Great close and a great looking chart. The pps did not run away, which is a good thing in that there are no gaps to fill on the way up! Slow and steady is the best way to rise!
I will be excited come monday morning to watch this one!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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posted
I was reviewing what I thought would move on Monday based on technicals and charts.. and I keep coming back to AMHD! The chart looks great and is showing signs of a potential run up to .01+....
The pps needs to break .005 and then it can easily run to .01+
posted
I've noticed the spread widens when it slows.. one reason i hate trading pinks, but as volume comes back in, it'll tighten.. and as you can see someone sold .0045, so anyone hitting bid isn't playing this smart.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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yeah lpp.. entry down here is pretty nice.. as we've seen it moves fairly easily, could see .005 on a little volume again.. once that breaks should see .008 quickly
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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posted
I was being sarcastic. LOL. There was no volume for like 30 minutes this morning.. The B/A gap I think is what's holding this back..
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posted
Either way, it did get some volume this morning.. but yes, the spread is hurting this one.. with volume it tightens nicely, but being a pink doesn't show as nice. Still on watch for .005 break, good loading down here still.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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posted
Agreed.. and this is pretty much the bottom here.. so risk is lower.. but they need to atleast keep us updated on the status.. i've seen many that don't, and sometimes don't even come back to mention the project till it's done if at all.. but so far, looks like they are doing it right.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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Amelot Holdings Completes Acquisition of Interest in Oil and Gas Properties In Texas
By PrimeZone Last Update: 9/8/2005 9:46:47 AM Data provided by
CHEYENNE, Wyo., Sept. 8, 2005, Sep 8, 2005 (PRIMEZONE via COMTEX) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) today announced that it has acquired a 10% working interest in the Kerr 1-H Well located in Shelby County, Texas. Amelot Holdings has also secured an extended option to purchase an additional 5% of working interest. The history on this property and all the geological studies validate potentially major commercial reserves of both oil and natural gas.
As part of this acquisition, Amelot Holdings has executed a definitive Exploration and Participation Agreement with CG Operating, Inc. (http://www.cgoperating.com) of Texas that holds the oil, gas and mineral leases for the Kerr 1-H properties. Amelot Holdings has paid in full its percentage of the acreage and prospect fees and has further committed over $100,000 in acquisition and development costs that will allow it and CG to undertake the commercial drilling.
Drilling is scheduled to begin by November of this year.
The well that will be drilled is located within the D. Gonzales Survey, A-237 and the Wm. Kerr Survey, A-402 in Shelby County, Texas. The well prognosis calls for +/- 3200 foot updip lateral to be drilled NNE from the penetration point, and will be drilled down dip from existing production. We could potentially see initial production rates in the 200-400 barrels of oil per day range along with associated natural gas. Based on current market prices for oil and natural gas, Amelot Holdings expects to potentially see a quick return on its investment.
"This acquisition gives us the right to undertake exploratory and drilling activities over oil and gas reserves with very promising profiles. CG Operating, Inc. has signed a drilling contract and will soon begin preparation of the site for the rig arrival. We look forward to getting into a production mode as soon as possible," commented Aziz Hirji, Chairman of Amelot Holdings. "We have made a very serious commitment to this strategic direction, and this acquisition is a demonstration of that commitment," he added.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on acquiring under-valued, high-growth firms and properties in the natural resource industry.
-------------------- You can't afford to risk, what you can't afford to loose.
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