CEO – Corporate. George Sharp is an entrepreneur with 35 years executive experience at the CEO/President level. He has founded a number of companies, having taken several of them public. He is a former leverage buyout specialist. Sharp is the company’s visionary and has assembled a diversely experienced management team combining industry-specific background, public market management and extraordinary entrepreneurial skill sets.
Chairman. Jewel Hunt served as the chief executive of a family business which was one of largest U.S. timberland and saw mill operators. Hunt has executive experience as a world-wide specialist in industrial plant manufacturing production processes.
President. Lisa Hunt has 28 years of executive experience at the corporate level. She has worked with many industry leaders to design and implement computer software systems for Corporate 500 clients. She was directly responsible for the development of a number of Dynegy’s energy trading and financial systems, American Bridge Corp’s accounting system, Compaq Computer’s industrial operations management and 30 other systems to various companies worldwide. During the past four years, she has managed the development of the 360 acre property containing our sand and gravel reserves. This has included supervising the design construction of roads and lakes, along with managing the relationships with the EPA, Army Corps of Engineers, TECQ, etc. Ms. Hunt has also developed a proprietary system design to maximize the production of industrial sands and other products.
EVP Corporate. Rick Richards is an entrepreneur with more than twenty-five years of management experience. He served as President/CE of Richards Healthcare, Inc., one of the nation’s premiere rehabilitation service providers, which he founded and managed from 1991 to 2006. Richards was honored as a finalist for Houston’s Entrepreneur of the Year in 1995 and his company was recognized as one of Houston’s Top 100 Companies. He brings his successful executive expertise to Hunt to build investor relations and strategic planning and corporate development.
EVP Business Development. Lou Schwartz has over 25 years experience as a senior sales and business development executive, creating numerous third party marketing partnerships with Fortune 100 companies. He has additionally served as both President and CEO of a public company. He is highly skilled at accelerating revenues, working on coordinating pre-funding strategies and organizing post-funding sales and marketing efforts.
Chief Legal Counsel. Manfred Sternberg, J.D. has practiced law in Texas and Louisiana for twenty three years, representing many oil & gas exploration and production companies. He is also the founder and Chairman of Bluegate Corporation, a public company that provides technology to the healthcare industry. Manfred was recently appointed by, Governor Perry as Chairman of the Texas Health Services Authority.
COO - Sand & Gravel. Charlie Cooper has over 25 years of operational management experience in facilities that mine, process and distribute sand and gravel for construction. The vast majority of those operations have been located in Houston and throughout Texas. He was the founder and CEO of a Houston-based sand and gravel operation.
Posts: 81 | Registered: Aug 2009
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Hunt Global Resources is a partner in Reserve Oil Technologies, formed in early 2009 to take advantage of a business opportunity to acquire a potentially lucrative oil lease at an attractive price. The company now currently owns the lease on 88 wells (each fifteen years old) and 70 Production Un-Developed (“PUD”) sites for new drilling, located in the Bateman Field in Caldwell and Bastrop Counties, between Houston and San Antonio. This field is 1,212 contiguous acres and is has a shallow field depth of 2,400 to 2,600 feet. Under standard calculations, the total probable barrels of oil is between 1,500,000 and 2,000,000.
In acquiring the lease of the Bateman field, the previous lease holder had been in the testing stage of enhanced oil recovery for eighteen months. Enhanced Oil Recovery –EOR - is a generic term for techniques which increase the amount of oil that can be extracted from an oil field once the original or primary drilling efforts have stopped due to lack of production. Using EOR, it is estimated that up to 65% or more of the formation's original oil can be extracted. This is compared with 20-40% typically extracted from the primary recovery process.* (*DOE)
During the past four months, the company has been involved with the general overhaul of the property and 56 wells, including replacing pumps, motors, well casings, and pressure steaming the wells to remove sand, silica and other deposits in order to restore production. The plan was to continue to re-work these wells to rejuvenate production and use the profits from the enhanced oil recovery methods to begin the drilling of new wells.
In moving forward with the business, the company currently is exploring three offers that involve either selling the oil lease and/or enhancing revenues through a joint venture with an experienced oil field operator. The facts that the company purchased the lease at a very low price, that the initial work-over efforts have produced results, and that the Austin Chalk area is considered an attractive oil investment, combine to make a projected profitable future for this project.
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Chi-Trade, you did an excellent job researching this one. I wonder how long it's going to stay in the Northern zone. I rather like it to continue upwards North.
Posts: 480 | From: Minneapolis | Registered: Jul 2009
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Oh! this one is shooting through the roof. But the bid is controlled for now.
Posts: 480 | From: Minneapolis | Registered: Jul 2009
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Chi-Trade, is this another great time to buy? I hope I am not getting in again too late at the 0.04 asking. Maybe I should wait and see whatit will do.
Posts: 480 | From: Minneapolis | Registered: Jul 2009
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I am glad I waited. It took a dip to 0.025 at one time on the asking side. Its now at 0.03. I would have taken a 39% plus cutback on the money. I am still waiting......
Posts: 480 | From: Minneapolis | Registered: Jul 2009
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i was at work all day hot...couldnt sign on. Any time before this PR comes out is a good time IMO..i was going to alert you at -46% today but i couldnt sign on. sorry
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