Is suppose to be annonced Monday. NPWZ's Acquisition/Merger with Shorai is so crucial and so important as it gives them full access to lithium ion battery technology used in the BuzzBar. It needs to break and stay above the 50 day moving average of .007. This merger announcement, if announced on this coming Monday should do the trick. The 5 cent target by an investment firm shouldn't hurt either.
The number of units sold to the 55,000 dental office in Canada
Patent approval in US
Selling strategy for those dental offices in the US and Europe
The move to a different exchange
The reported interest of other companies other than dental offices interested in the unit
Overseas interest in dry areas with cold nights to use the device using solar cells.
Farmer's interest for a water supply for crops in the Us, Canada and Europe
wall street wake up call on what could be.
We should hear something today:
Item 1.01 Entry into a Material Definitive Agreement.
On September 11, 2014, Registrant executed a non-binding Amended Letter of Intent (the "Amended LOI") with Haltain Developments Corp., a Canadian public company ("Haltain"), under which Registrant and SK3 Group, Inc., a Delaware corporation, will each sell all of their assets to a newly formed subsidiary of Haltain or its assignee in exchange for common stock of the new Haltain subsidiary and will assume certain outstanding liabilities of each of Registrant and SK3 to be listed in the final definitive acquisition agreement. The new Haltain subsidiary will then make application to list its common shares on the Canadian Securities Exchange. A copy of the Amended LOI is filed with this Current Report as Exhibit 99. This transaction is subject to the approval of the Supreme Court of British Columbia, the British Columbia Registrar of Companies, and to shareholder approval. This Amended LOI amends a previous letter of intent dated June 4, 2014 between Haltain and Registrant only under which the new Haltain subsidiary would merge with Registrant.
Under the Amended LOI, a definitive acquisition agreement was to be prepared and executed by October 15, 2014, based on the timing of court proceedings in Canada, and the acquisition was expected to be completed by October 31, 2014.
Registrant continues to work with Haltain to complete the definitive agreement and has agreed in principal to extend those dates to November 15, 2014 and November 30, 2014, respectively.
Posted: Tuesday, January 21, 2014 12:00 am | Updated: 12:08 pm, Thu May 8, 2014.
Norstra Energy Enters Into Farmout AgreementBy Darryl L. Flowers
Last week, Norstra Energy, operator of the well at Milford Colony in Lewis and Clark County, announced it had entered into a “farmout” agreement with Super Nova Minerals, based in Vancouver, British Columbia.
According to a statement issued by Norstra, Super Nova will be able to earn an eighty percent working interest in the Milford Colony Project which is located south of Augusta, Montana. Norstra will be carried through the project owning a twenty percent working interest and will not have any further obligations of contributing capital towards the drilling of any oil or natural gas wells.
Norstra will retain control, managing the project’s technical decisions working in conjunction with the operator, Black Gold.
Under the terms of the agreement, the Milford Colony Project is divided among three blocks, which are to be earned by the farmee by paying for and drilling a single vertical well on each of the three blocks, to first evaluate for shallower formations that may be suitable for natural gas production, then continue to approximately 8,900 feet to evaluate the Bakken Formation for potential oil production. Once these formations have been evaluated, the project operator, along with Norstra and the farmee, may elected to undertake additional development such as horizontal “legs” and hydraulic fracturing programs.
According to the timeline included in the statement, the investment obligation by Super Nova to earn the three blocks are as follows:
Block #1 – (80% WI; 64.4% NRI) to the Farmee if:
a.) $25,000 is paid to Norstra within 30 days from signing the agreement, and; b.) $15,000 is paid to Norstra 60 days from this agreement, and every month thereafter for 9 months, with a balloon payment occurring on the 365th day or before for $210,000, and; c.) $1,015,000 is paid to Norstra to drill and evaluate the Bakken forma
SNOVF said with the agreement with NORX that 3 wells will be drilled on three different locations to earn their right for 80% of 11400 acre leases. a separate agreement will give then 80% in additional leases from Landry. Another agree ment is for 1280 acres with Augusta Expl. SNOVF does not have enough capital to fund the three wells at presesnt time. SNOVF will have to dilute the stock in order to get more money. Remember SNOVF still has not said what will happen to the gas well project.
Beside the possiblity of oil or gas production one of the bigger components is reevaluation of lease holdings. There will be a big upward reevaluation if commercial quantity of oil or gas is found. I feel by next spring we could see $0.50 stock price or more. i reevaluate the stock all the time as news become available.
Remember the old Shell Krone well showed Sappington oil formation of about 70 foot. The middle sappington formation is the most important section. It needs to be 20-30 foot thick for the best production. Sappington name is the old name for the Bakken formation.
keep looking at snovf's board for any info on NORX
Published: Jan 30, 2014 1:13 p.m. E
VANCOUVER, BRITISH COLUMBIA, Jan 30, 2014 (Marketwired via COMTEX) -- Super Nova Minerals Corp. (cse:SNP)(pinksheets:SNOVF) (the "Company" or "Super Nova") announces that the Company has entered into an agreement with Glen Landry to acquire a 100% working interest and 80% net revenue interest in oil and gas leases covering 6,000 acres of property (the "Property"). The Property is contiguous to the east and south of the 10,000 acres that the Company has an option to acquire an 80% working interest in, as previously announced by the Company on January 16, 2014 (the "Farmout Lands").
In exchange for the 100% working interest and 80% net revenue interest in the Property, the Company will issue 1,500,000 common shares and 1,500,000 warrants to Glen Landry. The warrants will be exercisable at a price of $0.075 per share until the first anniversary of the agreement, $0.10 until the second anniversary of the agreement, and $0.125 until the expiration of the warrants on the third anniversary of the agreement. If commercially viable resources are discovered on the property, the Company must issue an additional 3,500,000 common shares to Glen Landry. There are no work commitment requirements on the Property.
Collectively, the Property and the Farmout Lands cover 16,000 contiguous acres located in Lewis and Clark County on the Alberta Bakken Fairway, 60 km southwest of the city of Great Falls in Northwest Montana.
The Company has commissioned Chapman Petroleum Engineering Ltd. of Calgary, Alberta to author a National Instrument 51-101 report on the Millford Bakken property. This news release has been reviewed and approved by Charlie Chapman, P. Eng., of Chapman Petroleum Engineering Ltd., a Qualified Person as defined by N.I. 51-101.
There is no certainty that any portion of the resources will be discovered on the Property or the Farmout Lands. If discovered, there is no certainty that it will be commercially via
Charles: for an update please look up BNV in the Fairfield Sun Times or see the SuperNova Minerals website. Hope that helps.
I have since sent a request for info to NORX in the manner of this statement:
Is there any current plan on allowing your company to be traded through Fidelity. They will not allow any purchases of your company's stock on the open market. You can only sell shares and I would like to add to the 29,000+ shares I already own thriugh purchases once made through my Fedility account. Are there any plans to get this injustice straightened out? And can you give me an update on the two wells being drilled by BNV so I can post them on a buliton board to inform other interested investors.
Thanks for any response,
I'll let :you'se" know what transpires on this one ,also
There is gonna be a big explosion in price cause 4 cents ain't enough for a big oil stake in this region:
In the past 5 years the Bakken Shale has already doubled the proven oil
reserves of the USA, with growing estimates of over 40 billion barrels of oil,
compared to 21 billion for the rest of the country. On November 3rd, 2011, a
new production record was set for a Bakken well when the Whiting Petroleum
Tarpon Federal # 21-4H posted an IP of 7,009 BO in a 24 hour period. Wells
with IP’s over 5,000 BOPD in the Williston Basin are no longer unusual.
Currently, North Dakota has over 450,000 BO monthly production and is
expected to top 1,000,000 BO by 2015. Industry experts predict that drilling
will not slow until 2030, and that Bakken production will continue until 2100.
“The U.S. Geological Survey (USGS) has called the Bakken Formation the
largest continuous oil accumulation it has ever assessed…….as much as 500
billion barrels of oil sitting untapped beneath Montana, North Dakota…
a potential supply of oil four times as large as that held in Saudi Arabia’s
massive Ghawar region.”
By Darryl L. Flowers
Last week, Norstra Energy announced in a press release that the firm has entered into an agreement with BNV Energy of Houston, Texas.
In 2013, Norstra drilled the Milford Colony 13-11 well to surface casing depth. The well, located in the shadow of the Rocky Mountain Front, was drilled under the operation of Summit West Oil, LLC. The Milford Colony well is still listed as “spudded” since it has not been completed past the depth required to set the surface casing. The well is permitted as a Bakken Formation Horizontal well. Surrounding wells drilled in the past, according to well logs examined by the Sun Times, indicate that the Bakken Formation is present in the region, although the layer may not be as thick as in the Williston Basin. In this region of Montana, the formation may also be known as the Exshaw or Southern Alberta Bakken.
According to the press release, the agreement requires BNV to drill two natural gas wells on the Company’s Milford Colony lands in Northwest Montana. The agreement also requires BNV to construct a gas gathering system which will collect natural gas for the wells, and feed it to the 16” Northwestern Energy pipeline close by the project.
The total Authorization for Expenditure, or AFE costs the new partner will be required to spend for the drilling and gathering is approximately $1,500,000.00 US dollars. Under the terms of the agreement, by performing the aforementioned work programs by September 30th, 2014, BNV earns a 60% working interest in roughly 5,382 acres of the Milford Colony lands which is to be directly contributed by Norstra’s other JV Partner, Super Nova Petroleum of Vancouver, B.C. Super Nova will retain a 20% working interest in these lands and maintain a 80% working interest in the remaining 4,618 acres balance originally farmed out from Norstra to Super Nova in January 2014. BNV will endeavor to drill both wells by September 30th, 2014, but may have this time extended, only for the second well, to June 15th, 2015 if unanticipated delays occur.
Under the terms of the new agreement, Norstra’s working and net revenue interest will not change; it will remain a “carried” 20% working interest, which means that Norstra, under the current agreements, will not have to give up any ownership interest or contribute any financial investment towards the project, but will maintain a constant 20% working interest.
Glen Landry, CEO, Norstra Energy commented, “The more and more we do a regional evaluation of the rocky mountain front where we are, the more and more were seeing a case for proving up a natural gas ‘province’ or ‘mountain front’ in the area. The company along with the oil and gas technical experts at BNV have poured over all the data we could get our hands on, and have mapped many high intrigue traps and structures we want to target right away.
“We were and are a Company very interested in the deeper oil in the Bakken formation, but the potential natural gas in Lewis and Clark County cannot be ignored with its several hundred feet of pay through two separate sand formations reaching depths of almost 5,000 feet.
“The Company continues to entertain other offers and interest from potential partners and Investors to deepen our partially drilled Milford Colony 13-11 well to ultimately test the Bakken formation at approximately 8,800 ft. Norstra is still very positive on the economic potential of the Bakken formation which blankets our entire prospect.”
In consideration for the multiple direct and indirect benefits to Norstra under this deal, the company has agreed to issue BNV 4,000,000 warrants to purchase Norstra stock for $0.125 for the first year and $0.15 in the second year. BNV will only receive these warrants upon deposit of $400,000 in a drilling escrow account.
I bought 27 more shares the other day at 26.605 a share costing 726 and some change. I’m buying because the downturn in the stock isn’t because of SDRL per se, all the oil rig stocks are selling at 52 week lows, acting as if another rig will never be leased again.
For example: Transocean (RIG) is selling at a 52 week low and is down 35.30% for the year. SDRL is down 34.86% for the year.
Noble (NE) a 52 week low also, is down 32.12%, Ensco (another 52 week low) is down 27.75% since the beginning of the year and Paragon Offshore (PGN) has lost 34.01% is the last 3 months, alone.
It’s a system wide retreat, not just specific to SDRL and for some reason I find comfort in that, and am willing to ‘bottom fish”.