posted
PGPM The net effects for the valuation of Pilgrim's stock with this potential recovery can be calculated as follows:
At US$60 per barrel for proven reserves and a portfolio that generates 900 million barrels of oil, Pilgrim Petroleum can be valued conservatively at 900 million barrels x 20% net revenue interest to Pilgrim Petroleum x US$60 per barrel = $10.08 billion less $100 million net development cost = $US10.07 billion in potential assets if fully developed. Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share
FPPL
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Being from Texas I can promise you there is no oil there but you cant blame W. He never found a drop. Millions of holes have been drilled and sucked dry. TX runs on coal and Kuwait now.
quote:Originally posted by J_U_ICE: PGPM The net effects for the valuation of Pilgrim's stock with this potential recovery can be calculated as follows:
At US$60 per barrel for proven reserves and a portfolio that generates 900 million barrels of oil, Pilgrim Petroleum can be valued conservatively at 900 million barrels x 20% net revenue interest to Pilgrim Petroleum x US$60 per barrel = $10.08 billion less $100 million net development cost = $US10.07 billion in potential assets if fully developed. Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share
FPPL
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
FPPL having a strong close nice setup for tomorrow
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by 7 of 9: Being from Texas I can promise you there is no oil there but you cant blame W. He never found a drop. Millions of holes have been drilled and sucked dry. TX runs on coal and Kuwait now.
quote:Originally posted by J_U_ICE: PGPM The net effects for the valuation of Pilgrim's stock with this potential recovery can be calculated as follows:
At US$60 per barrel for proven reserves and a portfolio that generates 900 million barrels of oil, Pilgrim Petroleum can be valued conservatively at 900 million barrels x 20% net revenue interest to Pilgrim Petroleum x US$60 per barrel = $10.08 billion less $100 million net development cost = $US10.07 billion in potential assets if fully developed. Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share
FPPL
Dude, go back to your PAIM thread and stay there.
Posts: 2554 | Registered: Nov 2005
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quote:Originally posted by 7 of 9: Being from Texas I can promise you there is no oil there but you cant blame W. He never found a drop. Millions of holes have been drilled and sucked dry. TX runs on coal and Kuwait now.
quote:Originally posted by J_U_ICE: PGPM The net effects for the valuation of Pilgrim's stock with this potential recovery can be calculated as follows:
At US$60 per barrel for proven reserves and a portfolio that generates 900 million barrels of oil, Pilgrim Petroleum can be valued conservatively at 900 million barrels x 20% net revenue interest to Pilgrim Petroleum x US$60 per barrel = $10.08 billion less $100 million net development cost = $US10.07 billion in potential assets if fully developed. Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share
FPPL
Dude, go back to your PAIM thread and stay there.
I think it's your PAIM thread you spend more time there then anyone. I'm here to make money not looking to bash. Do a little more reading and you'll see
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by dkinvest: juice - I wasn't talking to you.
My bad the bloods flowing today from PGPM
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Hopefully AURC too, but that may not be tomorrow. However, it may be bigger than NDOL in the near future. JMO! GL!
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
AMEP will continue to rise as oil is hot right now (and will continue to be!).
Posts: 191 | From: Ontario, Canada | Registered: Mar 2006
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quote:Originally posted by Monkeyman: AMEP will continue to rise as oil is hot right now (and will continue to be!).
I like AMEP too. If it can get through .12 this week, it should be good for another run.
I thought you were buying BUGS
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by Monkeyman: AMEP will continue to rise as oil is hot right now (and will continue to be!).
I like AMEP too. If it can get through .12 this week, it should be good for another run.
I thought you were buying BUGS
Read my post again, this time with your sarcasm detector turned on.
You do the same
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by tmanfromtexas: Man, I feel the love here. lol. I dont have any picks. All mine suck. lol. TMAN...
Isn't it great like one great big disfunctional family
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
if youre looking for an oil play, or any play for tuesday i'm liking FPPL. hasn't run 900% already like PGPM. looking for 0088 break and run into multiple pennies. only 400mil outstanding shares, owns many oil leases...
Posts: 515 | Registered: Mar 2005
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I really truely believe PGPM will have another great day tommorow, not 900% again but 50%+ is not out of the question
Posts: 383 | Registered: Apr 2006
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posted
NDOL is the runner for Tuesday!!! Called the company today. They said Nasdaq news will be out any time and are releasing a PR Tuesday for the buyout!!!!!!!
-------------------- "The greatest risk is to take no risk at all" Posts: 54 | Registered: Apr 2006
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posted
NDOL will not release the PR in the morning causing people to sell and then I will buy in around .68 and hold because the PR IMO will come out mid day
PGPM I feel will drop like a rock down to .065 then it will have a steady climb for the rest of the day and I will take some CNES money and put it in this stock for a bit.
They need to file some papers with SEC. Bottom of the chart. Low OS. Even if you have no desire to hold I think it can generate a good 300% return on 50 million volume. Not bad compared to some of these stocks trading in the billions these days.
Posts: 271 | From: USA | Registered: Mar 2005
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posted
FPPL Holding better leases than PGPM IMO. PGPM PR today had a lots of holes in it and I look for <.05 by EOD. If I was right more than wrong then I would be TheCreator. GLTA
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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-------------------------------------------------- Press Release Source: Genesis Technology Group, Inc.
Genesis Files Financial Report Showing Profitability With Sustainability in 'Historic Turnaround' Monday May 1, 5:30 pm ET
BOCA RATON, Fla., May 1, 2006 (PRIMEZONE) -- Genesis Technology Group, Inc. (OTC BB:GTEC.OB - News), today released its 10-QSB for the second quarter of the current fiscal year. Company Chief Financial Officer Adam Wasserman offered an analysis of ``the first profitable quarter in the history of Genesis,'' with net income exceeding $500,000; a current cash position totaling approximately $1.9 million; all while overhead continues declining significantly.
ADVERTISEMENT Mr. Wasserman, who has served as the Genesis CFO since its founding in October 2001, reported: ``The financial condition of the Company shows significant improvement. For the three months ended March 31, 2006, we reported net income of $501,634 or $0.00 per common share, compared to a net loss of $(1,250,874) or $(0.02) per common share for the three months ended March 31, 2005, a positive gain of $1,752,508.
``Also, for the three months ended March 31, 2006, our total operating expenses decreased by $334,218 compared to the three months ended March 31, 2005. To add to this impressive turnaround, through the sale of marketable securities that the Company had previously received for services rendered, our cash position was over $1,000,000 at March 31, 2006 and approximately $1,900,000 as of today.
``This is an impressive, historic turnaround by any standards, and we believe that this news will be positively received by our shareholders and the Wall Street investment community alike. It marks the first profitable quarter in the history of Genesis and with cash in the bank, the Company can continue to implement its business model that indicates sustainability and growth for its future,'' forecasted CFO Wasserman.
Kenneth Clinton, Company President, who soon will be departing for China to meet with Chinese partners and to attend the Annual Shareholders Meeting in Beijing, commented: ``This quarter underscores that we are on track to deliver on our long-term growth targets. Spurred by determination and execution of our model, we stabilized some challenging issues and have effectively balanced results across our global operations.
``Genesis increased its level of marketing investment some quarters ago, and it has delivered growth and profitability that is helping to drive our business. This gives us great confidence that we will achieve our business objectives and, in doing so, create sustained growth and value for the benefit of our shareowners and other stakeholders,'' concluded Mr. Clinton.
Note: The Annual Shareholders Meeting has been scheduled for Friday, May 19, 2006, at 1 o'clock p.m. at the China World Hotel in Beijing, China, located at No. 1 Jianguomenwai Avenue; telephone (8610) 6505-2266, facsimile (8610) 6505-0828, email cwh*shangri-la.com and website http://www.shangri-la.com. The Company will also make a presentation at the Friedland Investment Events' Micro-Cap 2006 Conference this Wednesday, May 3, 2006 in New York City. For more information, refer to http://www.friedlandcorporateinvestorservices.com.
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. is a business development firm that fosters bilateral commerce between Western and Chinese companies. The Company has offices in the United States and China. A majority-owned subsidiary of Genesis, Genesis Equity Partners, LLC assists Chinese and Western companies in formulating strategies to increase equity value, while targeting Western stock exchanges as a source of capital and shareholder support. The core strength of GEP management is creating a first rate plan to create investor awareness and bring in long-term individual and institutional investors. GEP should create liquidity in the stock and gain investor awareness by using tested channels of communications by cogently articulating the companies' stories. GEP has built successful channels with expertise in screening and selecting Chinese companies that possess solid business histories and professional management, and North American public companies and shells that possess a shareholder base and a history of auditing and filing, as required by the US Securities & Exchange Commission. For more information, visit http://www.genesis-technology.net.
Safe Harbor Statement
Certain statements set forth in this press release constitute ``forward-looking statements.'' Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words ``estimate,'' ``project,'' ``intend,'' ``forecast,'' ``anticipate,'' ``plan,'' ``planning,'' ``expect,'' ``believe,'' ``will likely,'' ``should,'' ``could,'' ``would,'' ``may'' or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
Contact:
Genesis Technology Group, Inc. Kenneth Clinton kenclinton*genesis-technology.net (561) 988-9880
Source: Genesis Technology Group, In
Posts: 354 | From: Novi, MI | Registered: Apr 2006
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