Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » .11 and Up! » **ABBY** Big bounce tomorrow

 - UBBFriend: Email this page to someone!    
Author Topic: **ABBY** Big bounce tomorrow
Marketmonster1
Member


Rate Member
Icon 14 posted      Profile for Marketmonster1     Send New Private Message       Edit/Delete Post   Reply With Quote 
ABBY- Big promo tomm. Came from .70 to .15. Should be easy double as its' within a mega bounce range.

The website for Abby, Inc. is: www.abbyenergy.com There is a fact sheet on the upper right corner of the home page. Additional information about our Nebraska property can be found at: http://abbyenergy.com/properties/richardson-county-nebraska-project/

Key points about Abby’s Nebraska oil field;

1. The company optioned the entire field; The property contains three sandstone pay zones, which are the same pay zones found on the Dawson oil field just two miles to the North and the McClain field a few miles to the South. The fault zones on the east and west edge of the field run north and south through Dawson and McClain fields. Only the highest paying sandstone zone, the St. Peter is as thick as 150 feet on Abby’s State Line Field. Far more than is found on the other two fields, which have pumped a combined total of more-than 5.5 million barrels. This makes the State Line Field potentially the highest recovery rate of the three fields.

2. The State Line Field (Abby’s) is 2100 acres, or six parcels and no other oil company can access its rich pay zones because Abby tied up the entire field. The field has a capacity for 30 oil wells, once fully developed. Plans call for two initial wells to be drilled in late January. Thereafter, Abby will be building out a total of 10 oil wells through equity financing.

3. Abby expects to recoup its costs for the initial 10 wells within 8 months. Thereafter, the remaining wells will be built out from cash flow. Abby believes that it will take an additional 11 months to build out the State Line field to 30 producing oil wells.

4. Prices paid (at the well head) are averaging $74 per barrel.

5. Each well costs approximately $500,000 to drill and complete. Abby is participating for 75% of the well production. Once Abby recovers its capital its ownership drops to 56.25%, still a majority owner.


Shares of Abby are trading near their historical low and hold the potential for substantial gain as news is released relating to its drilling schedule. An investing banking agreement is expected to be announced shortly. The funds are to be applied towards drilling the State Line Field.

Posts: 52 | From: CT | Registered: Jan 2009  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2013 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share