posted
4D Seismic (FDSM) Awarded Contract for Humble Oil Field
HOUSTON, TX -- (MARKET WIRE) -- 06/12/06 -- 4D Seismic, Inc. (PINKSHEETS: FDSM) has been awarded a contract to develop 4D seismic data for Clayton Ivy in Houston's Historic Humble Oil field.
The Humble Oil fields are still active and have produced over 138,835,590 barrels of oil. Humble Oil started in these fields, changing its name to Exxon in a mid 1960s restructuring, and merging with Mobil in 1998 to form ExxonMobil (XOM).
4D Seismic's agreement with Clayton Ivy calls for the company to reinterpret seismic data and adapt it to a 4D format for evaluating and determining possible undetected reservoirs in the Humble Oil field. Data migration should be completed within twelve months.
Clayton Ivy, Inc. is the mineral owner of over 100 acres in the Humble Oil field with 23 oil wells. 4D Seismic will be compensated by a fee for service and a participation in any discoveries. With fee income from this project, 4D Seismic will exceed its revenue and net income projections for fiscal 2006 by 40%.
Forward-Looking Statements
This release may contain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and projections about 4D Seismic business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan, changes in the petroleum market, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. The Company assumes no obligation to update information concerning its expectations.
Contact: Donald J. Najvar Sr. Vice President Investor Relations 4D Seismic Phone: 281-980-2354
-------------------- Please do your DD. Break some bread with me!
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Low floater, MMs will be forced to even out the ASK. Its a scare tactics on MMs part, because this company's Float is so low! 80% of all the orders that came in has been at ASKs (sales). IMO, this one has potential for a run.
-------------------- Please do your DD. Break some bread with me!
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talked to Najvar (says its pronounced "Nai-var"); says the old go-kart company was bought out and main funding is via a Texas investment company. According to him:
A/S = 100m O/S = 52m, of which 50m is restricted, owned by the investment company and officers/directors, plus 4.5% by the Asian investors (see preceding PR), leaving the float at 2 million.
Says a group came for a visit this morning, interested in maybe buying a block of restricted shares from the investment company...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by BuyTex: talked to Najvar (says its pronounced "Nai-var"); says the old go-kart company was bought out and main funding is via a Texas investment company. According to him:
A/S = 100m O/S = 52m, of which 50m is restricted, owned by the investment company and officers/directors, plus 4.5% by the Asian investors (see preceding PR), leaving the float at 2 million.
Says a group came for a visit this morning, interested in maybe buying a block of restricted shares from the investment company...
WOW talk about a diamond in the rough.
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want to talk with 'em some more, though...I would like the "IR" guy to be a little sharper...eg, I asked him how long have they been trading, and he kinda stumbled for an answer... could be, though, he's simply the best choice to man the phones...dunno, yet...
[ June 12, 2006, 16:34: Message edited by: BuyTex ]
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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This company is gonna be big. If buys come in very hard tomorrow,....it may see an easy 100% . They are talking about it other boards too . UP is the only direction of this stock.
-------------------- Please do your DD. Break some bread with me!
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Nite moves back on just about any order. Would not surprise me if NITE has very few shares. Look for NITE to buy some shares making the price go up, so he has something to sell.
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we're in the same boat, yet everyday I watch a lil volume move it up... have been wanting to call the company back, but haven't had time...maybe today...
good luck with it, fellas
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Like I said earlier I think someone used a Market order with no Bid support and it sent the stock from $1.50-.05 . I have seen this happen from time to time. Also this is a brand spankin new company as a result of a reverse mergerin earlier this year.
Now that there is attention on the stock and volume will send it soarin, its all up to the company to refrain from putting new shares on the market.
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