posted
I've only read their most recent news, so far. Looks favorable from what I read but will need time to look at their history.
A twenty-three million dollar loan from Guaranty Bank indicates a decent credit rating. Very impressive oil and gas reserves, good hedging on oil and gas prices, American company working in Oklahoma, Texas and Kansas. They have made moves to refinance at better interest rates for subordinate loans.
I will continue my research today and tonight and let you know what I think. So far, nothing so negative as to scare me away.
Hey Tex, these boys are out of Midland. Gotta be some good boys with smarts!
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posted
Bingo, I am sure you are aware, just as Blue is, one of these days ALMI is going to explode.
I suspect Jacobson already knows he will be moving into the nano-tech industry. He did hint at this, the "sorter" possibly being set up at the mining site.
Additionally, he brought on board that Navy scientist who is a nano geek.
Some talk of setting up a nano lab at the mine.
Already a lot of equipment there and they are in full production. Another suspicion of mine is Jacobson is practicing his slow cautious approach to developing his business, which makes sense because he is careful to pay cash for just about everything.
In time, he will release news about nano-tech contracts, and ALMI will skyrocket.
I am thinking 3.00 to 4.00 per share when Jacobson finally gets "all" together.
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posted
have started to look into TDYH a bit, bingo. looks interesting.
a few negative things, for example - it's a pink sheet, i generally avoid but i do admit to owning 3 others at the moment, one in a fairly large amount, so i'm "breaking my own rule" there. and i tend to look with skepticism at "value in the ground reserves" type of stuff when it comes to oil companies.
anything in particular about the management, projects, that you like when it comes to TDYH?
would you guess that the share count is still about 22M o/s? i know hard to tell with a pinkie, but - just wondering.
will keep looking, is interesting. kind of odd too that it's been on a slow and steady downward drift, despite the steady upward drift up o+g. any ideas why?
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Gotta point out when you say, " these boys are out of Midland. Gotta be some good boys with smarts!", that that's a poor way to find "good boys with smarts". I certainly can't consider dubya either a good boy or a smart boy and he "supposedly" operated oil companies out of Midland.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
c'mon bdgee, dubya did fantastic with harken and aloha! perfected the art of drilling the dry hole, pocketed millions while harken tanked, borrowed $180k and then had it forgiven, made $848k on a single insider stock dump without having to ever file any SEC paperwork, innovated the use of offshore accounts to hide $ in, used daddy's influence left and right for personal gain. sounds like a "smart" boy to me!
anyone else would be in jail for SEC violations, it pays to have the right daddy to bail you out of any trouble you get into, and keep that pesky SEC at bay. particularly hilarious to think back to bush's downright *indignance* over some of the shady happenings on wall street. pot, meet kettle.
can anyone tell me why bush should not have gone to jail for his harken/aloha fraud? seriously, i mean it, i'd like to hear an argument from say charger about why he should not have gone to jail. the only reason he didn't is very clear: he had the right daddy.
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posted
btw charger, in your reply: don't forget to tell me your old standby of about how i should move to france and love it or leave it and all that. i'd be sorely disappointed if you left those nuggets out.
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Anyone that would tell you differently is either a fool and believes the lies or is one of the liars.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
Bingo, not a lot of information available for TDYH. There is something odd which does need to be clarified. I cannot find a reason for these wild swings in price.
Low 0.0500 (2/25/2005) High 7.7500 (4/7/2005)
Was there a reverse split back in April?
Current charts display a continuing downtrend.
No market makers for this stock.
I'll go over to I-hub to discover what is there.
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posted
Purl TDYH - entered the market with a "reverse merger" 500/1
Tandem Energy Corporation, incorporated as a "C" corporation in Colorado in 1992, is a solid, well established oil and gas exploration and production company located in Midland, Texas, currently in the business of producing oil and gas properties. New principals have agreed to join with the existing principals in taking the company to a higher level of capitalization through key additional acquisitions and development drilling.
A new holding company, Tandem Energy Holdings Inc., has been formed to make the acquisition and to acquire the other oil and gas properties described herein. Tandem Energy Holdings Inc. combines principal shareholders with over one hundred years of oil and gas experience. The combined efforts will create a synergized organization that will provide the expertise for significant asset appreciation through focused property exploitation. The acquired proven oil and gas properties hold significant upside potential through additional infill drilling and re-stimulation techniques. Acquisition of these properties offers three opportunities: 1) reasonable acquisition price using a combination of non-recourse bank financing and subordinated debt; 2) great upside production capabilities; and 3) increased opporunities with new drill sites available within the leased acreage (more than 25,000 acres).
These fields have either never been fully and efficiently exploited or have been partially depleted by ordinary methods. It should also be noted that several of the properties hold significant potential for secondary or tertiary recovery methods. Since the need for petroleum and natural gas reserves has increased, Tandem Energy believes now is the time to pursue this development. The Company will have the assets and technical expertise to leverage a development prgram into a very successful venture.
Tandem Energy anticipates the majority of wells will be developmental wells, which means a well drilled within the proven area of an oil or natural gas reservoir to the depth of stratigraphic horizon (that part of of a layer of rock with sufficient permeability and porosity to form a petroleumm reservior) known to be productive. Tandem Energy has selected its current drill sites by reviewing all available geological and production data for wells located near the proposed development. These include but are not limited to 2D and 3D seismic analysis, subsurface mapping, exploratory wells, well completion data, geologic surveys, production reports, interviews with drilling companies, pipeline operators, and competitors.
Upon funding, Tandem Energy plans on a three pronged approach to developing its properties: shallow natural gas, coal bed methane gas, and oil drilling. Tandem will be operating in Texas, New Mexico, Okalhoma, and Kansas. Tandem will continue its strategy of acquiring proven, long-life reserves for enhanced exploitation.
Upon funding, Tandem further plans on employing and industry standard of hedging 45-55% of future production at current prices, guarding against any commodity price reductions, in order to guarantee success of the planned development drilling program. However, as Tandem increases its reserves and cash flow, it will increase its debt facilities to fund additional drilling and acquisition without the need to raise additional equity.
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posted
For readers, here are clips from that report, which appears to have been published earlier this year. However, they quote a per barrel oil price of $40 per which seems out-of-date. Nonetheless, this report appears to have been produced sometime after April of this year.
BEGIN
Assuming completion of all announced acquisitions, the proved reserves estimated by the Company might be valued at more than $250 million on more than 31,000 leasehold acres, with proven producing oil and gas reserves of $51,986,272 (approximately 400 oil and gas wells) and proven undeveloped reserves of $200,637,180. Current annual production is reported as approximately $16 million (assuming oil prices of $40 per bbl and gas prices of $5 per mcf; Tandem’s average wellhead oil price for the month of March was $53 per barrel.).
Management has adopted a several-year goal of annually increasing production by 150%. It has drawn up a three-year drilling program that encompasses 250 new wells. The drilling and workover program is slated to begin this month, to complete 85 developmen wells on existing leases, with an additional 125 wells in 2006.
Tandem has released assumption-based revenue and EBITDA guidance through 2007 (http://www.collegestock.com/profiles/images/TandemEnergyTDYH.pdf). Based on an assumption set relating to energy pricing and other variables, and after completion of the drilling programs planned for each year, revenue could be $16 million in 2005, $46 million in 2006, and $72 million in 2007, with EBITDA of $0.5 million, $19.8 million and $42.5 million in those respective years. These estimates are based on oil prices of $40 per bbl and gas prices of $5 per mcf.
I bought a very small possition here since some very good DD investors (like PURL) are in this one and the upside is very high
Very Big risks/ very high rewards start.
From another board -
A) independent reserves audit close to being finished B)independent financial auditors reviewing the numbers C) TDYH is planning on getting off the pinks.
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Looks like TDYH share count should not go up alot since they are raising money this way -
==
Additionally, and in conjunction with the credit agreement with Guaranty, TEC has entered into certain commodity hedging transactions representing approximately 85% of the Company's estimated production over the next 42 months. The Company has hedged approximately 500,000 barrels of oil over the period utilizing costless collars with a floor of $40 per bbl and a ceiling of $67.10 per bbl. Similarly, the Company has hedged approximately 1.7 Bcf of gas over the same period with a floor of $6.00 per MMbtu and a ceiling of $9.10 per MMbtu.
management
projects
would you guess that the share count is still about 22M o/s? i know hard to tell with a pinkie, but - just wondering.
will keep looking, is interesting. kind of odd too that it's been on a slow and steady downward drift, despite the steady upward drift up o+g. any ideas why?
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posted
- Update The Company is pleased to announce that a permanent solution to the subordinated portion of the financing has been offered and accepted by management. This will complete the transaction between the Company and TEC/Shamrock. The note holders for TEC and Shamrock have agreed in principle to extend the term of their existing notes to 48 months. Consequently, the notes will become the subordinated debt facility bearing interest at prime. The final terms of these notes, once formalized, are expected to be more favorable to the Company than the terms available under a typical subordinated debt facility. The Company expects to save over $2 million annually in interest expense alone; money that can be used to reduce existing bank debt or to fund additional drilling operations. Todd Yocham, the president of Tandem Energy Holdings states, "This is excellent news for the Company and its shareholders. The savings generated will be significant, and the funding provided by Guaranty Bank and the new long-term notes will finalize the purchases we made earlier in the year. Now we can focus on our primary business, which is to exploit and develop our existing properties and to evaluate further acquisitions where they make strategic sense."
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Tandem Operations Update Tuesday August 2, 9:06 am ET
Tandem Energy Holdings, Inc. (OTC:TDYH), (the "Company") today announced that drilling operations should begin by mid-week on the Ira Unit located in Scurry County, Texas. The Company intends to drill five producing and two water injection wells utilizing a company owned drilling rig. The drilling program is part of a pilot project to determine the feasibility of a field wide infill drilling and water injection program. The Company will be targeting the San Andres formation at a total depth of approximately 1,850 feet. As previously reported, the Company has drilled two Coal Bed Methane gas wells in Montgomery County, Kansas. Completion operations are currently underway.
The Company has also reported its estimated current net daily production and its third quarter estimate of production volumes. Current net daily production is approximately 615 barrels per day of oil and 2,500 Mcf per day of natural gas. This would approximate 1,032 barrels of oil equivalent (BOE's) each day. The following table reflects our estimate of net production volumes for the third quarter, 2005. (excluding production from new wells)
This forecast is an estimate and subject to a number of uncontrollable factors such as weather and mechanical problems. If actual production varies materially from these estimates, we will appropriately inform the public.
Financially, the Company has retained the services of Williamson Petroleum Consultants, PC, in Midland, Texas for the purpose of conducting the Company's independent reserve evaluation in conjunction with it's SEC registration statement. The Company has set a target date of the fourth quarter, 2005 to file a registration statement with the goal of registering its shares of stock with the SEC and to become a full reporting entity. Depending on the review process with the SEC, the Company hopes to be effective during the first half of 2006.
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posted
bingo i agree that you have exactly the right idea here - looks like probably a worthwhile speculation for a *small* amount. i always look at stocks in terms of risk/reward propositions, and definitely both risk and reward potential look high with TDYH. *all* pinks are really risky, if you ask me, i *really* have to like a pinkie before i'll buy even a little. but, the risk/reward curve does look pretty good to me for a small speculation amount. with stocks like these say if i'm bullish on oil+gas, what i typically do is take 5 small speculative positions in TDYH, DVPC, CZEKF, and a few others; and hope that one hits it big.
quote:Originally posted by bingo2005: blue --
Your concerns - are also mine
I bought a very small possition here since some very good DD investors (like PURL) are in this one and the upside is very high
Tandem Operations Update Wednesday September 7, 9:00 am ET
MIDLAND, Texas--(BUSINESS WIRE)--Sept. 7, 2005--Tandem Energy Holdings Inc. (OTC:TDYH - News; the "Company") today announced that current net daily production is approximately 625 barrels of oil and 2,600 Mcf of natural gas. This would approximate 1,058 barrels of oil equivalent each day. Below is a summary of significant operations by area. ADVERTISEMENT
IRA UNIT, Scurry County, Texas -- The Company has drilled and is currently completing the first well of a seven well pilot drilling program targeting the San Andres formation at 1,850 feet. The initial well is producing 20 gross barrels of oil per day and 55 barrels of water. A planned fracture stimulation should further enhance production capabilities. The Ira Unit consists of almost 3,600 acres, wherein the Company is utilizing its own drilling and completion rigs.
BALL LEASE, Palo Pinto County, Texas -- The Company has recently performed several workovers which have increased gross gas production by approximately 350 Mcf per day since the property's purchase in March, 2005. The Company has also staked four new drill locations that will target natural gas in several formations, the deepest of which is the Barnett Shale at 3,800 feet. The Company's leasehold position in Palo Pinto County consists of approximately 4,900 acres.
MONTGOMERY COUNTY, Kansas -- As earlier reported, the Company has drilled and completed two coal bed methane (CBM) wells at 1,400 feet. The initial gas production rates from these wells have been disappointing and appear to be marginally economic to produce. At this time, the company is re-evaluating its CBM potential and will either drill several more tests on existing leasehold or divest the properties.
TOMBALL LEASE, Harris County, Texas -- The Company has completed production modifications and a single workover which have resulted in a gross 40 barrels of oil per day increase since the field was purchased by the Company in March, 2005. Within the field, the Company has identified as many as three proved undeveloped locations in the Upper Wilcox formation at a depth of approximately 9,000 feet. The Company may decide to find an industry partner to share the risk and the cost to drill these wells. The timing of the drilling will depend on the selection of a partner and the availability of drilling equipment.
Shortages of drilling rigs, equipment, supplies or personnel may increase drilling costs and may delay or restrict drilling and workover operations. In order to mitigate these conditions, the Company has formed a new wholly owned drilling subsidiary, Mixon Drilling Company (Mixon), which will own and operate two drilling rigs for the Company. Currently, the Company owns a rig capable of drilling 4,500 feet, which is drilling on the Ira Unit, and a definitive agreement has been signed to purchase a second rig which should be drilling on the Ball lease late in the third quarter. The purchase of this second rig, capable of drilling 6,000 feet, should occur late this week. Both of the rig purchases are being funded out of cash flow. When Mixon is not drilling for the Company, the rigs may be made available to other operators at rates commensurate with industry standards.
The Company has experienced no production or delivery disruptions due to hurricane Katrina. In an effort to do our small part, the Company has contributed $10,000 through the Permian Basin Petroleum Association to aid in the ongoing recovery efforts along the Gulf coast.
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posted
nice play, bingo! had a small order out for this one but guess i dawdled too long/went too low, up to 2.10 now. anyway, nice pick!
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posted
bought a little bit at $3 today bingo, added to my "pile" of other small o+g speculations in stocks like DVPC.
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Tandem Energy Provides Reserves and Operations Update Tuesday November 8, 9:00 am ET
MIDLAND, Texas--(BUSINESS WIRE)--Nov. 8, 2005--Tandem Energy Holdings Inc. (OTC:TDYH - News; the "Company"), an independent energy exploration and development company, today announced the completion of its independent engineering reserve report as of September 30, 2005. The report was issued using NYMEX prices effective September 30, 2005, as required by the Securities and Exchange Commission (SEC). According to the independent engineering firm of Williamson Petroleum Consultants, Inc., total proved reserves as of September 30, 2005 approximated 8.8 million barrels of oil equivalent (MBOEs), of which 34% is classified as proved developed producing. Future net revenue discounted per annum at 10% (PV10) approximates $230.8 million. The report is summarized below
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