BDW Holdings Ltd. Reaches Agreement With Magellan Energy 12/14/2005 10:40:43 AM ORLANDO, FL, Dec 14, 2005 (MARKET WIRE via COMTEX) -- BDW Holdings, Ltd. ( BDWH ) announced today that it has reached an agreement with Magellan Energy, a company headed by Mr. Michael Shtaif, to be a partner in projects that Shtaif has identified for purchase. These projects, located primarily in Russia, are producing oil at present and production can be readily increased.
Mr. Shtaif was formerly Vice President of Operations for TNK-BP, which is the BP operation in Russia. Mr. Shtaif is intimately familiar with oil production in Russia and BDWH is very pleased to be a partner in this operation. Other partners that Shtaif is bringing into the group include major international oil companies and European investment banks.
BDWH plans to change its name to International Energy, Ltd and consolidate shares on a one for one hundred basis as part of this new corporate focus.
About BDW Holdings, Ltd.
BDW Holdings Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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remember one thing though and that it that this has less than 1.5m shares trade since it became public almost 6 months ago and it will move on very little volume, as it has today!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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quote:Originally posted by rickpic: they already own 30% of the deal with the same oil company that TWOG has 20% of. Don't be surprised if they end up owning TWOG's 20% as well.
no sooner said than done!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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BDW Holdings, Ltd. Reaches Agreement to Purchase All Outstanding Shares of Transworld Oil & Gas 12/15/2005 9:00:11 AM Company Plans to Change Its Name to International Energy Ltd.
ORLANDO, FL, Dec 15, 2005 (MARKET WIRE via COMTEX) -- BDW Holdings, Ltd. ( BDWH ) announced today that it has reached an agreement to purchase all the outstanding shares of Transworld Oil & Gas ( TWOG ) for stock of BDW Holdings, Ltd. The company also plans to change its name to International Energy Ltd.
BDW plans to consolidate its present shares on a one-for-one-hundred basis and purchase all the outstanding shares of TWOG for the equivalent of $0.085 per TWOG share, in new shares of what will be International Energy Ltd.
After the purchase of TWOG, the new BDWH intends to become a reporting issuer and list on a higher exchange, not only in the US, but will also seek listings overseas.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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Its worth watching! This I know! If they take this above .08 then the deal with TWOG is worth less than owning these shares outright! This stock moves on almost no volume and they already hold more oil than TWOG, so its not so far fetched to think that this could happen.
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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Well I sold what I had of TWOG this AM for .017 at a profit and I will just play wait and see, but my feeling is that I wil add to my BDWH holding tomorrow morning.
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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People bash me about R/S, when I don't even know when they are coming.. yet, this one has R/S spelled out right there in the PR, and yet it is still being pumped here?????
O/S after the R/S will only be 10,000.. come on... if that is the case, can you say MAJOR DILUTION is coming?????
If you play this one... get in and get out!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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Don't like it don't buy it! There a lot of oil on the table here and I have followed this stock for months! Take a look at the volume chart well your at it! Then buy all means do what you feel is in your own best interest!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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as of 7/29/05 they had 4,382 shares out after a 1000 for 1 R/S wich means the pre split count was the same as what was stated in their last 10QSB filed 7/7/2000 wich would inicate to me that the pending R/S will happen AFTER they aquire the TWOG stock, currently 80+ million out, wich would give them a post R/S count of 800,000+. what will happen when they announce the split date? price moving up now, very low float currently so any action should move this pretty quick, maybe a good swing trade but it seems to me the stock to buy if you want to hold is TWOG, do the math, much more upside with TWOG especialy if this ( BDWH ) runs up over .05 TWOG should follow penny for penny!.value of this company seems to be very high with a very low stock price, post split market cap could be under 5 million with lots of room to move up!. what i dont like is they have not filed a 10Q in 5 years but they do say they will be getting back on track wich is good. just my thinking on this do as you wish and good luck!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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The split will be pre TWOG buy-out if for no other reason than the BDWH shares are not at .085 per share! BDWH holds rights to more of the oil than TWOG does at this time. Yes TWOG would seem to be the better buy at this current time, but 2 months is a very long time in penny world and I'll put my money on the low floater that holds more of the marbles at the moment!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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quote:Originally posted by rickpic: The split will be pre TWOG buy-out if for no other reason than the BDWH shares are not at .085 per share! BDWH holds rights to more of the oil than TWOG does at this time. Yes TWOG would seem to be the better buy at this current time, but 2 months is a very long time in penny world and I'll put my money on the low floater that holds more of the marbles at the moment!
if you are right then they will have 43 shares out at 2-3$? a share plus the newly aquired TWOG shares would give them 80+ million shares out at 2-3$? would give a market cap of 160 to 240 million or more! if this happens the way you think the price will surely fall unless they can show big earnings and cash flow to support the high M/C
Posts: 2503 | From: connecticut | Registered: Mar 2005
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It says in the PR that TWOG holders will get shares of the NEW International Energy company which tells me right there that its post split. Now lets look at the split! If BDWH splits at lets say $.03 that would make it $3.00 you would get 1-35 for your TWOG shares in the new company, but if BDWH goes up to lets say .085 then you would get 1-100 for your TWOG shares. TWOG has a much higher O/S and is harder to move up in price, but BDWH has an extreamly low float, that is about to get 100x lower and will be easy to move up! Of course I'm speculating, but I see BDWH moving up to offset the exchange rate that will be paid to TWOG holders. This would in turn keep the O/S of the new company down.
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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Rick, where are you getting the bid and ask info from? All I have is a "Last" and a "Volume" on this stock.
Posts: 344 | From: Berkeley, CA | Registered: Sep 2005
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one of my brockers give the bid ask! Its still .02x.03 and moved from .01x.02 to the current level on only 31.000 shares! I personaly hope it stays down till the AM as I have funds clearing in the AM!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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looking into both companies reveals that both seem to have aquired an interest in the same russian private oil producer, both state they would be looking to increase production from current levels to 1,000,000 barrels a month but neither stated what the current levels were, niether stock is moving much on this news and niether company seems to have much in the way of tangible assets. TWOG does not report and BDWH has not filed in 5 years. my prior posts about the value of the new company should be disreguarded. i have only done a small amount of research so far and do not yet see clearly if there is any real value here. PR needs to be clarified wich will probably happen at some point, to many open issues here. niether company is very transparent. think hard before jumping in.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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if your gonna DD this madmoney you may as well give Robert Needham a call over at TWOG. Nice guy easy to talk to and I'm sure he can answer any questions you may have!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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quote:Originally posted by rickpic: if your gonna DD this madmoney you may as well give Robert Needham a call over at TWOG. Nice guy easy to talk to and I'm sure he can answer any questions you may have!
thanks but i never call the company or IR for DD, lots of ways to check out a company on the net. info from the company or IR is always public info and biased, as it should be. but this makes these sources unreliable as a guage of company value. as a matter of law they cannot tell you anything that is not public knowledge. and hints are worthless most times.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Good luck to all who hold this stock, but zo not zrust ze Russians... Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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