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4 more wells can "prove" the field and bring value. 20 wells will get the pipeline! Nothing has changed.
And yet you chose to buy in.
You can now twist your words and add extra words (like "proven") to say what ever you want, but the fact is, besides all your bashing, your buying!
Reader beware!
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
I'm confused. You can't stand a thing about this company and have nothing good to say about it, imply EDEX has way toooooo many shares, its a wash out company, no gas in Mesa, Tom is a liar, etc...........
Yet, you rebuy with nothing changed.
Your words betray your actions. IMO you are psychotic or a grand manipulator concerning your postings. I lean toward tha latter as opposed to both.
All readers of the I-hub EDEX board beware. There is much in the above I've posted that you should pay attention to.
You announce you are a buyer and then begin to bash. The real truth is very obvious!!!
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
I'm glad you think what you do. Personally, I am prepared for it not to be there till the end of the month. If it happens sooner then I will be grateful.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
Warning to all: IMO, as board mod, Dirtdog is a manipulator of this stock and its price. IMO he will do whatever for a quick buck. All who care to read this board or do DD here please take note.
He was banned before saying horrible things about EDEX and TL. Vicious things and now, all the sudden he is back pumping and then bashing again.
Again, IMO he is looking for cheap shares and that's all, or he wouldn't even be around. He sees a quick pop and wants some action at YOUR expense, should you be foolish enough to believe him w/o doing some homework and quickly trading on FEAR. That's how it works in the land of pinksheets.
Fear and manipulation reeks over many boards.
As far as Dirtdog's posting is concerned, again IMO: CAVEAT EMPTOR!
On a personal note: I wish I knew who he was so that the SEC could investigate his trading (buy/sell) with his posting. I think they would find correlation. Oh well.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
Some things never change, please see the following post from the past in response to Dirtdog. Also follow the thread, one will learn a lot about Dirtdogs so called DD at the mesa:
Posted by: TopHat Date: Tuesday, February 19, 2008 7:26:18 PM
In reply to: dirtdog who wrote msg# 23740 Post # of 25567
Your argument is with Geosurverys, not us here. For all the effort you seem to put out, one would think that you WOULD GO TO THE SOURCE TO GET THE INFORMATION you "say" you want. But you do not go to the source. You always go elsewhere and spin it to the bad. Why is that? You still need more cheap shares you scare up? It looks that way.
Take it to them and quit bringing confusion to the board.
I written a couple of posters via PM and invited them. I've not heard any takers yet. I do plan on attending whether anyone else does or not.
Nervous, as is public, Tom has invited myself and others to the drill. I have since spoken to him and the first thing he did was to inform me that I would be required to sign a non disclosure form stating that I can not disclose any information prior to the company. Of course I would be willing to abide by this agreement.
Your point of subsequent insider selling or buying is valid and the only thing I could tell you is that: I agree, it would be illegal either way. It would then go to the heart of the person and their character/integrity as to their course of action.
All I can tell you is that it would be a happy or sad drive home depending on what I found out, but I for one would not be stupid enough either way to buy or sell with the knowledge by all that I was at the drill site. Others might be that stupid and they would have to live with the knowledge that they cheated.
My philosophy is that a man reaps what he sows, and this is for good or bad actions! It swings both ways. I'm not interested in wealth created by unrighteousness.
Hunt. Great question. Give Robert a call and ask. I'm sure he will give you the answer.
Robert J. Angerer, Jr. (850) 576-5982
I agree w/ Jag!
I've also ducttaped myself to the floor incase gravity quits due to a strange alignment of the planets.
Nobody is really buying or selling at this point. Not necessarily a bad thing at this juncture.
By mid August I expect it will be a major move one way or the other after both wells report. People will either be buying or selling. Time will tell which one.
Most sane post of the month!
You know why blind people don't skydive?
It scares the hell out of the dog!
PIP is only but one of several tools used to indicate a drill location and the possibility of a producing well.
Other types of tools indicate other properties. Porosity for example. There are tools to indicate whether porosity is possible or not. PIP could indicate oil and do its job! But if there is no porosity than the well would be "dry" even though oil is present.
I know from the past that Tom uses several readings from different tool (such as seismic) before just deciding on investing in a particular site/well.
I trust that this would be the case here and that could indicate that there may be valid reasons why Tom passed on this well and invested in the other 2. The issue may not be just $$$.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
I couldn't guess whether it is good news or not. We will know after #2 & #3 are drilled. It's just that there is probably a lot more to the story than we know of why EDEX passed up this well and the opportunity to invest in it but chose the other 2.
The questions make sense to ask, at least to me.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
The real question to ask is: "WHY did EDEX pass on this well and the opportunity to invest in it?" This is the question.
2nd question is why DID Tony and Calvin opt for the other 2 wells instead of the first one?
The answer to these two questions are what we are looking for.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
Hey Luck,
As far as EDEX and Victory goes, there is NO link between the companies and Fullencamp has NOTHING to do with EDEX with one exception: Victory has a 2% interest they bought into on the exploratory well in Mesa. That's it.
The Mesa well was drilled and 95 feet of pay was discovered in a shallow level with good pressure. The well is just sitting until Geo Surveys, the operator of the well comes back to finish and test. The hold up is that one partner needs to come up with the overrun cash, and Geo is too busy on other projects. The first Mesa well is expected to be finished this year.
A good starting place would be to give Tom a call for all the particulars and then contact Geo Surveys for more info.
I also immediately sent you Tom's phone number if you remember!~
Couldn't agree more about Tom trying to build a business vs a SP!
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
The whole point of these 3 wells, 2 of which EDEX has a small interest in is this: EDEX has, or can have up to 50% of the remainder of the identified field! They have identified over 100 wells to be drilled all with the same characteristics of the 3.
I'm not forgetting Mesa as the prime issue for me, but if the 3 hit, or even 2 of 3, then the field (of shallow, less expensive wells to drill) will increase our SP quite handsomely. Even if we hit only one where we have a 5% interest in, this can end the bleeding of the shares and cover expenses! This in itself is no small issue for me and others on this board.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
Thanks WC for the update.
I will contact Tom next week and get updated info. Thanks for pointing it out.
For us both, I hope you profit in your investment.
Ah, yes, YeeHaw Junction.
I'm old enough to remember it well, when it was about the only thing there and had pay toilets for a dime! (mid 70's)
Sooner, I would say that the lack of current production is the problem. (Very close to what you have alluded to.)
The wells drilled are not "dry" in the sense that there is not oil or gas below the surface, only that they have not set up or been set up to produce. There is oil and gas where we have drilled so they are not "dry".
IMO time will show are wells will be brought online in the future in the areas we have proved. At that time all those who proclaimed "dry" will find out that their emotional reactions were just that.
As far as the sp is concerned, it is where I would expect given the time frame and lack of production. I've no problem with the current sp given that framework. Would I like the sp above .25? Of course. Time and production will take care of the sp and I've no problem waiting.
So let me ask you a question. What should Tom do? If he is (or has been) offered $2.5 million for the rights to the Mesa, should he sell it to please "some" I-hub posters and get the SP up some? /OR/ Should he wait, even thought it might take 3 years and produce $300 Million in profits from gas production?
IMO, I would be glad that he waited and produced real value and long term wealth for the company, even though some short-sighted posters raked him over the coals relentlessly - saying he deserves all the insults as a poor excuse for a CEO due to poor sp performance.
That is one of the real questions to determine how posters post on this board. Those of us who understand the real value of the MESA usually have no problem as we want the real long term wealth (should that happen). Those only wanting a quick buck or a flip tend to the the P&M'ers.
Has this whole process taken tooooooooooooo long? Yes, yes, a thousand times yes. But to me it will be worth the wait should the Mesa perform as I expect.
Am I nuts or a genius? TWT (time will tell)
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
Waste of my time. tick, tick, tick....
I was going to respond to Jag but he is a waste of my time, and IMO yours. Sorry for the trouble he causes all. But that is part of a public forum.
So here is what I will say:
An older gentleman was sitting upon a bench with a friend. He was approached by a middle age man who asked the following: "Sorry to bother you, but I'm considering moving here. Could you tell me about this town?"
The old gentleman replied: "Glad to, but first tell me about the town you came from."
The man said that it was a great town, friendly people and he was sad to have to move.
The old gentleman answered: "You will find this town the same."
The following day as the older gentleman was sitting on the bench with his same friend the same encounter happened with a different man. The same question was asked and the old gentleman gave the same response: "Glad to, but first tell me about the town you came from."
This time the man replied that he was glad to be moving as he did not like the town he was moving from. The people were not friendly and he did not like living there at all."
The older gentleman replied to him: "You will probably find this town the same. Sorry. In my opinion, you will find the people not to be friendly at all."
The man with a frown turned and walked away.
The older gentleman's friend who had observed the past two encounters inquired as to why he told one man he would love the town, and the other he would not like the town."
The wise old man replied that it was not an issue of the town but the person. If a person likes where he has been, and people, he will probably like the new town for the same reasons: His own outlook on life and people. Should a person not like, ... he will probably not like where he is going also.
"It all deals with the character and nature of the person. If they are full of life, the will love life no matter where. If they are not, they will not. Its that simple."
Kinda reminds me on someone.
Having pastored for a decade and counseled many, and in my 50+ years I've found the above to be true.
The problem is not Tom.
IMO
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
I haven't lost a penny on EDEX.
If you have, its your fault.
I love the little switch & bait of your argument!
The issue is NOT, I repeat: NOT the company reporting, but insiders reporting. Everybody catch that? The issue is insiders selling (while trying to get us to buy). But Jag has now "switched" the argument to the company and its requirements. Sorry, Jag, you've again been caught red handed.
The charts are of insiders who are required to report planned sales and actual sales. These are not companies reporting. Insiders of ALL companies from NYSE to Grey Sheets have to report. That is what the charts show.
Sorry Jag, either fess up about your real motivations or go back to school and learn about insider transactions and reporting requirements. Here is a hint, which you won't take: Rule 144. After learning about rule 144, try to refrain from the sleazy argument you have attempted to pull over our eyes.
The FACT remains that no insider has sold. Period. Has the company sold stock to pay bills? Of course. Has some of that paid Tom's health care and vehicle expense? Of course. No one will argue that it hasn't! But the insiders have held their stock. The facts don't lie.
EDEX will be fully reporting in due time and then you will see the chart remained unchanged. I wonder what hot air argument you will try to slick us with then?
The charts don't lie, but you have attempted to mislead with a switch and bait arguement. We didn't bite on your OZ drama and we can see you behind the curtin.
tick, tick, tick....
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
We go thru this every time someone registers shares as an insider. They haven’t sold. They have only registered.
Some on this board, for their own reasons: spite, manipulation, tiny character and integrity, lack of personal responsibility, remorse, bitterness, emotional nitwit, etc….. Continue to “IMPLY” that the insiders have sold. Again, we go thru this every time, but for those not sure here goes:
Here are 2 charts (from Etrade) of those who’ve registered and sold. In the first chart, Notice, they registered, but did NOT sell all they registered. You will see this and the chart is self evident. Below this chart is a second chart. It is the EDEX chart. You will see that there have ONLY been shares registered, but not sold.
(Again, [Jag, for instance], Some hate it when facts mess up a perfectly good argument or insult.) I encourage all readers to make note of who post what and file it accordingly.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
I just love it when facts destroy a good arguement. The facts are the facts.
I bet you hate that.
OT: and BTW: The SEC has the appl and is working thru the process.
Tick, tick, tick.......
I see dirtdog is back from his banning.
One would think that he could easily check the I-box or do some homework. I guess some people don't change.
Why don't you call EDEX and ask. Say "Please" and you might be surprised at the response.
It will only cost a dime, I'm sure you're able. The real question is are you willing?
Same shares from Feb. Registered to sell, but not sold.
Good news will float all boats, those of us long and patient, and those new to EDEX; those positive, as well as those less positive among us.
I trust too that good news is afoot and welcome a step forward for Eldorado. As a long time shareholder, I would look forward to a slow and steady SP rise as wells are developed and put in place to produce income.
Finally, I look forward to the day the Mesa is proven and productive.
Bottom line, and I've said this for 2 years, EDEX will stand or fall on production. This is the bottom line. I will welcome any PR saying drilling is about commence, but I will more welcome actual production of Oil/Gas. Those are the PR's I await.
That would include me also!
I bet it's a mudbath where they are to drill! But, I do expect to hear about drilling w/in 2 weeks
As the rest of us are: I await word.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
I have a call in to Billy King. Please let me know any questions you would liked asked.
Any thoughts on this PR from 6/2/08:
Monogram Energy, Inc. Announces 50% Production Capability Increase in Corsicana, Texas
Monday June 2, 4:05 pm ET
RICHMOND, TX--(MARKET WIRE)--Jun 2, 2008 -- Monogram Energy, Inc. (Other OTC:MGRN.PK - News), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, is excited to announce today that the Company's 6 wells on the T.W. Martin lease are currently producing, and that the 3 additional wells in the workover process should be completed by the end of June. The 9 total wells are then expected to produce 2 barrels per day each for a projected yield of 540 barrels per month. This workover progress represents a 50% increase from the May 13th release projections of 270 barrels per month based on production estimates on the initial 6 wells.
The T.W. Martin lease comprises 70 acres with 12 wells and is located in Navarro County, Texas, which produces around 600,000 barrels annually.
"We're very pleased with our progress so far. With a little luck we might even complete our current workovers ahead of schedule," stated Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc.
Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
Called PacWest Transfer today.
Confirmed the OS at 251,322,362 as of 6/17/08
Per PacWest policy that is the only number they will give out w/o prior permission on file from any company.
I will attempt to secure the remainder numbers.
Monogram looks like a nice long-term play.
The recent PR looks like it has provided some interest and a basis for possible success.
Good Luck to Monogram.
PR - 6/16/08
Monogram Energy, Inc. in Negotiations for Well in Montana Williston Basin
RICHMOND, TX , an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, is excited to announce that the Company is in negotiations to workover and complete a well located in the Williston Basin in Montana. A registered professional geologist examined the well and reported the following:
"Based on acceptance of the reservoir model and historical characteristics of the producing formations in the Williston Basin, the well is a viable prospect contingent on plugging back the well bore to above the oil water contact and exploiting existing fracture porosity as a hydrocarbon delivery system. Several features of the well make such a course of action particularly attractive, not least of which is the fact that the well is already drilled and cased."
Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. stated, "Given this and other studies, it is the generally accepted position that this well has the possibility of producing some 600 barrels per day.
Consequently, we are moving forward as quickly as possible."
Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
About Monogram Energy, Inc.:
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The Company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
Billy D. King, the Chairman & CEO, is a graduate of St. Mary's University School of Law, and has been in the field of oil & gas law in excess of thirty years.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
D, you have NO CLUE what is at Mesa. Oh, there are plenty of offers who will be glad to take it all and leave us nothing.
The bottom line for Eldorado is this:
Would you sell Mesa at 5 cents on the dollar or wait for funding on EDEX's terms.
There is gas at Mesa. Time will show this. I agree with Tom that we don't give away the farm.