EOR - ENHANCED OIL RESOURCES INC - Page 8

Again he tried for a small ask at .225 right before the close....at 15:59

No1 jumped on it, so SP staying at .23 for the night...

Lets hope we open at .23 tomorrow, then might see .24

Anyone with detailed market depth and detailed transactions can tell me who unloaded at .225 at opening and who just showed up at x2000 on the ask ? ....

Getting tired of this little game

I told you before this one requires patience.....

Repost from a fellow poster on another board....

"From Don...
I was listening in while a co-worker called Don and quizzed him on where we're at. Ladies and gentlemen... I give you, the word of Don Currie!

- New reserves report just landed on his desk yesterday. Its new valuation "makes our current market cap look like a joke," and will be released publically very soon.

- "Dotting the i and crossing the t" on the 'deal' (supposedly our major announcement). Announcement should be soon (unfortunately, that's pretty much the same thing Don told me back in November).

- They are drilling a water injection well to dispose of all the water coming into the oil battery.

- Production held in March, did not grow by any significant margin due to water handling constraints.

- He's had "several conference calls" lined up in the next couple of days, there is a lot of interest these days (words of Don).

- He wouldn't come out and say who was selling through UBS, but from what information he gave it is very likely to be JPM.

- We are making ~$320k/month in profits. Barry is re-investing all of that back into the oil fields (and rightfully so, I think).

- TSX listing: Before the big issue was that they required 18-months operating cash in the bank... but now that they're cashflow positive (as of the end of March, it will be EOR's 2nd straight profitable quarter) that requirement might be a bit more lax. I'm surprised that no one at EOR knows for a fact whether the requirements change after you become cashflow positive... but that's another matter.

Read between the lines, take it with a grain of salt, do what you need to... but anyway, that's what Don said."

If the post is good im glad it's my largest holding...

And im kinda of proud of myself grabing a nice position at .195

Interesting......


I will be doing some DD tonight

but im kinda sad i invested 2.4 K i was suposed to get in EOR in EZ...

Im not about to see the color of this money again, heh, life is a bitch

Was just informed it will be later this week.

yeah yeah...

Mitas, is that sarcasm?

This company notoriously will test your patience.

Don't shoot the messenger...

Anything linked from SH really has no value to me anymore...

I've been trading for erm...6 months, and already know sh boards have 2% good contents, rest is bullshit

My estimate is UBS still has 2-4 million shares remaining.

News expected from company:

Production expected to be flat unless they drilled well to dispose of excess water (not expected this month)

Updated Reserve Report (anticipated to be great news)

News of JV agreement (not expected anytime soon) This is the news that will take out house 15. Just not sure what company will have to give up to get agreement.

I don't know about you guys but based on news reports and 'gut feeling' I'm thinkin that were in it for the long haul on this puppy, thoughts?

Well normaly they release production numbers on the second working day of each month...

So far we have no news about march production ...good or bad, i dont know...

Raising my stinkbid a little bit higher, just in case house15 feels like throwing his remaining at a single time

Mitas, it has become appearant the company will not issue a NR on production this month. The consensus is production for March was flat to down 50 BOPD due to problem with water disposal. Once they drill a new water disposal well, they will place back online 2 wells producing 25 BOPD each. Possibly adding additional existing wells online after that. (not sure what production could be from additional wells) The best producing well #303 produced 6293/5762 barrels in December/January. One could assume once the water disposal problem is solved they will again significantly increase production.

That said, this management always seems to disappoint shareholders.

Gee, besides the production increase what has this management team done in the last 5 years? (your chance to pump)

Raised over $100 million and turned that into $30 million market cap?
Not exactly building shareholder value...is it?

I would say more, but you'll just start labeling me a basher and I hate the name calling thing.

Maybe we can explore the continuous bonus option repricing?