|
|
Post by Eagle1 on May 25, 2008 11:50:48 GMT -5
Looking strong and IMO, also going to pennies just like SRSR and BLDV... :  : : : : : Lots of runners lately...  Eagle1  "One Team; One Goal" |
|
same53
Serious Contributor
Posts: 599
|
Post by same53 on May 27, 2008 9:05:45 GMT -5
Good News Eagle Mammoth Energy Group Announces Start Date for Drilling Contract on Wells in Oklahoma Market Wire "US Press Releases " WINSTON- SALEM, NC -- (MARKET WIRE) -- 05/27/08 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that it has received confirmation from American Continental Energy of the start of the first three wells to be drilled on the Noble County, Oklahoma property that will commence on or before June 10, 2008 . Management anticipates that these three wells should be on-line by the third quarter of this year and should bring the natural gas production to an average of just over 100 thousand cubic feet per day (MCFD). "At the depth of the program for drilling, we expect to find both oil and natural gas and are quite optimistic about this property potential," stated Joe Overcash, President. "While there are certainly no guarantees in this business, the field has all of the characteristics that we were searching for in a new project." About Mammoth Energy Group, Inc. We are focused on developing shallow gas and/or oil projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. We have continuing revenue from our Rogers County, OK project and with the Noble property hopes to develop its strategy with wells that can be drilled quickly and be positioned to grow consistently each month as new wells are brought on-line. More information is available at the company's website at www.mammothenergygroup.netCautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions. Contacts North America Mammoth Energy Group, Inc. Investor Relations Contact: Dominic Martinez 866-508-2092 Email: dominic@mandminvestorrelations.com |
|
|
|
Post by Eagle1 on May 28, 2008 18:05:04 GMT -5
MMTE had a heck of a run to .0045 and has done its healthy retrace back to .0022. I suspect that we move north from here and into the pennies shortly....watch this one closely as I'm would suspect that news is coming soon...just a hunch. Eagle1 I call MMTE to bust into pennyland soon....now at .0022  Good News Eagle Mammoth Energy Group Announces Start Date for Drilling Contract on Wells in Oklahoma Market Wire "US Press Releases " WINSTON- SALEM, NC -- (MARKET WIRE) -- 05/27/08 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that it has received confirmation from American Continental Energy of the start of the first three wells to be drilled on the Noble County, Oklahoma property that will commence on or before June 10, 2008 . Management anticipates that these three wells should be on-line by the third quarter of this year and should bring the natural gas production to an average of just over 100 thousand cubic feet per day (MCFD). "At the depth of the program for drilling, we expect to find both oil and natural gas and are quite optimistic about this property potential," stated Joe Overcash, President. "While there are certainly no guarantees in this business, the field has all of the characteristics that we were searching for in a new project." About Mammoth Energy Group, Inc. We are focused on developing shallow gas and/or oil projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. We have continuing revenue from our Rogers County, OK project and with the Noble property hopes to develop its strategy with wells that can be drilled quickly and be positioned to grow consistently each month as new wells are brought on-line. More information is available at the company's website at www.mammothenergygroup.netCautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions. Contacts North America Mammoth Energy Group, Inc. Investor Relations Contact: Dominic Martinez 866-508-2092 Email: dominic@mandminvestorrelations.com |
|
same53
Serious Contributor
Posts: 599
|
Post by same53 on May 28, 2008 21:08:27 GMT -5
OK Eagle
I like the potential and the industry. The AS post this morning scared a lot of people. Tomorrow will tell a lot.
|
|
same53
Serious Contributor
Posts: 599
|
Post by same53 on May 29, 2008 9:44:49 GMT -5
O.T.C. MMTE Mammoth Energy Group Letter to Shareholders
May 29, 2008 8:30:00 AM
View Additional Profiles
WINSTON-SALEM, NC -- (MARKET WIRE) -- 05/29/08 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) has issued this Letter to Shareholders in order to address these questions and to review the success of the Company's expansion efforts through the first quarter of 2008. The text of the letter is as follows:
From: Joe V. Overcash, CEO, Mammoth Energy Group, Inc.
To Whom It May Concern:
At least partly in response to a number of questions posed by shareholders in recent weeks, I want to take this opportunity to state unequivocally that we have no plans to execute any stock splits in 2008. There is no foreseeable event that would prompt us to believe that such an alteration of the Company's stock structure would be beneficial to our shareholders. As a matter of fact, effective immediately, the Company will lower its authorized shares by 5.5 billion bringing the total authorized down to 1.5 billion shares. Once the authorized is lowered, our stock structure will be:
-- Outstanding Shares 1,200,000,000 as of May 29, 2008
-- Authorized Shares 1,500,000,000 as of May 29, 2008
-- Restricted Shares 651,254,962 as May 29, 2008
-- Float 548,745,038 as of May 29, 2008
As previously released, the Company has received confirmation from American Continental Energy of the start of the first three wells to be drilled on the Noble County, Oklahoma property that will commence on or before June 10, 2008. We anticipate that these three wells should be on line by the third quarter of this year and should bring the natural gas production to an average of just over 100 thousand cubic fee per day (MCFD).
So far in 2008, Mammoth Energy Group, Inc. has announced intentions of selling its ownership in the Talala property. The sale of this property will provide capital that will allow for drilling to take place on its other properties. MMTE also announced the signing of a turnkey drilling agreement with American Continental Energy. Due to the price of oil worldwide, we are focusing more on projects that contain both oil and gas to provide more upside to the Company while maintaining the low risk it is pledged to in the area.
In short, we are ecstatic about our successes to date, and we are extremely optimistic about our prospects going forward. We are making every effort to build upon the momentum of this first quarter and continue to aggressively implement our growth strategy through the rest of 2008 and beyond, and we want to thank our loyal shareholders for their support as we enter this next phase of our business.
Joe V. Overcash, CEO
|
|
|
|
Post by Eagle1 on May 31, 2008 20:46:41 GMT -5
HI Same and thanks for the interest in MMTE...now at .0022. With the last PR from MMTE, I think that the markets will see that this is fixing to blow up into pennyland soon..jmho.
MMTE Now at .0022.Stay tuned for next week..as I think much is coming...IMO. Eagle1 "One Team; One Goal" O.T.C. MMTE Mammoth Energy Group Letter to Shareholders May 29, 2008 8:30:00 AM View Additional Profiles WINSTON-SALEM, NC -- (MARKET WIRE) -- 05/29/08 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) has issued this Letter to Shareholders in order to address these questions and to review the success of the Company's expansion efforts through the first quarter of 2008. The text of the letter is as follows: From: Joe V. Overcash, CEO, Mammoth Energy Group, Inc. To Whom It May Concern: At least partly in response to a number of questions posed by shareholders in recent weeks, I want to take this opportunity to state unequivocally that we have no plans to execute any stock splits in 2008. There is no foreseeable event that would prompt us to believe that such an alteration of the Company's stock structure would be beneficial to our shareholders. As a matter of fact, effective immediately, the Company will lower its authorized shares by 5.5 billion bringing the total authorized down to 1.5 billion shares. Once the authorized is lowered, our stock structure will be: -- Outstanding Shares 1,200,000,000 as of May 29, 2008 -- Authorized Shares 1,500,000,000 as of May 29, 2008 -- Restricted Shares 651,254,962 as May 29, 2008 -- Float 548,745,038 as of May 29, 2008 As previously released, the Company has received confirmation from American Continental Energy of the start of the first three wells to be drilled on the Noble County, Oklahoma property that will commence on or before June 10, 2008. We anticipate that these three wells should be on line by the third quarter of this year and should bring the natural gas production to an average of just over 100 thousand cubic fee per day (MCFD). So far in 2008, Mammoth Energy Group, Inc. has announced intentions of selling its ownership in the Talala property. The sale of this property will provide capital that will allow for drilling to take place on its other properties. MMTE also announced the signing of a turnkey drilling agreement with American Continental Energy. Due to the price of oil worldwide, we are focusing more on projects that contain both oil and gas to provide more upside to the Company while maintaining the low risk it is pledged to in the area. In short, we are ecstatic about our successes to date, and we are extremely optimistic about our prospects going forward. We are making every effort to build upon the momentum of this first quarter and continue to aggressively implement our growth strategy through the rest of 2008 and beyond, and we want to thank our loyal shareholders for their support as we enter this next phase of our business. Joe V. Overcash, CEO is |
|
same53
Serious Contributor
Posts: 599
|
Post by same53 on Jun 1, 2008 9:42:45 GMT -5
Will Do Eagle1
Potential in those oil and gas fields.
|
|
|
|
Post by mara1129 on Jun 17, 2008 22:31:02 GMT -5
|
|
