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he is a friend of the family that plays the penny stock market...he said he had a tip,so he put his buy in at .021 and told me to hold out at least to .045...? I think ill stick it out.
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lot of insiders buying..they know this may be headed higher POLLOCK, CHARLES B.: Declared Holdings Company/Relationship Reported Shares Ownership PANGEA PETROLEUM Chief Executive Officer OTC BB:PAPO.OB (historical quotes, profile, SEC, other insiders) 24-Aug-05 3-Sep-04 40,398,740 24,056,943 64,455,683 Direct Indirect Total
Insider & restricted shareholder transactions reported over the last two years Date Shares Stock Transaction ADVERTISEMENT
24-Aug-05 2,643,019 PAPO.OB Acquisition (Non Open Market) at $0.01 per share. (Value of $26,430) 11-Jul-05 300,000 PAPO.OB Acquisition (Non Open Market) at $0.01 per share. (Value of $3,000) 23-May-05 300,000 PAPO.OB Acquisition (Non Open Market) at $0.01 per share. (Value of $3,000) 17-Mar-05 101,286 PAPO.OB Disposition (Non Open Market) at $0.01 per share. (Value of $1,012) 17-Mar-05 300,000 PAPO.OB Acquisition (Non Open Market) at $0.01 per share. (Value of $3,000)
WELLER, MARK F.: Declared Holdings Company/Relationship Reported Shares Ownership PANGEA PETROLEUM President OTC BB:PAPO.OB (historical quotes, profile, SEC, other insiders) 24-Aug-05 35,702,029 Direct
Insider & restricted shareholder transactions reported over the last two years Date Shares Stock Transaction ADVERTISEMENT
24-Aug-05 2,643,019 PAPO.OB Acquisition (Non Open Market) at $0.01 per share. (Value of $26,430) 11-Jul-05 300,000 PAPO.OB Acquisition (Non Open Market) at $0.01 per share. (Value of $3,000) 23-May-05 300,000 PAPO.OB Acquisition (Non Open Market) at $0.01 per share. (Value of $3,000) 17-Mar-05 300,000 PAPO.OB Acquisition (Non Open Market) at $0.01 per share. (Value of $3,000)
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By: rainbow898 03 Oct 2005, 06:44 PM EDT Msg. 4149 of 4150 Jump to msg. # ~ PAPO's OUTLOOK from 10Q filing,
Pangea has identified additional prospects scheduled for drilling in 2005 in Henderson County Texas, Colorado County, Texas, Panola County, Texas and De Witt County Texas. The Company is also in the process of evaluating several additional prospects for 2005.
Henderson County, Texas is an 11,500' test in the Rodessa and Pettit, with a secondary objective in the Upper Travis Peak. The first well has the potential to prove up an additional well in the fault trap and, if successful will lead to drilling in four additional analogous fault blocks on the leased acreage. Pangea expects to have a 2% working interest and 1.54% net interest in the first well. This well is still under evaluation by Pangea and, if participation is taken is expected to be ready for drilling in the fourth quarter 2005.
Colorado County, Texas is a 10,000' test of the Wilcox. This project has been developed based on 3D seismic data and analysis of existing Wilcox formation in the area. Pangea has a 2.0% working interest and a 1.5% net interest in the prospect. The operator of the well experienced budgetary constraints early in the year and is now in the process of contracting a rig. Due to tight rig availability the most likely drilling time frame is in September 2005.
Colorado County, Texas is a 10,050' test of the Wilcox. This project has been developed based on 3D seismic data and analysis of existing Wilcox formation in the area. Pangea has a 2.0% working interest and a 1.5% net interest in the prospect. The operator is finalizing the well and the well location and has indicated that rig availability makes the most likely drilling time frame the middle of the third quarter.
Colorado County, Texas is a 5,000' test of the Frio. This project has been developed based on 3D seismic data and analysis shows at least two Frio objectives in the area. Pangea has a 3.0% working interest and a 2.25% net interest in the prospect. The well also has several potential additional locations in the Frio, if the first well is successful. The most likely drilling time frame is September 2005.
De Witt County, Texas is a 4800' test of several stacked Yegua objectives identified by 3D seismic data. The prospect is on trend with existing Yegua production, and there is considerable shallow Frio and Miocene production that appears in the area. Two recent 3D wells to the south back up the seismic analysis on the prospect, and if successful, the lease could provide a follow-up location. Pangea has committed to a 6.67% working interest and a 5% net interest in the prospect. It is expected that rig availability will allow this well to be drilled in the fourth quarter 2005.
Panola County, Texas was a 10,000' Cotton Valley test, set up by a geologic trap that has produced in nearby fault blocks. The prospect also has Travis Peak potential. The well is on the same lease as existing Pangea production in the Upper Travis Peak interval. Upon review of the limited data available, the prospect did not meet Pangea's investment criteria and we have declined to participate.
Pangea is actively reviewing additional prospects in Texas and Louisiana, to add new wells to the prospect list. The Company is continuing its strategy of evaluating primarily shallow, onshore oil and gas projects that avoid investing
6 in "wildcat" or exploratory wells, and focusing on investing in development well prospects that are supported by seismic data, proven production from the surrounding area and good information from adjacent wells. Additionally, Pangea will continue to diversify its risk by taking a minority working interest in the prospects, such that the Company is not dependent on any one project or highly impacted by an unsuccessful well. The ability to invest further will be heavily dependent on securing additional capital from investors or debt financing. There is no assurance that additional equity or debt financing will be available on terms acceptable to Management.
quote:Originally posted by doling2005: Have held this stock for months. finally got out today. Thanks and good luck. They make their money mostly from selling stock.
BS..did you see insiders buying at .01?..their o/s is 186m not billions like most of the companies have..
watch the ride today to 5c and above.
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planning to move to AMEX..that is good news
When do you anticipate a move to the AMEX?
Listing on the American Stock Exchange is one of our corporate goals. We can not give an exact date on when or if we will be listed. Once we have definitive information, we will send out a press release.
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