PSR Tip - Eternal Energy A0JDD7

zu sein. Wo sind Profis dieser Aktie? Was macht Eternal? Sind die Pleite? Was geht hier und warum? Was abwärts geht muß doch auch mal wieder aufwärts gehen. Oder?  

ich werde die Sache beobachten....wenn die auch nur ein öliges Stück Papier finden, geht der Zock wieder los...oder auch nicht?  

aber ich spekuliere natürlich nur noch auf das kommende Projekt (Quad 41/42 North Sea gas project) ist wie geschrieben im Juli.

Und nicht vergessen, die Amis machen den Kurs, die haben die letzte Pleite hoffentlich schon wieder vergessen, sodaß kurz davor der Kurs steigen wird!?

Was in Nevada-Projekt passiert, davon hört man nie etwas, keine Ahnung...

Bis zum Juli kann man sich jedoch noch billig (bei 0,10 € ???) eindecken, und etwas spekulieren.

Meine Meinung
 

warum?  

 

 

LITTLETON, Colo., May 15, 2007 (PRIME NEWSWIRE) -- Eternal Energy Corp. (OTCBB:EERG) has completed a $1.1-million purchase of a 45% interest in the SW extension of the main body of the West Ranch Field in Jackson County, Texas.  The Eternal acreage has reservoirs similar to those in the main body of the West Ranch Field, which has been a well-known, long-standing producing field.

Ryder-Scott Co., a Houston-based petroleum engineering consulting firm, has analyzed the potential for waterflooding of the Glasscock reservoir underlying the Eternal acreage.  Ryder-Scott attributes 900,000 bbls of proven undeveloped reserves in the Glasscock reservoir (405,000 bbls net to Eternal’s 45% interest).  EERG plans to invest an additional $0.9 million over the next 12 months to implement the Glasscock waterflood.

Waterflooding is a technique used to enhance recoveries of oil by injecting water into a select set of wells. Water is then forced through the reservoir rock, driving the crude oil toward a set of production wells from which the oil is withdrawn.

This is the first production acquisition by EERG.  The acquired acreage currently produces approximately 70 BOPD and 50 mcf/day.  According to a third-party engineering study, the interest of EERG has the potential, at current commodity prices, to generate $300,000 to $400,000 per month of cash during the 18-month peak production period following a successful waterflood.

In addition to the Glasscock reservoir, EERG now has rights to nine other potentially hydrocarbon-bearing reservoirs on the acquired acreage.  A San Antonio-based registered petroleum engineering firm has estimated that there may be an additional 1-million BOE (450,000 net to EERG’s 45% interest) of proved undeveloped reserves in these nine other reservoirs.

PNP Petroleum, Inc. of San Antonio, Texas, holds the remaining 55% of the prospect and is the operator.

About Eternal Energy Corp.:
Eternal Energy Corp. is an oil and gas company engaged in the exploration of petroleum and natural gas in the State of Nevada and the North Sea. The company was incorporated in Nevada on July 25, 2003 to engage in the acquisition, exploration and development of natural resource properties.
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and/or potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, Eternal Energy Corp. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.


CONTACT:                Jamie Kelley
                                   Investor Relations
                                   Eternal Energy Corp.
                                   604-730-2776  

 

Projekt mit Lundin Petroleum startet Mitte diesen Monats, eine Übersicht ist im folgenden Link auf Seite 4 zu finden:

http://www.lundin-petroleum.com/Documents/ot_2007_exp_wells_e.pdf

hier nochn Video:

http://www.webfilms.ca/quad412-flash.htm

3 potentielle Lagerstätten für Erdgas.

Und zu Schluß noch ein Schreiben von Jamie Kelley (Investors Relation v. EERG):

--------------
We have no definite start-up for Nevada however I think the
geophysics and seismic data has now been assembled and is
currently being evaluated with the hope of beginning a drill
program before year's end.

The July 22 date was mentioned again a couple of weeks ago by
Michael Turko of Gulf Shores, one of the partners in the deal.
Again, not confirmed by us, but Michael was bullish on the early
start-up.

The waterflooding is about to start on the West Ranch and should
be completed by the end of summer.

This is the best information I have right now. Thanks for writing.

Kindest regards,

Jamie Kelley
Investor Relations
--------------

Also in Nevada und beim West Ranch Field passiert hoffentlich auch noch was, kurzfristig gehe ich hier mal von 0,30 € aus, die will ich hier schon noch sehen (sehr konservativ gedacht).
Grund dafür ist natürlich der Hype, den es kurz vor, sowie während des Bohrprojektes, geben wird.
Hoffentlich versauen die Insidermachenschaften von GUL nicht wieder alles, so geschen beim letzten Misserfolg im Laurel Valley Projekt.
 

 

EERG Reports Project Updates

Monday August 6, 9:00 am ET

LITTLETON, Colo., Aug. 6 /PRNewswire-FirstCall/ -- Eternal Energy Corp. (OTC Bulletin Board: EERG - News) announces that drilling is in progress on its 41/10a-2 well on the Lytham prospect located in Block 41/10a, Production Licence P1129, in the southern North Sea sector of the United Kingdom continental shelf (UKCS).

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The operator, Lundin Petroleum (OMX Stockholm), has contracted the Global Santa Fe Galaxy II jack-up rig to drill this prospect. Drilling is expected to continue until the end of the month.

Eternal Energy initially contracted with Palace Exploration Company (E&P) Ltd. and International Frontier Resources Corp. (IFR:TSXv), to pay 15% ($1.5- million USD) towards the cost of the 5,500-foot exploration well to earn a 10% interest in a 240,000-acre block in Quad 41/42. Changing market conditions have put the new cost structure to drill and case the well at approximately $26-million USD. This would cause an unforeseen increase in EERG's investment share to a proposed $4.2-million USD. Discussions with Palace Exploration and IFR have been ongoing and the parties continue to explore this development with a view to reducing EERG's position in the prospect.

The final determination will be announced when discussions among the parties have concluded.

Partners in the well include Lundin Petroleum (operator), Challenger Minerals (North Sea) Ltd. and Palace Exploration Co. (E&P) Ltd., Gulf Shores U.K. Petroleum Ltd., Eternal Energy Ltd., Britcana Energy Ltd., and Monarch Energy Ltd.

In other developments, Eternal Energy Corp., after final analysis of geophysical and gravity data, has elected to reduce its exposure to 73,000 acres on its Nevada prospect. EERG is now looking for an operator to joint venture its Mississippian-aged, fractured shale project in the Great Basin of Nevada, adjacent to the prolific Railroad Valley.

EERG continues to own a five percent (5%) overriding royalty interest in 150,000 acres leased to Heartland Resources (HRI:TXv), an oil company that holds leased land with potential reserves in Western Canada and the northern US. Two wells have been commenced to begin to test the potential of this project. EERG has received $500,000 USD spud fees for the first two wells commenced. EERG will receive a $250,000 USD spud fee for each of the next six wells drilled by the operator.

EERG has increased its ownership to fifty percent (50%) of the SW extension of the West Ranch Field in Jackson County, Texas. The Glasscock reservoir that underlies EERG's interest is believed to be a hydrocarbon- bearing reservoir.

Ryder-Scott Co., a Houston-based petroleum engineering consulting firm, has analyzed the potential for waterflooding of the Glasscock reservoir underlying the Eternal acreage. Ryder-Scott attributes 900,000 bbls of proven undeveloped reserves in the Glasscock reservoir (420,000 bbls net to Eternal's 50% interest). Simulation testing is nearly completed and a pilot waterflood in the reservoir is expected begin in the fall.

About Eternal Energy Corp.:

Eternal Energy Corp. is an oil and gas company engaged in the exploration for petroleum and natural gas in the State of Nevada and the North Sea. The company was incorporated in Nevada on July 25, 2003 to engage in the acquisition, exploration and development of natural resource properties. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of Eternal Energy Corp. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.


Source: Eternal Energy Corp.


 

oder wird die Aktie in Ruhe sterben?  

Problem: Die entgültigen Kosten fürs letzte Projekt sind noch nicht genau genannt worden, immernoch "Verhandlungen"...

Chance: West Ranch Field (420000 Barrel Öl für EERG) und Nevada (JV Partner wird gesucht, für Bohrungen ect.)
50 % Partner bei West Ranch ist PNP Petroleum ( www.pnppetro.com )

West Ranch Field Field, Jackson County, Texas is a producing oil and gas field oil field located 1 mile south of Vanderbilt, TX.  The company owns 50% working interest in the entire 1200 acre southwest extension of the original West Ranch 12,000 acre field.  The field was discovered in 1938 and the combined fields have a  cumulative production of over 300 million bbls and 875 Bcf of gas.  The company has had as many as 15 wells active producing over 140 bopd and 3.4 MMscfpd.  The field has a total of  31 wells which have been produced. Currently, the field is producing from 7 wells.  The company is designing an EOR project using waterflood technology.  Recoverable Reserves are estimated to be as high as 0.9 million bbls from waterflooding the Glasscock sand.

Development Update

West Ranch Field:
Our Phase II development plan is complete and all wells that will be used for this Phase are ready for waterflood operations to commence. We have planned two injection wells and three producing wells.  Water from the existing system will be used for the injection fluid.  Ultimately, there are nine injectors and nine producers planned for the Glasscock Waterflood Project.
Current production is approximately 45 bopd.

Hoffentlich geht hier bald mal was los, in die richtige Richtung natürlich ;)
 

die kleinste positive News auftauchen würde... Also sagen wir es so: wenn man heute kaufen würde und die News einigermaßen wäre!?---Hätte man einen Verdoppler! Ich weiß,zu viel wenn und würde und vielleicht.  

Bezahlung für Lytham (war 3 mal so teuer wie geplant, EERG hat "nur" 1,5 Mio. USD bezahlt) fällig wird, kann man den Laden zu machen!(?) bzw. weitere Verwässerung (haben nur noch 1 Mio. USD Cash).

 

 

Mal sehen ob wer antwortet!?  

 

 

neuen Höhen?  

 

 

der Kurs steigt. ist mir aber auch fast egal, Hauptsache er steigt.  

Warum?? Hätte ich das gewußt, wäre ich größer eingestiegen!! Hat mir auch nie jemand geglaubt.  

War aber nicht schlecht!