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And with oil soon around 55-65 I see here at this time no up movement.I expect next level support for edex around 0,0008. You all have to make a decision about your investment here. My advise to you all is sell now because it could come worser. I know some people here have invested more then they could afford.Do you really want loosing your hard earned dollars with this garbage stock?
Low volume because nobody is interested here. dragon your statements don't really looking professional but also you have to remind yourself that your statements are wishes. And wishes are are no FACTS! What will happen when they pr a dry hole? Then you would hopely realise that you have dreamed or waked up.
I think drilling has stoped yesterday because no positiv results. Yes I would say they have yesterday decomposed and moving today from drillsite. I would call it dry hole. All negative here.
Thats only my opinion. And for me I'm 100 sure. Its not a insider information only a good research that was done. But you can wait you all will see it in the pr which should be soon on wire.
Nothing because it will never hit black gold. I see edex in the 0,000s soon.
kingman I lost 1200€. And I hope strongly yes I pray for it that this stock only goes down. Because I hate this company. It is and will be everytime the same situation. The Companys pip is a shit of peace. Have they ever found a major hit with pip? I can not remember. And I'm confident that the the share price never comes back over 0,1 not this year and not next year!Yes I'm was a small jerk you are so right but the biggest jerks are here on edex message board because you guys have spend your money around 0,8 here in this lost cause. You want never get your money back. If you like gambling you should buy now because it is really cheap lol. And the statement from the company to mover to a higher level never takes place. If it would take place I have my doubts about it because the share price then for sure remains at lower level.
With EDEX you cant make big money!!! Only lose money. With oil at 55-65 Dollar soon it is a wrong place to invest your money in companies like edex. Hopely this goes down today on yesterdays pr.I would like to see it in the 0,000s. I know for sure that some people here want out and still hoping that the price goes up. It never goes up. The only thing what goes up is your frustration. What a bummer that I can not see all your big jerk faces when this goes down here ha ha ha. Its better loosing 1200€ then thousend of dollars. The jerks are you guys because you are all in and waiting here for better days.
I HOPE SO STRONG THAT THIS COMPANY GOES TO SUBPENNY WHERE IT BELONG! See you all in the basement soon. HA HA HA
I see oil in the near future around 55 -65 Dollar. Looks not good for mkgp. I would sell soon because my crystalball shows me o,oo7 for mkgp.
oil soon at 55US dollar ! Thats not good for littel Edex.I'm still waiting for the year end pr.
Looks like the same mad pr like last year. Does anybody remember it?
ALSO 2008 was a down year for edex but 2009 we are optimistic, hahaha!!!!!!!!!!!!!!!
I told you all last year that nothing special want happen here in 2008. This company is dead. I'm sure that Tom and co announcing a dry hole again. I'm sure! DO NOT WASTE YOUR MONEY FOR THIS GARBAGE HERE.
The shareprice of mkgp never moves about 0,05! It is rumored that the BOD planning to go private. That is not a big problem for them.
Majority of shares they hold.
I owned a couple hundred thousand shares of MKGP
Because a colleague of mine worked for MKGP, I had invested a few thousand dollars and bought up a couple hundred thousand shares of MKGP. Let me just tell you that it was the worst decision I have ever made. I could get no information from the company and the companies Investor relations person would never answer any of my emails. I later found out she is just the girlfriend of the president and that they live together.
This is not a serious stock nor a serious company. I sold all of my shares, took a loss and just chalked it up as a lesson.
Today it is at 1.6 cents per share. Too bad there are many people that took the word of these people and are holding virtually worthless stock now.
MKGP! My streamer showing a BID at 0,23 for 220000 shares.
Somebody is trying to find someone who pays 0,23! I think he can wait some more month. Or he knows somthing!?
my streamer marks one sell 220000 at 0.23!
I think thats not an error!!! Something is going on here?
11 days remaining and Q3 finances are closed.
does anybody also see the bid at 0,23 with 220000 shares?
Thats curious. Someone knowing something?
probably a client from UBS is the problem. But 50.000 is not much
UBS is at 0,01 bid what a joke! The company is more worth then 0,01.
The client will wait long to get some at this prices! NEVER!
Management should acting now to stop this insanity!
I have a order placed 200.000 since last week and got nothing.
I'm not concerned about the moment pps here.
I have around 3.000.000 shares. It is not easy to get shares at this moment level. I'm sure within two years we are much higher here.
This pr caused last year a lot of demand in this stock!
But they have decided against this additional membership in 2007.
Will it happen in 2008?
Maverick has negotiated a new six month option to acquire an additional 13.184% membership interest in Z2. Maverick's option exercise price is $1,000,000 and may be exercised at any time through July 17th, 2007. If it were to exercise this option, Maverick's membership interest in Z2 would increase to approximately 24.7%.
Outstanding Shares (FPP)
8,910,175 as of Mar 31, 2008 --------> MKGP 127,000,000
Float(FPP)5.3 mil -------> Float(MKGP) 31,400,000 mil 6 fold
MKGP should at least around 0,4 with this comparison. Conservative estimate!
Nice chart! The Net Income from last year is nearly the same like MKGP reported this Q!
Fact is that the price for oil and gas continues to rise in the long term.
America desperately needs own producing oil and gas companys for years to come. MKGP is one in the big running gear with potential.
MKGP is a embryonic company! MKGP is established since two years if I remember accurate. My assumption is that the company has strong guidlines for the month to come.
My presumptions are:
1. Boost oil/gas production in 2008 and 2 Q off 2009
2. Higher stock exchange in 2009 or 2010
In my opinion it is at this time not vital that they go to a higer board. Top priority for 2008 and 2009 schuld be oil and gas production. And lowest priority schuld be higher board.
Remember this is NOT a norm pinky! If we sum up all the past events MKGP is one of the best pinky companys. I'm sure shareholders will be rewarded. Give MKGP some more month!!! In the meantime take the chance to buy some shares.
Looks like management reduces first liabilities in fact of high oil prices. They could have higher net profit but they decide to reduce liabilities. One thing I don't understand is the current share price. Oil is around 130$. Goldman Sachs predicted today 150-200$ within one year up now. And the price stays in this range. Cheap oil is history. It is stated that oil will be never more below 100$!!! In the past it was to cheap. 2002 it was around 20$
More and more I like this company. I had a negative appraisal against MKGP. But I'm sure it will last minimum two years before the share price is around 0,5$. But the long wait will pay off.
And I beliefe that we see the 0,003 range again. Because two MM on Bid with 0,03. The real question I ask me is how many share are available at the ASK at 0,06 and 0,12? and 0,15?. Looks like to me not much. And is the big seller gone who was here over one year and stoped the really?
hi dragon!
David T. (Tom) Laurance, President and CEO of Eldorado Exploration, Inc., stated, "Becoming a 'fully reporting' company and listing on the OTCBB is an important step for EDEX and should provide a significant boost to investor confidence.
Management must be realy confident that they have a card up one's sleeve???
Otherwise they would not have prepared this step???
Can you imagine what will happen when they have dryholes again?
I can! Hm it is difficult to evaluate the current situation here.
How long does it takes to grade EDEX up? Probably until the upgrade to the otcc there will be no pr. If Edex becomes otcc status the company must cut his AS of 500.000.000!!!
EDEX and management is at high pressure.
Everybody awaits eagerly results. Eminently after the Year End Update from December 2007!!!Although 2007 was a down year for Eldorado Exploration Inc.’s (Pink Sheets:EDEX) stock price, the overall future of the Company is poised for a big boost in 2008. Does it mean from 0,008 to 0,013 was the big boost?
Second Q is around the corner and nothing has changed here.
Edex has now seven month remaining for a big boost in 2008.
Otherwise Edex lose ground and credibility in the investment community.
Does anybody realy think that all is true? Be carefully. My prediction is that this moves to 0,002 within one week. Then ist crashes back to 0,0001. TO MUCH SHARES OUT HERE. This will be the same hype like QBID. I own 86.000.000 million shares at 0,0001.
I will be selling for sure at around 0,002:) There are to much sellers around 0,001+ it will never move higher.
this stock needs not million it needs billions to move over 0,002+.
mark my words.
Dragon man EDEX has no future. The hype from 07 starts again in 08! Tom is a dreamer. Nothing will ever happen here. All pr's are bubble of air.
EDEX will never be over 0,1. Your're dreamer with your 0,4 end of year.
Did you mean 0,0004? I only remind dry hole after dry hole. This company should be soon shut down by SEC. Bringing out pr's with now
confirmations to hype the stock that the insiders can sell. Nothing will ever happen here. I see here only future development in bringing out pr's to hype. Those pr's are not checkable. I hope people don't buy on those presumptions. Do not waste your money in this DREAM COMPANY with no future!!! The year end update 07 was absurd. It looked like an despaired approach themselves to exculpate.
AURC is history. It will go to subpenny. The russians have fooled all investors here,LOL. Well, in the past the AURC Investors believed in something like destiny but at this time they will know they have been hocused by AURC. SUBPENNY SOON!!!!!!!!!!!!!!!!!!!
On the first view nice news. But on the second view I would be concerned as an investor here. At the first moment I would not buy this stock because we will move not higher at the moment then 0,05! Probably we will see in short term again 0,02. They made each month around 42.000 USD net profit since 2007.That's in my opinion chicken feed. I think end of Q4 2008 they can not top it because of missing oil production. They have to improve the oil production untill Q4 2008 lets say to 50.000 barrels. The question is what will be the maximum monthly oil production in the future here? Is MKGP aible to expand the capacity? And what will be the maximum here???? Thats the secret of MKGM management.
20.000 barrels of oil plus gas sales each month will never bring attention to the wallstreet. New investors will never buy this stock. I know that Big Foot Field has approximately 310 production wells in the field of which approximately up to date 225 are presently revenue producing. Do you think that the remaining 85 wells will produce the net profit for Q4 2008? If they update their 11.517% profit interest to around 24.7% that would only help for short term gain. The field "Big Foot" is recently valued at approximately 19 million US$. But they have with the membership interest in Z2 75 million US$ "debt". The "debt" must be paid back but with a field which is valued at approximately 19 million US$ is hard to beliefe they will ever pay their debt with effective rate of interest back. Does anybody think they will pay the rest of 56 million US$ "debt" with the gas sales or 24,7% interest back? And I'm sure that the oil price will be back around 70-80 range in the foreseeable future. And thats makes it more difficult to top the Q4 2008. They must doubble their oil productions soon to app. 50.000 barresls to top the Q 2008 data. Thats the reason why nobody is interested here to buy. This is a watterdrop on a hot stone for the moment. I read that somebody mentioned this will be an easy 10x. I can't share this predication.
You are so right!!! AURC is history. It will go to subpenny. The russians have fooled all investors here,LOL. Well, in the past the AURC Investors believed in something like destiny but this Tuesday they will know they have been hocused by AURC, Lol
GAME OVER for AURC on Tuesday !!!
Good morning
Does institutional investors in AURC approach retirement soon? I don't think so. At least you all here have found the mine web story.
The moment of truth is approaching soon and if you asking me that AURC is in really big troubel now because an independent reporter has found out the truth about this company and wrote this down. And thats only the beginning here. I seeing alot of investors starting groups for suit cases against AURC. You all can be sure that AURC will not affirm the truth of the statement it will rather prevaricate the truth on Tuesday with a untruth. Better go out on Monday morning and pray that your losses are not so heavy!!! This is the end of AURC. Do not waite for better prices they wan't never return. But there will be people saying you yes buy now it is really cheap averaging down those people are dreamers or working on behalf of a client with the name AURC? It is interesting how much people are promoting this co on Ihub with only one intention?, LOL. That the company reflects not the real value over the last month has only one reason. Read the article Mine Web and you understand it.
AURC is comparable to CMKX. I give you strongly my advise do not waste your money in this company. There will be a big sell of during next week. Tuesday will be a black day for all AURS investors.
there will be no uplisting this month. They will find another flimsy excuse. The company alway finds flimsy excuses.
Hopely you will note this until the end 2008, loll
AURC=biggest scam.
the company always talking but nothing happenes.
AURC will move down to 0,01 that is my opinion.The company is hot air.
I told you all for one month that EDEX will be around 0,005 because thats the base. It could go to 0,001. This company has no interest for his shareholders otherwise they had released some positiv news about the last hole. For me it was sure from the first day the video with Tom Laurence and his estimation came out. What does Tom doing all the time? Wasting all your hard earned money you have spend in here for nothing? Puting out two or three press releases each year to feed his shareholders making them hope that something is going on? This stock will never move up. EDEX has no significant oil produktion. I sold all my position with a loss. I bought in here around 0,1 and sold around 0,07 (stop loss)I'm now happy that this decision was right. You will see this will move to the D-ZONE = 0,0001
Everybody who is buying at this level is a fool.
The company has alot of acre they have PIP but now significant oil.
Wow thats actually interesting company. Howlong does people waiting here for success? If I remember probably around three years and nothing changed positive. Only that the company is wasting a lot of money to find oil where no oil is. For interest i will step in here next year to see what EDEX will next promise to its schareholders. Seems to me that the company ist not possibel to update monthly about their efforts on there web site. Edex went in Q.T for some special reason. Nice Xmas:)
I have a feeling that we will see soon 0,01 again. Hopely I'm wrong with that. Ask yourself why nobody is investing in MKGP. If this company is really good then the right money would be spend from the right people in here. The best for MKGP would be going privat. They should pay each investors x amount.
We don't see any real resistance until the $0.15 area and it is our conclusion that resistance is somewhat light.
My opinion is they have hyped this stock at this time.
I have no good feeling with this company. They have a credit over 75 million. How long it will last untill the credit is repaid?
Authorized Shares............................... 500,000,000 as of 10/15/2007 and this is another problem. Do you really think this is a good view for new investors? If they could cancel this then MKGP would take off
I think they must do a R/S 130.000 millions shares in the float is to much if you ask me. Look at the other big oil companys they have maximum 40.000.000 millions shares out
This report is from March 2007- probably thats the reason why microcap is silencio??? They have watched in the wrong glas??? And remember oil was in March 2007 around 60$ today we are at over 90$. There is something wrong with this Company, question is what?
MKGP EXTREMELY STRONG! SHORT TERM TARGETS WELL WITHIN REACH! What is their timframe for short Term Targets??? 12 month or more???
With todays news release MKGP's fundamentals continue to strengthen. All short term technical resistance appears to be out of the way and the 50 day MA crossed the 100 day MA several weeks ago, it appears to us all systems are in place for an explosion to the upside.
The chart shows 2 solid CS closing at the high each day with more than respectable volume in Friday's session. The 50 day average volume is 399k shares. At 745k shares on Friday we have almost doubled the average volume. In our estimation the volume helps confirm the breakout.
We don't see any real resistance until the $0.15 area and it is our conclusion that resistance is somewhat light.
The strong buying at the end of Friday's session, the recent blocks that have been overhanging the market apparently gone, the outstanding news released after the close and oil prices above $60 per bbl and holding can only mean we will hit our short term target of $0.25 sooner rather than later.
Remember $0.22 is the all time high for MKGP. Any other prices prior to MKGP being public are not relevant. We say that because when we break $0.22 and hit our short term target we are completely in uncharted waters. In our opinion that means, at least on a short term basis, the stock could literally gap up and go anywhere. Expect that to happen when we break $0.22. We will experience some retracement and consolidation after that gap and then expect the march to higher ground to proceed from there.
Hold on to your hats! All indications are we are in for a ride next week and Monday in particular.
Certainly there is more news on the way. Maverick has been consistent in their releases and we expect that to continue.
I must implore you sideliners not to wait any longer. Resistance is Futile! The break out is here! The fundamentals are stronger everyday. This could be your stock market story of a lifetime. DON'T BLOW IT!!!!
About Maverick Energy Group, Ltd
Maverick is the operator of the field and owns an 11.5% member interest in Z2, the owner of the Big Foot Field. Maverick Energy Group LTD (formerly Pinnacle Group Unlimited, Inc) is the Operator of the "Big Foot Field" in Texas originally developed by Royal Dutch Shell (RDS-A). It has approximately 300 production wells in the field of which approximately 240 are presently revenue producing. PGPU/Maverick is also the part owner of several producing natural gas wells and owns additional natural gas leases in West Virginia.
I'm confused-MKGP should be going up in stock price for the following reasons:
1) is a fundamentally stable and prospective company
2) its last earnings report is very strong
3) its involvement in Big Foot Oil Field could prove to be
very profitable
However, investors are not noticing this stock and it has actually been going down in stock price...what am I missing?
it may only be a matter of time before the larger speculative community finds Maverick.
Maverick is the sole operator of, and owns an 11.5% interest in, the Big Foot Field, originally developed by industry giant Royal Dutch Shell and subsequently sold in the early 90s. According to company, Lee Keeling and Associates assessed the reserves of this field in January 2006. For the remaining net oil reserves of 229 developed producing wells, 1,279,917 barrels were estimated. For the remaining net oil reserves of the proven undeveloped properties yet to be drilled, 8,424,005 barrels were estimated. Based on conservative valuations, net revenue from the producing properties is expected to exceed $38,000,000 and future net revenue from the undeveloped properties could be in excess of $353,000,000.
These are pretty large figures for tiny Maverick, who has an option with Z2, LLC to acquire an additional 13.18% in the Bigfoot Field for an exercise price of $750,000. Although Maverick would have to exercise this option in a relatively short period (before January 17, 2007), it seems a fortuitous deal considering the additional 13.18% would give the company revenues from an additional 166,000 producing barrels and potential revenue from over 1M additional barrels still undeveloped in the ground.
Z2, whom Maverick is a member of, recently closed a $40,000,000 credit facility with Gasrock, LLC of Houston, Texas to further develop the Big Foot Field. These funds should greatly increase the likelihood of tapping into some of that undeveloped revenue potential, and will directly benefit Maverick as a stakeholder in the Field.
The total revenue picture could be quite lucrative for Maverick, promising total revenue of over $90,000,000 with their exercised option in Z2 and provided the undeveloped properties are eventually revenue-producing. Given its current capitalization of just over $5M, Maverick appears to be trading at a heavy discount to a company that could potentially have revenues per share of nearly twenty times its current market price. With current net earnings about 16% of revenues, Maverick could conceivably be earning $14.4M dollars, or about $.11 per share, within the next few years.
With management expecting increased net earnings for the second half of 2006, it may only be a matter of time before the larger speculative community finds Maverick. In the meantime, it certainly warrants serious consideration for a microcap oil and gas company that's actually making some green.