posted
Is this still a group pick for today? Jmoove posted yesterday that the IR said 10Q will be issued on or before next monday (08/15/05) and that the first oil well will be drilled any day now. $.40 should be an easy near-term target without a group play, but with one who knows...
Posts: 415 | Registered: May 2005
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posted
Looking very strong, IMO when it breaks .11 there should be no holdin' her back. This is not pump, i'm trying to alert you guys early; mentioned it yesterday at .09 and we had a good post going on it, but someone erased the entire post.
Posts: 249 | Registered: Aug 2005
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posted
Broke .11; I will not mention this stock again until it is up a crazy amount
Found this on ragingbull: Just spoke to IR to get some info since I had all but forgotten about this co (bought some about 6 weeks ago at .10):
1. 10Q is due out on or before the 15th 2. Drilling was not able to be started in may and june, due to an inordinate amount of rain. 3. Drilling is due to commence any day now, they recieved word that they are next in line from the Rig contractor the rig will be assembled, and operational ASAP (meaning any day is what IR stated).
[ August 11, 2005, 10:22: Message edited by: Zacktrade ]
Posts: 249 | Registered: Aug 2005
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posted
exactly why i dont buy into group plays, i bought this about 6 weeks ago on fundamentals at .10 and im sticking with it, 10q due out on or before the 15th PR due to be released updating the drilling (they are going to be drilling in the next few days I was told by IR) BUY ON RUMOUR, not on hype by group plays 9 out of 10 youll get burned
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
Ended at a 10% gain. Also, If anyone noticed, there were two 500 signals in the last few minutes, both at .11.
Posts: 415 | Registered: May 2005
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posted
Chart looks great, it's ready for the 10Q and the big news that the well has been drilled and is operational. Watch closely.
Posts: 415 | Registered: May 2005
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posted
10Q just came out, note O/S is currently 62,595,000 shares.
10QSB: CALIBER ENERGY, INC.
By Edgar Online - (EDG = 10Q, 10K) Last Update: 8/12/2005 10:19:52 AM Data provided by
(EDGAR Online via COMTEX) -- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
GENERAL - This discussion should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's annual report on Form 10-KSB for the year ended December 31, 2004.
PLAN OF OPERATIONS
The following discussion and analysis provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. The discussion should be read in conjunction with our financial statements and notes thereto appearing in this prospectus.
The accompanying financial statements have been prepared assuming that we will continue as a going concern. As discussed in the notes to the financial statements, we have experienced losses from inception. Our financial position and operating results raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. Our actual results may differ significantly from the results, expectations and plans discussed in these forward-looking statements.
On April 4th the Company reported it had commenced seismic interpretation and geologic mapping to determine a suitable target location for drilling an oil well on the Bolloque Project; a Leduc oil play. The seismic line purchased and being interpreted covers an area where the Company has identified three sections that cover a topographic high, potentially coincident with a Leduc reef that may represent the extension of the prolific Leduc D-3 pools. The project is located 60 miles directly north of Edmonton, Alberta in the prolific oil producing Leduc area. Leduc "reef" oil fields
south of Bolloque contain oil wells that currently produce oil at rates of several hundred barrels per day and also wells that have cumulatively produced over one million barrels of oil. Of the 680 oil wells drilled in D-3 pools, the production has been between a low of 145 and a high 400 barrels per day with pay thickness of 35 to 142 feet.
On April 7th, the Company reported that it had returned 29,975,000 common Reg. 144 shares to treasury. This represents a 32.4% decrease of the issued and outstanding shares of the Company, which now has been reduced from 92,570,000 to 62,595,000.
On April 18th, Caliber reported that a third a third party reservoir engineer and an independent geophysicist completed the seismic review and interpretation on the Bolloque Project. The seismic line that crosses the Company's leases is a previously shot, east-west, 2-D seismic line. The line was purchased and re-interpreted by the independent consultants to the Company. The interpretation confirms that a Leduc Pinnacle Reef buildup exists under the Company leases.
An estimate made from the seismic section indicates a reef buildup of approximately 30 meters (98.5 feet). Drill Stem Tests (D.S.T.'s) of this zone in nearby wells gave significant fluid recoveries from the flanks of the reef indicating good permeability. The reef has never been tested for oil at its highest development coincident to a topographic high. The Company plans on drilling at the highest location on the leases to test for an oil accumulation. The presence of a strong structural trap has increased greatly the probability of success of discovering a significant oil accumulation on the leases. The Company now feels that the Bolloque may represent a northern extension of the historic Leduc reef and that it may represent the extension of the prolific Leduc D-3 pools. In a direct analog comparison, the Acheson D-3A pool with 100 oil wells with an average pay thickness of 82 feet and had peak production rates of 300 barrels per day.
The project is located 60 miles north of Edmonton, Alberta in the prolific oil producing Leduc area. Leduc Reef oil fields south of Bolloque contain oil wells that produce oil at rates of several hundred barrels per day and also well that have cumulatively produced over one million barrels of oil. Of the 680 oil wells drilled in D-3 pools, the production has been between a low of 145 and a high of 400 barrels per day with pay thickness of 35 to 142 feet. Drilling as reported earlier is planned during May-June 2005 following spring breakup when road bans restricting movement of heavy equipment by the Province are lifted. The well depth to test the top of the Leduc is approximately 3,300 feet (1,100 metres) and an oil well is estimated to cost $280,000 for dry hole and an additional $125,000 to complete the well. Caliber is earning its 49% working interest by drilling, casing and completing an exploratory well on the leases.
On May 2nd, the Company reported that it was moving forward in making the necessary preparations for the spud of the first oil well at Bolloque. The Company and the operator of the project, Transaction Oil and Gas Ventures of Calgary have begun the well licensing, required permitting and have picked the well location. Site preparations will commence when the government road bans are lifted, anticipated to be shortly.
The spud preparations of the first oil well at Bolloque are for the well designation of 7-1-64- 25W4M. Caliber is advancing funds required to complete the well licensing and site preparations totaling $45,000 as part of the executed Authority for Expenditure (A.F.E.) totaling $329,000 to drill, test and case the well. Access to the well site is excellent and government road bans are now being lifted. The first well location is 200 yards from a producing gas well and 2 miles from a municipal road. Caliber is sourcing a drilling rig for the project.
Caliber reported that the Company's share of a "Coal Sales Agreement" has been finalized. Caliber's interest in the Sales Agreement for 500,000 metric tonnes of metallurgical grade coal is anticipated to generate revenue in excess of one million dollars to the Company over the next 6 months. The Company is moving forward on the first coal shipment that will commence once export permits are issued and credit facilities are in place.
posted
well everything IR told me about the drilling was true atleast
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
i think people were expecting news of oil production not a delay in oil drilling, its ok, ive been holding for 6 weeks + now, ill wait it out for a couple more months, dont have much in this so it wont hurt me if it goes south
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
Found this PDF which shows the current Alberta road bans in place right now. Not sure what road the oil field is along, but thought this page might be helpful in the days ahead.
posted
Just ran from .088 to .105 in last half hour, obviously some people are grabbing shares for some reason.
Posts: 415 | Registered: May 2005
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posted
It takes time to set up the drilling rig and then about another 30 days to drill and cap if everything goes well. It can take 2-3 months to get the drilling rig in place if it is in a rural area.
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