posted
Personally I beleive the first run up was internet hype... I have been watching and listening to people about this for a little while, hence why I didn't really jump for joy with a .002 to .003 run....
I find it harder to believe that a 85 mil O/S company can have this many shares again traded, and the price dives like this...
The S8 was for only 20,000,000
Add that to the March 08 numbers of about 65,000,000 O/S and you will see why it doesn't make sense...
Company valued at $25,000,000
MC under $200K
Less than 100,000,000 shares, and more oil and gas being produced with their pipeline completed.
posted
Looks like what they filed with the SEC is either total bs, or they are maybe registered in a different state?? Either way, 1b A/S does seem more realistic given the recent vol.
UPDA also had 1.5 billion authorized, and did a 1 for 10 reverse. It states that their A/S as a result of that R/S went to about 150,000,000. But somehow in a filing they stated it to be 100,000,000 exactly, which sounds like they just lowered it for what ever reason.
Now this is UPDA based on the Beacon report.
Maybe it is possibly that HTOG when they did their R/S they did the same thing?
I see no where in the SEC filings anything saying 1 billion A/S....
Also, it looked like dilution was minimal over the past several years, it kept showing 42,000,000 2006, 2007 and now 2008. But there was a reverse in 2007.
Looks like they need to find an accountant with an abacus, and provided some accurate data.
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posted
Sorry, I meant they would file for ISSUING more shares.
But usually you see something written saying, "We are increasing the A/S to ????"
This is all I see in the last AMEND... ------------------------------------------------ As of April 20, 2007, the Registrants had 100,000,000 shares of authorized common stock, of which 97,368,777 shares of common stock were issued and outstanding. ---------------------------------------------
The reverse took place July 07 1 for 10..
Maybe I am missing it, but it looks like, they diluted it to 97,000,000 and reversed it, then now currently ran it back to about 62,000,000, because I see no other reverse, and all the Issued shares seemed to be in the 29 million to 97 million range over the past few years.
Unless you see something different, perhaps you can point it out to me.. Thanks....
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In the report, the analyst writes, "With the completion of drilling operations over a two-year period, HTOG could boost production and gas sales to $36 million annually. Assuming a 30 percent EBIT margin, and a 10-year time horizon, this project could generate a Net Present Value in a $15 million range ... we continue to think HTOG has attractive energy assets and significant growth potential. Accordingly, we are reiterating our Speculative Buy rating for Heartland Oil and Gas Corp.
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posted
NEWS!! JACKSBORO, Texas, Jun 30, 2008 (BUSINESS WIRE) -- Heartland Oil and Gas Corp. (HTOG) (FWB: HOCA) has achieved another milestone as it continues to expand the production from its oil and gas properties, posting revenues in excess of $220,000 from its natural gas fields in Texas. Combined with its expanding coalbed methane production in Kansas, Heartland posted total natural gas sales of more than $330,000 in May. With the completion of its nearly 4 mile pipeline expansion project and the subsequent connection of 12 additional wells in Kansas, Heartland expects to double its coalbed methane production. This accomplishment will also allow Heartland to accelerate its efforts to further expand its natural gas production in Texas in the next phase of its well improvement plans directed at the 5 Barnett Shale wells Heartland has completed in Palo Pinto County. As previously reported, those improvements will include the installation of a salt water disposal well and connection to a low pressure natural gas sales line. "With natural gas prices projected to continue their escalation, these additional production increases should result in exponential revenue growth," remarked Heartland Spokesman Jack Baker. "In light of the many obstacles we have encountered as we have pursued our business plan, including the tightening credit markets, soaring oil field service and supply prices and inclement weather, the undeniable success we are now achieving is most satisfying. These successes should translate into expanding shareholder value, the ultimate goal of every public company." About Heartland Oil and Gas Corp. In April 2007, Universal Property Development and Acquisition Corporation (UPDV) () acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. () as its wholly owned field services subsidiary. For further information, visit . Heartland Oil & Gas Corp. (HTOG) recently received a reiterated "Speculative Buy" from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at . Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions. SOURCE: Heartland Oil and Gas Corp.
-------------------- money for nothing!!
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