Interesting Post, Coolnapz. Here is what I have m

Interesting Post, Coolnapz.

Here is what I have managed to dig up to help explain these strange 'pops' in share price.

ECCE - Made their jump around October the first after filing an 8-k, summarized below - It looks like this was the catalysts that caused the share price increase.

"On October 1, 2012, ECCE issued a press release making available the internal Reserve Report for the East Pearsall Project in Frio County, Texas. A copy of the press release is attached hereto as Exhibit 99.1. A copy of the internal Reserve Report of the East Pearsall Project in Frio County, Texas is attached as Exhibit 99.2"

This company's leases are worth $3K/acre or more (if they wanted to sell) and the reserves (if/when developed) are worth considerably more than that, leases in the Eagleford Play are really hot & come with considerable reserves.

ERHE - These guys own a Large East African Concession that could pottentially contain Billions of Barrels. This concession is adjacent to concessions that where other operators have made significant discoveries in the last few months, this is more than likely the reason for the run from 10 to 15 cents.

HYD - HDY owns an offshore concession off of the coast of west africa that is equivalent in size to 2500 Gulf of Mexico Lease Blocks. The concession is unexplored (except for one well that proved the presence of a source rock), so this concession represents tremendous value. The recent jump to $1.30 was after it was announced that Tullow was & HDY would soon have a Joint Venture agreement hammered out. Oddly, when the deal was finalized, the share price went down because there will not be any drilling until 2014.

WGASD - Last  heard they were producing 200 BOE per day on a restricted choke, Haven't checked in a while, their WGAS has a horrible dilution problem & their assets are not what the company claims.

Asside from WGAS, all of these companies' leases/concessions either have huge reserves or have the potential of really huge reserves. This is where these companies derive their stock price and market-cap.

ERHE & HDY will likely not see revenues for 4-5 more years, in the best case scenario, their shareholders do not expect them to be producing oil. Their job is to run seismic, find partners, find financing, and eventually participate in drilling prospects. If these companies are successful, they will likely be bought out before any production takes place.