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Theory of chaos?
If someone painted the ask from .02 to .023 just as the major news came out, and one was holding $10k in shares, the value once it hit dollar land would be an additional $15,000.
Theoretically.
:P
It would be interesting to know if painting the ask at the end of the day has any effect on where the MMs put the b & a the following morning.
Appreciate the update. Lancaster seems to be working on a long term game plan. He is putting together a LARGE inventory of energy. I hope all his LOIs are successful.
double post, sorry. too much wine.
Thanks for all the info you post. It sure is very much appreciated.
Check the 7/26 PR in the news section of this board. All the info is there.
.023 x .024 - 29.73% - lets keep rocking
If we invite Mr. Lancaster to give the shareholders a shareholder speech can we make the trip and party tax deductible, lol?
If all the LOIs go through we'll need a spreadsheet to figure out what we own.
.022 x .023
He may need 2 pens.
WW O&G News -
FARMINGTON, N.M., Aug 16, 2006 (PRIMEZONE via COMTEX) -- WW Energy Inc. (Pink Sheets:WWNG) announced today that its subsidiary, WW Oil & Gas Inc., has added two additional oil production properties to be included in its LOI agreement, as previously announced with Success Oil of California. The properties are located in the Gray Gulch field in Borden County, Texas.
Past production tests have shown the "Kloh #9" producing 312.6 BBLS of oil per day with 261 MCF Natural Gas per day.
The second property, the "Gray" has previous production tests showing 220 BBLS of oil per day with 57.7 MCF Natural Gas per day. With 240 acres and multiple pay zones, WW Oil & Gas is planning to maximize these properties to their full potential.
The LOI, which is to close within a 4-6 week due diligence period, identifies the Tubb Lease Oil and Gas Project, operated by Success Oil Company and located in the Crawar Field in Ward County, Texas, as the acquisition target. WW Oil & Gas has already forwarded an initial deposit to Success Oil Company and has committed to commence work on a first well for re-completion within the due diligence period.
Additional information regarding the Letter of Intent is available from the August 4, 2006 WW Energy Inc. press release.
The bid is slowly moving up. 4 weeks ago we were around .021 and we went up to .035 without major news. It would be nice if we could get back up there before the major PRs come out.
Only 45k shares in the last hour.
If they are selling all or part of 90 million shares in return they are getting 275bbls/day in oil which is about 6 or $7M a year if my math is right, plus the rigs, personnel, etc. Also probably an experienced CEO to sit on the board for 2 years.
Add a total of 5-8 Grimes wells or better by the end of the year and the revs are somewhere around 10 to 15 million.
Then consider this one, buy low, sell high.
One last one. "greedy pigs get slaughtered"
Penn,
If they complete 3 and 4 and the aquisition is sucessful, what do we consider high?
Assuming that:
3 & 4 turn out great
there are no more delays
BIGN has all the equipment it needs
... would anyone care to venture a guess as to low long it will take to get the next group of wells into production?
They can put us close to $10M/yr I think.
TIA
$100 paint job.
I'll post the pics.
It looks like HS has it's learning curve. If they can get 3 and 4 done in two weeks like they are saying then it seems like they've learned a lot. We'll see.
I'm guessing that they may not expect the flow rate to be as high as the other wells, so they are moving on to the next group of wells. IMHO.
This will be a good month for us. The experience they are getting with these first wells will speed up things in the future. 3 x 1450 sounds good to me!
Scottrade recognizes the new symbol with the FHAL ask and bid.
The shares are now gone from Scottrade also.
O/T Pipeline Closing May Last for Months
BP said Monday it discovered corrosion so severe that it will have to replace 16 miles of pipeline at the huge Prudhoe Bay oil field - work that could shut down the nation's single biggest source of domestic crude for months and drive gasoline prices even higher.
http://apnews.myway.com/article/20060807/D8JBSSOO0.html
Over 1M volume in the last 30 minutes.
Europe is paying over 30 cents for a stock that sells for .027 in the states?
.024 EUR * 1.2860 = .03.
You should consider a basic math course before investing.
LMAO
just1flipper,
look at the franfurt exchange, it says the same.
Why would the Frankfurt exchange list the price in USD?
WW Oil & Gas Inc., established in 2005, is in the business of acquiring leases and oil and gas related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has two exploitation projects encompassing three oil and gas leases in the San Juan Basin area of New Mexico. Comprehensive drill programs are being developed for full exploitation of these projects. ConocoPhillips, XTO Energy and British Petroleum are among those companies active in the San Juan Basin. The company maintains offices in Farmington, New Mexico and Fort Duchesne, Utah.
WWNG - maybe part of the reason they are shifting direction is because BIGN is getting drilling equiptment.
C'MON GRIMES LETS GO!!!
It's EUROS.
The survey is in the surveys section of this board, I think you can still take it.
On the Frankfurt exchange the current price is .027. I'm not sure if that is USD or EUR, if EUR than it's .034 USD. The volume is blank.
futrcash, Thanks for your updates.
A little while back we had a tough time breaking through a wall at .03, today BIGN sailed through it. When the fundamentals have lots of potential maybe TA doesn't have as much impact.
Hope your right, today was a good day.
I don't know but the last to orders are both for 40k shares and they both took place at the same second.
.03 x .033