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34/54 be careful using Stop Losses when there are not many MM’S, you just might be giving your shares away. Check back in the last 3 weeks or 4 weeks trading. One trader must have had a stop loss at around .015 below the bid. One trade jumped down that .015 and took the stock out then went back up to the previous bid. All In My Opinion. I DO NOT USE STOP LOSSES IN PENNY STOCKS!
Way to go Tom, good move raising $482,425.50. If my understanding of S shares is correct, they will never hit the US market unless the owners jump through hoops to get them registered. IMO that means it will be a while before they hit our float if they do at all. For the time being IMO this is great. We get the drilling done on their bucks and they can only pass the shares around outside of the US. All in my opinion.
bobsris...The following information is of MY OPINION from different sources I have found in my DD….After 20 years of development Tom Laurance and the inventor of Passive Induced Polarization (PIP) a geophysical method to find oil/gas felt that it was time unveil this process to the world. My understanding is that the Roosevelt County, Mesa project is why EDEX was born and went public. The inventor of PIP In My Opinion has spent many millions of dollars to invent and develop this process which is still being refined to this day. To the best of my knowledge you can find nothing about Passive Induced Polarization (PIP) unless it was put out by Tom Laurance in a Press Release but you can find some information about Induced Polarization which may give you some idea how PIP works. I have read a statement from another geologist independent of EDEX who is in agreement there is gas/oil at the mesa sit. I have also heard that the PIP process has been called Black Box geology and Voodoo geology but you most understand that this technology is a tightly held secret by the inventor. Since Tom has gone public with EDEX and the announcement of the PIP process other geologist and oil drillers in the Roosevelt and Lea Counties area are keeping their eyes and ears open for the results of the mesa project. My personal opinion about Tom Laurance is a honest trustworthy man whose character is unshakeable. Tom Laurance has had a relationship with the inventor of the PIP process since 1992 when Tom became an investor in the Needle Creek Oil and Gas Fields which is still in production. The inventor of the PIP process must have a lot of FAITH in Tom to market his product through EDEX which will give the inventor free time to work in the field to generate bigger and better prospects for EDEX. So what this boils down too, if you believe that the PIP process works which my DD shows ( this information can be researched at the Texas Rail Road Commission web site) they have been successful around 80% of the time, I think that EDEX is worth taking a chance on. I would not invest any more than you could afford to loose but if the PIP Process proves worthy there is no telling what you return could be. I am long and have not sold the first share in the run up with a .026 share cost average. Do you’re on DD and good luck.
About leases.
El Dorado assembled this acreage position from 2001 thru 2004. Some
of the leases are BLM leases (Bureau of Land Management) and those
typically run 10 years. There are leases with BLM that run up from 2011 to
2013. Some leases were acquired were state leases and these are 5 year
leases. In some cases these can be extended. A chunk of these leases
run up in 12-06 and 5-09. The acreage position acquired that can be
identified thru acquisition and public record is 10,880 acres in Roosevelt.
The total cost to acquire this acreage was about $148,000. The acreage
position has been being built for several years. They bought acreage
for $2/acre to $20-25/acre...dirt prices basically.
Lowman email
You got that crap right!!
Would you like to read an email from the inventor of PIP and an email from an oil/gas man that is drilling also in Roosevelt County whose geologist have looked at the prospect EDEX is drilling?
Lowman… I have some DD which some of it is glowing and part of it is negative. If I decide to post it I want you to have the choice if I post it or not. Give me a yes or no.
Revenues from Jan.1 through March 31… $62,504.00.
Statement of cash flows
https://www.otcstockinfo.com/repository/658075/658075_FR13.pdf
I'm a oil IDIOT also but I think they now have permission to drill when the site is ready.
Permit pulled for Glasscock County well!!
Search W1
Results
Searched for: 1 - 1 of 1 results
County GLASSCOCK
Operator Name begins with 'geosurveys'
Click on lease name for detailed permit information
Status Date Status
# API No. Operator Name/Number Lease Name Well
# Dist. County Wellbore Profile Filing Purpose Amend? Total Depth Current Queue
Submitted 05/30/2006 620094 173-33232 GEOSURVEYS, INC. (301322) SISTERS 1 08 GLASSCOCK Vertical New Drill - 8500 Drilling Permit
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General Production Query Results
Related Links
O&G Directory
O&G Proration Schedule
Offshore County Map
Oil and Gas that has been pumped out of Glasscock since 1993.
Query Path: Search Criteria > County GLASSCOCK
View by: Monthly Totals Annual Totals County Field Operator Lease District
County Statewide Onshore
County, Jan 1993 - Apr 2006
County Oil (BBL) Casinghead (MCF) GW Gas (MCF) Condensate (BBL)
GLASSCOCK 68,601,143 202,480,315 22,876,862 308,270
Total 68,601,143 202,480,315 22,876,862 308,270
Oil and Gas that has been pumped out of Glasscock County.
http://webapps.rrc.state.tx.us/PDQ/mainReportAction.do
Taken from April 11th PR. “Stable Resources LLC has recently completed a gas well discovery in Runnels County, Texas, using the PIP process”. I’m assuming this was a good discovery since Geosurveys ask the county for an easement to lay a buried natural gas line across CR268.
http://www.co.runnels.tx.us/ips/cms/modules/events/event_0005.html?uri=/news.html
Sal for you ole buddy
Here is a link to a news paper. Look at the date and read the article. This is the well that was shut down and let me know when this news came out in a PR. By the way this is where I found out about Geosurveys,
http://www.hesperianbeacon.com/063005news.htm
The future funding I'm talking about is for more wells in New Mexico.
I did not hear Tom say this but a person that talked to him said he said they would have to go outside the company for more drilling money in the future. So the next time you talk to him you might want to ask. I'm just passing on second hand info.
LMAO, No inside info since my DD came up with Geosurveys and Tom has put their name in a PR!!
That well is in Texas and EDEX just has 5% of that drilling project. Roosevelt county is the big dig. How close is a FLOWING well to it?
I have not called the first person an IDIOT. But if I do you will be the first.
Lowman.. your right about the production rate of a single well,it's the production rate on the lease or field.
Trops… I have been watching EDEX since last June. I started accumulating shares since Feb. 3 at .04 down to .017 and a few at .07. I have spent many hours on google and you can thank me for a few finds that that most likely would have not been made public by the company yet if I had not found the parties. I do have another report on the Roosevelt area where EDEX is drilling by another oil and gas man who is drilling in the southern part of Roosevelt co. His geologists agree there is oil/gas in the that area. I will not elaborate on what else he said but I will assure you at this time I’m holding on to my shares pretty tight. This is all I’m able to say at this time.
Good Reply
I have an Excel chart of the Texas Counties,lease names,number of wells and production. It don't cut and paste good but if you play with it you should be able to figure it out.
COUNTY LEASE NAME # WELLS OIL CH GAS GW GAS
BBL MCF MCF
MCCULLOCH BUSH 5 19,258 24,081 0
BYMAN 10 150,000 34,117 0
HARGROVES 14 306,897 63,957 0
JACOBY 10 0 0 32,352
SPECK 13 295,650 210,217 0
SPENCER 12 260,125 122,158 0
WHITE ESTATE 1 24,789 154,260 0
WHITE ESTATE A 1 0 0 10,020
WHITE TRUST 3 1,058 0 0
CRAFT 1 0 0 0
FORD RANCH 1 0 0 0
TOTAL 70 1,152,897 729,286 84,754
CONCHO JACOBSON 1 43
TAYLOR TRAPLY 2 0 0 0
FRANKLIN 2 575 40 0
EASTLAND DUFFER 2 0 0 0
FLOYD FOWLER 1 0 0 0
KIMBLE CEDER SPRINGS 1 0 0 0
RUNNELS NICHOLS 1 0 0 0
BELK 20 1 0 0 0
UNDERWOOD 1 0 0 0
MASON LEHMBERG 1 0 0 0
ALLAR 1 0 0 0
MENARD CLARK 2 0 0 0
Check me out if you like. I'm new_person_714 on RB. Ask the posters there about my DD.
How would I know how to ask the questions unless I knew the answers.
How many counties in Texas has the PIP process been used to idenify wells that have been drilled. Which county has the most wells and what has been there production?
Since you seem to be up to date on your DD, what part of Roosevelt County will EDEX be drilling. How many wells have been drilled in that area and what is the production? You can't answer that, you can't run with the big dog's.
Has any poster's
done any "SERIOUS DD" other than talking to Tom and cut and pasting PR'S?
Lowman..
Date Oil (BBL) Casinghead (MCF) GW Gas (MCF) Condensate (BBL)
May 2006 0------ 0-------------- 0----------- 0
Total 1,158,771--- 729,427---- 84,804 -------0
This can be found at thr TRRC website,
lowman.. Can you tell me the amount of gas and oil that wells have produced using the PIP process in Texas since 1993? TIA I just joined this board today so I think this is my last post.
Question of the day.
What are these figures?
Date Oil (BBL) Casinghead (MCF) GW Gas (MCF) Condensate (BBL)
May 2006 0------ 0-------------- 0----------- 0
Total 1,158,771--- 729,427---- 84,804 -------0
benzddealeror2
I looked at this website and could not find the NM permit. Can you tell me were you found it?
http://www.emnrd.state.nm.us/OCD/OCDPermitting/OperatorData/PermitStatusParameters.aspx