Cook Inlet appears to have been left alone after the Prudhoe Bay boom. This sucker has contracts up to 2010. I will sit on a few thousand of AKOL for a while.
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The land that Frontier Oil and Gas has is owned by the Fowler family. There is a fully documented reserve with an estimated 1.9 trillion cubic feet of gas. On the website they state that "Capital needed for the extraction and transportation of the oil will be internally generated by the gas revenue, and the ability to sell oil futures for physical delivery in 2-3 years." That area of AK has the only gas liquifier refinery in North America, which is used to turn gas into a liquid form shipped to Japan. There is a bidding for leases of property in Cook Inlet this May and I am guessing that is when we will know if they are winners.
Just a few thoughts and info I picked up while researching this company and AK Oil industry. Not meant to suggest anything.
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Less than 90 and Texas. And that is only the beginning of things that don't add up with this company.
I'm not trying to bash it. We've made some money on this stock and there is possibly more to be made. But this isn't going to the big boards, much less past a dollar. This is not an investment stock, it is a short player like most pennies. My opinion.
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Originally posted by trgamma2: 400%, nice number!
The land that Frontier Oil and Gas has is owned by the Fowler family. There is a fully documented reserve with an estimated 1.9 trillion cubic feet of gas. On the website they state that "Capital needed for the extraction and transportation of the oil will be internally generated by the gas revenue, and the ability to sell oil futures for physical delivery in 2-3 years." That area of AK has the only gas liquifier refinery in North America (as of 2000) , which is used to turn gas into a liquid form shipped to Japan. There is a bidding for leases of property in Cook Inlet this May and I am guessing that is when we will know if they are winners.
Just a few thoughts and info I picked up while researching this company and AK Oil industry. Not meant to suggest anything.
Had to make a change. LNG is catching on in the industry. It is probably unlikely that there is only one LNG Refinery in North America currently.
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I got in this 2 weeks ago cheap and sold out at .021 but bought back in this morning wishing I hadn`t dumped all of my holdings yesterday. lol I will hold for 3 weeks for now.
-------------------- easy come / easy go
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