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   Gold/Mining/Energycoastal caribbean (cco@)

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From: Rideli6/27/2008 5:43:31 PM
   of 4686
As for how much oil is in the Bakken? Many geophysicists beleive the amount is between 200 - 400 Billion bbl. Not the 4 billion with maybe 2 recoverable. It is my understanding from locals there have been hundreds of wells drilled over the last twenty years in the Williston Basin, and they were just capped. Then they would drill more. Cap 'em, then drill more.

The best part, it is light sweet crude, the same as Al-Ghawar. Easiest and cheapest to refine.

Maybe they don't want the Canadians to suck it all out first. Maybe they want oil high. The speculators everyone is screaming about are the big banks that swapped damaged MBS for Treasuries. They borrowed against the treasuries and went straight to the NYMEX. $240 billion swapped with the Fed since Jan. $240 billion increase in commodities futures trading since Jan. The speculators are the big banks that are essentially bankrupt. If oil goes back to $110, everybody can say 'goodnight' to the market. The loss will hurt the Fed so bad the US credit rating will no longer be AAA.

Why would they lie about the oil? Hell, they lie about everything else.

I just hope some small players like COCBF hit soon. Very soon.

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From: Edwin S. Fujinaka7/14/2008 4:31:51 PM
   of 4686
Bush lifts executive ban on offshore oil drilling

This is only of academic interest to current and mostly former holders of COCBF Stock. A good chunk of the estimate billions of barrels of oil under State control offshore used to be owned by COCBF.

End to executive ban on offshore drilling does not affect separate federal law

President Bush has been urging Congress to repeal law banning offshore drilling

Offshore drilling ban has become a campaign issue

John McCain supports ending ban on drilling; Barack Obama wants to keep it

WASHINGTON (CNN) -- President Bush lifted an executive order banning offshore oil drilling on Monday and urged Congress to follow suit.

Citing the high prices Americans are paying at the pump, Bush said from the White House Rose Garden that allowing offshore oil drilling is "one of the most important steps we can take" to reduce that burden.

However, the move is largely symbolic as there is also a federal law banning offshore drilling.

"This means that the only thing standing between the American people and these vast oil reserves is action from the U.S. Congress," Bush said. Watch Bush announce lifting of ban »

Bush has been pushing Congress to repeal the law passed in 1981.

"There is no excuse for delay," the president said in a Rose Garden statement last month. Is drilling the answer?

"In the short run, the American economy will continue to rely largely on oil, and that means we need to increase supply here at home," Bush said, adding that there is no more pressing issue for many Americans than gas prices.

Bush's father, President George H.W. Bush, signed the executive order in 1990 banning offshore drilling. See where offshore drilling is allowed »

The issue has gained prominence in the presidential race. Sen. John McCain recently announced he supported offshore oil drilling, reversing his previous stance.

Sen. Barack Obama wants to keep the ban in place.

Experts say offshore oil drilling would not have an immediate impact on oil prices because oil exploration takes years.

"If we were to drill today, realistically speaking, we should not expect a barrel of oil coming out of this new resource for three years, maybe even five years, so let's not kid ourselves," said Fadel Gheit, oil and gas analyst with Oppenheimer & Co. Equity Capital Markets Division.

But it almost certainly would be profitable.

Candida Scott, an oil industry researcher at Cambridge Research Associates, said oil needs to be priced at $60 a barrel or more to justify deep-shelf drilling. With oil now selling for $145 a barrel, companies are almost assured of profiting from offshore drilling, Scott said.

In his statement last month, Bush also renewed his demand that Congress allow drilling in Alaska's Arctic National Wildlife Refuge, clear the way for more refineries and encourage efforts to recover oil from shale in areas such as the Green River Basin of Colorado, Utah and Wyoming.

The White House estimates that there are 18 billion barrels of oil offshore that have not been exploited because of state bans, 10 billion to 12 billion in the Arctic National Wildlife Refuge and 800 billion barrels of recoverable oil in the Green River Basin.

All AboutOil Production and Refining • Oil Prices • Environmental Policy

Find this article at:

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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

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?

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.

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


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 :-).
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.

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



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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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