I have noticed that press releases from TIRR, an oil & gas company that I follow, have been removed from Yahoo and other sites. FYI I am pasting them in below for reference. IMO there is an internal struggle that is holding this stock back.
Their news was good all spring and then it dried up. The PR's below were available until recently, but they should remain available to those who have an interest in TIRR. If you do read them, remember that crude and natural gas are up substantially since April & May.
My last response from T/A shows:
A/S: 100,000,000
Restricted: 37,188,024
Regular shrs: 22,189,305
Trading action IMO reflects low float.
Web site is: tradestar-corp.com
If you have an interest in TIRR, go to their website and ask their IR to reinstate this recent history.
By PR Newswire Last Update: 6/16/2005 6:20:35 AM Data provided by Market Watch
HOT SPRINGS, Ark., June 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (TIRR) today announces that it has begun due-diligence review of acreage in Erath, Palo Pinto and Parker counties with Barnett Shale production. There are 12 wells on the property to be reentered and recompleted in the Barnett Shale formation. Estimated reserves for the project are 18 billion cubic feet of natural gas, with daily production estimated at 12 million cubic feet per day. Tradestar estimates the cost to recomplete the 12 wells at US$3,000,000. At current natural gas prices, 12 million mcf per day would yield approximately US$63,000 a day, and more than US$22 million annually to Tradestar.
Tradestar CEO Tom Feimster stated, "If you've followed Tradestar for any time at all, by now it must be obvious that we're going to play in the Barnett Shale in a big, big way. This particular acquisition, which is being scrutinized by independent petroleum engineers right now, would solidify our position within the industry on a global scale. In addition, if you look at the math of what we've done and are continuing to do, you'll quickly realize that the projects Tradestar is engaging in yield 100% returns in less than six months time. That's pretty fair, by any measure of success."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corporation, as is normal in its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
SOURCE Tradestar Corporation
Tradestar Corporation Finalizes Acquisition of Schuessler Project
By PR Newswire Last Update: 6/9/2005 7:27:04 AM Data provided by Market Watch HOT SPRINGS, Ark., June 9, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (TIRR) today announces that it has finalized the acquisition of its Schuessler project, a joint venture with United Production and Exploration of Houston, Texas to reenter and drill a Schuessler gas well and prospect in Erath County, Texas. This marks the second such joint venture between the companies in Erath County, Texas. The objective formation of the 80 acre prospect is the Barnett Shale formation. Estimated reserves are 0.75 billion cubic feet of natural gas, with daily production estimated at 750,000 metric cubic feet. At current natural gas prices, the project should yield revenues of approximately $3,650.00 daily and $1,332,250.00 annually to Tradestar.
Tradestar CEO Tom Feimster stated, "We have an outstanding relationship with UPE, and both companies are committed to production in the Barnett Shale, which will be a focus formation for Tradestar for the foreseeable future. The opportunity to make a well is just too great to pass up."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com.
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corp., as usual to its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
SOURCE Tradestar Corporation
Tradestar Corporation Announces Commencement of Parker County Project
By PR Newswire Last Update: 4/21/2005 9:18:16 AM Data provided by Market Watch
HOT SPRINGS, Ark., April 21, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (OTC Pink Sheets: TIRR) today announces the commencement of its Parker County, Texas recompletion project. The Parker #3 Gas well will produce from the Barnett Shale formation. The recompletion project encompasses the installation of a water disposal system which will significantly cut monthly overhead expenses and, upon completion, daily gas production will be increased 100,000 cubic feet, yielding a $15,000 per month increase in cash flows.
Tradestar CEO Tom Feimster stated, "The Parker County project is another of our low risk, high return prospects which falls directly in line with our stated objective of investing only in existing wells with proven production so that our risk is not 'if' we will recover oil or natural gas, but 'how quickly' we will recover it, and thus recoup our initial investment. This is another one of those 'can't miss' opportunities."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com .
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corp., as usual to its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
SOURCE Tradestar Corporation
Tradestar Corporation Announces Karnes County Sales Results
By PR Newswire Last Update: 4/11/2005 9:43:51 AM Data provided by Market Watch
HOT SPRINGS, Ark., April 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (OTC Pink Sheets: TIRR) today announces production and sales results from its Karnes County field. Initially recompleted in early February 2005, the 4 well oil field has consistently outperformed initial expectations of 30 barrels of oil per day, or 600 barrels of oil per month. For the month of February, Tradestar produced and sold 1,241.90 barrels of oil at an average price of US$44.90, netting the company US$55,761.31. For the month of March, Tradestar produced and sold 1,034.48 barrels of oil at an average price of US$50, netting the company US$51,724.00. Tradestar also notes that March sales would have been higher had the field not been down for almost 3 days due to power failure caused by a severe thunderstorm at the end of the month.
Tradestar CEO Tom Feimster stated, "Our policy is, and always will be, to invest only in existing wells with proven production so that our risk is not 'if' we will recover oil or natural gas, but 'how quickly' we will recover it, and thus recoup our initial investment. We executed that strategy perfectly in Karnes County, recouping our total investment in just under 3 months."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com .
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corp., as usual to its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
SOURCE Tradestar Corporation
Tradestar Corporation to Acquire Additional Barnett Shale Acreage
By PR Newswire Last Update: 4/5/2005 9:55:42 AM Data provided by Market Watch
HOT SPRINGS, Ark., April 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (OTC Pink Sheets: TIRR) today announced the company has entered into negotiations to purchase an additional 204.36 acres with Barnett Shale potential in Erath County, Texas. The leases are on strike and in trend with Tradestar Corporation's Schussler and Binion Parker Prospects. Two new horizontal wells could be drilled on the property with expected reserves of 4 bcf per well and daily production of 1,000 mcf.
The acquisition continues the company's strategic positioning in the Barnett Shale area of North Central Texas. Of the property, Tradestar CEO Tom Feimster stated, "If you've been following Tradestar for the past year, this acquisition will come as no surprise. As I've stated before, Tradestar is committed to producing the Barnett Shale in a big, big way. This property only serves to strengthen that resolve." Feimster continued, "Tradestar is and will continue to be a 'no-to-low-risk' player in the oil and gas market, and the Barnett Shale is one of those rare 'can't miss' formations. Once again, the risk is not 'if' we will see a return on our investment, but rather 'how quickly' we see it."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com .
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corp., as usual to its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
SOURCE Tradestar Corporation
Tradestar Corporation to Begin Schussler Project
By PR Newswire Last Update: 3/17/2005 9:59:51 AM Data provided by Market Watch
HOT SPRINGS, Ark., March 17, 2005 /PRNewswire-FirstCall via COMTEX/ -- On February 8, 2005, Tradestar Corporation (OTC Pink Sheets: TIRR) announced a joint venture agreement with United Production and Exploration of Houston, Texas to reenter and drill a Schussler gas well and prospect in Erath County, Texas. Tradestar today announces the finalization of plans to begin work on the Schussler gas well reentry. Tradestar anticipates completion of the reentry work will take one to two months. Upon completion Tradestar expects the well to produce at least 600 mcf per day.
Tradestar CEO Tom Feimster stated, "We are very excited about getting this project underway. The Schussler presents an outstanding opportunity for Tradestar, and will have a direct positive impact on our cash flows once completed."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com .
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corp., as usual to its industry, are subject to many risks both calculable and incalculable. Included in these risks are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
By PR Newswire Last Update: 3/2/2005 3:15:02 PM Data provided by Market Watch
HOT SPRINGS, Ark., March 2, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (OTC Pink Sheets: TIRR) today announces the company is conducting due diligence on 7 new reentry projects in Erath County, Texas that have been identified and are under option. The reentries will target the Barnett Shale formation. Tradestar engineers believe the 7 wells should average 750,000 mcf per well in reserves and should produce 500-750 mcf per day, per well. These 7 prospects are in close proximity to other Tradestar acreage and wells, including the Binion Parker and Schussler wells and will potentially add 5.25 bcf in reserves to the company's existing Barnett Shale inventory.
Tradestar CEO Tom Feimster stated, "We remain committed to producing the Barnett Shale in a big way. To that end, we will continue to review potential wells in the formation, and will acquire those wells that give us the biggest bang for our buck. These 7 wells look like they could be real winners."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corporation, as is normal in its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
By PR Newswire Last Update: 2/25/2005 9:09:54 AM Data provided by Market Watch
HOT SPRINGS, Ark., Feb 25, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (OTC Pink Sheets: TIRR) today announces the company has acquired an option to purchase 1,008 acres in Erath County, Texas with the Barnett Shale formation. The acreage has 2 existing wells that can be horizontally re-entered and an additional 9 new horizontal well locations. Reserves are estimated at 2-4 bcf per well, with daily production estimated at 1,500 mcf per day, per well. If acquired, this field would give Tradestar a total of 15 Barnett Shale locations in Parker and Erath counties. Tradestar expects due diligence to be completed in 3-4 weeks.
Tradestar CEO, Tom Feimster stated, "This is one of those 'once-in-a- lifetime' opportunities. Tradestar is committed to producing the Barnett Shale in a big, big way. This acquisition would put Tradestar in an elite class of producers, the big leagues if you will."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corp., as usual to its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
SOURCE Tradestar Corporation
Tradestar Corporation Announces First Oil Sales From Karnes County Project
By PR Newswire Last Update: 2/22/2005 9:52:58 AM Data provided by Market Watch
HOT SPRINGS, Ark., Feb 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (OTC Pink Sheets: TIRR) today announces the first sales of oil from its 4 well field in Karnes County, Texas. Since completing the rework project in early February, Tradestar has sold a total of 529 barrels of oil at $44 per barrel.
Initially expected to yield 30 barrels of oil per day, the Hysaw-Hobson prospect has exceeded company expectations by 30%. Tradestar acquired the field in September 2004 and began recompletion efforts in early January 2005. The field, which had not produced more than 8 barrels of oil per day since 1997, is now producing 38-40 barrels of oil per day, and more than 1,200 barrels of oil per month.
Tradestar CEO Tom Feimster stated, "This is a proven example of our strategy to acquire properties with production from shallow to medium depths which offer lower geologic and mechanical risk by use of improved operating practices and by aggressively developing reserve potential. Our policy is, and always will be, to invest only in existing wells with proven production so that our risk is not 'if' we will recover oil or natural gas, but 'how quickly' we will recover it, and thus recoup our initial investment. We executed that strategy perfectly in Karnes County."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com .
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corp., as usual to its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
SOURCE Tradestar Corporation
Tradestar Corporation Announces Schussler Project
By PR Newswire Last Update: 2/8/2005 11:28:57 AM Data provided by Market Watch
HOT SPRINGS, Ark., Feb 08, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tradestar Corporation (OTC Pink Sheets: TIRR) today announces that it has entered into a joint venture agreement with United Production and Exploration of Houston, Texas to reenter and drill a Schussler gas well and prospect in Erath County, Texas. This marks the second such joint venture between the companies in Erath County, Texas. The objective formation of the 80 acre prospect is the Barnett Shale formation. Estimated reserves are 750,000 mcf with daily production estimated at 750 mcf.
Tradestar CEO Tom Feimster stated, "We have an outstanding relationship with UPE, and both companies are committed to production in the Barnett Shale, which will be a focus formation for Tradestar for the foreseeable future. The opportunity to make a well is just too great to pass up."
About Tradestar Corporation
Tradestar Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas of the United States. The company was incorporated in the State of Oklahoma in 1982. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and natural gas company by investing in only proven producing wells. The company's web site is http://www.tradestar-corp.com .
Forward-Looking Statements
The information herein includes forward-looking statements based on assumptions that may prove not to have been accurate. The business activities of Tradestar Corp., as usual to its industry, are subject to many risks both calculable and incalculable. Included in these risk are oil and gas prices, the need to develop replacement reserve, the reliability of reserve estimates, and the feasibility of extracting reserves, environmental risk, drilling and operating risk, and the ability of the Company to implement its business strategy.
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