posted
I hear that Hold-em... Just wondered if he had any good picks...and if he actually did anything here besides bashing PGPM.
quote:Originally posted by Hold-em-er-fold-em:
quote:Originally posted by buck*******: Oildog...your posts are getting pretty old and boring here...You evidently don't like PGPM...so...what are you playing?
Obvious what he is playing!
He is the most obvious basher on Allstocks LOL!
90 percent of his posts are on PGPM!
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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posted
Issued on: April 27, 2005 DOE-backed Consortium Delivers Six New "Stripper Well" Technologies
Technologies Hold Promise to Boost Domestic Oil and Gas Production Washington, DC — Joint ventures in technology development by government and industry have delivered six new deployment-ready applications in four years to extend the useful life of more than 650,000 stripper wells that deliver almost 15 percent of America's domestic oil production and almost eight percent of natural gas production, a Department of Energy review has determined.
The technologies were developed by the Stripper Well Consortium, an industry-directed group whose research, development and demonstration efforts are co-funded by the Department of Energy through the National Energy Technology Laboratory’s Strategic Center for Natural Gas and Oil. The six new technologies that have been commercialized, or are near commercialization, generally serve the purposes of increasing production, raising efficiencies or lowering costs. The Consortium has been active in bringing along more than 55 additional technologies, some of which are approaching commercial readiness.
The United States has 393,000 oil stripper wells and 260,000 natural gas stripper wells, and they are typically operated by small, independent companies in fields that are long past their peaks. The definition applies to oil wells delivering no more than 10 barrels per day and gas wells delivering no more than 60,000 cubic feet per day.
But without the stripper wells' aggregate production, the United States would have to import an additional 860,000 barrels of oil a day (an increase of seven percent), and 1.5 trillion cubic feet of natural gas (an increase of 38 percent).
Life extension technologies will reduce plugging and abandonment rates and sustain the stripper wells' contribution to U.S. energy supply and security. In 2002 alone, more than 3,800 gas wells and 14,000 oil wells were abandoned, even though most were still producing. Once stripper wells are plugged and abandoned, the costs to re-access the reserves are prohibitive, and the energy resources may be lost forever.
"The definition applies to oil wells delivering no more than 10 barrels per day and gas wells delivering no more than 60,000 cubic feet per day."
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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"Stripper wells account for approximately 15% of the oil and 7% of the gas produced in the U. S"
So, if they are producing 12 - 38 BOD, then it's not a stripper well? Correct? LMAO
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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posted
The wells I found on the RR commission database were in that range PER MONTH. Given their zeal in inflating numbers (900 million reserves, $33 share price,ect.)all of which were bogus,I think I'd wait and see actual production numbers on Texas RR commission data. Their trying to keep pps pumped up as they dump. JMHO (there,Im humble)
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
Who's dumping? and where is your proof of that?
Another one of you VALUED opinions?
Looks like alot of buys this AM! Maybe they are trying to trick us into buying! Dang it! LOL
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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posted
The float has already increased by 45 million shares. Probably more than that by now. As for who's dumping, Pinedo and American Crapital Investments. Their financials state they had gross profit of $57,538 for 2005. Started this year with $40,271. Where do YOU think they got the shekels to buy Daniels Well service and hire Basic to workover some wells? I figure conservatively the scam brought in at least $4.5 million.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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quote:Originally posted by Hold-em-er-fold-em: quote!
"Stripper wells account for approximately 15% of the oil and 7% of the gas produced in the U. S"
So, if they are producing 12 - 38 BOD, then it's not a stripper well? Correct? LMAO
Its interesting that in their report about production the min. amount (12) is just over the max amount (10) to be classified as a stripper well. Could they have fudged a lil on the numbers
You misunderstood my question Oilwiener! I said show me proof that they are dumping!!!
Not your bashing opinion again!
0 debt!! producing oil 12 - 38 BOD would bring in some revenue alone. Or cant you calculate that?
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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posted
Just a little common sense, holdem. Their financials show they had almost NO money. BS PR, pps runs UP. You mean you'd just sit there and smile and giggle at the price increase and NOT sell. Monet said recently float was 122 mil, up from around 80 mil or so. Also,the PR firm can sell 3 mil shares every 90 days. (No debt? What is THAT?)Where did they raise the money? Loans? But of course,jmho (humble agin)
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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These are your opinions again, as all of your posts are.
I know your a seasoned PIPE layer, and an OIL expert, but that doesnt seem to matter here to anyone.
How many pinks have NO DEBT OILDOG?
If you have traded at all you would know that most pinks have more debt than the company is worth.
None of your remarks about why thay are debt free can have any substance to the fact that haveing ZERO-DEBT is awesome for a small company!
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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posted
That's true holdem. But then they have almost no income either. They bought their lease with moola from previous "peaks". But,convertible debentures & warrants, in the hands of their "promo" partners,IS debt,is it not? We dont know any facts about that,except it exists. Eddie Monet,by the way,is VP of American Capital Investments, NOT an IR "employee" of Pilgrim. I'd just like to know more before I invest my hard earned money,would'nt your?
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
please oildog i come to this board to read opinions on the stocks i own what your doing is neither helpful or informative it is obvious that holdem and yourself are engaged in a dumb petty argument which has lasted weeks he wont agree to you no matter what you say and vice versa so acknoledge your diffrences and move on already!!!
Posts: 29 | Registered: Jun 2006
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posted
ziggy,holdem and I are friends!! I post dd and info from their financials and other sources, he post insults and "disagrees". Have'nt you read the thread? Start about pg 48 I believe. Read it, then come back and discuss/debate facts. If all you want to hear are woohooos and "Go PGPM", pumping,well,you'll learn newb. wwwwooooofffff!
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
Come on now, "No Debt" is misleading at best.
The company has no cash funds yet has leases (or partials) on tens of thousands of acres. Where do you think they're getting the money from?
"Debt" means that at least there's some major financial institution that has at least a modicum of faith in the company to earn money to pay back the note.
"No Debt" means that the company is paying their liabilities with massive quantities of stocks and warrants, probably because they can't get the financial backing otherwise because banks want nothing to do with them.
I'd rather own stock in a company with debt than a company without debt that's spending huge amounts of money. Because somehow that company is raising the cash to support their spending habits. And regular debt the company pays. But convertible debentures you, as a stockholder, pay for, because whenever the price runs up those people holding on to massive amounts of shares as "payment for services/goods rendered" sell and drive the price down. It's basically just a slightly different method of dilution.
Posts: 59 | Registered: May 2006
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posted
Good point,Sigma.Theres a good article on TheStreet dot ... that describes PIPEs and debentures,death spiral they call it.Cornell Crapital is mentioned as one of the biggies. Most of these xyz Crapital Investments engage in that kind of thing,just another form of dilution, as you say. The money HAD to come from somewhere. We KNOW where the money they have NOW came from. IMHO of course.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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On the Barnett deal, I just waiting to have a better value on the stock, since is a restricted stock acquisition. I will be releasing a good PR on Monday.
Regards
Rafael Pinedo
----- Original Message ----- From: me To: "rpinedo*bpetroleum.com" Subject: PR Release Date: Fri, 16 Jun 2006 05:47:55 -0700 (PDT)
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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posted
had to dump my last shares on friday.. it's a shame.. i thought i could catch a ride up with a PR release on XLPI .. but stayed the same.. what a bad move.. sold mine for .057 too.. damn shame
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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posted
it seems to me that pgpm has lost their entire fan base im feeling very lonely please someone say something to lift up my spirits pgpm is just brutal to follow with all the lies and deception coming out of them each week but id rather take the pain because i know the second i sell this thing will shoot up its just the way these things go trust me
Posts: 29 | Registered: Jun 2006
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posted
hmmmm. big day, PR today? If Barnett Shale, I would like to know:
WHERE, exactly,are the leases (NOT just Wise Co.) located, and the names of the leases. What is Pilgrims working interest. WHO did they get them from and who is majority owner. Verifiable production data(names of leases and wells,again) These are simple info "real" companies make available. wwwooooffff! And pleeeezzzzzz, no more pps "calculations" Raf!!!!
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
Pilgrim Petroleum Announces Close of Private Placement Business Wire - June 19, 2006 11:41
IRVING, Texas, Jun 19, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, announced today that the company has agreed to sell 11 million shares of its common stock to Energy Source Private Equities Fund from Toronto, Canada and TJ Management Group with offices in Texas, New York, California, at an average 10 cents per share for a total of $500,000. Both companies are Institutional Investors on the Energy sector, which is a positive opportunity for Pilgrim Petroleum to qualify additional large Investment Institutions once it begins fully reporting.
Rafael Pinedo, Pilgrim Petroleum President and CEO said, "Great value and confidence bring Institutional Investors to any public corporation, we are pleased to have these groups on board."
About Pilgrim Petroleum Corporation
Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company based in Irving, Texas. 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.
SOURCE: Pilgrim Petroleum Corporation
Pilgrim Petroleum Corporation Eddie Monet, 619-864-0166 www.apetroleum.com
Copyright Business Wire 2006
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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