I'm new to penny stocks and the AllStocks web site. I have been watching and learning over the last few months. This company looked like it might fit the bill for some of the long term holders in this site. Not to many daily dips. They had a run up when they announced that they struck oil. They are currently preping a new site for drilling. IMHO I think that they may have another run up when they strike oil again. Based on all of their last press releases it should take 3 - 4 weeks. If anyone has any comments please post. Like I said i am very new (GREEN). The rest below is a partial of their press releases.
Like you all say do your own DD.
GFPE -- Gulf Petroleum Exchange, Inc. Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
****** Investor targets increase on Gulf Petroleum Exchange stock (Pink Sheets: GFPE) following a recent analyst recommendation
Mar 30, 2006 (M2 PRESSWIRE via COMTEX) -- Geneva, Switzerland, and Dover, Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past 2 days on Gulf Petroleum Exchange (Pink Sheets: GFPE), following a new recommendation. Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by The Inside Track (http://*********.com/).
Investors now forecast the stock rising to approximately US$ 0.66 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.41 recently.
Based upon their recommendation, the share price has recently moved from US$ 0.24 to US$ 0.29. The 12 months target by The Inside Track for the stock is US$ 1.12.
These different targets can be reviewed by clicking the following link: *******=gfpe.pk. Targets indicators on stock are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Gulf Petroleum Exchange website is http://www.gfpe.org/.
Gulf Petroleum Exchange is a multi-faceted energy company with its focus on two aspects of energy enhancement; production, desulphurization. The company combines the experience of its people with the strength of its strategic alliances to create profitable projects. The company understands the importance of utilizing America's natural resources while protecting the environment. We intend on improving our surroundings while becoming an industry leader.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks mentioned in this text are properties of their respective owners.
Posts: 482 | From: NJ | Registered: Apr 2006
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Gulf Petroleum Exchange, Inc. (Pink Sheets:GFPE) announced today that Gulf and their Joint Venture partner, Smith Oil, picked George N. Mitchell Drilling Company of Carmi, Illinois to drill the second of five Oil Wells in the Illinois Basin (Sterett Miles #2-A) in Mclean county Kentucky in 30 days.
Gulf Petroleum will have George N. Mitchell Drilling Company, who drilled the Sterett Miles #1-A, drill the Sterett Miles #2. As indicated by the success of the Sterett Miles #1A, which will gross approximately $400,000 the first year, we are drilling in one of the more prolific areas for production of crude oil.
Warren (Skip) Wheeler president of Gulf Petroleum Exchange stated: When drilling the Sterett Miles #1A oil was encountered in 3 formations that were not completed. If the formations in the #2 well are consistent with the #1A, if feasible, we intend to perforate and produce multiple formations in the Sterett miles #2.
About George N. Mitchell Drilling Company:
Established in the early 1940's and now managed by the third generation of the family, provides oil and gas drilling and completion services in the Illinois Basin. Based in Carmi Illinois, The Company has a stellar reputation, well maintained drilling and workover rigs and some of the most experienced personnel in the Illinois Basin.
About Gulf Petroleum:
Gulf Petroleum is a multi-faceted energy company, combines the experience of its people with the strength of its strategic alliances to create profitable projects within three aspects of energy enhancement; oil and gas production, the removal of sulfur compounds from hydrocarbon based fuels, and sales of the resultant products.
Forward-looking statements are based on current expectations and assumptions that are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements.
Contact Information: Gulf Petroleum Exchange, Inc. Skip Wheeler, 337-896-5151 www.gfpe.org
No, Just looking to see if anyone else thinks this might be good to buy. I,m in DDSI, RSHN, because of what others on this web site have been promoting. Yes I did some DD. This seems to be a long term stock not a flipper.
I'm just looking for honest opinons. I guess maybe I got yours. Anyway I can't afford to buy that many shares.
I posted the News statments so that I might get some feedback. Faster to read it in the post here than to search for it.
Anyway thank you for your post at least I know someone read it.
I was in GFPE about a week before the oil strike...got out a day after. Sad to see company strike oil and go down. Go figure...
Posts: 85 | From: San Antonio | Registered: Apr 2006
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