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   Gold/Mining/Energycoastal caribbean (cco@)


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To: Edwin S. Fujinaka who wrote (4669)7/21/2008 8:13:45 PM
From: Rob Skaff
   of 4686
 
I guess the far more important question is what's causing the recent accumulation, and why is it that 2-3 times per week, people come in buying like they must own this stock, not paying too much attention to their purchase price.

I'd guess anyone who is purchasing at volumes at these levels believes the stock is worth 2-3 times the current value (or better) -- what do they know that we're not seeing published?

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To: Rob Skaff who wrote (4670)7/22/2008 12:57:24 PM
From: DrAllan
   of 4686
 
Rob

I have the same questions and concerns. It seems though the stock price goes up then trickles down..goes up then trickles down. I wish I knew what was going on?

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To: Rob Skaff who wrote (4670)7/23/2008 4:06:10 PM
From: Edwin S. Fujinaka
   of 4686
 
I no longer follow the Company but the Bakken Field seems to be generating a lot of hype. Does the Company have any part of the Bakken Field?

nextbigfuture.com

North Dakota Bakken oil heading for 200,000 barrels of oil per day by end of 2008

North Dakata has added 20,000 barrels of oil per day since the end of 2007 and the end of May, 2008 At the end of May, 2008 North Dakota is producing 156,356 barrels of oil per day.

Nine other states currently are listed in the count as being "major" oil-producing states: Alaska, Arkansas, California, Colorado, Louisiana, New Mexico, Oklahoma, Texas and Wyoming. In the most recent count, North Dakota ranked seventh in terms of number of rigs but had the second-biggest increase over the year with 29 more rigs, behind only Texas with an additional 84

Northern Oil and Gas, Inc. announced significant Bakken discoveries, Three Forks/Sanish Plans, and updates accelerated 2008 drilling schedule and capital position.

Northern holds a working interest in an additional fourteen wells that are in the drilling or completion stages and is included in nearly 70 permitted or docketed-for-permit drilling locations that are expected to drill between now and early 2009. Northern Oil controls approximately 60,000 net acres in the North Dakota Bakken play, yielding over 90 net well locations based on 640 acre drilling units. In addition, Northern controls approximately 22,000 net acres in Sheridan County, Montana and has successfully completed two wells to the Red River formation.

The recently completed Johnson 33 #1H well operated by Brigham Exploration is representative of Northern's growing success in the North Dakota Bakken play. The well flowed at an early rate of 650 BOPD, with sustained production of approximately 560 BOPD. The Johnson well is located significantly north of the Parshall field, representing an important Northern extension of prolific Bakken production. Northern participated in the Johnson 33 #1H with a 16.5% Working Interest.



An article in the Billings Gazette describes the oilwell operations in the Bakken

After a vertical well is drilled to that level, the drill goes horizontal, a technique that had been used for years. In the Bakken - named for a North Dakota farmer on whose farm the shale layers were first identified in the 1950s - horizontal drilling is paired with another technique, fracturing. That involves forcing a mixture of sand, water and gel underground at enormous pressures, thanks to those banks of 2,200-horsepower pump trucks.

As the mixture shoots out of holes in the horizontal pipe, the water opens up cracks in the rock and the sand flows in behind it, holding the fractures open so oil can ooze down into the pipe - the same one used to pump in the mixture of sand and liquid - and from there to be drawn to the surface.

"It's kind of like a mining operation, in a way," Lechner said. "You need more tunnels."

In the case of the Hartland 14X-26 well, the frac crew worked for a little more than two days, pumping 700,000 gallons of water and gel and about 800,000 pounds of sand into the ground. A typical drilling unit will have as many three lateral wellbores per two sections of land, which is 1,280 acres. The perpendicular fractures run out about 50 feet on both sides of each lateral. The laterals have perforated pipes, called liners, that keep the wellbores from collapsing after the frac job.

The Bakken oil and increased wheat and other commodity prices is creating an economic boom in Saskatchewan, Canada

"For every square mile of land in the Bakken, there's four to five million barrels of oil in place," says Gregg Smith, Petrobank's vice-president. "We feel we can make the Bakken profitable if prices stay above $50 a barrel -- it's extremely good quality oil, it's what the refineries want the most." Today at least 65 oil rigs, many of them locally owned, are drilling and finishing wells on the Bakken, at a cost of $2-million per well.

FURTHER UPDATE
This is a follow up to previous articles on North Dakota oil and Bakken oil

Read More...

Summary only...

Posted by bw at 7/22/2008 0 comments

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To: Edwin S. Fujinaka who wrote (4672)8/1/2008 10:17:30 AM
From: Rob Skaff
   of 4686
 
yes, the company appears to have some property where they can drill in the bakken. A few years ago some of the guys on the Canadian side were speaking quite highly of the prospect in the bakken in coastal's lease.

more important. Currently WSEG is testing our property and has grand plans. 600 wells. Interesting the company has no press release about it.

On the western Gas site, it's clear to see that they're going to drill starbucks east property.

They will own 100% until the drilling is paid for, then coastal will get a 20% interest back.

It appears that they plan to drill up to 600 shallow gas wells.

This is great news. Coastal hasn't announced it, but WSEG has, and it seems this income stream alone is worth more than the $10M market cap of the company, no?

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To: Rob Skaff who wrote (4673)8/8/2008 2:27:32 AM
From: Edwin S. Fujinaka
   of 4686
 
WSEG as an investment? This pitch was part of an investment newsletter :-).
MONTANA FARMER HAD NO IDEA
503 BILLION BARRELS OF OIL
WOULD BE NAMED AFTER HIM
Henry Bakken allows a geologist to drill for oil on his farm outside Billings, Montana in 1953. Years pass. Technology improves. A few months ago, the U.S. government confirms “The Bakken Formation” holds...

5 TIMES MORE OIL than the massive
Ghawan field in Saudi Arabia, which
until now was considered the world’s
largest oil field.

64 TIMES MORE OIL than the entire
Alberta’s Penbina project.

235 TIMES MORE OIL than USA’s
entire reserve...

Fellow Profit Lover,

Only a few of us know about this shocking USA oil boom -- and the stock that could make us rich.

The Bakken Formation is home to 503 billion barrels of light crude. At $125 a barrel, that’s more than $60 trillion.

The stock you should buy is an unsung hero, a junior exploration company now drilling smack dab in the middle of The Bakken Formation.

Would you pay $25 million for $3 billion
worth of light crude oil and natural gas?

Who wouldn’t? Well, this company has a market value of $25 million, yet it has nearly $3 billion in assets. That’s a 7,500% valuation gap.

But you don’t need to pony up $25 million to get in on the massive potential profits. Today, you can buy the stock for under a buck.

Click here. Or, if you don’t have three minutes to learn about the off-the-chart profit potential of this company now drilling smack dab in the middle of The Bakken Formation, then just go buy Western Standard Energy (OTCBB: WSEG).

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From: SHORELOVER8/8/2008 2:14:57 PM
   of 4686
 
HI ED:

DID TALK TO YOU A WHILE BACK !.
CONCERNING YOUR LAST MESSAGE, WHICH COMPANY WHERE YOU TALKING ABOUT? COASTAL CARIBBEAN OR WESTERN ENERGY? OR PERHAPS IS THERE ANOTHER COMPANY THAT WE DO NOT KNOW ABOUT. PLEASE ENLIGHTEN US. THANK YOU.

SHORELOVER.

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From: gjc22/24/2009 6:35:24 PM
   of 4686
 
Is Coastal’s new web site equivalent to rearranging the deck chairs on the Titanic?

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From: MarianneC4/30/2009 11:05:45 PM
   of 4686
 
QUESTION: Are there any COCBE shareholders who are surprised that Charlie Crist, the current Governor of Florida (and his hand-picked three-member Cabinet), will be the ones to vote on selling NEW offshore drilling leases as close as three miles from the coast of Florida? The same Charlie Crist, who met with Jeb Bush, the previous Governor, "behind closed doors," in June of 2005, who for years, had been padding the budget in order to purchase (steal) the Coastal Caribbean leases for $12.5 million in their secret agreement with The State of Florida?

REMINDER: Coastal Petroleum, a Florida corporation, held certain working interests in non-producing oil, gas and mineral leases covering approximately 1,250,000 acres, and a royalty interest in approximately 2,450,000 acres, off the coast of Florida.

REMEMBER that these leases were swapped for leases in the Western plains that have yet to be drilled or produced any oil or gas?????

It is only a matter of time before, Christ, the turncoat, signs this bill and who do you think will profit?

POSTED: Monday, 4-27-09 9:20:36 PM

Florida House of Representatives Approves Offshore Drilling

TALLAHASSEE, Fla. (WOFL FOX 35) - Bill passed to allow offshore drilling by Florida's coast. The House approved a bill on Monday that could allow offshore oil drilling just three miles from the coast of the Sunshine State.

There were arguments that drilling could damage the environment and tourism, but the money, jobs, and reduction of dependency on foreign oil led the House to its decision.

Gov. Charlie Crist and a three-member Cabinet are the ones who can approve drilling leases in state waters between three and 10.5 miles from the coast.

Last week Crist said he would keep an open mind about the bill, but that he was concerned about how close it would be to the coast.

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From: MarianneC12/1/2009 7:34:23 PM
   of 4686
 
REMEMBER THE COASTAL LEASES IN THE GULF OF MEXICO THAT NOW ARE OWNED BY THE STATE OF FLORIDA THANKS TO CHARLIE CRIST AND HIS CRONIES?

Link to article: hoegh.com


GOV. CHARLIE CRIST SUPPORTS PORT DOLPHIN ENERGY DEEPWATER PORT

Tallahassee, FL, Sept. 14, 2009 - Florida's Governor Charlie Crist announced, on September 11, his approval of the planned Port Dolphin Energy, LLC, deepwater port project which will provide a new source of natural gas to the state.


As part of the federal permitting process, Gov. Crist is required to express support, opposition, or take no position at all for the proposed Liquid Natural Gas receiving terminal. His favorable decision is an important milestone for Port Dolphin, which is a subsidiary of Höegh LNG, a worldwide leader in development of floating solutions in the LNG value chain.

Port Dolphin plans to construct a deepwater port 28 miles off the coast of Manatee County. Liquid natural gas (LNG) tankers arriving at the port would link up with a natural gas pipeline running from the offshore terminal to Port Manatee and then inland for four miles before interconnecting with the state’s natural gas pipeline grid. The LNG would be returned to a gaseous state onboard the vessels and fed into the pipeline to serve customers throughout west central Florida.

“We are pleased with Gov. Crist’s decision to approve this very important project. When completed in 2013, Port Dolphin will be able to provide Florida utilities with another source of clean energy,” said Sveinung J. Støhle, president and chief executive officer of Höegh LNG.

The venture is expected to generate more than $150 million in direct economic impact to Manatee County and the Port of Manatee during the next 20 years.

The Governor’s positive support is a major step in the permitting process that is expected to be completed by 2010 as federal, state and local regulatory agencies review and act on the permit application. Construction of the port project is scheduled to begin in 2011.

“This approval marks more than 3 years of development work on the project, and confirms Höegh LNG’s strategy to design and develop a new competitive LNG market access into the Florida natural gas market”, added Støhle. “This is one of several projects of similar kind we have in our portfolio, and we are very pleased with the support the U.S. federal and Florida regulatory authorities have afforded us in this development. Port Dolphin will offer our customers new LNG import capacity and thus the possibility for marketers to diversify their sources and increase the security of supply to their consumers in the United States, while LNG owners are offered an alternative and flexible solution for access to the attractive Florida natural gas market.”

The project could serve more than a million homes with energy when it is in full operation.

Considering the Environment

The project will adhere to several conditions relating to noise, construction management and environmental impact mitigation. As part of the federal permitting process the USCG published an Environmental Impact Statement which confirms that Port Dolphin will not have any long term major impact upon the sensitive and important environment that it will operate in.

Höegh LNG

Höegh LNG is a fully integrated ship-owning company offering long-term floating production, transportation, re-gasification and terminal solutions for Liquefied Natural Gas (LNG). The company operates a fleet of four LNG carriers and has two innovative Shuttle and Re-gasification Vessels (SRV) on order. In addition to transporting the LNG, these vessels will act as floating terminals while delivering the natural gas to the market. Höegh LNG’s strategy is to add value to its customers by broadening its service scope to include solutions for floating production, re-gasification terminals and delivery of natural gas. The company is developing two deepwater terminals based on SRV technology in Florida and UK. In addition to the head office centrally located in Oslo, Höegh LNG has established presence in London (UK) and Tampa (Florida).

Contact: Sveinung Støhle, President and CEO, Höegh LNG
+47 4003 9969

Harry Costello
Hill & Knowlton, Inc.
(813) 221-0030

Christ Letter will be posted in a second post.


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From: MarianneC12/23/2009 7:46:33 PM
   of 4686
 
PORT DOLPHIN RECEIVES CERTIFICATE FOR ONSHORE PIPELINE
>> The Federal Energy Regulatory Commission issued a certificate of public necessity and convenience to Port Dolphin Energy, LLC to build and operate an onshore pipeline connecting to its deepwater port 28 miles off the coast of Manatee County. The certificate pushes the company closer to receiving a license to build its deepwater port after getting a Record of Decision from the U.S. Maritime Administration in October and Gov. Charlie Crist's formal approval of the project in September. Once approved, liquefied natural gas (LNG) tankers would arrive at the Port Dolphin offshore deepwater port and then connect to a new undersea pipeline system that would come onshore at Port Manatee. The LNG is returned to a gaseous state onboard the vessels offshore and then fed into the natural gas pipeline to serve customers throughout Florida.

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