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what is EDEX's percent interest in the well?
i agree...the production casing has to come out before we know any flow rates, right?
He probably is just a kid...maybe a pimple faced, puberty stricken, unstable little kid trying to talk about things he just doesn't understand. Hubble, please don’t go shooting up your school if EDEX doesn’t have a good PR. I’ll be watching the news for you…
did you notice he forgot he wasn't talking like a moron for the first part and had to make up for it by the end. you really need to get a life Hubble. were you dropped on your head when you were a kid?
hubble...did you get beat up a lot when you were a kid?
looks like rig hands are calling their brokers and putting in orders!
.065 / .075
!!!!!!!!!!!!!!!!!!
I would have to agree...smells like a positive PR is on its way!
is this from tom??
here...use this please. http://babelfish.altavista.com/
and now he is buying up water rights all over texas and elsewhere...
I think the first 2 zones showed signs of gas, but the deepest zone showed signs of oil. It's the oil that we want, because we don't have to build a pipeline to get it to market, we can just truck it out. Therefore, we don't need a whole lot of oil for it to be "commercial." Any thoughts?
Go ahead...the bid is .045, sell your chit and get of the freaking board you bunch of weenies!
Maybe someone will come swoop in and save the day...
100k at .07?!
Someone was trying to scare the crap out of us and knock shares out of weak hands.
bid is now .05
oh my god...this could not get any worse...dragon man and hubble, please go play in traffic together.
LOWMAN!!! Where are you when we need you?!
Hubble...could you PLEASE, for the sake of EDEX and all shareholders, stop posting crap about secondlife (or anything else for that matter!). It must not look good for those coming back to lurk just before results and only reading a bunch of nonsense. All of those articulate people who have contributed so much to this board in the past...PLEASE COME BACK! At least talk about something that makes sense.
We are waiting for results on the Mesa prospect right now. There are 3 potential pay zones (2 gas, 1 oil). The 2 gas zones are close to the surface. This could make them worthwhile to tap. The potential oil zone, while we don't know it's size is a granite wash section known in other fields to have produced good quantities in the past.
Anyone else have anything else constructive to contribute?
Have you found it on Google Maps? I don't know how updated that area is, but I know most areas are updated often.
Some interesting trades just went off...can someone with L2 post them?
So how did you run PIP over this prospect with you laid up in bed and Calvin busy with Mesa?
you could hear a pin drop in here...
is this North Dakota well an EDEX project?
EDEX is finally on the verge of announcing results of it's Mesa prospect. Should PR this week.
What's the deal with the ND well??
Geo, I understand O&G project timelines are nearly impossible to predict with certainty, which is why Tom should practice the same restraint that the majority of O&G CEOs practice and "not give any predictions on when completions will be finalized because of these difficulties." You said, "no one can predict when a completion will be finalized weeks in advance, or even one week in advance," than please, let's not PR predictions that are impossible to make in the first place. Doesn't that just make sense? I know it's silly to even worry about these specific PRs, because in the end Tom will only be judged by the final result and not the process he took to get there. Regardless if Mesa is a success or a failure, no one will be talking about the PRs leading up to it. However, there will hopefully come a point in time when PRs and CEO expectations will have a MUCH greater importance on the share price and investor’s confidence in management. I just hope Tom does not make the same "overly optimistic predictions" about information on the income statement and balance sheet. Although, I don't really worry about this, because I don't truly believe that "this is basically just wishful thinking on Tom's part. Nothing more and nothing less." Tom is too smart for that. I think Tom does everything with purpose. I just think his logic is flawed in regard to "optimistic PRs."
With that being said, I am still LONG and have high hopes for Mesa!
I have never seen anything like this before in my life. I wonder if there has ever been a another CEO in history who has not reached even one estimated deadline EVER. I don't think one of EDEX's PRs has ever been accurate...NOT ONCE! I don’t understand what goes through Tom’s head. Is this some sort of strategy that I don’t know about?
where is the ask now?
That is good news...although Monday would be a better day for a PR, it would sure feel like a LOOOOONG weekend if we don't hear something tomorrow!!!
The way I see it, there are only 3 things that could be going on...
1) Insiders are stirring up some buy volume so it seems like Mesa results are positive so that they can dump stock before the negative PR.
2) People on this board including lurkers are buying on a hope and prayer without knowing any information.
3) Rig hands are calling back home to their wives and children and getting them to buy some shares because they just got drenched in oil from the granite wash section of the hole.
Or maybe a combo of 2 and 3…
There seems to be some activity going on today. Is there anyone reading this board that is buying today, or are we seeing activity from other folks who might have some first-hand knowledge about what we have or have not found at Mesa (i.e. rig hands)? If everyone would report their activity for today we could get a better understanding about where this activity is coming from.
I'll start...I have been sitting on ALL of the shares that I bought almost a year ago. No trades since then, although I should have bought a ton more at the dip in December.
My activity today: None
thanks shorenuff!
Can someone with Level 2 please tell me if that 98,000 trade was a buy or a sell???
This might be just the right time to announce a big hit. NG has made its way back up to 8 bucks, oil is on the rise, and the talking heads on CNBC are all talking about it.
You have got to be kidding me!!! I had a feeling something would go wrong when I heard we were using NEW rig from China. Well at least they caught the potential problem before it got started and not in the middle of the project. Could you imagine the PR for that one?! No one would EVER have believed them…even I would have probably sold everything on that one, only because I would have thought they just didn’t get the results they expected and wanted a chance to get out themselves.
sure it is...you just have to pay the price!