Friday, March 24, 2006 3:26:55 PM
Accumulating TREN
The company has finished its drilling phase and now started to perform testing on what they have in the ground. In the next 2 months there should be significant news on the horizon about the results of those wells. If history repeats itself there should be some nice upside potential if everything works out just fine.
See the chart:
Insiders have been buying in the last 3 months. Total shares outstanding 25 million. For more information see http://www.torrentenergy.com/s/Home.asp
Key Person in this company and his involvement with Pennaco Energy in the write up this weekend.
George L. Hampton III, MSc. – Geology Director of Torrent Energy Corporation
George was appointed as Director in July, 2004. He is a highly respected professional in the coalbed methane ("CBM") industry. Since 1980, George has been extensively involved with the evaluation and exploration of multiple CBM projects with companies such as Amoco, TEC Resources, Pennaco Energy and JM Huber, primarily in the United States. Since 1986, he has also been active through Hampton & Associates in managing CBM projects, supervising drilling of CBM wells, conducting feasibility studies, and generating CBM prospects.
George is a qualified geologist with a Bachelor of Science -- Geology from Brigham Young University in 1977 and a Masters of Science - Geology from Brigham Young University in 1979.
Latest PR
Torrent Energy Provides Update On Nitrogen Stimulation Program At Pilot Projects
Vancouver, British Columbia -- March 16 2006 -- Torrent Energy Corporation (the "Company") (OTCBB: TREN) is pleased to announce the following development from its wholly owned operating subsidiary, Methane Energy Corp. ("Methane").
From March 9th, through March 12th, 2006, Halliburton Energy Services completed Nitrogen (N2) stimulation activities on a number of Methane's Beaver Hill and Radio Hill pilot wells. This was the first such operation in the State of Oregon and in the Pacific Northwest region of the U.S. This program brought together talented personnel and equipment from both Canada and the western US oil and gas industry. Specifically the completion program included the following:
1) Beaver Hill #3 -- injected 175,000 SCF of N2 through casing into a 4 foot perforated interval in the Lower Coaledo "D" coal. Breakdown in the formation was achieved.
2) Beaver Hill #5 - injected 380,000 SCF of N2 through casing into a 4 foot perforated interval in the Lower Coaledo "D" coal. Breakdown in the formation was achieved.
3) Radio Hill #1 -- injected 1,020,000 SCF of N2 into 10 separate Lower Coaledo coal seams of varying thickness via a coiled tubing unit. Breakdown in the various formations was achieved.
4) Beaver Hill #2 -- injected 324,000 SCF of N2 into 4 separate Lower Coaledo coal seams of varying thickness via a coiled tubing unit. Breakdown in the various formations was achieved.
The stimulation results are currently being analyzed with the assistance of Coal Gas Technologies of Calgary, Alberta. Flow-back and swabbing operations are expected to continue through the balance of March.
Torrent President and Chief Executive Officer, John Carlson, states, "We have successfully completed 16 separate N2 stimulations on our Coos County project. We continue to gather a wealth of new and useful data thereby advancing our understanding of the various Coos County coal formations. Following a comprehensive evaluation of this data, the next phase in our testing program will be to connect the wells to production test facilities currently on location, pump any formation water and test potential gas rates and flowing pressures."
More due diligence will be up this weekend.
The company has finished its drilling phase and now started to perform testing on what they have in the ground. In the next 2 months there should be significant news on the horizon about the results of those wells. If history repeats itself there should be some nice upside potential if everything works out just fine.
See the chart:
Insiders have been buying in the last 3 months. Total shares outstanding 25 million. For more information see http://www.torrentenergy.com/s/Home.asp
Key Person in this company and his involvement with Pennaco Energy in the write up this weekend.
George L. Hampton III, MSc. – Geology Director of Torrent Energy Corporation
George was appointed as Director in July, 2004. He is a highly respected professional in the coalbed methane ("CBM") industry. Since 1980, George has been extensively involved with the evaluation and exploration of multiple CBM projects with companies such as Amoco, TEC Resources, Pennaco Energy and JM Huber, primarily in the United States. Since 1986, he has also been active through Hampton & Associates in managing CBM projects, supervising drilling of CBM wells, conducting feasibility studies, and generating CBM prospects.
George is a qualified geologist with a Bachelor of Science -- Geology from Brigham Young University in 1977 and a Masters of Science - Geology from Brigham Young University in 1979.
Latest PR
Torrent Energy Provides Update On Nitrogen Stimulation Program At Pilot Projects
Vancouver, British Columbia -- March 16 2006 -- Torrent Energy Corporation (the "Company") (OTCBB: TREN) is pleased to announce the following development from its wholly owned operating subsidiary, Methane Energy Corp. ("Methane").
From March 9th, through March 12th, 2006, Halliburton Energy Services completed Nitrogen (N2) stimulation activities on a number of Methane's Beaver Hill and Radio Hill pilot wells. This was the first such operation in the State of Oregon and in the Pacific Northwest region of the U.S. This program brought together talented personnel and equipment from both Canada and the western US oil and gas industry. Specifically the completion program included the following:
1) Beaver Hill #3 -- injected 175,000 SCF of N2 through casing into a 4 foot perforated interval in the Lower Coaledo "D" coal. Breakdown in the formation was achieved.
2) Beaver Hill #5 - injected 380,000 SCF of N2 through casing into a 4 foot perforated interval in the Lower Coaledo "D" coal. Breakdown in the formation was achieved.
3) Radio Hill #1 -- injected 1,020,000 SCF of N2 into 10 separate Lower Coaledo coal seams of varying thickness via a coiled tubing unit. Breakdown in the various formations was achieved.
4) Beaver Hill #2 -- injected 324,000 SCF of N2 into 4 separate Lower Coaledo coal seams of varying thickness via a coiled tubing unit. Breakdown in the various formations was achieved.
The stimulation results are currently being analyzed with the assistance of Coal Gas Technologies of Calgary, Alberta. Flow-back and swabbing operations are expected to continue through the balance of March.
Torrent President and Chief Executive Officer, John Carlson, states, "We have successfully completed 16 separate N2 stimulations on our Coos County project. We continue to gather a wealth of new and useful data thereby advancing our understanding of the various Coos County coal formations. Following a comprehensive evaluation of this data, the next phase in our testing program will be to connect the wells to production test facilities currently on location, pump any formation water and test potential gas rates and flowing pressures."
More due diligence will be up this weekend.
When investing always start with an assumption that the stock market is dead wrong.
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