posted
Been a long time SVSE holder. After seeing FDEI's Pres takes a hike, bet he made a pretty penny, and throwing in the towel on Hildalgo, I jumped in a few shares, since the share price is down and they still have North Franklin and Joarcam. Comanche will take a little more work then first hoped. Hopefully they get somebody in there that gives a ####, and not just some friend of the family.
Posts: 46 | From: CA | Registered: Dec 2004
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posted
They really need some positive News right now,In any case the RSI is down so this could bounce back nicely.GL.
Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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Fidelis Updates 'Archer-Whitney #1' Production Thursday June 2, 9:00 am ET
TUCSON, Ariz.--(BUSINESS WIRE)--June 2, 2005--Fidelis Energy Inc. (OTCBB: FDEI - News) today announced the April and May 2005 production totals for the "Archer-Whitney #1" well and updated operations at North Franklin. Since full production began on March 23 to the most recent data received by the company on May 31, the "Archer-Whitney #1" well has produced 98.5 Mmcf gas in 70 days at an average rate of 1.41 Mmcf per day. Total production to date has generated $591,000 to the partners. Production by month has been 13.5 Mmcf in nine days of March, 41.2 Mmcf for April and 43.8 Mmcf for May.
The operator of the project had intended to increase the flow rate to 2.5-3.0 Mmcf per day, but has maintained a choked-back gas flow since the onset of production, only increasing the gas flow in small increments. The latest project update at the well is that, under advice from the operator, the gas flow will remain choked back to between 1.75 Mmcf and 2.0 Mmcf per day until the second well is drilled and completed. As reported earlier, Fidelis anticipates a spud date to be announced shortly in June. With more information provided from the second well, this will provide important geological reservoir data and confidence that detriment will not be done to the reservoir prior to opening up the well to its fullest capacity. North Franklin is a new reservoir discovery and time will be required to evaluate the full potential of the gas field. Fidelis Energy expects that, in time, production rates will meet original expectations of 4-5 Mmcf per day.
The well is currently producing between 1.5-1.6 Mmcf per day from the latest numbers received by Fidelis. The operator's advice to the company is to be prudently cautious in these early production days. We have been advised not to be overzealous in rapidly increasing the flow rates to maintain the integrity of the gas-charged sand to prevent the unlikely possibility of coning the reservoir and potentially drawing in excess condensate. Fidelis intends to announce gas production totals and rates on a monthly basis, or more frequently when warranted.
About Fidelis Energy Inc.
Based in Tucson, Ariz., Fidelis Energy is an oil and gas company dedicated to solving North America's complex energy problems. Fidelis Energy identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in California, Canada, and other promising locales that do not meet the requirements of larger producers and developers. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and underutilized projects, as it pursues oil and gas production throughout North America.
-------------------- Greedy Because I'm Broke!! Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
Here was the News from the Closed Thread concerning merge.
Fidelis Enters into Amalgamation Discussions with Silver Star Wednesday May 25, 4:36 pm ET
TUCSON, Ariz.--(BUSINESS WIRE)--May 25, 2005--Fidelis Energy Inc. (OTCBB: FDEI - News) today announces that the company has begun discussions with Silver Star Energy Inc. regarding the possible future amalgamation of the two companies. Fidelis and Silver Star currently have common working interests in various oil and gas projects, and the amalgamation of these interests would provide a larger and stronger entity for future growth. Oil and gas sector growth occurs by either merger or "growth by the drill bit" and Fidelis is positioning itself to consider both these options.
The proposed amalgamation would combine all assets of both oil and gas companies into one entity, which would then have in the portfolio a combined working interest in five projects, these being North Franklin, Joarcam, Comanche Point, Evi and Verdigris Lake. The recent management changes of Fidelis have brought new strength of both corporate and oil and gas expertise, and Fidelis has approached Silver Star with this proposal.
-------------------- Greedy Because I'm Broke!! Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
Looks to me it's a great time to buy! Strong new management and a huge increase in production will sure drive this stock past $1.00 within the coming weeks. Best of all it's only $.40 right now.
Posts: 4 | Registered: Jun 2005
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posted
MACD has crossed,RSI again @ 33;so I believe this should be at bottom now,also with the merger coming up...well you know what this should do!GLA.
-------------------- Greedy Because I'm Broke!! Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
momentum will continue , reaching new high @ .85 - watch for further momentum over .40 next week....will keep cranking right up to the JUNE 30 DEADLINE, Get in while u can!!
Posts: 4 | Registered: Jun 2005
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Fidelis to Spud Archer-Wildlands #1 Well at North Franklin Monday June 20, 9:01 am ET
TUCSON, Ariz.--(BUSINESS WIRE)--June 20, 2005--Fidelis Energy, Inc. (OTCBB:FDEI - News), today is pleased to announce that the Company is preparing to spud the "Archer-Wildlands #1" well at the North Franklin Project in the Sacramento Basin of California. This is the next gas well to be drilled under the overall development plan for the North Franklin Project. The well location is an offset to the "Archer-Whitney #1" well that has been in production since March 2005. The drilling rig is currently being mobilized to the North Franklin site. After rig up, it is anticipated that drilling to the 8,000 foot depth should take 8-10 days following which, the well will be completed and tied-in to the pipeline. Fidelis anticipates a spud date of the well to be on June 21 or 22.
Fidelis receives PGE-Citygate gas pricing from North Franklin production, which today is in the $6.30 per Mcf range. NYMEX natural gas futures have risen to between $7.00 and $8.88 for 2005-2006 giving Fidelis an indication of what future gas production revenue may be during the upcoming months. The Sacramento Basin is a major gas producing area located in northern California. In 2002, the region produced 81 billion cubic feet of gas from 83 fields and more than 1,000 producing wells. The North Franklin gas discovery and reservoir is a new gas field that Fidelis and partners are developing under the 2005 plan. Ultimately, 6 gas wells are to be drilled in the Winters formation plus the planned Deep F Zone (Forbes) test planned for Q4.
-------------------- Greedy Because I'm Broke!! Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
Doesn't look oversold to me.. just slightly above oversold.. as for candlesticks itself.. it's a classic "HAMMER" for those who are into candlesticks.. which is a Bullish reversal signal... look for this one to reverse itself and start a uptrend in the next two trading days... just need the volume to increase but all other indicators are positive for a uptrend except the volume.. and the way Thursday and Friday as been for the market.. i can see monday being a increase in buying for this stock in terms of volume... you still in SVSE Hitme? .... went up slightly today..
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
Yeah Mach,doing OK in SVSE lot of in & outs,FDEI i've averaged down some,ready for it to start bouncing like it used to;just a matter of time it seems.
-------------------- Greedy Because I'm Broke!! Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
you should explore candlesticks Hit.... it gives you trend reversal signals... if interested explore the website www.candlecharts.com and consider getting the book The Candlestick Course by Steve Nison.. candlesticks will save and make you a penny or two ...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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''Archer-Wildlands #1'' Well Drilling Ahead at North Franklin Monday June 27, 9:00 am ET
TUCSON, Ariz.--(BUSINESS WIRE)--June 27, 2005--Fidelis Energy, Inc. (OTCBB:FDEI - News), today announces that the "Archer-Wildlands #1" well has spudded and is drilling ahead at the North Franklin Project, Sacramento Basin of California. The well was spudded on June 25th is a close offset to the "Archer-Whitney #1" well that has been in production since March 2005. This is the second gas well to be drilled in the North Franklin gas reservoir under the 2005 development plan. The Company is optimistic that the Winters sand gas pay zone will be thicker at this location than the "Archer-Whitney #1" well, based on 2D seismic and geological mapping of the formation. Drilling to the 8,000 foot depth should take 8-10 days following which the well will be completed and tied-in to the pipeline. Fidelis receives PG&E-Citygate gas prices for sales and was last quoted June 22 at $6.72 per mcf.
Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
any news about SVSE... difficult for me to keep up with the news lately because im working alot of hours lately... i have my stop/losses in just in case...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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