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How was that BS. I stated the same thing you pretty much did. Lol and even if they did actually build the refinery, 50000 bbls a day? That's roughly 1.5% of the daily production of Texas oil. Just saying.
That was also a few weeks back so it could be resolved. But who knows at this point.
I agree. I think it's almost impossible for this to go to the market but I do believe this will jump and jump big. And did jesse james say I was full of crap? Lol. This isn't the only board on the Internet that follows cegx and does their dd. I saw the email by Crawford talking about his toxic lender and using the loan shark law to get out of paying. Just saying.
That isn't new. Lol. But it does kind of make a person feel good inside every time I read it.
This was also starting 4 years back. Lol. I did know they were recently fined 250k (est) early last year for their roll on pump and dump scams years ago. I don't they would be back in it that fast. But then again if they can pump it to 9 pennies I could care less!
I know one of their toxic lenders Crawford is trying to fight in court. He feels confident he will win since he is using the loan shark law of new York. So who knows. I just want my 9 pennies per share and I'm gone. Hahaha
You've got to remember, mmex has 10 billion authorized shares and jumped to 6 cents on BS news. Just saying
I was told tomorrow by Crawford on Friday. He said he won't release PR on Mondays or Fridays and that Tuesday would be the day. I guess we will see.
You very well may be right but you very well may be wrong. Either way I'm making money. Haha
To TD who keeps saying they own a lot of plugging liabilities that's a bunch of crap. Since when did plugging liabilities become a bad thing? Really?! Owning a bunch of plugged wells is INDEED a bad thing! But this isn't the case. It's like I've been saying all along, these inactive wells, I believe, have become a blessing and a savior to CEGX. Just because the well is no longer producing and just because they are a plugging liability means money in my eyes! You can DRILL new wells from these!!! And in the newly discovered play I'm sure Crawford is glad he didn't plug these. If they were plugged in the states eyes they're done forever! You would have to drill an offset. People love to buy orphaned or inactive wells. Especially if there is a new play at hand. My uncle is a petroleum engineer, has worked in the oilfield for 30+ years for companies such as ExxonMobil in countries such as Iran and UK and fire a hobby, he and his friends buy wells just like these. And don't tell that the TRRC wouldn't renew our let them be updated on their holdings, especially if they are trying in good faith. I'm not saying this is what they're doing but plugging liabilities in a region like this are actually a gem! Just my opinion. I'm a petroleum geologist by the way.
Bam! I knew this is potentially where the new CEGX was going. Called that a few months back! Nice post. I know of several very small companies who do this exact same thing with no risk. My current employer being one of them! Although we are actually on the exchange. Lol. CEGX could be headed that way soon enough!
You're crazy. It's coming tomorrow. Where did you come from? Negative much?
Those old wells aren't even close to the prolific formation. They're thousands of feet above.
Just curious but why couldn't they? All you would have to do is drill out cement, connect what we call an overshot to pull out old production casing, drill the vertical, build the curve, set intermediate casing, cement and drill the lateral. That's exactly what I would do if I had old crappy wells that needed to be plugged. Surface casing and surface vertical is already done. Just saying.
I'd watch my questions with TDBowie. Lol The guy truly knows his stuff and his DD is impeccable. I've been following these guys and this post for the past several months. Both have strong claims and both wonderful DD. Looks like you're new here. He has posted many many many claims and has backed up most with legitimate resources. His only claim he can't back up is what will actually happen. He's truly a bad ass investor indeed and I'm on the side that's hoping he is wrong. Lol
Nice! Wish you could have gotten in when we did! Hopefully you did!
I'm not holding longer than mid may. Once this hits 10 cents I'm gone! Only invested 1600 but got me a little over 2 million shares. I'll be debt free and have a substantial amount for a brand new home. Good possibility it will go over but I'm not greedy. Lol
Absolutely! I have thousands invested in this and I'm willing too risk it all! I have a better shot at winning the lottery on this stock with my thousands than I could ever imagine at a casino. And trust me. I've lost twice as much at the casino than I have invested in this. 5 cents in completely debt free. 10 cents in debt free and will own a new home. 20 cents in rich!
Man, I'm skeptical but I have a couple million shares. Bought in a few months back with an average at. 0012. I've made real good money so far. I hear what you're saying and your DD is solid but seriously no one knows. My mind is blown you didn't jump on this. So many have made awesome money and you know this stock will see a penny. It may get dumped at some point but people are going to make thousands more. You missed out man.
Are you new man? This means absolutely nothing to anyone. Lol.
What DD though?! I haven't seen anything. I'm not trying to be a buzz kill but would like to see something.
I sure hope you're right brothaman! I'm all in. I just like looking at both sides and seeing all angles.
Yes. Because he is 70 and has grandchildren. Which is understandable but I'm very curious as to why this is important with a company that's only worth 200k. I've only been in the market for over a year but I could buy this and crap it out. Lol
I need to see proof they have active wells. What I've seen, is EOI hasn't produced a drop of oil since October of last year, they contain only one lease and have 20 permits pending from 2015. Thanks
They're acquiring EOI Eagle Operating Inc out of Texas which is 5 years old. Eagle Operating Inc is out of North Dakota and is 20 years old. Completely different entities.
I'm beginning to lean your way. EOI hasn't produced a drop of oil since CEGX last year. Both companies are/were in non compliance with the TRRC. Both holdings outside of the Permian. No new leases and no new permits for both companies since early 2016. Although EOI has 20 permits pending since 2015. And also in a prolific area of Texas. I also keep wondering why EOI has a PO Box and CEGX moved offices 2 hours east from a population of 100000 people to only 4000. Not to mention the CFO resigned. I'm also wondering why a company with a market cap of 100000 needs a board of directors and why on February 7the of this year Meyers gave back their 250 million restricted shares. Obviously they no longer hold majority or the 150 million. I keep wondering their strategy and am looking at all angles but can't seem to see any.
Dude. This is a completely different company
My thoughts exactly...I sure hope Crawford has an ace up his sleeve! There's going to be a lot of pissed off people if he falls flat.
I know! 10 days my a$$! Going on almost day 20.
You're correct sir. I run 20 thousand dollar geological software but can't post on here. I have a snap shot of the emails. But unfortunately can't post them on I hub. I'm a non paying member. If you can tell me how to bypass Ihubs software, I'll gladly listen.
Truth...but his swiftness in responding to these emails shows how much he cares about false rumors and the legitimacy of him trying to turn things around. I'm sure he has been bombarded with a million emails asking when news will be released. Lol. I'm sure he can't wait until this is over. I know I can't!
Good. I know you can't prove your email but i in fact believe it. I emailed him when idiots were saying he said they were gong bankrupt. He replied within 5 minutes. Good to see he is getting back and controlling the disrespectful rumors. Thanks for the post.
Lol. I must have caught him when he was checking and replying to his emails. I was quite shocked myself. Wish I could post a screen shot on here to prove it but can't figure it out. I'd have to forward my email to everyone.
I agree as well. But I've been in contact with Timothy. He usually responds within 5 to 10 minutes. Or at least he has with me.
Amen to that!
Like I say. It's all speculation. No one really knows. We could go off of past records and past studies but we won't truly know until any type of release.
Maybe, but in my opinion, Meyers is twice as sketchy as Tim Crawford. And just last year they were fined by the SEC for more money than Tim Crawford could ever think about owing. Or at least as much as he owes. This may not be anywhere as great as some think it is, I'm skeptical myself, but I do believe this stock will move in the right direction and even it does I'm not going to see how high because I'll be gone. And I might lose out on a lot of money but that wouldn't hurt my feelings. Lol
And maybe he doesn't care if he can't sell a drop of oil. Maybe it's not his intention anymore. He could be going a completely different route in the oil and energy sector. Heck,he could have bought an inspection company, or a directional and mwd company, buying up leases, renting out frack tanks and pumper tanks or building pads or building tank batteries and running a roust-about company. So many different routes he could take in an area that has just become the largest oil discovery in US history. Just saying.
And who knows what's going on? This could just be a leasing thing and no drilling wells. Maybe CEGX is trying to become current with everything so he can lease up everything in the area. Maybe that's why he brought in Meyers, for all the funding. It's what small energy companies do. They spend the money on leases and make deals with larger energy companies for a cut of the profit. Without spending a dime. Panther energy here in Oklahoma is an example. There is so much speculation and a million ways this could work out. It's just a waiting game.
Gentlemen. A thousand feet? Can't frack? All of CEGX's wells aren't even in the newly discovered formation. They're shallow verticals. That's why it's newly discovered. Lol. It's called the Delaware wolfcamp shale and is located at 10000 feet and is anywhere from 2000 to 6000 feet thick. I don't really think they care about his crappy verticals producing 3 bbls a day. These have the potential of producing 3000 bbls a day. Huge difference.