PRVB CEO kauft 500 K Shares zu 0,2 - 500 Beiträge pro Seite

[afisch]

checkt mal die News der letzten 2 Tage
die haben ein Gasvorkommen entdeckt

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gib mal einen link ...

[loss_pro]

Powder River Basin Gas Corporation Chairman Purchases 500,000 Shares

DENVER--(BUSINESS WIRE)--July 18, 2002--Powder River Basin Gas Corporation (OTCBB:PRVB - News) announced today that its Chairman and Founder, Greg
Smith, has converted $100,000 of debt into Powder River Basin Gas Corporation (OTCBB:PRVB - News) common shares at a share price of 20 cents per share
effective immediately. This conversion reduces corporate debt by 20% and indicates a strong vote of confidence by the Chairman in the new management team`s ability
to implement the Company`s business plan.

The decision to exercise at this price rather than the current market price was due in part to management`s commitment to maintaining shareholder value while
minimizing dilution. The company currently has approximately 19 million shares issued and outstanding.

About Powder River Basin Gas Corporation

Powder River Basin Gas Corporation is an exploration, development and production company engaged in the evaluation and development of coal-bed methane ("CBM")
reserves as well as shallow oil reserves within the Powder River Basin in Wyoming. The Company`s focus is to obtain leasehold interest in acreage within the Powder
River Basin that is in proven geologic settings (known productive coal seams) and is adjacent or near developed leases, which are held by larger CBM developers and
operators such as Devon Energy (NYSEVN - News), Western Gas Resources, Williams Companies (NYSE:WMB - News), Phillips Petroleum (NYSE:P - News),
J.M. Huber and others. This close proximity to other operators allows PRVB to benefit from the established infrastructure of gathering systems, pipelines, electricity
sources, roads, etc. In addition, PRVB can benefit from the dewatering of the coals that has already occurred by the offset operators, which help to reduce the
company`s water disposal costs. The Company`s geologic and engineering focus is concentrated on the commercial development of natural gas from four or five
different coal seams in various leases in and around the Sheridan and Gillette areas. In addition, the company has identified the potential of shallow oil reserves (at a
depth of 600 to 800 feet) on several of their leases and will pursue commercialization of these assets.


comment:
wenn es frisches geld wäre o.k., aber er wandelt ja nur FK in EK um, könnte genauso gut sein, daß er sein geld einfach nur wieder haben will bevor gar kein interesse mehr an der aktie mehr besteht. die letzten tage vor der meldung wurden ja im schnitt noch nicht einmal mehr 10k zu .10 gehandelt, da sind solche meldungen über neue funde natürlich gute gelegenheiten. aber von solchen kleinen gas/öl klitschen gibt es doch tausende, irgendwann finden die alle mal was. lasse mich aber gerne überzeugen, daß das hier eine aufstrebende klitsche ist.
auf eine meiner OTC watchlists zu setzen kann ja nicht schaden.