Anyone ideas who this company might be?
From Czeschin's Oil & Energy Investment Report, May 21, 2001:
... another little company with the same potential as Hardman. This itsy-bitsy company has promising oil properties in Papua New Guinea and Australia, but the property that electrifies me is in California. As I write, they're positioning an oil rig over a hot prospect in a field that has already produced more oil and natural gas than Alaska's famous Prudhoe Bay.
There's no better place to drill for oil or natural gas than right, smack dab next to other proven oil properties. And this company's California property is SURROUNDED by other proven oil properties. That increases the likelihood of them hitting the jackpot by an enormous percentage.
What I'm talking about here is a $10 million company with an honest-to-goodness chance of making a $250 million discovery. I could always see it had loads of explosive potential, but the regulatory climate in California was hellacious; incredibly difficult to get permits for drilling.
But now the energy crisis is forcing California to back-off its regulatory harassment of drillers. So the door is wide open for this little pipsqueak of a company with a great property surrounded by other proven oil properties.
And, because this oil is in energy starved California, if the discover oil or natural gas, the discovery could be worth 3 times what it's worth anywhere else in the world.
Yet, this is a stock trading for 1.7 cents per share. A modest $2,000 investment buys 117,000 shares. That's an astonishing number of shares, and on a move to a dollar, you suddenly have a holding worth $117,000. That's on a modest discovery. On a large one, like Hardman's, the stock could easily move to $10 a share -- and your 117,000 share holdings would be worth more than $1,100,000.
And that doesn't count its oil properties in oil-rich Australia and Papua New Guinea. Papua New Guinea is sort of like Mauritania's coast -- one of the super hot spots for oil drilling.
Now, they will give you the name for $5K!
The California location is probably Bakersfield - anyone have any clue on who this "company" is?
Merry |
