quote:Originally posted by explorer186: TNOG been on the SHO list 50 days now
and that is just one of the reasons that i bought back in.real soon we will be getting more revs then ever. the price of oil may come down a little but ngas will be going through the roof. when that happens tnog shares will be in high demand. shortly after that the mm's will be covering their shorts.and then the sky is the limit or at least a dime ,...lol
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If we get blow-your-mind production numbers (100+ BPD), I would like to see this hit our long-awaited 0.08 golden price, otherwise if we get just-good numbers (50+ BPD), a medium run will do
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Just found out drilling of the K1 isn't going to be completed until mid-to-end-of next week. But WTF is the K1 the only thing TNOG has going for it? No! Who knows, maybe next week we get an update on lease acquisitions, revenue numbers, or the other well's production numbers.
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Some basher on the TNOG board on RB was quoting another guy. He said the other guy was told by Clayton that. Also another credible person said they weren't working with the rig this weekend.
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"The rig has now been set up, and will set a cement plug today in preparation for the commencement of drilling operations. We will also have a work crew finishing work on our new gas pipeline from the Kosciusko #1 Well to connect through to the Midway grid. We expect to have the gas pipeline finished before the conclusion of drilling operations to take advantage of expected natural gas production."
"The damage to significant portions of the oil and gas industry places a heavier responsibility on companies like Titan to help America meet its energy needs."
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If you go back and look at the releases, we already got new lease news,and we already know they were pumping fifty bpd on one well. (I guess the other one is a secret), and we await numbers on the gas, plus the oil numbers should increase as a result of more depth. We went to nearly .06 on speculation, but with two wells and gas we should easily exceed that. This stock has been an interesting education on how the interests of the company are so different than those of the investor. Basically they want to keep us, or should I say control, with just enough information to suit them. "the completion ---- is imminent". "In preparation for the commencement". Trust me, they know within a baby's breath of the pressure in that well. My only complaint is I didn't figure it out soon enough. I only pulled off two swings, and missed the last two from .034+ and .0297
Gee, I wonder if the folks in the know on these wells are taking advantage of this price drop. And there couldn't be any manipulation going on could there? I guess I'm going to have to think about that some more.
Meanwhile I sold my youngest for funds and she took offense and grounded me.
Rare prediction: .07+ by the 24th
-------------------- If you don't have instincts, get out. If you do; go with them.
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Here is an interesting fact: You can't sell at these prices and make money. So just hold on and don't let the shorters rip you off.
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Hello we have oil and gas here. Why would anyone sell at a loss? Upcoming oil strike, a potentially huge one, and selling TNOG for a loss. Come on, how stupid is that!
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[TNOG's drilling could be completed Tuesday as this posts from RB states]
By: s_heater 12 Sep 2005, 09:41 AM EDT Msg. 80762 of 80763 (This msg. is a reply to 80527 by abinrml47tx.) Jump to msg. #
Clayton's response to me on the drilling schedule last Friday:
A concrete plug has been needed to close off the previous horizontal holes from previous drillers (Non-TNOG). This takes a day and a day to set, so two days all together. It is needed to ensure the drill does not follow old paths and enters the target zone.
The drilling, depending on Earth that we encounter and will take 2-5 days to drill. The crews do not work on weekends. Some have claimed they will work for overtime pay, this is not the case with the team we are using. I do agree time is money and suggested that we continue over the weekend but the crew did not want to.
As you can see we are looking at best case timing, Tuesday could offer the completion of the wells. Worst case Thursday or Friday. I will keep you informed. Excitement is growing around here. Keep me posted on what is going on out there. Best.
Clayton
By: abinrml47tx 11 Sep 2005, 08:25 PM EDT Msg. 80527 of 80758 (Msg. is a reply to 80490 by bmazclampett90210.) BMAZ, once the rig is up the weather isn't much of a factor. It depends on the company a three shift crew four to five per shift plus tool pusher would give you 13-16 per rig. The cement will have all the additives to make it dry within 24 hours so you can start the next day the elements don't have anything to do with drying time.
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TNOG on a nice dip: 200% of the float traded above 2 cents over the last two months. Drilling of K1 to be complete tomorrow, or Thurs. or Fri. at the latest.
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Just got some for .0178. Brought my average down to .0205. I've been watching this for almost 9 months and I'm just recently getting into it. I've liked it 9 months ago and am just happy that it's still low to get into. But now that I'm in it, it needs to go up. Way up.... :}
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You picked a good time to get in Kane. This one is a dragger, but its about to wake up. I think they want to save all the news for one big bang rather than dealing out bits and pieces.
-------------------- If you don't have instincts, get out. If you do; go with them.
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I must agree with leavenart! This is a great dip and with news on the horizon, this is a great time to get in. Looking for money right now, to average down b4 more news comes out.
-------------------- 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
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Been watching this for a while myself. I'm in Friday at .0195 Should have waited until today but I think anything below .02 is a bargain for this stock. I'm still happy with .0195 Have they been pretty consistent with pr's previously? It looks like there should be a backlog of them ready to all come out.
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Rebound? I can't figure your terminology Nice Guy. If you're paying any attention you know this is not a matter of a little rebound. This company is reaping the harvest. The rebound will come after it hits its high. It hit a speculation high in the high .05's and unless something goes wrong that will be a low estimate of its potential. If this doesn't double its a big disapointment. Then we will talk rebound.
-------------------- If you don't have instincts, get out. If you do; go with them.
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While, in most instances, we intend to re-complete wells with a history of past production by re-drilling horizontally, in this case, the [K1] well was formerly a good producer as a horizontal well, and we are now re-completing by drilling vertically beneath the bottom of the existing hole.
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is the reason this stock is dropping because of oil prices having just dropped a bit and this stock follows suit only a few days later and not immediately? if so, now that prices are going up, we should follow suit shortly after right?
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I figured .02 was bottom. Actually bought more today at .017 and it's still going down. Intraday chart showing oversold. Get in at .0167 while you can.....
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Buys in at .017-.0175 and then an offset sell for 1million at .0166! C'mon! MM's playing this one good and keeping it down. When news comes, this one's gonna fly.
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Good job to those who bought and are buying on the dip, this might be the last time we test such lows. 25% of the float traded in the upper 2's, and 200% traded above 2 in the past two months.
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