SW/ALL: Aspen's CEO was on Sunday TV Show called "Let's Talk Stock". They are just beginning a "Public Awareness Campaign" to bring their success story to the public. The followers of this board may want to quickly scroll down for the highlights of Aspen's progress under their CEO, Jack Wheeler, formerly of Texaco and Sonat Exploration. Much DD is also available including information on their last 3 profitable quarters, an industry Research Report that shows their Net Asset Value at 92 cents (triple the stock price), and other information. CLICK HERE: ragingbull.com
HIGHLIGHTS from "Let's Talk Stock" TV Show
The following are quotes spoken by Jack Wheeler, CEO, President and Chairman of Aspen Group Resources Corporation (and formerly with Texaco and Sonat Exploration). They are excerpts taken from the Sunday, June 25th broadcast of the "Let's Talk Stock" TV program. Hopefully an official and complete transcript or rebroadcast will be available (see end of this post for a transcription disclaimer). For more information, Shareholders can visit the website at letstalkstock.com
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Jack Wheeler had on a great tie (crucial info, of course) and addressed several topics:
THIRD QUARTER RESULTS
"Our earnings this quarter are 800% greater that the prior quarter. They're $9 Million dollars greater than they were this quarter a year ago."
R.O.I. (Return on Investment)
"We've had an 8 to 1 return on our investment from the very beginning of the initial well that we purchased and I think that's important, because typically in the oil and gas industry you're seeing returns of about 10% and we've far exceeded that with our business plan and our business strategy, and the focus we have of running our business and being a hands-on management team."
[SmartStockAdvisor comment: remember some Companies are primarily exploration Companies; whereas Aspen is an exploitation Company (as Mr. Wheeler stated in his Audio Interview with WallStreetWebCast). This means that they buy interests or develop wells that are producing or known to be producing. This is a more fiscally conservative plan than banking their efforts on hitting it big on a wildcat well.]
INCREASED NET WORTH AND REDUCED OVERHEAD
"We've increased the Net Worth of the Company from $135,000 to about $130,000,000. I think there's a lot of great things I can tell the Shareholders."
"We've reduced overhead by 24%"
CASH FLOW
"Presently we have cash flow of approximately $600,000 per month. Taking care of our debt and all of our expenses, we've got in excess of about $230,000 to $240,000 a month that we can use for additional development."
HEDGING CONTRACTS
"We're focusing on trying to use some the capabilities that exist in today's market to lock in long term prices for our product to ensure that we can take advantage of the significant value that's out there today as far as the prices in the industry."
[SmartStockAdvisor note: Oil and Gas prices are significantly higher over the last 2-3 months. Recent quarterly earnings, as stated by Mr. Wheeler recently in the recently Audio Interview, were based primarily on $17 Oil and $2.25M/cf Natural Gas. Now that prices are significantly higher the Company is seeking to lock up a significant amount of their production for 1-2 years]
ADVANTAGES OF DIVERSIFICATION
"I think that it's important to realize that because of the diversification that we have, it enables us to take advantage of a lot of the opportunities that exist in today's market. One of the key things that we're looking at is hedging our oil and gas production so that we can quantify the prices that we're going to receive in the next several years for our product. That would enable us to be more aggressive in our acquisition program and also be able to ensure that we can cover all of our existing costs relating to the exploration and development of our properties and to continue to have good earnings for our Shareholders."
PUBLIC AWARENESS CAMPAIGN
"The key thing is we need to work harder on getting the good news out to the Public."
"For someone that doesn't know Aspen and may not be familiar with the oil and gas industry, the story that I would tell somebody is that it's a great story. It's a great Company."
TRANSCRIPTION DISLAIMER: Every effort has been made to be accurate in the transcription of the quotations mentioned above, but the exact wording is not guaranteed by SmartStockAdvisor or Aspen Group Resources Corporation. Hopefully an official transcription of the entire broadcast will be available to pass along to Shareholders. The above is selected portions of the Aspen portion of the broadcast and not the entire contents of the 30 minute show or of Aspen's portion of it. Individuals may want to view the rebroadcast of the June 25th TV program or the entire contents of the transcript, if they become available, before making any decision to invest in Aspen based partly or wholly on the above posting.
FOR ADDITIONAL INFORMATION ON ASPEN: Please visit the Company website at asgrc.com or the "Info-Only" Aspen Board at ragingbull.com
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Disclaimer: SmartStockAdvisor is a compensated agent of Aspen Group Resources Corp. Please see the following link for the complete disclosure, which has been updated with a Toll Free phone number.
Message 13897230
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The Link Above Links to the following:
FYI- SmartStockAdvisor Contact and Disclaimer Information for Aspen Group Resources Corporation
CONTACT: Investor Relations - SmartStockAdvisor.com,
Phone: 877-710-1426, E-mail: smartstockadvisor@yahoo.com
Disclaimer: SmartStockAdvisor is a compensated agent of Aspen Group Resources Corp. SmartStockAdvisor has been hired to perform investor relations for the Company and is being compensated as follows monthly: 46,167 shares each month for a twelve month period beginning April 6, 2000 to
April 6, 2001. Some individuals comprising SmartStockAdvisor hold individually owned unrestricted
shares of Aspen, which collectively amounts to less than one tenth of one percent of outstanding
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