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Author Topic: CSJJ Expanding into the Oil Business
JOELGA
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Or waiting!
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lilhen2005
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I bought into this and I'm waiting to see if te deal goes through. Hope to make some green, but they are all free shares.

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Time will give you what you want!

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JOELGA
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Yeah, this one is a crap shoot but I don't have too much wrapped up. 400,000 and waiting.
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Malloy
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Rumour of a big PR coming tomorrow...

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Malloy
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IWISHIHAD
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What has happened to the oil deal? I thought it was to be completed by now.
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sportsguy
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Remember this release from awhile back.

.05 for the short term. Anyone still believe this guy?

HOUSTON, Aug. 12, 2005 (PRIMEZONE) -- Coastal Holdings, Inc. (Other OTC:CSJJ.PK - News) is pleased to announce Market Advisors has initiated coverage of their company. Mr. Jeff Helleberg confirms a positive outlook on CSJJ based on his analysis of the Company's projected growth and fundamentals. Mr. Helleberg's price target of $0.05 indicates a strong short-term outlook. The complete analyst report will be posted on the Company website during the course of the day. Once posted, investors may view the analyst report by clicking on the attached link: http://www.coastalholdings.com/analysis.

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IWISHIHAD
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.0005 would be nice for a starter.
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dalton05
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News for 'CSJJ' - (Coastal Holdings, Inc. Receives Signed Purchase Agreement From BDT Energy Producers, Inc. to Acquire Interest in Development Oil Well)


HOUSTON, TX, Oct 21, 2005 (MARKET WIRE via COMTEX) -- Coastal Holdings, Inc.
(OTC: CSJJ), is pleased to announce that it has received the signed Purchase Agreement from BDT Energy Producers Inc. (BDT) to acquire a working interest in a development oil well. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.

After further analysis, Coastal Holdings has decided to purchase the oil well designated as NO. 3 HINES rather than NO. 2 HONEY that appeared in the original MOU and first draft of the Purchase Agreement with BDT. Due to its location adjacent to BDT-owned and producing wells at NO.1 HINES and NO. 2 HINES, the purchase of this oil well is a lower risk venture while still offering Coastal Holdings high revenue and profit potential in a well which could last for 30 years or more. This well will be drilled into the Salem Limestone at a depth of 3350 feet and will be only 660 feet east of an old TEXAS Oil Company
(TEXACO)
well which produced 55 barrels of oil per day (BOPD) and no water from the Rosiclare limestone. This new well will also be 660 feet west of NO. 2 HINES which has sold in excess of $175,000 in oil produced from the Rosiclare limestone, from just one (1) of the 7 pay zones present in this well. As there are a number of pay zones that produce oil in the immediate area, this well will be drilled to test a total of 8 pay zones for oil and gas production.

The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.

About BDT Energy Producers, Inc.

BDT Energy Producers, Inc. (BDT) is a subsidiary of Britton Oil Properties, a well-established 42-year old firm that owns 14 producing oil wells on 480 leased acres in Southern Illinois, approximately 125 miles east of St. Louis, Mo. and 75 miles northwest of Evansville, Indiana. These wells have a total production capacity of 15 BOPD and an accumulated reserve of 330,000 barrels of oil. Since 1976, Britton Oil has sold $3.5 million worth of oil from these wells. BDT has been formed solely for the purpose of developmental drilling of new oil wells and has selected 5 prime drilling locations from Britton Oil Properties that it is now in the process of funding.

For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the company website at www.coastalholdings.com.

Forward-Looking Statements

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dalton05
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Maybe they will be around the same price as the other oil stocks around .01 and up
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stnkng1
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its at .0003 now think this could run to .0006 today?
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mbmaid
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This is finally going to see its day in the sun. Every dog has its day, and it might CSJJ's turn. GLTA.

I'm getting in now.

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abefroman
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I am curious as to why they would release this on a Friday. It's good news though

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It's a good day to make some money

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Malloy
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My guess is they had to double verify with lawyers cause they usually sent them out mid-week.


quote:
Originally posted by abefroman:
I am curious as to why they would release this on a Friday. It's good news though


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matto
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So we can have a big gapper on monday!!!!!
25mill shares and wooo hooo its my turn!!!

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Trading is a blast!!

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Buckeye
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Any current L2's out there? (ask--for those who entered pre-market)
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bmarley5780
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0002x0003
2*6

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abefroman
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Anyone see pre-market movement? I am on my blackberry - thanks!

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It's a good day to make some money

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Malloy
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3MM at bid now

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Malloy
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bigthc1
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In at .0003.

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-make money-

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Buckeye
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Me too. Same price
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stnkng1
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in at .0003

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Derek S

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iwearpro
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in at .0003 as well!!!
lets have fun gents!

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Thanks,
Brian

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stnkng1
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only bought 300,000 but a double would be nice

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Derek S

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stnkng1
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whats the chances of a double?

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Derek S

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Rasica
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Should be interesting

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All IMHO. Do not rely upon anything I post to base your financial decisions upon.

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iwearpro
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getting alot of buying pressure!! This thing is going to pop in a bit...

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Thanks,
Brian

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stnkng1
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any opinions on what they are seeing this goto today

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Derek S

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bigthc1
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Depends on volume.

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-make money-

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stnkng1
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you would think the volume would be really going with the good news and all we will just have to see

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Derek S

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matto
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are we the only ones who have seen the news?

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Trading is a blast!!

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stnkng1
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is everyone still here or are they getting away from this stock?
im staying im just wondering if im alone

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lilhen2005
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I'm still here, I'm holding all free shares now, and won't part with them until favorable conditions are more apparent. Did some T/A, and this week looks good for a small bounce, but could take some time, and I have lots of that. GLTA, and have a little fun this week.

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Time will give you what you want!

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lilhen2005
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here's a chart for you guy's to take a look at. notice the 26, and 12 are takeing a turn upwards toward the 9 in the macd, and the 20 in the bb is touching the 50 day ma. looks like the bb may start tightening up a little this week so we should be ok.
http://stockcharts.com/def/servlet/SC.web?c=CSJJ,uu[w,a]daclyiay[dc][pd20,2!b50][vc60][iut!Ub14!La12,26,9]&pref=G

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Time will give you what you want!

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iwearpro
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Folks,I really believe this has got to be one of the most undervalued oil stocks out there right now. It wont take much to get this one to move!
I am almost 1 mil. in right now and with some buying power or news this one will be up there with TWOG!

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Thanks,
Brian

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stnkng1
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i cant beleive this went down a tick today i figured there would be alot of buying going on with news out the other day.

i think this is gonna be a nice one sooner then most think

JMHO

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Derek S

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