posted
Here's a post of mine from back in October when this first ran. I haven't followed up on it since then, but I was very turned off by this conversation. Do you feel like giving a quick update if you know the situation, or are you just playing it as momentum?:
This is really, really weird.
I just called the TA, spoke with the secretary who said "Oh, we've been getting a lot of calls today about them. Let me put you through to Stacy"
Then spoke with Stacy who said "I've never heard of them."
I said "The symbol is NVMG and you are listed as the transfer agency"
She said "I said I've never heard of them!"
I said "Oh, your receptionist just said you've been getting a lot of calls about them today, maybe she put me through to the wrong person."
She said "No, my secretary has never heard of them either."
And she basically hung up on me.
That was the strangest phone conversation of my life.
Something f***ed up is obviously going on here.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Here's a post of mine from back in October when this first ran. I haven't followed up on it since then, but I was very turned off by this conversation. Do you feel like giving a quick update if you know the situation, or are you just playing it as momentum?:
This is really, really weird.
I just called the TA, spoke with the secretary who said "Oh, we've been getting a lot of calls today about them. Let me put you through to Stacy"
Then spoke with Stacy who said "I've never heard of them."
I said "The symbol is NVMG and you are listed as the transfer agency"
She said "I said I've never heard of them!"
I said "Oh, your receptionist just said you've been getting a lot of calls about them today, maybe she put me through to the wrong person."
She said "No, my secretary has never heard of them either."
And she basically hung up on me.
That was the strangest phone conversation of my life.
Something f***ed up is obviously going on here.
sounds weird indeed! damn PC , i forgot to call it momo play in the headline...sorry about that lol but that momo seems gone by now anyway might be a lunchbreak, but it looks done for now...
Posts: 2473 | Registered: May 2006
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posted
Native American Energy Group Acquires Additional Oil & Gas Leases Wednesday January 31, 8:00 am ET
FOREST HILLS, N.Y.--(BUSINESS WIRE)--Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG - News), an independent energy company, is very pleased to announce that it has added 950 acres to its Montana Oil & Gas assets following the approval of the U.S. Department of Interior. The new leases (4) overly the prolific Bakken formation, which contains a well-known producing zone. The U.S. Department of Energy is now calling the Bakken the highest producing onshore formation in the lower 48 states. With the current well spacing at 80 acres, NAEG will have approximately 11 new wells that can be drilled. ADVERTISEMENT
Native American Energy Group is a nationwide, bonded-company by the U.S. Department of Interior, affording NAEG the opportunity and authorization to acquire, develop, and produce oil & gas on all 562 federally recognized tribes in this country. Not every company has this privilege. NAEG intends to begin the permitting process with the State of Montana later this year to drill its horizontal Bakken wells in 2008. Management is confident that NAEG will be able to continue to acquire additional quality oil & gas leases in the near future, having arranged for a $5,000,000 funding that is said to be on-track.
"This expansion as well as others that we are looking at will give the Company tremendous leverage as far as production capacity potential," stated Chief Financial Officer, Raj Nanvaan. "As I had stressed during my speech before the Montana State Tribal Affairs Committee in January 2005, essential to the successful implementation of the Company's business plan is our ability to continuously work closely with the tribes and individual land owners, and to reinvest in their infrastructure, and we have done so."
Chief Executive Officer, Joseph D'Arrigo stated, "Native American Energy is most certainly at a turning point in relation to market awareness. One thing I am looking forward to is capturing the live video footage from the well-site so that shareholders will be able to see their investment dollars at work. Once we are fully financed, oil sales will be common on a regular basis. On April 10, 2005 we announced a WSJ article that revealed Montana's new Oil Boom due to the very prolific Bakken formation on which an oil field was discovered that is producing 48,000 barrels a day. Today, along with NAEG's expansion in this area, we have read that Marathon Oil, the major national and international oil developer, has acquired 200,000 mineral acres from Billings to McKenzie counties and plans to drill as many as 300 wells into the Bakken in the next five years. The following article at the link below by Lauren Donovan in the Bismarck Tribune entitled, 'North Dakota may be bigger oil player than Alaska' describes this situation:"
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.
posted
Native American Energy Confirms Scheduled Funding Feb 6, 2007 9:05:00 AM Copyright Business Wire 2007
FOREST HILLS, N.Y.--(BUSINESS WIRE)--
Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG), an independent Energy Company, reported that the initial portion of its anticipated $5,000,000 funding was confirmed by 'The Lender' to have been released on Monday and is moving through the appropriate international channels and procedures.
As previously announced on Dec. 14, 2006 a financial agreement for $5,000,000 in financing for the Company was arranged by President, Joseph D'Arrigo and CFO, Raj Nanvaan of Native American Energy with 'A Foreign Investment Group.' The interest rate on the note is 8%, due and payable at the end of the five-year term of the loan. The note is being collateralized with restricted shares of the Company's common stock with no conversion feature. Such shares will be returned upon repayment of the note after five years.
Chief Executive Officer, Joseph D'Arrigo stated, "In a few days, the first tranche of this all-important funding commitment will be received into the escrow account of an international law firm followed by an immediate disbursement to the Company. Once we are in receipt of the funds, the company will officially announce it via a news release."
NAEG's previous achievements can be accessed on the Investor Relations page:
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.
Posts: 2473 | Registered: May 2006
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-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in! Posts: 305 | From: connecticut | Registered: Nov 2004
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