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To: littlechuter who wrote (180811)10/6/2013 5:10:22 PM
From: Ed Ajootian  Respond to of 206326
 
littlechuter, I agree that 3Q should be good for OEDV now that they have apparently succeeded in getting the electricity grid built out to most of their wells. For ENRJ, the historical 3Q numbers may not be all that mind-boggling but the intriguing upside there is, how many reactivations and recompletions in this new field they acquired with the Black Raven merger, the Adena Field, might they have succeeded in finishing by the time they announce 3Q numbers. Its my understanding that it only takes about a week or so for each of these reactivations or recompletions, and the only reason it takes that long is that the first thing they do is take a cement bond log and other tests on the casing to make sure it will still be capable of producing. If it turns out that the casing does not pass muster then they just move on, which I believe happens about 10% of the time. In their OGIS presentation they said they have a rig out at the Adena Field as we speak. Say they've gotten 6 of these things done by the time they announce 3Q -- that additional production would represent a material increase in production it would seem.



To: littlechuter who wrote (180811)10/25/2013 9:35:02 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 206326
 
littlechuter, American Eagle Energy (AMZG) -- Great to see someone else with an interest in this stock. Their story has some similarities to OEDV in that they are in a hot play but are in a part of the play that had not previously been considered to be one of the sweet spots, but are proving the consensus to be wrong. It was disappointing to see them have to take such a significant haircut on their equity raise but it appears that that is just going to be a temporary blip on the stock chart and the stock price is now just a dime away from where it was before the raise, and is actually higher than where it was before the road show for the raise began.

Part of the reason for the buying in the last few weeks is no doubt due to folks who are trying to complete building their positions in the stock prior to the 3Q earnings release and the announcement of the uplisting to the NYSE MKT (formerly Amex). From their ops update we already know that 3Q financials will not be all that exciting (given that production was flat vs. the prior quarter) but I'm expecting them to begin the practice of holding quarterly conference calls with the 3Q release and as we all know, those can help the cause for a company that is in hyper-growth mode such as AMZG.

Its great to see that Northland Securities is stepping up to the plate on AMZG with a $4 PT (see northland.bluematrix.com ).



To: littlechuter who wrote (180811)11/14/2013 5:02:10 PM
From: DELT1970  Read Replies (1) | Respond to of 206326
 
Interesting tease from the EnerJex CEO on their Adena field:

Management Comments

EnerJex's CEO, Robert Watson, Jr., commented, "The integration of Black Raven's team following completion of the merger has been very smooth and I am excited about our initial results at Adena Field, which offers tremendous potential for a small company like EnerJex. We have already re-entered and tested three wells at Adena which are currently in the process of being tied into production. I look forward to updating investors on our initial results at Adena in the near future along with results from our Kansas operations where we continue to actively drill."

finance.yahoo.com