posted
When I watch this, it almost seems as if MMs will drop the pps, scoop up buys and then hold it. Odd...heck I could be completely wrong. Just a bit suspicious. I'm hopeful that the merger news and more oil news will come out. That would be great, especially with the decent volume.
Posts: 3727 | Registered: Jul 2004
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Posted by: WANG In reply to: None Date:2/20/2008 2:02:29 PM Post #of 10799
Feb 20, 2008 14:00 ET Sigma Global, Corp. Provides Activity Update NEW YORK, NY--(Marketwire - February 20, 2008) - Sigma Global Corporation, (PINKSHEETS: SGGC), an emerging oil and gas company, is pleased to update its shareholders on current operations and initiatives.
Brian Conrad, Sigma Global's CEO, will be traveling to the SE Kansas site next week to oversee the bringing online of well 2A and discuss options on an additional lease near the company's current property. The company will perform its final due diligence on the lease and expects to update shareholders on this potential new addition to the company's portfolio of leases shortly thereafter.
The company would like to further announce that it will begin recompletion of a third well on the Company's current property. The well had previously lost pressure due to a crack or leak in the piping. The Company will begin the workover process shortly after well 2A has been brought online. This will bring a total of three wells online by the end of the first quarter. As previously mentioned, the company plans to begin drilling operations for two new additional wells in the first part of the second quarter.
Brian Conrad, Sigma Global's CEO, stated, "We have been working aggressively to increase our net production to an anticipated 50-60 barrels a day by the fourth quarter. I will also be in Kansas next week to witness our second well come online as well as work to close on an additional lease."
Sigma Global is an emerging oil and gas company whose core business is to evaluate profitable oil and gas lease options, build a solid foundation of assets through acquisition of land and leases, and explore and develop opportunities on these prolific properties.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
posted
Yesterday, I saw the price per barrel was $99, and analyst are making predictions of even higher costs per barrel. Still hard to believe oil has become so incredibly expensive! EEK.
JJMoneyman, you are right on the mark. The numbers do look good for this stock.
Posts: 3727 | Registered: Jul 2004
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posted
From Ihub: *** Posted by: Micro Man In reply to: seesaw103 who wrote msg# 10882 Date:2/21/2008 9:30:00 AM Post #of 10908
name change and cusip # changing - kick shorty in the nuts, since every share has to present and accounted for. Game over for those freaking corrupt market maker slime bags
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Got a big take-down for a run. Just added more at 0.0021 - will be a big game in the next 3 weeks - waiting for merger deal.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Nice to see...appears that MMs are trying to bring it up now. About time. 004 looks good to me.
Posts: 3727 | Registered: Jul 2004
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posted
"Once restructuring is complete the company anticipates the capital structure to be under 650M shares outstanding with a float under 270M shares."
-------------------- My opinion is only that. Posts: 384 | From: Colorado | Registered: Oct 2006
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Feb 22, 2008 15:30 ET Sigma Global, Corp. Announces Pro Forma Projections NEW YORK, NY--(Marketwire - February 22, 2008) - Sigma Global Corporation (PINKSHEETS: SGGC), an emerging oil and gas company, is pleased to provide shareholders pro forma projections to assist them in evaluating an investment in the Company.
Brian Conrad, Sigma Global's CEO, stated, "In an effort to better serve our investors we have taken the time to put together pro forma projections for the company based on projected oil production. We have a scalable, realistic business plan that will mature through organic growth. I have personally seed funded the company and have a vested interest in its success. The name change to Pradera Energy and the re-structuring should also be completed in short order."
As stated in a previous press release, the company will change its name to Pradera Energy Corp. and will soon obtain a new CUSIP number and trading symbol. The company attorney has filed the required paperwork with the state and we are awaiting the return of these filings to continue this process. Once restructuring is complete the company anticipates the capital structure to be under 650M shares outstanding with a float under 270M shares. These anticipated numbers reflect current and short-term future financings on a fully diluted basis. All past financings are non-toxic and have or will be used to accelerate the repair and drilling of our additional wells. Any additional funding will allow us to secure potential future leases and is included in the above numbers. After the changes have taken place the company will begin the process to file its form 15c211 and move towards becoming fully reporting when revenue dictates.
By the end of this current quarter, the company expects to have 3 working wells. The drilling of 2 additional wells will begin in the next quarter. The company anticipates a net production of 50 to 60 per day by its fiscal year end. The number of production days is expected to be about 340 days per year. Our projections are based on crude oil futures of $90 per barrel and an average cost of production of approximately $20.00 per barrel. Based on anticipated revenue and costs we expect to generate $1.4M net earnings in fiscal 2009 or $0.002 per share. This does not include any income from additional opportunities we plan to acquire.
Brian Conrad further comments, "I am aware of the recent trading activity in our common stock. I will shortly be requesting a new copy of the NOBO list and DTC records to review the reasons for the activity. We will update shareholders on our findings once we have received all required documents."
About Sigma Global, Corp.
Sigma Global is an emerging oil and gas company whose core business is to evaluate profitable oil and gas lease options, build a solid foundation of assets through acquisition of land and leases, and explore and develop opportunities on these prolific properties.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: Chad Sykes 281-888-5885 Investor Relations chad.sykes*numarketsolutions.com Click here to see all recent news from this company
Posts: 3228 | From: Michigan | Registered: Aug 2005
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quote:Originally posted by sunny: Yesterday, I saw the price per barrel was $99, and analyst are making predictions of even higher costs per barrel. Still hard to believe oil has become so incredibly expensive! EEK.
JJMoneyman, you are right on the mark. The numbers do look good for this stock.
some the analyst reports that I have read this past week will put oil at 125-130 p/bbl by the summer term, and will the chart of oil as it has been and those dang OPEC nations hoarding all the proceeds, I have a firm belief that it will hit it and go well beyond it.. 4 dollar gasoline nationwide, geez!
Posts: 75 | From: Johnson City, TN | Registered: Feb 2004
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Get in at bottom, and never chase a run. **** Posted by: kellerstatistics In reply to: None Date:2/28/2008 12:55:47 PM Post #of 56106
SGGC bottom play. Waiting for o/s reduction, well 2 completion, cusip change, and name change news. It is bound to bounce. Same IR guy as RVGD Chad Sykes
Posts: 3228 | From: Michigan | Registered: Aug 2005
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