posted
Not looking for guarantees,not that naive. When I first started, I got lubed in just about every stock I played. NO ONE posted real dd,talked about it,pure BS,just PR's and email/phone calls from their handlers. Phony baloney crooks on and off this board. Keep info on Urban Cassavante,Mario Pino,others and their multiple scams and "network",including people here. If I can knock the pins out from under one of their scams,or reduce the swag they collect, PAYBACK!!!! If it helps others,newbs,great too!! Just so you know.
-------------------- It takes a lot of attaboys to make up for an aww chit
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Duh!!! Lets see...you signed on as GhostRepoMan the same day you got the boot (May 31st) and just happen to show up here on this thread with the same rhetoric that you were spewing before...Doesn't take a rocket scientist to figure out the mentality of a paid thief...
quote:Originally posted by GhostRM: Why do you keep saying I'm repo?
1. I have been here longer than you have been out of diapers, and I challenge you to go back and show me one single post of mine for the last 2 1/2 years where I have pumped any stock...
2. RM stands for Paid Thief...
3. Funny how the GhostRM and the RepoMan post on the same threads...NLST....FRPT....PGPM...CIRT
4. You are so transparent that it is actually quite humorous that you chose GHOST as your new alias....too funny man...a car thief telling me I am not cultered enough...LMAO here...you should seriously consider going into comedy.
quote:Originally posted by GhostRM: RM stads for Rodney Marion..... but you're not cultured enough to know that Louisiana ghost story.
I guess because you pump this stock, you must be San Diego Joe in disguise. How's the weather in CA today?
If some of you can read the Gustavson report accurately.....
PGPM chose Gustavson because Gustavson is very FAMILIAR with the North Texas region. They are not a 7-11 type of micky mouse operation......they are well known in the region and provide numerous reports for oil/gas , mining, govement and many other agencies.
For anyone to suggest that Gustavson is boggus is simply a basher, and, is defying reality.
Gustavson knows the area well, and, this is why they are placing , in there opinion, a favorable, low-risk, and high drilling success designation in Pilgrim's land.
IMO, PGPM realized that they needed to get some accuracy in the estimation of the existing properties.
From now on, with last weeks acquisition, and, perhaps next week's acquisitions ( plural ), we should be back on track.
Don't forget, we are dealing with oil and gas, and when we have further Gustavson ( 3rd party ) evaluation reports on the acquisitions, the value of PGPM will escalate nicely.
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Some peeps either know something, or have a lot of faith. They got more faith and $$$ than I got, LOL. Layin down some BIG $$$. But ya know what I won't mind a bit if they are right.
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental."
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Traders that are layin down that kind of cash aren't doing it on "faith"...they are "in the know"...
quote:Originally posted by ballyman: Some peeps either know something, or have a lot of faith. They got more faith and $$$ than I got, LOL. Layin down some BIG $$$. But ya know what I won't mind a bit if they are right.
posted
Your incredible syracuse,Ive NEVER suggested Gustavson was bogus. NEVER.Im also familiar with the North Texas area,and I can read their report just fine. I dont think YOU have read it AT ALL!!!!
-------------------- It takes a lot of attaboys to make up for an aww chit
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quote:Originally posted by syracuseO: Hey there Hawk....
Normaly I would tend to agree with you, but the Gustavson report clearly states the estimated value of PGPM's current wells at $40 mil, and, the costs at $10 mil ( or 25% ) .
Hence, $30 mil ($40-$10) divided by O/S = .09
I am out.
Yes you have to be skeptical about investing in pink/pennies, but as with any stock....as soon as the company lies to it's shareholders or is found to be fraudulant in any way, run for the hills !
Plain and simple. PGPM is ESTIMATED to be worth .09.....based on the supposition that 2/3 wells will be profitable.....what if only 1/2 wells are profitable.....the the value declines less than .09 .
The majority of pink investors put there money in these stocks for anticipated value gain ( even with all the associated risks involved) .
With PGPM, we are at their value, .09. Nothing more coming unless PGPM will buy more sites.
DONT'T FORGET......PGPM just had a recent acquisition ( May 26th announcemet ).....which means that PGPM's value was even LESS than .09, before this acquisition !!
Talk about BS !!
Talk about BS......PGPM purchased the Wichita Texas lease to BOOST the value that would be forthcoming in the Gustavson report.
If PGPM did not acquire the latest lease, the value of PGPM would probably only be worth .05 or even less.
Isn't it funny how this report came out on the tail of their recent acquisition ?
Can someone say consipracy ? BS ?
I am sorry, PGPM has lost ALL credibility (even for a penny stock), and, there is no anticipated increase in value beyond .09 ( unless they purchase new oil sites ) .
But, would you believe PGPM if they said that they acquired new sites and gave out estimations?
Too many qustions, and, too many other Pink/OTC oil plays that offer better investment potential .
Because of PGPM management's May 1st PR.....and today's subsequent valid report.....everything from PGPM becomes suspect.
GLTA if you you can stomach a stock who intentially misrepresents it's assets. And make no mistake.....the May 1st PR was a calculated deception......these are not oil newbies !
IRVING, Texas--(BUSINESS WIRE)--June 2, 2006-- Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, announced today negotiations to acquire production and acreage of approximately 7300 total acres in Johnson and Wise county in the Texas Barnett Shale, the best play in the country. This property has a history of great production and existing conventional well bores available for reentry; Pilgrim Petroleum will focus on refitting the properties with additional horizontal and directional wells. Some seismic data is available with this acquisition, which will facilitate a reserve report. A final agreement is expected to be completed in the next few weeks. Stephen Richardson, Pilgrim Petroleum Vice-President, said, "Each acquisition builds our natural energy reserve base. We will continue to acquire properties and bring our wells on line throughout 2006 in order to increase our residual revenue."
About Pilgrim Petroleum Corporation.
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets:PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production. Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. 2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
KEYWORD: NORTH AMERICA TEXAS UNITED STATES INDUSTRY KEYWORD: ENERGY OIL/GAS MERGER/ACQUISITION SOURCE: Pilgrim Petroleum Corporation
In fact, the Barnett shale play in the Fort Worth Basin in north-central Texas has become so phenomenal that many industry participants now predict it ultimately will surpass the Hugoton Field as the largest natural gas field in the United States. Already, it’s kicked out more than one Tcf of production, and there are likely several Tcf of booked reserves, according to consulting geologist and Mitchell Energy alum Kent Bowker.
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By the way, rumors of my "demise" were unwarranted. I was merely vacationing for a few days in the Turks after covering my 500K share short position from .14 at .085.
Good to be back.
Oh, and buck*******, there's only 1 Repoman.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Yeah, keep "purchasing" property in extremely low-yield areas of the Barnett Shale but tout your company as tapping "the world's greatest play".
Gustavson's report cautioned PGPM on this. It said that their supposed "Barnett Shale" properties were so far off boundaries of the oil that they didn't even want to waste their time evaluating them because the likelihood of any oil was "remote".
For one, you can't tap into the Shale from Johnson County at all, so I don't even know what they doing making that statement. Wise County can be extremely lucrative, but the good stuff and even the not-so-good stuff has been gobbled up for some time. Now it's down to the big guys eating up the little guys that had the foresight to buy Barnett property year ago. note XTOs deal yesterday to buy one, and the huge deal last month by Devon to buy another. There's no decent property left to buy//lease outright.
Not to mention there's no way that PGPM could even afford the good stuff. Good Barnett leases go for $12,000+/acre. Thousands of acres run tens of millions of dollars.
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Fair enought buck,if actually DOING dd & investigating a stock is "bashing",I'll wear it proudly. Better than being in bed with the scammers,nooget eaters and criminal element!!!! And I never try to "predict" a stocks behavior, Ill leave that to you and others.
-------------------- It takes a lot of attaboys to make up for an aww chit
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How coincedental,Wise Countie is where I got MY pinnacle reef and Barnett shale "expertise". And your right Sigma, but,PGPM has some sucker money from this scam. They MIGHT actually be able to pick up some leases!!!!
-------------------- It takes a lot of attaboys to make up for an aww chit
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quote:Originally posted by Sigma: For one, you can't tap into the Shale from Johnson County at all, so I don't even know what they doing making that statement.
Could you elaborate a bit on this for us non Texan folk? Thanks
Ball
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental."
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