I don't follow Galloway but I do follow the pink sheet shell game the Crockett County Texas gas play they are now pumping has become. Northern Exp came to my attention and I ran across Galloway while reading up on them. I'll paste in a post I made on the I-Hub NXPN board.
But first, here's an little note about how O&G savvy Galloway is.
In one of their PRs they stated that the Crockett Co play was targeting the Barnett Shale formation. For the past 4 or so years the Barnett Shale has been a very hot gas play. It's also been the buzz word for many O&G scams. Here's the rub. The Barnett Shale formation runs from the Dallas/Ft. Worth area, westward toward Lubbock / Amarillo. Crockett Co is about 200 miles south of the formation. Check Wickapea. It lists the 17 Texas counties in which the Barett is found. Following is my Northern post. ------------------------------------------------------------- I'm posting here because Northern is now PRing the Ozona property they recently acqired. As I've said, I know little about Northern ,but I think it is important that their investors and potential investors know who Northern is dealing with.
Jim Dial, former CEO of Grifco International is the King of the Adams Ranch scam. He hurt me and many others. I'm dedicated to hounding him and anything he has an interest in.
The property they are PRing is almost surely the Adams Ranch property in Crockett Co. That property has benn through the hands of at least 6 stock scams in less then 3 years. Millions of shares of the 6 companies have been sold on the back of Adams Ranch. Wells have actually drilled and gas produced. Not a penny to retail shareholders.
The fortunate thing about dealing with oil & gas companies in Texas is that there is excellent DD available to anyone that can dial a phone.
I advise those interessted in Northern to do the following.
1. Call Northern and ask If the property is the Adams Ranch. Ask who they have contracted with to produce the wells. Grifco used Remuda Production. As far as I know, a reputible company. Ask for the well numbers they are producing, drilling and have permits for. With the well and permit numbers you can call the Railroad Comission of Texas and get factual information.
If Northern is following Dial's play book, they will dodge your questions or obfuscate. Dial did not want shareholders caling the RRC. He hated independent DD. He actually passed the word that the RRC was threatening to pull all of Grifco's permits if GFCI shareholders continued to "bother" them. A flat out lie.
2. Call the RRC. They are very courteous and will answer questions when given proper ID of wells and permits. That is part of their job and they do it cheerfully.
Crockett Co. is in District 7C - San Angelo, TX. 325-657-7450. The District Manager is Don Horner. If he doesn't answer the phone, the person that does will direct you to the information you are wanting. They can tell you the date a well was spudded, when it was completed, when it was put into production and regular production information.
If Northern is on the up and up, they shouldn't hesitate to give you the info you are asking for. GLTY.