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Author Topic: Saudi Size Oil field claim  (Read 38953 times)

Offline David Sparkman

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Re: Saudi Size Oil field claim
« Reply #25 on: 27/08/2005 02:45:55 »
For the oil companies and claims of profits, it is best to have them send you a prospectus though the government mail system. Not by FedEx or UPS. Then, if they are committing fraud, they go to jail. An honest company exploring for energy is a risky enough proposition. A company who skirts the laws by avoiding a legal prospectus, and avoiding sending it though the federal mail system is telling you up front that he thinks that your money will quickly be his money. (This applies to US law, don't know what they have elsewhere.)

David
 

Offline keyboardexpress

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Re: Saudi Size Oil field claim
« Reply #26 on: 28/08/2005 16:53:40 »
In early August Eden sent me a prospectus. They will do so for anyone who asks.
 

Offline erich

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Re: Saudi Size Oil field claim
« Reply #27 on: 11/10/2005 21:57:30 »
Hi Keyboard ,
welcome to my thread.

Here is interesting work going on that supports Alan K. Chamberlain's findings:




From: kennnthomas@...
Date: Mon Oct 10, 2005 6:21 pm
Subject: "bolstering the geothermal/oil/gold connection " kennnthomas2000
Offline
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Assessing the Role of Active and Ancient Geothermal Processes in
Oil-Reservoir Evolution in the Basin and Range Province
PERSON IN CHARGE: Jeffrey B. Hulen (801-581-8794; Fax 801-585-3540;
E-mail jhulen@...)
Objectives: The project is structured around investigation of the
premise that active and ancient moderate-temperature hydrothermal
systems, by various means, have been instrumental in the generation,
migration, and entrapment of oil in the Basin and Range province of the
western United States.
Project Description: The eastern Basin and Range encompasses several
shallow and hot (<2 km; up to 130°C) oil fields (for example Blackburn
and Grant Canyon/Bacon Flat) that geologically resemble the Carlin-type,
Paleozoic sediment-hosted gold deposits occurring in the same
region—in particular those of the southern Alligator Ridge mining
district about midway between the towns of Elko and Ely, Nevada. We are
investigating the distinct possibility that at least some of these gold
deposits are the exhumed and oxidized, paleogeothermal analogues of the
modern, exploited geothermal oil fields. Our approach is
multidisciplinary, involving (1) detailed geologic mapping, (2) logging
of drill cuttings and cores, with emphasis on alteration, porosity
characteristics, vein mineralization and paragenesis, and hydrocarbon
type and distribution, (3) three-dimensional stratigraphic/structural
analysis to allow reconstruction of fluid-flow paths used by both
thermal waters and hydrocarbons, (4) fluid-inclusion microthermometry,
to ascertain the compositions and temperatures of these fluids at
different times during the duration of the hydrothermal system, (5)
whole-rock and vein-mineral geochemistry, (6) hydrogeochemistry of
oil-field vs. regional
waters, and (7) stable-isotopic systematics of thermal waters and vein
and alteration minerals.
Results: During the past year, we have mapped several small, new
open-pit gold mines in the southern Alligator Ridge district, adding new
details to the stratigraphic/structural and hydrothermal picture
previously established for this area. All the new mines penetrate the
same oil-bearing, altered, and mineralized Paleozoic sedimentary
sequence encountered in prior excavations. The oil, freely-flowing and
in fluid inclusions, occurs within and around both low- and high-grade
gold ore bodies. From detailed petrographic and fluid-inclusion work
coupled with field relationships, the oil appears to have been
introduced in the same hydrothermal system responsible for the
precious-metal mineralization. The temperature of mineralization
apparently did not exceed 130°C. This surprising finding is confirmed
not only by pressure-corrected, fluid-inclusion homogenization
temperatures but also by temperature-dependent biomarker transformation
preserved by hydrocarbons in oil-rich fluid inclusions. There is a
distinct depletion in 1/16O of the oil-bearing ore bodies' wall rocks
relative to their unaltered and unmineralized counterparts. Two deep oil
wells completed in the immediate area penetrated neither intrusive rocks
nor sedimentary rocks hydrothermally altered at high temperatures. One
of these wells, just a mile from the ore bodies, bored through the
hydrocarbon source rocks, which at this location and depth were shown by
Rock-Eval pyrolysis to be near peak oil-gen
eration capacity. It now appears highly likely that the gold-depositing
hydrothermal system was directly responsible here for the generation,
migration, and entrapment of oil; however, we still do not know to what
extent, if any, the oil actually contributed to the mineralization
process. In other words, the formation of this particular fossil oil
reservoir may well have been just a beneficial side effect of the
ore-forming hydrothermal event. By contrast, at another oil-rich gold
deposit, Gold Point near Ely, we have determined that hydrocarbons were
crucial to mineralization, most likely providing highly adsorptive
substrates for electrum precipitation.
In huge Railroad Valley, about 25 km southwest of Gold Point and the
site of most of Nevada's oil production, our study of oil-well
drill-stem-test temperatures has indicated that the western side of this
fault-bounded valley is probably a major regional hydrologic downflow
zone, whereas the eastern side, along which the hottest oil fields
occur, is a region of localized geo
thermal upflow of the same waters. These geothermal plumes have fostered
the maturation of hydrocarbon source rocks as well as the migration and
entrapment of the newly generated oils. A pilot study of the regional
hydrocarbon-sealing mechanism in this valley has indicated that
volcanic-ash-rich beds at the base of the valley-fill sequence have been
widely altered to montmorillonite, thereby inhibiting the escape of oils
structurally entrapped in underlying Tertiary ignimbrites and brecciated
Paleozoic dolomites. At Kyle Hot Springs, near Winnemucca in western
Nevada, an active, moderate-temperature geothermal system has generated
paraffin-rich heavy crude oils from hypersaline-lacustrine Tertiary
source rocks, which are otherwise well below the favorable
oil-generation "window." The Kyle system, in a more energetic early
phase, also precipitated hydrocarbon- and gold-bearing siliceous sinter,
bolstering the geothermal/oil/gold connection we have been documenting
in the eastern part of the state.
GRANTEE: UNIVERSITY OF UTAH
Department of Geology and Geophysics
717 Browning Building
Salt Lake City, Utah 84112
GRANT: DE-FG03-93ER14313
TITLE: High Resolution Imaging of Electrical Conductivity Using Low
Frequency Electromagnetic Fields
PERSON IN CHARGE: Dr. Alan C. Tripp (801-462-2112 or 801-581-4664; Fax
801-581-7065; E-mail actripp@...)
Objectives: The project seeks to determine means of increasing the
resolution of low frequency electromagnetic techniques by means of an
optimal use of a priori information.

http://www.sc.doe.gov/production/bes/geo/Publications/FY96Summ/sect13.htm



And there is More company in Nevada:


Nevada
By OGJ editors

HOUSTON, Oct. 6 -- PetroWorld Nevada Corp., George Town, Grand Cayman, began acquiring 19 line-miles of 2D seismic data to verify closure on the Gabbs Valley prospect in western Nye County. Expected acquisition cost is $300,000.

PetroWorld has an exclusive agreement with Cortez Exploration LLC, holder of 90% equity interest in the 44,000-acre prospect, to acquire seismic data over the 12 by 7 mile surface anticline (OGJ Online, July 22, 2004). A well drilled by unrelated entities on the east side of the anticline established the presence of hydrocarbons in the Tertiary section.

Empire Petroleum Corp., Tulsa, Okla., holds the other 10%.

PetroWorld also holds oil and gas interests in Thailand.


Cheers,
Erich

Erich J. Knight
 

Offline erich

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Re: Saudi Size Oil field claim
« Reply #28 on: 17/03/2006 19:54:57 »
Dear Folks:
How much oil is in Nevada?
 Dr. Alan Chamberlain, this week, stated his estimates, that there is almost 1.9 TRILLION barrels of oil in the state. Mind you, since the 1850s, when the first oil was pumped in Pennsylvania, until now, total worldwide oil production is only 1 trillion barrels. Further, many experts (Deffeyes in Hubbert's Peak, for instance) believe that 2 trillion barrels is the total original world supply, meaning we only have 1 trillion left in the whole world. Chamberlain is now on the record as stating that he thinks there is roughly as much oil in Nevada as the rest of the world put together ever had. Any thoughts on this? If Eden Energy finds a couple of billion barrels, investors are rich beyond their collective imaginations; but a couple of trillion barrels?? That number just seems impossibly big. http://www.cedarstrat.com/index.html


I saw an article about Chevron having a nanotech process for
tar sand oil that's  so efficient that $35 oil will be profitable. What if they could develope this tech for CO2 injection?......
http://www.foresight.org/nanodot/?p=2179

Erich J. Knight
 

Offline JimBob

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Re: Saudi Size Oil field claim
« Reply #29 on: 17/03/2006 23:55:47 »
Hi Erich,

Go to the Nevada Bureau of Mines and Geology website, (I've got it bookmarked - http://www.nbmg.unr.edu/lists/oil/oil.htm) - and download the source rock database for Oil and Gas Wells. You will note that the hydrocarbon available for pyrolosis is above 1.3% in some cases. I have studied this report and it seems to look good for Eden, and I also know of a comperable prospect to Eden with a private investor I know of. If you know anyone interested, let me know. It is 37,000+ acres. Depth of burial as well as hydrothemal pyrolosis makes it looks pretty darn good.

JimBob



If I only had a little humility, I'd be perfect.
    ----Ted Turner
 

Offline JimBob

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Re: Saudi Size Oil field claim
« Reply #30 on: 18/03/2006 00:01:29 »
quote:
Originally posted by Bass

From a geological standpoint, all the right ingredients are present:
good source rocks
geologic structures to transport and trap hydrocarbon deposits
younger cap rocks

The only thing missing at this point is...    OIL

Sounds like a great place to look for the stuff, but other promising spots in the US overthrust belt have not panned out as expected.  Wait for some positive results from the drill holes before investing.  There may be a reason why Exxon pulled out the area years ago.

Prediction is difficult, especially the future.  -Niels Bohr



It was because they abandoned all domestic oil exploration and focused solely on overseas.


If I only had a little humility, I'd be perfect.
    ----Ted Turner
 

Offline JDG8R

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Re: Saudi Size Oil field claim
« Reply #31 on: 20/03/2006 02:12:36 »
RE the Eden web page,
where's the beef?
BS

Their stock symbol has a new marking ".ob" which typically=obituary.  

As scientists, do you think the following list of insider buys and sells is statistically signficant in either direction?

7-Mar-06 BONNELL, DREW
Secretary  50,000 Direct Option Exercise at $1 per share. $50,000
16-Feb-06 MARTIN, JOHN
Director  10,000 Direct Option Exercise at $2.25 per share. $22,500
15-Feb-06 VANGUARD CAPITAL LTD
 239,963 Direct Planned Sale $1,180,0001  
15-Feb-06 CLEARWATERS MANAGEMENT LTD
 200,000 Direct Planned Sale $636,0001  
15-Feb-06 REID, KEITH
 20,000 Direct Planned Sale $63,0001  
15-Feb-06 FASTRACK CAPITAL PARTNERS
 72,996 Direct Planned Sale $230,0001  
10-Feb-06 FORT SCOTT ENERGY CORP
 339,864 Direct Planned Sale $343,4301  
4-Feb-06 PROFESSIONAL TRADING SERVICES SA
 72,596 Direct Planned Sale $232,3071  
31-Jan-06 DAIMLER CAPITAL PARTNERS LTD
 77,300 Direct Planned Sale $227,2621  
24-Jan-06 MITCHELL, PAUL
 18,000 Direct Planned Sale $63,9001  
22-Dec-05 MAC & CO
 200,000 Direct Planned Sale $476,0001  
13-Dec-05 KALLUR ENTERPRISES LTD.
 300,000 Direct Planned Sale $651,0001  
5-Dec-05 HOPE, EARL
 339,863 Direct Planned Sale $350,0001  
5-Dec-05 HOFER, ERICH
 333,363 Direct Planned Sale $250,0001  
1-Dec-05 128 INVESTMENTS LTD. (ERNEST HUI)
 50,000 Direct Planned Sale $150,0001  
1-Dec-05 BC LTD, 678540
 20,000 Direct Planned Sale $50,0001  
1-Dec-05 COOLIDGE, DAVE
 30,000 Direct Planned Sale $75,0001  
1-Dec-05 BRADAM FINANCIAL HOLDINGS
 120,000 Direct Planned Sale $240,0001  
1-Dec-05 CMK FINANCIAL HOLDINGS
 40,000 Direct Planned Sale $80,0001  
30-Nov-05 BANK JULIUS BAER & CO LTD.
 100,000 Direct Planned Sale $188,0001  
28-Nov-05 CHARTWELL INVESTMENT SVCS
 210,000 Direct Planned Sale $420,0001  
25-Nov-05 SPECKERT, ERWIN
 100,000 Direct Planned Sale $370,0001  
24-Nov-05 MITCHELL, PAUL
 40,000 Direct Planned Sale $80,8001  
23-Nov-05 MAYER, KAREN
 100,000 Direct Planned Sale $200,0001  
20-Nov-05 DHILLON, AVTAR
 100,000 Direct Planned Sale $207,0001  
17-Nov-05 COLWOOD ENTERPRISES LTD
 40,000 Direct Planned Sale $82,8001  
16-Nov-05 KING, PAUL J.
 50,000 Direct Planned Sale $146,5001  
16-Nov-05 MCCARROLL, JASON
 50,000 Direct Planned Sale $146,5001  
16-Nov-05 TURNER, BARB
 100,000 Direct Planned Sale $293,0001  
16-Nov-05 RYBINSKI, JOHN
 100,000 Direct Planned Sale $293,0001  
16-Nov-05 PRICE, DANA
 50,000 Direct Planned Sale $5,146,5001  
16-Nov-05 PEDROSA, MARIA
 200,000 Direct Planned Sale $586,0001  
16-Nov-05 EDWARDS, CHRISTA
 50,000 Direct Planned Sale $146,5001  
16-Nov-05 MAEDEL, BARRY
 50,000 Direct Planned Sale $146,5001  
16-Nov-05 TOGNETTI, JOHN
 300,000 Direct Planned Sale $179,0001  
15-Nov-05 SUBARACHI FOUNDATION
 80,000 Direct Planned Sale $296,0001  
15-Nov-05 INTERLOAN SA
 60,000 Direct Planned Sale $222,0001  
15-Nov-05 RIPPON, DONALD
 40,000 Direct Planned Sale $80,0001  
15-Nov-05 KAMENDA CAPITAL
 75,000 Direct Planned Sale $208,5001  
15-Nov-05 PESCOD, DAVE
Private or Shareholder  100,000 Direct Planned Sale $225,0001  
10-Nov-05 BRIGADOON INVESTMENTS LTD
 80,000 Direct Planned Sale $194,4001  
9-Nov-05 SHALIMAR BUSINESS SA
 90,000 Direct Planned Sale $169,2001  
8-Nov-05 FASTRACK CAPITAL PARTNERS
 327,404 Direct Planned Sale $959,2321  
8-Nov-05 CASE, STANLEY
 100,000 Direct Planned Sale $225,0001  
7-Nov-05 WEISS, CONRAD
 100,000 Direct Planned Sale $294,0001  
4-Nov-05 PROFESSIONAL TRADING SERVICES SA
 327,404 Direct Planned Sale $779,2211  
2-Nov-05 HSU, TSENG HUI
 50,000 Direct Planned Sale $100,0001  
1-Nov-05 ROSS, THOMAS
 100,000 Direct Planned Sale $258,0001  
31-Oct-05 SUNDAR, JASON
 40,000 Direct Planned Sale $155,0001  
28-Oct-05 COLE, BRIAN
 20,000 Direct Planned Sale $50,6001  
10-Oct-05 MARTIN, JOHN
 101,000 Direct Planned Sale $400,0001  
6-Oct-05 MARTIN, JOHN
Director  38,000 Direct Planned Sale $195,0001  
4-Oct-05 DAIMLER CAPITAL PTNS LTD
 300,000 Direct Planned Sale $1,590,0001  
27-Sep-05 BONNELL, DREW
Secretary/Treasurer  36,200 Direct Sale at $5.20 - $5.33 per share. $191,0002  
26-Sep-05 BONNELL, DREW
Secretary/Treasurer  56,600 Direct Sale at $5.325 - $5.347 per share. $302,0002  
23-Sep-05 BONNELL, DREW
Secretary/Treasurer  7,200 Direct Sale at $5.28 per share. $38,016
22-Sep-05 SHARPE, DONALD A.
President  26,200 Direct Sale at $5.32 - $5.4 per share. $140,0002  
21-Sep-05 SHARPE, DONALD A.
President  51,000 Direct Sale at $5.30 - $5.6 per share. $278,0002  
20-Sep-05 SHARPE, DONALD A.
President  22,800 Direct Sale at $5.35 - $5.4 per share. $123,0002  
19-Sep-05 MARTIN, JOHN
Director  12,000 Direct Sale at $5.164 - $5.24 per share. $62,0002  
16-Sep-05 MARTIN, JOHN
Director  10,000 Direct Sale at $4.84 per share. $48,400
15-Sep-05 MARTIN, JOHN
Director  100,000 Direct Option Exercise at $1 per share. $100,000
15-Sep-05 MARTIN, JOHN
Director  5,000 Direct Sale at $5.26 per share. $26,300
15-Sep-05 MARTIN, JOHN
Director  100,000 Direct Option Exercise at $1 per share. $100,000
15-Sep-05 BONNELL, DREW
Secretary/Treasurer  100,000 Direct Option Exercise at $0.50 per share. $50,000
15-Sep-05 SHARPE, DONALD A.
President  100,000 Direct Option Exercise at $0.50 per share. $50,000
14-Sep-05 MARTIN, JOHN
Director  20,000 Direct Sale at $5.58 - $5.62 per share. $112,0002  
13-Sep-05 MARTIN, JOHN
Director  5,000 Direct Sale at $4.83 per share. $24,150
12-Sep-05 MARTIN, JOHN
Director  5,000 Direct Sale at $4.31 per share. $21,549
1-Sep-05 MARTIN, JOHN
Director  5,000 Direct Sale at $6.90 per share. $34,500
31-Aug-05 MARTIN, JOHN
Director  10,000 Direct Sale at $6.93 per share. $69,300
28-Aug-05 TIGER EYE HOLDINGS LTD.
 300,000 Direct Planned Sale $1,950,0001  
23-Aug-05 MARTIN, JOHN
Director  50,000 Direct Option Exercise at $1 per share. $50,000
27-Jul-05 BODINO, MICHAEL
Former Director  200,000 Direct Planned Sale $1,000,0001  
22-Jul-05 BONNELL, DREW
Secretary/Treasurer  9,600 Direct Sale at $5 per share. $48,000
20-Jul-05 MARTIN, JOHN
Director  7,000 Direct Sale at $4.378 - $4.42 per share. $31,0002  
19-Jul-05 MARTIN, JOHN
Director  4,000 Direct Sale at $4.42 per share. $17,680
18-Jul-05 BONNELL, DREW
Secretary/Treasurer  6,700 Direct Sale at $3.842 - $4.659 per share. $28,0002  
18-Jul-05 SHARPE, DONALD A.
President  25,000 Direct Sale at $4.90 - $4.99 per share. $124,0002  
18-Jul-05 MARTIN, JOHN
Director  5,000 Direct Sale at $5.02 per share. $25,099
15-Jul-05 BONNELL, DREW
Secretary/Treasurer  5,000 Direct Sale at $4 per share. $20,000
15-Jul-05 SHARPE, DONALD A.
President  25,000 Direct Sale at $3.92 - $4.01 per share. $99,0002  
14-Jul-05 BONNELL, DREW
Secretary/Treasurer  3,700 Direct Sale at $3.40 per share. $12,580
14-Jul-05 MARTIN, JOHN
Director  3,000 Direct Purchase at $3.54 per share. $10,620
12-Jul-05 MARTIN, JOHN
Director  5,000 Direct Purchase at $4.26 per share. $21,300
11-Jul-05 MARTIN, JOHN
Director  1,000 Direct Purchase at $4.14 per share. $4,140
8-Jul-05 MARTIN, JOHN
Director  25,000 Direct Sale at $3.528 per share. $88,200
7-Jul-05 BONNELL, DREW
Secretary/Treasurer  25,000 Direct Option Exercise at $0.50 per share. $12,500
7-Jul-05 SHARPE, DONALD A.
President  50,000 Direct Option Exercise at $0.50 per share. $25,000
7-Jul-05 MARTIN, JOHN
Director  25,000 Direct Sale at $3.30 per share. $82,500
29-Jun-05 MARTIN, JOHN
Director  50,000 Direct Option Exercise at $1 per share. $50,000
23-Jun-05 MARTIN, JOHN
Director  2,000 Direct Purchase at $2.62 per share. $5,240
15-Jun-05 MARTIN, JOHN
Director  2,000 Direct Purchase at $2.45 per share. $4,900
28-Apr-05 BONNELL, DREW
Secretary/Treasurer  5,000 Direct Sale at $2.70 per share. $13,500
25-Apr-05 BONNELL, DREW
Secretary/Treasurer  20,000 Direct Sale at $2.70 per share. $54,000
7-Apr-05 BONNELL, DREW
Secretary/Treasurer  25,000 Direct Option Exercise at $0.50 per share. $12,500
31-Aug-04 MARTIN, JOHN
Director  3,000 Direct Statement of Ownership
« Last Edit: 25/03/2006 01:37:15 by JDG8R »
 

Offline ukmicky

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Re: Saudi Size Oil field claim
« Reply #32 on: 20/03/2006 03:02:17 »
?????????????

Michael
 

Offline ariel

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Re: Saudi Size Oil field claim
« Reply #33 on: 20/03/2006 03:27:17 »
?????????????

Ariel
 

Offline ukmicky

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Re: Saudi Size Oil field claim
« Reply #34 on: 20/03/2006 04:16:55 »
copy cat :)

Michael
 

Offline JimBob

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Re: Saudi Size Oil field claim
« Reply #35 on: 20/03/2006 04:24:19 »
Welcome JDG8R, Glad you here as the "J.D." are my initials as well and I have a niece, her husband and 4 grand-nephews and 1 grand-niece in St. Pete.

There is no "beef" from Eden. It is all from CederStrat, from whom the prospect was purchased. Eden has yet to post any info except this prospect. Chamberlain (CederStrat) is going around the country speaking at any geological meeting that will let him speak hyping his ideas. Until Wolverine's huge discovery in Utah, he was selling prospects in the basins, not the ranges. The project I know of was purchased before both Eden and the Utah discovery ever coame on the horizon. I have worked this area for a while and I think there is oil in Nevada - know where several wells with uneconomice reserves of 42 degree sweet crude are -  so there is decent oil to be found in Nevada.


If I only had a little humility, I'd be perfect.
      --Ted Turner
« Last Edit: 20/03/2006 04:25:45 by JimBob »
 

Offline VAlibrarian

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Re: Saudi Size Oil field claim
« Reply #36 on: 23/03/2006 02:20:26 »
Let's discuss this in another fifty years. My prediction is that the United States will not be self-suffcient in petroleum in the year 2056. And if we somehow are, Florida will be gradually going underwater due to Global warming.

Looking back at this posting, it is quite cranky. But if you were as interested in global warming as a topic as I am, you might share my concern.

chris wiegard
 

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Re: Saudi Size Oil field claim
« Reply #37 on: 23/03/2006 04:47:48 »
quote:
Originally posted by VAlibrarian

Let's discuss this in another fifty years. My prediction is that the United States will not be self-suffcient in petroleum in the year 2056. And if we somehow are, Florida will be gradually going underwater due to Global warming.




If the US will be self sufficient in petroleum by 2056, it will probably be because petroleum is no longer a significant fuel, and so petroleum consumption has dropped to a level that the US is capable of supplying.  That having been said, such a massive drop in petroleum consumption will cause such a drop in the price of crude that it will probably become uneconomic to extract oil in the US (that is essentially what has happened to the coal industry in the UK – there are huge untapped reserves of coal, but the demand for coal is so low that it is not worth paying UK wage rates for UK miners to go down and get it, so we still end up importing the coal we use).

As for Florida, even shutting off all the CO2 production we have will still not stop global warming, so the fate of Florida is down to investment in sea defences, or the absence of them – whichever the politicians will choose.



George
 

Offline erich

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Re: Saudi Size Oil field claim
« Reply #38 on: 24/03/2006 06:03:30 »
Dear Folks:
How much oil is in Nevada?
Dr. Alan Chamberlain, this week, stated his estimates, that there is almost 1.9 TRILLION barrels of oil in the state. Mind you, since the 1850s, when the first oil was pumped in Pennsylvania, until now, total worldwide oil production is only 1 trillion barrels. Further, many experts (Deffeyes in Hubbert's Peak, for instance) believe that 2 trillion barrels is the total original world supply, meaning we only have 1 trillion left in the whole world. Chamberlain is now on the record as stating that he thinks there is roughly as much oil in Nevada as the rest of the world put together ever had. Any thoughts on this? If Eden Energy finds a couple of billion barrels, investors are rich beyond their collective imaginations; but a couple of trillion barrels?? That number just seems impossibly big. http://www.cedarstrat.com/index.html

Also:

I saw an article about Chevron having a nanotech process for
tar sand oil that's so efficient that $35 oil will be profitable. What if they could develope this tech for CO2 injection?......
http://www.foresight.org/nanodot/?p=2179

Erich J. Knight
 

Offline JDG8R

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Re: Saudi Size Oil field claim
« Reply #39 on: 24/03/2006 14:07:17 »
"If Eden Energy finds a couple of billion barrels, investors are rich beyond their collective imaginations; but a couple of trillion barrels?? That number just seems impossibly big. newbielink:http://www.cedarstrat.com/index.html [nonactive]"

If Eden is really on to something, and it is very tempting to think and hope they are, then why would the insiders at the company and instituitonal investors be selling their stock?

That list I posted above is a list of insider buys and sells.  I dont have the energy to add em up, but at a glance the $$ amount of sells hugely outweighs the $$amount of buys.  This is not a good sign for small investors who paid for their shares (as opposed to company officers who are granted shares --or are given the option to purchase them at $1 when the stock is trading at $3-- AND recieve a very nice salary).

I really hope there are significant recoverable reserves in Nevada, I really really really do. But at this point I wouldn't gamble if the insiders aren't willing to.

Now investing in tar sand recovery, which is really happening, does seem legit.

I think the best way to play the energy thing is to invest in the big boys (XOM, CVX, etc).  If this field proves out, they will get in on it in one way or another.  And if alternative fuels are ever realized, they will swallow those companies up with their huge cash reserves.

Just my lay opinion.

Jim

Just found this, from Stocklemon.com which might be of interest:


********************************************************************
August 25, 2005

Stocklemon Reports on Eden Energy (EDNE)



Stocklemon Reports on Eden Energy (OTC:EDNE)

CAN YOU SMELL A MINI-ENRON HERE ??????

Outstanding Shares- 34,943,886

Market Cap- $200 million +

Revenues- 0

Mailboxes around the country have been stuffed with glossy mailers promoting Eden Energy Corp. (OTCBB:EDNE) These cheery promo pieces paint a rosy picture of huge oil and gas finds … but they will never disclose the self-dealings of its insiders, their track record with a similarly-promoted company they hyped less than two years ago, and the deceptions of which stock promotions are made.

The breathless prose describing the next great oil find in the US reminds us of a stock 2 years ago that portended the next great Natural Gas find in the US : that stock was Heartland Oil and Gas -- Wait, wait, don’t tell me -- these two companies share the same office !

Eden Energy and Heartland Oil and Gas

Eden Energy shares offices with another Vancouver stock promotion called Heartland Oil and Gas (HOGC) at 200 Burrard Street, Suite 1925 Vancouver, B.C. But these companies have a lot more in common than their address. HOGC had a similar trading pattern to Eden Energy back in late 2003. Much like Eden Energy, Heartland put out a slew of announcements that discussed the potential of great finds of natural gas in America’s heartland, and follow-on PR boasted of huge financial backing. A sampling of the releases can be found here:

newbielink:http://www.heartlandoilandgas.com/news.html [nonactive]

Heartland stock currently trades at 45 cents on the OTC – down over 90% from where it was when its glossy mailers were bulk-mailed out -- and its revenues for last quarter were 0.

Meet “The Smartest Guys in the Room” -- The Sequel

The President and CEO of Heartland is Richard Coglon:

newbielink:http://www.heartlandoilandgas.com/manage.html [nonactive]

Mr. Coglon has a “colorful” past -- he has been reprimanded for conflict of interest breaches in shady offshore dealings with public companies:

newbielink:http://www.lawsociety.bc.ca/media/news/body_news_01-10-09(coglan).html [nonactive]

Mr. Coglon is also on the board of dormant OTCBB stock BNVLF:

newbielink:http://www.otcbb.com/profiles/BNVLF.htm [nonactive]

 

The CEO of Eden Energy is Donald Sharpe. Mr. Sharpe was also the president of Nation Energy (OTCBB:NEGY), currently trading at .20 cents. (It was once $2.00.) He is also a director of Heartland.

But these two men are connected in more than just offices and penny stock oil companies as you will read below.

Eden Energy is supposed to be a company that is drilling for oil in the “fertile” oil fields on Nevada. They own the rights to drill on over 200,000 acres. How did they get these rights? They bought a company called Frontier Exploration that was owned by Fort Scott Energy. As stated in the last 10Q:

“The Company entered into an Assignment Agreement with Fort Scott Energy Corp. (“Fort Scott”) dated August 5, 2004 in which the Company acquired Fort Scott’s interest in a Participation Agreement dated April 26, 2004 with Cedar Strat Corporation (“Cedar Strat”). The Participation Agreement provides for the acquisition of certain oil and gas leases and rights located in eastern Nevada, USA, held by Frontier Exploration Ltd. ("Frontier”), which at the time was a wholly-owned subsidiary of Fort Scott.”

Here is a copy of the news release

newbielink:http://www.edenenergycorp.com/news083104.htm [nonactive]

How much did the company pay for this assignment agreement?

The Company issued a Promissory Note and Convertible Debenture (“Debenture”) to Fort Scott in the principal amount of $500,000. The Debenture bears interest at a rate of 7% per annum, matures on August 31, 2006, and will entitle Fort Scott to convert the principal and accrued interest into units at $0.25 per unit. Each unit will consist of one share of common stock and one-half of one warrant. Each whole warrant will be exercisable into one additional common share at $0.50 per share on or before the later of August 31.

The company also issued 500,000 shares of EDNE stock to Fort Scott.

Wow, seems like quite a deal … In fact, at today’s prices it amounts to over $25 million worth of EDNE stock, which can be sold into the market at any time whether any oil is ever found on the property or not! We wonder who they gave such a good deal to??????? Answer:

 

THEMSELVES !

A simple search on Nevada Corporate Records show the sole officer of Fort Scott as none other than Richard Coglon, the CEO of Heartland Oil and Gas.

newbielink:https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=503912 [nonactive]

The same search show the sole officer of Frontier Exploration as Donald Sharpe, the CEO of Eden Energy:

newbielink:https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=517445 [nonactive]

So, it looks to Stocklemon as if the company bought the drilling rights from themselves in a sweetheart deal, issued a convertible debenture to themselves and NEVER DISCLOSED THAT INFORMATION TO SHAREHOLDERS. To convert that paper (EDNE shares) to greenbacks.

To add insult to injury, if they do happen to find any oil, it says on the Eden Website:

“For each 10 million barrels of proved reserves found, the company is obligated to issue 1 million shares to Fort Scott Energy, to a maximum of 10 million shares”

newbielink:http://www.edenenergycorp.com/investor.html [nonactive]

 

…All this without disclosing that true beneficial sellers of the drilling rights are a the CEO of the company and a related party.

This is Fraud. This is an SEC Enforcement issue that must be addressed. Failure to disclose self-dealing violates every principle of corporate governance. It also intentionally misleads the public about the true value of this drilling prospect, which is essentially Eden’s only asset, because there is no process by which the fair value of the asset in this transaction was established.

Is there anything to show there might be oil in Nevada?

The company bases much of their credibility on the words of Dr. Alan Chamberlain. Chamberlain believes there is oil in them thar hills and he has become Eden’s “independent” expert – essentially their credibility. But he isn’t independent either. Eden is partners with Chamberlain through his Cedar Strat operation.

ARE WE SUPPOSED TO BE IMPRESSED ??

On June 14, 2005, the Company, through a newly formed Nevada subsidiary Southern Frontier Explorations Ltd., acquired 50,000 acres of ten-year federal BLM oil and gas leases located in the Great Basin of Nevada, at an average cost of $2.25 per acre. A prospect fee of $750,000 was paid to Cedar Strat in connection with the acquisition of the leases.

So lets get this straight, the company paid $125,000 to acquire the lease and then they paid Cedar Strat (Chamberlain) $750,000 in prospecting fees. And Chamberlain is supposed to be an “independent” expert. It does not take a genius to figure this one out.

Chamberlain also has experience with penny stocks. He is associated with pink sheet issue CLWXF that is trading at .09 cents. newbielink:http://biz.yahoo.com/bw/050823/235304.html?.v=1 [nonactive]

The Promotion

Eden Energy is currently the subject of many newsletter writers. The (in)famous Scott Fraser of the “Natural Contrarian” has sent out a glossy piece recommending Eden Energy. For those of you who do no know, here is Scott Fraser’s experience with SEC Enforcement:

newbielink:http://www.sec.gov/litigation/admin/34-48544.htm [nonactive]

Meanwhile, the rest of the cast of characters running Eden’s stock promotion was best described in the August 20th article by David Baines of the Vancouver Sun, in which he identifies the other nefarious characters involved in this “scheme”:

newbielink:http://www.stocklemon.com/files/824200531728PMedne.rtf [nonactive]


Conclusion

Stocklemon has covered numerous Vancouver-based natural resource stock promotions over the years. They all seem to have the same destiny. Stocklemon believes the best predictor of EDNE’s future is the performance of its roommate HOGC. Undisclosed self-dealings, newsletter writers, stock promoters, and 4-color “too-good-to-be-true” brochures of oil and gas finds are the bread and butter, rather than the heart, of Vancouver’s Burrard Street. If the pattern holds true, Stocklemon believes EDNE will separate unwary investors from 90% of their investment dollars.

Cautious investing to all.


« Last Edit: 25/03/2006 00:45:18 by JDG8R »
 

Offline erich

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Re: Saudi Size Oil field claim
« Reply #40 on: 26/03/2006 17:53:10 »
The REAL lemon is...


OTC STOCK SINKER HIDES ON THE WEB
By BEN SILVERMAN
http://www.stockhouse.ca/bullboards/viewmessage.asp?no=7256927&tableid=2

YP.Net Calls Upon Stocklemon.com to Reveal the Names of its Principals, and to Disclose Their Trades Involving YP.Net Stock
http://www.yp.com/press_release.php?releaseid=2004011301
also
http://www.yp.com/StocklemonLawsuit.doc

With respect to the next article below, the author cites Stocklemon's name and address. I cannot trace the phone number, but it might be unlisted or Stocklemon may have since changed the number (if it was ever accurate). However, anyone can go to http://www.reversephonedirectory.com, scroll down the page a little bit, and enter the address. It looks like an office complex with four tenants. I have no idea how the author came by this address or whether or not Stocklemon actually uses one of these spaces.

The Morning Sleuth...Naked Lunch, Served Cold
Aug. 18, 2005
http://www.pennysleuth.com/issues/08.18.05.html

Is Stocklemon a Lemon?
http://www.redherring.com/Article.aspx?a=11786


Erich J. Knight
 

Offline erich

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Re: Saudi Size Oil field claim
« Reply #41 on: 29/03/2006 03:44:07 »
Here's the link citing Chamberlain saying there are 1.89 trillion
barrels of oil in Nevada --
Geologist says White Pine must keep public lands open for oil exploration
Claims undiscovered oil reserves are '10 times' Saudi Arabia's
http://www.elynews.com/articles/2006/03/10/news/news03.txt

And last Friday, 3/24, there was a follow-up article --

County modifies wilderness area recommendations to allow oil and gas
exploration
Chamberlain identified an area in the White Pine Range in the
vicinity of Treasure Hill as one of the most important spots to search
for oil. . . He said the shale south of Wheeler Mountain is some of the richest organic material we've found in the state.
http://www.elynews.com/articles/2006/03/24/news/news04.txt

Erich J. Knight
 

Offline erich

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Re: Saudi Size Oil field claim
« Reply #42 on: 02/04/2006 18:54:23 »
Posted - 30 March 2006 :  22:49:03    
--------------------------------------------------------------------------------
 Here's a post from  http://forum.oilvoice.com/forum.asp?FORUM_ID=1


"Believe me, I have been a wellsite geologist for over 40 wells in that area, and the Mississippian Chainman is a loaded source rock. Everytime you drill through it you get massive oil shows from the shales. It is the primary source rock for what was at one time the largest producting well in the lower 48, Grant Canyon #3 (I believe it was at 4000 bbls a day for a number of years). The Blackburn field is also sourced by the Chainman, and some of the lower sands in the Chainman are also productive.

Paul Stiles "


Erich J. Knight
 

Offline JDG8R

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Re: Saudi Size Oil field claim
« Reply #43 on: 03/04/2006 12:44:39 »
EDEN CEO has been busy selling since I posted the list above.  Here is an update of the last 10 days:

Date Insider Shares Type Transaction Value*
31-Mar-06 SPECKERT, ERWIN
 98,500 Direct Planned Sale $248,0001  
29-Mar-06 SHARPE, DONALD A.
President  10,000 Direct Sale at $2.90 - $2.91 per share. $29,0002  
28-Mar-06 SHARPE, DONALD A.
President  9,613 Direct Sale at $2.98 - $3.08 per share. $29,0002  
27-Mar-06 SHARPE, DONALD A.
President  1,287 Direct Disposition (Non Open Market) at $2.97 per share. $3,822
27-Mar-06 SHARPE, DONALD A.
President  8,000 Direct Sale at $2.95 - $2.96 per share. $24,0002  
24-Mar-06 SHARPE, DONALD A.
President  11,000 Direct Sale at $3 - $3.03 per share. $33,0002  
23-Mar-06 SHARPE, DONALD A.
President  10,000 Direct Sale at $3 - $3.03 per share. $30,0002  
22-Mar-06 SHARPE, DONALD A.
President  9,000 Direct Sale at $3 - $3.03 per share. $27,0002  
21-Mar-06 SHARPE, DONALD A.
President  10,000 Direct Sale at $2.95 - $2.99 per share. $30,0002  

Erich, you wouldn't happen to own any shares would you?  If so, I'd dump them now.
« Last Edit: 03/04/2006 12:50:10 by JDG8R »
 

Offline Hadrian

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Re: Saudi Size Oil field claim
« Reply #44 on: 05/04/2006 18:50:14 »
I smell some insider dealing hear!

What you do speaks so loudly that I cannot hear what you say.
 

Offline erich

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Re: Saudi Size Oil field claim
« Reply #45 on: 15/05/2006 21:16:42 »
Here is a video of Alan Chamberlain's May 10 talk to Canada Oil Geologist, High lighting His 50 $million data set for the great basin:

Elephant Hunting Heating Up in the Great Basin
http://www.insinc.com/onlinetv/cspg09may2006/softvnetplayer.htm

Erich J. Knight
 

Offline JimBob

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Re: Saudi Size Oil field claim
« Reply #46 on: 16/05/2006 01:54:42 »
From the way this guy is pushing this I believe that Mr. Knight is associated with CedarStrat or Eden Energy. Neil, Michael, Chris - why don't you put this with the other sales pitches that are posted to this site. There are a lot more attractive plaes to look for big oil besides Nevada. I know of some myself but I am not pushing them here.

Thge continual mention of the "worth" of the data base is a give-away. When this thread was started, the value quoted was MUCH less. Now it is rediculous.

Knight is a salesman.




The mind is like a parachute. It works best when open.  -- A. Einstein
 

Offline erich

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Re: Saudi Size Oil field claim
« Reply #47 on: 16/05/2006 06:18:38 »
The reason I started this thread was my ignorance of  oil geology.

My fear that this large a find would under cut the main clean technologies I have been posting about in my "A New Manhattan Project for Clean Energy" postings.

I wanted to gather informed opinions on the possibility of seeing $25 oil again.

I have gained a much needed perspective on the scale of the Oil consumption and production problems, from this and several other oil forums.

And if this elephant comes to be, I now understand how all arguments have to become for the sake of our Biosphere to convince people not to burn $25 oil.

Erich J. Knight
 

Offline JimBob

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Re: Saudi Size Oil field claim
« Reply #48 on: 16/05/2006 16:03:31 »
My apologies Eric, I made a hast assumption. I do not like the way Chaimberland does buisness. He has hurt a friend of mine severrly in his bank account. I just jumped to conclusions when I saw his name again.

I doubt your fears about $25 a bbl oil will come true. We are in the deilne of oil PRODUCTS avalability due to the lack of refining capacity to meet demand. This is driving the price up. As demand increases, refining capacity has not kept up. There is and will be - for at least 10 years - a lack of capacity and the price of oil will increase.

The mind is like a parachute. It works best when open.  -- A. Einstein
 

Offline JDG8R

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Re: Saudi Size Oil field claim
« Reply #49 on: 17/05/2006 00:02:45 »
JimBob,

Do not feel bad.  Your instinct was correct.

Erich, or Erich115 as he's known on the stock hype site RagingBull.com, has no curiosity, interest, or concern for science or conservation.  He is a shill hyping this P.O.S. stock.  As he brags on the following link, he is shilling it on all the "geology" forums.  I had actually been thinking about trying a few shares of this lemon since I stumbled on this hypster about a month ago. He got me sniffing the bait.  Your remark that you have a friend who lost big time with Chamberlain just cements my suspicions that he is a fraud.

newbielink:http://ragingbull.lycos.com/mboard/boards.cgi?board=EDNE&read=3596 [nonactive]

 
 
 « EDNE Message list  |  Reply to msg.  |  Post new msg.   « Older | Newer »    
  By: erich115  
15 May 2006, 04:20 PM EDT
 Msg. 3596 of 3600
(This msg. is a reply to 3595 by risingbull1.)
Jump to msg. #  
Great Snow:I posted it to all the oil discussion and geology forms

A shame that sites hoping to talk pure science are spoiled by crap and jerks like this.

I watched the Chamberlain video and thought he was a creep.  For what that is worth.
 

The Naked Scientists Forum

Re: Saudi Size Oil field claim
« Reply #49 on: 17/05/2006 00:02:45 »

 

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