Please read for FYI centralbasinoil.com Initial Capital Funding
Initial capital funding received by Central Basin Oil Investments, Inc. and subsidiaries will be allocated toward the purchase and development of the three (3) separate acquisitions, more specifically identified as follows: (1) the Griffis and West leases located in Coleman County, Texas. The acquisition of the aforementioned lease hold interest represents a (i.e. 50% W.I., 37.5% N.R.I.) and the right to re-work six (6) existing oil and gas wells, execute a ten (10) well developmental drilling program and upgrade necessary equipment used by Central Basin Operating Co., Inc. Petroleum geoscientist and geology reports indicate a ten (10) year economic life of the property and estimate the recovery of 616,000 barrels of oil and 1,710,000 mcfg (PDP/PUD) as a result of finalizing the Griffis and West acquisition and executing the capital allocation programs planned and outlined for this property. (2) The Bradley Brothers Lease, the Francis Wilder Lease, and the J.B. Bradley Lease – located in Navarro Co., TX, represent approximately (300) acres held by production with five (5) excellent potential re-work candidates, and collectively, the leases are qualified as a “blanket formative” for oil and gas reserves. Central Basin Natural Resources, Inc. and subsidiaries are planning for a ten (10) to twenty (20) well “low risk/developmental” drilling program. (3) The P.H. Barnes Lease – located in Brown Co., TX, is also held by production and is a lease qualified as a “blanket formation” for oil and gas reserves. Central Basin Oil Investments, Inc. and subsidiaries are planning for a twenty (20) well (2 acre spacing) “low risk/developmental” drilling and water flood program.
Central Basin Oil Investments, Inc. and subsidiaries will utilize its access to the referenced oil and gas rich petro-chemical and geographical circles of influence to establish a high profile and respectable identity and/or “model” for developmental/small capitalization publicly traded oil and gas holding companies.
In summary, the near term corporate goal and focus is the successful accumulation of “critical mass” (i.e. individual well count and production per day/per year hedged by “geographic separation” of assets with the appropriate oil and gas ratios. Central Basin Natural Resources, Inc. and subsidiaries is a “low risk business model” which has vertical growth potential in terms of asset accumulation, gross and net revenues while maintaining and enhancing public company shareholder values.
Jason Halek
President and CEO
Central Basin Oil Investments, Inc.
Please do not invest on information that I provide!!!
Posts: 395 | From: south dakota | Registered: Nov 2006
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Looks like the CEO of Magnum is a Dave Aldrich according to Desmond. CBO energy listed above is addressed to the same city, street, suite #, and fax number. Conveniently CBO's website is down today. Still alot of grey areas in determining how all this gets put together. But the dealership that the website is registered to in Halek Auto who runs several energy companies himself including CBO. So could be silent partner of some kind. Wording is going to be vital in the upcoming PR's.
Posts: 395 | From: south dakota | Registered: Nov 2006
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This is combined info from alot of people so please use as u see fit and do not invest on this info alone.
Posts: 395 | From: south dakota | Registered: Nov 2006
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Do I take the "R" to mean a reverse merger? If so, could you please point out exactly where in the various PR it mentions a reverse merger specifically?
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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Press Release Source: ECFL and Magnum Energy Inc.
Magnum Energy and ECFL Begin a Combined Program of Drilling-Stimulated Production Monday December 11, 6:00 am ET Estimated Results: $50 Million in Oil Reserves
On Yahoo News from business wire
Looks good for today IMO
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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stock is starting to base for pr release that will be released tom. good buy opportunity IMO
Posts: 395 | From: south dakota | Registered: Nov 2006
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Talk about new merger to be announced tomorrow, Friday, Dec. 29th on IHUB. Good time to buy before announcement.
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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ECFL Announcing New Business Developments and Shareholder News for '07
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
eCarfly, Inc. (Pink Sheets:ECFL) has announced today that all merger documents have been canceled and any future talks with Magnum Energy will discontinue. Company officials for ECFL recognized early, that the merger was not in the best interest for the shareholders.
ECFL has their eyes focused on a certain business that they feel will captivate the interest of the shareholders along with creating a new generation of business. As excited as ECFL is to announce this strategic development, NO NEWS will be brought to the public until absolute merger certainty is established and consummated.
"ECFL is in a position that will substantiate any business model. As of today, ECFL is keeping all doors open and we're working diligently on finding the most suitable company for our team to merge with," stated Desmond Milligan, CEO.
Mr. Milligan further stated, "I am determined to seek out a company that will afford and reward our current shareholders to see previous 'highs' with regards to our PPS."
Disclaimer
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
Source: eCarfly, Inc.
Posts: 1580 | From: World | Registered: Jul 2006
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