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tex, once we get news of the flow rate on three we could be of to multiple pennies as you previously stated. i would love to see a nice steady rise leading up to the announcement and then off to the races!!
picked up another 990k today in the hopes that we see some good news here regarding the wells in the next couple of days. at worst it gets my average cost a little lower. good luck to all!!
getnit, any guess as to what the flow rate on #3 might be? i am hoping for 500-1000 bopd taking into consideration that it could possibly be on the formation dome.
in the short term, the share price is dependent upon the amount of oil that comes out of wells #3 and #4. in my opinion, if we get an initial flow rate of 500-1000 bopd on #3 we could see .01...if #4 comes in as good or better or if we get news on a partnership or flying a's well then we will start to get into the multiple penny range (.02-.05).
actually texas, on the weekends i go over to my future wife's place in ft. lauderdale and will be staying until tomorrow, july 4. sw fl is a little too country for me so i have to get my weekly fix of tri-state transplants. everything is great though and i hope the same goes for you. thanks for your analysis. if this baby hits .05 in the short term i may take profits here and put them back into ndol as i feel that is just waiting for the symbol change and production numbers to start climbing back towards 1.00! have a great holiday!
any guesses on where we close this week? with news on abilene #3 my guess is .008, imho.
seems like this guy caswell has it in for indocan for some reason.
m stone, i am already in and have been for weeks. 14 mil @.0035 so with all due respect i hope you are wrong. i am confident that within a few months i will have a winner here in a big way. thanks anyway.
up-down, you are forgetting the 7 million share buy after the bell!
tex, i saw that article about the guy trying to buy waggoner. i was in on ndol and rode it from .50 to 1.50 then started selling on the way down but i waited too long and ended up only breaking even. i agree with you that if things go right we could see over the .05 that many are predicting but the only thing that bothers me is the amount of shares outstanding. if the outstanding is 1.5 billion x .25 =375 million market cap. that is a lot of oil to come up out of the ground to justify that type of market cap. i would love to see it as it would make me millions i just don't know if it is likely, but i love your optimism!
no, not at the luncheon club. it was usually nebraska's or one other place down the street, but i forget the name. when i was younger i used to play south shore and la tourette in staten island pretty often. so what do you think we could top out with idcn if we get 100-150 bpd on wells 3 and 4?
tex, if we get 100-150 bpd out of wells 3 and 4 what do you think idcn could go to?
not much going on down there these days. very tough for the two dollar guys especially. i got out a year and a half ago when ubss bought out capital markets. lived in bayonne all my life up until last year and now on the wset coast of florida. my favorite place down there was nebraska's steak house for the gorgeous eastern european bartenders.
well said texas, we have a few things in common. first, i am also holding 14 mil long and strong for at least a penny. second, i am a former clerk for schwab capital markets on the nyse. when were you there?
anytime this thing tries to move up clyp steps in on the ask and drops it down....very frustrating to say the least but he will get his in good time!
nothing too exciting but we are getting closer to the two best wells of the property for indocan which can only be viewed as positive news. one word, accumulate. imho.
Abilene Update:
Completion Report:
June 8: The Perforation and acid wash of #2 has been completed. They are now waiting for the Swabbing unit to arrive. It is scheduled for next week. With the oil patch so busy it is very hard to get some services in the field in the timings we would all like. We already know that #2 is not as good as #1. We look forward to the next two holes.
"We are excited about #3 & #4 as we hope to hit the formation dome on these drill sites."
update on website!!
my average is about .00355 so i have a little ways to go too but as i have said before i think we will be ok by the end of the summer. i previously stated i am holding for .01 but i am really holding for .05
i own a little over 14 million and won't sell for anything less than .01
looks like the mm's are having a little fun with the price on smaller trades.
guys if we start to get a steady flow of good news on drilling and production and sprinkle in a few unexpected developments we won't need shakerzz daytrading crew at all. by the end of the summer we should all be smiling.
agreed jr, i put 30k into this bad boy. unfortunately, i still have to go to work every day so no golf for me, lol!
news now would be just what we need to get idcn over .003
mach1, i am thinking either someone anticipates pretty good news is on the way. if we do get some good news and we start to go up it could be a substantial move as the momentum traders get in as not too many small companies in the oil patch are moving up these days.
volume starting to pick up as well...some larger trades
looks like we could be making a move here.....0022x.0024
giambi, i am in at .50....its not what you could make if you sell today, but rather, what you will make by holding another few months. i am holding for at least that long, $3-5 is possible within 2-3 months, imo.