posted
SOMEBODY STOP MEEEEE LOL i bought more at 13.5 today so im just peachy if it closes at 20
Posts: 1029 | From: Long Island, NY | Registered: Apr 2006
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posted
of course they do..., but i dont see why they're still doing it...because they've had the same trend on this stock past three days, it's getting old, and thwarting investors..
Posts: 1029 | From: Long Island, NY | Registered: Apr 2006
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posted
FPPL JUST JUMPED 800 % HOLY ****, i just about fell off my damn chair..lol fat fingers lol, 66000 shares traded lol
Posts: 1029 | From: Long Island, NY | Registered: Apr 2006
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posted
yea wtf are you thinking lol keep it it's goin to 30 in a weeks time..
Posts: 1029 | From: Long Island, NY | Registered: Apr 2006
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posted
happy i bought at the dip.... thinkin about addin some more tommorrow before next week hits.
Posts: 2794 | From: nyc | Registered: Aug 2005
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The vast majority of our properties are marginal, usually between 850 feet to 2000 feet, the new rework and drilling are on the same areas but between 3000 and 6000 feet, this deep wells are more costly, however we have a good idea of where are the good spots, equipment and logistics are in place on most cases. The potential of recoverable oil will be when we have production on both levels shallow and deep.
Thanks
Rafael Pinedo
----- Original Message ----- From: XXXXXXXXXX To: rpinedo*bpetroleum.com Subject: Re: Shareholder Question Date: Wed, 3 May 2006 11:18:34 -0700 (PDT)
Thanks for your quick response Rafael. I understand you must be busy nowadays since the PR you released on May 1st. I appreciate you taking the time to answer my questions.
I do look forward for another PR in the near future to further explain the international connections that Pilgrim has.
One other quick question on your financials that you released today.
In the May 1st PR, you stated that: Based on a 12,000-acre portfolio of proven undeveloped fields in the area of Archer and Wichita County, Texas, Pilgrim Petroleum estimates very high volumes of recoverable reserves. If the whole estimated subsurface is taken into consideration when calculating the potential of recoverable oil, the estimation reveals an approximate of 900 million barrels of recoverable oil.
This is from the Quarterly Report: The company as of March 31, 2006 had a NPV of $1,427,067 in estimated net remaining proved undeveloped reserves of 576,192 barrels valued at $40.00 per barrel.
Does that mean that to date, Pilgrim has drilled only 576,192 barrels of oil, but that you expect, based on all of your holdings, to be able to drill 900 million barrels of oil? If so, in what timeframe do you see your proved reserves increasing and by how much?
Thanks again for your response. If you wish, Edward Monet can answer my questions if you can forward my e-mail to him.
Thanks, XXXXXXX
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
Im out when i look at it again in july.... its only may and people are going crazy over oil. the summer is going to be nutty. been loading efcr in .025 range and dvpc and this.... come july all oil flies, thats what happend last year and the year before. man its gonna be a nice summer:)
Posts: 2794 | From: nyc | Registered: Aug 2005
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posted
banger i was going to pm you.. .but for some reason im not allowed??!! wtf ok well i sold a good amount of efcr today because nite was sitting there sellin off forever and not budging. saw the same thing last week with UBSS. they don't want it to move big yet, or else they would be sellin way higher. without a doubt a p/r will come. the o/s has grown last couple of years also so i wouldn't expect as big of a move as in the past. but it is an oil play and interest is growing, with a halfway decent p/r i say we see .06 - .08 tops by july.... i also like dvpc:)
best of luck with PGPM everyone!
Posts: 2794 | From: nyc | Registered: Aug 2005
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posted
MMs bringing it down. Looks weak on the sell side though. Look for a run in the last 20 minutes of trading
Posts: 383 | Registered: Apr 2006
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