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I thought for sure that someone would paint this stock up at the close.History didn't repeat itself today.With no news as some suggest till early next year,tax selling season should be a great buying op for the gamblers.
Thats the way the market works,people buy that believe it is going up and people sell who believe it is going down.There is a reason it keeps hiting new lows,not enough buyers,add to that more shares hitting market to fund daily operations.No one is buying at the ask of .012 for now!
Good plan,I might have to buy 20 mil at that price.
It just the weak hands getting out.Good news around corner.Do your DD and you would be buying.Anything I left out?LOL
There were 9 million shares shorted at end of August,but they might of already covered in the last 6 weeks at lower prices.
There is your Edex pump.
We have a hole in Texas too,don't forget that.No numbers of any kind to base any projections on,all I ever see is JMHO,how long does it take to flare gas in NM?A year after hole punched,nada,nothing to add together.Believe me there is gas here,oil here,investors,and a new pipeline on the way.Show me the money,or any number I can base any projection on.I don't know how after 2 years plus and no real results that this isn't just optimistic hope.The 250 million shares are telling another story,that is the only number I see and those 1/4 billion shares are voting with there feet and headed to the exit.JMHO
Your right 1 cent to 1.5 is 50% rise,not visa versa.My bad
1 cent from 1.5 cents is a 50% loss.Now 50% more shares will have to be issued each month to cover op expenses,need good news soon.
I'm happy for you,like I said I sold at 6-8 cents,still waiting for the opening but will have 6 to 8 times more money and more stock,don't think I'll be buying anytime soon though if at all.Way to avgerage your costs down.
I don't ever remember a statement like that either,and last sale was 100,000 at .011 so were are almost there,great idea though.New all time low!
Yes if you can bring in truck after truck of drilling mud,then truck in the frac fluids,no problem to bring in a few yards of concrete,also tanks to flow test.
Thanks and it is not a horizonal well,the average ND well that are horizonal cost over 3 mil dollars per well and Tom stated that this wasn't and thats why it is cheaper by a mil.
I have a question.Don't you get flow results first so you can size up the infastructure you need?My friend in Cody said they flare test or dump into air the gas to get results first and in oil industry I thought you set up temp storage and found out what you had before you bought what you need.Don't know just a question.
The numbers come from reliable sources,Tom said on post 22229 that the next ND well should cost 1.8 mil.This one wasn't as smooth and had costs overruns so maybe 2 mil is very appropriate,also the flow results don't take months again post on 7/20 we won't have to wait long,let's wait a few days.A company I own now,gave initial flow,steady flow rates,and updated flow rates,intial was the highest,but at least we were updated,this constant argument of yours is old,from the start of edex someone like you has been singing this song,find a new song,unbiased opinions welcomed.
Yes, an initial flow rate would be great,and should already be known,but if it isn't in the hundreds of barrels it will be viewed poorly,this company was founded on the premise of finding large fields thru PIP at a cost of a dollar or less per barrel,company makers,paraphrased from EDEX docs.At 2 million dollars per well the first 33,500 barrels go just to recoup costs at 60 a barrel.Fiquire in costs,trucking,elec,ect.
Get the certificates,it will make nice wall paper,I know I have a few from other investments,and I don't believe anyone would have the shares you state,at least I hope not.This buy cheap agrument has been used since day one,go back and read the posts,all the way down,down,down.But it won't go much lower is now a reality.So load up all you bulls,the news is comming and it is good,has also been used for ever.Gltya,
How many millions of barrels of oil do you need in reserves to make this 1.5 cent stock double when there is a half billions shares out?Thats the amount authorized and we are getting close to half way there.Each month just to cover basics you will have to sell 2 million more,no joke.
You got to be kidding?Production numbers not untill Jan or Feb.Why?
The stock had on 1/10/06 ,89 mil shares outstanding,check post 30,When I originally bought in it was less,now it is approaching 1/4 billion shares out,one year from now who knows but if past is any indication of the future,lots.
Let me know what you think,maybe see you sometime when you pass thru TenSleep.
Is this the area just north of Rock Springs?I was in this area years ago.Equip and men shouldn't be a problem,how about pipeline cap?
I agree facts are in writing,opinions are rumors till confirmed.I don't mind rumors but facts I believe,and as we've seen Tom can confirm these if he wants,or Clayton.I don't like the idea that one person can call and get a story then post it here,that almost seems ethicaly wrong,inside info?JMHO,We need some facts soon,production numbers,then I'll lay my money down.
I would like to hear more of them also.Thanks for your time,also check out gtre,I believe the drilling in 4th quarter will confirm large reserves,been buying small amounts,have only 2200 shares.
I don't think we can afford the PR's and I hate the leaking of vague info over the phone that then gets posted here anyway.It may or may not get reinterpeted,this is the way to go.It is a public forum.
It was nice to see an appearence of the CEO.That's all it takes,some important questions were answered and share structure might be starting to change.
Thanks again
Thankyou,It is nice to see that share structure changing alittle,that earns some respect,thanks for the answer and is the 3 million dollar cost for ND about right?If you couldn't tell,it was nothing personel,I was trying to goat you to get a response,wish you would just keep us informed;there is no need for speculation,when the answer machine is here.Glty,One other question,please, you said Mesa will be alright,can we assume that it has been upgraded from possible.
All he has to do is put this to rest is answer a few questions.No BS just the facts.Put me on ignore,your there.
Can you answer my questions?How many shares out ect,Do you rule out a reverse split,say something just don't complain about me
Wouldn't be nice if Tom Stopped ignoring his stock holders.In his post he spun everything wrong I never said bank,he replied they are giving away % of fields to get funding,He said they weren't selling shares for exploration but didn't tell you that he has literally opened the spicket to pay exspenses and hire a spin doctor.Then he said all the Mesa partners are paid up,I said they had trouble funding earlier and just cause they are paid up now doesn't mean some didn't drop out and others took up the slack after how many months.Is Rayleen still a partner?Why ask a question to Tom he'll spin it to his cheerleaders,he wants nothing in writing thats why his post dissappear.Read post 14640 Tom brags about the hundrds of wells comming and triple the price.Now he talks about more wells,same song and it is getting old.Can't you answer any question except thru some intermediatory?Signed one of your mushrooms
Well I tried!Wouldn't be so easy to just give the facts?I'll hope for a reply,and I never said a bank loan,investors will and do give capital to projects with oil in ground.I think he'll answer,so no one can spin this thing,if not then it will be interpeted as a neg,cause only good news is released.Also when he posted on July 23 post 20895 the stock was at hi 5, low 4 close 5, vol 343,500.Now we are at half that,another reason to doubt his spin,each pre announcement is followed by a drop,am I wrong?
Nice for you to show up.Thanks for answering question that ND will be financed by dilution of our stake.How much did the well cost to bring in?I know there are still costs out there but a good estimate.Please.Was our cost $50,000 to buy in then 6% of working costs for ND?How many total shares are out?Are we finacing Mesa by given away % of field,if so how much.Answers are all we are looking for then I can't twist your facts.Thankfully Yours
That's a fact.Jack.How do we even pay our share of cost overruns?Mesa partners couldn't and bailed,if Mesa is so great you could find money,based on future revenue.Why issue even one share if we have resources in ground to borrow against?Of course issuing shares doesn't hurt Tom and he then has money to pay his salery,and car ect.No incentive for Tom I quess to be frugal.He runs the printing press.
The well cost only about 1 mil to drill,using your fiquires.The state of ND says average cost is 3 mil+ per well.Are you sure we didn't pay $50,000 just to earn a 6% working interest?Then pay our share?ND royality is I believe 5%.Fiquires I used are based on the avg. of everything posted by state of ND.If it was drilled at 1/3 cost and we get more at wellhead and don't pay state royality,or fed,ect then maybe your fiquires are correct.Again I used avg costs.
Good,lets keep it balanced.
I already sold at 6-8 cents,I just don't want this to be a one sided board with nothing but positive,spin doctors continualy ignoring the issues of concern.Thanks for that opportunity.
I didn't see one name mentioned,so I have to doubt your vague inuendos.I researched enough to know that you can't fund a company on this well.Just another string of hope for investors,with no real news.The last moderator was feed this optamistic spin till he just had to say enough,find some one else to string investors along.This was never meant to be a long tem play,but a short inning full of HR's wth PIP leading the way.Rank wildcat,patience,long term didn't enter the equation till after management screwd everything up.We had the funding to swing for the fences once,MESA,we fouled out.Now explain how do you start over.
If it can produce 200bopd it will take one year to pay off well before any income comes in.No real numbers again just a questimate of may produce 250.At an average cost in ND of 3 mil per well,they need to raise 39 million.No home run here.Maybe next PR will have real numbers.But I have to say nice positive spin put on this PR, but still says nothing is very creative.Well could still be a bust.Took 2 months,no flow rate,spec grav,market,price,another string.Tom said EDEX was here to hit homeruns not singles.Thats why methane is stupid.How do you raise money when 200 mil shares are already out?Can you spell reverse split,1 for 10.
I applaud you.More balls than I got.Won't take much for a 100% gain.I think the mailing,calling campaign worked.