TexEn Oil and Gas: Zerschmettert am Boden oder doch Rebound möglich? - 500 Beiträge pro Seite

[JosedelaVega]

hier wurde in den letzten Wochen ein recht interessantes Managementteam neu installiert.

Die Company wie auch die Aktie hat deutlich bessere Zeiten hinter sich und liegt derzeit im wahrsten Sinne des Wortes am BODEN (desshalb gefällt sie mir ja auch). Es bleibt natürlich die Frage, ob sie es wirklich nochmals schafft - die Öl und vor allem Gas Märkte tun jedenfalls im Moment dafür ihr Bestes.

Vorsicht: ist an der OTC notiert / Totalverlust immer drin !

Momentan 90Millionen shares raus
bei einem Kurs von 0,12 US macht das 10,80 Mil. US Dollar Marktkap.

Kürzel: TXEO
WKN: 602401
( jedoch besser in den USA Ordern in Berlin keine Umsätze )


hier einmal das Management:

EXECUTIVE MANAGEMENT TEAM

Michael Sims
President & CEO
Mr. Sims was instrumental in the sourcing of the company’s property assets and negotiating the leasehold agreements. During the span of his career, 25+ years, Mr. Sims has been actively involved with fundraising in both the private and public sector. He has worked in industries including oil and gas drilling, exploration and production, drilling pump manufacturing and transportation. Mr. Sims is a native of Texas and has greater than 20 years experience in oil and gas exploration and production.



KEY ADVISORS



Larry Lenig
Strategic Consultant

Mr. Lenig served as CEO and president of Seitel, Inc from 2002 to 2004 during which time the company restored strong positive cash flow and increased its recognized value by more than $100 million.

Mr. Lenig also served as President of US and Canadian operations of Paradigm Geophysical, Inc. from 1999 to 2002 and served as CEO of Grant Geophysical from 1997 to 1999. Before joining Grant Geophysical, Mr. Lenig was with Digicon Inc (now known Veritas DGC, Inc.) from 1976 to 1993, the last five years as Chief Operating Officer.

Other consulting clients of Mr. Lenig have included oil services companies, oil companies and several enterprises outside of the oilfield. Mr. Lenig graduated from the University of Houston in 1971 with a BAA in Accounting. Mr. Lenig is a member of the Society of Exploration Geophysicists and serves on the Advisory Council to the Dean of the College of Natural Science and Mathematics at the University of Houston.

Michael McAdams
Advisor to the President
Michael J. McAdams, Partner, has held senior level leadership positions in business, government and industry organizations and brings over 25 years of public affairs experience to the firm. His expertise, experience and extensive relationships with decision makers are invaluable in pursuing an integrated public affairs approach for clients in the areas of energy, environment and tax.

Prior to joining the firm, Mr. McAdams was the Vice President of the Eastern United States and Associate Group Policy Advisor to the Chief Executive Officer of British Petroleum (BP), Lord John Browne. In his role as policy advisor, McAdams was a key member of the BP team overseeing the Amoco and Arco mergers. Additionally, he played a pivotal role in the development of BP climate policy and fuels policy and in the negotiation of the largest New Source Review settlement in US history, impacting nine of the company`s U.S. refineries. In his VP Eastern US management role, he supervised a staff of 45 and directed a state government and public affairs effort covering 32 states.

As a lobbyist for British Petroleum, McAdams lead BP efforts on the Oil Pollution Act, developed Congressional testimony for oversight hearings and led the successful legislative effort to lift the 20 year ban on the overseas sale of Alaskan crude oil. He was also involved in shaping the 1990 Clean Air Act, as well as the low sulfur gasoline and the low sulfur diesel rulemakings by the Environmental Protection Agency. McAdams has testified before state agencies, appeared on national radio programs and handled a multitude of media interviews on energy issues and the environment.

Prior to joining BP, McAdams was a lobbyist for the Fertilizer Institute on energy, environment, tax and trade issues. Mr. McAdams has also worked as a consultant to state government environmental agencies in their negotiations on air permits with major refiners.

Before joining the private sector, Mr. McAdams served as the legislative director to the chairman of the House Energy and Commerce Committee, Ralph Hall (D-TX). Prior to joining Congressman Hall`s staff, McAdams worked for the chairman of the House Water Resources Committee of Public Works and Transportation. McAdams has served as chairman of the National Energy Resource Organization and is a member of the International Game Fish Association.

Mr. McAdams has a degree in Political Science from Virginia Tech and a J.D. from American University.

Wendy Prabhu
Public Relations Advisor
Wendy Prabhu has developed and implemented comprehensive public and investor communication programs for private and publicly traded companies for over 10 years.

Ms. Prabhu has consulted to both private and public companies regarding business development strategies, securities and exchange issues, public relations, financial media relations and investor relations. Her clients have had multi-state and multi-national operations in Australia, Canada, South America, and the United States. Industries where Ms. Prabhu’s guidance has been utilized include oil and gas, mining, alternative energy, transportation and nutriceuticals.


José

[JosedelaVega]

hier einmal Infos zu den Properties:

Helen Gohlke

Gohlke`s major assets consists of a 100% working interest and a 70% net revenue interest in the Helen Gohlke Field located in Victoria and DeWitt Counties, Texas. This working interest ownership position consists of various interests in 60 wells, which have been drilled to date. Gohlke plans additional development before expiration of the leasehold.


The Helen Gohlke Field comprises approximately 4,800 gross and net leasehold acres which are located under nine (9) different oil, gas, and mineral leases in Victoria and Dewitt Counties, Texas. This field was discovered by Shell Oil Company in 1950 and has been since sold to various independent oil and gas operators.

Texen through it’s wholly owned subsidiary, Texas Gohlke Partners, owns one hundred percent (100) working interest and seventy percent (70%) net revenue interest in and to the field.

Over sixty (60) wells have been drilled in this field within the last 50 years to penetrate the deeper Wilcox and Yegua sand formations. Additionally, Petroglyph Energy, Inc. drilled 5 shallow wells to penetrate the Miocene, Frio,and Vicksburg and packages in the late 1990’s after conducting an extensive 8.30 square mile 3D seismic survey. There are currently seven (7) wells producing in the field from deeper Wilcox and Yegua formations and one (1) well producing from the shallower Miocene and Frio sections. Two (2) saltwater disposal wells with full injection systems are located in the field which handle residual produced water. A full natural gas gathering system with gas compression is in place which provides the infrastructure for continuing natural gas production.

Averaged production over the last year has been approximately fifty (50) barrels of oil per day and approximately 300 million cubic feet of gas per day from the eight (8) producing wells. The production revenue stream has averaged over $45,000 per month. Lee Keeling & Associates, Inc., professional engineering consultants from Tulsa, Oklahoma, conducted an extensive appraisal of the field for Petroglyph Energy, Inc. effective January 1, 2000. Results of this appraisal concluded gross cumulative remaining reserves in the field to be approximately 122,394 barrels of oil and approximately 7.1 billion cubic feet (bcf) of natural gas.

Interpretation of the 8.3 square miles of 3D seismic shot across the field in 1997 by Kenneth A. Miller, geophysicist for Sanka Exploration Company, a wholly owned Texen subsidiary, in January of 2002, resulted in the identification of ten (10) “bright spot amplitude anomalies” with one excellent Miocene lead at approximately 1,850 feet and nine (9) excellent Frio and upper Vicksburg leads ranging from 2,700 feet to 4,000 feet. A relationship between high seismic amplitudes and gas production is assumed based on the correlation of amplitudes and production from the Charles Kuester A-207A#1 and the G. Musselman A-206C #1 wells which were drilled by Petroglyph Energy in 1997 and 1998. These wells established good production and proved the existence of additional oil and gas reservoirs.

Gohlke intends on drilling and developing these seismic leads to increase it’s oil and gas production and cash flow from the field. These development wells will be both low cost and low risk as each one will be drilled to a depth of no more than 4,500 feet to penetrate the Miocene, Frio, and Vicksburg formations with the locations being picked from Mr. Millers 3D seismic interpretation and with each one being located updip to proven established production.

The Company reported on November 24, 2003 that the Charles Kuester A-207 #2A well had been successfully perforated and initial tests conclude commercial well potential. Fesco Limited Petroleum Engineers tested the well bore. Gas lines and compressors are being installed and production on this well. The second well of a 7- well program on the property is scheduled to commence drilling in the first quarter of 2004.


José

[JosedelaVega]

und das nächste Asset:

Brookshire

Brookshire`s major assets consist of a 77.75% working interest ownership in approximately 1,440 gross leasehold acres and 550 net leasehold acres located in the Brookshire Dome Field of Waller County, Texas. This working interest ownership position consists of various interests in 26 wells drilled to date and one water injection well. The Brookshire Salt Dome is a large (8000 acres) and relatively shallow (3200 feet) piercement salt dome located about 35 miles from the Company`s head office in Houston.

The wells drilled to date on the lease where on an area of less than 40 acres and all were completed in Miocene and Frio sand at between 1700 feet and 3300 feet depth. The shallow drilling will allow for well drilling and completion costs to be kept at an average of US$200,000 or less.

Geologically, Brookshire Dome is located within the Gulf Coast geological province, an area extending some 700 miles from the Rio Grande to Florida, approximately 450 miles of which are within Texas.

The Gulf Coast is a homocline with regional southeast dip. A thick sequence of Cenozoic sediments exceeding, in places, 20,000 feet were deposited across a flat coastal plain. Alternating transgressive and regressive depositional cycles coupled with sedimentary loading and down warping resulted in a series of structurally and stratigraphically important seaward-marching continental/marine "hingeline" trends.

The provenance of Gulf Coast oils are the thick marine shale sections, just seaward of these "hingelines", the cleaner reservoir rocks are in close proximity to these generative shales. The result is a series of productive "fairways". These are designated by stratigraphic nomenclature, i.e. the Wilcox, Wilcox-Yegua, Jackson-Yegua, Frio-Vicksburg, Marginulina-Frio and Miocene trends.

Accumulation along these trends is controlled by both structure and stratigraphy. Sedimentary downloading and consequent deformation has resulted in a series of normal (down-to-the-coast) fault systems. These growth faults are associated spatially with prominent anticlinal structures in the down-thrown blocks that have produced some of the most prolific Gulf Coast fields. Within these fields, secondary faulting and diverse depositional processes have combined to produce a variety of complicated structural and stratigraphic traps.

Of at least equal importance as hydrocarbon habitat are the various salt domes for which the Gulf Coast is noted.

In essence, salt domes are pillars of salt which have risen from the basement in response to sedimentary deposition and difference in the specific gravities of the salt and overlying (surrounding) sediments. This salt flowage varies extensively from dome to dome; some domes have surface expression, others are deep-seated. Domal shape may vary from straight-sided to mushroom topped with salt "overhangs" which mask the sequence of underlying sands.

In general, salt domes are classified as either "shallow" or "deep" (shallow being those that extend within 2500` of the surface) or "piercement" or "non-piercement." Both types have produced prolific quantities of oil.

Hydrocarbon accumulation at salt domes may be either structural, stratigraphic, or both. The mechanics of salt dome intrusion coupled with cyclic rates of structural growth and sedimentation produce atypical traps. The fault pattern at piercement domes is frequently radial (i.e. faults radiating from the dome outward); peripheral faults, those that extend transverse to flank dip are also common. Both types produce numerous fault-segregated reservoirs, each of which may contain its own discrete productive reservoirs and water levels. Unless reservoirs have been cut-off from down-dip oil/water contacts (by faulting or porosity barriers) the reservoir producing mechanism is most frequently water drive with correspondingly large per acre/foot recoveries.

Salt movement may also create reservoirs entirely extrinsic to the flanks and crests of salt domes. As the salt stocks rise and penetrate the surrounding sediments, salt is withdrawn from contiguous areas resulting in depressions termed "rim synclines." If two or more salt domes are in relative proximity to each other, counterporaneous salt withdrawal may result in an interdomal positive structure. An example of this would be the Katy Field that is near Brookshire and is created in part by salt withdrawal from that domal area. Structurally, Brookshire is a shallow piercement salt dome with caprock as shallow as 3150` (±). It is a large dome approximately 4 miles by 3.5 miles in dimension.

[JosedelaVega]

was sagen die Leuts von Texen über sich selbst:


Texen Oil and Gas, Inc. is a Houston-based oil and gas exploration and development (E&D) company with domestic producing crude oil and natural gas properties. The company has positioned itself and its shareholders to take advantage of the supply needs in the energy sector by providing domestically produced resources. We currently hold approximately 6,000 acres of crude oil and natural gas reserves with the majority of acreage in shallow formation fields for low cost exploration, drilling and production. We have 28 producing wells and have identified new well target zones with strong well log data and the interpretation of 8.3 square miles of 3D seismic. The company’s management and operational team have extensive oil and gas industry expertise as well as capital market experience. Our combined strengths allow the company to run at maximum efficiency while exploiting the full potential of our properties to maximize production.


Oil and Gas Industry

The US Department of Energy forecasts natural gas consumption in the US will grow by over 50% between now and 2020.
International Energy Outlook 2003 predicts worldwide oil demand to reach almost 119 million barrels per day by 2025.


Our Goals

Increase oil and gas production by tapping into the maximum potential of the Helen Gohlke Field and the Brookshire Salt Dome. (We have recently identified immediate zones for completion based on strong log data);
Increase our probable and proven reserve estimates through acquisitions and development of new properties.


Our Strategy


Continue to engage in drilling programs for rework of the over 60 well bores on the company’s properties.
Quickly tap into the new well zone targets identified on the Helen Gohlke Field.
Focus on acquiring low to medium risk re-completion targets and producing properties



José

[Statistix]

also ich seh da absolut gar nichts. ein auslaufender leasehold. Produktion 50 barrel am tag. US-Assets sind einfach meist wertlos, weil überdrilled und werden seit dem Verkauf von US-Majors zwischen den kleinen Ölgesellschaften sinnlos und wertvernichtend hin und hergeschoben.

Fazit:

Kein interessantes Property, kein Geld um eines zu erwerben, allerdings interessantes Management. Ich würde einfach die nächste Financingrunde abwarten (wenn eine stattfindet) danach könnte die Company interessant werden, wenn sie sinnvolle Properties kauft.

Gibt interessantere Firmen von den UPS-Machern z.b.

[Statistix]

äh UPL meine ich.

[JosedelaVega]

@ statistix

klar - Spekulation auf die Personen
vor allem McAdams


interessante NEWS heute

Kurs: 0,125 zu 0,13 bei
60.000 Stücken



Texen Oil and Gas Issue Field Update

Houston, Texas, July 22, 2004 - Texen Oil and Gas, Inc. (OTC BB: TXEO), a Standard and Poor`s listed company, continues its turn around operations by reworking and testing a salt water disposal well required by the Texas Railroad Commission. In doing so the company expects to sell over 1,000 barrels of high quality crude from its Victoria Lease locations and improve production on two pumping oil wells and two gas-lift wells. The salt water disposal well will be completed as part of the short term field improvement program initiated by Texen`s new management team.

Additionally, Texen is reworking four wells on its Brookshire Texas property. These wells are expected to be re-completed in the next two weeks and significantly increase the production from our Brookshire property outside of Houston.

"It is an exciting time in the oil in gas industry," Michael Sims said. "With oil prices staying above the 35 dollar a barrel level for the last several months it made good business sense for Texen to re-invest in some of our existing properties to increase production. Some of the real advantages we have amongst the competition is that our wells are in the lower cost range to increase production, coupled with the fact that we own our completion equipment which enables us to keep our field operating expenses efficient. "

We plan to continue to pursue the development of our existing properties in the short term, while we look for other opportunities.

About Texen Oil and Gas, Inc.
Texen Oil and Gas, Inc. is a Houston based oil and gas exploration and development (E&D) company. The company leases approximately 6,000 acres of crude oil and natural gas producing properties in Victoria, DeWitt and Waller Counties, Texas. Texen Oil and Gas is focused on acquiring, developing and producing proven, developed and underdeveloped reserves, which offer long-term value for the company. We trade under the stock symbol: TXEO the OTC bulletin board. For additional information, please visit our web site at: www.texenoilandgas.com.

Forward-Looking Statements: This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company`s SEC filings. These risks and uncertainties could cause the Company`s actual results to differ materially from those indicated in the forward-looking statements.


José

[JosedelaVega]

wichtig, weil mich manche per BM gefragt haben ob ich hier bereits investiere !!

Nein

sorry wenn es nicht klar rübekam
die ganze Sache sieht für mich recht interessant aus
( also vor allem das neue Management )

ich bin nun am stöbern und beobachten, wie sie die Company wieder hochbekommen wollen

Gruss
José

[JosedelaVega]

na da scheint mein "Nässchen" mal wieder was gefunden zu haben.

Schlusskurs heute
0.145 US Dollar

+20.83%

bei 200.000 Stücken Umsatz

tsja - als Kleininvestor hat man leider nicht für alles immer Cash

hoffe der ein oder andere kann profitieren

José

[JosedelaVega]

so inzwischen sind wir bei 0,18 US Dollar
und haben die Tage die 0,20 bereits getestet

José

[Statistix]

ich bleibe dabei. Texen hat keine wertvollen Assets. Gibt erheblich bessere Chancen. Und der Kursverlauf zeigt nur ein kurzes aufzucken. Er zeigt sogar mehr als das...