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Russian Oil & Gas: Investment and Opportunity Case Studies to Maximize Your Business Potential
TUESDAY, JANUARY 07, 2003 10:01 AM
- PR Newswire
NEW YORK, Jan 7, 2003 /PRNewswire via COMTEX/ -- Strategic Research Institute`s inaugural Russian Oil & Gas: Investment and Opportunity conference will be held February 4 & 5 in Houston, Texas. "With the currently known oil reserves dwindling and E&P costs rising, the current disruption of oil from South America and war in the Middle East looming a door has been opened for an era of Russian oil import to the U.S.," said Howard Cooper, President and CEO of Teton Petroleum (OTC Bulletin Board: TTPT) and Chairman of the conference "Strategic Research Institute`s Russian Oil & Gas conference will provide up-to-the-minute insights into the economics and opportunities that impact need of oil in the U.S."
The event will be highlighted by case studies from companies that have been successful in focusing on Russian Oil and Gas investment.
Some of the topics to be discussed in these case studies include:
* How Russia`s highly skilled labor force in combination with Western
engineering can help your company increase its Gross Daily Production
* How Russia`s undeveloped oil fields can help your company quickly
produce oil
* Russia`s recent oil and gas history and how that is the key to its
future
* What does the future hold for small and mid cap oil companies in Russia?
* The current status of development in Central Russian fields
* Why now is the right time to be investing in Russia
Companies that will be attending this timely conference will include AIG Global Energy, Solomon Associates, Squire, Sanders and Dempsey LLP, Teton Petroleum Harvest Natural Resource Inc., Smith Allen Oil & Gas Corporation, John S. Herold, Legacy International, U.S. Environmental Protection Agency, and Canbaikal Resources Inc.
If your company is involved in oil and gas and are currently or looking to invest in Russia, or if you are an energy investor or government organization, then this conference is for you. Register today to reserve your seat or exhibit booth at the industry`s premier summit.
To view the complete agenda and conference details or to register, please visit www.srinstitute.com/CR244 or call 1-888-666-8514. For further information, contact Aaron Benedict at abenedict@srinstitute.com or 1-800-599-4950, extension 228.
The Strategic Research Institute creates, produces, and manages conferences covering industry specific business-to-business topics. Over 100,000 senior executives have attended Strategic Research Institute conferences as delegates, speakers, sponsors, or exhibitors.
SOURCE Strategic Research Institute
Aaron Benedict of Strategic Research Institute,
abenedict@srinstitute.com, +1-800-599-4950, ext. 228
http://www.srinstitute.com
Copyright (C) 2003 PR Newswire. All rights reserved.
TUESDAY, JANUARY 07, 2003 10:01 AM
- PR Newswire
NEW YORK, Jan 7, 2003 /PRNewswire via COMTEX/ -- Strategic Research Institute`s inaugural Russian Oil & Gas: Investment and Opportunity conference will be held February 4 & 5 in Houston, Texas. "With the currently known oil reserves dwindling and E&P costs rising, the current disruption of oil from South America and war in the Middle East looming a door has been opened for an era of Russian oil import to the U.S.," said Howard Cooper, President and CEO of Teton Petroleum (OTC Bulletin Board: TTPT) and Chairman of the conference "Strategic Research Institute`s Russian Oil & Gas conference will provide up-to-the-minute insights into the economics and opportunities that impact need of oil in the U.S."
The event will be highlighted by case studies from companies that have been successful in focusing on Russian Oil and Gas investment.
Some of the topics to be discussed in these case studies include:
* How Russia`s highly skilled labor force in combination with Western
engineering can help your company increase its Gross Daily Production
* How Russia`s undeveloped oil fields can help your company quickly
produce oil
* Russia`s recent oil and gas history and how that is the key to its
future
* What does the future hold for small and mid cap oil companies in Russia?
* The current status of development in Central Russian fields
* Why now is the right time to be investing in Russia
Companies that will be attending this timely conference will include AIG Global Energy, Solomon Associates, Squire, Sanders and Dempsey LLP, Teton Petroleum Harvest Natural Resource Inc., Smith Allen Oil & Gas Corporation, John S. Herold, Legacy International, U.S. Environmental Protection Agency, and Canbaikal Resources Inc.
If your company is involved in oil and gas and are currently or looking to invest in Russia, or if you are an energy investor or government organization, then this conference is for you. Register today to reserve your seat or exhibit booth at the industry`s premier summit.
To view the complete agenda and conference details or to register, please visit www.srinstitute.com/CR244 or call 1-888-666-8514. For further information, contact Aaron Benedict at abenedict@srinstitute.com or 1-800-599-4950, extension 228.
The Strategic Research Institute creates, produces, and manages conferences covering industry specific business-to-business topics. Over 100,000 senior executives have attended Strategic Research Institute conferences as delegates, speakers, sponsors, or exhibitors.
SOURCE Strategic Research Institute
Aaron Benedict of Strategic Research Institute,
abenedict@srinstitute.com, +1-800-599-4950, ext. 228
http://www.srinstitute.com
Copyright (C) 2003 PR Newswire. All rights reserved.
gibts das auch in deutsch?
Nix geht??
Kastor
Kastor
jetzt kann der Zug losrollen
Teton Petroleum Applies for Listing on the American Stock Exchange and Daily Production Reaches 1,700 Net Barrels Per Day at Year End
Wednesday January 15, 12:39 pm ET
HOUSTON, Jan. 15 /PRNewswire-FirstCall/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) today announced that it has submitted an application to list its common stock on the American Stock Exchange (Amex). The application for listing was made on January 8, 2003. In addition, Teton has also filed a proxy statement with the Securities and Exchange Commission to effectuate a 1 for 10 reverse stock split in order to satisfy the minimum price per share listing requirement for Amex.
ADVERTISEMENT
"We currently believe that we meet all of Amex`s objective listing standards other than stock price. However, we intend to seek stockholder approval to implement a reverse stock split so as to comply with Amex`s minimum price per share requirement," stated H. Howard Cooper, President of Teton. "Neither Teton nor Amex can guarantee that we will be listed. However, with an Amex listing, Teton would have greater access to U.S. capital markets. This would increase our growth momentum for additional asset acquisitions and market expansion, as well as provide increased visibility and liquidity to investors."
Teton ended fiscal year 2002 with daily field production net to the company of 1,700 barrels of oil per day, a 150% increase over 2001`s year end daily field production. "Teton continues to focus on increasing its production base and operating performance in Russia," stated Igor Effimoff, Chief Operating Officer of Teton.
Current production and drilling programs forecast Teton to have revenue of more than $12 million in 2003. The increased revenues are a direct result of doubling the oil exported by Teton from Russia to Western Europe. On November 26, 2002, Teton signed an agreement with its Russian partner enabling Teton to export 70% of its net production to Germany, 20% to the Ukraine, with the remaining 10% sold domestically within Russia. Teton`s revenue in 2003 will dramatically increase since historically oil exported to Germany and the Ukraine has received a significant premium to the domestic oil.
Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
For further information, please contact public relations offices: USA, Greg Powell, General Manager, greg@ctapr.com, or Bevo Beaven, Vice President, both of CTA Public Relations, +1-303-665-4200; TORONTO, John Robinson of Current Capital, +1-416-860-0211, john@currentcapital.com; or MONTREAL, Sylvain Archambault of Renmark Financial, +1-514-939-3989, sarchambault@renmarkfinancial.com.
If you need to reach Teton Petroleum Company, please call Igor Effimoff, Chief Operating Officer in Houston at +1-832-242-3783, igormoff@aol.com, or H. Howard Cooper, President at 970-870-1417, hcooper@tetonpetroleum.com. www.tetonpetroleum.com
josé
Teton Petroleum Applies for Listing on the American Stock Exchange and Daily Production Reaches 1,700 Net Barrels Per Day at Year End
Wednesday January 15, 12:39 pm ET
HOUSTON, Jan. 15 /PRNewswire-FirstCall/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) today announced that it has submitted an application to list its common stock on the American Stock Exchange (Amex). The application for listing was made on January 8, 2003. In addition, Teton has also filed a proxy statement with the Securities and Exchange Commission to effectuate a 1 for 10 reverse stock split in order to satisfy the minimum price per share listing requirement for Amex.
ADVERTISEMENT
"We currently believe that we meet all of Amex`s objective listing standards other than stock price. However, we intend to seek stockholder approval to implement a reverse stock split so as to comply with Amex`s minimum price per share requirement," stated H. Howard Cooper, President of Teton. "Neither Teton nor Amex can guarantee that we will be listed. However, with an Amex listing, Teton would have greater access to U.S. capital markets. This would increase our growth momentum for additional asset acquisitions and market expansion, as well as provide increased visibility and liquidity to investors."
Teton ended fiscal year 2002 with daily field production net to the company of 1,700 barrels of oil per day, a 150% increase over 2001`s year end daily field production. "Teton continues to focus on increasing its production base and operating performance in Russia," stated Igor Effimoff, Chief Operating Officer of Teton.
Current production and drilling programs forecast Teton to have revenue of more than $12 million in 2003. The increased revenues are a direct result of doubling the oil exported by Teton from Russia to Western Europe. On November 26, 2002, Teton signed an agreement with its Russian partner enabling Teton to export 70% of its net production to Germany, 20% to the Ukraine, with the remaining 10% sold domestically within Russia. Teton`s revenue in 2003 will dramatically increase since historically oil exported to Germany and the Ukraine has received a significant premium to the domestic oil.
Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
For further information, please contact public relations offices: USA, Greg Powell, General Manager, greg@ctapr.com, or Bevo Beaven, Vice President, both of CTA Public Relations, +1-303-665-4200; TORONTO, John Robinson of Current Capital, +1-416-860-0211, john@currentcapital.com; or MONTREAL, Sylvain Archambault of Renmark Financial, +1-514-939-3989, sarchambault@renmarkfinancial.com.
If you need to reach Teton Petroleum Company, please call Igor Effimoff, Chief Operating Officer in Houston at +1-832-242-3783, igormoff@aol.com, or H. Howard Cooper, President at 970-870-1417, hcooper@tetonpetroleum.com. www.tetonpetroleum.com
josé
Jetzt gehts wirklich bald los!!!
Teton Petroleum Applies for Listing on the American Stock Exchange and Daily Production Reaches 1,700 Net Barrels Per Day at Year End
WEDNESDAY, JANUARY 15, 2003 12:39 PM
- PR Newswire
HOUSTON, Jan 15, 2003 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) today announced that it has submitted an application to list its common stock on the American Stock Exchange (Amex). The application for listing was made on January 8, 2003. In addition, Teton has also filed a proxy statement with the Securities and Exchange Commission to effectuate a 1 for 10 reverse stock split in order to satisfy the minimum price per share listing requirement for Amex.
"We currently believe that we meet all of Amex`s objective listing standards other than stock price. However, we intend to seek stockholder approval to implement a reverse stock split so as to comply with Amex`s minimum price per share requirement," stated H. Howard Cooper, President of Teton. "Neither Teton nor Amex can guarantee that we will be listed. However, with an Amex listing, Teton would have greater access to U.S. capital markets. This would increase our growth momentum for additional asset acquisitions and market expansion, as well as provide increased visibility and liquidity to investors."
Teton ended fiscal year 2002 with daily field production net to the company of 1,700 barrels of oil per day, a 150% increase over 2001`s year end daily field production. "Teton continues to focus on increasing its production base and operating performance in Russia," stated Igor Effimoff, Chief Operating Officer of Teton.
Current production and drilling programs forecast Teton to have revenue of more than $12 million in 2003. The increased revenues are a direct result of doubling the oil exported by Teton from Russia to Western Europe. On November 26, 2002, Teton signed an agreement with its Russian partner enabling Teton to export 70% of its net production to Germany, 20% to the Ukraine, with the remaining 10% sold domestically within Russia. Teton`s revenue in 2003 will dramatically increase since historically oil exported to Germany and the Ukraine has received a significant premium to the domestic oil.
Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
For further information, please contact public relations offices: USA, Greg Powell, General Manager, greg@ctapr.com, or Bevo Beaven, Vice President, both of CTA Public Relations, +1-303-665-4200; TORONTO, John Robinson of Current Capital, +1-416-860-0211, john@currentcapital.com; or MONTREAL, Sylvain Archambault of Renmark Financial, +1-514-939-3989, sarchambault@renmarkfinancial.com.
If you need to reach Teton Petroleum Company, please call Igor Effimoff, Chief Operating Officer in Houston at +1-832-242-3783, igormoff@aol.com, or H. Howard Cooper, President at 970-870-1417, hcooper@tetonpetroleum.com. www.tetonpetroleum.com
SOURCE Teton Petroleum Company
USA, Greg Powell, General Manager, greg@ctapr.com, or Bevo
Beaven, Vice President, both of CTA Public Relations, +1-303-665-4200, for
Teton; or Toronto, John Robinson of Current Capital, +1-416-860-0211,
john@currentcapital.com, for Teton; or Montreal, Sylvain Archambault of
Renmark Financial, +1-514-939-3989, sarchambault@renmarkfinancial.com, for
Teton; or Houston, Igor Effimoff, Chief Operating Officer, +1-832-242-3783,
igormoff@aol.com, or H. Howard Cooper, President, +1-970-870-1417,
hcooper@tetonpetroleum.com, both of Teton
Teton Petroleum Applies for Listing on the American Stock Exchange and Daily Production Reaches 1,700 Net Barrels Per Day at Year End
WEDNESDAY, JANUARY 15, 2003 12:39 PM
- PR Newswire
HOUSTON, Jan 15, 2003 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) today announced that it has submitted an application to list its common stock on the American Stock Exchange (Amex). The application for listing was made on January 8, 2003. In addition, Teton has also filed a proxy statement with the Securities and Exchange Commission to effectuate a 1 for 10 reverse stock split in order to satisfy the minimum price per share listing requirement for Amex.
"We currently believe that we meet all of Amex`s objective listing standards other than stock price. However, we intend to seek stockholder approval to implement a reverse stock split so as to comply with Amex`s minimum price per share requirement," stated H. Howard Cooper, President of Teton. "Neither Teton nor Amex can guarantee that we will be listed. However, with an Amex listing, Teton would have greater access to U.S. capital markets. This would increase our growth momentum for additional asset acquisitions and market expansion, as well as provide increased visibility and liquidity to investors."
Teton ended fiscal year 2002 with daily field production net to the company of 1,700 barrels of oil per day, a 150% increase over 2001`s year end daily field production. "Teton continues to focus on increasing its production base and operating performance in Russia," stated Igor Effimoff, Chief Operating Officer of Teton.
Current production and drilling programs forecast Teton to have revenue of more than $12 million in 2003. The increased revenues are a direct result of doubling the oil exported by Teton from Russia to Western Europe. On November 26, 2002, Teton signed an agreement with its Russian partner enabling Teton to export 70% of its net production to Germany, 20% to the Ukraine, with the remaining 10% sold domestically within Russia. Teton`s revenue in 2003 will dramatically increase since historically oil exported to Germany and the Ukraine has received a significant premium to the domestic oil.
Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
For further information, please contact public relations offices: USA, Greg Powell, General Manager, greg@ctapr.com, or Bevo Beaven, Vice President, both of CTA Public Relations, +1-303-665-4200; TORONTO, John Robinson of Current Capital, +1-416-860-0211, john@currentcapital.com; or MONTREAL, Sylvain Archambault of Renmark Financial, +1-514-939-3989, sarchambault@renmarkfinancial.com.
If you need to reach Teton Petroleum Company, please call Igor Effimoff, Chief Operating Officer in Houston at +1-832-242-3783, igormoff@aol.com, or H. Howard Cooper, President at 970-870-1417, hcooper@tetonpetroleum.com. www.tetonpetroleum.com
SOURCE Teton Petroleum Company
USA, Greg Powell, General Manager, greg@ctapr.com, or Bevo
Beaven, Vice President, both of CTA Public Relations, +1-303-665-4200, for
Teton; or Toronto, John Robinson of Current Capital, +1-416-860-0211,
john@currentcapital.com, for Teton; or Montreal, Sylvain Archambault of
Renmark Financial, +1-514-939-3989, sarchambault@renmarkfinancial.com, for
Teton; or Houston, Igor Effimoff, Chief Operating Officer, +1-832-242-3783,
igormoff@aol.com, or H. Howard Cooper, President, +1-970-870-1417,
hcooper@tetonpetroleum.com, both of Teton
In USA heute bei 0,38 $, ein Kurplus von 22% !!!
Super, wenn erst mal an der AMEX und nicht mehr
an der OTC-BB gehandelt würde !!!
Super, wenn erst mal an der AMEX und nicht mehr
an der OTC-BB gehandelt würde !!!
Aber Split 1:10 ?
Meine Stücke schrumpfen gut das hat mit den Kurs nix zu tun!
Aber statt 1000Stck 100! ist mickrig
Kastor
Meine Stücke schrumpfen gut das hat mit den Kurs nix zu tun!
Aber statt 1000Stck 100! ist mickrig
Kastor
Macht nix, ob mit 100 oder 1000 Stück, 1000% sind immer gut!!
Wieder gutes Rating, wann geht der Kurs endlich ab???
Teton Petroleum Company [OTCBB:TTPT]
Dutton & Associates Announces Investment Opinion: Teton Raised to Strong Speculative Buy Rating By Dutton & Associates
"February 18, 2003. Teton Petroleum (TTPT) is one of the more unique and exciting small cap companies. Based on greater production volumes, newly found enthusiasm for Russian oil investment by major oil companies, and higher world oil prices ($36.39 per barrel), we believe our 12-month price target of $0.74-0.80 per share for Teton shares is realistic if not conservative. We anticipate that our appraised value per share of Teton’s reserves will be significantly higher than the current $0.55 per barrel once engineering reports for 12-31-02 are available. Teton is the only publicly traded U.S. Company with all of its oil production coming from Russia, producing and exporting oil from Russia since 1997. If Russian oil were valued at Colombian or Venezuelan levels, our appraised value of Teton`s reserves would likely be in the $126 million range or $2.15 per share. There is expectation of an AMEX listing...
[Read Full Report]
Teton Petroleum Company [OTCBB:TTPT]
Dutton & Associates Announces Investment Opinion: Teton Raised to Strong Speculative Buy Rating By Dutton & Associates
"February 18, 2003. Teton Petroleum (TTPT) is one of the more unique and exciting small cap companies. Based on greater production volumes, newly found enthusiasm for Russian oil investment by major oil companies, and higher world oil prices ($36.39 per barrel), we believe our 12-month price target of $0.74-0.80 per share for Teton shares is realistic if not conservative. We anticipate that our appraised value per share of Teton’s reserves will be significantly higher than the current $0.55 per barrel once engineering reports for 12-31-02 are available. Teton is the only publicly traded U.S. Company with all of its oil production coming from Russia, producing and exporting oil from Russia since 1997. If Russian oil were valued at Colombian or Venezuelan levels, our appraised value of Teton`s reserves would likely be in the $126 million range or $2.15 per share. There is expectation of an AMEX listing...
[Read Full Report]
heute ging der Kurs doch schon mal ganz gut ab !!!
Hoffentlich gehts so weiter!! Hätte schon viel früher passieren müssen!! Falls sie nochmal fallen sammle ich mir noch ein paar stück ein bei 0.30!
Warum kommen keine News mehr???
Ich weis nicht soll man kaufen??
Die haben nen Splitt vor!
Meistens fallen gesplittete Aktien noch weiter runter!
Kastor
Die haben nen Splitt vor!
Meistens fallen gesplittete Aktien noch weiter runter!
Kastor
Aber wo soll sie noch hinfallen?? Ich denke das sie bei 0,30 Boden gebildet hat. Und falls der Krieg kommen sollte (wovon ich überzeugt bin) , sollte Teton davon auch profitieren.
war doch klar, oder ?
Wenn der Ölpreis steigt bleibt Teton einfach stehen, wenn er fällt schließt der Kurs sich an.
Ja, ja der Schnessturm. Mal sehen, was dabei rauskommt.
DENVER, March 18 /PRNewswire-FirstCall/ -- Teton Petroleum (OTC Bulletin Board: TTPT) announced today that it will hold its annual meeting of shareholders on March 19, 2003.
Due to the snowstorm conditions in Denver, the location of the meeting was moved from the Pinnacle Club to Hyatt Regency Hotel. The meeting will take place at 9:30 am at the Hyatt Regency Hotel, 1750 Welton Street, Far East Room, Denver, Colorado.
Teton further announced that it has retained the Maxim Group, LLC in New York City as its investment bankers. "We think this financial alliance is a further step for Teton to grow the company, take advantage of its position in the international oil arena, and to continue to focus on increasing shareholder value," said H. Howard Cooper, Teton`s Chairman.
Maxim Group, LLC is a full service investment-banking firm headquartered in New York. Maxim provides a full array of financial services including investment banking, retail brokerage, institutional fixed-income and option trading as well as research and global institutional sales. Current assets under management at Maxim are over $4 billion. Maxim`s investment banking group focuses on middle market and emerging growth companies within the energy, healthcare, technology, retail and business services sectors.
Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
cu
Wenn der Ölpreis steigt bleibt Teton einfach stehen, wenn er fällt schließt der Kurs sich an.
Ja, ja der Schnessturm. Mal sehen, was dabei rauskommt.
DENVER, March 18 /PRNewswire-FirstCall/ -- Teton Petroleum (OTC Bulletin Board: TTPT) announced today that it will hold its annual meeting of shareholders on March 19, 2003.
Due to the snowstorm conditions in Denver, the location of the meeting was moved from the Pinnacle Club to Hyatt Regency Hotel. The meeting will take place at 9:30 am at the Hyatt Regency Hotel, 1750 Welton Street, Far East Room, Denver, Colorado.
Teton further announced that it has retained the Maxim Group, LLC in New York City as its investment bankers. "We think this financial alliance is a further step for Teton to grow the company, take advantage of its position in the international oil arena, and to continue to focus on increasing shareholder value," said H. Howard Cooper, Teton`s Chairman.
Maxim Group, LLC is a full service investment-banking firm headquartered in New York. Maxim provides a full array of financial services including investment banking, retail brokerage, institutional fixed-income and option trading as well as research and global institutional sales. Current assets under management at Maxim are over $4 billion. Maxim`s investment banking group focuses on middle market and emerging growth companies within the energy, healthcare, technology, retail and business services sectors.
Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
cu
Mal sehn, neuer Partner,neues Glück?! Ich halte sie auf jeden Fall, vielleicht klappt die Aufnahme in den Amex, da wird sie dann stärker gehandelt.
Teton Petroleum Company Announces Record Production and Revenues for 2002 FREE CCNews Alerts
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TTPT News Release
DENVER, March 31, 2003 -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) today reported its financial and operational results for the year 2002. "Teton had a breakthrough year in 2002," said Howard Cooper, Chairman and CEO of Teton. "We achieved and surpassed all of our production and revenue goals for the company. We now have achieved the production rates that will allow us to focus on profitable growth in 2003."
When comparing year over year, the Company grew substantially in a number of major categories. Highlights for the year ended December 31, 2002 compared to December 31, 2001 include:
Annual production increased by 396 % from 94,879 barrels to 471,233 barrels net to Teton;
Daily production rate rose at year-end by 180% from 625 barrels per day to 1,750 barrels per day at year-end net to Teton;
Revenue grew by 326% from $1,625,352 to $6,923,320 net to Teton;
Operating expenses were controlled, primarily lifting costs and G&A at the operating company level, as they decreased by 44% from $4.37 per barrel to $2.35 per barrel;
Stronger capitalization was attained as additional capital totalling $7.5 million was raised to finance continued drilling, field infrastructure and corporate development;
A field electric co-generation plant to supply power for our fields was funded, which will provide substantial savings in operating expenses, having a positive impact on the 2003 results and beyond; and
The Company`s export quota was re-negotiated and increased with its Russian partner, from 45% to 90%, having an immediate positive impact on 2003 revenues.
The Company drilled and completed 6 oil wells in 2002 with its partner in Russia, yielding a 100% success rate. Teton and its partner now have a total of 13 producing wells in Western Siberia. "We don`t have to water flood a large portion of our three fields because recent data indicates that we are enjoying a very strong natural water drive, thereby reducing the future projected recovery costs substantially", said Igor Effimoff, Chief Operating Officer of Teton. "In addition, fewer wells would be required to be drilled, reducing future development costs. As a result, net development costs to Teton have been reduced from an estimated $91.2 million to $20.05 million over the next several years."
Teton is developing three oil fields in Western Siberia, with total proven reserves, probable reserves and possible reserves of 70 million barrels of oil at year end 2002 (39.6 million proven reserves, 26.4 million probable reserves, 4 million possible reserves) for the total Russian license, 35 million barrels of oil net to Teton. The reserve calculations are updated annually by an internationally recognized engineering firm, utilizing most
current year end well and seismic information.
For the full year 2002, the company reported a net loss of $11 million or $0.29 per share, compared to a net loss of $1.7 million or $0.06 per share in 2001. Excluding non-cash charges of $7.0 million, the net loss would have been $4.0 million or $0.11 per share. The full year loss in 2002 is attributed primarily to the deliberate high pace of capital spending to accelerate production quickly (should stabilize going forward), as well as corporate development.
Teton`s plans for 2003 call for drilling an additional 5 wells in the Goloil license, conducting seismic surveys and other technical studies and continues its efforts to reduce operating costs. The company is also in the process of evaluating Russian oil field acquisition targets to further optimize its Russian operations while maintaining its growth objectives.
In order to better capitalize the Company going forward and further attract institutional investment, the Company has filed a listing application with the American Stock Exchange and expects a listing this year.
Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia. Teton, through its subsidiary, is developing an oil and gas license in Western Siberia, which is located 10 miles north of the seventh largest oil field in the world, Samotlor oil field.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning "probable reserves" and "possible reserves" in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. United States investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC`s web site at www.sec.gov .
Jetzt gehts bald los!!!!
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TTPT News Release
DENVER, March 31, 2003 -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) today reported its financial and operational results for the year 2002. "Teton had a breakthrough year in 2002," said Howard Cooper, Chairman and CEO of Teton. "We achieved and surpassed all of our production and revenue goals for the company. We now have achieved the production rates that will allow us to focus on profitable growth in 2003."
When comparing year over year, the Company grew substantially in a number of major categories. Highlights for the year ended December 31, 2002 compared to December 31, 2001 include:
Annual production increased by 396 % from 94,879 barrels to 471,233 barrels net to Teton;
Daily production rate rose at year-end by 180% from 625 barrels per day to 1,750 barrels per day at year-end net to Teton;
Revenue grew by 326% from $1,625,352 to $6,923,320 net to Teton;
Operating expenses were controlled, primarily lifting costs and G&A at the operating company level, as they decreased by 44% from $4.37 per barrel to $2.35 per barrel;
Stronger capitalization was attained as additional capital totalling $7.5 million was raised to finance continued drilling, field infrastructure and corporate development;
A field electric co-generation plant to supply power for our fields was funded, which will provide substantial savings in operating expenses, having a positive impact on the 2003 results and beyond; and
The Company`s export quota was re-negotiated and increased with its Russian partner, from 45% to 90%, having an immediate positive impact on 2003 revenues.
The Company drilled and completed 6 oil wells in 2002 with its partner in Russia, yielding a 100% success rate. Teton and its partner now have a total of 13 producing wells in Western Siberia. "We don`t have to water flood a large portion of our three fields because recent data indicates that we are enjoying a very strong natural water drive, thereby reducing the future projected recovery costs substantially", said Igor Effimoff, Chief Operating Officer of Teton. "In addition, fewer wells would be required to be drilled, reducing future development costs. As a result, net development costs to Teton have been reduced from an estimated $91.2 million to $20.05 million over the next several years."
Teton is developing three oil fields in Western Siberia, with total proven reserves, probable reserves and possible reserves of 70 million barrels of oil at year end 2002 (39.6 million proven reserves, 26.4 million probable reserves, 4 million possible reserves) for the total Russian license, 35 million barrels of oil net to Teton. The reserve calculations are updated annually by an internationally recognized engineering firm, utilizing most
current year end well and seismic information.
For the full year 2002, the company reported a net loss of $11 million or $0.29 per share, compared to a net loss of $1.7 million or $0.06 per share in 2001. Excluding non-cash charges of $7.0 million, the net loss would have been $4.0 million or $0.11 per share. The full year loss in 2002 is attributed primarily to the deliberate high pace of capital spending to accelerate production quickly (should stabilize going forward), as well as corporate development.
Teton`s plans for 2003 call for drilling an additional 5 wells in the Goloil license, conducting seismic surveys and other technical studies and continues its efforts to reduce operating costs. The company is also in the process of evaluating Russian oil field acquisition targets to further optimize its Russian operations while maintaining its growth objectives.
In order to better capitalize the Company going forward and further attract institutional investment, the Company has filed a listing application with the American Stock Exchange and expects a listing this year.
Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia. Teton, through its subsidiary, is developing an oil and gas license in Western Siberia, which is located 10 miles north of the seventh largest oil field in the world, Samotlor oil field.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning "probable reserves" and "possible reserves" in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. United States investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC`s web site at www.sec.gov .
Jetzt gehts bald los!!!!
Was geht los??
und warum soll es los gehn?
Ich seh den Kurs in den Keller rauschen!
Kastor
und warum soll es los gehn?
Ich seh den Kurs in den Keller rauschen!
Kastor
Wieso denn so pesimistisch?? Bis jetzt kamen keine schlechten Meldungen, und wenn die aufnahmen in den Amex klar geht könnte es doch aufwärts gehen.
Warum meinst du das es runter geht? Weisst du mehr als ich?
Warum meinst du das es runter geht? Weisst du mehr als ich?
Hääähhhhhhh
Siehst du die roten Kurse nicht?
gestern minus 18% dann leicht erholt heut minus 6%
Und zu Listing da wird doch gesplittet oder?
Kastor
Siehst du die roten Kurse nicht?
gestern minus 18% dann leicht erholt heut minus 6%
Und zu Listing da wird doch gesplittet oder?
Kastor
@all
Wichtig ist folgendes:
Teton hat die Anzahl der Shares in 2002 massiv erhöht (fast verdreifacht!!!). Das ist schon katastrophal bei laufender Produktion... . kein Wunder, dass der Kurs nicht in die Gänge kommt.
Consolidated Statements of Changes in Stockholders` (Deficit) Equity
For the Years Ended December 31, 2002 and 2001
Foreign
Common Stock Additional Currency Total
-------------------------- Paid-in Translation Accumulated Stockholders`
Shares Amount Capital Adjustment Deficit Equity
----------- ------------ ------------ ------------ ------------ ------------
Balance - December 31, 2000 ................. 24,977,341 $ 24,977 $ 8,469,221 $ 955,314 $ (9,391,203) $ 58,309
Common stock issued for cash ................ 3,466,772 3,467 1,294,806 -- -- 1,298,273
Common stock and warrants issued for services 44,444 44 32,581 -- -- 32,625
Compensation for variable plan warrants ..... -- -- (30,000) -- -- (30,000)
Net loss .................................... -- -- -- -- (1,657,608) (1,657,608)
Foreign currency translation adjustment ..... -- -- -- (84,041) -- (84,041)
----------- ------------ ------------ ------------ ------------ ------------
Balance - December 31, 2001 ................. 28,488,557 28,488 9,766,608 871,273 (11,048,811) (382,442)
Common stock issued for cash ................ 14,684,845 14,685 3,318,775 -- -- 3,333,460
Common stock subscriptions paid in 2003 ..... 8,544,534 8,545 1,931,065 -- -- 1,939,610
Common stock and warrants issued for services 2,654,376 2,654 834,472 -- -- 837,126
Common stock issued for conversion of
convertible debentures ..................... 21,101,929 21,102 5,333,887 -- -- 5,354,989
Warrants issued and in-the-money conversion
feature on convertible debentures .......... -- -- 4,557,845 -- -- 4,557,845
Warrants issued with notes payable .......... -- -- 150,016 -- -- 150,016
Warrants issued in connection with extensions
on notes payable ........................... -- -- 203,362 -- -- 203,362
Net loss .................................... -- -- -- -- (10,973,923) (10,973,923)
Foreign currency translation adjustment ..... -- -- -- (140,773) -- (140,773)
----------- ------------ ------------ ------------ ------------ ------------
Balance - December 31, 2002 ................. 75,474,241 $ 75,474 $ 26,096,030 $ 730,500 $(22,022,734) $ 4,879,270
=========== ============ ============ ============ ============
Wichtig ist folgendes:
Teton hat die Anzahl der Shares in 2002 massiv erhöht (fast verdreifacht!!!). Das ist schon katastrophal bei laufender Produktion... . kein Wunder, dass der Kurs nicht in die Gänge kommt.
Consolidated Statements of Changes in Stockholders` (Deficit) Equity
For the Years Ended December 31, 2002 and 2001
Foreign
Common Stock Additional Currency Total
-------------------------- Paid-in Translation Accumulated Stockholders`
Shares Amount Capital Adjustment Deficit Equity
----------- ------------ ------------ ------------ ------------ ------------
Balance - December 31, 2000 ................. 24,977,341 $ 24,977 $ 8,469,221 $ 955,314 $ (9,391,203) $ 58,309
Common stock issued for cash ................ 3,466,772 3,467 1,294,806 -- -- 1,298,273
Common stock and warrants issued for services 44,444 44 32,581 -- -- 32,625
Compensation for variable plan warrants ..... -- -- (30,000) -- -- (30,000)
Net loss .................................... -- -- -- -- (1,657,608) (1,657,608)
Foreign currency translation adjustment ..... -- -- -- (84,041) -- (84,041)
----------- ------------ ------------ ------------ ------------ ------------
Balance - December 31, 2001 ................. 28,488,557 28,488 9,766,608 871,273 (11,048,811) (382,442)
Common stock issued for cash ................ 14,684,845 14,685 3,318,775 -- -- 3,333,460
Common stock subscriptions paid in 2003 ..... 8,544,534 8,545 1,931,065 -- -- 1,939,610
Common stock and warrants issued for services 2,654,376 2,654 834,472 -- -- 837,126
Common stock issued for conversion of
convertible debentures ..................... 21,101,929 21,102 5,333,887 -- -- 5,354,989
Warrants issued and in-the-money conversion
feature on convertible debentures .......... -- -- 4,557,845 -- -- 4,557,845
Warrants issued with notes payable .......... -- -- 150,016 -- -- 150,016
Warrants issued in connection with extensions
on notes payable ........................... -- -- 203,362 -- -- 203,362
Net loss .................................... -- -- -- -- (10,973,923) (10,973,923)
Foreign currency translation adjustment ..... -- -- -- (140,773) -- (140,773)
----------- ------------ ------------ ------------ ------------ ------------
Balance - December 31, 2002 ................. 75,474,241 $ 75,474 $ 26,096,030 $ 730,500 $(22,022,734) $ 4,879,270
=========== ============ ============ ============ ============
Oder anders ausgedrückt: Die Marktkapitalisierung steigt fast um das Dreifache, ohne dass Kursgewinne entstehen.
Heisst das nicht das der kurs irgendwann sich auch verdreifachen sollte?? Oder dritteln??
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.de
J.M. Dutton & Associates Twelve Month Target: $9.36
Teton Well Positioned In Russia Oil – Expect AMEX Listing
"Teton Petroleum (TTPE) operates in the Russian oil patch - the most topical and promising international oil venue in the world today. Teton is the only U.S.-based “pure play” on Russian oil. It has proved and probable reserves of 33.0 million barrels or about 4.9 barrels for every share. A $28.1 million market cap indicates a significant under valuation for Teton shares at $0.85 per barrel. Proved and probable reserves are generally worth about $2.00 a barrel in Russia, and Russian reserves at $2.00 are an enormous bargain given their size, infrastructure, stability and non-OPEC status. We affirm our enthusiasm for Teton Petroleum as a special situation small cap Russian oil idea and our Strong Speculative Buy rating. It completed a 1-12 reverse and an AMEX listing should be in the very near future....
more
Check out Teton Petroleum Company [AMEX: TTPE]
Teton Well Positioned In Russia Oil – Expect AMEX Listing
"Teton Petroleum (TTPE) operates in the Russian oil patch - the most topical and promising international oil venue in the world today. Teton is the only U.S.-based “pure play” on Russian oil. It has proved and probable reserves of 33.0 million barrels or about 4.9 barrels for every share. A $28.1 million market cap indicates a significant under valuation for Teton shares at $0.85 per barrel. Proved and probable reserves are generally worth about $2.00 a barrel in Russia, and Russian reserves at $2.00 are an enormous bargain given their size, infrastructure, stability and non-OPEC status. We affirm our enthusiasm for Teton Petroleum as a special situation small cap Russian oil idea and our Strong Speculative Buy rating. It completed a 1-12 reverse and an AMEX listing should be in the very near future....
more
Check out Teton Petroleum Company [AMEX: TTPE]
Der Handel an der Amex hat begonnen!!
Teton Petroleum (TPE) Begins Trading on AMEX May 6
DENVER -- Teton Petroleum, an independent oil and gas exploration company with principal operations in Russia, will begin trading on the American Stock Exchange tomorrow, May 6, under the ticker symbol TPE. LaBranche & Co., the AMEX`s largest specialist firm, will trade Teton stock, of which there are 6.7 million shares outstanding. On Monday, May 5, Teton stock closed on the OTC Bulletin Board market at $4.80 per share. On this basis, Teton`s market capitalization is $32 million.
"Teton is achieving an important milestone in its efforts to grow shareholder value," said Howard Cooper, Chairman. "Listing on the American Stock Exchange will provide increased trading liquidity and greater visibility for Teton as the only pure play Russian investment in the U.S., especially with institutional investors."
"We are pleased to welcome Teton Petroleum to the American Stock Exchange," said John McGonegal, vice president of the Amex Equities Group. "We plan on working with Teton`s senior management and providing them with the value-added services and resources a growing company needs to succeed in today`s market."
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is developing three oil fields in Western Siberia ten miles north of Samotlor, the 7th largest oil field in the world. The company has been producing and exporting oil out of Russia since 1998.
"The listing is also important since it provides a platform to realize future value as we pursue our aggressive growth and profitability goals. We made excellent progress in 2002, and we expect to see significant progress in 2003," Cooper said.
Cooper pointed to a number of recent achievements:
-- Annual production increased by 396% from 94,879 barrels to 471,233
barrels net to Teton;
-- Daily production rate rose by 180% during the year from 625 barrels
per day to 1,750 barrels per day net to Teton;
-- Revenue grew by 326% from $1,625,352 to $6,923,320 net to Teton;
-- Operating expenses were controlled, as they decreased by 44% from
$4.37 per barrel to $2.35 per barrel;
-- Stronger capitalization was attained as additional capital totaling
$7.5 million was raised to finance continued drilling, field
infrastructure and corporate development;
-- A field electric co-generation plant to supply power for oil fields
was funded, which will provide substantial savings in operating
expenses, having a positive impact on the 2003 results and beyond;
-- The company drilled and completed 6 oil wells in 2002 with its partner
in Russia, yielding a 100% success rate. Teton and its partner now
have a total of 13 producing wells in Western Siberia; and
-- The company`s export quota was re-negotiated and increased with its
Russian partner, from 45% to 90%, having an immediate positive impact
on 2003 revenues.
"This latter achievement is of particular importance since exported oil allows us to realize a significantly higher price per barrel," said Igor Effimoff, Teton`s Chief Operating Officer. "This improved pricing environment will be one of the factors contributing to Teton`s improved top-line growth and margin performance in 2003," Cooper said.
Mr. Cooper is scheduled to ring the opening bell for Amex trading on Wednesday, May 7.
This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
©2003 Current Capital. All right reserved.
Teton Petroleum (TPE) Begins Trading on AMEX May 6
DENVER -- Teton Petroleum, an independent oil and gas exploration company with principal operations in Russia, will begin trading on the American Stock Exchange tomorrow, May 6, under the ticker symbol TPE. LaBranche & Co., the AMEX`s largest specialist firm, will trade Teton stock, of which there are 6.7 million shares outstanding. On Monday, May 5, Teton stock closed on the OTC Bulletin Board market at $4.80 per share. On this basis, Teton`s market capitalization is $32 million.
"Teton is achieving an important milestone in its efforts to grow shareholder value," said Howard Cooper, Chairman. "Listing on the American Stock Exchange will provide increased trading liquidity and greater visibility for Teton as the only pure play Russian investment in the U.S., especially with institutional investors."
"We are pleased to welcome Teton Petroleum to the American Stock Exchange," said John McGonegal, vice president of the Amex Equities Group. "We plan on working with Teton`s senior management and providing them with the value-added services and resources a growing company needs to succeed in today`s market."
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is developing three oil fields in Western Siberia ten miles north of Samotlor, the 7th largest oil field in the world. The company has been producing and exporting oil out of Russia since 1998.
"The listing is also important since it provides a platform to realize future value as we pursue our aggressive growth and profitability goals. We made excellent progress in 2002, and we expect to see significant progress in 2003," Cooper said.
Cooper pointed to a number of recent achievements:
-- Annual production increased by 396% from 94,879 barrels to 471,233
barrels net to Teton;
-- Daily production rate rose by 180% during the year from 625 barrels
per day to 1,750 barrels per day net to Teton;
-- Revenue grew by 326% from $1,625,352 to $6,923,320 net to Teton;
-- Operating expenses were controlled, as they decreased by 44% from
$4.37 per barrel to $2.35 per barrel;
-- Stronger capitalization was attained as additional capital totaling
$7.5 million was raised to finance continued drilling, field
infrastructure and corporate development;
-- A field electric co-generation plant to supply power for oil fields
was funded, which will provide substantial savings in operating
expenses, having a positive impact on the 2003 results and beyond;
-- The company drilled and completed 6 oil wells in 2002 with its partner
in Russia, yielding a 100% success rate. Teton and its partner now
have a total of 13 producing wells in Western Siberia; and
-- The company`s export quota was re-negotiated and increased with its
Russian partner, from 45% to 90%, having an immediate positive impact
on 2003 revenues.
"This latter achievement is of particular importance since exported oil allows us to realize a significantly higher price per barrel," said Igor Effimoff, Teton`s Chief Operating Officer. "This improved pricing environment will be one of the factors contributing to Teton`s improved top-line growth and margin performance in 2003," Cooper said.
Mr. Cooper is scheduled to ring the opening bell for Amex trading on Wednesday, May 7.
This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
©2003 Current Capital. All right reserved.
Teton Petroleum [AMEX: TPE] Reports Record Revenue Growth
in Russia for the First Quarter of 2003
Teton Petroleum (AMEX: TPE), an independent oil and gas exploration and production company with principal operations in Russia, grew revenue in the first quarter of 2003 by 315% percent over that achieved in the prior year’s first quarter.
“Our effort to expand export sales from Russia was a key factor, along with a higher average price per barrel of oil, for the robust revenue growth for the quarter,” said Thomas Conroy, chief financial officer.
Conroy highlighted the following achievements in the first quarter:
-- Revenue rose to $3,408,718 from $821,000 in the first quarter of 2002, a 315% increase.
-- The net loss was $525,936, or ($0.08) cents per share, versus $633,812 or ($0.27) cents per share, in the first quarter of 2002, a 70% per share decrease.
-- The average realized price per barrel rose to $22.53 from $15.00 in the first quarter of 2002, a 50% increase.
-- Production net to Teton increased to 151,300 barrels from 54,675 barrels in the first quarter of 2002, a 176% increase.
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is developing three oil fields in Western Siberia ten miles north of Samotlor, the 7th largest field in the world and the largest oil field in Russia. The company has been producing and exporting oil out of Russia since 1998.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary’s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton’s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton’s management.
The United States Securities and Exchange Commission (“SEC”) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning “probable reserves” and “possible reserves” in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC’s web site at www.sec.gov.
Check out Teton Petroleum... [AMEX: TPE]
Teton Petroleum [AMEX: TPE] Triples Daily Production with
50% Acquisition Jointly Owned by BP/TNK
Denver, USA (May 28, 2003) Teton Petroleum (AMEX: TPE), an independent oil and gas company with principal operations in Russia, signed a purchase and sale agreement to acquire the Anderman/Smith Overseas, Inc. (Anderman) interests in the LLC Chernogorskoye located in Western Siberia. The Anderman interests comprise of 50% of the Joint Venture. The other partner in the Joint Venture is TNK Nizhnevartovsk, a wholly owned subsidiary of Sidanco, which, in turn, is jointly owned by British Petroleum and TNK Petroleum.
The LLC Chernogorskoye is a 50-50 Russian-American joint venture created to develop the Chernogorskoye oil field, a greenfield project located in the Tyumen Region of the Russian Federation. The joint venture currently produces an average of 8500 barrels of oil per day.
"This acquisition will more than triple our existing net daily production," said Howard Cooper, Teton chairman of the board. "In addition, the synergies created by proximity of the new field to our existing operations will enable us to realize significant cost savings in the region."
The Chernogorskoye oil field is located 5 miles northeast of the super giant Samotlor field, the largest oil field in Russia and the seventh largest oil field in the world. Teton`s other operating oil interest, its Goloil - Eguryak license, is approximately 15 miles west of the Chernogorskoye field.
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is currently developing three oil fields at its Goloil license in Western Siberia. The company has been producing and exporting oil out of Russia since 1998.
The purchase price and terms were not released by Teton, pending final due diligence. The agreement calls for a series of payments beginning in June 2003 and with final closing anticipated in Sep tember 2003. Additional details about the acquisition will be disclosed as they are finalized.
--------------------------------------
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning "probable reserves" and "possible reserves" in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC`s web site at www.sec.gov.
For information contact John Robinson, Current Capital Corp.,
1-877-859-5200
50% Acquisition Jointly Owned by BP/TNK
Denver, USA (May 28, 2003) Teton Petroleum (AMEX: TPE), an independent oil and gas company with principal operations in Russia, signed a purchase and sale agreement to acquire the Anderman/Smith Overseas, Inc. (Anderman) interests in the LLC Chernogorskoye located in Western Siberia. The Anderman interests comprise of 50% of the Joint Venture. The other partner in the Joint Venture is TNK Nizhnevartovsk, a wholly owned subsidiary of Sidanco, which, in turn, is jointly owned by British Petroleum and TNK Petroleum.
The LLC Chernogorskoye is a 50-50 Russian-American joint venture created to develop the Chernogorskoye oil field, a greenfield project located in the Tyumen Region of the Russian Federation. The joint venture currently produces an average of 8500 barrels of oil per day.
"This acquisition will more than triple our existing net daily production," said Howard Cooper, Teton chairman of the board. "In addition, the synergies created by proximity of the new field to our existing operations will enable us to realize significant cost savings in the region."
The Chernogorskoye oil field is located 5 miles northeast of the super giant Samotlor field, the largest oil field in Russia and the seventh largest oil field in the world. Teton`s other operating oil interest, its Goloil - Eguryak license, is approximately 15 miles west of the Chernogorskoye field.
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is currently developing three oil fields at its Goloil license in Western Siberia. The company has been producing and exporting oil out of Russia since 1998.
The purchase price and terms were not released by Teton, pending final due diligence. The agreement calls for a series of payments beginning in June 2003 and with final closing anticipated in Sep tember 2003. Additional details about the acquisition will be disclosed as they are finalized.
--------------------------------------
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning "probable reserves" and "possible reserves" in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC`s web site at www.sec.gov.
For information contact John Robinson, Current Capital Corp.,
1-877-859-5200
Der konstante Auf- und Ausbau der Company (zuletzt mit Amex, Erhöhung Produktion, etc.)lässt höhere Kursanstiege erwarten, sofern grössere Investoren, insbesondere europäische, aufmerksam werden und einsteigen. Ob es wohl Aktivitäten seitens Company dazu gibt? So mit Roadshow etc. bei Finanzdienstleistern und Anlegern. In der Aktie scheint Potential zu stecken.
Glaube, dass der Markt auf solche Erfolgsstories wie TPE wartet!
Glaube, dass der Markt auf solche Erfolgsstories wie TPE wartet!
Wooooooooww
Plötzlich Kurssprünge
Kastor
Plötzlich Kurssprünge
Kastor
Musste ja irgendwann kommen, hoffe dass es jetzt so weiterläuft! Vor 18€ verkauf ich nicht, lol
VORSICHT:
schaut euch erst einmal an welche mikrigen Reserven und Potentiale in diesem Projekt stecken !!!
José
schaut euch erst einmal an welche mikrigen Reserven und Potentiale in diesem Projekt stecken !!!
José
Das machen die mit der guten, agressiver PR wieder gut!
Hääääääääähh
Reserven hat Teton doch genügend soviel ich weis!
Kastor
Reserven hat Teton doch genügend soviel ich weis!
Kastor
Du meinst wohl den Chernog Kauf!
oder?
Und Chernog zu wenig Reserven hat!
Kastor
oder?
Und Chernog zu wenig Reserven hat!
Kastor
Hab Timeless damals bei 0,89 gekauft
verbilligt auf 0,19euro!
Ob ich die je wieder sehe??
Andererseits ging Timeless oft schnell durch die Decke!
Vieleicht kommt ja ein China Boom!
Kastor
verbilligt auf 0,19euro!
Ob ich die je wieder sehe??
Andererseits ging Timeless oft schnell durch die Decke!
Vieleicht kommt ja ein China Boom!
Kastor
Ziemlich ruhig geworden um Teton,
Denke das sind ideale Einstiegskurse, da der Wert sich in Ami-Land kaum verändert.
Denke das sind ideale Einstiegskurse, da der Wert sich in Ami-Land kaum verändert.
Die scheinen zu konsolidieren? Und bereiten die nächste Aktion für das Nach-Sommer-Rally vor.
Was soll diese 5,8 USD bedeuten (www.us-market.de)?
TPE - Teton Petroleum
--------------------------------------------------------------------------------
As of Wednesday, July 02, 2003 - 9:47:48 AM EST
--------------------------------------------------------------------------------
Last 5.8
Change +1.56
% Change +36.79%
Open 5.8
High 4.24
Low 4.23
Volume 3,200
Tick D
--------------------------------------------------------------------------------
Symbol
TPE - Teton Petroleum
--------------------------------------------------------------------------------
As of Wednesday, July 02, 2003 - 9:47:48 AM EST
--------------------------------------------------------------------------------
Last 5.8
Change +1.56
% Change +36.79%
Open 5.8
High 4.24
Low 4.23
Volume 3,200
Tick D
--------------------------------------------------------------------------------
Symbol
Das war wohl nur ein Ausrutscher. Der Handel ging im üblichen Rahmen.
ja, denke ich auch.
glaube fest an teton, zumal ich schon letztes jahr investiert war.
habe dann aber einen neukauf abgeschlossen.
der russische markt wird uns noch viel freude bereiten, zumal in dem riesigen land enorme bodenschätze liegen, leider hapert es an der erschließung und bewertung.
schade das ich unifid energy bei 4 verkauft habe, man sollte doch etwas länger denken.
glaube fest an teton, zumal ich schon letztes jahr investiert war.
habe dann aber einen neukauf abgeschlossen.
der russische markt wird uns noch viel freude bereiten, zumal in dem riesigen land enorme bodenschätze liegen, leider hapert es an der erschließung und bewertung.
schade das ich unifid energy bei 4 verkauft habe, man sollte doch etwas länger denken.
Teton betreibt eine expansive Unternehmenspolitik. Sobald die so stark erhöhte Produktion sich im 10Q nachweisen lässt, wird bestimmt eine grössere Beteiligung oder Übernahme angegangen. Dieser H.Cooper scheint ein ganz pfiffiges Kerlchen zu sein. Da liegen sicher noch einige Dollar mehr drin.
News from Reuters...
Teton sees big growth in small Russia oilfields
By Sujata Rao
LONDON, July 8 (Reuters) - Russia may be the latest play for international Big Oil but pint-sized Teton Petroleum says there is plenty of room for smaller companies like itself to grow business by developing lesser-known low-reserve fields.
Teton Chairman Howard Cooper said on Tuesday his U.S.-listed company, which recently tripled its reserves by buying a stake in its second Siberian oilfield, plans to continue building production with a view to later selling out to a major. "All the majors are going after the mega-fields with reserves of a billion barrels but our focus is the small 50 million to 100 million barrel oilfields," Cooper told Reuters.
"Independents played a big role in developing American oil reserves. They went into small oilfields that the majors could not do economically and that is what we aim to do," he said.
Cooper said his Denver-based company was acquiring renewable 25-year licences to such fields in Western Siberia, which had already been prospected in Soviet times but had never been developed.
"Russia is the only place in the world where you can buy reserves for under $1 a barrel. In Texas you pay $7 a barrel," he said. "Last year we had 100 percent drilling success as we bought into proven reserves so not to risk investors` money."
Teton`s net current reserves are about 33 million barrels and its production at 2,000 barrels per day (bpd) is paltry compared to over one million bpd for top Russian oil firms.
But Cooper said output could hit up to 100,000 bpd within three years, with reserves potentially rising to 300 million barrels, thanks to new fields Teton plans to acquire this year.
Teton has already this year bought a 50 percent stake in the 8,500 bpd Chernogorskoye field which it will operate together with a subsidiary of the BP/TNK-owned Sidanco.
"We are currently look ing at four to five oilfields, which we shall finance through a mix of equity and debt," Cooper said, adding that once the fields were developed, the aim was to sell the company to an oil major or independent.
Cooper said Teton`s advantage is that its operations are near fields developed by BP, Occidental and LUKOIL in Western Siberia.
"Oil companies, both majors and independents, are buying into Russia and investing a lot of money," he said. "So our strategy for the next 36 months is to have the fields acquired, increase production and when it makes sense, we shall merge or sell."
As an example, Cooper pointed to the U.S.-registered firm Khanty-Mansiisk Oil Company (KMOC) with 300 million barrels in reserves, which earlier this year was bought by Marathon Oil for $275 million in cash.
Teton, set up in 1997, saw revenues rise by over 300 percent in the first quarter of 2003, over the same period last year and Cooper said Teton would turn profitable by the end of this year.
First quarter revenues were $3.4 million, up from $821,000 in the same year-ago period, while net losses fell to eight cents a share from 27 cents a share in the first 2002 quarter.
Teton shares were trading at $4.22 on Tuesday, up two cents.
(Reporting by Sujata Rao, editing by Duncan Shiels)
If you would like to speak to one of our boys, give us a ring at
416-860-0211 or 1-877-859-5200.
Check out Teton Petroleum Company... [AMEX: TPE]
©2003 Current Capital. All right reserved.
Teton sees big growth in small Russia oilfields
By Sujata Rao
LONDON, July 8 (Reuters) - Russia may be the latest play for international Big Oil but pint-sized Teton Petroleum says there is plenty of room for smaller companies like itself to grow business by developing lesser-known low-reserve fields.
Teton Chairman Howard Cooper said on Tuesday his U.S.-listed company, which recently tripled its reserves by buying a stake in its second Siberian oilfield, plans to continue building production with a view to later selling out to a major. "All the majors are going after the mega-fields with reserves of a billion barrels but our focus is the small 50 million to 100 million barrel oilfields," Cooper told Reuters.
"Independents played a big role in developing American oil reserves. They went into small oilfields that the majors could not do economically and that is what we aim to do," he said.
Cooper said his Denver-based company was acquiring renewable 25-year licences to such fields in Western Siberia, which had already been prospected in Soviet times but had never been developed.
"Russia is the only place in the world where you can buy reserves for under $1 a barrel. In Texas you pay $7 a barrel," he said. "Last year we had 100 percent drilling success as we bought into proven reserves so not to risk investors` money."
Teton`s net current reserves are about 33 million barrels and its production at 2,000 barrels per day (bpd) is paltry compared to over one million bpd for top Russian oil firms.
But Cooper said output could hit up to 100,000 bpd within three years, with reserves potentially rising to 300 million barrels, thanks to new fields Teton plans to acquire this year.
Teton has already this year bought a 50 percent stake in the 8,500 bpd Chernogorskoye field which it will operate together with a subsidiary of the BP/TNK-owned Sidanco.
"We are currently look ing at four to five oilfields, which we shall finance through a mix of equity and debt," Cooper said, adding that once the fields were developed, the aim was to sell the company to an oil major or independent.
Cooper said Teton`s advantage is that its operations are near fields developed by BP, Occidental and LUKOIL in Western Siberia.
"Oil companies, both majors and independents, are buying into Russia and investing a lot of money," he said. "So our strategy for the next 36 months is to have the fields acquired, increase production and when it makes sense, we shall merge or sell."
As an example, Cooper pointed to the U.S.-registered firm Khanty-Mansiisk Oil Company (KMOC) with 300 million barrels in reserves, which earlier this year was bought by Marathon Oil for $275 million in cash.
Teton, set up in 1997, saw revenues rise by over 300 percent in the first quarter of 2003, over the same period last year and Cooper said Teton would turn profitable by the end of this year.
First quarter revenues were $3.4 million, up from $821,000 in the same year-ago period, while net losses fell to eight cents a share from 27 cents a share in the first 2002 quarter.
Teton shares were trading at $4.22 on Tuesday, up two cents.
(Reporting by Sujata Rao, editing by Duncan Shiels)
If you would like to speak to one of our boys, give us a ring at
416-860-0211 or 1-877-859-5200.
Check out Teton Petroleum Company... [AMEX: TPE]
©2003 Current Capital. All right reserved.
Na also, nächste Runde eingeläutet!
Hoffentlich! Jetzt müsste der Kurs mal wieder ein paar Prozent zulegen können.
Die paar Prozent sind da, jetzt warten wir auf die nächsten,
ziemlich ruhig geworden um teton,
aber die 4$ scheinen zu halten
ex kurs 0,33, sieht gar nicht so schlecht aus,
nur schade daß der $ so niederig steht.
aber die 4$ scheinen zu halten
ex kurs 0,33, sieht gar nicht so schlecht aus,
nur schade daß der $ so niederig steht.
Teton Petroleum [TPE: AMEX] Achieves Record Daily Production, Reports Mid-Year Operations Update
Teton Petroleum ("Teton") (TPE: AMEX), an independent oil and gas exploration and production company with principal operations in Russia, today provided a mid-year update of its production operations.
Igor Effimoff, Chief Operating Officer, highlighted the following operational achievements for the first half of 2003:
-- Gross oil production from the Goloil License is currently 7,400 bopd (1,850 bopd net to Teton), an increase of 8% from the 2002 year end gross production of 6,850 bopd.
-- Four of the seven development wells planned for 2003 in the Eguryak Field on the License have been drilled. Two are waiting on completion and two have already been put on stream. The 13 producing wells on the Eguryak Field yield 6,780 bopd.
-- The discovery well on Goleyva Field, located on the License, has been put on stream and is producing 265 bopd. Also, the second well on the South Eguryak Field has been returned to production. Production at South Eguryak is now 355 bopd.
-- The License now has 16 producing wells, an increase from the 12 wells at the end of 2002.
-- A state-of-the-art separation and oil processing facility was put into operation in the field during April, thus achieving substantial savings. Previously, another operator received a 10% fee for processing the oil.
-- A cogeneration plant, utilizing gas associated with our oil production, is anticipated to be in service in September 2003. The plant will provide heat and electricity necessary for field operations and will save about $325,000 per year in electrical generation costs. This will reduce the cost of generation from about $0.07/kV to less than $0.01/kV.
"Our 2003 drilling and capital program continues on track with our forecast," said Igor Effimoff, Teton COO. "To date, our development drilling program has maintained a 100% success rate. Our 16 producing wells average 460 bopd each on a field-wide basis."
The second h alf of 2003 calls for budgeted drilling of 3 additional wells and the commencement of a 3D seismic program to delineate potential productive areas on the southern portion of the Goloil License.
About Teton Petroleum Company:
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. Teton is presently developing three oil fields in Western Siberia ten miles north of Samotlor, the 7th largest field in the world and the largest oil field in Russia. Teton has been producing and exporting oil out of Russia since 1998.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning "probable reserves" and "possible reserves" in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC`s web site at www.sec.gov.
If you would like to speak to one of our boys, give us a ring at < BR>416-860-0211 or 1-877-859-5200.
Teton Petroleum ("Teton") (TPE: AMEX), an independent oil and gas exploration and production company with principal operations in Russia, today provided a mid-year update of its production operations.
Igor Effimoff, Chief Operating Officer, highlighted the following operational achievements for the first half of 2003:
-- Gross oil production from the Goloil License is currently 7,400 bopd (1,850 bopd net to Teton), an increase of 8% from the 2002 year end gross production of 6,850 bopd.
-- Four of the seven development wells planned for 2003 in the Eguryak Field on the License have been drilled. Two are waiting on completion and two have already been put on stream. The 13 producing wells on the Eguryak Field yield 6,780 bopd.
-- The discovery well on Goleyva Field, located on the License, has been put on stream and is producing 265 bopd. Also, the second well on the South Eguryak Field has been returned to production. Production at South Eguryak is now 355 bopd.
-- The License now has 16 producing wells, an increase from the 12 wells at the end of 2002.
-- A state-of-the-art separation and oil processing facility was put into operation in the field during April, thus achieving substantial savings. Previously, another operator received a 10% fee for processing the oil.
-- A cogeneration plant, utilizing gas associated with our oil production, is anticipated to be in service in September 2003. The plant will provide heat and electricity necessary for field operations and will save about $325,000 per year in electrical generation costs. This will reduce the cost of generation from about $0.07/kV to less than $0.01/kV.
"Our 2003 drilling and capital program continues on track with our forecast," said Igor Effimoff, Teton COO. "To date, our development drilling program has maintained a 100% success rate. Our 16 producing wells average 460 bopd each on a field-wide basis."
The second h alf of 2003 calls for budgeted drilling of 3 additional wells and the commencement of a 3D seismic program to delineate potential productive areas on the southern portion of the Goloil License.
About Teton Petroleum Company:
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. Teton is presently developing three oil fields in Western Siberia ten miles north of Samotlor, the 7th largest field in the world and the largest oil field in Russia. Teton has been producing and exporting oil out of Russia since 1998.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning "probable reserves" and "possible reserves" in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC`s web site at www.sec.gov.
If you would like to speak to one of our boys, give us a ring at < BR>416-860-0211 or 1-877-859-5200.
Mal wieder eine Strong Buy Empfehlung!
October 2 , 2003
J.M. Dutton Reiterates Teton Petroleum`s [AMEX: TPE] Strong Buy Rating with 12-Month Price Target of $8.75
"Rapid Growth Of Investment In Russian Oil Only One Of Many Benefits Flowing To TPE"
"One of the primary reasons for our positive views regarding Teton Petroleum is that investment in Russian oil keeps growing, and much of the new investment comes from some of the largest energy companies. Investment from the likes of B-P, Exxon Mobil and Occidental Pete benefits a small company such as Teton in four ways... more.
Check out Teton Petroleum... [AMEX: TPE]
For more information:
John Robinson or Robert Kennedy, Current Capital Corp., 416-860-0211 or 877-859-5200
If you would like to speak to one of our team members, give us a ring at
416-860-0211 or 1-877-859-5200.
October 2 , 2003
J.M. Dutton Reiterates Teton Petroleum`s [AMEX: TPE] Strong Buy Rating with 12-Month Price Target of $8.75
"Rapid Growth Of Investment In Russian Oil Only One Of Many Benefits Flowing To TPE"
"One of the primary reasons for our positive views regarding Teton Petroleum is that investment in Russian oil keeps growing, and much of the new investment comes from some of the largest energy companies. Investment from the likes of B-P, Exxon Mobil and Occidental Pete benefits a small company such as Teton in four ways... more.
Check out Teton Petroleum... [AMEX: TPE]
For more information:
John Robinson or Robert Kennedy, Current Capital Corp., 416-860-0211 or 877-859-5200
If you would like to speak to one of our team members, give us a ring at
416-860-0211 or 1-877-859-5200.
Ist ja gut im Rennen momentan
blos wird wieder jeder Penny Anstieg abgezockt??
Kastor
blos wird wieder jeder Penny Anstieg abgezockt??
Kastor
Hoffentlich gehts so weiter! Bin im Moment allerdings Hauptsächlich in 3U investiert!! Spätestens nächsten Monat kommt der nächste Zwischenspurt.
Seh ich auch so!
Könnte ein schöner Herbst werden.
Könnte ein schöner Herbst werden.
Wird bestimmt ein erfolgreicher Herbst, wenn nicht wieder grade was schlimmes passiert z.B dass die Eskimos aussterben , oder die Amis .
Teton Petroleum plans to expand its activity in Russia, particularly by buying undervalued explored oil fields, company CEO Howard Cooper told journalists on Wednesday.
"We would like to concentrate our efforts in Komi republic and buy small oil fields in areas with developed infrastructure,` he said.
Cooper said that Teton Petroleum is considering about 10 new projects in Russia. In particular, the company is considering acquiring small fields from Lukoil, Yukos and BP.
He also said that the company`s development strategy involves increasing production to 100,000 barrels per day.
The company said that in 2002 it produced 500,000 tonnes of oil in Russia and plans to produce about 800,000 tonnes in 2003. Company revenue in 2002 amounted to $6.5 million, and is expected to reach $13 million- $14 million in 2003.
Teton currently owns 35% of shares in Russia`s Goloil through its subsidiary Goltech LLC and is developing three fields in the Yeguryakhsky license zone in Khanty-Mansii autonomous district, with reserves of 9 million tonnes of oil.
Russneft is another shareholder in Goloil, with 65%. Under an agreement between the shareholders, Teton and Russneft invest equally in Goloil.
Cooper said that total Teton investment in Russia since the company was set up amounts to about $20 million.
In addition to its participation in Goloil, Teton is participating in the joint venture Chernogorskoye, jointly with TNK-Nizhnevartovsk. Teton Petroleum plans to expand its activity in Russia, particularly by buying undervalued explored oil fields, company CEO Howard Cooper told journalists on Wednesday.
"We would like to concentrate our efforts in Komi republic and buy small oil fields in areas with developed infrastructure,` he said.
Cooper said that Teton Petroleum is considering about 10 new projects in Russia. In particular, the company is considering acquiring small fields from Lukoil, Yukos and BP.
He also said that the company`s development strategy involves increasing production to 100,000 barrels per day.
The company said that in 2002 it produced 500,000 tonnes of oil in Russia and plans to produce about 800,000 tonnes in 2003. Company revenue in 2002 amounted to $6.5 million, and is expected to reach $13 million- $14 million in 2003.
Teton currently owns 35% of shares in Russia`s Goloil through its subsidiary Goltech LLC and is developing three fields in the Yeguryakhsky license zone in Khanty-Mansii autonomous district, with reserves of 9 million tonnes of oil.
Russneft is another shareholder in Goloil, with 65%. Under an agreement between the shareholders, Teton and Russneft invest equally in Goloil.
Cooper said that total Teton investment in Russia since the company was set up amounts to about $20 million.
In addition to its participation in Goloil, Teton is participating in the joint venture Chernogorskoye, jointly with TNK-Nizhnevartovsk. Teton Petroleum plans to expand its activity in Russia, particularly by buying undervalued explored oil fields, company CEO Howard Cooper told journalists on Wednesday.
"We would like to concentrate our efforts in Komi republic and buy small oil fields in areas with developed infrastructure,` he said.
Cooper said that Teton Petroleum is considering about 10 new projects in Russia. In particular, the company is considering acquiring small fields from Lukoil, Yukos and BP.
He also said that the company`s development strategy involves increasing production to 100,000 barrels per day.
The company said that in 2002 it produced 500,000 tonnes of oil in Russia and plans to produce about 800,000 tonnes in 2003. Company revenue in 2002 amounted to $6.5 million, and is expected to reach $13 million- $14 million in 2003.
Teton currently owns 35% of shares in Russia`s Goloil through its subsidiary Goltech LLC and is developing three fields in the Yeguryakhsky license zone in Khanty-Mansii autonomous district, with reserves of 9 million tonnes of oil.
Russneft is another shareholder in Goloil, with 65%. Under an agreement between the shareholders, Teton and Russneft invest equally in Goloil.
Cooper said that total Teton investment in Russia since the company was set up amounts to about $20 million.
In addition to its participation in Goloil, Teton is participating in the joint venture Chernogorskoye, jointly with TNK-Nizhnevartovsk
"We would like to concentrate our efforts in Komi republic and buy small oil fields in areas with developed infrastructure,` he said.
Cooper said that Teton Petroleum is considering about 10 new projects in Russia. In particular, the company is considering acquiring small fields from Lukoil, Yukos and BP.
He also said that the company`s development strategy involves increasing production to 100,000 barrels per day.
The company said that in 2002 it produced 500,000 tonnes of oil in Russia and plans to produce about 800,000 tonnes in 2003. Company revenue in 2002 amounted to $6.5 million, and is expected to reach $13 million- $14 million in 2003.
Teton currently owns 35% of shares in Russia`s Goloil through its subsidiary Goltech LLC and is developing three fields in the Yeguryakhsky license zone in Khanty-Mansii autonomous district, with reserves of 9 million tonnes of oil.
Russneft is another shareholder in Goloil, with 65%. Under an agreement between the shareholders, Teton and Russneft invest equally in Goloil.
Cooper said that total Teton investment in Russia since the company was set up amounts to about $20 million.
In addition to its participation in Goloil, Teton is participating in the joint venture Chernogorskoye, jointly with TNK-Nizhnevartovsk. Teton Petroleum plans to expand its activity in Russia, particularly by buying undervalued explored oil fields, company CEO Howard Cooper told journalists on Wednesday.
"We would like to concentrate our efforts in Komi republic and buy small oil fields in areas with developed infrastructure,` he said.
Cooper said that Teton Petroleum is considering about 10 new projects in Russia. In particular, the company is considering acquiring small fields from Lukoil, Yukos and BP.
He also said that the company`s development strategy involves increasing production to 100,000 barrels per day.
The company said that in 2002 it produced 500,000 tonnes of oil in Russia and plans to produce about 800,000 tonnes in 2003. Company revenue in 2002 amounted to $6.5 million, and is expected to reach $13 million- $14 million in 2003.
Teton currently owns 35% of shares in Russia`s Goloil through its subsidiary Goltech LLC and is developing three fields in the Yeguryakhsky license zone in Khanty-Mansii autonomous district, with reserves of 9 million tonnes of oil.
Russneft is another shareholder in Goloil, with 65%. Under an agreement between the shareholders, Teton and Russneft invest equally in Goloil.
Cooper said that total Teton investment in Russia since the company was set up amounts to about $20 million.
In addition to its participation in Goloil, Teton is participating in the joint venture Chernogorskoye, jointly with TNK-Nizhnevartovsk. Teton Petroleum plans to expand its activity in Russia, particularly by buying undervalued explored oil fields, company CEO Howard Cooper told journalists on Wednesday.
"We would like to concentrate our efforts in Komi republic and buy small oil fields in areas with developed infrastructure,` he said.
Cooper said that Teton Petroleum is considering about 10 new projects in Russia. In particular, the company is considering acquiring small fields from Lukoil, Yukos and BP.
He also said that the company`s development strategy involves increasing production to 100,000 barrels per day.
The company said that in 2002 it produced 500,000 tonnes of oil in Russia and plans to produce about 800,000 tonnes in 2003. Company revenue in 2002 amounted to $6.5 million, and is expected to reach $13 million- $14 million in 2003.
Teton currently owns 35% of shares in Russia`s Goloil through its subsidiary Goltech LLC and is developing three fields in the Yeguryakhsky license zone in Khanty-Mansii autonomous district, with reserves of 9 million tonnes of oil.
Russneft is another shareholder in Goloil, with 65%. Under an agreement between the shareholders, Teton and Russneft invest equally in Goloil.
Cooper said that total Teton investment in Russia since the company was set up amounts to about $20 million.
In addition to its participation in Goloil, Teton is participating in the joint venture Chernogorskoye, jointly with TNK-Nizhnevartovsk
Und langsam wird wieder alles abgezockt!
Wann wird diese Zockerei an den Märkten mal vorbei sein!
Kastor
Wann wird diese Zockerei an den Märkten mal vorbei sein!
Kastor
Hallo,
scheint so als ob man in amiland short geht, außerdem sind da doch einige warrants für 4,2 $ im Spiel, das Yahoo board gibt da sicher mehr Aufschluß drüber, bin auf alle Fälle heute raus, denke bei 3,5 kann man noch mal einsteigen.
scheint so als ob man in amiland short geht, außerdem sind da doch einige warrants für 4,2 $ im Spiel, das Yahoo board gibt da sicher mehr Aufschluß drüber, bin auf alle Fälle heute raus, denke bei 3,5 kann man noch mal einsteigen.
Bin letzte Woche raus.Ich bin der Meinung es gibt Besseres.
Sogar der neue Focus bringt null Umsatz......
Sogar der neue Focus bringt null Umsatz......
P.S.Übrigens Seite 220..
..hier ist eine brandaktuelle Studie zu Teton - wen e also interessiert....
Art
bitte eingeben - läßt sich nicht verlinken
http://www.smallcapcenter.com/news/newsCreate/analyst/paar/T…
Art
bitte eingeben - läßt sich nicht verlinken
http://www.smallcapcenter.com/news/newsCreate/analyst/paar/T…
Hi Leute, gute Zahlen!!
Teton Petroleum Company [AMEX: TPE] Releases Third Quarter Results
Teton Petroleum Company (“Teton”) [AMEX: TPE], an independent oil and gas exploration and production company that operates in Russia, is pleased to announce its financial results for the quarter ended September 30, 2003. Revenue for the three-month period ending September 30, 2003 was $2.7 million, a 23% increase over the $2.2 million reported in the corresponding period in 2002. For the nine months ended September 30, 2003, revenue was $9.1 million compared to $4.3 million for the prior year, an increase of 111%.
John Mahar, CFO, commented, "We continue to be pleased with our production and revenue trends. We achieved record sales of 165,111 barrels, while our revenue for the first nine months this year exceeded our revenue for all of 2002 by 32%."
Mahar highlighted the following achievements in the third quarter:
-- Revenue rose to $2,718,066 from $2,204,613 in the third quarter of
2002, a 23% increase.
-- The net loss narrowed to $1,477,534, or ($0.22) per share, from
$2,216,169 or ($0.78) per share, in the third quarter of 2002, a
33% percent decrease.
-- Sales of oil net to Teton increased to 165,111 barrels from
137,500 barrels in the third quarter of 2002, a 20% increase.
For the first nine months of 2003:
-- Revenue rose to $9,105,338 from $4,305,274 for the 9 month of 2002, a
111% increase. Total revenue for all of 2002 was $6,923,320.
-- Teton`s net loss was $3,140,679, or ($0.48) per share, versus
$7,927,782 or ($3.17) per share, in the nine months of 2002, a
60% decrease.
-- Sales of oil net to Teton increased to 480,688 barrels from
290,725 barrels in the first nine months of 2002, a 165% increase.
Teton ended the third quarter with approximately $2 million in cash. In addition, the series A convertible preferred share offering, which closed in the fourth quarter, raised Teton approximately $9.8 million. "The Company is in the strongest financial position in its six-year history and in its best position ever to take advantage of the acquisition opportunities it sees in the Russian oil industry," stated Karl F. Arleth, President and CEO.
About Teton Petroleum Company:
DDenver-based Teton Petroleum Company (Amex: TPE - News) is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is currently developing three oil fields at its Goloil license in Western Siberia. The company has been producing and exporting oil out of Russia since 1998.
This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary’s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton’s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton’s management.
Check out Teton Petroleum... [AMEX: TPE]
For more information:
John Robinson or Robert Kennedy, Current Capital Corp., 416-860-0211 or 877-859-5200 www.currentcapital.com
If you would like to speak to one of our team members, give us a ring at
416-860-0211 or 1-877-859-5200.
Teton Petroleum Company [AMEX: TPE] Releases Third Quarter Results
Teton Petroleum Company (“Teton”) [AMEX: TPE], an independent oil and gas exploration and production company that operates in Russia, is pleased to announce its financial results for the quarter ended September 30, 2003. Revenue for the three-month period ending September 30, 2003 was $2.7 million, a 23% increase over the $2.2 million reported in the corresponding period in 2002. For the nine months ended September 30, 2003, revenue was $9.1 million compared to $4.3 million for the prior year, an increase of 111%.
John Mahar, CFO, commented, "We continue to be pleased with our production and revenue trends. We achieved record sales of 165,111 barrels, while our revenue for the first nine months this year exceeded our revenue for all of 2002 by 32%."
Mahar highlighted the following achievements in the third quarter:
-- Revenue rose to $2,718,066 from $2,204,613 in the third quarter of
2002, a 23% increase.
-- The net loss narrowed to $1,477,534, or ($0.22) per share, from
$2,216,169 or ($0.78) per share, in the third quarter of 2002, a
33% percent decrease.
-- Sales of oil net to Teton increased to 165,111 barrels from
137,500 barrels in the third quarter of 2002, a 20% increase.
For the first nine months of 2003:
-- Revenue rose to $9,105,338 from $4,305,274 for the 9 month of 2002, a
111% increase. Total revenue for all of 2002 was $6,923,320.
-- Teton`s net loss was $3,140,679, or ($0.48) per share, versus
$7,927,782 or ($3.17) per share, in the nine months of 2002, a
60% decrease.
-- Sales of oil net to Teton increased to 480,688 barrels from
290,725 barrels in the first nine months of 2002, a 165% increase.
Teton ended the third quarter with approximately $2 million in cash. In addition, the series A convertible preferred share offering, which closed in the fourth quarter, raised Teton approximately $9.8 million. "The Company is in the strongest financial position in its six-year history and in its best position ever to take advantage of the acquisition opportunities it sees in the Russian oil industry," stated Karl F. Arleth, President and CEO.
About Teton Petroleum Company:
DDenver-based Teton Petroleum Company (Amex: TPE - News) is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is currently developing three oil fields at its Goloil license in Western Siberia. The company has been producing and exporting oil out of Russia since 1998.
This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary’s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton’s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton’s management.
Check out Teton Petroleum... [AMEX: TPE]
For more information:
John Robinson or Robert Kennedy, Current Capital Corp., 416-860-0211 or 877-859-5200 www.currentcapital.com
If you would like to speak to one of our team members, give us a ring at
416-860-0211 or 1-877-859-5200.
Also folgendes:
1. Emfehlung in Focus- null Umsatz
2. Empfehlung unter finannachrichten- null Umsatz
Was sagt uns das: PR -Abteilung schläft nicht; aber
niemand geht in einen so kleinen Wert...
1. Emfehlung in Focus- null Umsatz
2. Empfehlung unter finannachrichten- null Umsatz
Was sagt uns das: PR -Abteilung schläft nicht; aber
niemand geht in einen so kleinen Wert...
Warum stürzen die heut so ab?
Kastor
Kastor
Hallo,
na wie ich gesagt hatte, Teton gibts noch mal für 3,5 €,
sogar noch etwas weniger.
Ich würde mal den Kurs vor dem Split zu grunde legen, da kann man so einiges ableiten.
na wie ich gesagt hatte, Teton gibts noch mal für 3,5 €,
sogar noch etwas weniger.
Ich würde mal den Kurs vor dem Split zu grunde legen, da kann man so einiges ableiten.
@all
Hat jemand neue Info? Wie seht ihr das 2004 für Teton?
Häppy new year an alle!
Hat jemand neue Info? Wie seht ihr das 2004 für Teton?
Häppy new year an alle!
@OstStratege
Hauptziel : ... ????
Anlaß : Neujahreswünsche
Echt strategisches Business-Verhalten !
Aber etwas peinlich...
myB
Hauptziel : ... ????
Anlaß : Neujahreswünsche
Echt strategisches Business-Verhalten !
Aber etwas peinlich...
myB
Hi Leute,
2004 wird bestimmt bergauf gehen.
New Research Report on Teton Petroleum Company [AMEX: TPE] Says Teton Can Hold The Course On Its Ambitious Plan
Teton Petroleum Company [AMEX: TPE] is the only US-listed oil and gas exploration and production company with all of its operations in Russia. VSA Resources` research report has this to say about the company and its future:
"At the time of writing (i.e. pre-acquisition), Teton`s 35m barrels of 3P reserves are implicitly valued in the market at US$1.22 per barrel in the ground. This is within the range established by corporate deals involving far larger companies from BP downwards and can be considered neither particular cheap nor outrageously expensive by those yardsticks. There are other companies, operating in Russia but based in Europe and Canada, where a similar valuation of their reserves would cause a sharp share-price rise. The difference is that Teton is established, is breaking through into profitability and is on the cusp of explosive expansion. Of all producing oil nations in the world, Russia responds best to economies of scale.
The near-term outlook for the company looks bright indeed.
"Teton has a declared exit strategy for its shareholders; it intends, through suitable acquisitions and continued development projects, to increase its
net production to 100,000 b/d within a 4-5 year timeframe and then seek an appropriate merger or takeover agreement, subject of course to market conditions at the time. Given its track record and the proven abilities of its management, there is every reason to believe that this is a realistic ambition"...[more from the latest research report on Teton]
Check out Teton Petroleum.... [AMEX: TPE]
For more information, please contact:
John Robinson or Robert Kennedy, Current Capital Corp., 416-860-0211 or 1-877-859-5200, www.currentcapital.com.
If you would like to speak to one of our team members, give us a ring at
416-860-0211 or 1-877-859-5200.
2004 wird bestimmt bergauf gehen.
New Research Report on Teton Petroleum Company [AMEX: TPE] Says Teton Can Hold The Course On Its Ambitious Plan
Teton Petroleum Company [AMEX: TPE] is the only US-listed oil and gas exploration and production company with all of its operations in Russia. VSA Resources` research report has this to say about the company and its future:
"At the time of writing (i.e. pre-acquisition), Teton`s 35m barrels of 3P reserves are implicitly valued in the market at US$1.22 per barrel in the ground. This is within the range established by corporate deals involving far larger companies from BP downwards and can be considered neither particular cheap nor outrageously expensive by those yardsticks. There are other companies, operating in Russia but based in Europe and Canada, where a similar valuation of their reserves would cause a sharp share-price rise. The difference is that Teton is established, is breaking through into profitability and is on the cusp of explosive expansion. Of all producing oil nations in the world, Russia responds best to economies of scale.
The near-term outlook for the company looks bright indeed.
"Teton has a declared exit strategy for its shareholders; it intends, through suitable acquisitions and continued development projects, to increase its
net production to 100,000 b/d within a 4-5 year timeframe and then seek an appropriate merger or takeover agreement, subject of course to market conditions at the time. Given its track record and the proven abilities of its management, there is every reason to believe that this is a realistic ambition"...[more from the latest research report on Teton]
Check out Teton Petroleum.... [AMEX: TPE]
For more information, please contact:
John Robinson or Robert Kennedy, Current Capital Corp., 416-860-0211 or 1-877-859-5200, www.currentcapital.com.
If you would like to speak to one of our team members, give us a ring at
416-860-0211 or 1-877-859-5200.
Das ist eigentlich eine Unveschämtheit.Oder ist Ron Sommer
in der PR-Abteilung??:
net production to 100,000 b/d within a 4-5 year timeframe
Eine Frechheit; die verkaufen die Aktionäre für blöd!
in der PR-Abteilung??:
net production to 100,000 b/d within a 4-5 year timeframe
Eine Frechheit; die verkaufen die Aktionäre für blöd!
3,10-3,3 wie tief noch?
kaufen???
Kastor
kaufen???
Kastor
Kastor , es gibt auch gute-sprich serioese-Aktien in diesem
Explorationsbereich!
Explorationsbereich!
Teton Petroleum Opens Moscow Office
3/3/2004 8:00:00 AM
DENVER, Mar 3, 2004 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company ("Teton") (TPE) , an independent oil and gas exploration and production company active in Russia, today announced that it has opened an independent representative office in Moscow. The new office will coordinate Teton`s operating and financial activities in Russia and will facilitate the Company`s initiative to acquire proven oil fields in the region.
CBS MARKETWATCH TOP NEWS
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Interbrew, LVMH lower as European stocks drift
Interbrew set to control AmBev in $11 bln swap deal
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Tuesday primary results super for Kerry
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H. Howard Cooper, Chairman and Founder of Teton Petroleum, stated, "The opening of our Moscow office is an important step forward as it will facilitate Teton`s strategic goal to increase reserves and production. This new Moscow base will put us close to the growing deal flow for attractive Russian oil properties. Together, our experienced management team, strong balance sheet, and local independent office give us a strong foundation for moving forward with our growth strategy."
Teton also announced an acceptance to chair Strategic Research Institute`s Russian Oil & Gas Investment and Opportunity conference for the second year in a row. Teton President and CEO Karl Arleth will lead the overview discussions on the Russian oil & gas industry with several other industry leaders at the SRI conference, which will be held at the JW Marriott in Houston, TX on March 29-30, 2004.
Concurrently, Chairman and Founder H. Howard Cooper will attend the Howard Weil 32nd Annual Energy Conference in New Orleans, LA on March 28-April 1, 2004. Mr. Cooper will host a breakfast table at the conference on Tuesday, March 30 at 7:00AM.
About Teton Petroleum:
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia, where it has been producing and exporting oil in Russia since 1998. Teton is currently developing three oil fields in Western Siberia, located ten miles north of Samotlor, the largest oil field in Russia and seventh largest oil field in the world. Teton has positioned itself to grow rapidly by acquiring and developing oil fields in Western Siberia, where geologic risks are low, acquisition costs are currently favorable and the long-term outlook is excellent.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning "probable reserves" and "possible reserves" in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC`s web site at www.sec.gov.
For more information, contact:
Gillian Kane, VP, Investor Relations
Teton Petroleum Company
Phone: (970) 870-1417
gillian@tetonpetroleum.com
SOURCE Teton Petroleum Company
3/3/2004 8:00:00 AM
DENVER, Mar 3, 2004 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company ("Teton") (TPE) , an independent oil and gas exploration and production company active in Russia, today announced that it has opened an independent representative office in Moscow. The new office will coordinate Teton`s operating and financial activities in Russia and will facilitate the Company`s initiative to acquire proven oil fields in the region.
CBS MARKETWATCH TOP NEWS
U.S. futures edge lower, Altera upgrade in pre-open
Interbrew, LVMH lower as European stocks drift
Interbrew set to control AmBev in $11 bln swap deal
Tension rises as Disney annual meeting looms
Tuesday primary results super for Kerry
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H. Howard Cooper, Chairman and Founder of Teton Petroleum, stated, "The opening of our Moscow office is an important step forward as it will facilitate Teton`s strategic goal to increase reserves and production. This new Moscow base will put us close to the growing deal flow for attractive Russian oil properties. Together, our experienced management team, strong balance sheet, and local independent office give us a strong foundation for moving forward with our growth strategy."
Teton also announced an acceptance to chair Strategic Research Institute`s Russian Oil & Gas Investment and Opportunity conference for the second year in a row. Teton President and CEO Karl Arleth will lead the overview discussions on the Russian oil & gas industry with several other industry leaders at the SRI conference, which will be held at the JW Marriott in Houston, TX on March 29-30, 2004.
Concurrently, Chairman and Founder H. Howard Cooper will attend the Howard Weil 32nd Annual Energy Conference in New Orleans, LA on March 28-April 1, 2004. Mr. Cooper will host a breakfast table at the conference on Tuesday, March 30 at 7:00AM.
About Teton Petroleum:
Denver-based Teton is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia, where it has been producing and exporting oil in Russia since 1998. Teton is currently developing three oil fields in Western Siberia, located ten miles north of Samotlor, the largest oil field in Russia and seventh largest oil field in the world. Teton has positioned itself to grow rapidly by acquiring and developing oil fields in Western Siberia, where geologic risks are low, acquisition costs are currently favorable and the long-term outlook is excellent.
This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We disclose information concerning "probable reserves" and "possible reserves" in this press release. The SEC guidelines would strictly prohibit us from including this information in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-KSB filed with the SEC on March 31, 2003, copies of which are available from us upon written request addressed to Teton Petroleum Company, 1600 Broadway, Suite 2400, Denver, CO 80202-4921. This form can also be obtained from our website www.tetonpetroleum.com or the SEC`s web site at www.sec.gov.
For more information, contact:
Gillian Kane, VP, Investor Relations
Teton Petroleum Company
Phone: (970) 870-1417
gillian@tetonpetroleum.com
SOURCE Teton Petroleum Company
Hab jetzt zu 3,10 nachgekauft!
Die News hören sich nicht schlecht an!
Kastor
Die News hören sich nicht schlecht an!
Kastor
Teton Petroleum Signs Binding Agreement to Acquire Majority Share in Producing Russian Oilfield
4/5/2004 8:24:00 AM
DENVER, Apr 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company ("Teton") (TPE) , an independent oil and gas exploration and production company with its principal assets in Russia, today announced that it has signed a binding purchase and sale agreement ("Agreement") to acquire a majority interest in a producing field in Russia.
Upon the closing of the acquisition, the property will be jointly operated by Teton and a major western European partner. Teton estimates that the current production is approximately 3,400 barrels of oil per day net to Teton. The closing of the acquisition is subject to many conditions. Prior to closing, Teton intends to conduct additional due diligence of the properties and complete its planned financing program. The acquisition also includes two additional exploration licenses. The Agreement was signed, effective March 31, 2004, and a deposit in excess of $3 million USD has also been made by Teton to the seller. The Agreement provides for a closing date of on or before July 1, 2004.
Teton will make additional information on this transaction available as it is jointly released by its potential partner and the seller over the next several weeks.
About Teton Petroleum Company:
Denver-based Teton Petroleum Company (TPE) is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is currently developing three oil fields at its Goloil license in Western Siberia. The company has been producing and exporting oil from Russia since 1998.
This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
For Further Information, Please Contact:
Gillian Kane, Vice President, Investor Relations
(970) 870-1417
Gillian@tetonpetroleum.com
4/5/2004 8:24:00 AM
DENVER, Apr 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company ("Teton") (TPE) , an independent oil and gas exploration and production company with its principal assets in Russia, today announced that it has signed a binding purchase and sale agreement ("Agreement") to acquire a majority interest in a producing field in Russia.
Upon the closing of the acquisition, the property will be jointly operated by Teton and a major western European partner. Teton estimates that the current production is approximately 3,400 barrels of oil per day net to Teton. The closing of the acquisition is subject to many conditions. Prior to closing, Teton intends to conduct additional due diligence of the properties and complete its planned financing program. The acquisition also includes two additional exploration licenses. The Agreement was signed, effective March 31, 2004, and a deposit in excess of $3 million USD has also been made by Teton to the seller. The Agreement provides for a closing date of on or before July 1, 2004.
Teton will make additional information on this transaction available as it is jointly released by its potential partner and the seller over the next several weeks.
About Teton Petroleum Company:
Denver-based Teton Petroleum Company (TPE) is the only publicly traded U.S. oil and gas exploration and production company with all of its producing assets in Russia. The company is currently developing three oil fields at its Goloil license in Western Siberia. The company has been producing and exporting oil from Russia since 1998.
This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.
For Further Information, Please Contact:
Gillian Kane, Vice President, Investor Relations
(970) 870-1417
Gillian@tetonpetroleum.com
3,10-3,30
Hoffe das Teil findet seinen Weg nach oben!
Vieleicht war alles sell by Good News!
Kastor
Hoffe das Teil findet seinen Weg nach oben!
Vieleicht war alles sell by Good News!
Kastor
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