quote:Originally posted by Doniboy: Well it looks like good news to me Schwabie. If the OS was bothering people and now they said that most of it is restricted....well thats good. But of course you may not believe them. I guess that can be true of any Pinkie though...so if we don't invest in what we can't verify....and all Pinkies could be liars...then why are we here???
SO THIS ISN'T DISNEY WORLD ?
OMG I BEEN IN THE WRONG PLACE ALL ALONG !
LMAO
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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I lOVE DISNEY WORLD...however, I think I soent more at a Disney world park in one day then I have lost in all of Pinkie Land..... I wish I owned that Park....
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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quote:Originally posted by Doniboy: What do you think that it "should" be?
It all depends on the amount of oil. The contracts states "on going", its not a spot contract. They have basically stated no dilution. They have been forthcoming, and are locking up shares. This tells me they are paying attention. I have emailed the company with some thoughts, and questions. I will post when they respond.
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Today’s Price Performance as of 3:52pm EDT, 10/09/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0080 Last Price 0.0025 -23.81% Today’s Change $0.01 Today’s Open 4,554,710 Below Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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posted
NVMG Granted License to Build Affordable, Safe, Energy-Efficient Homes on All Federally Recognized U.S. Indian Reservations
Business Wire "US Press Releases "
FOREST HILLS, N.Y.--(BUSINESS WIRE)--
Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG), a company that specializes in locating and revitalizing shut-in production and/or abandoned oil fields on and off tribal lands, is pleased to announce that on October 4, 2006, the Company signed a Joint Venture Profit Share Agreement with homebuilder, Eurowest Panel Homes Ltd., a corporation organized and existing under the laws of the Province of Alberta ("Eurowest"), in which Native American Energy Group (NAEG), as Master Licensee, was granted an exclusive, non-transferable right to use the Patents, Trade-marks and the Systems Knowledge in connection with the Licensee's manufacture, sale and distribution of CSPS, and related products, as well as the use of the Patents, Trade-marks and Systems Knowledge, within the Territory (the "License"). Said Territory includes all 562 Native American Indian Tribes and all Native American reservations in the Unites States recognized by the United States Department of Interior - Bureau of Indian Affairs, as well as and including, the non-tribal lands in the following states in the Northwest Region of the United States of America: Montana, Wyoming, North Dakota, South Dakota, Idaho, Oregon, Washington.
NAEG's CEO, Joseph D'Arrigo, stated, "We've been helping the native Montana community of Fort Peck, where our Company is established, to use their energy resources as the foundation for building a stable economy... since oil is NAEG's main business, however, our study of this area has lead our Board to conclude that a multi-faceted approach was really in order. This joint initiative with Eurowest, at once, provides access to the affordable housing market on the reservations, and throughout the northwestern U.S. to our Canadian Partner, while at the same time it allows NAEG the chance to help expand homeownership opportunities within Native American communities here and elsewhere by creating safe, efficient, affordable housing. Therefore, Eurowest Panel Homes Ltd. and Native American Energy Group, Inc. (NAEG), the Licensee, will operate on a (50% / 50%) fifty / fifty profit share basis regarding all net profits after expenses on this particular project. The protocol also calls for a jointly owned manufacturing plant to be established on the reservation, and a complete technology transfer." "Upon our receiving the approvals," D'Arrigo added, "upon introducing this technology to Indian Country, Eurowest will supply a 'model home' to be placed at an agreed location for marketing the Eurowest Panel Home Technology."
About the Eurowest Technology
Eurowest has developed a unique, cost-effective method of manufacturing a Cellular Cement Filled Steel Panel System for residential homes, commercial buildings, warehouses, farm buildings and other structures that has been perfected during the past several years, and a patented process which also includes a Polymer Stucco Coating on the exterior and interior of the steel panels referred to as the "Eurowest Panel System." The Joint Venture will also market the value added on products such as the solar panels, water and sewage treatments and garbage handling technologies.
The "Eurowest Panel System" offers significant advantages over the conventional wood-framed, log, stone, concrete and brick buildings:
-- Reduced overall cost
-- Reduced manufacturing and erection time
-- Easy to mass produce in any part of the Globe
-- Requires only minimal skills to erect
-- Easy to assemble or disassemble and move
-- Superior strength
-- Will not shrink, warp, split, swell, rot, or rust
-- Withstands winds in excess of 200 km/hr
-- Earthquake resistance to seismic zone 4
-- Fire-resistant
-- Burglar resistant
-- Termite and rodent proof
-- Lower Insurance Cost
-- Preservation of trees
-- Steel is 100% Recyclable
Eurowest has been operating its research and design, prototype plant at a facility in Northeast Calgary, just North of NAEG's oil & gas operations, which are just 60 miles from the Canadian border. Eurowest also has an office in the Philippines whereby factory plant equipment required is manufactured. During 1999, Eurowest established a connection with Mexico when it contracted to build 100 homes there, and the company began to receive some favorable press. A newspaper article entitled, "Calgary firm ships prefab homes to Mexico" can be seen at the following link that also includes a current photograph of a one of their finished houses:
An "Immediate Need" of 200,000 housing units is estimated in Indian country, * and approximately 90,000 Native families are homeless or under-housed. * (U.S. Commission on Civil Rights, "A Quiet Crisis: Federal Funding and Unmet Needs in Indian Country," 2003) The average cost of a new home on a reservation is $125,000. (U.S. Department of Housing and Urban Development (HUD), 2003), however, the Native American homeownership rate is estimated to be as low as 33%, lowest among all ethnic groups and less than half the rate for the general U.S. population. ("Homeownership in Indian Country," The Enterprise Institute, 2004)
Statement of Pattye Green, Senior Business Manager, Fannie Mae Speaking before the Committee on House Financial Services Subcommittee on Housing and Community Opportunity on July 31, 2006, Pattye Green emphasized that, "Finding ways to create affordable housing opportunities for Native American families living on tribal lands is one of the toughest challenges we face. ...We all know too well the statistics regarding Native American housing. The homeownership rate on reservations is 41 percent, well below the national average of 68 percent. Native Americans have chronic housing problems -- overcrowding, substandard conditions, inadequate infrastructure and a lack of affordable financing. According to the National American Indian Housing Council, nearly 33 percent of homes on tribal lands-more than six times the national average-are overcrowded, less than half of the homes in Indian Country are connected to public sewer systems, and 16 percent of these homes lack complete indoor plumbing. Almost half of Indian households pay more than 30 percent of their income for housing expenses, compared to 23 percent of all households in the U.S." In addition, she stated however that, "Fannie Mae has worked closely with tribes and other housing partners to support both the construction of new units and rehabilitation of existing units through investments in low- income housing tax credit investments (LIHTC), collateralized revenue bonds, and HUD guaranteed Native American Housing Assistance and Self Determination Act (NAHASDA) Title VI loans. We have also begun to provide Tribal Housing Authorities with additional financing via our Community Lending business channel to help bridge funding gaps during the construction phase of their developments."
Conclusion
Back in May of this year, Joseph D'Arrigo, Chief Executive Officer, and Raj Nanvaan, Chief Financial Officer of Native American Energy Group attended the Council of Energy Resource Tribes conference (CERT) in Denver Colorado where they had the opportunity to meet with directors and administrators from various organizations such as the U.S. Department of Housing & Urban Development (HUD), U.S. Department of Energy (DOE), as well as, Joe Garcia, the President of the National Congress of American Indians (NCAI). These organizations work together in promoting self determination among Native American tribes in the United States by implementing programs and workshops to educate, guide and assist them in achieving their objectives, and to promote economic development in these various regions.
Since then, NAEG has been in contact with these organizations as well as housing authorities of many reservations in the country to implement a plan of action geared to assist Indian Country in meeting this demand of over 200,000 homes. This action would not only provide housing for those in need, but also stimulate the economies by providing employment opportunities, as well.
Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
Source: Native American Energy Group, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits
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NAEG Acquires Mason Oil Lease in Former Exxon Field: Core Sample Reveals Bakken Section Business Wire - October 12, 2006 09:53
FOREST HILLS, N.Y., Oct 12, 2006 (BUSINESS WIRE) -- Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG), a publicly traded, independent energy company that, in Aug 2006, announced its initial oil and natural gas production on the Fort Peck Indian Reservation, is pleased to announce that it has acquired the Mason Oil Lease, located on the Poplar Field in northeast Montana. Although shut-in, the Mason is a well that lines up with the current Bakken trend within NAEG's targeted leasing area. Bearing in mind that modern, horizontal drilling techniques have made the Bakken zone a well-known producing formation, this acquisition becomes the latest in a series of acquisitions that have strengthened NAEG's presence in Montana, while increasing its proven & probable reserves and Bakken production potential.
Exxon hit the first discovery well in the Poplar Field in 1951. They operated their wells for a while and then other oil companies like Murphy Oil and Ballard came into the area. A total of 350 wells were drilled in the field and the average amount of production from most wells was 500 BOPD. The formation from which they have primarily produced was the Mission Canyon section of the Charles formation in the Mississippian Period. Research indicates that originally they shot the wrong zone and didn't see commercial amounts from the Mason, and shut the well in. Century Oil went back in and shot another section and operated the well for a while. The last production on the Mason was around 50 BOPD. It had good shows in the Mission Canyon and Charles C section, also good shows in a 20-foot section called the Nisku. Significant to NAEG is that the Mason Well was cored... and the records and an examination by NAEG's Geological team of the core sample have revealed a "Bakken" section at 7250 feet. It is to NAEG's advantage that modern horizontal drilling techniques of recent years now enable operators to economically tap into the real potential of the Bakken formation; whereas, back in the 1950's & 60's oil companies simply gathered the oil that was being plentifully released from the zones in the better known producing formations of their time from the conventionally drilled, vertical wells that they owned, and then they basically moved on, leaving much in untapped reserves behind.
Multi-Year Play
Joseph D'Arrigo, President and Chief Executive Officer of Native American Energy Group commented, "NAEG's expansion is being led to the horizontal middle Bakken play, so I want to take a moment with our shareholders to explain how value is being added. In addition to the wells we have re-worked and completed, we have also had our field operators continuously evaluating the drilling results of other operators in the Williston Basin area. The region was plenty active with drilling programs this year. Since 2001, over 250 new wells have been drilled and completed. Conventional wells in the Bakken Play showed about a 95% success rate and, importantly, there was only a tiny percentage of dry holes. The investor sees little risk and very big rewards in such a scenario. In Richland County, for instance, wells typically produce at initial rates of 200 to 600 barrels of oil per day, after completion, and gas volumes range from 50-300,000 CFGPD. Reserves per well are estimated from 350,000 to 500,000 barrels of oil. There are exceptions to this average which is directly related to the size of your pocket book, the location of the properties, and the right combination of drilling and completion technologies. EOG Resources, Inc. (owned by Continental Resources) stands alone as the leader, with 2000-5000 BOPD being common to this group, along with twice the norm in gas production."
Mr. D'Arrigo continued, "Bottom line is, the NAEG team has therefore outlined as many as 10 exploratory wells within or adjacent to the Middle Bakken fairway that can be scheduled to begin in 2007. These are to be drilled throughout the 25,000-acre leasehold to determine the Bakken production potential for NAEG. The spacing could be an issue, I am told, but we feel that 640-acre unit spacing will be the norm. I am pleased to say that the budget for the drilling program will be 50% less than current cost due to the utilization of existing wells on the acreage initially. The elimination of the drilling costs associated with the existing 6500' wells, the Company's own logging and completion services, and our extensive geological research of the area will help position us for a successful future. There should also be additional locations remaining to be drilled well beyond 2007. Some will be grassroots. In that regard, I would anticipate that some wells are likely to be joint-ventured, since we are open to this avenue, while others will be re-entry wells. We intend to bring our production rates gradually up to speed, however, we are also aware that we must have plenty of leased acres for drilling in order to continue the pace. Therefore, we are concentrating a great deal on NAEG's oil and gas property acquisition program. As we endeavor to enhance our results and improve our position, a significant increase over our 2006 activity can be expected. 3-D seismic surveys, a horizontal Bakken formation program employing NAEG's cutting edge oil & gas perforation and proprietary, down-hole oil & gas stimulation technology all are planned for 2007 on NAEG's Bakken wells in the Williston Basin."
posted
big flip, they hit 40 yrs. ago there, we dont care tell us you hit again. this thing is almost as dry as their land. and im not a bashing im holding to but who cares if the lands not producing????????????
-------------------- GOD BLESS AMERICA, THE UNION, AND ALL OF OUR VETERANS!!!!!!!
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An average of 500 Barrels per day a piece out of 350 wells.
175,000 per day 5,250,000 per month $315,000,000 per month? Holy sh!t!!!!
That's $3,780,000,000 a year!!!!!!!
Native American Energy Group, Inc. (OTC: NVMG) - Thursday's shares decreased 18.75% to $0.0065 per share with a total of 3,304,317 shares traded. The company announced its initial oil and natural gas production on the Fort Peck Indian Reservation, is pleased to announce that it has acquired the Mason Oil Lease, located on the Poplar Field in northeast Montana. Although shut-in, the Mason is a well that lines up with the current Bakken trend within NAEG's targeted leasing area. Bearing in mind that modern, horizontal drilling techniques have made the Bakken zone a well-known producing formation, this acquisition becomes the latest in a series of acquisitions that have strengthened NAEG's presence in Montana, while increasing its proven & probable reserves and Bakken production potential. Exxon hit the first discovery well in the Poplar Field in 1951. They operated their wells for a while and then other oil companies like Murphy Oil and Ballard came into the area. A total of 350 wells were drilled in the field and the average amount of production from most wells was 500 BOPD. The formation from which they have primarily produced was the Mission Canyon section of the Charles formation in the Mississippian Period. Research indicates that originally they shot the wrong zone and didn't see commercial amounts from the Mason, and shut the well in. Century Oil went back in and shot another section and operated the well for a while. The last production on the Mason was around 50 BOPD. It had good shows in the Mission Canyon and Charles C section, also good shows in a 20-foot section called the Nisku. Significant to NAEG is that the Mason Well was cored... and the records and an examination by NAEG's Geological team of the core sample have revealed a "Bakken" section at 7250 feet. It is to NAEG's advantage that modern horizontal drilling techniques of recent years now enable operators to economically tap into the real potential of the Bakken formation; whereas, back in the 1950's & 60's oil companies simply gathered the oil that was being plentifully released from the zones in the better known producing formations of their time from the conventionally drilled, vertical wells that they owned, and then they basically moved on, leaving much in untapped reserves behind.
Native American Energy Group (NAEG) is a publicly traded, independent, energy company that has established its infrastructure and operations on the Fort Peck Indian Reservation in N.E. Montana. The company specializes in acquiring and revitalizing abandoned oil fields with substantial known reserves in place, as well as, introducing energy alternatives such as wind & geothermal energy solutions. We spotlight oil fields which were previously developed and capped due to depressurization, production falling below commercial levels at that time, or in situations in which oil & gas leases were terminated by the tribal governments due to improper development and/or refusal to simply employ Native Americans.
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Today’s Price Performance as of 9:48am EDT, 10/13/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0060 Last Price 0.0005 -7.69% Today’s Change $0.0065 Today’s Open 2,415,000 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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Today’s Price Performance as of 10:02am EDT, 10/13/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0056 Last Price 0.0009 -13.85% Today’s Change $0.0065 Today’s Open 2,575,000 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
IP: Logged |
posted
Today’s Price Performance as of 10:28am EDT, 10/13/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0055 Last Price 0.0010 -15.38% Today’s Change $0.0065 Today’s Open 4,360,000 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
IP: Logged |
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