3 @ .0006
7 @ .0005
2 @ .0003
2 @ .0001

ASK

-chuck

quote:

---

Originally posted by mondayschild:
On alphatrade it has

BID

3 @ .0006
7 @ .0005
2 @ .0003
2 @ .0001

ASK

6 @ .0008
2 @ .0009
3 @ .0010
1 @ .02
1 @ 1.01
1 @ 2.00

---

Thanks, USCI...

It's difficult sometimes to get an order filled @ .0006. I had an order in for over a week and it wouldn't fill at that level, and I know it traded even lower than that. I got my order filled @ .0007 and have been sitting on this one like a hen for over a month now. I don't know if anyone considered that last little spike a run, but I didn't. It happened about 2-3 weeks ago. Now, I'm still waiting, very impatiently for a REAL run on this one. Even though it frustrates me, I would rather hold it than give it away to one of those greedy MM a$$ monkeys.

Janie

-chuck

quote:

---

Originally posted by mondayschild:
Chuck,

It's difficult sometimes to get an order filled @ .0006. I had an order in for over a week and it wouldn't fill at that level, and I know it traded even lower than that. I got my order filled @ .0007 and have been sitting on this one like a hen for over a month now. I don't know if anyone considered that last little spike a run, but I didn't. It happened about 2-3 weeks ago. Now, I'm still waiting, very impatiently for a REAL run on this one. Even though it frustrates me, I would rather hold it than give it away to one of those greedy MM a$$ monkeys.

Janie

---

That is my sell order also. Like you I have a day job and can't always watch the market daily. GLTA. Hopefully soon it will make a good run.

Janie

First open this version of a USCI chart in a new window: http://stockcharts.com/def/servlet/SC.w...20]&pref=G

You need 5 things to verify a falling wedge: prior trend, upper resistence line, lower support line, convergence of the two lines and strength.

1) First you can see a prior down trend
2) Obvious upper resistence line formed with 3 successive lower peaks.
3) There is actually a lower support line that has been formed by 3 successive lower lows (end of January, beginning of March, beginning of April)
4) The upper resistence line and lower support line are converging over the past 4 months since the trend started (allbeit subtle). The lows are very shallow indicating that demand is stepping almost immediately after a new low is recorded. Anyone who watches this stock knows that to be true. When it hits 0007 or 0006 huge volume of buys.
5) IF we see a resistence break of 0014 you will know that I am right. The upper indicator shows positive divergence in the PPO all while the wedge was descending, very good indicator that a reversal could happen soon. Furthermore unprecedented money flow confirms there is strength. Also, we have been seeing pretty consistent 100+ million volume days which is an essential ingredient to confirm a falling wedge breakout.

OK, now that I have established the falling wedge theory. Lets look at some more obvious indicators that we all pretty much know and love:
http://stockcharts.com/def/servlet/SC.w...,9]&pref=G

He re you can see 4 important things.
1) An obvious Stochastic that is heading past 50 (60 is the magic number if the MACD is diverging past 0)
2) The MACD is diverging past 0 (see point #1)
3) The bollingers have been narrowing for a few weeks and the stock price has been flirting with the upper band as of late.
4) This stock 'could' pass it's 50 day moving average any day now and probably will.

So, for now that's what I have to dd this stock. I know we see weird things from pennies but every stock (even pinks) exist in a world bound by rules, which even when broken, fit into patterns. And of course trust your dd.

Currently we know that USCI has 2 confirmed clients; Pacific Energy Resources Ltd (http://www.pceresources.com/index.asp not much up yet but very pretty) and Benaissa Oil Inc. (http://www.benaissaoil.net/pages/1/index.htm).

Article 1: http://bigcharts.marketwatch.com/news/a...id=1545987

We can see from the Pacific Energy Resources article that USCI has sold them 2 systems already and there have been rumors that a third deal was in the works from last fall. The exact date of the announced sale of the 2nd rig was November 10th. The pr was released by USCI. On November 26th, Pacific Energy Resources release a pr talking about their 3 step phase for 5 new wells.
“Pacific Energy's current redevelopment strategy is as follows:
- Drilling and completion of new oil wells, strategically located within
the lease;
- Implement selective water injection to enhance production levels;
- Work-over of existing wells to optimize recovery.
The Company's progress to date has confirmed the presence of significant remaining recoverable by-passed oil. This was highlighted earlier this year by two redevelopment oil wells, which increased nominal well production more than five-fold and increased overall lease production by 26%. Strategic selective water injection is being implemented to enhance the production of both existing and future wells on this lease. And lastly, systematic upgrading of the existing wells will not only improve flow-rates, but also optimize the operations and their costs.”

Basically, this pr is saying 2 things. One, that the water injection system Pacific has recently implemented (USCI sale #1) has increased well production by more than 5 fold and overall lease production by 26%. Very good news for the usability, success and marketing of USCI technology. Now, the 2nd thing to take from this pr is that Pacific Energy is going to use the new rig in their new redevelopment strategy which has been moving successfully based on their latest pr:

“LONG BEACH, CA, Feb. 11 /CNW/ - The Company is pleased to announce that well N1C 224B has been drilled to 3,850 feet in the northern part of the Pico Lease. The well logged a total net oil pay in excess of 180 feet in the F and X series reservoirs. 30 sidewall cores were also shot over the whole hydrocarbon-bearing section between 3,807 and 3,171 feet and submitted to Corelab's laboratory in Bakersfield for permeability, porosity, fluid saturation and laser particle size determinations. These measurements were performed to provide modern calibration for further quantitative reservoir modeling of the field.
The oil saturations measured in the samples were confirmed by the completed oil well's performance, which is presently producing between 50 and 60 net barrels of oil per day. The well was drilled and completed under budget. The Company believes that N1C-224B's performance should be fairly typical behavior for all new wells before reaching their full potential, notably when it will benefit from the planned water injection's pressure support. The recently drilled A-2C well is currently being completed and expected to provide additional oil production in the coming weeks.
These wells represent the first phase of the Company's redevelopment strategy of drilling a further 30 oil producers and water injectors within the Wilmington field”

First, the ‘full potential’ is reached through the use of USCI's water injection rigs and the results were forshadowed in the second to latest pr in which is stated:

“Cumulative oil production to-date from the Wilmington Leases is 37.4 million barrels, which represents 22% of the Oil-In-Place. The proved oil reserves which are still recoverable are confirmed to be in excess of 9.8 million barrels; of these, 1.2 million barrels are developed and producing, and 8.6 million barrels are undeveloped. They will bring the cumulative production to 28% of the Oil-In-Place The Company considers this recovery factor as conservative for its redevelopment strategy. Oil companies such as THUMS (Texaco, Humble, Union Oil, Mobile, Shell) and Tidelands, which operate the adjacent and geologically contiguous leases, have recovered to- date between 30% and more than 40% of their Oil-In-Place to-date, and are still producing from the same oil reservoirs as Pacific Energy Resources.
The Net Present Value of these recoverable proved reserves, after deducting royalties and interests owned by others, has increased by 9% to $47.4 million US dollars at a 10% discount rate (32.6 million dollars at a 15% discount rate). Future prices were estimated using guidelines established by the Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). Pacific Energy Resources Ltd.'s share is 25%. The Company will make the complete appraisal report available, upon request, under electronic or hard copy form. The above information serves as a limited introduction, and only the report in its entirety reflects De Golyer and Mac Naughton's comprehensive valuation.”

GREAT DD. HOPE YOU ARE RIGHT. HOLDING LOTS.

DID NOT EVER GET .0005.

WHEN IT RUNS I WILL BE READY. LOL

mamboking
Member posted April 22, 2004 00:57
-----------------------------------
I keep loading this is going to b big.
first was QBID
then was GFYF
yesterday was GWDL
next (soon) USCI
==========
GLA

mamboking
Member posted April 22, 2004 00:57
-----------------------------------
I keep loading this is going to b big.
first was QBID
then was GFYF
yesterday was GWDL
next (soon) USCI
==========
GLA

So, I was digging through some old Redlands, CA online news archives and I stumbled on an article from Oct. 2002 regarding USCI that I've never read before or seen from any other BB (AND trust me, in the past 3 months I have searched high and low and everywhere in between for info on USCI). Anyway, the article identified a 3rd 'confirmed' client, actually partner, of USCI. Allied Energy Corp. out of West Virginia. Below is the article and the link to the article is further down if you want to see if first hand:

REDLANDS, Calif.--(BUSINESS WIRE)--Oct. 10, 2002

United States Crude International Inc. (USCU) today announced that the company is entering into a venture with Allied Energy Corp., a West Virginia oil and gas company, to produce oil from orphaned, low producing and stripper wells in the state.

Allied Energy currently has 119 wells in the region and is a well-respected oil and gas producer with an excellent reputation with local and state officials. Allied CEO Jon M. Makeever's goal is to be selective and acquire many of the best available wells in the state to harvest significant oil remaining in formations even after prior production efforts.

Makeever noted: "There is as much as 80% to 90% of the original oil and gas left in these formations by the previous owners. Many of the wells were abandoned when oil prices fell to historically low levels. At today's prices, these wells can be extremely profitable.

"Adding steam and gas injection to the equation provides energy to the oil wells, bringing them back to life, which results in profitable oil production."

USCU President, Anthony K. Miller, commented: "This is a tremendous opportunity for both companies. Our technology provides the means for Allied to produce their oil and also provides USCU with another market for its technology. USCU will also share in revenue produced by the joint recovery efforts. As greater milestones are met during this relationship, those details will be released."

The Company

United States Crude International is an oil technology and production company with more than hundreds of fully equipped oil and natural gas wells. In addition, USCR will market patented and patent-pending technologies used to rekindle marginally producing wells to profitable levels. The company holds the license and the rights to market the TM-96 Series Portable Steam Generators, the TM-98 Portable Gas Repressurizing System and the TM-9 Deep Steam System. These units, used separately or in conjunction with each other, provide pressure needed to drive oil through a ground formation and improve the free flow of crude oil.

Although major oil companies have used steam and gas technologies for years, the TM series technologies provide a portability and low cost of operation not previously available. For more information visit the company's Web site at www.uscrude.com.

COPYRIGHT 2002 Business Wire
COPYRIGHT 2002 Gale Group
http://www.findarticles.com/cf_dls/m0EI...icle.jhtml

So , being that I've never read of this relationship in any other pr I decided to do some background checking on Allied Energy Corp. and I am a little sketchy about whether they still exist and this is why.

1) Con/Pro, I cant find them in the West Virginia phone book but I can find them in a secondary directory (http://www.portalwestvirginia.com/default.asp?info=search&SearchType=I nfoSheet&SearchString=63268)
2) Pro, I called the number and the CEO Jon M. Makeever voicemail picks up.
3) Con/Pro, Since they owned 119 wells in the WV region in 2002 they probably still own them in 2004 (a reasonable guess since they were already an established as a oil and gas producer)

I've always noticed that the day before a big run was always a slow trading day. I think because the sellers are all gone and the buyers are waiting for it to move. Could tomorrow be 'that' big run. We'll see. I think so.
FS

The last run was a Friday so lets hope today is the day. We are due.

I know that most of us aren’t in this stock for our retirement fund but at least this could ease fears for the new investor/swing trader.

So, do you worry that USCI no longer exists? That you’ll lose your investment?

I don’t and here is why. First, their last PR’s, 5 to be exact, were from November of 2003 which was only 5 short months ago and their headlines were this:

“Video footage of TM-96 Generator in the Oil Field”

“US Crude retains marketing firm to market portable steam generator”

“US Crude’s president featured on MacReport.net”

This sounds like a company who has been busy for the past 5 months with marketing and pushing their generator technology.

Second, from an article from 1998 (yeah I know it’s old but follow me anyway).
http://www.findarticles.com/cf_dls/m0EIN/1998_Dec_16/53415019/p1/article.jhtml

The key here is the headline:
“U.S. Crude Ltd.'s Recoverable Assets Certified by Independent Geologist at $355 Million; Company Positions Itself for the Future Through Property Acquisition and Product Sales.”

All right, here is where it gets interesting. And follow my math very carefully. In 1998 a barrel of crude oil was at it’s lowest in 25 years and has since been at it’s highest in 20 years. In 1998 a barrel of crude sold around $15/ppb (http://www.wtrg.com/oil_graphs/oilprice1947.gif) today a barrel of crude sells for $32/ppb (http://www.bloomberg.com/energy/). From the article the geologist stated that the company has an estimated remaining oil in place of 67+ million barrels of oil. Using a recovery factor of 50% (much less than the 80% that USCI has been proven to extract from their wells) they gave them an estimated worth of $355 million. Now, even if over the past 6 years USCI has extracted half of the oil in place (which I don’t believe they have even come close to) the price per barrel has doubled since 1998 (from $15 ppb to $30 ppb) which would bring their net worth back up to $355 million. NOW, if they have only marginally extracted oil from their over 300 wells (321 at time of article but has since purchased more) then their net worth would actually be more like $600 million. AND, if they can extract upwards to 80% of the oil in place then their net assets would be worth almost $1 billion dollars (THAT’S HARD TO BELIEVE BUT TRUE) Likewise, as I said in the parenthesis, since Dec of 1998 USCI has added more wells and more leases to their inventory. SEE ARTICLES BELOW: http://www.findarticles.com/cf_dls/m0EIN/2001_March_6/71260947/p1/article.jhtml
http://www.findarticles.com/cf_dls/m0EIN/2001_March_21/71955905/p1/article.jhtml
http://www.findarticles.com/cf_dls/m4PRN/1998_July_12/20893519/p1/article.jhtml
http://www.findarticles.com/cf_dls/m0EIN/2001_July_24/76729115/p1/article.jhtml
http://www.findarticles.com/cf_dls/m0EIN/2000_Oct_24/66310725/p1/article.jhtml

If you read the company statement at the bottom of each PR you can see:
“U.S. Crude is an oil technology and production company with more than 300 fully equipped oil and natural gas wells on 8,780 acres of land in several states. The company's long-term goal is to acquire 10,000 oil and gas wells over the next eight years”

That even the property value alone 8780 acres X a marginal $5000 per acre = $43,900,000 in assets on top of the proposed minimum $355 million in oil reserves. So, for the swing trader that is worried about this stock rebounding, don’t, I think that regardless of the lack of PR we are going to be very happy with this stock over the next few months and that we always have to keep in mind that the shortage of oil we are continually facing only increases the value of USCI and it’s stock.

So, why, if they could be worth somewhere in the $600-$800 million dollar range are they still a pinksheet stock trading at 0007? GOOD QUESTION! And here is why.

3 reasons; First, the company diluted their stock back in August to about 1.5 billion outstanding shares. This lost a lot of investors and hurt their reputation. Second, USCI has had a long standing agreement from the US Department of Agriculture to obtain up to $4.86 million dollars in loan financing that, until this day, has not been determined if the loan ever went through. I have seen the $4.86 loan program referred to in multiple articles over 2 years from USCI (http://www.findarticles.com/cf_dls/m0EIN/2000_Sept_25/65456918/p1/article.jhtml). My guess is that they haven’t taken the loan yet, but still have the agreement, because of reason number 3. Third, through all my dd on this stock I have come across a number of partnerships and clients that have purchased equipment from USCI or have partner relationships on leased oil lands, from Delaware, West Virginia, Florida, California, and more. Some of these companies I have been able to identify as still existing and still using USCI Steam generators (see some of my previous dd), others I have not. My opinion is that during the past 3 years, those partners have since presumably gone out of business, causing USCI to resort to registering more stock to cover costs (reason #1) to still move forward with their initiatives and to forgo borrowing the $4.86 million dollars (reason #2) because, at the time, they saw a trend of their business partners going bankrupt. One reason for all those companies went out of business is that, from the first article explanation above, at the time (late 1990’s) the price per barrel was at it’s lowest in 25 years, when that happens companies who survive by extracting oil from marginally producing wells can’t afford to exists (that is why the wells were left abandoned in the first place for these companies to acquire them so cheaply). Since then we are seeing the highest price per barrel in 20 years so do you think that those companies may crop up again? Do you think that those relationships with USCI will re-form? I am betting on it. When you can get $33 per barrel, a well which may still have 10 million barrels in place but can’t be produced through cheap methods becomes attractive again. Keep your eyes and ears out. Just my humble opinion.

Thanks for reading,