03/22/2012 8:00a Brenham Oil & Gas Corp. Receives and Accepts a Letter of Award for a 15% Participating Interest in Four Blocks in West Africa
Brenham Oil & Gas Corp., (OTCBB:BRHM) ("Brenham"), a subsidiary of American International Industries, Inc., (OTCBB:AMIN) ("American"), announced that it received and accepted a letter of award from the Government of Equatorial Guinea in West A…GlobeNewswire
03/14/2012 12:50p Brenham Oil & Gas Corp. Update on Activities
Brenham Oil & Gas Corp., (OTCBB:BRHM) ("Brenham"), a subsidiary of American International Industries, Inc., (OTCBB:AMIN) ("American"), announced certain updates in respect of its activities.
A .10c+ move with 40k volume would present a serious move
BRHM Security Details Share Structure Market Value1 $8,833,730 a/o Jun 08, 2012 Shares Outstanding 110,421,621 a/o May 15, 2012 Float Not Available Authorized Shares 200,000,000 a/o Mar 31, 2011 52-Wk Range .01 - 1.00
a .10c move tomorrow with over 40k volume? hmmmm
You don't hover around .05cents for a year, then move up on the 8th to .08/.09, then sustain .09 today on heavy-volume... plus not having news since March accelerates the probability here for an oil play.
+++++
Brenham Oil & Gas Corp. Receives and Accepts a Letter of Award for a 15% Participating Interest in Four Blocks in West Africa 8:00a ET March 22, 2012 (GlobeNewswire)
Brenham Oil & Gas Corp., (OTCBB:BRHM) ("Brenham"), a subsidiary of American International Industries, Inc., (OTCBB:AMIN) ("American"), announced that it received and accepted a letter of award from the Government of Equatorial Guinea in West Africa for a 15% participating interest in four offshore exploration blocks. This area of Equatorial Guinea's waters was highlighted last year by Brenham's exploration geologist, Rog Hardy, as part of the Company's ongoing review of seismic and well data in Sub-Saharan Africa.
Mr. Hardy, Brenham's Vice President, stated, "These four blocks are in between and along geologic trend with a large producing oil and gas field complex with peak production of more than 80,000 barrels of oil per day and an undeveloped oil discovery. The blocks awarded to Brenham total more than 500,000 acres. We are very excited about the exploration potential of these blocks."
Even at 50k barrels a day, $81bl, that's about $4mil / 15% interest, expenditures, etc.
Just thinking out loud on on a number of interesting data pieces.
Again, my thoughts are .10c on the ASK moving quickly to the BID? 'tasty'
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