This is topic FDEG.PK Just started drilling for oil !!!!!!!!! in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Expect this oil play to run as they just started drilling for oil 2 days ago!!! Expect financial news and the drilling news any day now.
Oh and it has a super low float to boot meaning a run back to .22 or higher is most likely coming !!!!!
CARSON CITY, Nev., April 20, 2006 (PRIMEZONE) -- Friendly Energy Corp. (Other OTC:FDEG.PK - News) announces a Corporate update regarding the joint venture drill date and other matters. ADVERTISEMENT
The Company's joint venture partner reports that the anticipated drill date of May 3, 2006 is intact and the drill rig arrival is expected as planned.
The company previously reported that through its joint venture partner it has acquired a 50% working interest, with a 44% net revenue interest for the development of the Asher Prospect, in error. The Company has acquired 50% working interest and a 37% net revenue interest.
The Company reports that it continues to complete the required filings to bring the company current under its reporting obligations. It is anticipated that the auditor will have completed the audits and all filings will be filed by May 1, 2006.
``We are pleased that the drill rig is on schedule and drilling will begin as planned,'' states company President Douglas Tallant. ``With the current price of oil reaching a high of over $74.00 per barrel recently, the company is poised to capitalize significantly through the development of these prospects. We anticipate that upon completion of drilling, both the joint venture prospect and the Peach Creek West prospect, the company will have a significantly higher market valuation than the current share price reflects.''
The company continues to lease additional surrounding acreage in the area for further exploratory development.
Friendly Energy is a development stage company in the Oil and Gas Exploration Industry.
Posted by Rules on :
At .092 now........watch it!!!
Posted by Rules on :
This says it all:
"We anticipate that upon completion of drilling, both the joint venture prospect and the Peach Creek West prospect, the company will have a significantly higher market valuation than the current share price reflects."
Posted by Double Diamond on :
I'm in
Posted by Rules on :
If you look at the chart, it has been accumulating right here for the past month. No where to go but up in my opinion. I like it for several reasons:
1) This stock is unknown.
2) It is a oil play.
3) Just started drilling for oil on May 3rd!!!
4) News expected on both financial and of the drilling.
5) Super low float!
6) Ran heavy to .22 when they stated they are going into a joint venture for OIL!!!
Posted by Double Diamond on :
Going to .095!!! Ground floor before this one takes off!!!!!!!!!
Posted by Repoman75 on :
Are you 2 boys in cahoots on this one?? Be honest.
Posted by Rules on :
quote:Originally posted by Repoman75: Are you 2 boys in cahoots on this one?? Be honest.
Neagative Ghost Rider, take a look at the news from a few weeks ago. I stumbled upon this one searching for a good oil play. Everything is coming together, the price, volume, float, and upcoming anticipated news. Drilling just started on May 3rd. Enjoy!
Posted by Double Diamond on :
Repo,
No !
What do you think about this one ?
Posted by Stockguru06 on :
if i would know there was a pr coming soon i would buy :=)
Posted by Rules on :
To view the StockGuru.com Profile for Friendly Energy Corporation , please visit: http://www.stockguru.com/profiles/fdeg/ Friendly Energy Corporation, (FDEG) a growth oriented oil exploration and development company, is poised to take advantage of the current market pricing in the oil and gas industry that have created new opportunities to bring online proven undeveloped reserves, with very little downside risk to the company.
Posted by Schwabie on :
me too :-D
Posted by blackpearlbenz on :
i tell you what boys. im going to be in south lake tahoe this weekend and carson city is just a few miles away. get me an address so i can go verify drilling and i will post the pics on my website.
Posted by Double Diamond on :
Other thread about this one.
Posted by blackpearlbenz on :
i tell you what boys. im going to be in south lake tahoe this weekend and carson city is just a few miles away. get me an address so i can go verify drilling and i will post the pics on my website.
Posted by Rules on :
quote:Originally posted by blackpearlbenz: i tell you what boys. im going to be in south lake tahoe this weekend and carson city is just a few miles away. get me an address so i can go verify drilling and i will post the pics on my website.
Sweet!!! Not sure of the exact address of the drilling site but I am sure they would be more than willing to give it to you.
Friendly Energy Douglas Tallant, President (702) 953-0411
Posted by Rules on :
Posted by Hawk from the other thread.
"Looks like they expect to drill for 14 days before they hit oil. Since nothing is on time with this company I'll give them 20 days. Either way there is a good chance for an oil strike PR around the 20th of May"
Posted by Repoman75 on :
Honestly? I have no idea... this is like the dot com of oil plays... most of these will fall to the wayside, like the bird flu plays in the winter...
I'm getting sick of oil plays to be honest. Waiting for hurricane season.
Posted by Double Diamond on :
quote:Originally posted by Repoman75: Honestly? I have no idea... this is like the dot com of oil plays... most of these will fall to the wayside, like the bird flu plays in the winter...
I'm getting sick of oil plays to be honest. Waiting for hurricane season.
LOL
Posted by Rules on :
I will not get sick of oil plays as they continue to make me MONEY. Between oil and gold, you have to stick with what is running hot and in demand.
Posted by hawkdriver on :
This is from the company's web site, which hasn't been updated in sometime, but it may help you determine a PR date.
The drilling depth to the primary target, the Wilcox pay zone, will be five thousand five hundred feet, (5500 Ft). It is anticipated that the time to drill will be fourteen days from spud, subject to any un-foreseen delays. As previously reported, further analysis has proven to show that the target dome structure is significantly larger than expected, the oil bearing structure analysis indicates a potential reserve up to one million barrels potential (1,000,000) BOE for the Peach Creek West prospect, which will support up to five development wells.
Posted by Repoman75 on :
Besides NDOL, oil plays played themselves out this week. PGPM was the climax, now it's all down hill. It's all frontrunning and pump and dumping now. No substance... I'm telling you, oil plays are over except for the select few that will rise to the top.
Posted by Rules on :
Oil is not over as prices continue to surge. For as long as prices continue to fly up and the demand for it increases, OIL will remain hot and will continue to be that way for some time.
Posted by Double Diamond on :
Repo,
You seem quiet depressed for a Friday ?
Posted by Repoman75 on :
Waiting for funds to clear... a good chunk of coin.... frustrating.
Posted by Rules on :
quote:Originally posted by hawkdriver: This is from the company's web site, which hasn't been updated in sometime, but it may help you determine a PR date.
The drilling depth to the primary target, the Wilcox pay zone, will be five thousand five hundred feet, (5500 Ft). It is anticipated that the time to drill will be fourteen days from spud, subject to any un-foreseen delays. As previously reported, further analysis has proven to show that the target dome structure is significantly larger than expected, the oil bearing structure analysis indicates a potential reserve up to one million barrels potential (1,000,000) BOE for the Peach Creek West prospect, which will support up to five development wells.
If that becomes a reality and they are any where near ONE MILLION barrels, then I would expect this stock to move over $1 per share just based on the value of today's oil.
Posted by blackpearlbenz on :
well im in for a few thousand. hopefully ill get a chance to check this place out during the weekend. i only live 60 miles away. is there someone out there that actually lives in stateline area?
Posted by Rules on :
I'm in for a few thousand as well. I like what I am seeing after doing the DD and charting this one out. The potential upside is what attracted me to buy here.
Posted by hawkdriver on :
I'm in but just a small position for now I want to see how it developes.
Posted by Rules on :
Btw: the last time this stock dipped under 9 cents, it instantly ran up to 12 cents and then continued to 13 cents. .09 is the bottom bounce! I am not going anywhere especially while the company is drilling for black tea.
Posted by trader_124 on :
blackpearlbenz what is ur website??
Posted by Rules on :
.095 close and 1/2 million shares traded so that is a nice base to go off of going into the next few weeks.
Posted by binnocent on :
Rules, I think you found a good one here. I did some real quick DD and jumped in. So lets see where next week takes us.
Posted by blackpearlbenz on :
i have a call into mr. tallant and hopefully i can get an address for the drill site. i would really like to see the site this weekend.
Posted by syracuseO on :
Only 1 problem guys !!
I have been looking at FDEG for the last few weeks from the StockGuru alert. Sounded very good, and, there is an interview with FDEG as well.
But....the alert says they will start drilling on OR AROUND May 3rd. The previous posts take it for granted that they have started drilling all ready. Maybe I am wrong, but after 2-3 weeks of silence and no PR's ( not even from Stock Guru ), how do we know they are drilling anything ?? Don't they make a PR when drilling starts ??
Another thing, the PR states that they are getting the drills and equipment to be sent to the site.....at the time of the PR, FDEQ had no drill or equipment yet....so.....maybe the delivery is late ??
At the time of the PR several weeks ago, the price was .11, now it is .095 with May 3rd come and gone.
To be honest, I don't think they started drilling yet.
Do your own DD, and, let's use a little logic before jumping the gun and creaming in our jeans on something that most likely did not happen yet.
To be honest, oil plays like NDOL and PGPM for the same PPS, and, FPPL and TNOG for pennies, are the real deal.....UNTIL there is some confirmation from FDEG.
Like I said, there is no news....silence.
My humble opinion, do your DD before investing.
Posted by Rules on :
quote:Originally posted by syracuseO: Only 1 problem guys !!
I have been looking at FDEG for the last few weeks from the StockGuru alert. Sounded very good, and, there is an interview with FDEG as well.
But....the alert says they will start drilling on OR AROUND May 3rd. The previous posts take it for granted that they have started drilling all ready. Maybe I am wrong, but after 2-3 weeks of silence and no PR's ( not even from Stock Guru ), how do we know they are drilling anything ?? Don't they make a PR when drilling starts ??
Another thing, the PR states that they are getting the drills and equipment to be sent to the site.....at the time of the PR, FDEQ had no drill or equipment yet....so.....maybe the delivery is late ??
At the time of the PR several weeks ago, the price was .11, now it is .095 with May 3rd come and gone.
To be honest, I don't think they started drilling yet.
Do your own DD, and, let's use a little logic before jumping the gun and creaming in our jeans on something that most likely did not happen yet.
To be honest, oil plays like NDOL and PGPM for the same PPS, and, FPPL and TNOG for pennies, are the real deal.....UNTIL there is some confirmation from FDEG.
Like I said, there is no news....silence.
My humble opinion, do your DD before investing.
Sounds like you have jumped to the conclusion that nothing is happening! Does NDOL put out a PR on every drill that has begun? Nope, and MVOG never did either other than to reiterate the progress. Also, if drilling hasn't commenced, then when is a better time to get on the stock, before or after the PR??? My humble opinion is that you need to do more DD and avoid investing in this stock as it is not for you my friend.
Posted by blackpearlbenz on :
Not sure if any of you have seen this article before in one of the local papers.
Officials of Las Vegas-based Friendly Energy Corp. have announced that through its joint venture partner, a drill rig is being negotiated for the Peach Creek West Prospect and could be made available to begin drilling within the next four weeks.
This would result in the development of both the Asher Prospect and the Peach Creek West Prospect simultaneously. The company has committed to a 50 percent working interest of the Asher Prospect on the western edge of the giant St. Louis oil field in Pottawatomie County, central Oklahoma. This commitment on behalf of the company is up to $375,000 dry hole costs.
I need to do more DD ? You can't even get your own information, you need to pump from "hawkdriver " ( previous emails ) .
Your nieve dribble about pumping this stock over the last 2 days ( 14 posts ! ). By gosh, your are occumpying every 2nd post with your pumping !!
getting back to REALITY.... I am INTERESTED in this stock, but, when I see the stock go from .01 ( Nov/05 ) to .19 ( Mar/06 ) based on the same hype that is currently being PR'd; then the stock dives to .09 because since Sept. 05 to April/06, all FDEG did was spew the same seismic this and sismic that, give their best guestimate, and, say they are in process of obtaining the drills....and nothing happens for 6 months !
Since the stock tanked to .09, FDEG decided they better so something fast or else they will visit penny (.01 ) land once again ! So they higher Stock Guru for marketing.
Now, anyone following Stock Guru, knows that he make repeated email alerts for all his stocks, over and over again. You know what ? He did FDEG only 1 time.....very unusual.
And no, NDOL may not put out a PR on every drill, but if you pay a marketing firm like Stock Guru to advertise your FIRST drilling....then i would say , yes, perhaps I DO expect there to be some PR about the confirmed drilling underway.
Again, as I said I am interested in FDEG...most likely way before it came into your headlights...but, to act like this is the next Microsoft or Amazon.com, and, sounding like you are wetting your pants over the last 14 posts....please !
Yes, a little DD is warranted. Go to Yahoo Finance and check out the last 6 months of PR's, and, you will find the same information being touted repeatedly...again, ever since the PPS started to tank 50% and swiftly moving lower.
If FDEG turns out to be big, GREAT ! I will get in when the PR comes out.....
And if you are so experienced with oil stocks "because I continue to make money"...well good for you...but, just because a stock comes along and is "into" oil and gas, is NO gaurantee that it is a winner. If you added up all the oil and gas stocks on the market, much less than half of them are going anywhere.
We will all be watching this week for FDEG, and, I sincerely DO hope that it has something to offer.
HYPE gets us nowhere fast, except whipsawed.
Oh, and by the way, it is odd that a supposed multi million $$ company like FDEG, has no website. Just a thought. A little odd.....
I also have to agree with you about the pumping. It is a little out of hand but everything I have posted as been my own DD that I am trying to gather on this company. Turns out the areas they are "drilling" in are no where near me, so there goes the idea of checking it out myself.
Posted by syracuseO on :
Hi blackpearl !
Thanks for the website.....on all the Yahoo PR's there was no website listed. That elliminates one of my concerns.
As mentioned, I am intersted in FDEG, and, have been.....just waiting for something more concrete and make sure that this isn't a farce.
With all the news regarding O&G plays these days, you must tread carefully.....not jump into a stock because they are planning to drill or because someone says so. There are many, many false companies out their, stating they are into oil and gas, and trying to make a buck off the very anxious investors.
Need to do as much DD as possible, and, that is why boards like Allstocks are invaluable for the small investor.....the sharing of information is crucial, and, together we all can make money.
Much appreciate the sharing of info, less the hype !
Posted by roiresearch on :
The problem with waiting for concrete facts is that you may end up buying at the peak once the PR hits vs. taking a position early, buying on the rumor and then selling on the news.
If the drill date was indeed May 3rd and the financials were submitted May 1st, this stock will probably spike again. Only 10 million in the float. A float like that on a .10 stock is ridiculous. Once the "we found oil" PR hits, you can bet this stock will be hard to buy until those who bought early start selling.
Posted by Double Diamond on :
Guys,
Let's stop the fighting here, pls.
I saw Roiresearchs thread some days ago. Did some DD on this (only chart reading + statement that they will or are drilling).
If they PR in the near future (doesn't care what as long as it's positve - example : drill has arrived or we put two holes in the ground LOL), it should let the PPS rise.
Why ? Low O/S and float + good news = buying pressure. Bear in mind that the current market value is only 1.3 million.
If you look at the chart :
RSI = below 50 MACD = slighly negative (red line crossed black + just under O) ADX = neutral
This stock has been going sideways since mid March. The volumes have been low.
The 200 AVG is at 0.07 and that looks to me to be the lowest this one could go.
Resistance is at 0.22. This stock has never gone higher.
I'll take my chances on this one and get out when it reaches 0.18-0.22.
Posted by hawkdriver on :
You have to go back quite a bit in the Yahoo PR's to find a web site on these guys, like last June I think. Syracuse you are correct they may not have started drilling yet. Since they haven't released a PR I expect they have not. I have been watching this company for about three weeks, and if there is one word to sum these guys up, the word would be LATE. They are late with everything, even their filings, but according to there last PR I am expecting drilling to start very soon, and it will be nice to own this one when that happens. I am not pumping this at all, I just expect a drilling PR before the price drops too much. I might be wrong, and I might lose money if I am, but the market being what it is right now, these crappy oil companies fly for no reason, like Dixon last week. This company has a decent shop at releasing a (profitable to me) PR sometime soon. Anyway this is just my opinion. It's all like playing Blackjack, I have 19, and the dealer has 18, what's next?
Posted by Rules on :
SyracuseO~ Hype?? As with any investing, you should always do your own DD. I don't think I have said that in this thread like I always do in all of my threads. I will chalk up your post towards me as you don't know me and where I stand on bogus stocks and bogus hype.
If I believe in a stock, that is because I have already done my own DD. I may not always post everything I find as I don't have that kind of time on certain days. Either way, if you purchase FDEG, don't blame me if it goes to zero. Likewise, if you don't purchase FDEG, don't blame me for why it went up and made hopefully everyone here money except you. Like others here, I am out to make us all money at no one's expense!!! If your post was asking me for more information and DD, I would have tried to provide you with whatever you needed to the best of my ability. However, your post came out warning all and then jumping to conclusions over this or that without any solid facts. It is okay to ask questions and gather more DD for us all to look at but don't be so quick to point the finger and make others like me the bad guy for bringing this stock to everyone's attention.
Posted by syracuseO on :
Hi Rules;
Enough said. You are correct, I don't know you or your past history.
Sometimes, I get nervous when I see a post that contains a lot of exclamation points (!!!!!). I realize we are all excited with any potential oil and gas play, with the market the way it is.
I value any advise, information, suggestions, etc that these boards at ALLstocks has to offer. With the sharing of info, we are all much better than going it alone.
Rules....I offer my sincere good luck to you, and, I will be watching FDEG ( as I have been for some time ) .
GLTA !
Posted by blackpearlbenz on :
does anyone have a level 2 on this right now?
Posted by Rules on :
StockTargets Inc.: Friendly Energy Corporation stock (Pink Sheets: FDEG) sees its investor targets increase following a recent analyst recommendation
By M2 Last Update: 5/8/2006 9:22:39 AM Data provided by
May 08, 2006 (M2 PRESSWIRE via COMTEX) -- Geneva, Switzerland, and Dover, Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past 2 days on Friendly Energy Corporation (Pink Sheets: FDEG), following a new recommendation.
Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by TTS Zurich http://www.ttszurich.com. Investors now forecast the stock rising to approximately US$ 0.29 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.255 recently.
Based upon their recommendation, the share price has recently moved from US$ 0.09 to US$ 0.10. The 12 months target by TTS Zurich for the stock is US$ 0.36. These different targets can be reviewed by clicking the following link: http://www.stocktargets.com/cgi-bin/ticker.pl?command=fdeg.pk. Targets indicators on stock are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Friendly Energy Corporation website is http://www.fdeg.biz.
Friendly Energy Corporation, a growth oriented oil exploration and development company, is poised to take advantage of the current market pricing in the oil and gas industry that have created new opportunities to bring online proven undeveloped reserves, with very little downside risk to the company.
About StockTargets, Inc.
StockTargets, Inc. (http://www.stocktargets.com) is an investment banking and investor relations firm. Its Web site records all participants' sentiment, expressed as targets by its users. The StockTargets system, by building an investor sentiment indicator, attempts to gather and determine an measurement of all entries of users. The user's consensus target can be compared to targets provided by professionals, such as brokerage firms, analysts or fund managers. StockTargets Inc. was founded in 2005.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks mentioned in this text are properties of their respective owners.
CONTACT: Sean Kelly, StockTargets Inc. Tel: +41 22 700 7648
Posted by blackpearlbenz on :
maybe we will see a little of the NDOL dump money head our way.
Posted by Rules on :
Let's find out where the company is with drilling for oil shall we.
I am going to make contact!
Posted by Rules on :
Waiting for info. I will post as soon as I get any information from the company.
Posted by blackpearlbenz on :
would love an update.....
Posted by Double Diamond on :
Can't you write one ???? LOL
Posted by Rules on :
quote:Originally posted by Double Diamond: Can't you write one ???? LOL
Sure I can:
Pr News:
We struck oil.......lots of it. The oil has exceeded all expectations as we hit oil immediately upon drilling at 13 inches. Now we are scrambling to find enough barrels and workers to help bring this to market. Upon drilling, we hit gold, diamonds, and several other high premium gems with a net asset value of 5 billion. With the new found success, the company is now looking at a buyout offer estimated to be around $15-18 per share.
Posted by Double Diamond on :
OK, I'll buy another 30K now.
Posted by Rules on :
quote:Originally posted by Double Diamond: OK, I'll buy another 30K now.
Lol Once I receive any news or updates, I will pass it along. Until then, it is now a waiting game.
Posted by Rules on :
Still no word back from the company as I have been trying to contact them for the last two days. Anyone else willing to try??? The more the better as I would to get us some answers on the drilling status.
Posted by Rules on :
Well hopefully news is coming today as their website is currently down and being updated.
Friendly Energy Douglas Tallant, President (702) 953-0411
Posted by Rules on :
Well their site was not down long.
Corporate Address: 502 N. Division Street Carson City, NV 89703 USA
Web Address: www.fdeg.biz Email Address: information*fdeg.biz
Posted by hawkdriver on :
I sent them the following email, lets see if they respond.
Hi. Myself and like 10,000 other investors were wondering if you guys ever really started drilling. If at all possible, we would just like to know. Thank You.
Posted by Rules on :
***UPDATE***
Straight from Douglas B. Tallant President of Friendly Energy Corporation (Symbol: FDEG)
Rig is in place and ready to go. The reason he did not want to issue anymore PR's is mainly cause in the last few months, the rig manufacturer has taken longer to get them the equipment making them look bad for getting the well drilled late. He did not want to disappoint investors with any more PR's until things became fact. States he is excited as the data shows near 1 million barrels of output from the dome they are about to drill. Says they should know the results of the pressure / output at 5500 feet in about 10 days once drilling has begun. Their goal is to add 5 wells to this area as they know the oil is there. Says it will be another 30-60 days after the drilling is completed to bring the oil to the public.
My thoughts, I'm looking to find more funds to purchase more stock now as this is exciting news. Don't expect a PR on the drilling until after it is complete and the results are known. Mr.Tallant stated the company is about to grow very rapidly now as prior to this month, everything they did was slow and methodical to keep risk down and returns high.
Posted by Rules on :
Oh and this deserves some solid 5 stars people lol as I feel I have delivered the goods to your bank account very soon.
Posted by roiresearch on :
WOW
Thanks for that great update Rules Posted by hawkdriver on :
I gave you some stars. I'd give you more cause they are free, but I can only give you 5.
If FDEG responds to my email I will paste it here. You folks take care, and if what Mr. Tallent told rules is correct, maybe with a little luck you can go get some new cars or something.
Posted by Rules on :
Reposted for those who may have missed it:
***UPDATE***
Straight from Douglas B. Tallant President of Friendly Energy Corporation (Symbol: FDEG)
Rig is in place and ready to go. The reason he did not want to issue anymore PR's is mainly cause in the last few months, the rig manufacturer has taken longer to get them the equipment making them look bad for getting the well drilled late. He did not want to disappoint investors with any more PR's until things became fact. States he is excited as the data shows near 1 million barrels of output from the dome they are about to drill. Says they should know the results of the pressure / output at 5500 feet in about 10 days once drilling has begun. Their goal is to add 5 wells to this area as they know the oil is there. Says it will be another 30-60 days after the drilling is completed to bring the oil to the public.
Mr.Tallant stated the company is about to grow very rapidly now as prior to this month, everything they did was slow and methodical to keep risk down and returns high.
Posted by Rules on :
Here is how low of a float FDEG has.
Posted by Loophole:
As of May 8 still 43 Million shares outstanding. So the per share gross revenue potential is $2.76
Posted by roiresearch on :
Acting nicely today - maybe it found some legs when we touched .085 the other day
Hoping for some type of official update from the company vs. select investors receiving updates
Posted by Rules on :
quote:Originally posted by roiresearch: Acting nicely today - maybe it found some legs when we touched .085 the other day
Hoping for some type of official update from the company vs. select investors receiving updates
There will be an official PR as soon as the well is complete. Expect news any day this month. Having a super low float, this stock could easily sail like NDOL did as FDEG has probably one of the lowest floats of any oil stock I have seen. Also, if the CEO of the company feels they are going to grow very rapidly now that only means more upward momentum. Nothing like we have seen to date in my opinion.
Posted by Rules on :
Good day, hope many here added this to their radar or considered taking a position soon as I have no doubt successful news is about to come this month sparking a solid run up in little time.
Posted by roiresearch on :
This will be an easy double if they just announce that the financials were submitted and that the rig is in place.
I suspect a triple - quintuple if they announce they will begin producing revenues from oil in the next 30 -60 days
Posted by roiresearch on :
Who is our JV partner?
If FDEG is being reluctant at the moment to say more than what they have, then maybe we can research the Joint Venture partner
Posted by Rules on :
quote:Originally posted by roiresearch: Who is our JV partner?
If FDEG is being reluctant at the moment to say more than what they have, then maybe we can research the Joint Venture partner
The JV partner is the outside investors who put up the 3.6 million in funds so the company can drill for oil without having to dilute their stock.
Posted by roiresearch on :
I realize that - but FDEG did contribute $32,000 recently to the JV partner. Just trying to get around the fact FDEG is reluctant to say too much at this point. If we know who the JV partner is, we can try researching that company as well. Just an idea - nothing more at this point.
Posted by Rules on :
I would not worry as BIG NEWS is coming this month! This is going to be instant money in our bank accounts once the news breaks.
Posted by roiresearch on :
What a spread
.085 x .099
Posted by blackpearlbenz on :
well just reposistioned some more money into this one. I think the potential here is larger than we all presume.
Posted by hawkdriver on :
I kind of like that they don't always release PR's. I'm getting a bit fed up with the NDOL conspiracy theories. Anyway I think this one will pay off at the end of this month. Maybe early next month because these guys are usually late.
Posted by blackpearlbenz on :
More DD that I have been doing on FDEG.
Here is the last few months of oil production coming out of the Oklahoma corporation commission. Note we are interested in oil coming out of Pottawatomie county which is about 121,000 barrels a month.
This site lets you search all of the ongoing drills within Oklahoma and Pottawatomie county. Unfortunatley we are joint ventured with a company that I cannot seem to track down. Anyone think that it may be Eagle Explorations? Any ideas would be helpful!
Straight up newbie here, how much am i paying for a share here? is it too late to jump on this?
Posted by BuyTex on :
SGT, start with finance.yahoo.com
Posted by blackpearlbenz on :
right now you would be paying .09 per share with an o/s of 46 million and a float of about 10 million, meaning once their is news, buying pressure should run this puppy up fast.
Posted by Rules on :
quote:Originally posted by blackpearlbenz: right now you would be paying .09 per share with an o/s of 46 million and a float of about 10 million, meaning once their is news, buying pressure should run this puppy up fast.
Cheap compared to where it is going to be any day now. This month we are going to see the run begin.
Posted by blackpearlbenz on :
i agree
Posted by blackpearlbenz on :
Their website has also been getting hit pretty hard lately. Goto http://www.metricsmarket.com and type in our website (http://www.fdeg.biz). Looking at over 8,000 hits per month.
Posted by Rules on :
If the company did start drilling on May 3rd and if Mr.Tallant is correct with the 10 days (we should know something), then technically we could see news as early as tomorrow as it will be 10 working days!
Posted by roiresearch on :
Any updates on this one? Sleeping giant until the company officially announces something.
Posted by Rules on :
No news on their financials which is over due and no news of the drilling. You would think they would want to keep their investors up to date.
Posted by roiresearch on :
If you look back at the PR's, it says "spudding" will begin on May 3rd. Maybe the company doesn't think the fact the rig is in place and has been making the initial holes for the pipes is news-worthy.
We as investors/gamblers are looking for mere validation while the company doesn't need to validate anything until the oil is coming up the pipes and ringing the cash register.
I guess it's good - when a otc/otcbb starts issuing news all the time, 24/7, they are usually getting themselves involved in some type of death sprial financing. That is a big plus for the low, low, low volume around here.
Posted by Rules on :
Well news is coming any day now and for the three of us on this stock, at least we will be making coin I am actually surprised many here don't see the opportunity and big run that is about to happen. Go figure, but once news hits, any who didn't get in now will only be left chasing or watching from the sidelines kicking themselves.
Posted by Rules on :
43 Million shares outstanding. So the per share gross revenue potential is $2.76. Reminder we are at 9 cents!!!!! Just going to 18 cents and you will double your money. Thinking we are going to see 24 cents by the end of this month on the run that is about to happen.
Posted by blackpearlbenz on :
I would have to agree with you. I have done a TON of DD on this one (over a month) and I think we have a winner. I know its a pink and anything can happen but right now I feel like I have a 20 and the dealer is showing a 6.
Posted by roiresearch on :
I'm surprised as well, but I guess people like to see PR's
I prefer 8K's and 10Q's
How have people been getting updates from DT? Doesn't respond to emails. At least mine, that is.
Posted by Rules on :
You will have to call.
IR: 702-953-0411
Posted by binnocent on :
I'm still in as well....holding from last week * .092. Definitly worth the gamble ! IMO
Posted by blackpearlbenz on :
So I think that I may have tracked down the joint venture partner for FDEG. Check out:
If you click on the Oil and Gas Web Application (bottom left) it will load a java program (that will auto download) in which you can search the oil applications. After you download click on 'well browse' and it will let you search a number of things. We are interested in permits to drill in Pottawatomie county. The API county code is 125 to be entered in the top right. Below that enter a date range beginning on 1/1/2006 with no end date (since they had to have some time to get the necessary permits before PRing this to the public). After that hit search now. Now you can see all permits to drill in Pottawatomie county that coincide with our company. Now the only one that matches our drill depth (4500 ft) and formation (wilcox) is the Rusty well. Highlight that and click on permits at the top.
In my opinion this is our joint venture partner New Dominion LLC. Google their name and you will see that they have a new website with an official release date (bottom) of spring 2006. This of course is only my opinion....
Posted by Rules on :
Great DD. 5 Stars to you my friend.
Posted by blackpearlbenz on :
Was wondering when I might get a star for my DD, thanks Rules!
Posted by hawkdriver on :
nice work pearl
Posted by grandmountain on :
blackpearlbenz, great dd you are getting! Did you see if FDEG has any drilling permits for there own property? There property is what will move this stock up in a major way. They are suppose to drill it right after the hole is done on the joint venture property. Thanks!
Posted by blackpearlbenz on :
All drilling permits would come through their joint venture partner. I dont believe that FDEG has the working capital or capacity to get permits on their own. As I understand, they lease properties that have potential oil and then partner with someone else to get that oil out. If this is the case and I am right about who their joint venture partner is, then yes more permits have been filed. The most recent of which is the Bulloch well which was approved on 5-12-06. Remember though, this is all only my opinion and DD. I have given everyone here the tools to research the above statements.
Posted by grandmountain on :
blackpearlbenz, we FDEG has there own property that they own 100%. They have to give up roughly 13% for royalties on it, but we get the other 87%. This is there best property not the joint venture property. There own property is the one that has over 1 million barrels in reserve. They hope to put 5 wells on it and they hope the wells can do about 300 a barrels a day per well. If the joint venture works out that is ok with me, but it is there own property where the excitement is at.
Posted by blackpearlbenz on :
I understand completely that they have their own property. My question is whether they have the working capital to drill on these properties on their own. From what I have seen, they need "partners" to help them get the oil out of the ground.
Posted by grandmountain on :
I do believe they have the funds to drill there own property. The plan was to use the same drill on the joint venture to also drill there own property. They bought into this other joint venture property. They wouldn't have bought into it if they didn't have the money to do there own. It is there own property that they are most excited about. If they find oil on the joint venture thats great, but it is there property that could get this stock over a dollar IMO.
Posted by Rules on :
Has anyone else called to ask them when we can expect a PR?
Their Investment Relations: 702-953-0411
Posted by blackpearlbenz on :
Please read!! This is an email that I recieved from Mr. Tallant yesterday addressing my concern about them not being registered with the oil/gas commission. I thought that I had found a hidden gem with FDEG but it turns out I am dead wrong.
Thank You for your interest in Friendly Energy. The company has had significant delays in acquiring a drill rig to begin drilling either the joint venture or the Pottawatamie Properties. As you may or may not know that there is a significant shortage of drill rigs, crews to run them, pipe for casing, drilling bits and all other required equipment to run a drilling program. The company has had reservations for drill rigs through our operator, since October of 2005, which we are still being delayed for several weeks. The company also has enetered into a joint venture in order to secure access to a drill rig once the JV wells are drilled, and have that drill rig moved to the Pottawatamie prospects, however the JV drilling has been delayed because the drill rig has been committed to another prospect prior to drilling the JV property.These are all issues completely out of control of the company and its management. To answer your question, when the company has a rig being moved to site the drilling permits will be applied for. This will be done jointly by the company and its operator. We hope to be doing this as soon as possible. We hope this answers your enquiry Please feel free to e-mail any other questions you may have.
Sincerly;
Friendly Energy.
What this means in my opinion: 1) We have not started drilling and according to the oil/gas commission website we are not even registered to drill in OK. 2) We have NO permits to drill which means that once we do get a rig we have to wait for the permits. 3) They still have to wait AT LEAST two more weeks until a rig is even available. Didnt they say drilling began May 3rd? 4) I will now be waiting on the sidelines until this company can show me something other than fluff. 5) You all know I wanted this company to succeed more than anyone. If and when something substancial is released I will be back.
Posted by Rules on :
I will be moving off until later as well. I have realized that their CEO has been a total joke and has not been straight from the start. In the meantime, I will re-enter the stock once the company gets their act together.
Posted by Rules on :
Btw: for those looking to sell, make sure you sell on the ask side and not the bid as you will total lose out. MM's want to cover their positions at the end of the day so always set your sell at the ask.
Posted by blackpearlbenz on :
I still think there is potential here, but until I see something substancial Mr. Tallant will go down in my book as a lier.
Posted by Rules on :
quote:Originally posted by blackpearlbenz: I still think there is potential here, but until I see something substancial Mr. Tallant will go down in my book as a lier.
Definitely frustrated with this one.
Posted by blackpearlbenz on :
well got any picks Rules. got alot of cash just sitting around now....
Posted by binnocent on :
Benz, thanks for the honest info. Got out with a small loss. Definitly thought it was gonna be a good one. Ready to move on to the next!
Posted by blackpearlbenz on :
holy smokes, glad im out
Posted by Rules on :
This one is going to probably rebound. Now I am thinking about getting back in lol at today's price. I am going to try and get back on Monday as this price is definitely from panic selling.
Posted by Rules on :
Here was my email reply from Mr.Tallant today:
"Here is what is going on. our rig that is coming from Jerry Scott Drilling is a new rig and has encountered some problems. We hope to have it on site asap. Our auditor has not gotten the final audit to our SEC attorney so that he coud effect the filings. These things are out of our control, but we are doing our best. We hope to have the rig drilling and our filings completed soon. Sorry for the delay. Thank you, Doug Tallant
I still think this is a stock that is going to fly if all pans out. Now the big question is when and at what price to take a position. I like the price where it is at right now.
Posted by Impat on :
blackpearlbenz, Thanks a lot for the info. I was ready to enter in, and now, I would prefer to wait for. GLTA
Posted by blackpearlbenz on :
Well to begin this post, lets start with a definition:
Insider Trading: "Insider trading" is buying or selling a security while having material, nonpublic information about the security, in breach of a fiduciary duty or other relationship of trust and confidence. Insider trading may also include "tipping" such information, securities trading by the person "tipped," and securities trading by persons who misappropriate such information. Insider trading is a felony, and the SEC can levy large civil penalties for violations.
In my opinion, the email that I recieved and the one Rules just posted are information that is NOT public and was used in a fashion that drove the price of the stock down. All I did was write a simple email to the company and what I got back was information THAT SHOULD HAVE BEEN PR'D (including the info Rules recieved above). I cannot believe this dog and pony show has not been shut down by the SEC. This is corporate negligence to the tee. And to top this all off, I think I could write better PR's blindfolded. I am out...those of you that dont like what I wrote can go join ragingbull with all the other 2nd hand information fluzzies.
Posted by blackpearlbenz on :
In regards to the private messages I have been getting, I am done researching this company. I closed all positions a week and a half ago when I saw FDEG had no permits with the oil/gas commission. The email Mr.Tallant sent me only confirms my suspecions.
Posted by RWall on :
![[Razz]](tongue.gif)
Once I receive any news or updates, I will pass it along. Until then, it is now a waiting game.
![[Eek!]](eek.gif)
