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It is confusing because Butterfield said they started producing oil in thier 4th quarter.You know they can't be producing much or they would have reported first shipment months ago.If you only produced 75 barrels a day for 75 days your tanks would be full a long time ago.
The well is called a wildcat.Do you know what that means?Is Montana dry?Just the majority of the state.The stock started the day at 17 cents and ended the day at 17 cents on 3 times average daily volume.Was a great day to sell out and that is what knowledgable people did.Saved themselves lots of money!
Who have you talked too?Do you know there is a dry hole with the same name;right by this hole?Have you visited with the operator,well service companies,DNRC of MT.I don't think you done any dd just have an opinion.I've given you the county,state agency,API#,operator,don't believe what the company spoon feeds you,the answers can be found.People stake out tank batteries and count loads,other exploration companies want leases nearby and court house records will show if there has been a renewed interest in this area.Just food for thought.Happy New Year and Good Luck.Don't get caught like me owning lots of shares of a worthless company,mine was EDEP,I started calling field operators ect.and bailed with small losses,the rest lost all.I found 2 wells plugged before any announcement from state web page.Company was still optimistic.
Don't want to throw water on this fire.But the price isn't rising because most investors can see thru this oil has been shipped BS.They haven't been able to get a flow rate for months!The well is currently not producing according to Sands.They can't get it to produce now,they need a new stradegy,game plan to get this well to produce,may need to bring in more equipment,men,money ect.UTOG thru out a bone with no substance to stop the slid.Months ago they said they would have flow results months ago,Now!they are saying it will still be months before they will have flow results.Incompetent company with nothing but PR's to move stock.It propably cost more to ship the oil than they got.Full of water,sand,chemicals and other acids,then pumping and shipping costs.Well head price?No profit,just more costs.JMO.If you want to go to Dept.of Natural Resources Montana click on wells you'll find out where this well is ect.Use the API number from my previous post,also Sands oil on First St Billings may answer a question or two but is getting very quiet.Also once you find out where,why find out who services wells in that part of Montana and make a few calls,the info may not be 100%,but beats total speculation.At least you'll get a feel for what's up.
The well is not pumping according to the operator.The New Miami well is considered a wildcat because of it distance from any producing well.A well was drilled close by and pluged as a dry hole it was also called New Miami.This NM well is API #25073218470000,it is operated by Sands OIl,Billings,Mt.permitted on 5/10/11,Spudded on 6/7/2011,it is horizonal.It is located in Pondera County Mt.,T 28N,R5W,sec.21.No production has been recorded to date.
The arguement about year end tax selling makes sense,but if 100,000 shares sold went to 1 million it would drive the price down,because they're no buyers!So if you can't sell a thinnly traded stock,like Utog you're stuck.Been there done that.Volume won't increase.The insiders know and the smart investors know the test results,the individual investor doesn't.Glty People want a bargin and on March 24th this year it was at $2.60 now 15 cents,think about that,it is not a gov't conspircy,they could list in Canada?Why don't they?Thats where there from.Have a dual listing,many companies do.Research analyists would fall all over themselves to buy a stock worth $3 for 15 cents and the price would not be at 15 cents.
15 cents,Wow,Either back up the truck or dump the garabage.
I was wrong I thought sub 20 cents a month ago,but today 18 cents and lower.Maybe the idiots running this company should post results.Facts are facts if good,the price rises and if you just state facts how can finira argue?I think the stock price is representing the leaked out results.People who don't like losing have people stationed at the oil loading facility and count the loads taken out or not.My friend a PI did this in Gillete Wy and the investors walked.Cost them some money but they saved a boat load!
Who cares,money is money and money will follow.Where the hell are the real results,facts on the only producing well.These company officials need to get the facts to shareholders.They stall to the gov't,they lie to us and only use PR's to hyperboyle projects.Open up or fold.
Yes on Oct 30th they started flow testing with a PR on the 31st of Oct.stating that in 10 days they should have the well tuned in and results!Well I think it is Dec.8th and no results.Why,?That,s what I think too.
Good luck to you,I just don't like statements that aren't followed up on,if results were implied to be released days ago then do it.If you fail on the integrity front,for a future hype job you are manipulating the stock.Maybe if they relesed results now,you could buy more before the possible uplisting,making profits for the long term faithfull not the market makers and manipulators,JMO and I may be wrong!
Can you believe they haven't released results?Everything is BS with this company,they say one thing and deliver nothing!6 more months of uplisting,most likely.Oil results ,enter your own excuse here.POS,take profits now.glya
This statements always say prelimenary review when does the actual review begin?
Who is the market maker?Can the Feds fine them for past violations?
Who is this market maker?Is it a secret?Can the Feds fine them for previous violations?
You are right on!I thought high teens on a avg.volume day but now I think low teens.I don't know if a person could even jump ship if he had a million or more shares to sell.Another great day to average costs down,been alot of them lately.
Bouncing off the bottom,day after day,wait till one person dumps a million shares,How about that revision of the 10Q,these guys can't get nothing right.Someone knows something and it is bad.
You have a very valid point,at least based on volume.But most people know if they try and sell even 50,000 shares they will get killed.JMO,but volume lately has been 3 to 4 times avg daily volume and the arrow is down.Let's see how it shakes out if volume returns today.
Nice paint job on the close to make it look like it actually will trade above the 20's.Nice trade today at 25 and 1/2 penny.Well it is now ready for the drop.News is out we just don't know.
Another good day to average costs down,hope you got some of the 31s.GLTY
It was nice to see some volume,which points the real direction of this stock.169,000 shares sold in one block for 31 cents,the 20's are close now.Someone knows some news and it is not good.I've seen it alot trading on knowledge we don't have.JMO,Don't believe a broker would let you borrow stock in a non listed company.No real shorts just people bailing.
Terry Fields CFO can't get quarterly report filled on time,notifies SEC.Crazy ain't it.Trying to uplist,I think you would have your ducks in a row.I know,here come the excuses.
Bruce,if that is flow from old vertical wells;then if horizonal technology is used you can open up so much more and can stay within a very small zone.I can easily see a flow as much as 10 times greater.I believe the data comes from old wells?Initial flow rates have been comming in high in some areas like this but tapper off,don't believe initial flow rates,see how they pan out.Also I'm in Billings on a weekly basis,what is Sands Oil doing?
You were right Zapata just went a decade of losing money,owed B of A over 500 million.Not a company I'd like to be associated with,very checkered past.Scandals,CIA,loses,I'd leave it off my resume'.
Zapata was a anchove company that went into the oil biz,maybe off shore rigs and then went bankrupt,if I remember right.Also Jim Cramer says anytime a CEO leaves for personal reasons or to spend time with family,it is a giant red flag,could be true,but rarely is.Going down.32 cents the low today.GLTY use caution as the SEC says.
No I'm not kidding!Strong in the low 30's not 40's,And it must be a vey long corner,UTOG is turning.
Big News doesn't mean good news!40 cents on quarter plus million shares traded.Grey sheets seem to be utog's perm home.Glty
Man I thought I was lucky because I didn't try and catch the falling knife.Hope it don't stick you.Oh buy more it is cheaper again today,can you average your cost to Zero?LOL
I see it opened at 40 cents,boy I'm glad my buy order was cancelled on June 1st,the Feds did me a favor!
You might want to think that the company itself posts on these pages,either directly or indirectly,seen it before,one person many alias's!A stock doesn't go from $2.60 to 1/2 dollar for no reason.They try to discourage any disenting opinion.
I was just going to buy,but Scottrade canceled my order,only 500 shares trsded today and luckly they weren't mine.Sub dollar tommarrow?
What is wrong with paying market price?They always get a discount.The mill must not be able to process the ore efficiently.Wonder what they got on their first two shipments of concentrates?
Why is this stock down,when most gold stocks are hitting all time highs?My Scottrade says down 5% for the year.Doesn't make sense.
Does something seem amiss?The stock was higher,gold was lower and they have had months to produce a single oz?Their partmer cleaned house!More shares out.
Well that makes me feel a little better,I was one of those who lost 25% in a week great timming on my part.
Why the drop in price?Is it the 4.35 mil.share option executed?Lack of production?And what is taking so long to get gold from the concentrates?For the year the stock is down and gold has been up.Are the Reids selling?
I haven't been proved right on this one yet,but I believe that they have the right mix of properties and management.I bought more at 16.5 cents.If you got a few hundred dollars and some time maybe a year it will grow.Do some DD and see if it is a future home run?
I think that at least they would use the div.to pay more on exploration than shareholders.At most a 4 or 5% div.Jmo,and I sold too early,just sitting on the sidelines with more than double my money though.It's been a great ride.
Hopefully verifiable wells.Give name,location,date,initial production and current production,so we can check.Also was it used alone like Mesa or just verified what 3 D seimic showed and was it a wildcat well or just an offset in a producing field,[which proves nothing]
It is old news but I research this years ago and found no state or federal lease with Eldo's name on it and if you go to New Mexico state land office, oil and gas div. check on Mesa 26 State in Roosevelt county use number 30-041-20924 you'll find that the Mesa properties on state land are only in geosurveys name,I also checked the federal leases again no eldo on any lease,can't remember the price paid anymore for the leases.Lease taken out on April 1,2004 expire 2014