of their value in one hour. ????

They went to 6 cents and had 10 billion outstanding shares. That would be the equivalent of CEGX going to 60 cents. Im just ready for them to file and release a PR and push this thing to one cent so I can take away with good profits. My average is 0.0015 so I'd be happy to just get back over that threshold

Absolutely a scam. They also were able to put together 6 years of financials. That's the only difference. I was going to invest in them when they were at 0.0032 but my money was invested into this garbage.

Im not saying CEGX will do that but maybe. Lol

Look at MMEX... they were worth 0.0001 per share... they put out a PR saying they were going to build a 500 million dollar refinery. Just off that their share price jumped all the way to six cents. They had 10 billion outstanding shares. 10 times more than CEGX. Their value jumped to 600 million in just one week.

Wow! Where is this? The Chester in the Stack, Chester/Morrow, is a limestone and in some areas, heavily overpressured. I've seen some beautiful flares coming from those formations. Sometimes up to 80'. It would light up the night sky. I might be able to help you with some information on that. Bit type, mid weights, geology etc. Of course no charge but you would have to be an Ihub member so I could share privately. Our information isn't tight or anything but another company is a south Korean company that does require all information to be kept sealed. But I have nothing to do with them anymore although my company does.

And also with that said, Newfield Exploration, Devon Energy and Continental Resources are the big dogs in both plays. These are pretty much the only three that have enough leases to drill double laterals, 10,000' to 10,500' vertical sections. There would be no way that a small company, especially like CEGX to obtain enough leases to drill like this. There's would have to be single laterals still costing around 2 million a well but with half the result on production. But then again I've drilled wells in the STACK that were single laterals to a total depth of 15,000' to 16,000' that only took 7 days in its entirety to drill that produced the same as I mentioned on the last post and only cost 1.5 million from start to finish. Anyways, it would be an amazing venture if they indeed obtained a few leases. Hell, I'll work for CEGX for free as their geologist if they it actually happened. My specialty is in the STACK in Kingfisher, Blaine and Canadian counties and I have a lot of knowledge with the SCOOP.

Oh yeah, these currents wells we are working only take about 14 days to drill and can be drilled with only 2 strings and with no intermediate casing making it very cost effective. Still, to obtain a lease and the proper permits, drill the well, set production casing, frac and finalize the well and bring into production will cost roughly 3 to 4 million per well. They would seriously have to raise a lot of Capitol to drill here. With that said it's usually a 4:1 on returns. Sometimes better and sometimes worse.

How's it going... in the STACK we drill laterally in the MERAMEC formation. It's Mississippian in age and is a massive oil play across a lot of Oklahoma. In the northwest it's a limestone with tripolitic charts and in the STACK it's actually a siltstone. What makes the STACK unique is that even though it's a siltstone, which it's mostly consolidated in a lot of areas, in this area instead of silica rich cementation it actually has clay cementation which is much softer allowing us to drill a 10 thousand foot lateral on one bit in just 4 days. It's pretty amazing. In the STACK, the Meramec is located anywhere from 9000 to 12000 feet deep. We usually reach total depth on a well at around 20,000' to 23,000'. It's unusual for our wells to produce under 1000 barrels of oil per day on initial production. 1000 to 1400 barrels a day is the average. With some wells reaching over 2000 barrels a day. That doesn't even include the large amounts of gas each will produces. Over the life of the well it's around 1/2 a billion cubic feet with the average around 250 million cubic feet. What also makes the STACK amazing is that the are four producable zones. The upper Meramec, the Meramec 200, the Meramec 300 and the Woodford. It isn't unusual to drill 12 extra length laterals on one section. Pretty cool. The SCOOP is a newer development where they drill predominantly in the Woodford shale. Im not sure of numbers over there but I do know that Continental Resources moved most of their rigs over there from the STACK. And I do know that their numbers in the STACK were about 1200 barrels a day. That was their target. So im assuming they're getting better numbers in the SCOOP if they're doing that. What's also nice is these two areas are profitable at 40 to 45 dollars a barrel. It will be very interesting if CEGX gets a few leases in this area because of they do they will have absolutely no problem with bringing in investors to drill them. Both the STACK and the SCOOP are fairly young prospects so it wouldn't be crazy if they actually indeed obtain some leases. I guess time will tell.

Heading to a restaurant for a beer and some food. I'll tell you all I know.

Im a geological consultant currently working for Devon Energy in Kingfisher and Blaine counties. My specialties lay in the Woodford/Meramec stack play here in Oklahoma. Not to mention my company also contracts to Continental Resources in the Scoop. I know of most oil and gas companies who own most the leases in both the SCOOP and the STACK. I literally live in between both and drive these on a daily basis. This will be very interesting to see how this plays out. And trust me, if I hear of any of their leases I'll be driving by.

Very interesting... definitely checking that out

He probably took the position as CEO because he's 80 years old and knows he won't go to prison for this. They only lock up violent offenders at that age. I think he saw an opportunity for one last scam knowing he won't go to prison and Tim probably gave him a big chunk of investors change for doing it. I'd like to see his personal financials myself.

Am I missing something or this the second day with absolutely no volume?

Lol... sorry, I meant Tim Crawford.

That makes sense... isn't Tom from Ohio?

Wow... you're late to the party. Lol. Even if they do reply they will just tell you the same thing they have told us for the past 2 years. That's how long they have said they have been working on financials.

Lol... much better! And I agree.

Im beginning to think it's penny guy along with his other aliases. Probably someone from Cardinal. Wouldn't shock me.

Is this Pennyguy? Or is this what Stan told you without giving any bit of info except there is extreme progress being made... the end.

Absolutely not...I was just kidding. It sounds be nice though.

Hopefully CEGX sues for 200 million dollars and our shares become worth 20 cents a piece. Lol

This isn't exciting. Lol. Not sure how long you have been here, but we have seen this a thousand times in the past two years. Tomorrow it will be back down 33 percent.

Yeah, there is only so many times you can say that. They seriously can't expect to keep saying that BS for years to come. It's already bought them 16 months. People aren't going to stand for that much longer. If they seriously aren't going to release anything they just need to come out and tell investors their money is gone and that they're cooperating with the proper authorities. At least then we can have some type of closure instead of the same BS week in and week out. It's insane!

Probably one of the investors who has had information given to them.

If my memory serves me correctly, CEGX's pps has never been this low. Correct me if I'm wrong.