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Announcement by Vision Energy Group: Negotiations Completed on Low BTU Gas Property in Central Valley, CA Friday September 1, 1:37 am ET
LOS ANGELES--(BUSINESS WIRE)--Aug. 31, 2006--Pursuant to an agreement of July 2005 between Vision Energy Group (Pink Sheets:VGYI - News) and Valley Production Inc., the seasoned Oil & Gas Production Group from Bakersfield, CA, Vision Energy Group has concluded negotiations to jointly process low quality natural gas from two existing wells. A recent third party analysis of these wells gave a remaining reserve in the three production zones of almost 4 billion cubic feet of gas. This will give the project a production life of 10 years at the modest production rate of one million cubic feet per day. Further reserves of gas are anticipated in the surrounding leases after a geophysics and drilling program have been completed.
The gas, which will be upgraded using Vision Energy Group's proprietary technology and know-how, will be sold as premium grade gas into the statewide pipeline grid. The estimated capital cost of the project is $2.0 million and will be targeted to be in production within seven months.
Valley Production has among its principals and technical staff such notables of the industry as Jeff Smith and Ed LeLousis of Bakersfield, Calif. This production-oriented team will steer Vision Energy Group, Inc. into the selection of other suitable projects in the San Joaquin Valley, manage and operate the properties and share in the cash benefits on a structured incentive plan.
Vision Energy Group, Inc. will benefit from owning such projects directly or indirectly and by employing their proprietary technology to either liquefy or clean up stranded and/or flared gas from properties that can be acquired at costs below the normal market price. Vision Energy Group, Inc. is aware that significant reserves of low BTU gas exist in the San Joaquin Valley that can be processed into high quality gas by their systems and readily sold into the pipeline grid.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact: Vision Energy Group, Inc. Matt Wyrick, 310-821-2244
-------------------------------------------------------------------------------- Source: Vision Energy Group, Inc.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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22mil o/s, 1mil float, around 700k tradeable
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
Friday close $1.40, up 32%. Expecting much more as we see follow up news on this project and information on additional projects.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
closed down some today on just over 10k volume. seen interest gaining around the boards. on watch for news and volume.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
At just $5 per 1,000 cubic feet of gas (currently over $6 http://www.eia.doe.gov/oil_gas/natural_gas/info_glance/natural_gas.html ), that's $5,000/day. that's over $1.3mil in a year ($1.8mil if they run during weekends/holidays) or expected $10mil over 10 year project life, leaving $8mil in revenue after the $2mil in capital costs (substracting any overhead expenses)
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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oops, seems i miscalculated the 10 year numbers... $13mil or $18mil, leaving anywhere from $11mil to $16mil in revenue after the $2mil capital costs to fund the project.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
bids come up, get whacked and someone fills on the sells... 2nd day in a row we see this, someone accumulating, indicating news soon imo.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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first time i posted this stock, was .80 (pre split pricing), ran over $4.. then 2:1 forward split. i think it's ready again for the next leg up. imo
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
quiet day on the front no sellers under $1.30 today, maybe tomorrow.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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what a rollercoaster day... shake baby shake... already back up, primed for a move up imo.
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talk about coming back down... loading up here
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posted
another fun filled monday, and with news to boot
Vision Energy Group, Inc. Prepares to Purchase Biodiesel Production Unit Monday September 25, 2:34 pm ET
LOS ANGELES--(BUSINESS WIRE)--Vision Energy Group, Inc. (Pink Sheets:VGYI - News) prepares to purchase biodiesel production unit in Mississippi.
Vision Energy Group, Inc. advises they have retained a leading industry exponent to inspect this biodiesel production facility which has a capacity of 60,000 gallons per day.
The plant has been producing only 20,000 gallons per day but can be increased by applying an increase in working capital.
Subject to their Consultant's final report being favorable, Vision Energy Group plans to make an offer to purchase and take over this operation as soon as possible.
Investigations carried out over the past six weeks have given positive indications overall.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact: Vision Energy Group, Inc. Russell Smith, 310-821-2244
-------------------------------------------------------------------------------- Source: Vision Energy Group, Inc.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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no sellers under $1.30 today, maybe tomorrow.
