Highest bid price in the lease sale was for GB 1003 at $12 million. That's next to North Platte. That's years lease sale also had heavy interest around North Platte.
Target 9.38 dollar👌
How do you all feel about this one:
On August 7, 2017, we entered into retention agreements with our CEO and CFO, among other officers and employees of the company. The retention agreements provide for a one–time lump sum payment of $4.0 million for our CEO and $1.5 million for our CFO
Ok, so, now its no joke - when's the next reverse-split?
One positive nugget from the 10Q, which I hadn't noticed before - a new law was recently signed, changing the timeframe required for continued operations to hold a lease from 180 days to 1 year.
They were in a bind, as they would have needed new operations (new well) to be drilled by year-end for NP. But now, they have until end of Q2-18. Gives some breathing room.
MicroCap News Alert: Startup - Clean Energy Technologies (CETY) buys General Electric “Heat Recovery Systems Division” and within 2 years achieves break-even with sales now set to soar and to be profitable.
CETY announced today the launch of Pacific Rim Initiative with over 20 locations already identified by CETY and PPA power company authorities.
Early orders likely to exceed $25 million in annuitized sales. 12 month target price $.25
CETY/GE proprietary oil-free magnetic levitation turbine technology shatters the competition’s old oil-lubricated screw expander technologies.
Company expects to up list to NASDAQ.
CETY's implementation includes creative lease financing structure, that facilitates rapid adoption and ease of entry with long-term payment structure that allows the utility user to align its investment with actual energy and cost savings realized through use of Clean Cycle™ units," said Kam Mahdi, CEO of CETY.
CETY being welcomed with red carpet to largest markets in the world in need of clean energy.
Clean Energy Technologies (CETY) Launches Pacific Rim Initiative
COSTA MESA, Calif. , Aug. 15, 2017 Clean Energy Technologies, Inc. (OTC: CETY) announced that CETY officially launched its new campaign to deliver its energy solutions to Island Nations utilities at the ...
We have a "going concern" warning from Cobalt's10-Q. See page 9. I think BK will be filed late 4Q if the asset sales don't happen. I hope we are not being strung along by this company. The Angola interest might be real and perhaps the would be GOM buyers needed more time to bid, but it is all very dangerous now. The commons have about 3 months left. Consider that when you see how low CIE share price is think about buying tons more...
Star and cube are you considering buying here it is so tempting. Historically buying when the stock makes a new low and selling for 30 percent gain has been effective.
Cobalt recently met with representatives from Sonangol and the Angolan government and it appears that all parties share a common goal to resolve this matter amicably.
Tomorrow morning we will find out what's going on with the asset sale, and in my opinion whether or not this stock survives. Based on the low volume and price it doesn't look encouraging. On the other hand the low volume also means there wasn't a massive sell off. Till tomorrow...
Did I hear Cutt mention that they are looking at fields in the Caribbean ? Already looking to spend any gains from sales on more exploration?
I recently reviewed the institutional holdings of another company, recently and was disappointed to see some of the trades. Yesterday I check CIE.
O - M - G!
Since mid-may 2017, it looks like almost everyone dropped this stock!!!!! This was before the Reverse stock split.
Since the split, there's been zero significant buying interest. Riverstone was one, but it makes for a sad picture. The management must really concerned. Might explain the nervous tone of the last conference call.
There's just no confidence.
I thought we were bad.....those guys are a whole new level
I had a chance to listen to the CC and watch level II. When Cobalt talked about the GOM the stock jumped up 5%, and when they discussed Angola it went 10% up. Overall I felt good about what was said. However, they haven't narrowed down any offers on NP. At this point they are still waiting for bids (Cube was right); which are now supposed to come in sometime in September. I don't remember them saying anything about a 3 or 6 month window for the bids in the last CC. Cutt tried to make it sound like they are expediting the process, but in reality I think this is a change from what he told us last time. I don't like those kind of changes.
The Angola news was really a nice surprise, but it is still just talk. It is encouraging that Sonangol has not yet made an official response to Cobalt. A month ago they said they would respond in 2 weeks, but didn't. So maybe there really is some positive development going on.
Bottom line I'm holding. Maybe I'll buy a little more later on but I'm not jumping on it now. The news was good, but it was only talk. My concern for the rest of 3Q is the institutional holders. If one or more decide to dump it the price will be driven down to new lows yet again.
Management appears not to give a rats ars about the share price or shareholders. Other then the quarterly CC never a word to us. The price just keeps falling. The money these guys make to run a company into the ground is just crazy. For kicks I looked up the CEO's house in TX. Not too shabby considering what he has done here so far. I hope he has a few really big tricks up his sleeve. I need at least 10 bucks a share to make it all worth it.
Angola election is scheduled for Aug 23rd.
Looks like they are extending the marketing period through end of Q3.
Either there is no interest, or its taking potential bidders longer than expected to develop bids.
I think the NP thickness they reported in the latest well test is less than anticipated. Its still good in that it is high quality, but not a thick as they have seen in other parts of NP. I could be remembering it wrong, but it sounds like its less.
Nothing To See Here’ - Frackers Ignore Rising Well Decline Rates I like to know what board thinks of this yahoo article article. This might boost interest back into the deep water.
I wonder if Statoil is the potential buyer of the Angola assets.