COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Cambridge Resources Receives Independent Preliminary Engineering Report on American Pride Energy With an Estimated Value of USD$90 Million
NEW YORK, NY, Mar 01, 2007 (MARKET WIRE via COMTEX) -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) announced today that it has received a preliminary engineering evaluation report from GA Engineering, which values some of the properties at USD $90 Million, representing a value of $0.50 per share. According to the independent preliminary report, only certain properties were surveyed and upon receipt of the complete independent evaluation report, expected by March 7, 2007, the evaluation figure on all properties could be established between USD $180 Million to $250 Million, representing a net present value per share of $1.00 to $1.39 per share.
"We are very happy with the preliminary independent report, which was delivered much faster than anticipated," said Tony Felitsky, President and CEO of Cambridge Resources Corp. "Our team of independent experts and our experienced management team will enable us to build a highly successful company here and abroad," further added Mr. Felitsky.
Cambridge Resources Corporation will continue to seek and acquire producing oil and gas companies throughout North America and around the world.
About Cambridge Resources
Cambridge Resources Corp. is a junior oil and gas producer located in Kansas City and its properties have an estimated 5,000,000 barrels in recoverable reserves and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years and further exceed these projections with the acquisition of further proven reserves in North America and around the world.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Alex Barta 514-991-2272 abarta*cambridgeresourcescorp.com
SOURCE: Cambridge Resources
CONTACT: mailto:abarta*cambridgeresourcescorp.com
Copyright 2007 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Oil and Gas
Search for Dun & Bradstreet reports on this company
Posted by cassity on :
Here some previous news: L2's starting to come alive:
CBRP -- Cambridge Resources Corp. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Cambridge Resources Signs Definitive Acquisition Agreement With American Pride Energy
NEW YORK, NY, Feb 15, 2007 (MARKET WIRE via COMTEX) -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) announced today that it had signed a definitive acquisition agreement for 100% of American Pride Energy Inc. According to the definitive acquisition agreement, Cambridge Resources Corporation will acquire 100% of American Pride Energy Inc. for 110,000,000 restricted common shares, which includes a provision for a US $10 million in financing upon closing and another pending acquisition, whereby the total issued and outstanding common shares of the company on a fully diluted basis will be 180,000,000 common shares.
The definitive acquisition agreement and required financing is expected to close on or before June 15, 2007.
The company further announced that it has terminated its corporate finance agreement with Midland Baring Capital Inc. The company is in the process of selecting its corporate finance advisory and investment banking group.
In addition, Cambridge Resources along with American Pride Energy have attempted to negotiate a new transaction to enable the acquisition of Peace West and Lesser Slave Lake Exploration, but were unsuccessful. The owners of Peace West and Lesser Slave Lake Exploration have provided an irrevocable termination of the previously announced acquisitions based on failure to close as intended by the agreements and subsequently the companies. Cambridge Resources and the owners of Peace West and Lesser Slave Lake have provided each other with a complete and full release and discharge.
Cambridge Resources Corporation will continue to seek and acquire producing oil and gas companies throughout North America and the world.
About American Pride Energy Inc.
American Pride Energy Inc. is a junior oil and gas producer located in Kansas City; its properties have an estimated 5,000,000 barrels in recoverable reserves and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately US $40 million in Revenue and US $32 million in profit within the next 5 years.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Alex Barta 514-991-2272 abarta*cambridgeresourcescorp.com
SOURCE: Cambridge Resources
CONTACT: mailto:abarta*cambridgeresourcescorp.com
Copyright 2007 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Oil and Gas
Search for Dun & Bradstreet reports on this company.
Posted by hbomb on :
Hope to see a bounce from here...in at .04
Posted by TraderSwede on :
I only got partly filled at .04
Posted by TraderSwede on :
I just got fully filled at .04
Posted by cassity on :
Funny, it took a long time to fill my order than they dropped it....once again ST has restricted buying. I still think it will recover! GLTA
Posted by cassity on :
Previous news:
CBRP -- Cambridge Resources Corp. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Cambridge Resources Provides Update on the Acquisition of American Pride Energy Inc.
NEW YORK, NY, Jan 04, 2007 (MARKET WIRE via COMTEX) -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) provided an update today on the acquisition of American Pride Energy Inc. Cambridge Resources Corporation will acquire 100% of America Pride Energy Inc. for 110,000,000 restricted common shares, whereby the total issued and outstanding common shares of the company on a fully diluted basis will be 180,000,000 common shares.
The company plans to enter into a definitive agreement by January 10, 2007 and close the acquisition by or before January 17, 2007.
American Pride Energy Inc. is an oil and gas junior producer located in Kansas City where its properties have estimated 5,000,000 barrels in recoverable reserves once the required financing concluded; the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years.
Cambridge Resources Corporation also announced yesterday that it had rescinded the transaction with Basics Minerals and will not close the acquisition of Lesser Slave Lake Exploration Inc. and or Peace West due to allege irregularities with the description of the Janvier property as well as the use of funds. Furthermore, the company announced that Sylvain Amyot will remain President and sole Director of the corporation until the closing of the acquisition of American Pride Energy Inc. and that Stan Ford and David Shaw had not been legally appointed and do not serve on the board of directors of the corporation nor as officers and therefore the press release of December 12, 2006, December 5, 2006, November 22, 2006 and November 1, 2006 are and were erroneous. It is important to note that neither Stan Ford and or David Shaw and or shareholders of Basics Minerals, Peace West, and Lesser Slave Lake are shareholders of Cambridge Resources Corporation.
Although the company rescinded the transaction with Basics Minerals, Peace West Energy and Lesser Slave Lake Exploration, it remains open to pursue future acquisition in the oil sands and shallow gas properties as it is the company's objective to grow by the development of its existing properties (American Pride Energy) and to acquire additional properties that will yield significant shareholder value.
About Cambridge Resources Corporation
Cambridge Resources Corporation is a publicly traded Oil & Gas company, which seeks to acquire North American Oil and Gas producing properties.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Posted by cassity on :
This was over .30 just a few weeks ago...I wonder why it dropped??
Posted by R.A. on :
The news are extremely good. The PPS is really low, this one should be running now. But I think people are not reacting because of the Dow right now.
Posted by TraderSwede on :
.0375
I WANT to fill up more, but......
Posted by rhadagast on :
usually these stocks don't follow general market trend
Posted by cassity on :
I have a order in at .035 for 25k. This is a lot like RGNO, moves fast on low volume. It'll move, I'll give a few days. GLTA
Posted by TraderSwede on :
Dammit, and I was all happy aboput getting filled at .04....
Posted by R.A. on :
I'm aware of that, but how can you explain it then?
Everything is set for it to soar.
Posted by TraderSwede on :
Moving on up!
.045
Posted by rhadagast on :
come on baby...daddy needs a new pair of shoes
Posted by rhadagast on :
yeeehah 5cents
Posted by TraderSwede on :
.055
GO GO GO GO
Posted by cassity on :
Lookin good, news seems to be spreading now. GLTA
Posted by TraderSwede on :
quote:Originally posted by cassity: Lookin good, news seems to be spreading now. GLTA
You JINXED it....
Posted by jdiddy on :
im in at .04 w/ no L2's
can anyone post how they look?
Posted by TraderSwede on :
I would LOVE for this to go back to the .20's levels
Posted by R.A. on :
Looking like it's starting to heat up.
Posted by cassity on :
2(.045)x1(.053)
Posted by jdiddy on :
thanks cassity... i need to invest for the pinkies
Posted by cassity on :
quote:Originally posted by jdiddy: thanks cassity... i need to invest for the pinkies
NP!
Posted by cassity on :
Just seen this:
Posted by: BB Player In reply to: time2sell who wrote msg# 221780 Date:3/1/2007 12:04:47 PM Post #of 221804
CBRP Got a email from company.
Mr. xxxx, Thank you for your interest in CBRP. The total number of outstanding shares is 180 million and the float is 30 million shares. Yes there are a few MM that are shorting but the price should begin to climb soon given the current volumes. Regards, Alex Barta.
-------------------------------------------------------------------------------- All my posts are my opinion. Do your own DD. Know your entry and exit points. Don't buy a falling knife till it hits the floor. Most of all take profits.
Posted by TraderSwede on :
quote:Originally posted by cassity: Just seen this:
Posted by: BB Player In reply to: time2sell who wrote msg# 221780 Date:3/1/2007 12:04:47 PM Post #of 221804
CBRP Got a email from company.
Mr. xxxx, Thank you for your interest in CBRP. The total number of outstanding shares is 180 million and the float is 30 million shares. Yes there are a few MM that are shorting but the price should begin to climb soon given the current volumes. Regards, Alex Barta.
-------------------------------------------------------------------------------- All my posts are my opinion. Do your own DD. Know your entry and exit points. Don't buy a falling knife till it hits the floor. Most of all take profits.
NICE!!!
Posted by TraderSwede on :
Did you post this on any other sites?? Went up 7% since you posted that here!
Posted by cassity on :
quote:Originally posted by TraderSwede: Did you post this on any other sites?? Went up 7% since you posted that here!
Nope, but I'm thinking of buying more. I'm liking what I see thus far. GLTY
Posted by madmoney on :
The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years.-------------------- 5 years is a LONG time in pinkyland!!! non reporting! no financials, play the hype, take your profits!!! Posted by cassity on :
quote:Originally posted by madmoney: The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years.-------------------- 5 years is a LONG time in pinkyland!!! non reporting! no financials, play the hype, take your profits!!!
You like to follow me everywhere. Thanks for the advice.
Posted by TraderSwede on :
quote:Originally posted by cassity:
quote:Originally posted by madmoney: The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years.-------------------- 5 years is a LONG time in pinkyland!!! non reporting! no financials, play the hype, take your profits!!!
You like to follow me everywhere. Thanks for the advice.
I still think this one can go back up to 20c wehere it was all Nov. and Dec.
Posted by madmoney on :
quote:Originally posted by cassity:
quote:Originally posted by madmoney: The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years.-------------------- 5 years is a LONG time in pinkyland!!! non reporting! no financials, play the hype, take your profits!!!
You like to follow me everywhere. Thanks for the advice.
had`nt noticed! LOL! GLTY!!
Posted by cassity on :
I find it encouraging to see NITE wanting to keep this down. Same thing with RGNO. I'll wait for the pop.
Posted by jdiddy on :
ill wait as well IMO- this is still a good entry point for others
Posted by SherriT on :
NITE wants to keep everything down Posted by jdiddy on :
so is NITE on the ask ALWAYS a good thing?
Posted by jdiddy on :
it seems to me as if NITE always jumps on the ask to stop a run
Posted by cassity on :
quote:Originally posted by jdiddy: so is NITE on the ask ALWAYS a good thing?
Well, NITE sat on the ask with CSHD and RGNO. Wouldn't let the damn thing move, then one day they pop. I hate NITE, but when he moves his azz, things usually move....IMO
Posted by cassity on :
I'll be back later. GLTA If we get past these .05's should move pretty good...IMO!
Posted by jdiddy on :
quote:Originally posted by cassity:
quote:Originally posted by jdiddy: so is NITE on the ask ALWAYS a good thing?
Well, NITE sat on the ask with CSHD and RGNO. Wouldn't let the damn thing move, then one day they pop. I hate NITE, but when he moves his azz, things usually move....IMO
Yes I agree with you on that. Just wanted to hear it from someone more experienced. I have been trading about a year and watch my L2's alot on the stocks other than pinks. Ive noticed that personality of NITE as well. Ive learned a lot from the people here at allstocks and doing well now. Thanks again cassity! Posted by jdiddy on :
.04 x .045 looking to add
Posted by jdiddy on :
Come on EOD!!
Posted by jdiddy on :
moving back up Posted by jdiddy on :
good volume and we should see green today
Posted by TraderSwede on :
Wow, we're not moving much today....
Posted by TraderSwede on :
Volumes just picked up the past 5 minutes!
Posted by jdiddy on :
hopefully we go GREEEEEEEN!!!!
Posted by TraderSwede on :
Getting close now!
Sporadic volumes, but definatly going up!
Posted by TraderSwede on :
Another volume increase followed by an uptick... Posted by jdiddy on :
.035 x .036
Posted by TraderSwede on :
Another uptick, 037
Posted by jdiddy on :
MM's trying to hold this down
Posted by TraderSwede on :
quote:Originally posted by jdiddy: MM's trying to hold this down
We traders love saying that.... Posted by TraderSwede on :
Ok, who ever is f...ing with this, STOP IT
Posted by rhadagast on :
co. is still soooo undervalued IMO. Unfortunately this day trade has turned into a short-term investment. I always like the QUICK 20-30%
Posted by madmoney on :
I have not been able to find ANYTHING on America Pride Energy Inc. on the web? no info at K.C. sec of state or BBB.??? has anyone tried to research this company (America Pride Energy Inc.)?? stock down 61 percent????
Posted by jdiddy on :
well ill be in this stock awhile wtf
Posted by jdiddy on :
quote:Originally posted by madmoney: I have not been able to find ANYTHING on America Pride Energy Inc. on the web? no info at K.C. sec of state or BBB.??? has anyone tried to research this company (America Pride Energy Inc.)?? stock down 61 percent????
I just emailed the company to find out more on APE and ask some other questions. I will update when I get a response.
Posted by TraderSwede on :
THIS JUST OUT
Cambridge Resources Nominates Former Gulf Oil Executive to the Board of Directors 10:00a ET March 5, 2007 (Market Wire) Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) announced today the nomination of Joel Friedman and Mark Cussen to the board of directors and as officers of the company.
Joel Friedman is nominated to the board of directors of Cambridge Resources and as Chief Operating Officer. Mr. Friedman has a master's degree in petroleum engineering from the Institute de Engineering in France. He has earned a long list of certifications, including USGS Blowout Prevention, Registered Environmental Manager, Certified Environmental Assessor, various construction certifications and an explosives license. He was the former head production petroleum engineer for Gulf Oil, where he took over 40 oil and natural gas leases that were going to be plugged and converted them into highly profitable projects. He has nearly 35 years of experience in the oil industry, encompassing both on and offshore production and hands-on field work in operations and drilling. He has worked and consulted in virtually all oil producing states in the United States of America, as well as several foreign countries. He has taught several courses at various Gulf Oil research centers, covering water flooding, and enhanced oil recovery, drilling and formation evaluation. Mr. Friedman is also a member of The Societies of Petroleum and Manufacturing Engineers, The American Society of Safety Engineers, and several other assorted oil and gas organizations, where he has served on many legislative committees. Mr. Friedman also speaks the languages of English, Spanish, French, Creek and Cherokee Indian and Japanese.
Mark Cussen is nominated to the board of directors of Cambridge Resources and as Vice-President. Mr. Cussen graduated from the University of Kansas in 1994 with a Bachelor's degree in English. After servicing mutual fund customers for a year at DST Systems, he became a stockbroker in 1995. He gathered and managed assets with three different companies before earning the Certified Financial Planner designation in 2001. Mr. Cussen then added tax planning and preparation to his services, along with comprehensive financial planning. He was also a residential loan officer for two years before joining American Pride Energy, Inc. in July of 2004.
"Mr. Friedman and Mr. Cussen are a great addition to the Cambridge Resources Team," said Mr. Felitsky President and CEO of Cambridge Resources Corporation. "The experience of our team will greatly benefit our company, especially with the acquisition of the U.S.-based properties and with potential international properties," further added Mr. Felitsky.
About Cambridge Resources
Cambridge Resources Corp. is a junior oil and gas producer located in Kansas City and its properties have an estimated 5,000,000 barrels in recoverable reserves and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years and further exceed these projections with the acquisition of further proven reserves in North-America and around the world.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Alex Barta 514-991-2272 abarta*cambridgeresourcescorp.com
SOURCE: Cambridge Resources
Posted by TraderSwede on :
Is no one in on this one??
Posted by TraderSwede on :
Up 4%
Low volumes, but IMO very undervalued
Posted by HerbL_Remdy on :
got in at 5, trying to double up at 2.3 but tdamer. won't sell now...???
Posted by TraderSwede on :
Welcome from lunch!
Up 16%
Posted by TraderSwede on :
New HOD .03
Posted by TraderSwede on :
.032 HOD
UP 33%
Posted by jdiddy on :
Oh yeah...were back in action now
Posted by TraderSwede on :
I don't see the problem??? This should be SOO much higher, I guess people atr too busy with EVSA to notice... Posted by jdiddy on :
Post from Ihub: Email from Alex target price $1.00 in 3 months.
We do not have a web site yet and we have 180,000,000 shares outstanding and 30,000,000 in the float. There is no dilution as we do not plan to issue any more shares for the time being. Our target for $1.00 is within the next 3 months. Alex Barta.
Posted by TraderSwede on :
I didnät see that one at Ihub
But if it's true....
Holy crap....
Posted by jdiddy on :
More news: Press Release Source: Cambridge Resources
Cambridge Resources Releases Completed Independent Evaluation of the American Pride Energy Properties; Valued at USD $409 Million Monday March 5, 3:40 pm ET
NEW YORK, NY--(MARKET WIRE)--Mar 5, 2007 -- Cambridge Resources Corporation (Other OTC:CBRP.PK - News) (Frankfurt:M3F.F - News) released the completed independent evaluation report by G.A. Engineering with total value of USD $409 million. According to the independent report, the value determined is based on the probable and recoverable reserves as well as current production and the fair market value of the equipment. The independent report evaluated the following American Pride Energy properties:
-- McGary Adams -- Jack McLain -- Sacred Heart Parrish -- Peak Clements -- Asher -- Dixon: (data not complete and not included in the report) -- Pain Creek -- Benoist -- McClosky -- Rosiclare -- Kansas Gas Properties (data not complete and not included in the report) -- TOTAL EVALUATION: USD $409,011,819 ADVERTISEMENT
The independent report does not currently include the Dixon property nor does it include the Kansas Gas properties. A revised report will be issued to reflect all properties once the data on the Dixon and the Kansas gas properties are completed and analyzed.
"The independent evaluation on the American Pride Energy Properties is beyond our expectation. The preliminary report only accounted for a few elements, but now with the completed report, we are well on our way to developing our properties," said Mr. Felitsky, President and CEO of Cambridge Resources Corporation. "Now it is our turn and that of our team of experienced professionals to assure that value on the report is transformed into value in the hands of our shareholders," further added Mr. Felitsky.
About Cambridge Resources
Cambridge Resources Corp. is a junior oil and gas producer located in Kansas City and its properties have an estimated 5,000,000 barrels in recoverable reserves, and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years and further exceed these projections with the acquisition of further proven reserves in North America and around the world.
Posted by TraderSwede on :
I'm thinking/hoping that yesterday's "last-minute" PR should really get things moving here. There is just SOOO much good news that it can't be ignored!
Posted by TraderSwede on :
Ok, .032, up 3%
WIth today's PR this will hopefully see some good volumes today!
Posted by TraderSwede on :
Cambridge Resources Releases G.A. Engineering's Independent Evaluation Report of the American Pride Energy Properties; Valued at USD $409 Million Tuesday March 6, 10:00 am ET
NEW YORK, NY--(MARKET WIRE)--Mar 6, 2007 -- Cambridge Resources Corporation (Other OTC:CBRP.PK - News) (Frankfurt:M3F.F - News) released the completed independent evaluation report by G.A. Engineering with total value of USD $409 million. According to the independent report, the value determined is based on the probable and recoverable reserves as well as current production and the fair market value of the equipment. The independent report evaluated the following American Pride Energy properties :
-- McGary Adams -- Jack McLain -- Sacred Heart Parrish -- Peak Clements -- Asher -- Dixon: (data not complete and not included in the report) -- Pain Creek -- Benoist -- McClosky -- Rosiclare -- Kansas Gas Properties (data not complete and not included in the report) -- TOTAL EVALUATION: USD $409,011,819 ADVERTISEMENT
The independent report does not currently include the Dixon property nor does it include the Kansas Gas properties. A revised report will be issued to reflect all properties once the data on the Dixon and the Kansas gas properties are completed and analyzed.
"The independent evaluation on the American Pride Energy Properties is beyond our expectation. The evaluation represents $2.27 of property value per share considering the total issued and outstanding on a fully diluted basis. Even if someone wanted to be extra conservative and were to discount the evaluation by 90%, it still represents $0.23 per share," said Mr. Felitsky, President and CEO of Cambridge Resources Corporation. "Now it is our turn and that of our team of experienced professionals to assure that value on the report is transformed into value in the hands of our shareholders. We will do whatever is in our power to counter the short sellers and or any other negative market forces," further added Mr. Felitsky.
About Cambridge Resources
Cambridge Resources Corp. is a junior oil and gas producer located in Kansas City and its properties have an estimated 5,000,000 barrels in recoverable reserves and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years and further exceed these projections with the acquisition of further proven reserves in North America and around the world.
About G.A. Engineering
G.A. Engineering is a Petroleum Engineering firm based in Tulsa, Oklahoma. The company and its principal engineers have over 37 years of domestic experience in drilling, completions and reservoir evaluations. G.A. Engineering prepared the evaluation report for American Pride Energy Inc. during the month of February released in March. G.A. Engineering or employees have no direct or indirect, nor expect to receive any interest in the properties and or any securities with respect to this project. The evaluation report provided by G.A. Engineering is totally independent.
Posted by TraderSwede on :
This is the exact same one as yesterday, did they re-post this somewhere?
Posted by TraderSwede on :
Moving between .032 and .035, I've said it once, and I'll say it again, this should be SOO much higher IMO.
Posted by TraderSwede on :
quote:Originally posted by jdiddy: Post from Ihub: Email from Alex target price $1.00 in 3 months.
We do not have a web site yet and we have 180,000,000 shares outstanding and 30,000,000 in the float. There is no dilution as we do not plan to issue any more shares for the time being. Our target for $1.00 is within the next 3 months. Alex Barta.
They need to put this e-mail into a nice little PR.
Posted by TraderSwede on :
.037 new HOD
up 19%
Posted by TraderSwede on :
.38
Did somebody awake the sleeping giant?
Posted by TraderSwede on :
oops .038 Posted by jdiddy on :
lookin good today.. more PRs should be coming this week..hopefully we get one nice run this week Posted by TraderSwede on :
It would be nice to close at the HOD.
Another PR would also be nice!
Posted by TraderSwede on :
down to .025
I can't figure out....
Posted by TraderSwede on :
.034
Up 36%
Posted by jdiddy on :
lets see if we can stay up today
Posted by jdiddy on :
holding .033 nice to see Posted by TraderSwede on :
quote:Originally posted by jdiddy: holding .033 nice to see
I guess we need a little news... I'll say it again: IMO this is SOOO undervalued
Posted by jdiddy on :
Im really surprised more people arent jumping in this...
We will get our pop TraderS
Posted by jdiddy on :
we have made the reversal for sure
UP 16% today Posted by TraderSwede on :
Descent volumes, nothing spectacular, but there is movement! and movement is good! Posted by jdiddy on :
up 22% .039
Posted by TraderSwede on :
.036
:mad
Posted by TraderSwede on :
We really need to break .04
Posted by jdiddy on :
.037 x .038
Posted by jdiddy on :
.038 x .039
Posted by jdiddy on :
.039 x .04
Posted by jdiddy on :
Email from Alex 03/09
Walt, Yes as I have told you there are some excellent news coming out soon and we are still targeting $1/share within 3 months. Our goals are to fund the development of our existing properties so as to maximize shareholder value and to continue pursuing other opportunities in the energy sector world wide. We do not have any CD that I am aware of. Cheers, Alex.
Posted by jdiddy on :
today we break .04
Posted by jdiddy on :
told ya .044 UP 22% Posted by rhadagast on :
tdAmeritrade says i need to call broker to buy, anyone know whats goin on?
Posted by jdiddy on :
I use TDA for this stock and it works fine
good time to buy
Posted by rhadagast on :
when i place buy order it says: opening transactions for this security must be placed through a broker...huh!
Posted by T e x on :
quote:Originally posted by rhadagast: when i place buy order it says: opening transactions for this security must be placed through a broker...huh!
your broker has some problem with it--call & find out...
Posted by TraderSwede on :
Up 16% at market opening!
Posted by jdiddy on :
hopefully today is day!!
Posted by TraderSwede on :
quote:Originally posted by jdiddy: hopefully today is day!!
Hope so...
Remember what Alex Barta said, $1 within 3 months.... Posted by jdiddy on :
.034 x .035
Posted by jdiddy on :
News....How will this effect it
Cambridge Resources Victim of Email Spammers Mar 13, 2007 4:30:00 PM NEW YORK, NY -- (MARKET WIRE) -- 03/13/07 -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) announced today that it has been a target and victim of email spammers.
According to the company, a series of emails touting CBRP were allegedly sent out to thousands of people the week of March 4, 2007. The company did not hire, pay and/or request anyone and/or any organization for the email distribution. The company does not and did not approve any of the content of said emails and the company was not aware of such email distribution nor does it condone such illicit practice.
Due to the emails and complaints thereafter, Pinksheets has removed the quotation from its website until a legal opinion by the company's counsel can be provided. It should be noted that quotation on the company's stock is available on all other quotation systems and that trading continues to be active.
Investors should seek complete information on the company and seek advice from their financial and or investment advisor before making an investment decision.
Cambridge Resources Corporation disseminated several press releases and investors can review said releases on the company's website at www.cambridgeresourcescorp.com and can speak to the company's investor relations department for more information. The company plans to make all financial and or material events known to the public via its website, press releases and the Pinksheets news service.
The company has a total of 180,000,000 common shares outstanding and no preferred shares, options or warrants. The company does not have any revenue; profit and assets are limited to the acquisition of American Pride Energy and its oil and gas properties, which have been independently valued at US $409 million and the liabilities are approximately US $5 million, which represents the payment required for the closing of the acquisition of American Pride Energy to occur on or before June 15, 2007.
About Cambridge Resources
Cambridge Resources Corp. is a junior oil and gas producer located in Kansas City and its properties have an estimated 5,000,000 barrels in recoverable reserves and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately US $40 million in Revenue and US $32 million in Profit within the next 5 years and further exceed these projections with the acquisition of other properties with proven reserves in North America and around the world.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Alex Barta 514-991-2272 abarta*cambridgeresourcescorp.com
Posted by TraderSwede on :
I'm thinking it might go down initially, but the company itself seems legit and taking things seriously with damage control etc.
If it dips today I might buy a little more to average down.
Any else have an opinion?
Posted by jdiddy on :
with that news not effecting this yesterday, i think we should be on the way back up soon
.025 buy is a no lose situation
Posted by jdiddy on :
.03 UP 20% Posted by TraderSwede on :
Yup, slowly but surely....
Posted by jdiddy on :
I emailed Alex today. I will post the email after I get a response.
Posted by jdiddy on :
unless anyone knows why this stock is falling today, I would say this is a great deal.
.02 is a low for CBRP
Posted by jdiddy on :
I got a response from Alex today. Sounds Positive!
Dear xxx, We have some great news to come very soon and we are targeting $1/share within the next 3 months. We are in it for the long haul and intend to build true shareholder value. You might want to consider picking up some more to average down your overall cost. Thank you for your interest in CBRP. Regards, Alex Barta 514-991-2272
Posted by jdiddy on :
UP 10% today!
Posted by jdiddy on :
Up 20% now ...moving up steady
Posted by TraderSwede on :
Good Morning Folks,
Well, still waiting for some news!
Posted by jdiddy on :
another 20% news must be coming
anyone else in this?
Posted by TraderSwede on :
Still here,
Still waiting for the $1 within 3 months... Posted by gumzsa on :
So am I but I saw that claim a month ago so we should see $1 in 2 months. LOL
Posted by TraderSwede on :
Well, up 16% this morning!
Posted by TraderSwede on :
Anybody still here??
I unfortuanatly married a few shares.....
Shouldn't we be at around 50c by now, considering we have to make it to $1 within a few weeks???
Seriously though, anyone besides me still own anything here?? Any news? Anybody called Alez Barta lately??
TS
Posted by HerbL_Remdy on :
down 40 percent,.....holding out a few more weeks for that dollar.....any day now
Posted by gumzsa on :
I have 10000 shares that I bought at .04 PPS. I hope we hit that $1.00.
Posted by TraderSwede on :
Thx guys, Nice to see that I'm not alone!
GLTA
TS
Posted by jdiddy on :
still here trader
Posted by jdiddy on :
UP 45% today Posted by TraderSwede on :
Morning,
I WISH i had some funds last friday, saw that it was down to 0.02, oh well...
Anybody have any news?
TS
Posted by TraderSwede on :
up 75%
.035
Posted by HerbL_Remdy on :
closed up another 55%! let's see a nickel tomorrow Posted by ZeroCool on :
need help- i'm checking corporate history of cbrp, and all officer's and addresses. can anyone find American Pride Energy in Kansas City? verify sale status, and property included, value. if that all checks out- cbrp is a millionaire maker!
Posted by T e x on :
secretary of state would be a good first place to start...
Posted by BooDog on :
quote:Originally posted by ZeroCool: need help- i'm checking corporate history of cbrp, and all officer's and addresses. can anyone find American Pride Energy in Kansas City? verify sale status, and property included, value. if that all checks out- cbrp is a millionaire maker!
I may look into this stock a little myself. But - it is amazing what you can find out about some of these stocks when you google everyone associated. and to go a step further by searching City Hall and city/county governments. You can really dissect a company on line these days (and the people) to a point it's almost creepy. If you're not finding anything I would wonder.
just at a glance i would rec you read this post...
Tex, boodog, thx- appreciate it- but I was just looking for info on American Pride Energy. didn't have time to look that one up yet. thanks for the post though- useful info.
Posted by jdiddy on :
Press Release Source: Cambridge Resources
Cambridge Resources Signs USD $25 Million Financing Agreement Wednesday April 4, 9:00 am ET
NEW YORK, NY--(MARKET WIRE)--Apr 4, 2007 -- Cambridge Resources Corporation (Other OTC:CBRP.PK - News) today announced it has signed a financing agreement with a private investment group for a total of up to USD $25,800,000 which is composed of an initial $2,000,000 investment and a series of Warrants exercisable over a period of 60 months, whereby once exercised, represents a total investment of $25,800,000 into CBRP. ADVERTISEMENT
Cambridge Resources will immediately close the acquisition of American Pride Energy Inc. and its oil and gas properties independently valued at USD $409 million. The initial funding will be utilized to close the acquisition and enable the company to begin the work necessary to make operational four existing wells.
"This is a very significant time in our company's history; we are extremely pleased with our new financing partners and the agreed terms and conditions," said Tony Felitsky, President of Cambridge Resources Corporation. "We are going to immediately begin the re-entry and re-work of our existing wells, and start generating revenue and profits in the short term," further added Mr. Felitsky.
The company expects to release further information regarding the private investment group and the intended use of proceeds from the financing as the transaction advances towards the closing. The investment is subject to the completion of the due-diligence and is scheduled to close on or before June 28, 2007.
About American Pride Energy Inc.
American Pride Energy Inc. is an oil and gas junior producer located in Kansas City, where its properties have estimated 5,000,000 barrels of recoverable reserves, and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Contact: Alex Barta 514-991-2272 abarta*cambridgeresourcescorp.com
Posted by jdiddy on :
UP 25% .034PPS
Posted by jdiddy on :
they are bringing the price down on small amt. of shares for close..
looking for a nickel real soon
Posted by ZeroCool on :
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wtf
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