HADRO RESOURCES ab heute PTGC - 500 Beiträge pro Seite

[funnyrisk]

Reverse Split vollzogen
Bid 4$
Ask 6.05$
Neue Website http://www.petrogen.net

Initiatoren dieselben wie bei GMXX
Alle die Hadroaktien besitzen besitzen ab heute wertlose Papiere dank des reversesplits. Nun, man darf jetzt aber neue kaufen und sich nocheinmal verarschen lassen. Vielleicht läuft das Ding j auch bis 20$

[funnyrisk]

Hadro Resources, Inc. Announces Corporate Name and Trading Symbol Change And Closing of the Acquisition of Petrogen, Inc.

WEDNESDAY, FEBRUARY 12, 2003 09:01 AM

HOUSTON, Feb 12, 2003 /PRNewswire-FirstCall via COMTEX/ -- Corporate Name Change: Hadro Resources, Inc. ("the Company") announces that further to the Company`s previous news release of October 17, 2002 and contemplated acquisition of Petrogen, Inc., that the Company`s name has changed from "Hadro Resources, Inc." to "Petrogen Corp."

New Trading Symbol: The common shares of the Company will trade on the OTCBB under the symbol "PTGC" effective market open on February 12, 2003.

Reverse Share Consolidation Completed: As of this news release the Company confirms that it has completed its reverse share consolidation as outlined in the Company`s Information Statement Pursuant To Section 14(C) Of The Securities Exchange Act of 1934.

Acquisition Closing: Petrogen Corp. further announces that it is, effective the date of this news release, closing the acquisition of a 100% interest in Petrogen, Inc., a Colorado private corporation. Petrogen is an energy company specializing in the development of domestic energy. Petrogen has operations based in Houston, Texas, and is committed to developing into a leading independent oil and gas competitor through systematically expanding operations, increasing yearly revenues and booking new reserves. The acquisition will require the issue of approximately 7,000,000 restricted common shares and 300,000 restricted common shares to be issued as a finder`s fee pursuant to the transaction. The total estimated capitalization of the Company is expected to total 8,421,585 common shares issued.

New Website: For further information regarding the Company`s latest acquisition, please see our revised website at www.petrogencorp.com

About Petrogen: Petrogen is operated by a group of highly qualified professionals from the oil and gas industry whom possess major international energy company and independent operator expertise. The management team has an acute understanding in assessing highly viable prospect opportunities and the ability to negotiate the most favorable project agreements that present the highest possible upside potential to the Company. Petrogen has acquired and entered into agreements which result in the acquisition of net proven reserves currently estimated to be 23.5 billion cubic feet gas (BCFG) and 935,000 barrels of oil (BO). Additional probable reserves are estimated to be 28.9 BCFG and 985,000 BO. Affiliate Petrogen International Ltd retains a 10% carried interest as exclusive operator in and to all projects acquired by and developed on behalf of Petrogen.

Petrogen`s immediate efforts are focused upon placing the numerous shut-in oil and gas well bores located on its properties in the states of Texas, Mississippi and Wyoming back into production, and to immediately implement additional development operations on these same properties with the commencement of drilling new wells into proven undeveloped reserves. Additionally, Petrogen plans to commence a major development initiative upon Emily Hawes Field in the spring of 2003 to drill as many as three new gas wellbores to attempt to produce estimated gross reserves of 12.2 BCFG.

Petrogen and Petrogen International Ltd. are collectively structuring the acquisition of numerous prospect opportunities that will provide Petrogen with immediate cash flow while also providing for the expansion of known undeveloped hydrocarbon reserves. Petrogen`s current projects include the following.

EMILY HAWES FIELD, MATAGORDA ISLAND, CALHOUN COUNTY, TEXAS (95% WI / 77.5% NRI)

The Emily Hawes Field project is located within the prolific oil and gas producing Miocene-Frio Trend of the Texas Gulf Coast, renowned as one of the most prolific gas producing regions in the world. Discovered in 1984, three wells have been drilled and completed as gas producers at Emily Hawes Field resulting in gas production of approximately 16 MMCFGD from multiple Miocene sands between 6,190` and 6,450`. Of a total 14 BCFG of proven reserves, only 1.795 BCFG were exploited when the wells became shut-in, leaving an approximate 12.2 BCFG of proven reserves available for further development. Analysis strongly suggests that these sands will also be productive with probable reserves estimated to be 28.8 BCFG and 1.57 MMBO.

BAXTERVILLE FIELD, LAMAR AND MARION COUNTIES, MISSISSIPPI (50% WI~75% NRI-Gas/75% WI~ 75% NRI-Oil)

The Baxterville Field Project is located approximately 80 miles north of New Orleans, Louisiana, and approximately 100 miles south of Jackson, Mississippi, these leases occupy the north flank of the prolific oil and gas producing Baxterville Field. Petrogen`s interest include a 75% working interest (WI) ~ 75 % net revenue interest (NRI) in all oil production and a 50% WI ~ 75% NRI on all gas development upon portions of the U.S. Gas Systems "Dunn & Swan Tracts".

The Baxterville Field Project represents an outstanding opportunity to develop low-risk, low-cost oil and gas reserves. Petrogen plans a twofold development strategy commencing 2003 to realize the existing reserves of 400,000 barrels of oil and 11.25 billion cubic feet gas through the redevelopment of five shut-in oil and gas well bores and the drilling of six new wellbores to exploit undeveloped reserves estimated to be 1.5MMBO.

BROWN GOVERNMENT LEASE (100% WI ~77.5% NRI)

The Brown Government Lease is located within Coronado`s 440 acre Enos Creek Property in Wyoming. It contains three existing shut-in well bores of which Petrogen plans recompletion to extract the remaining proven reserves of 2.6 BCFG from three producing Frontier Sands. Additional unproven reserves within the Torchlight formation of 1.07 BCFG and within the Cody Sands of 3.8 BCFG provide for low-risk exploration opportunities upon the Property through cost effective shallow drilling development operations. Additionally, a further 9.25 BCFG of Proven Developed Non-producing (PDNP) and proven undeveloped (PUD) reserves within an AMI (Area of Mutual Interest) can be developed in all three Frontier Sands, including the recompletion of one additional shut-in gas well. Combined Frontier formation proven reserves within the Property and the AMI are estimated to be 11.8 BCFG.

About the Company: Petrogen Corp. is an oil and natural gas development and production company with operations based in Houston, Texas. Petrogen is engaged in the acquisition of oil and natural gas properties throughout the continental US that possess proven reserves which represent outstanding upside development potential. Petrogen specializes in the redevelopment and expansion of proven non-producing, undeveloped and behind pipe reserves that represent additional future expansion potential, and further provide for the opportunity to leverage upon those developments while maintaining a financially balanced and unencumbered fiscal strategy. Petrogen aggressively approaches its acquisitions strategy with a specific emphasis being placed upon expansion of its natural gas reserves.

Petrogen Corp. (formerly Hadro Resources, Inc.) common stock is traded on the OTC Bulletin Board in the United States under the symbol PTGC and on the Frankfurt Stock Exchange (FWB).

SAFE HARBOR STATEMENT

THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY`S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN."

SOURCE Petrogen Corp.



CONTACT: Marcus Johnson of Investor Communications International, Inc.,
[phone], or fax, [phone], for Petrogen Corp.

URL: http://www.petrogencorp.com" target="_blank" rel="nofollow ugc noopener">http://www.petrogencorp.com

[Musikpalette]

Hallo Funnyrisk,
in welchem Verhältnis wurde denn getauscht?
Gruß
MP

[Skerstupeit]

na Brent wird das Ding schon schaukeln

Ich würde ja zu gerne mal wissen wie viele Aktien ICI jetzt wieder kontrolliert...

[funnyrisk]

auf jeden Fall den Löwenteil

[eurogekko]

Skerstupeit,gleiche Abzocke wie GMXX und ein paar andere!!Viel Glueck

[funnyrisk]

bin ja mal gespannt, wann es hier losgeht.

[orion63]

Hallo Leute, ich habe lange Aktien von Hadro gehalten. Diese hatte ich eigentlich schon lange abgeschrieben. Jetzt heißen die Dinger plötlich ganz anders und die Stückzahl hat sich um einiges verringert. Was ist da geschehen???? Um welche Aktien handelt es sich bei der neuen Firma????????? Für Informationen bzw. Aufklärung danke ich schon mal im voraus.