Just got confirmation from Rpinedo that a share buyback plan is now being discussed among the administration. No date or details though, sorry. Couldnt get any info on the great news either, he mentioned two wells that have been very productive and that they are going to start drilling around them to se if they can find some oil, he also said that his goal was a short term increase in the PPS and I couldnt figure out why. Usually CEOs and Directors only care about the long term becasue there shares are restricted and they plan on working there for a while. I wonder wonder why, oh why it is so important to get the PPS up so quickly. Hmmm, maybe a defensive measure!!!
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quote:Originally posted by Lionking: This will for sure going to be crash down like last time.
It crashed down last time because or panic, & misunderstanding. With this nearly complete reserve report it should show what they really have total & only add value (if there is more to add). Along with 2nd qaurter "earnings" & filing with the SEC (requires the report for auditing). I say this may keep going up.
Not saying it wont crash.. just not for the same reason it happened last time. I know I'll be watchin this *******.
I guess we'll see what happens. GLTA
-------------------- "Money, so they say Is the root of all evil today."
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Total 218 bbls since first of year, all from Lily Hooks lease. Their 20% is 43.6 bbls. Looks like a few leases disappeared, a couple new ones as they said in June. One of the new ones:
Lease Name: WAGGONER "AN", Lease No: 18415 Operator Name: AMERICAN PETROLEUM CORP., Operator No: 018909 District 09 Lease Production and Disposition Jan 2006 - Jul 2006
Date OIL (BBL) Casinghead(MCF) Operator Name Operator No. Field Name Field No. Production Disposition Production Disposition Jan 2006 2 0 0 0 RB ENERGY, LTD. 685771 WICHITA COUNTY REGULAR 97155001 Feb 2006 12 0 0 0 Mar 2006 18 0 0 0 Apr 2006 18 0 0 0 May 2006 NO RPT NO RPT NO RPT NO RPT Jun 2006 NO RPT NO RPT NO RPT NO RPT AMERICAN PETROLEUM CORP. 018909 Jul 2006 NO RPT NO RPT NO RPT NO RPT Total 50 0 0 0
50 bbls this year. None and no reports in May, or June (when Pilgrim acquired it), or so far in July. Each well has a lease number with Texas RR Commission,and production usually posted by 5th day each month.
-------------------- It takes a lot of attaboys to make up for an aww chit
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quote:Originally posted by Hold-em-er-fold-em: I dont understand why people would sell before the news hits. That makes no sense, but to each their own!
they do remember the last report with "lesson taken"...
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posted
From: rpinedo*bpetroleum.com Add to Address Book Add Mobile Alert To: xxxx*yahoo.com Date: Mon, 17 Jul 2006 10:22:42 -0500 Subject: Re: PR this week?
PR will start effectively tomorrow, we just double checking everything before goes out.
posted
Pinedo still in "command"? jk. I dont expect anything "real" till they get some wells online. That will take some weeks to months. They only have two wells (their two "best") that have produced any oil in years. OTC? Given their past problems with factual PR's, not a lock. But, if they do get on, they have to report everything!! Warts,boogers and all!! woooof!! Fun to watch!!
-------------------- It takes a lot of attaboys to make up for an aww chit
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posted
For a company expecting big news tomorrow, closing 11.29% in the red isn't really a good sign. Let's see what tomorrow brings, but for now, the figures are not convincing.
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posted
With most companys when the ceo says great news is expected I would not be able to sleep from excitement. This morning I'm more nervous than excited not real sure what the PR will bring.
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