posted
SVSE...(at lows right now;needs attention)It's not pennyland,so you'll need a few to invest in.
Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
I guess CYBT could be looked at as an oil play too.
PRESS RELEASE: Cybertel Communications Core Energy´s Reserves Valued At $11,700,000; Core´s Leases Valued in Reserve Report
SAN DIEGO--(BUSINESS WIRE)--Feb. 28, 2005--Cybertel Capital Corporation (OTCBB:CYBT) announced today that its subsidiary, Core Energy most recent Reserve Report prepared by Pacific Geotechnical Associates shows proved developed and proved undeveloped reserves to be valued at $11,764,242. The valuation is based on Core receiving $31 per barrel for its delivered production. In New York Mercantile Exchange Trading, benchmark light, sweet crude oil for April delivery increased to $51.39 a barrel.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
all the oils should move again tomorrow papo, aipn, tnog, omog, akol.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by Cashmaker: What about Alaskan oil companies...are there any cheap oil companies looking to drill in Alaska.
I know it doesn't fit on this board anymore, though it did when I bought it off DaDog's suggestion, but APXR is a great company with lots of oil prospects. The bill passed yesterday allowing drilling in Alaska should eventually mean huge profits for APXR.
sorry if this news is elsewhere --------
SALT LAKE CITY--(BUSINESS WIRE)--March 16, 2005-- Apex Resources Group Inc. (OTCBB: APXR - News), today reported on news from Bloomberg.com that indicated the attempt to block a proposal in a U.S.$2.6 trillion 2006 budget bill that would allow Exxon Mobil Corp. and other companies to drill for oil in the 19 million acre Alaskan Arctic National Wildlife Refuge has failed. ADVERTISEMENT
The proposal would allow the government to sell oil and gas leases in part of the Arctic National Wildlife Refuge. The proposal anticipates lease revenue of U.S. $2.5 billion.
The U.S. Department of the Interior says the federal government's share of the lease revenue will be U.S.$1.2 billion in 2007. Total lease revenue in the Arctic National Wildlife Refuge would be split evenly between the federal treasury and the state of Alaska.
"The urgency to exploit sources of domestic fuel and allow oil companies to commence drilling in this oil and gas rich area is very apparent. Although much debate arises during times of change - there is one consistent catalyst for that change - the need to bring oil and gas to the lower 48 states as other alternatives of this magnitude are non-existent," stated John Hickey, Director.
In June 1997, Apex Resources Group purchased a 3.745% working interest in the Itiyok 1-27 Well in the Beaufort Sea, which was drilled in 1983. A review of the Well data and geological prognosis indicates that a 640 acre area would contain proven recoverable gas reserves of 108 Bscf and proven recoverable oil reserves of 8,976 MSTB working interest net reserves of 4.04 Bscf and 336 MSTB. Seismic data indicates a structure closure of approximately 40 square KM with a gross potential reserve of 1.16 TCF and 160 MMSTB (working interest net - 34 Bscf and 4.7 MMSTB). The lands in which the Apex Resources Group Inc. owns an interest comprise of 21.54 square KM containing gross potential reserves of 625 Bscf of gas and 86 MMSTB of oil (working interest 23.4 Bscf of gas and 3.2 MMSTB of oil).
With oil in the US$55.00 per barrel range and gas over US$7.00 per 1,000 cubic feet, Apex interest in proven reserves would be 45 US Million Dollars and with an additional potential to be drilled out would represent 323 US Million Dollars.
Apex Petroleum Division Texas Update
Apex has been informed by PB Energy Partners that the drilling is continuing on the JB Henry Dome #1 Well in McMullen County, Texas. Apex owns a 2.5% working interest.
This is a re-entry of an existing producing well and the plan is to drill to depths approximately 10,500 feet and horizontal for 1,500 feet. As of this date, the driller has reached the target depth of cutting a hole in the casing two miles down. They can now go back and forth through the opening. The next step involves gently making the turn prior to going lateral. This will take a few days to complete. The drill time should occur over the next week and will be followed by the completion and testing operations. It is expected that testing should be completed by late March. Further update will be released as work continues. If the well is commercial, Apex would receive US$7,500.00 per month for every one million cubic feet of gas production. The Engineers estimate we could hit as high as 3 to 5 million cubic feet of gas per day.
Plaquemines Parish, Louisiana Well Update
The operator (Royal "T" Oil) has turned over their interest in the Plaquemines Parish, Bastian Bay Well #16152 to Imperial Petroleum Inc. Imperial is preparing to do a work over of the Well at a cost of US$906,800.00 as outlined in the current cash call.
The participants in the Well were given a choice of proceeding and pay the additional funds or going on a non-consent situation in which each participant will give up half the net working interest after Imperial has recouped their expenditures. Board of The Management and Apex has agreed to go non-consent to a further expenditure at this time and reduce its 6.25% to 3.125% net revenue interest.
Based on gas prices in the US$7.00 range and an estimated daily gas flow of 1.5 million cubic feet, it is anticipated the Imperial would recover its expenditures within 8 months and Apex would start receiving revenue of approximately US$8000.00 per month for the life of the Well.
Apex Land Division Update
In 2004 Apex signed Purchase Agreements for two recreational lots at Cowichan Lake, in South Central Vancouver Island, British Columbia. These prime view properties are located at Upper Point Ideal Road. The lots are CA$125,000 for Lot 4 and CA$120,000 for Lot 2
Lot 2 is .81 acres in area and Lot 4 is 1.05 acres in area. The Agreements were for CA$10,000.00 deposit on signing.
The closing date for Lot 2 is March 15, 2005 at a cost of $42,165.06. The closing on Lot 4 was on January 21, 2005 and a further payment of CA$39,015.44 was made that included CA$30,000.00 balance of down payment and CA$9,015.44 for Title Transfer, Goods and Services Tax and accountant fees.
This purchase is in addition to the large acreage ocean front lots with houses that Apex owns at the Abbecombec Ocean Village Resort on the shores of Clam Bay, 40 miles east of Halifax. Also, Apex properties include 40 acres of land at Woodland Valley Ranch in Apache County, Arizona and 75 acres of land at Elk Valley Ranch which is also located in Apache County, Arizona. Apex Land Division will continue to search for value added properties for investment purposes.
"Certainly Apex is well positioned for growth with both its land holdings and petroleum interests", stated John M. Hickey, Director.
Posts: 41 | From: Los Angeles, CA, USA | Registered: Sep 2004
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posted
renrob....you can go back through this thread, there have been some good suggestions. Right now a couple of the pinks are hot AKOL for one....if you don't mind trading pink sheets. For me there are plenty on the BB.
-------------------- Jimmy Posts: 18 | From: albuquerque | Registered: Mar 2005
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posted
Hey Rob, TNOG seems to be making a bit of a run this morning. I think it opened at .0045, dipped a minute and now is sitting at .0066
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
With all this oil price increase, all these smaller company's should be putting out some kind of PR's and taking advantage of the news. Most of these could really run!
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
With all this oil price increase, all these smaller company's should be putting out some kind of PR's and taking advantage of the news. Most of these could really run!
I'll bet some of them are thinking just that....we may see some "fluff" coming out to take advantage of these oil prices. Still, some of these little oils could really move over the short--medium terms. Oil looks to be staying high. GLTA
-------------------- Jimmy Posts: 18 | From: albuquerque | Registered: Mar 2005
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-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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Oil Contrarian Sees Bubble Ready to Burst Monday April 4, 5:48 pm ET By Brad Foss, AP Business Writer Crude Oil Contrarian Believes Oil Prices Could Plummet to $28 Per Barrel As Early As Summer
Most energy analysts on Wall Street expect oil prices to remain high for the foreseeable future because of strong demand and limited supply.
Then there is Tim Evans, a contrarian who says today's crude oil prices above $50 a barrel reflect nothing more than a market bubble fed by speculation and unwarranted fear. Evans, a senior analyst at IFR Energy Services in New York, believes oil prices could plummet to $28 a barrel as early as this summer.
ADVERTISEMENT "I guess that makes me the lunatic fringe," Evans said, followed up by a burst of laughter.
Evans' basic message is that the world's oil supply is sufficient to meet demand, that motorists will soon show that they're not willing to pay any price for gasoline and that the market is unreasonably receptive to worst-case-scenario thinking.
The 45-year-old analyst, who earned his bachelor's degree in mineral economics from Pennsylvania State University, has led energy research at IFR, a division of Thomson Financial, for the past 10 years, following stints as a copper trader and an analyst at a mining concern. Evans writes a twice-daily technical analysis of the petroleum markets that costs $395 a month and is read by institutional investors, major oil companies, fuel distributors, traders and journalists.
Oil prices began rising above historical norms a few months before the U.S. invaded Iraq and have maintained their upward momentum since then due to rising demand, a shrinking supply cushion and market worries about everything from a hurricane in the Gulf of Mexico to pipeline sabotage in Iraq. The declining value of the dollar and increased hedge fund activity on futures markets have magnified the runup.
Rapid economic growth has largely masked the negative impact of high oil prices in the U.S., analysts say, though the airline industry has been stung, as have low-income families and those living on fixed incomes. Gasoline demand is about 2 percent higher than a year ago in spite of pump prices averaging $2.15 a gallon.
Veteran oil market analyst Peter Beutel of Cameron Hanover Inc. said Evans' outlook is not as crazy as his willingness to publicly stick out his neck.
"I don't disagree oil prices are going to drop precipitously at some point," Beutel said. "But, boy oh boy, they tell analysts to pick a time or pick a price, but don't do both. I certainly honor his bravery."
When pressed to do just that, Beutel said he could envision $28 a barrel, too -- in 2008.
Most oil analysts have steadily raised their oil price forecasts over the past two years, keeping themselves in sync with the market's upward momentum.
They back up their upward revisions with data pointing to a limited global supply cushion at a time of rising demand, particularly in the United States and China. They also cite the declining value of the dollar and they voice fears about possible supply disruptions all around the world: from labor strife in Nigeria to refinery snags in America.
Goldman Sachs analyst Arjun Murti last week raised his forecast for 2005 from $41 a barrel to $50 a barrel. The report said the market may be in the early stage of a "super spike" that sends prices as high as $105 a barrel -- the price Goldman Sachs said may be necessary to significantly curb energy consumption.
The report has contributed to a recent rise in crude futures on the New York Mercantile Exchange, where oil for May delivery settled Monday at $57.01 a barrel. Nymex futures closed at a record $57.27 a barrel on Friday.
Evans scoffed at the Goldman Sachs report, saying "the probability of reaching that price level is so small it's, like, laughable."
"Yes, $105 could happen. Texas could slide into the Gulf of Mexico. There could be a nuclear war with Iran. But you know that in a scenario like that I somehow don't think the world economy is going to be screaming for more oil."
Evans is not the only contrarian -- there are still a handful of analysts forecasting prices below $40 a barrel in the second half of the year -- but he may be the most blunt voice of opposition to the bullish market consensus. He sums up the group-think this way: "Greed makes you stupid."
Some of Evans' main arguments are as follows:
-- There is no worrisome lack of supply. With 1.8 million barrels a day of excess production capacity, Saudi Arabia can quickly pump enough oil to offset any disruptions, short of the most catastrophic scenarios.
"Oil prices have been rising for the last 18 months on hypothetical supply disruptions," Evans said. "Every time we come up with a new 'what if?', the oil price manages to go $5 higher."
-- Higher prices will eventually cause gasoline demand, which is now about 2 percent higher than a year ago, to taper off. And higher prices will lead producers, including Saudi Arabia, to pump more oil.
-- The U.S. Strategic Petroleum Reserve, which the Bush administration has been filling at an average rate of nearly 250,000 barrels a day, is nearly full. By August, the market should have that much more supply of light, sweet crude available to it.
All of these factors have been ignored, Evans said, by the growing number of hedge funds and other speculators betting on crude futures, proving only that there is demand at any price for "paper barrels."
When asked why the market would ignore what he considers to be an adequate supply situation and instead focus on everything that could wrong to disrupt it, Evans answered with a question.
"Why did people chase Internet stocks in the late 1990s, and why did they shift from looking at earnings to looking at revenues and from looking at revenues to looking at the number of hits on a Web site as a method of valuation?"
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
oil hit 58 but dropped fast. oil pennies were good plays early but as soon as oil dropped it was over. the u.s. has a larger surplus now then in the last 3 yrs so i'd watch the oil pps on any of these oil stocks.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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