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Oil, & Property Company
Investment Profile
OTCBB Markets: FEGR
February 14th, 2013
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C ontact Info
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FEGR
Friendly Energy Exploration
L OWEST SHARES EVER ON THE WAVE
LOWEST MARKETCAP IN YEARS
FEGR Security Details
Share Structure
Market Value 1 |
$103,048 |
a/o Feb 08, 2013 |
Shares Outstanding |
10,847,170 |
a/o Dec 31, 2012 |
Float |
Not Available |
Authorized Shares |
Not Available |
Par Value |
0.001 |
Shareholders
Shareholders of Record |
589 |
a/o Mar 29, 2012 |
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Hello Waveriders, 02/12/13
I believe this to be one of the best set up newsletters I have done on any wave I have ever written and let me explain why.
First and foremost is the availability of the SEC filings on such a low price and float.
Second by using this information in combination with real research from Southgas who is and has been in this industry for years.
Next the timing of finding this stock the last two months has allowed the wave readers the best price advantage ahead of any other large group of readers on the ihub now.
Yes we are right now the largest group I see in this stock who believes in the long term and short term success here.
Now timing is something I have studied the most on the wave the last year and have tested many times over. We have found the right path to success now for new long term stocks by taking advantage of the dip entry and then absorbing the lowest price in when we alert.
That is what last weeks alert system was used for and the testing of the friday Tsunami has led us to find.
Now enough on the wave and what I see here now.
I see a company right now that has been acquiring real land leases of oil producing property to actually rework the wells using today's technology  . As southgas pointed out this is a stripper operation that is taking advantage of using new technology to rework existing producing fields. This is less costly for the shareholders and holds much availability for shareholder equity at a much lower price then buying Exxon or another high priced oil stock for much lower gains.
Next the time schedule of turning these properties into producing wells right now is this year to switch the asset of the leases into Income  now.
Yes they now have secured the property and the required filings to start increased production toward revenues now into 2013. Now something else He spotted and that is the fact they are using a combination of financing here and even there own cash to allow success. They appear to have a strong financing now from Gannet as you will see below. Also on the filings the directors have added there own assets to increase the business.
Now next they have also allowed us to add at the beginning of the season with a moderate amount of share sold to us the commons to get involved. Yes adding commons is a great thing when you see a solid business plan as this lowers the price and we are now at the right price for the buy.
Now one other thing I noticed is it appears they have secured all there funding in the filings now for this drilling season this summer and fall. Yes they were sold earlier three months ago and what caused the drop in price below the penny.
This is were we come in at the right time now.
By buying now and moving the price above the penny we will save on share numbers sold in the future. Also by our timing behind the cash needed for this drill season they are now busy drilling and not spending time on financing. Also now the fast moves up above the .005 by this group of readers will insure the long term growth this summer now.
Next they have not had much in news and this is the season now we could see this news. Also we are mid quarter on the filings and if what we see is correct we will have a couple of weeks to verify this on the next Q filed.
Now the board is getting known and headed toward the breakout on the IHUB buzz cloud this week.
This is the time now to quietly acquire shares and be ready like we did in HBRM earlier this year.
Also in the many years of producing some of the huge long term movers we never have alerted on this low in price and many have moved from .04 to pennies and even quarters now.
Timing is everything and we are at the next huge step of moves and that is breaking the .005 range in new volume ahead. Yes we have set new volume records this last week and I have always heard volume proceeds huge moves and we have set the first step.
Now onto the report below and I feel this has information for anyone to do the research whether they are short mid or even long term.
I have listed the top section in easy format of what I see in 10 basic questions and what I feel is the strength. the next section has much valuable insight from Southgas who has been working in the oil and gas fields for years and is a trusted friend for sure.
These are the two most important places to read if you do not read anything else. From there I have included the links to reference the information and even more info from the company.
We have highlighted the properties from the latest filings and below the potential for the other sites not producing now. yes they have 23 wells that are producing and are concentrating on opening more wells on those three sites.
I feel the business plan is solid and this is based on all the information of how they are executing that business plan. The facts from the filings and the website in combination with research show the companies intentions more then a news release ever does. News releases now are used more to sell shares then to increase shareholder awareness or shareholder equity.
Now the work is up to you as an investor and that is to research further on this company and set your plan ahead. As in any investment we will have many here for many different reasons and goals and I will allow you to decide this today on the Tsunamiwaves ahead of the IHUB and other groups.
Yes this will be released on the wave IHUB but not till late tonight now and no other spot before Tuesday now.
have a great research day and please share on the Tsunamiwaves what else you see we have missed good or not so good.
dave
Recent News Headlines
Outside News Sources
Publish Date | Headline |
Feb 8, 2013 |
OTC Profits Energized: Energy Related Penny Stocks Among Those Logging Huge Gains on Friday |
Feb 8, 2013 |
Friendly Energy Announces Letter of Intent |
Nov 27, 2012 |
PennyTrackers.com Penny Stock Profiles: China Education Alliance, Inc. (OTCQX: CEAI), ZAP (OTCBB: ZAAP), Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC), Friendly Energy Exploration (PINKSHEETS: FEGR) |
Nov 10, 2012 |
Active Traders Watchlist: (PINK: FEGR), (OTCQB: VSPC), (PINKSHEETS: VMCS), (OTCQB: PGOL) |
Friendly Energy Announces Letter of Intent
BROWNWOOD, TX--(Marketwire - 02/07/13) - Friendly Energy Exploration (OTC.BB: FEGR.OB - News ) is pleased to announce it has signed a letter of intent to purchase 45% of the working interest of the Jacks B Oil & Gas Lease in Young County, Texas. This is an 80 acre lease with 22 oil wells. The company expects to finalize an agreement within 10 days.
Doug Tallant, President of Friendly Energy stated, "The Jacks B Lease is currently producing 19 barrels per day from less than half of the wells. The remaining wells are expected to be reworked in the next two months. This will significantly increase production.”
About Friendly Energy:
Friendly Energy is an exploration, development and production company in the Oil and Gas Exploration Industry. The company is focusing on low cost oil and gas recovery in the State of Texas. Friendly Energy is committed to building shareholder value by taking advantage of the current market pricing of oil and gas by developing undeveloped reserves with little downside risk. Please see the company's website: www.fegr.biz .
This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Exploration ("FEGR") reasonably expects to occur in the future. Expectations for the future performance of the business of FEGR are dependent upon a number of factors, and there can be no assurance that FEGR will achieve the results as contemplated herein and there can be no assurance that FEGR will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FEGR disclaims any obligation to update any forward-looking statement made herein.
Contact:
Sean Tallant
970-270-0103
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Corporate Profile: FEGR
Business Description
About us:
Welcome To Friendly Energy
Friendly Energy Exploration engages in the acquisition, exploration, and development of oil and gas properties in the United States. Our primary focus is on acquiring leases and wells in established fields to minimize risk, especially leases that have been poorly operated or shut in and that can be put back into production. In some instances, the Company will joint venture to further minimize risk and to add to its reserve base more quickly with a target to produce over 300 barrels of oil per day in 2013.
The Company has acquired five oil & gas leases comprising 1,800 acres in Central Texas, 80 acres in North Central Texas, and 350 acres in South Texas. There are 34 production wells on the leases. The fields all have multiple, proven oil and gas bearing formations in addition to the ones from which they are producing, and with secured acreage, there are many opportunities for additional drilling.
In addition to the wells in operation, the Company has targeted 6 more existing shut in wells to place into production before March, 2013. Total production is estimated to be 100 barrels per day as a result of testing additional proven oil bearing formations within the existing well bores. This includes gas in 'equivalent' barrels. The Company also plans to drill at least four new wells in 2013 as further development of the existing leases continues.
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Points I Will Review in The Email Below
1 the assets to liabilities ratio
They appear up to now mostly acquiring the leases. In reviewing the existing leases I see much potential of up to or over ten billion barrels of proven oil reserves. Also upon reviewing the data on these leases I feel they have managed the assets and liabilities great till now, Yes the Liabilities have grown in securing these leases but they have secured leases with existing production of 30 percent of the leases and 70% more toward increased production Also these leases can be sold or reworked by others and this is a great strategy. All the leases are in reworks and one even was sold to them because of not enough funding. They have decreased the assets by only 11k this quarter and that was after a 10% more increase last fiscal year.
Total Assets
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$
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273,472
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$
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284,691
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Total Liabilities
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3,312,818
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3,248,835
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Total liabilities and stockholders' deficit
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$
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273,472
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$
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284,691
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2 The management handling of the Fins shows strength in managing shareholder value.
The management is effectively turning the cash-flow into new producing wells as well as financing with some added outside equity both from there own cash as well as major holders in the company. It appears from the sec filings they have secured all financing for the main drilling season now and this is showing strength toward shareholder equity.
3 revenues increasing to further future growth
The revenues here are tied to both 23 active wells as well as the price of crude. Crude has increased this year and the number of producing wells on the three main sites also has increased. The combination of funding more new wells from existing revenues and the increase in wells with little outside financing will increase the revenues further generated off the turning of the cash-flow several times for more revenues. This is a solid business plan using cash-flow to increase revenues toward shareholder equity in the future. By also concentrating on active sites this helps lower costs and increase production on those three main sites decreasing costs and increasing shareholder equity
4 unique product or business plan that will continue growth
This company is in the business of oil wells and has 23 active wells and opening more this year now from the notes below. They appear to be funding all operations in combinations of Zannet, The directors own cash and some share sales as they increase the wells open now. This has increased production over last years quarter by 50% and these three sites are now adding more wells this summer. This will help to increase the revenues and funding for other new wells this year.
3.
OIL & GAS PROPERTIES
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March 31, 2012
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March 31, 2011
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Oil & Gas Properties - Unproved
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Panther Lease
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8,596
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8,596
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Byler Lease
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45,143
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45,143
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Mud Creek Lease
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20,000
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20,000
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