The Golden Lounge

[likwit]

WRNW - massive..

post from the WRNW board, sums it up pretty much...

WRNW- ST price target & Why:

PERSPECTIVE IS OUR GREATEST ASSET- BOTH PAST AND FUTURE:

04/12/07 WRNW PR: "...Well Renewal, Inc....today announced it has successfully completed the initial gas wells that have been drilled on the Birdsall lease and on the Ward lease in Northeastern Oklahoma...

"...Mr. David Rees...The open hole log on the Ward and Birdsall gas wells, that have already been drilled, show significant possibilities'...

"...As the continuing completion documentation becomes available, WRNW will continue to update the results. WRNW is pleased with the anticipated 150 MCF per day from the initial wells and will upon the completion of a minimum of 15 wells on the Birdsall and 5 additional wells on the Ward expect in the region of $2,000,000 in further annual revenues from these leases...."

CONTEXT:

From the 02/12/07 and 01/09/07 PR's we see that things are moving along as planned:

02/12/07 PR"...Will Gray, CEO of Well Renewal, stated, ``We are extremely excited and energized concerning the completion of the Birdsell 999-05 gas well. The weather delays have not lessened our enthusiasm for the revenue potential to be realized with the completion of this initial well on the Liston lease. Our geological and engineering staff has identified 14 additional drilling locations on the Liston lease. We anticipate including these new locations in our 2007 drilling and completion budget. Successful completion of the drilling and production of these new wells will significantly impact the revenues and cash flows for Well Renewal during 2007.'

1/09/07 PR:"...Mr. E. Will Gray, Chairman and CEO of Well Renewal commented on the initial completion process, ``The opportunity to drill an additional 14 wells on our Liston lease acreage has our entire team especially energized. The open hole log on the Birdsell 999-05 gas well, that has already been drilled, shows tremendous potential.' Mr. Gray continued, ``Northeastern Oklahoma is prolific with coal bed methane and several large independent Oil companies have recently staked their claim to this largely undeveloped Northeastern Oklahoma Shelf.'

"...As the documentation of the completion becomes available, WRNW will announce the results. WRNW is expecting 90-100 MCF per day per well, and will upon the completion of a minimum of 15 wells, expect approximately $3,000,000 in new annual revenues from this lease.

"...WRNW expects the completion of the Birdsell 999-05 well before the end of the month. WRNW also expects up to 40 bopd from this lease and would furthermore add approximately $800,000 to annual revenues in 2007."

THEREFORE, I WILL NOT BE SURPRISED TO SEE THESE TWO LEASES ADD $4 MILLION IN YEARLY REVENUES BEFORE WE MOVE ON TO THE NEXT PROJECTS!!!

AND GUESS WHAT, $4 MILLION DIVIDED BY 500,000,000 O/S SHARES EQUALS .008. HEY, THAT IS FRIDAY'S CLOSING PRICE. Actually, the O/S is reportedly lower, 450,000,000.

BUT A GROWTH MULTIPLE OF up to 10 IS APPROPRIATE. SO MY ST TARGET IS EIGHT CENTS PER SHARE WITHOUT KNOWING WHAT SURPRISES DAVID REES HAS IN STORE...LIKE FINAL ACQUISITION OF THAT PERTOCHEMICAL COMPANY AND ITS FUTURE YEARLY PROFITS: $4 MILLION? (ON $10,000,000 ANNUAL REVENUES)

http://biz.yahoo.com/pz/061219/110782.html?printer=1

IF THAT HAPPENS, THIS WEEK, THEN MY ST TARGET DOUBLES AND IS SIXTEEN CENTS PER SHARE. IF IT IS SOME OTHER ASSET ACQUIRED, THEN THE TARGET WOULD BE LESS, DEPENDING ON THE REVENUES TO BE EARNED BY THAT ASSET. BUT DO NOT FORGET THE "ROGERS" LEASE-THE NEXT PROJECT ALREADY UNDER WRNW LEASE- WITH 119 WELL HEADS AND THE POTENTIAL OF ANOTHER $2,000,000 IN ANNUAL REVENUES TO ADD TO A SMALLER ASSET ACQUIRED THAN ESP.

This is not pumper fantasy. This is the reality of Crude Oil and Natural Gas plus supply and demand. Let's see what happens next week. GLTA longs in WRNW!











Posted by: Waverider110
In reply to: None Date:4/16/2007 8:57:20 AM
Post #of 5361

WRNW- ST price target & Why:

PERSPECTIVE IS OUR GREATEST ASSET- BOTH PAST AND FUTURE:

04/12/07 WRNW PR: "...Well Renewal, Inc....today announced it has successfully completed the initial gas wells that have been drilled on the Birdsall lease and on the Ward lease in Northeastern Oklahoma...

"...Mr. David Rees...The open hole log on the Ward and Birdsall gas wells, that have already been drilled, show significant possibilities'...

"...As the continuing completion documentation becomes available, WRNW will continue to update the results. WRNW is pleased with the anticipated 150 MCF per day from the initial wells and will upon the completion of a minimum of 15 wells on the Birdsall and 5 additional wells on the Ward expect in the region of $2,000,000 in further annual revenues from these leases...."

CONTEXT:

From the 02/12/07 and 01/09/07 PR's we see that things are moving along as planned:

02/12/07 PR"...Will Gray, CEO of Well Renewal, stated, ``We are extremely excited and energized concerning the completion of the Birdsell 999-05 gas well. The weather delays have not lessened our enthusiasm for the revenue potential to be realized with the completion of this initial well on the Liston lease. Our geological and engineering staff has identified 14 additional drilling locations on the Liston lease. We anticipate including these new locations in our 2007 drilling and completion budget. Successful completion of the drilling and production of these new wells will significantly impact the revenues and cash flows for Well Renewal during 2007.'

1/09/07 PR:"...Mr. E. Will Gray, Chairman and CEO of Well Renewal commented on the initial completion process, ``The opportunity to drill an additional 14 wells on our Liston lease acreage has our entire team especially energized. The open hole log on the Birdsell 999-05 gas well, that has already been drilled, shows tremendous potential.' Mr. Gray continued, ``Northeastern Oklahoma is prolific with coal bed methane and several large independent Oil companies have recently staked their claim to this largely undeveloped Northeastern Oklahoma Shelf.'

"...As the documentation of the completion becomes available, WRNW will announce the results. WRNW is expecting 90-100 MCF per day per well, and will upon the completion of a minimum of 15 wells, expect approximately $3,000,000 in new annual revenues from this lease.

"...WRNW expects the completion of the Birdsell 999-05 well before the end of the month. WRNW also expects up to 40 bopd from this lease and would furthermore add approximately $800,000 to annual revenues in 2007."

THEREFORE, I WILL NOT BE SURPRISED TO SEE THESE TWO LEASES ADD $4 MILLION IN YEARLY REVENUES BEFORE WE MOVE ON TO THE NEXT PROJECTS!!!

AND GUESS WHAT, $4 MILLION DIVIDED BY 500,000,000 O/S SHARES EQUALS .008. HEY, THAT IS FRIDAY'S CLOSING PRICE. Actually, the O/S is reportedly lower, 450,000,000.

BUT A GROWTH MULTIPLE OF up to 10 IS APPROPRIATE. SO MY ST TARGET IS EIGHT CENTS PER SHARE WITHOUT KNOWING WHAT SURPRISES DAVID REES HAS IN STORE...LIKE FINAL ACQUISITION OF THAT PERTOCHEMICAL COMPANY AND ITS FUTURE YEARLY PROFITS: $4 MILLION? (ON $10,000,000 ANNUAL REVENUES)

http://biz.yahoo.com/pz/061219/110782.html?printer=1

IF THAT HAPPENS, THIS WEEK, THEN MY ST TARGET DOUBLES AND IS SIXTEEN CENTS PER SHARE. IF IT IS SOME OTHER ASSET ACQUIRED, THEN THE TARGET WOULD BE LESS, DEPENDING ON THE REVENUES TO BE EARNED BY THAT ASSET. BUT DO NOT FORGET THE "ROGERS" LEASE-THE NEXT PROJECT ALREADY UNDER WRNW LEASE- WITH 119 WELL HEADS AND THE POTENTIAL OF ANOTHER $2,000,000 IN ANNUAL REVENUES TO ADD TO A SMALLER ASSET ACQUIRED THAN ESP.

This is not pumper fantasy. This is the reality of Crude Oil and Natural Gas plus supply and demand. Let's see what happens next week. GLTA longs in WRNW!