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Press Release Source: Franklin Mining, Inc.
Franklin Oil & Gas, a Division of Franklin Mining, Inc., Forms Association With the Shaw Group Wednesday October 5, 8:05 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Oct 5, 2005 -- Franklin Mining, Inc. (Other OTC:FMNJ.PK - News), Franklin Oil & Gas (a division of Franklin Mining, Inc.) is proud to announce that the Shaw Group and Franklin Oil & Gas has teamed up. The Shaw Group Inc. (SGR) is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. Headquartered in Baton Rouge, Louisiana, with over $3 billion in annual revenues, Shaw employs approximately 20,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit Shaw's website at www.shawgrp.com.
This association gives Franklin Oil & Gas the technical, operational and financial ability to reconfirm the offer of the joint venture with Y.P.F.B., the national oil company of Bolivia.
Franklin Mining, Inc. released and posted it's unaudited financial statements for 2004 on our website, www.franklinmining.com.
DISCLOSURES:
About Bolivia:
Bolivia is a land locked country in South America and is believed to have 2nd largest gas reserves in South America. Bolivia is about to go into elections in December and has suffered from Political unrest and nationwide diesel shortages in 2005. Mexico is currently trying to sign gas contracts with Bolivia.
About Franklin Mining, Inc.:
Franklin Mining, Inc. had a complete change of Management and Board of Directors in 2003. Since then Franklin Mining has expanded to Colombia and Bolivia as well as to start operations for Gold mining in Bolivia in 2004. Franklin Oil & Gas was formed in 2004 as a division of Franklin Mining, Inc.
The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. Headquartered in Baton Rouge, Louisiana, with over $3 billion in annual revenues, Shaw employs approximately 20,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. The Company was recently named to Fortune magazine's annual list of "America's Most Admired Companies" for the second consecutive year. For further information, please visit Shaw's website at www.shawgrp.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
Contact: Contact: Steve Starvie Franklin Mining, Inc. 813-817-2323
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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Don't know I work second shift,so I got this kinda late. If that's what you're referring to. I didn't see it posted anywhere else, so thought I would post it. So, don't be a smart A$$.
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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quote:Originally posted by lilhen2005: Lookey, lookey, Makeing money, makeing money. I sure hope you guy's picked up some. Good run today. Been a long time comeing.
I forgot to add this: Click here to customize chart 0.005 +0.0015 (+42.86%) 41.7M 6,595.00 Day Range Bid Price Ask Price Previous Close PE Ratio 0.0032 - 0.045 n/a n/a 0.0035 n/a 52 Week Range Bid x Ask Size Open Price EPS 0.0004 - 0.01 0 x 0 0.0037 n/a
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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I'm loveing it, been in this since may, and by far the best pr I've seen from these guy's. I'm finally haveing a good green day wit this one. Hooooooooooray.
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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I got in at 35 and still holding. It's having a hard time to go through 50 though.
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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From Yahoo. Notice the O/S, this can't be right. Yahoo! My Yahoo! Mail Welcome, hen_apache [Sign Out, My Account] Finance Home - Help
Thursday, October 6, 2005, 10:56AM ET - U.S. Markets close in 5 hours and 4 minutes. Dow +0.24% Nasdaq -0.06% Bill Pay - Customize Finance [Hide Portfolios]
Management Effectiveness Return on Assets (ttm): -82.16% Return on Equity (ttm): 10.12%
Income Statement Revenue (ttm): 39 Revenue Per Share (ttm): 0 Qtrly Revenue Growth (yoy): 1.90% Gross Profit (ttm): -44.31K EBITDA (ttm): N/A Net Income Avl to Common (ttm): -248.92K Diluted EPS (ttm): -0.189 Qtrly Earnings Growth (yoy): -33.80%
Balance Sheet Total Cash (mrq): N/A Total Cash Per Share (mrq): N/A Total Debt (mrq): 567.49K Total Debt/Equity (mrq): -0.22 Current Ratio (mrq): N/A Book Value Per Share (mrq): -1.96
Share Statistics Average Volume (3 month)3: N/A Average Volume (10 day)3: N/A Shares Outstanding: 1.32M Float: 1.32M % Held by Insiders4: N/A % Held by Institutions4: N/A Shares Short 3: N/A Short Ratio 3: N/A Short % of Float 3: N/A Shares Short (prior month)3: N/A
Dividends & Splits Forward Annual Dividend Rate5: N/A Forward Annual Dividend Yield5: N/A Trailing Annual Dividend Rate3: N/A Trailing Annual Dividend Yield3: N/A 5 Year Average Dividend Yield5: N/A Payout Ratio5: N/A Dividend Date3: N/A Ex-Dividend Date5: N/A Last Split Factor (new per old)2: N/A Last Split Date3: N/A
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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No way of telling the current O/S: WCM CAPITAL INC 0000215913 15-12G 10/1/2004 ?
15 12G Certification of termination of registration of a class of security under Section 12(g) or notice of suspension of duty to file reports pursuant to Section 13 and 15(d) of the Act Section 12(g)
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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No way of telling the current O/S: WCM CAPITAL INC 0000215913 15-12G 10/1/2004 ?
15 12G Certification of termination of registration of a class of security under Section 12(g) or notice of suspension of duty to file reports pursuant to Section 13 and 15(d) of the Act Section 12(g)
Thanks will, nice job. Did a little T/A, and got a link for a chart for you guy's to look at. The RSI is a little high, but the 50, and 200, look pretty inviteing to me. Check it ou, and feel free to give your analysis. http://stockcharts.com/def/servlet/SC.web?c=fmnj
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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Figure 9. Primary Petroleum, Natural gas, and Minerals, Activities, 1988
Source: Based on information from Orlando D. Martino, Mineral Industries of Latin America, Washington, 1988, 22.
Petroleum had been known to exist in Bolivia since the colonial period, but serious exploration did not begin until 1916. In that year, foreign firms probed for oil, marking the start of a long and sometimes bitter relationship between foreign oil companies and the Bolivian government. The government nationalized the oil industry from 1916 to 1920, denationalized it from 1920 to 1937, and nationalized it again in 1937 under the control of YPFB, where it remained in 1989. A revision of the country's petroleum code in 1952 allowed foreign companies to drill for Bolivian oil. Nevertheless, the only successful company--Bolivian Gulf, a subsidiary of Gulf Oil--was nationalized in 1969 in an acrimonious dispute with the government. Two foreign firms, Occidental International and Tesoro Petroleum, held service contracts with YPFB in the late 1980s.
Oil production peaked in the early 1970s but declined throughout the rest of the decade and into the 1980s (see table 7, Appendix). Production dropped from 47,000 barrels per day (bpd) in 1973 to only 21,000 bpd in 1988, the result of price fluctuations, obsolete machinery, minimal exploration, YPFB mismanagement, and declining reserves. As part of the NPE, the government restructured YPFB into three autonomous subsidiaries in 1985 and reduced its payroll by one-third. One of YPFB's major goals was to accelerate oil exploration and improve its inadequate reserves-to-production ratio. Proven reserves were estimated at 158 million barrels in 1988. In order to augment reserves, most economists believed that Bolivia would need to rely more on foreign oil companies for exploration.
Oil exploration in Bolivia in the 1980s remained highly regulated by the government, but revisions in the country's petroleum code were expected after 1988. For exploration purposes, the country was divided into four regions, three of which were higher risk areas; in the fourth region, where reserves were unknown, YPFB had exclusive rights for exploration. The YPFB's region was located in southeastern Bolivia, and the other regions covered the rest of the country's mostly unexplored subsoil. YPFB, however, also issued contracts for foreign oil companies to explore portions of its own select region and others. In September 1988, Occidental signed a thirty-year contract with YPFB for exploration and production in a 2.5- million-hectare area, encompassing the Madre de Dios and Lapachos regions of La Paz, Beni, and Pando departments. YPFB also managed the country's oil refineries, which had a 74,000 bpd capacity, or three times more than output. The refineries, located in Santa Cruz, Cochabamba, and Chuquisaca departments, produced a diverse range of petroleum products, such as lubricating oils, gasoline, naphthas, jet fuels, diesel, solvents, and ether (see fig. 9).
Posts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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Seventy-five percent of Bolivia's oil was drilled in four Santa Cruz oil fields--La Peña, Monteagudo, Caranda, and Camiri--with the balance provided by fields in the departments of Chuquisaca and Tarija. A major new field, Vuelta Grande, was scheduled to begin production in 1989, providing upwards of 5,500 bpd. Most oil fields had large reserves of associated natural gas.
Natural gas reserves in 1988 were estimated at 33 billion cubic meters. The primary gas fields were concentrated in Santa Cruz and Tarija departments, with additional fields scattered in various other departments. In 1988 natural gas production equaled roughly 13 million cubic meters a day, almost half of which was reinjected. Sixty-five percent of all gas production originated from four large gas fields in Santa Cruz: Río Grande, Colpa, Vuelta Grande, and Caranda. In the late 1980s, YPFB exported close to 90 percent of the country's gas, about 6 million cubic meters a day, to Argentina via an 847-kilometer gas pipeline that was constructed in 1972, extending from Santa Cruz to the border town of Yacuiba. In total, 4,346 kilometers of gas and oil pipelines of varying sizes extended through the country in 1988. Domestic gas use, equivalent to about 10 percent of production in 1988, was expected to increase when a gas pipeline connecting the highlands to the lowlands opened in 1988 and as electricitygenerating plants increasingly turned to gas as their source of power.
The contentious nature of negotiations between Bolivia and Argentina for purchasing natural gas in the mid-1980s demonstrated the subsector's dependence on foreign markets. Disagreements revolved around the market rate Argentina paid for Bolivian gas, the proportion of currency and in-kind payments, and Bolivia's failure to make its debt payments to Argentina, its largest bilateral creditor. Following a two-year period that nearly bankrupted Bolivia's treasury, the two nations signed a comprehensive agreement in 1987. Under the accord, Bolivia agreed to cut its gas price by 20 percent and peg it to market levels. Argentina resumed its gas payments to Bolivia with 80 percent of its payment in convertible currencies and 20 percent in goods, such as wheat. In the late 1980s, however, the status of the agreement beyond 1992 remained unclear.
Posts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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After more than ten years of negotiations, in 1988 Bolivia and Brazil signed a preliminary agreement that was to pave the way for exports of natural gas, urea, and polyethylene to Brazil in the early to mid-1990s. Although the details were still being finalized in 1989, the pact was slated to include a 600-kilometer gas pipeline from Santa Cruz to the border town of Puerto Suárez and then to São Paulo; 3 million cubic meters of gas exports a day; the manufacturing of 200,000 tons a year of urea fertilizers and 100,000 tons of polyethylene, used for packaging and tubing; and a series of other thermal and hydroelectric projects. If the supply of gas did not reach Brazil by 1992, however, and the Argentine agreement was not renewed, Bolivia faced a potentially untenable cash-flow situation by 1993.
Posts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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Franklin Mining, Inc. Comments on Possible Joint Venture With Y.P.F.B. Oct 7, 2005 9:30:00 AM LAS VEGAS, NV -- (MARKET WIRE) -- 10/07/05 -- Franklin Mining, Inc. (OTC: FMNJ)
Last September we offered a joint venture to Y.P.F.B., we had a positive reply from the President of Y.P.F.B. at that time. We then traveled to Bolivia in November to start the ground work for a possible M.O.U. between Y.P.F.B. and Franklin Oil & Gas. Our offer was to install a total capacity of about 4 BCF. This was to be done in conjunction with Y.P.F.B. and the installation of the gas processing plants was to parallel the growth of the gas business in Bolivia, the marketing of the products from the plants would be marketed jointly. We estimate that these Gas Processing plants would represent an investment of about 300 million USD. The association with the Shaw Group on the New York Stock Exchange gives Franklin Oil & Gas the ability and technical expertise to make this a reality. The President and C.E.O. of Franklin Mining, Inc. will be traveling to Bolivia in late October.
DISCLOSURES:
About Bolivia:
Bolivia is believed to have the 2nd largest gas reserves in South America. Bolivia is about to go into elections in December and has suffered from Political unrest and nationwide diesel shortages in 2005. Mexico is currently trying to sign gas contracts with Bolivia.
About Franklin Mining, Inc.:
Franklin Mining, Inc. had a complete change of Management and Board of Directors in 2003. Since then Franklin Mining has expanded to Colombia and Bolivia as well as to start operations for Gold mining in Bolivia in 2004. Franklin Oil & Gas was formed in 2004 as a division of Franklin Mining, Inc.
The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. Headquartered in Baton Rouge, Louisiana, with over $3 billion in annual revenues, Shaw employs approximately 20,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. The Company was recently named to Fortune magazine's annual list of "America's Most Admired Companies" for the second consecutive year. For further information, please visit Shaw's website at www.shawgrp.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
Contact: Steve Starvie 813-817-2323
Posts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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Franklin Mining, Inc. signs M.O.U for Hydro Units with Internal Hydro International for Bolivia 10:00 a.m. 10/19/2005 Provided By PrimeZone
TAMPA, Fla., Oct 19, 2005 (PRIMEZONE via COMTEX) -- Internal Hydro Inc. (IHDR) has entered into a memorandum of understanding for the purchase of a 30 KW small impact hydro-generators unit with Franklin Mining, Inc. (Pink Sheets:FMNJ) and for rights for future sales in Bolivia. Future 30 Kw units for Bolivia could support hundreds in the first year orders.
"We hope that this unit will help us address our electricity requirements in Bolivia. Our operations have very limited electricity available to it due to their isolation. We currently run on diesel generators due to the shortages of Diesel this year and our operations have been limited. These new generators run off the water energy from the river and will have no energy expense to run these generators. We are very excited about the possibility of putting these units in. We hope that this will help us increase operational time, cut our energy cost and utilize the diesel for our earth moving machines," said Jaime Melgarejo, Jr., President of Franklin Mining.
"The exclusive rights for Bolivia is very interesting for us also. We feel that there would be a great demand and we can market these units under Franklin Oil & Gas for the production of electricity for river based villages throughout Bolivia. Funding for providing electricity to rural areas should be available though World Bank Programs. This would enable us to create cash flow and would allow us to diversify our portfolio for the company," continued Melgarejo.
IHDR will supply to Franklin one of the first short-term production units for fielding in its operations under the purchase agreement. With a population of over 9 million persons, and a hydroelectric generation potential second only to Argentina in South America, both companies foresee the large-scale use of such electric generation units from IHDR.
DISCLOSURES:
About Bolivia:
Bolivia is believed to have 2nd largest hydro capacity in South America. Bolivia has the raw Terra Watt hour ability of 178 Tw/hours and an economically viable amount of 50 Tw/hours on an annual basis. Bolivia is a net exporter of energy from its capacity for energy production to surrounding companies.
About IHDR: IHDR is an alternative energy company based in Tampa, Florida. IHDR is currently readying units of its core technology of low impact/small hydroelectric generation units for market delivery under contracts both domestically and globally. See the website at www.internalhydro.com .
About Franklin Mining, Inc.:
Franklin Mining, Inc. had a complete change of Management and Board of Directors in 2003. Since then Franklin Mining has expanded to Colombia and Bolivia as well as to start operations for Gold mining in Bolivia in 2004. Franklin Oil & Gas was formed in 2004 as a division of Franklin Mining, Inc.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including, among others, the following: reduced or lack of increase in demand for the Company's products, competitive pricing pressures, and the level of expenses incurred in the Company's operations. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Internal Hydro International, Inc. Mary Pecoraro (813) 231-7122 Mpecararo*internalhydro.com
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon. Posts: 970 | From: Montana | Registered: Jul 2005
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LAS VEGAS, NV, Nov 11, 2005 (MARKET WIRE via COMTEX) --
Franklin Mining, Inc (OTC: FMNJ).
As you have been reading in the newspapers recently, energy stocks have been doing incredibly well. Gas and oil profits are hitting record highs for many of the energy corporations. At Franklin Mining we have always been confident about our future, but this past recent month's opportunities, both domestically and especially internationally, have created a lot of excitement and jubilation about our immediate future. Meetings with the new President of (Y.P.F.B), the Bolivian government which owns and regulates energy, along with the Minister of Hydrocarbons. Our discussions with the government agencies will be bringing them up to date on our joint venture offered to the Y.P.F.B. Last September we offered a joint venture to Y.P.F.B., which received a positive reply from the President of the Y.P.F.B at that time. November will start the ground work for a possible M.O.U. between Y.P.F.B. and Franklin Oil & Gas. Our offer was to install a total capacity of about 4 Billion Cubic Feet processing capabilities. This was to be done in conjunction and/or cooperation with Y.P.F.B. and the installation of the gas processing plants are to parallel the growth of the gas business in Bolivia. We estimate that these Gas Processing plants would represent a development cost of approximately 300 million USD. The association with the prestigious Shaw Group (N.Y.S.E.) gives Franklin Oil & Gas the ability and technical expertise to make this a reality.
We Believe the Future for Gold Looks Bright
We are going to address the current challenges and make modifications in operations where needed to be successful. I have reviewed the current operations since my last trip and made plans for the next year for our operations and possible future mining concerns. We have made initial payments on a 2nd camp site as well as other opportunities for mining that have been presented. Because of diesel shortages being in check and a stable political environment, we think next year will be better for the entire GNP of the country.
The Hydro-Generators Could Help Lighten Our Path to Greater Profits
I will have our engineer in Bolivia review the hydro-generators for our mining applications and other possible applications in Bolivia. Franklin Mining, Inc has entered into an M.O.U. with Internal Hydro International, Inc. (IHDR) for the purchase of one of their 30 KW hydro-generators and the possibility of exclusive rights for these units in Bolivia. These new generators run off the water energy from the river and will have no energy expense. We are very excited about the possibility of putting these units in and to possibly provide these to other entities of our business.
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon. Posts: 970 | From: Montana | Registered: Jul 2005
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Thought this might be an interesting read for all, especially with Mexico wanting contracts with Bolivia for oil!!
GLTA
By Benedict Mander in Mexico
Updated: 10:42 p.m. ET Dec. 1, 2005 The heady growth of Mexico's stock market over the last three years continued unabated on Thursday as the benchmark IPC index broke through the key psychological 17,000 level for the first time ever.
After rising by 1.8 per cent in Thursday's trading, the IPC has now risen by 41 per cent in dollar terms in the first eleven months of this year, after growth of 46.9 per cent in 2004 and 43.5 per cent in 2003.
"The strengthening trend of the peso against the dollar is attracting stronger foreign investment," said Francisco Rivero, head of investment research for Santander Serfin in Mexico.
He believed that the strength of the peso, which has reached 10.50 to the dollar, means that the Bank of Mexico may now call for a 50 basis point cut in the overnight lending rate in its next meeting on 9 December. The current market consensus is for a 25 basis point cut.
"For the moment, until the Fed has done enough to slow the US economy and there is clear evidence that the party in the commodity markets is over, then Latin America and Mexico will continue to roll forward," said Mike Hartnett, emerging market equity strategist for Merrill Lynch in New York.
Risks to further gains for Mexico's stock market included US Treasury yields rising above 5 per cent or political volatility ahead of Mexico's July 2006 elections according to Mr Hartnett.
The rise of Mexico's IPC index was mirrored by the Brazilian Bovespa index, which rose by 2.2 per cent, to 32,617.18 yesterday on expectations of further rate cuts to stimulate the economy. Mexico and Brazil, along with other emerging markets, have benefited from a wave of liquidity produced by low global interest rates. http://www.msnbc.msn.com/id/10286193/
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon. Posts: 970 | From: Montana | Registered: Jul 2005
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Up 90% already with 20M in volume, not too bad. I hope news is coming that they signed the M.O.U. with Y.P.F.B. GLTA
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon. Posts: 970 | From: Montana | Registered: Jul 2005
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