| From: MarianneC | 12/23/2009 7:46:33 PM | | | | | | 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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| To: MarianneC who wrote (4680) | 4/3/2010 3:05:38 PM | | From: Edwin S. Fujinaka | | | | Nice article Marianne. Too bad all of us got screwed by the Management of CCO (or is it COCBE or COCBF). I even still have a few shares left, and I think the stock price jumped from $0.08 to $0.10 on Friday :-). Up 25%!LOL. Why do I feel like crying?
Ed Fujinaka |
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| To: Edwin S. Fujinaka who wrote (4681) | 4/5/2010 2:47:23 PM | | From: DrAllan | | | | ED
Nice to here from you. Glad you are still keeping any eye on the company. I, too, have a few shares left and hope that one day something may happen. Has anyone heard any news as to why there is a little activity and slight bump in the stock price. Just some manipulation?
Dr Allan |
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| To: DrAllan who wrote (4682) | 4/19/2010 3:51:44 PM | | From: bensen 1 | | | | | dr. allen.....the recent rise in the stock price might be the last few sec filings in which robert angerer is going to finance some future drilling for 14,000,000 shares of cocbf along with some percentage of profits....bensen1 |
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| To: bensen 1 who wrote (4684) | 4/27/2010 5:06:24 PM | | From: bensen 1 | | | | | the coastal s.e.c. 8-k filing dated 1-20-10 category "company events" gives a good descripton of the possible future plans of the company. i will believe it when i see it!! |
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| To: DrAllan who wrote (4682) | 5/6/2010 12:39:26 AM | | From: bensen 1 | | | | Coastal Caribbean Oils & Minerals, Ltd.
FOR IMMEDIATE RELEASE
COASTAL PETROLEUM COMPANY AGREEMENT OPTION EXTENDED
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APALACHICOLA, FL, April 29, 2010 . Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (OTC Bulletin Board: COCBF.OB) (“Coastal Caribbean” or the “Company”), announced today that the Company and its wholly owned subsidiary, Coastal Petroleum Company (“Coastal”) received a $50,000 payment pursuant to the letter agreement entered in January with Robert J. Angerer, Sr., (Mr. Angerer) a Director and Chairman of the Board of Directors of both Coastal and the Company.
Under the Letter Agreement, the Company and Coastal granted Mr. Angerer a three month option, with the right to extend the option for an additional three months by paying $50,000. Mr. Angerer made the payment and elected to extend the option to fund the Company and Coastal’s operations on the following terms: to pay $3 Million to Coastal to be used for drilling one of Coastal’s Lodgepole Reef Prospects in Slope County and for operations of the Company and Coastal. In return for the payment of $3 Million, Mr. Angerer would receive 20% of the outstanding common shares of Coastal and 36% of the net revenue from the well drilled. If he exercises the first option payment Mr. Angerer then has the option to pay three additional succeeding $3 Million payments to Coastal for drilling two additional Lodgepole Reef Prospects, wells on the Starbuck East Shallow Gas Prospect in Montana and other company operations. Mr. Angerer would earn 36% of the net revenues from all operations in North Dakota and Montana if he makes the three additional payments.
If this funding is fully realized, Coastal plans to drill: its Red River Formation development prospect; three of its Lodgepole Reef prospects in Slope County, North Dakota; and six wells on its Starbuck East Shallow Gas Prospect in Montana. The Company and Coastal will also have operational funding for an estimated two years.
Now in its 56 th year, Coastal Caribbean Oils & Minerals, Ltd., is engaged in the exploration for and development of oil and gas reserves through its wholly owned subsidiary, Coastal Petroleum. Coastal Petroleum’s principal assets are its cash and its non-producing oil and gas leases within the Williston Basin, covering approximately 8,510 net acres in North Dakota and approximately 35,873 net acres in Montana.
Certain statements included in this press release, which are not historical in nature, are intended to be forward-looking statements. Coastal Caribbean cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Contact: Robert J. Angerer, Jr. at (850) 878-2411
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