endevco da kommt nen hype! - 500 Beiträge pro Seite

[chiptrader]

endevco ist in den letzten tagen schon sehr gestiegen!

bis jetzt ist auf die aktie noch fast niemand aufmerksamm geworden!

meine eischätzung hoch riskant!

aber da sind schnell nen paar hundert prozent drin wenn`s los geht!




grüssle chip

[chiptrader]

31-Mar-2004

Annual Report


ITEM 6. MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

This report, including Management`s Discussion and Analysis of Financial Condition and Results of Operations, includes certain forward-looking statements. The forward-looking statements reflect the Company`s expectations, objectives and goals with respect to future events and financial performance. They are based on assumptions and estimates, which the Company believes are reasonable. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to, commodity prices, political developments, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. The notes to Consolidated Financial Statements sections contain information that is pertinent to the following analysis.


GENERAL COMMENTS ON BUSINESS PLAN


The Board of Directors has passed a unaminous resolution to change the name of the Corporation to EnDevCo, Inc. The shareholders approved the name change at the Annual Meeting held on September 12, 2003. The new ticker symbol is " ENDE" .

EnDevCo, Inc., a shortened version of the Energy Development Company, establishes an identity that is consistent with the business development activities currently underway to revitalize the Corporation. The Company is involved in several energy related development projects that transcend the traditional business scope of oil and gas exploration and production. These activities include the possible development of an industrial free trade zone in the Republic of Congo that includes aspects of traditional offshore natural gas drilling and production, natural gas storage, oil and condensate production for export, LPG production and bottling, large scale electrical power generation and development and administration of an industrial park that includes a wide variety of possible industrial plants and services. Additionally, the Company is investigating investment in the development of new technologies for the enhancement of oil and gas production, utilizing that technology to gain leverage in the purchase of domestic natural gas production. The Company intends to pursue the development of natural gas fired power plants both in domestic and international venues.

This new corporate identity and our wide variety of activities are better described to new investors as the Energy Development Company, EnDevCo, Inc.


POWER DEVELOPMENT


The Company intends to pursue the development of power projects in both domestic and international venues. As a result of the downturn in the world economy following September 11, 2001 and in the wake of severe financial results in most sectors of the power industry in the United States since that time, the business model for this industry is currently undergoing a transformation. The Company is currently monitoring several new opportunities and has identified qualified individuals that will be hired at an appropriate time to identify and pursue power development projects. The Company continues to believe that the long-term need for new power plants will be significant, particularly as the national economy recovers and older, less efficient generating assets need to be replaced. Currently, the Company does not anticipate any near term positive economic impact from this sector of our business.

Power Plant Development - Pointe Noire Industrial Free Trade Zone, Republic of Congo - The Company and the Republic of Congo government signed an agreement to conduct a Feasibility Study for the development of an Industrial Free Trade Zone (" IFTZ" ) at Pointe Noire (Republic of Congo). The Company currently holds no interest in properties in the Republic of Congo, but in the event that the Pointe Noire project is deemed to be commercially feasible, and at the time that necessary project financing can be secured, the Company anticipates that it would enter into definitive agreements with the Republic of Congo to manage the development of the IFTZ at Pointe Noire. A significant aspect of this development would entail construction and operation of a 600 megawatt, thermal power plant, fueled by natural gas produced from fields located nearby in offshore waters. Successful development of this project will require the Company to secure a definitive Power Purchase Agreement with an as yet unidentified end user for the power generated by this project. The Company has identifed several possible end users for the power, but is still in the process of documenting the overall economic feasibility of the project. The Company has engaged a consulting engineering company to assist in the development of the requisite work program, cost estimates and economic sensitivity studies to determine the overall economic feasibility of this project.


OIL AND GAS EXPLORATION AND DEVELOPMENT


The Company is pursuing oil and gas exploration and development opportunities in both domestic and international venues. The Company has identified four blocks in the Gulf of Mexico that will provide it with the opportunity to participate in the drilling of low risk, development wells. The blocks are currently in production and as a result of recently acquired 3D seismic data integrated with previously known geological and engineering data, additional low risk development drilling opportunities have been identified. Participation in these types of relatively low risk and low cost wells will provide near term cash flow to support the activities of the Company.

Additionally, the Company has identified several other exploration projects that carry significant upside potential (although at higher risk). The Company currently holds agreements to farmin to these projects which are located on the western coast of Newfoundland and in the Rio Magdelena Valley of Colombia. Our exploration teams are also evaluating other opportunities located in South America and West Africa.

Gulf of Mexico Option - On December 28, 2003, the Company entered into an agreement with Pine Curtain Production Company, LLC wherein the Company has the option to participate in an undivided interest of 50% of the seller`s undivided interest in lease holding rights to include seller`s proprietary geological, geophysical and engineering data relating to the following Gulf of Mexico Blocks: East Cameron Blocks 71 & 72, Eugene Island Block 294, and Chandeleur Block 14. The purchase price was $1,000,000 paid in 500,000 preferred shares valued at $1.00 per share and with a note payable for $500,000.

Rio Magdelena Option, Colombia - On September 25, 2003, the Company purchased from Harvest Production Company, LLC an option to participate with Argosy Energy International, in the acquisition and processing of 101 kilometers of 2D seismic, and a continuing option to participate on a joint venture basis in wells to be drilled after the interpretation of that seismic on their Rio Magdelena Association Contract comprising 58,546 hectares (144,600 acres) situated in the Upper Magdelena River region of Colombia. The purchase price was $1,000,000 paid in preferred shares.

Pointe Noire Gas Feasibility Study, Republic of Congo - The Company and the Republic of Congo government signed an agreement to conduct a Feasibility Study for the development of an Industrial Free Trade Zone (" IFTZ" ) at Pointe Noire (Republic of Congo). The Company has engaged a consulting engineering company to assist in the development of the requisite work program, cost estimates and economic sensitivity studies to determine the overall economic feasibility of this project. The Company currently holds no interest in properties in the Republic of Congo, but in the event that the Pointe Noire project is deemed to be commercially feasible, and at the time that necessary project financing can be secured, the Company may enter into a Production Sharing Agreement with the Republic Congo for rights to drill and produce gas from certain offshore fields currently the subject of the feasibility study. Additionally, the Company anticipates that it would enter into definitive agreements with the Republic of Congo to manage the development of the IFTZ at Pointe Noire.



Energy Technology Development

Development and implementation of new energy technologies will become a key area of new business focus for the Company. The identification of and early participation in the implementation of these types of technologies opens several avenues for potential revenue generation and profits. In some instances, the technology can be manufactured and sold to end users once the market accepts the technology. In other instances, the technology might provide a unique competitive advantage which can be succesfully leveraged by the Company in the acquisition and development of existing energy projects. Initially, the Company will limit its scope of investigation to those technologies that directly compliment the oil and gas, and power industries.




RESULTS OF OPERATIONS


This report, including Management`s Discussion and Analysis of Financial Condition and Results of Operations, includes certain forward-looking statements. The forward-looking statements reflect the Company`s expectations, objectives and goals with respect to future events and financial performance. They are based on assumptions and estimates, which the Company believes are reasonable. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to, commodity prices, political developments, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. The notes to Consolidated Financial Statements sections contain information that is pertinent to the following analysis.


YEAR ENDED DECEMBER 31, 2003 COMPARED TO YEAR ENDED DECEMBER 31, 2002


Revenues -During the period reported, Revenues increased from $2,286 to $1,513,419.

This increase of $1,511,133 is due to consulting fees and the proper accounting treatment of royalty income.

Cost of Revenues - During the period reported, Cost of Revenues increased from zero to $1,496,500.

This increase is due to recognition of payments to the Congo subcontractor.

Costs and Expenses -During the period reported, Expenses decreased from $10,580,410 to $2,189,744, a decrease of $8,390,666.

º " General and Administrative Expense" decreased from $2,454,944 in 2002 to $67,575 in 2003. This decrease of $2,387,369 is primarily the result of the Company`s efforts to keep overhead as low as possible. º " Salaries and wages paid in stock" increased from $187,667 for 2002 to $1,031,500 in 2003. This increase of $843,833 is due to the payment of officer and director compensation due for both 2002 and 2003 in preferred stock. º " Other Expenses Paid in Stock" increased from $27,923 in 2002 to $168,368 in 2003. This increase of $140,445 is the result of payments for expenses to keep the Company in compliance with SEC regulations, payments for legal expenses and operational activities. º " Impairment Loss on Assets" decreased from $7,325,716 in 2002 to zero in 2003. This decrease is due to impairment loss recognized in 2002. º " Shares Issued for Reduced Value" decreased from $382,478 in 2002 to zero in 2003. This decrease is due to the good corporate governance adhered to by new management. º " Interest expense" decreased from $101,276 in 2002 to $25,332 in 2003. This decrease of $75,944 is due to the negotiated settlement to zero in 2003 of the interest on unpaid cash calls for Yemen Block 20. º " Other expenses" increased from $100,406 in 2002 to $896,969 in 2003. This increase of $796,563 resulted from the payment of proxy contest expenses incurred to remove previous management..

Other Income and Expenses - During the period reported, Other Income and Expenses increased from $717,526 in 2002 to $2,157,623 in 2003, an increase of $1,440,097.

º " Interest Income" decreased from $11,308 in 2002 to $5,346 in 2003. This decrease of $5,962 is due to a reduced interest rate earned on the " Investment - Letter of Credit on Deposit" . º " Loss on Abandonment of Assets" increased from $728,834 in 2002 to $2,162,969 in 2003. This increase of $1,434,135 is due to abandonment of assets in 2003.




LIQUIDITY AND CAPITAL RESOURCES


Directors and Officers Compensation

The Company currently has nominal cash reserves and no cash flow from operations. Until such time as the financial condition of the Company improves, the Company`s Directors and Officers have agreed to manage the Company by receiving payment in " Series A" Preferred stock in lieu of cash consideration.

Project Development Guidelines

In recognition of the status of current financial resources available to the Company, executive management is committed to identifying and implementing projects that can be primarily project financed. This strategy reduces financial risk to the Company, but necessarily adds additional lead time before projects can be secured and announced to the shareholders.

There are no assurances, however, that the Company will be able to identify and implement financing to develop its projects or that it will be able to generate sufficient revenue growth and improvements in working capital.

As no revenue is currently generated from operations, the Company will have to raise additional working capital through the sale of its Common stock. No assurance can be given that funds will be available from any source when needed by the Company or, if available upon terms and conditions reasonably acceptable to the Company.

[chiptrader]

CURRENT BUSINESS INFORMATION: EnDevCo, Inc formerly known as Adair International Oil & Gas, Inc. and its affiliated companies are a dynamic and growing energy company. The Company`s business plan strategy is to participate in three sectors of the energy industry: 1) Oil and gas exploration and production, 2) power plant development, acquisition, ownership, operation of power generation facilities, and 3) sale of electricity.
The Company`s exploration and development activities include the evaluation of geophysical, geological, and other data regarding oil and gas properties, acquisition of leases, and drilling of exploratory wells.
The Company`s interest in the Republic of Yemen consists of an exploratory working interest in Sabatain Block 20. Occidental Yemen Sabatain, Inc., a wholly owned subsidiary of Occidental Oil and Gas Corporation, is the Operator of the project. The Company has a 30% working interest in the project.
The Company expects to grow into a major independent energy company through drilling of internally generated oil and gas exploration projects.
The Company seeks to partner with major energy companies to reduce its risk profile on each project, while maintaining upside potential. Prospects will be pursued in areas of proven success and the Company will utilize the " state of the art" in geoscience risk reductions techniques. Recently, a major focus of the Company has become the rapidly growing Merchant Power business in the United States, playing the role of developer of unique sites for placement of environmentally friendly, natural gas fired power plants.
HISTORICAL BUSINESS INFORMATION: Roberts Oil and Gas, Inc. was incorporated on Novmber 7, 1980.
Roberts Oil and Gas, Inc. began to acquire interests in oil and gas properties in 1981, participating in various bid groups in the Gulf of Mexico and conducting exploration and development in that area and the mid continent of the U.S. However, by the mid-1980`s as the oil and gas market collapsed Roberts Oil and Gas, Inc. experienced financial difficulties and did not have sufficient resources to continue the exploration and development of oil and gas properties.
During the year ended May 31, 1997, Roberts Oil and Gas, Inc. acquired properties located in Colombia. With that acquisition, a primary focus of Roberts Oil and Gas, Inc. has been the development of natural gas fired power generation projects. The properties in Columbia contain proven gas reserves. While the combined gas reserves are significant, no natural gas pipelines are nearby, thereby preventing gas sales directly to an end user and immediate commercialization of the gas reserves. Roberts Oil and Gas, Inc. has been in negotiations with Termotasajero, a major Colombian utility company, to construct a 20-megawatt natural gas fired power plant.
On June 16, 1997, a 51% interest in Roberts Oil and Gas, Inc.`s outstanding common stock was acquired by Adair Oil and Gas International of Canada, and Roberts Oil and Gas, Inc.`s name was changed to Adair International Oil and Gas, Inc.
In March of 1999, Adair International Oil and Gas, Inc. sold all of its domestic oil and gas properties to limit plugging liabilities and to refocus on new projects.
Adair International Oil and Gas and Calpine Corporation of San Jose, California signed a development agreement in July 1999. The development agreement was with respect to a site located on the Torres Martinez Indian reservation near Palm Springs, California. Located half way between the major population centers of Los Angeles and San Diego, the $275 million Teawaya Energy Center (TEC) will be sited on reservation land belonging to the Torres Martinez Desert Cahuilla Indians. The TEC will produce 600 megawatts of electricity providing power for approximately 600,000 households, which represents a significant contribution toward meeting the power reliability needs of the rapidly growing Coachella Valley and Southern California. Construction of the project is anticipated to begin in 2003 with commercial operations projected to start in 2004. The Teawaya plant will use two advanced technology 501F combustion turbines, supplied by Siemens-Westinghouse, operated in a highly efficient combined-cycle with a single steam turbine. The plant will be fueled by clean-burning natural gas utilizing an advanced emissions control system. As a result, the TEC will be an environmentally responsible source of electric power that will help address the growing electricity demand throughout all of Southern California.
On February 1, 2000, Adair International Oil and Gas acquired all of the outstanding stock of Partners In Exploration, Inc. The aquisition provided 3-D seismic works stations and technical support not previously available in house. With this acquisition Adair International Oil and Gas broadened its basic objectives to include exploration, evaluation of producing properties for potential acquisition, and the technical evaluation of oil and gas properties.
On April 3, 2000, Adair Yemen Exploration Limited, a wholly owned subsidiary of Adair International Oil and Gas, together with Saba Yemen Oil Company Limited, Occidental Yemen Sabatain, Inc., The Yemen Company For Investment In Oil and Minerals (YICOM), and the Ministry of Oil and Mineral Resources (MOMR), entered into a Production Sharing Agreement in the Sabatain Area, Block 20, in the Marib-Shabwa Governorates, Republic of Yemen. On September 2, 2000, the President of Yemen signed decree number 21, which passes into law the Production Sharing Agreement for Block 20. This decree establishes the effective date for the PSA among Adair Yemen, Saba, and Occidental. In addition to the PSA, the Parties are subject to a Joint Operating Agreement and a Joint Management Agreement and a Participation Agreement which defines certain financial commitments, obligations and operating rules that govern each Parties participation in the project.
In February, 2001, Adair International Oil and Gas formed Superior Geophysical, Inc., a wholly owned subsidiary. Superior is an international/domestic oil and gas exploration service company, engaged primarily to manage, design, acquire and process 2D and 3D seismic data.
December 13, 2001 Shareholders Committed TO Restoring Equity, (SCORE) Group, Inc., announced plans to help all shareholders of Adair International Oil and Gas restore their equity in Adair International Oil and Gas. The SCORE Group, Inc. is a Texas non-profit corporation, organized by concerned shareholders that are seeking to replace the current AIGI Board of Directors and initiate a new Business Plan for Adair International Oil and Gas. SCORE is seeking shareholder proxies in support of a Call for a Special Shareholders Meeting to elect a new Board of Directors.
January 21, 2002, Adair International Oil and Gas, Inc. is negotiating a strategic alliance with a European consortium that will assist them in developing and funding existing projects this year. Adair International Oil and Gas also announced that its Board of Directors is reviewing candidates to be nominated to the Board that will bring additional resources and assets to assist Adair International Oil and Gas with its goals and objectives.
March 20, 2002 the SCORE group filed another contested solicitation today. The group has determined that according to the Adair International Oil and Gas Inc.`s by-laws, Adair International Oil and Gas must hold its annual shareholder meeting no later than June 2002, and has nominated three directors; Richard G. Boyce, John A. Brush, and Charles R. Close.
April 29, 2002, Adair International Oil and Gas, Inc. has a planned development of a sugar refinery in Yemn. The deal will be made up of a consortium consisting of ARKEL, ADAIR and Middle East Local Partners. The Consortium is seeking project financing/partners from the international market to compliment their equity participation. The project is expected to produce 660 tons of refined sugar per day over approximately 300 days, and produce 21 MW of electricity to be purchased by others on a year round basis. The project is budgeted to cost $71,250,000 and requires 20 months for construction. Approximately 50% of the funds will be required from long term financing, 35% as equity, and 15% on a revolving line of credit.
June 11, 2002, the U.S. Securities and Exchange Commission has issued approval for the SCORE Group to distribute its Proxy Statement to Adair International Oil and Gas, Inc.`s shareholders. Adair International Oil and Gas, Inc.`s shareholders will begin receiving the SCORE Group Proxy Statement and a GOLD Proxy ballot card in the mail within ten days. N.S. Taylor & Associates, Inc. a professional Proxy solicitation firm has been engaged by the SCORE Group to assist in providing information and answering Adair International Oil and Gas, Inc.`s shareholder questions.
June 14, 2002, Adair International Oil and Gas filed an S-8 registering 7,605,869 shares of common stock, to be issued to certain consultants pursuant to the Consulting Agreement of Adair International Oil and Gas, Inc.
June 21, 2002, Adair International Oil and Gas, Inc. filed an RW, in accordance with Rule 477 of Regulation C promulgated under the Securities Act of 1933, as amended, Adair International Oil and Gas, Inc. requested the immediate withdrawal of the Registration Statement of Form S-8 (File No. 333-90564) filed on June 14, 2002.
On June 30, 2002, Adair International Oil and Gas, Inc.`s Chimichagua gas field contained proven non-producing gas reserves.
July 24, 2002, Adair International Oil and Gas, Inc. rescheduled its shareholder`s meeting. The meeting was moved from July 26th to August 5, 2002 at the suggestion of the Securities and Exchange Commission, to allow more time for the shareholders to receive proxy solicitation materials and make an informed decision regarding the election of directors. Adair International Oil and Gas is the subject of a heated proxy contest.
August 6, 2002, Adair International Oil and Gas, Inc.`s shareholders chose to unseat its current board and elected a new team after a protracted proxy fight, and several legal scuffles. The vote took place August 5th.
In September 2003, Adair International Oil and Gas changed its name EnDevCo, Inc, increased its authorized common shares to 500 million.

[chiptrader]

GESCHÄFT-INFORMATIONEN: EnDevCo, Inc., das früher als Adair International Oil & Gas bekannt sind, Inc. und seine angeschlossenen Firmen sind eine dynamische und wachsende Energiefirma. Die Company`s Unternehmensplanstrategie ist, an drei Sektoren der Energieindustrie teilzunehmen: 1) Öl und Gaserforschung und -produktion, 2) Kraftwerkentwicklung, Erwerb, Besitz, Betrieb von Stromerzeugung-Service und 3) Verkauf von Elektrizität. Die Company`s Erforschung- und Entwicklungstätigkeiten schließen die Auswertung von geophysikalischem, von geologischer und andere Daten betreffend sind Öl- und Gaseigenschaften, Erwerb der Mieten und Bohrung der Probebohrungen ein. Das Company`s Interesse an der Republik von Yemen besteht aus einem forschenden Arbeitsinteresse an Sabatain Block 20. Occidental Yemen Sabatain, Inc., eine insgesamt besessene Tochtergesellschaft von Occidental Oil und von Gas Corporation, ist der Operator des Projektes. Die Firma hat ein 30% Arbeitsinteresse am Projekt. Die Firma erwartet, in eine unabhängige Energiehauptsächlichfirma durch die Bohrung der innerlich erzeugten Öl- und Gaserforschungprojekte zu wachsen. Die Firma sucht zum Partner mit Hauptenergiefirmen, sein Gefahr Profil auf jedem Projekt zu verringern, beim Beibehalten des Kursspielraumes nach oben. Aussichten werden in Bereiche des nachgewiesenen Erfolges ausgeübt und die Firma verwendet den "Zustand der kunst" in den geoscience Gefahr Verkleinerungen Techniken. Vor kurzem ist ein Hauptfokus der Firma das schnell wachsende Handelsenergie Geschäft in den Vereinigten Staaten geworden und die Rolle des Entwicklers der einzigartigen Aufstellungsorte für Plazierung der abgefeuerten Kraftwerke des freundlichen, Erdgases umweltsmäßig gespielt. HISTORISCHE GESCHÄFT INFORMATIONEN: Roberts Oil und Gas, Inc. wurden in Novmber 7, 1980 enthalten. Roberts Oil und Gas, Inc. fingen an, Interessen an den Öl- und Gaseigenschaften 1981 zu erwerben und nahmen an den verschiedenen Angebotgruppen am Golf von Mexiko und Leiterforschung und Entwicklung an diesem Bereich und mittlere Kontinent der US teil. Jedoch durch das mid-1980`s als das Öl und das Gas stürzte Markt Roberts Oil und Gas ein, Inc. stieß auf finanzielle Schwierigkeiten und hatte nicht die genügenden Betriebsmittel, zum der Erforschung und der Entwicklung der Öl- und Gaseigenschaften fortzusetzen. Während des Jahres beendet Mai 31, 1997, Roberts Oil und Gas, Inc. erwarb die Eigenschaften, die in Kolumbien gelegen sind. Mit diesem Erwerb, einem Primärfokus von Roberts Oil und Gas Inc. ist die Entwicklung Stromerzeugungprojekte des Erdgases der abgefeuerten gewesen. Die Eigenschaften in Kolumbien enthalten nachgewiesene Gasreserven. Während die kombinierten Gasreserven bedeutend sind, sind keine Erdgasrohrleitungen nahe gelegen, dadurch sieverhindern sieverhindern Gasverkäufe direkt zu einem Endbenutzer und zu einer sofortigen Kommerzialisierung der Gasreserven. Roberts Oil und Gas, Inc. ist in den Vermittlungen mit Termotasajero, eine kolumbianische Gebrauchshauptsächlichfirma, ein abgefeuertes Kraftwerk des Erdgases zu konstruieren 20-megawatt gewesen. Auf Juni 16, 1997, einem 51% Interesse am Roberts Öl und Gas Inc.`s wurden hervorragende Stammaktien von Adair Oil und Gas erworben, die von Kanada international sind, und Roberts Öl und Gas, Inc.`s Name wurden Adair zum internationalen Öl und zum Gas, Inc. geändert. Im März von 1999, Adair International Oil und Gas Inc. verkaufte alle seiner inländischen Öl- und Gaseigenschaften, um die Verstopfung von von Verbindlichkeiten zu begrenzen und zum refocus auf neuen Projekten. Adair International Oil und Gas und Calpine Corporation von San Jose, Kalifornien schlossen einen Entwicklung Vertrag im Juli 1999. Die Entwicklung Vereinbarung war in Bezug auf einen Aufstellungsort, der auf der Torres Martinez indischen Reservierung nahe Palme Frühlingen, Kalifornien gelegen ist. Lokalisierte halbe Weise zwischen den Hauptbevölkerung Mitten von Los Angeles und San Diego, die \$275 Million Teawaya Energie-Mitte (TECHNISCH) wird auf dem Reservierung Land stationiert, das den Torres Martinez Wüste Cahuilla Indern gehört. Das TECHNISCHE Willenserzeugnis 600 Megawatt Elektrizität Energie für ungefähr 600.000 Haushalte bereitstellend, die einen bedeutenden Beitrag in Richtung zum Erfüllen der Energie Zuverlässigkeit Bedürfnisse der schnell wachsenden Coachella Senke und des Südkaliforniens darstellt. Aufbau des Projektes wird vorweggenommen, um 2003 mit den kommerziellen Betrieben anzufangen, die projiziert werden, um in 2000 zu beginnen

[Inkmarker]

@ chiptrader!

War auch gerade eine Idee von mir, ein paar Sachen ins Deutsche übersetzen zu lassen.

Warst eben schneller.

@ all!

So Leute noch eine Stunde Zeit um zum derzeitigen Kurs einzusteigen, nach OTC-Eröffnung vielleicht schon nicht mehr.

Haltet Euch ran!

[chiptrader]

bin mal gespannt wo wir heute enden!

bei 10 cents wär mein traum!

[chiptrader]

da hatte ich heute morgen glaube ich nen guten richer!

[Inkmarker]

Na chiptrader!

Dein Einstieg hat sich doch noch gelohnt, oder?

Schon bist Du reicher geworden. Wenn jetzt noch unsere Centrex genauso steigen, können wir so richtig feiern gehen.


Grüße Inkmarker

[chiptrader]

so hast auch centrex net schlecht!

wenn ich das gewusst hätte ich das geld von centrex hier rein gesteckt dann wär ich bald nen reicher mann!

grüssle chip

[chiptrader]

wette wir schliesen heute auf tages hoch!

[chiptrader]

oh da werden aber nen paar ganz schon angespannt sein wo da zu 0.075 gekauft haben!

[chiptrader]

so wir geben noch mal nen bissle gas!

[heikekarina]

Glückwunsch allen hier Investierten. War leider nicht dabei, obwohl letzte Woche im Centrexthread mehrfach gelesen. Leider verpennt.

Wäre schön wenn ihr euch dafür mal fie 917633 anschauen würdet. Dort richt es ebenfalls nach Ausbruch.

Ansonsten weiterhin viel Glück.

[chiptrader]

machen wir heike karina versprochen!

chip

[chiptrader]

na sieht doch nicht schlecht aus für morgen!

so kanns weiter gehen!

[Inkmarker]

# 11

Geht mir genauso chip. Aber wir haben halt keine Glaskugel (noch nicht ).

Grüße Inkmarker


PS: Ich hoffe Du kannst die Nacht mal durchschlafen und es treibt Dich nicht wieder vor 6.00 Uhr raus .

[chiptrader]

@ inkmarker,

bin schon bissle vor 6 wach!

gehe um 6 in´s geschäft!

damit ich heute abend für meine aktien zeit habe!

wünsche allen einen schönen tag!

chip

[chiptrader]

stehe aber gerne früh auf!

dann hat man noch was vom tag!

[chiptrader]

wenn hier weiter so munter gekauft wird sehen wir noch vor dem start an der otc die 10 cents!

[chiptrader]

scheint weiter zu gehen heute!

[chiptrader]

und die umsätze scheinen auch zu stimmen!

[chiptrader]

wahnsinn das volumen heute!

heute packen wir die 10 cents!

[TraderAlex]

dein wort in gottes ohr

[chiptrader]

und so wenig los hier!

wollen die erst alle bei 0.3 dazu kommen!

[TraderAlex]

die sind alle am kaufen

[Inkmarker]

# 18: Den Spruch kenne ich noch von meiner Oma .

Na geht ja wieder ganz gut ab heute. Musste heute auch mal wieder arbeiten, und bin gerade reingekommen.

[chiptrader]

bin mal echt gespannt ob wir heute noch die 0.1 packen!

[chiptrader]

denke mal der kurs verschnauft gerade nachher gehts noch mal richtig hoch!

[chiptrader]

wetten das da die ersten in germany schon wieder die panik bekommen!

[dutt]

kommt immer auf den einstieg an

[chiptrader]

so heute gehts weiter nach oben!

[chiptrader]

niemand da!

[chiptrader]

langsamm kommt wieder schwung rein!

in den kurs!

[superkarl]

Doch, aber ich schweige und genieße!!

[chiptrader]

hast es dir ja auch verdient!

[Inkmarker]

@ chiptrader!

Bin auch da, und beobachte Deine Aktivität .

[TraderAlex]

alle sind wir da, und warten was da kommt!

[chiptrader]

na dann lass es doch kommen!

[chiptrader]

kommt doch ganz gut!

[chiptrader]

bin mal gespannt ob wir nächste woche die 10 cents packen!

[chiptrader]

28%!

[chiptrader]

bin mal gespannt ob wir diese woche die 0.1 packen!

chip

[TraderAlex]

schön wärs!!!

[chiptrader]

na geht doch!

[chiptrader]

da haben wir aber schon bessere tage gesehen!

[superkarl]

Die werden auch wieder kommen.

[chiptrader]

hoffe ich doch stark!

sonnst kannst des bussi vergessen!

[chiptrader]

[chiptrader]

+ 37%

nur die umsätze sind bissle mager!

[superkarl]

Also bitte, wenn schon dann 37,5 %
Oje, ich wasch mir schon mal die Backe.

[chiptrader]

http://www.endevcoinc.com/

[superkarl]

Hab ich doch gestern schon gepostet.

[chiptrader]

aber nicht den link!

[chiptrader]

40% sk würden mir besser gefallen!

[chiptrader]

sieht heute doch schon wieder ganz gut aus!

[chiptrader]

na allso!

sie kann es doch!

[chiptrader]

glaube ausser dir karl und mir chip hat endevco sonst niemand im auge!

werden erst dann kommen wenn wir über 0.15 stehen!

[dutt]

.....0,065

[chiptrader]

OTCBB ENDE USD 0,053 0,060 + 0,007 + 13,21 % 130.083 2.096.360 29. Apr 21:58
Frankfurt IO3 EUR 0,041 0,048 + 0,007 + 17,07 % 1.082 22.545 29. Apr 19:49

[chiptrader]

EnDevCo behält TVA für nationale Mittel-Kampagne Freitag April 30, 9:30 morgens UND HOUSTON, April 30 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC Anschlagbrett: ENDE - Nachrichten) Energy Development Company, heute verkündet, daß sie TVA Produktionen, ein führendes Los Angeles-gegründetes Kommunikationen Unternehmen behalten hat, um eine umfangreiche multi-media Kampagne zu entwickeln und auszustoßen, um die Company`s Tätigkeiten im Energiesektor zu fördern. Die Mittelkampagne ist entworfen, um über 22.000 Plazierungen auf Fernsehapparat, Radio, Printmedien und Fluglinie Programmen während des Flugs zu erzeugen. REKLAMEANZEIGE Über EnDevCo EnDevCo ist eine dynamische und wachsende Energiefirma, die eine Identität herstellt, die mit seinen geschäftliche Entwicklung Tätigkeiten gleichbleibend ist. Die Firma nimmt an drei Sektoren today`s Energieindustrie teil: 1) Öl und Gaserforschung und -produktion, 2) Entwicklung der neuen Technologien, die Öl- und Gasproduktion mit dieser Technologie, Hebelkraft im Erwerb der inländischen Erdgasproduktion zu gewinnen und 3) Handelsenergie und integrierte industrielle Aufstellungsortentwicklung erhöhen. Auf der dieser Grundregel die vernünftige Anwendung von " gegründet; Zustand des art" geoscience Technologien liefert eine profunde Verringerung des Gefahr Profils, das alle Investition im Öl und Gaserforschung und -produktion begleitet, EnDevCo hat angenommen eine Haltung, die im Aussage " eingekapselt werden kann; ... Wissenschaft vor dem Bohrgerät bit." EnDevCo übt Öl- und Gaserforschung- und -produktionsgelegenheiten in den inländischen und internationalen Schauplätzen aus. Z.B. hat die Firma innen zu vier Blöcken im Golf von Mexiko, die die Gelegenheit liefern, an der Bohrung der niedrigen Gefahr teilzunehmen, Entwicklung hervorquillt bewirtschaftet. Mehrere der Blöcke sind z.Z. in der Produktion und resultierend aus vor kurzem erworbenen seismischen Daten 3D, zusätzliche niedrige Gefahr Entwicklung sind bohrengelegenheiten gekennzeichnet worden. Teilnahme an diesen Arten verhältnismäßig niedrige Gefahr und der niedrigen Kosten der Brunnen stellt nahe Bezeichnung Bargeldumlauf zur Verfügung, um die Tätigkeiten der Firma zu stützen. Zu mehr Information über EnDevCo, Besuch www.endevcoinc.com. Über TVA Produktionen TVA ist eins der führenden Mittelproduktion und -nachrichten Plazierung Syndikate in Nordamerika --- mit HD Produktion und Sendung Service, umfangreiche Verteilung und ein Spurhaltung Betriebsmittel und weltweiter Personal. Seit 1987 hat TVA die Leistung-gegründeten Mittel zur Verfügung gestellt, die Dienstleistungen, nationale und lokale Programmierung und broadcast/print-ready Nachrichten Eigenschaften für Fernsehapparat rüber 20.000, Radio und Printmedienanschlüsse anmelden. TVA`s " Bezahlung nur für Results" Dienstleistungen sind erfolgreich Fortune 500 von den Firmen, die Starts, die zu den midcaps, sowie Anzeige Agenturen, nationale Verbindungen der Fotorezeptor Unternehmen verwendet worden Mikro sind, nicht-profitieren und Regierungsagenturen weltweit. TVA Mannschaftmitglieder haben über 40 goldenem Mike, Addy, Emmy-, Clio-, Fernsehen- und Schirmherrschaftpreisen gewonnen. Zu mehr Information über TVA, Besuch www.tvaproductions

[chiptrader]

OTCBB ENDE USD 0,060 0,070 + 0,010 + 16,67 % 112.469 1.715.470 30. Apr 21:57
Frankfurt IO3 EUR 0,048 0,050 + 0,002 + 4,17 % 373 7.455 30. Apr 15:

[chiptrader]

da sollte es schon noch ein wenig platz nach oben geben im chart!

[chiptrader]

und das handelsvolumen wird auch immer besser!

[chiptrader]

http://www.endevcoinc.com/presentations/2003%20Shareholders%…

[chiptrader]

EnDevCo, Inc. - Corporate Profile

EnDevCo, Inc. a shortened version of the Energy Development Company, is a dynamic and growing energy company establishing an identity that is consistent with its business development activities. The Company`s business plan includes strategies to participate in three sectors of the energy industry:

Oil and gas exploration and production
Development of new technologies for the enhancement of oil and gas production and the utilization of that technology to gain leverage in the purchase of domestic natural gas production
Merchant power and integrated industrial site development.
EnDevCo is founded on the principle that the sensible application of "state of the art" geoscience technologies provides a profound reduction in the risk profile that accompanies all investment in oil and gas exploration and production. In pursuit of this principle, the Company has adopted an attitude that can be encapsulated in the statement "...science before the drill bit."

EnDevCo is pursuing oil and gas exploration and production opportunities in both domestic and international venues. The Company has identified four blocks in the Gulf of Mexico that will provide it with the opportunity to participate in the drilling of low risk, development wells. Several of the blocks are currently in production and as a result of recently acquired 3D seismic data, whose interpretation has been integrated with previously known geological and engineering data, additional low risk development drilling opportunities have been identified. Participation in these types of relatively low risk and low cost wells will provide near term cash flow to support the activities of the Company.

[superkarl]

Guten Morgen chip,
#64
Sehr gute Seite!
Heute wirds ja mal wieder schön aufwärts gehen.

[chiptrader]

@ karl;

würde mich freuen!


gruss chip

[chiptrader]

und es geht weiter!

[superkarl]

Mal schauen, wieviel %%%%%%%%%%%%%%%
es heute Abend um 22:00 Uhr sind?

[chiptrader]

dürfen auf keinen fall unter 10%+ sein!

[chiptrader]

schau mal nach 917679 karl!

da fehlt nur noch das volumen!

dann haben wir´s!

[superkarl]

Hab gerade einen Fehler im System und kann daher
nicht genau sagen, in welche Richtung es geht.
So eine Sch.....
Daher halte ich mich Heute etwas zurück, zumindest,
bis alles wieder funktioniert.

[superkarl]

Aber so wie es gerade aussieht, wie immer nach Oben

[chiptrader]

volumen ist aber recht gut heute!

wenn man mal überlegt was da vor nen paar wochen ging!

[chiptrader]

mein tip sk 0.075!

[chiptrader]

na war mein tip gar nicht so schlecht!

[superkarl]

@chip
war wirklich gut.
Also mein Tip für Heute lautet: 0,079
Nächste Woche über 0,10

[chiptrader]

mein heutiger tip 0.082

und ein hohes handelsvolumen!

[chiptrader]

na mein tip könnte noch klappen!

[chiptrader]

volumen wird langsamm richtig gut!

[chiptrader]

mich wunderts echt das sich niemand für diese aktie interessiert!

ausser mir und dir karle!

[superkarl]

Zwei neue Millionäre in einem halben Jahr,
reichen ja auch.

[superkarl]

Meine 0,079 sind erreicht,
es wird doch nicht mehr werden ?

[chiptrader]

lassen wir uns mal überraschen aber eins ist fast sicher nächste woche sind die 10 cents dran ob sie wollen oder nicht!

[chiptrader]

hier sieht man schön wie die letzten hochs getestet werden und denke mal gebrochen!

[chiptrader]

fängt ja schon mal gut an heute kurs und volumen passen!

[chiptrader]

17k in usa nach 5 min. gehandelt!


mal schauen was heute passiert knacken wir heute vielleicht die 10 cents!

[chiptrader]

80k! wird ja immer besser!

[chiptrader]

so noch ein zwei wochen und wir können unsere party steigen lassen karle!

[chiptrader]

ist mir echt ein rätsel!

bei jedem scheis otc wert treiben sich jede menge zocker rum und hier wo´s hoch geht und man geld machen kann ist keine sau!

soll´s einer verstehen!

[chiptrader]

würd ja durch drehen wenn wir heute noch die 10cents packen!

[chiptrader]

ich weis ich nerv ist aber so schön!

[chiptrader]

EnDevCo verkündet Farmin zum Eugene Insel-Block 294 Montag Mai 10, 9:30 morgens UND HOUSTON, Mai 10 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC Anschlagbrett: ENDE - Nachrichten), Energy Development Company, heute verkündete Details von einer farmin Vereinbarung für Eugene Insel-Block 294. Die Produktion Plattform z.Z. produziert ungefähr 11 Million Kubikfuß Gas pro Tag und sitzt in 205 Fuß Wasser, mit aller notwendigen Infrastruktur im Platz, um irgendein erhöhtes Gasvolumen zu stützen, resultierend aus der Bohrung der neuen Brunnen. REKLAMEANZEIGE Das farmin erlaubt EnDevCo das Recht, teilzunehmen, an, drei niedrige Gefahr Brunnen zu bohren, um einen geschätzten Bcf 16.2 der neuen Gasreserven zu produzieren, die mit vor kurzem erworbenen seismischen Daten 3D abgebildet worden sind. " Alle Aussichten sind über 6.000 Fuß und stellen hoher Umfang helle Punkte auf den seismischen Daten, die von der Gassättigung an diesen Tiefen im Golf von Mexiko hinweisend ist, " aus; angegebener Dick Boyce, funktionierender Hauptoffizier von EnDevCo. " Zusätzlich werden die meisten Bezahlung Sanden bereits durch vorher gebohrte Brunnen nachgewiesen. Diese sind niedrige Gefahr Aussichten, die Bargeldumlauf herstellen und anfangen, eine Reserveunterseite auf unserer Bilanz zu errichten, " addiertes Chris A. Dittmar, EnDevCo`s CEO. EnDevCo erwirbt einem 72% Reineinnahmeinteresse, bevor Projektsubvention entwarf, indem sie 100% aller Kosten zum Bohrgerät und drei (3) Brunnen durchzuführen finanzierte, den geschätzten Bcf 16.2 der Gasreserven zu produzieren. Nach Projektsubvention behält EnDevCo ein 50% Arbeitsinteresse und ein Interesse der Reineinnahme 37.5%. Geschätzte Kosten des bohrenprogramms sind $7.3 Million Dollar mit Arbeit über das Projekt, zum sofort nach der Finanzierung durch EnDevCo zu beginnen. Alle wohle Positionen können von der Plattform erreicht werden und werden vorhandene Produktionsanlagen verwenden. Die ökonomischen Projektionen, die einen Gaspreis von $5.00/mcf verwenden, hielten Konstante über dem Fünfjahresleben des Projektes anzeigen, daß der diskontierte Kapitalwert (PV10) dieser Reserven $19 Million für EnDevCo`s Interesse wertSIND. Dieses Pressekommuniquã© schließt bestimmtes " ein; Vorwärts-Schauen von von statements" . Die Vorwärts-schauenden Aussagen reflektieren den Glauben, die Erwartungen, die Zielsetzungen und die Ziele von EnDevCo, Inc. Management in Bezug auf zukünftige Fälle und finanzielle Leistung. Sie basieren auf Annahmen und Schätzungen, die zu der Zeit geglaubtes angemessenes sind, solche Aussagen werden gebildet. Jedoch konnten tatsächliche Resultate von vorweggenommenen Resultaten materiell sich unterscheiden. Wichtige Faktoren, die tatsächliche Resultate auswirken können, schließen ein, aber werden nicht auf Rohstoffpreise, politische Entwicklungen, richterliche Entscheidungen, Markt und Wirtschaftslage, Industriekonkurrenz, das Wetter, Änderungen in den Geldmärkten und ändernde Gesetzgebung und Regelungen begrenzt. Die Vorwärts-schauenden Aussagen, die in diesem Report enthalten werden, sollen für die sicheren Hafenbestimmungen des Abschnitts 21E der Aktien und der Austausch-Tat von 1934 qualifizieren, wie geändert. EnDevCo, Inc., Energy Development Company, ist eine dynamische und wachsende Energiefirma, die eine Identität herstellt, die mit seinen geschäftliche Entwicklung Tätigkeiten gleichbleibend ist. Die Firma nimmt an drei Sektoren today`s Energieindustrie teil: 1) Öl und Gaserforschung und -produktion, 2) Entwicklung der neuen Technologien, die Öl- und Gasproduktion mit dieser Technologie, Hebelkraft im Erwerb der inländischen Erdgasproduktion zu gewinnen und 3) Handelsenergie und integrierte industrielle Aufstellungsortentwicklung erhöhen. EnDevCo behält Büros in Houston und in Dallas, Texas bei. Zu mehr Information über EnDevCo Besuch www.endevcoinc.com.

[superkarl]

@chip
das will doch keiner wissen, kein Mensch will ENDEVCO haben, also spar Dir die Mühe, lehn Dich zurück
und träum mal schon.

[megadax]

@chip und superkarl
ich darf kurz Euer Zwiegespräch unterbrechen und Euch mitteilen, daß ich mich hiermit als weiterer Endevco-Fan und Anteilseigner oute. Habe leider sehr wenig Zeit zum posten, schau ab und an mal rein um ein paar Information wie #93 zu bekommen. Wäre also schön, wenn Informationen in diesen Thread gestellt werden.
Endevco könnte `ne echte Perle werden.
Superkarl, wie bist Du darauf gekommen ?

Gruß Megadax

[chiptrader]

hallo megadax,

jeder neue ist hier gerne gesehen!

hast dir schon mal die internet seite von endevco angeschaut?

http://www.endevcoinc.com/



gruss chip

[chiptrader]

und das mit der perle will ich doch schwer hoffen!

[megadax]

Moin chip,

die Internetseite habe ich mir noch nicht angeschaut, werde dies sicherlich in den nächten Tagen tun.
Endevco muß `ne Perle werden, nach meinen Antisoma- und
USXP-Fiasken.

Aber, no risk no fun, also auf ein neues.
Einen erfolgreichen Tag allen Endevcern.

mega

[superkarl]

Also bitte nicht untertreiben!
ENDEVCO ist keine Perle, sondern ein roher Diamant
der nur noch geschliffen werden muss.
Aber wir sind auf dem besten Weg.

[chiptrader]

weis nicht ob wir die 10cents heute in usa packen!

aber bin mir fast sicher das wir sie mindestens mal ankratzen heute auf tages hoch!


chip

[chiptrader]

was meinst karl wo stehen wir ende der woche?

0.15!

[dutt]

........0,19

[superkarl]

@chip

ja bin ich den Hellseher?

[superkarl]

ok, zwischen 0,15 und 0,19

[chiptrader]

handelsvolumen wird echt von tag zu tag besser!

glaube die tage wo 10t $ gehandelt werden sind vorbei!

[chiptrader]

na war doch nen guter tag heute für endevco!

[megadax]

@all
habe mir heute die Homepage von Endevco angeschaut. Leider
konnte ich die Zahlen für das Jahr 2003 nicht öffnen. Habt ihr `ne Möglichkeit an die Zahlen ranzukommen?
Wie sieht es mit dem QI04 aus ?
Schätze, daß ich ganz schön nerve, aber vielleicht könnt ihr mir ein wenig laufen beibringen.
Ansonsten geiler Endevco-Tag. In D scheint das Ding wirklich noch ziemlich unbekannt.

Euch einen schönen Abend

mega

[chiptrader]

ja scheint so wird sich aber noch ändrn!

gruss chip

[chiptrader]

10-Q 1 filed10q-093003.htm FORM 10Q PERIOD ENDING SEPTEMBER 30, 2003
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 10-QSB

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED SEPTEMBER 30, 2003.


OR


[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

COMMISSION FILE NUMBER 000-10056
ENDEVCO, INC.
(Exact name of registrant as specified in its charter)


Texas 74-2142545
(State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.




2425 Fountainview, Suite 215, Houston, TX 77057
(Address of principal executive offices, including zip code)


[phone]
(Registrant`s telephone number, including area code)


Securities registered under Section 12(b) of the Exchange Act:
None


Securities registered pursuant to 12(g) of the Exchange Act:
Common Stock, no par value

The aggregate market value of common stock held by non-affiliates of the registrant at September 30, 2003, based upon the last closing price on the OTCBB on September 30, 2003, was $1,500,000. As of September 30, 2003, there were 150,000,000 shares of Common stock and 2,671,785 shares of Preferred stock outstanding. The total number of Common shares authorized for the Corporation is 500,000,000. The total number of Preferred shares authorized for the Corporation is 5,000,000.
Transitional Small Business Disclosure Format: [ ] Yes [X] No



--------------------------------------------------------------------------------

ENDEVCO, INC.
AND SUBSIDIARIES


TABLE OF CONTENTS
SEPTEMBER 30, 2003



PART I - FINANCIAL INFORMATION
ITEM 1. Financial Statements.

Consolidated Balance Sheets - September 30, 2003 (Unaudited) and December 31, 2002 (Restated)
2


Consolidated Statements of Operations (Unaudited) - Three and Nine Months Ended September 30, 2003 and 2002
3


Consolidated Statements of Cash Flows (Unaudited) - Nine Months Ended September 30, 2003 and 2002
4


Notes to Consolidated Financial Statements (Unaudited)
5 - 10

ITEM 2. Management`s Discussion and Analysis of Financial Condition and Results of Operations 11 - 14
ITEM 3. Controls and Procedures


14
PART II - OTHER INFORMATION
ITEM 1 through ITEM 6
14 - 16

SIGNATURES & CERTIFICATIONS 17 - 20







1


--------------------------------------------------------------------------------

PART I - FINANCIAL INFORMATION

EnDevCo, Inc. and Subsidiaries
Consolidated Balance Sheets
September 30, 2003 Compared to December 31, 2002


09/30/2003 12/31/2002
ASSETS (Unaudited) RESTATED
Current Assets
Cash and Cash Equivalents
$ 458 $ 251
Accounts Receivable
527,080 527,080
Other Current Assets
25,000 25,000
Prepaid Expenses 1,651,865 1,628,215
Total Current Assets 2,204,403 2,180,546
Investments
Letter of Credit Deposit
704,863 867,094
Property and Equipment
Oil and Gas Properties and Equipment
1,000,000 4,368,377
Furniture and Equipment
- -
Total Property and Equipment - 4,368,377
Less Accumulated Depreciation
- -
Net Property and Equipment - 4,368,377
Total Assets $3,909,266 $7,416,017

LIABILITIES AND SHAREHOLDER`S EQUITY
Current Liabilities
Accounts Payable
$ 2,079,222 $ 2,592,494
Joint Venture Cash Calls Payable - 2,321,441
Current Portion of Notes Payable
281,458 425,886
Current Portion of Capital Leases
- -
Unearned Revenue
2,000,000 2,000,000
Accrued Expenses 18,999 64,262
Taxes Payable
160,501 160,501
Total Current Liabilities 4,540,180 7,564,584
Shareholders Equity
Common Stock No Par Value: 150,000,000 shares authorized

150,000,000 shares outstanding at September 30, 2003 33,228,461 33,228,461
Preferred Stock: 5,000,000 shares authorized,
2,671,785 shares outstanding at September 30, 2003 2,671,785 -
Accumulated Deficit
(36,531,160) (33,377,029)
Total Shareholder`s Equity (1,630,914) (148,568)
Total Liablilities and Shareholder`s Equity $ 3,909,266 $ 7,416,017


See accompanying notes to consolidated financial statements.

2


--------------------------------------------------------------------------------

EnDevCo, Inc. and Subsidiaries
Consolidated Statements of Operations
For the Three and Nine Months Ended September 30, 2003 and 2002.
(Unaudited)




Three Months Three Months Nine Months Nine Months
Ending Ending Ending Ending
09/30/2003
09/30/2002 09/30/2003 09/30/2002
Revenues
Oil & Gas Royalties - - $ 499 -
Technical Services
- - - -
Consulting Fees and Other
- - 40,000 -
Administrative and Other Fees
- - -
Total Revenues - - 40,499 -

Costs and Expenses
General and Administrative
$ 25,751 $2,527,921 117,382 $ 3,321,766
Salaries and Wages Paid in Stock
27,500 - 72,500 187,667
Other Expenses Paid in Stock
- - 27,923
Yemen Block 20 Judgment (Expense Portion) - - 2,134,212
Impairment Loss on Assets - - 4,368,377
Depreciation and Depletion
40,000 - 120,000
Interest Expense
6,333 4,218 18,999 16,828
Other
- - -
Total Costs and Expenses 59,584 2,572,139 6,711,470 3,674,184
Other Income and Expenses
Interest and Other Income 4,456,678 2,581 4,460,050 13,640
Prior Period Adjustment 64,262 64,262
Other Expense (Preferred Shares Issued) (73,003) - (1,007,472) -
Net Income (Loss) $ 4,388,353 $ (2,569,558) $ (3,154,131) $ (3,660,544)
Net Loss Per Common Share:
Basic and Diluted
$ 0.03 $ (0.02) $ (0.02) $ (0.02)





See accompanying notes to consolidated financial statements.

3


--------------------------------------------------------------------------------



EnDevCo, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
Nine Months Ended September 30, 2003 and 2002
(Unaudited)

Cash Fows from Operating Activity 09/30/2003 09/30/2002
Net Income (Loss) $ (3,154,131) $ (3,660,544)
Adjustments to Reconcile Net Loss to Net Cash
Depreciation and Depletion
- 120,000
Issuance of Stock for Expenses
1,671,785 215,590
Impairment Loss on Assets
4,368,377 1,119,526
Changes in Working Capital Accounts
Decrease in Accounts Receivable
-
Prepaid Expenses
(23,650)
Decrease in Current Portion of Capitalized Leases
- 203,429
Accounts Payable (513,272) 2,069,632
Joint Venture Cash Calls (2,321,441)
Accrued Expenses (45,263)
Taxes Payable
- 110,821
Other
- (181,981)
Total Adjustments
3,136,536 3,657,017
Net Cash Provided (Used) by Operating Account
(17,595) 3,527

Cash Flows Used in Investing Activities
Investment in Oil and Gas Properties
-
Purchase of Furniture and Equipment
- -
Net Cas Provided (Used) by Investing Activities
- -
Cash Flows from Financing Activities
Pledged Investment Account
162,231 -
Common Shares Issued for Cash
- 776,462
Accelerated Leases
- (741,788)
Borrowings under Note and Credit Agreement
(144,428) (17,397)
Net Cash Provided by Financing Activities 17,803 17,277
Net Change in Cash and Cash Equivalents 207 13,750
Cash and Cash Equivalents
Beginning of the Period
251 (12,204)
End of the Period
458 1,546


See accompanying notes to consolidated financial statements.

4


--------------------------------------------------------------------------------

ENDEVCO, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements September 30, 2003


NOTE 1 Summary of Significant Accounting Policies

Basis of Presentation -- EnDevco, Inc. (formerly Adair International Oil and Gas, Inc.) was incorporated under the laws of the state of Texas on November 7, 1980. The consolidated financial statements include the accounts of Adair International Oil and Gas, Inc. and its wholly owned subsidiaries, Adair Exploration, Inc., Adair Yemen Exploration Limited, Superior Stock Transfer, Inc., and Adair Colombia Oil and Gas, S.A. ("the Company") All material inter-Company balances and transactions have been eliminated, as necessary, in consolidation.

In the opinion of management, the accompanying unaudited interim consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at September 30, 2003, and the results of their operations for the three and nine months ended September 30, 2003 and 2002, and their cash flows for the nine months ended September 30, 2003 and 2002.

Cash and cash equivalents -- The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Oil and Gas Properties -- The Company follows the full cost method of accounting for its oil and gas properties. Accordingly, all costs associated with acquisition, exploration and development of oil and gas reserves, including directly related overhead costs, are capitalized. All capitalized costs of oil and gas properties, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves. Investments in unproved properties and major development projects are not amortized until impairment occurs. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is deducted from the capitalized costs to be amortized, and recorded in an impairment expense.

In addition, the capitalized costs are subject to a "ceiling test" which limits such costs to the aggregate of the "estimated present value" discounted at a 10-percent interest rate of future net revenues from proved reserves, based on current economic and operating conditions, plus the lower of cost or fair market value of unproved properties. Depletion of oil and gas properties is computed using all capitalized costs and estimated future development and abandonment costs, exclusive of oil and gas properties not yet evaluated, on a unit of production method based on estimated proved reserves.

Property and equipment -- The cost of other categories of property and equipment are capitalized at cost and depreciated using the "straight-line" method over their estimated useful lives for financial statement purposes as follows: Furniture / office equipment - 7 years; Computer software / equipment 5 - years.

No depreciation and amortization was expensed for the year ending December 31, 2002 due to a loss incurred from the abandonment of property and equipment during the year.

Long-Lived Assets -- Statement of Financial Accounting Standards No. 121 "Accounting for Impairment of Long-Lived Assets to be "Disposed Of " requires, among other things, impairment loss of assets to be held and gains or losses from assets that are expected to be disposed of be included as a component of income from continuing operations before taxes on income.

Income Taxes -- The Company accounts for income taxes pursuant to the asset and liability method of computing deferred income taxes. Deferred tax assets and liabilities are established for the temporary differences between the financial reporting bases and the tax bases of the Company`s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. When necessary, valuation allowances are established to reduce deferred tax assets to the amount expected to be realized. No provision is made for current or deferred income taxes because the Company has an excess net operating loss carry-forward.

Earnings Per Share -- Basic earnings per share are computed by dividing earnings (loss) by the weighted average number of common shares outstanding adjusted for conversion of common stock equivalents, where applicable, outstanding during the period. The Company had no stock options or other common stock equivalents outstanding as of December 31, 2002 or for the year then ended.

Use of Estimates -- Management uses estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.

5


--------------------------------------------------------------------------------

ENDEVCO, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements September 30, 2003


NOTE 1. Summary of Significant Accounting Policies (cont.)

Impairment of Long-Lived Assets -- The Company follows SFAS No. 144, "Accounting for Impairment or Disposal of Long-Lived Assets" for the fiscal year ended December 31, 2002. The Statement requires that an impairment loss be recognized when the carrying value of long lived assets (asset group) exceeds its fair value for long-lived assets, liabilities and certain identifiable intangibles to be held and used by an entity be reviewed for impairment whenever events of changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

Under SFAS No 144, the Company considered long-lived assets consisting primarily of oil and gas leases and geophysical data. The assets not covered by SFAS 144 that are included in an asset group are adjusted in accordance with other applicable accounting standards prior to testing the asset group for recoverability. The recoverability of long-lived assets is evaluated at the operating unit level by an analysis of operating results and consideration of other significant events or changes in the business environment. If an operating unit has indications of impairment, such as current operating losses, the Company will evaluate whether impairment exists on the basis of undiscounted expected future cash flows from operations before interest for the remaining amortization period. If impairment exists, the carrying amount of the long-lived assets is reduced to its estimated fair value.

In August 2001, the FASB issued Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets" which addresses financial accounting and reporting for the impairment or disposal of long-lived assets and supersedes SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets and Long-Lived Assets to be Disposed Of", and the accounting and reporting provisions of APB Opinion No. 30, "Reporting the Results of Operations for a Disposal of a Segment of a Business". The Company was required to adopt SFAS 144 in the first quarter of 2002 and the Company does not expect the adoption of SFAS 144 to have a material effect on the Company`s financial statements. The asset groups not covered by SFAS 144 that are included in an asset group are adjusted in accordance with other applicable accounting standards prior to testing the asset group for recoverability. The Company has categorized all of its long-lived assets as being held and used and not to be sold.

In August 2001, the FASB issued SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets". SFAS No. 144 addresses financial accounting and reporting for the impairment or disposal of long-lived assets. It supersedes SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets To Be Disposed Of", and the accounting and reporting provisions of Accounting Principles Board Statement ("APB") 30, "Reporting the Results of Operations - Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions", for the disposal of a segment of a business. The Company is required to adopt SFAS No. 144 on October 1, 2002. The Company does not expect that the adoption of SFAS No. 144 will have a material effect on its financial position, results of operations or cash flows.

In April 2002, the FASB issued SFAS No. 145, "Rescission of FASB Statements No. 44 and 64, Amendment of FASB Statement No. 13, and Technical Corrections". SFAS No. 145 requires the classification of gains and losses from extinguishments of debt as extraordinary items only if they meet certain criteria for such classification in APB No. 30, "Reporting the Results of Operations, Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual, and Infrequently Occurring Events and Transactions". Any gain or loss on extinguishments of debt classified as an extraordinary item in prior periods that does not meet the criteria must be reclassified to other income or expense. These provisions are effective for fiscal years beginning after May 15, 2002. Additionally, SFAS No. 145 requires sale-leaseback accounting for certain lease modifications that have economic effects similar to sale-leaseback transactions. These lease provisions are effective for transactions occurring after May 15, 2002. The Company does not expect the adoption of SFAS No. 145 to have a material effect on its financial position, results of operations or cash flows.

In July 2002, the FASB issued SFAS No. 146 "Accounting for Costs Associated with Exit or Disposal Activities". SFAS No. 146 replaces Emerging Issues Task Force Issue No. 94-3, "Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring)". SFAS No. 146 requires companies to recognize costs associated with exit or disposal activities when they are incurred rather than at the date of a commitment to an exit or disposal plan. Examples of costs covered by the standard include lease termination costs and certain employee severance costs that are associated with a restructuring, discontinued operation, plant closing, or other exit or disposal activity. SFAS No. 146 is to be applied prospectively to exit or disposal activities initiated after December 31, 2002. The Company does not expect the adoption of SFAS No. 146 to have a material effect on its financial position, results of operations or cash flows.

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ENDEVCO, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements September 30, 2003


NOTE 2. Oil and Gas Properties


Colombia - At December 31, 2001, the Company`s Chimichagua gas field contained proven non-producing gas reserves as described in the Note titled, "Supplemental Oil and Gas Disclosures" and filed with the SEC on Form 10K/SB of that year. This prospect has a cost basis of $3,000,000 and was purchased in fiscal 1997 by issuing 6,000,000 common shares valued at $0.50 per share.

The Company has investigated several options for the Colombia investment. One option involved the Company supplying gas to fuel a power plant providing revenues under a long-term gas purchase contract. Realization of the value of reserves would have been contingent upon the Company concluding an agreement to construct a power plant utilizing gas from the field. Another option involved selling the Company`s interest in Colombia for cash, trade or other consideration.

It is the assessment of the executive management of the Company that none of these options can be realized considering the political climate in Colombia. Therefore an impairment loss in the amount of $3,000,000 has already been recognized for this asset during the year ended December 31, 2002.

The Company has obtained an option to be carried in a 2-D seismic program and to participate in an association contract from Ecopetrol, S.A. on a joint venture basis once the seismic has been acquired, processed and interpreted.

Yemen - The Company`s interest in the Republic of Yemen consisted of a 30% working interest in Sabatain Block 20. The project was exploratory in nature with no proved reserves or production established. Adair Yemen was designated as the original exploration operator for the contractor group. In the event of a commercial discovery, existing pipelines and production infrastructure were planned to be utilized to allow for early production exports and timely cash flow. As of the balance sheet date, the Company has received an unfavorable final judgment and notice of award from the International Court of Arbitration relating to the Company`s default of the Joint Operating Agreement. This unfavorable ruling will result in the Company losing an asset valued in the hundreds of million of dollars.


NOTE 3 - Industrial Free Trade Zone (IFTZ), Republic of Congo
The Company signed a contract with the Republic of Congo in 2001 to develop an Industrial Free Trade Zone ("IFTZ"). The original premise of the concept for development of the IFTZ would be fueled by utilizing "associated" natural gas that is currently being flared offshore of the Republic of Congo. The natural gas could be converted to electrical power, which is the first step to industrial development. West African countries desperately need industrial products to support economic development. Most have been importing these products from Europe and the United States. It is envisioned that many of these products, including cement, fertilizers, plastics, manufactured steel and wood products and other industrial products could be produced in the IFTZ.

The Industrial Free Trade Zone contract for $5 million USD provided for initial funding of $2 million USD to conduct a feasibility study of gas utilization for the IFTZ. An additional amount payable under the contract, of up to $3 million USD is scheduled to be received by the Company upon the signed commitment of each new industrial partner that commits to develop an industrial sector in the IFTZ. Payments are to be made to the Company by the Republic of Congo at the rate of $500,000 per industrial sector commitment if and when the Company successfully receives a signed commitment from a new industrial partner. The contract was signed by President Denis Sassou-Nguesso of the Republic of Congo and confirmed by the U.S. Ambassador to the Congo. During 2002, the Company received initial funding in the amount of $1,472,920 and entered into a contract with a consulting services company to provide the technical and administrative employees and equipment necessary to perform the aforementioned study for a turnkey lump sum amount of $1,750,000. The Company has paid the consulting services company an amount of $1,496,500 to date.


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ENDEVCO, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements September 30, 2003



NOTE 4. Non-monetary Stock Transactions

Included in the Company`s consolidated statement of operations for the nine month periods ended September 30, 2003 and 2002, were expenses that were paid with Company stock. Stock issued in lieu of cash is summarized as follows for the nine month periods ended September 30, 2003 and 2002:


2003 2002
Nature of Transaction Pref Shares Amount Shares Amount
Salaries 72,500 $ 72,500 5,553,594 $187,667
Other Costs and Expenses 1,000,000 1,000,000 558,086 27,923
Previously Incurred Costs & Expenses 1,599,285 1,599,285 - -
Total 2,671,785 $ 2,671,785 6,111,680 $ 215,590

NOTE 5. Revenues

During the first nine months of 2003 the Company received consulting fees of $40,000 and royalty income of $499.

NOTE 6. Commitments and Contingencies

Legal Proceedings for the Period Ending September 30, 2003

Occidental Yemen Sabtain, Inc. and Saba Yemen Oil Company Ltd. v. Adair Yemen Exploration, Ltd. - Adair Yemen Exploration, Ltd. is a wholly owned subsidiary of the Company. It was named as the Respondent in the matter of Occidental Yemen Sabatain, Inc. ("Occidental") and Saba Yemen Oil Company Ltd. ("Saba") v. Adair Yemen Exploration, Ltd. ("Adair Yemen") in a Request for Arbitration filed with the International Chamber of Commerce in Paris, France on July 10, 2001. The Claimants, Occidental and Saba assert that Adair Yemen breached various agreements to which Occidental, Saba and Adair Yemen are parties and are requesting that Adair Yemen forfeit and reassign its 30% working interest in the project to Occidental and Saba.

Adair Yemen has been notified by the ICC International Court of Arbitration that the Final Award in the matter brought before the Tribunal (ICC Arbitration No. 11663/ESR/MS) by Occidental Yemen Sabatain, Inc. and Saba Yemen Oil Company Limited ("Claimants") v. Adair Yemen Exploration Limited ("Respondent") has been decided in favor of the Claimants.


The Final Award ("Award") requires AYEL to assign all of it rights concerning it`s 30% Working Interest in the Yemen Block 20 Production Sharing Agreement to Occidental Yemen Sabatain, Inc. Additionally the Award directs AYEL to pay Claimants the following amounts:

Category Amount USD
Unpaid Cash Calls $2,841,108
Accrued Interest on Unpaid Cash Calls* $ 78,445
Damages $ 111,255
Court Costs $ 250,000
Claimants Legal Expenses $1,174,845
_________
Total $4,455,653

*Respondent is ordered to pay interest at a rate of 3.338%, compounded monthly, from 16 March 2003 to the date of payment by it to the Claimants.

This unfavorable ruling resulted in the Company losing an asset valued in the hundreds of million of dollars and having an obligation to pay $4,455,653 in unpaid cash calls, interest, actual damages, Court costs and Claimant`s legal expenses. Consequently, the Company`s managment negotiated a settlement agreement with Occidental, whereby the Company is no longer obligated and will not have to pay the aforementioned costs in exchange for it`s support in assigning it`s 30% working interest to Occidental.

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ENDEVCO, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements September 30, 2003



NOTE 6. Commitments and Contingencies (cont.)

Adair International Oil & Gas, Inc. vs. John W. Adair, Jalal Alghani and Vivian Quintero vs. Adair International Oil & Gas, Inc., etal - Cause No. 2001-63909, 55th District Court, Harris County, Texas. The Company`s claims in the suit against John W. Adair ("Adair"), Jalal Alghani ("Alghani") and Vivian Llerena Quintero ("Quintero") involve allegations of fraud, conspiracy and breach of fiduciary duties owed to the Company by Mr. Adair and Mr. Alghani while they were officers and directors of the Company prior to their removal from the AIGI Board of Directors at the Company`s annual shareholders meeting on August 5, 2002. The Company`s claims in the suit against Ms. Quintero involve allegations of fraud, conspiracy and breach of fiduciary duties while she was the Company`s office manager and personal assistant to Mr. Adair when he was Chairman and CEO of the Company.

After the Company`s claims were filed in the suit, Mr. Adair, Mr. Alghani and Ms. Quintero filed "counter claims" against the Company on November 9, 2002 alleging standing to sue as shareholders of the Company. Mr. Adair, Mr. Alghani and Ms. Quintero also filed the above described "counter claims" against Richard G. Boyce, Larry Swift, Gene Ackerman, David Crandall, Chris A. Dittmar, John A. Brush, Charles R. Close, and Shareholders Committed to Restoring Equity Group, Inc. ("SCORE").

The Company subsequently filed a motion for summary judgment on April 29 and the Court on July 11 and again by clarified its ruling on September 23, 2003, ordered the Company`s motion for summary judgment be granted as to all claims in Defendant`s / Counter Plaintiff`s second amended petition, including the claim of conspiracy to commit defamation, with the exception of the common law defamation claim against the Company, SCORE and Mr. Boyce. The Company has denied the allegation and the Board of Directors has determined it is the best interest of the Company to assume the defense of SCORE and Mr. Boyce and to indemnify same in its defense of this sole remaining allegation filed by Mr. Adair, Mr. Alghani and Ms. Quintero.

The Company on August 23 and September 4, 2003 filed an amended petition adding the additional Defendants Chase Mellon Shareholder Services, Inc., Mellon Investor Services, LLC, U.S. Stock Transfer Corporation, Union Securites, Ltd., Merrill, Lynch, Pierce, Fenner & Smith, Inc., Tatiana Roa, Braden, Bennick, Goldstein, Gazaway, & Co., Jack Sisk & Co, Jackson & Rhodes, P.C., John W. Adair, Jalal Alghani and Vivian Llerena Quintero and their co-conspirators, jointly and severally, and in favor of Adair International Oil & Gas, Inc. for the sum of up to five hundred million dollars ($ 500,000,000) in actual damages and punitive damages against each of said Defendants as assessed by the jury and for such other and further relief to which AIGI may show to be justly entitled.

Although some discovery in this case was secured before the change of control of the Company occurred as a result of the Annual Shareholders Meeting on August 5, 2002, there has been no further formal discovery to date other than the Company and Mr. Boyce`s responses to requested discovery. The Company will continue to vigorously pursue this complex case.

The Company is a party to various claims and litigation. Although no assurances can be given, the Company believes, based on its experience to date, that the ultimate resolution of such items, individually or in the aggregate, could have a material adverse impact on the Company`s financial position or results of operations.

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ENDEVCO, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements September 30, 2003



NOTE 6. Commitments and Contingencies (cont.)

Lease Commitments

Historically the Company has leased property and equipment under various operating leases. Aggregate minimum lease payments under existing non-capitalized long-term leases are estimated to be $220,867, $221,331, $200,031, and $127,075 for the years 2003 - 2006, respectively. During 2002, the Company`s new management canceled the leases and the Company continues to pursue negotiated settlements of any claims resulting from these leases.

Concentrations

The Company maintains a cash balance at a financial institution. At certain times, the Company`s cash balances exceed the federally insured amounts. The Company has not experienced losses relating to its cash.

NOTE 7. Preferred Shares

The Company purchased an option to participate with Argosy Energy International, in 101 kilometers of newly-acquired 2D seismic, and a continuing option to participate on a joint venture basis in wells to be drilled after seismic processing and interpretation on their Rio Magdelena Association Contract comprising 58,546 hectares (144,600 acres) situated in the Upper Magdelena River region. The option was purchased on September 25, 2003 and the price was $1,000,000 USD paid in preferred shares.

NOTE 8. Going Concern

The Company`s financial statements are prepared using generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other material assets, and is in default of its office leases, which raises substantial doubt about its ability to continue as a going concern.

NOTE 9. Notes Payable

The Company is currently in default on a note payable in the amount of $281,458 as of September 30, 2003. The Company has negotiated a settlement agreement with the debtor.

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ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

ITEM 2. MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This report, including Management`s Discussion and Analysis of Financial Condition and Results of Operations, includes certain forward-looking statements. The forward-looking statements reflect the Company`s expectations, objectives and goals with respect to future events and financial performance. They are based on assumptions and estimates, which the Company believes are reasonable. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to, commodity prices, political developments, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. The notes to Consolidated Financial Statements sections contain information that is pertinent to the following analysis.

GENERAL COMMENTS ON BUSINESS PLAN - EnDevCo, Inc. --- Energy and Development

The Board of Directors have passed a unaminous resolution to change the name of the Corporation to become EnDevCo, Inc. The shareholders approved the name change at the Annual Meeting held on September 12, 2003. The new ticker symbol is "ENDE".

EnDevCo, Inc., a shortened version of the Energy and Development Company, establishes an identity that is consistent with the business development activities currently underway to revitalize the Corporation. The Company is involved in several energy related development projects that transcend the traditional business scope of oil and gas exploration and production. These activities include the possible development of an industrial free trade zone in the Republic of Congo that includes aspects of traditional offshore natural gas drilling and production, natural gas storage, oil and condensate production for export, LPG production and bottling, large scale electrical power generation and development and administration of an industrial park that includes a wide variety of possible industrial plants and services. Additionally, the Company is investigating investment in the development of new technologies for the enhancement of oil and gas production, utilizing that technology to gain leverage in the purchase of domestic natural gas production. The Company intends to pursue the development of natural gas fired power plants both in domestic and international venues.

This new corporate identity and our wide variety of activities is better described to new investors as the Energy and Development Company, EnDevCo, Inc.

Power Development

The Company intends to pursue the development of power projects in both domestic and international venues. As a result of the downturn in the world economy and in the wake of severe financial results of most sectors of the power industry in the United States, the business model for this industry is currently undergoing a transformation. The Company is currently monitoring several new opportunities and has identified qualified individuals that will be hired at an appropriate time to identify and pursue power development projects. The Company continues to believe that the long-term need for new power plants will be significant, particularly as the national economy recovers and older, less efficient generating assets need to be replaced. Currently, the Company does not anticipate any near term positive economic impact from this sector of our business.

Industrial Free Trade Zone (IFTZ), Republic of Congo -

The Company is currently conducting a "Feasibility Study for Gas Utilization for the IFTZ" (NOTE 3 to the Financial Statements). Elements of this feasibility study relate to the development of a large natural gas fired power plant to provide electricity for the development of industrial users in the IFTZ. While this study is not yet complete and the overall scope and economic feasibility of this project is not yet demonstrated, if the project is utimately deemed commercial and is acceptable to the government of the Republic of Congo, the Company will pursue development of this power plant in conjunction with other aspects of the IFTZ project.

Oil and Gas Exploration and Development

The Company`s management has been working diligently to identify several oil and gas exploration and development opportunities in the Gulf of Mexico, Gulf of Guinea and on shore North and South America.

Energy Technology Development

Development and implementation of new energy technologies will become a key area of new business focus for the Company. The identification of and early participation in the implementation of these types of technologies opens several avenues for potential revenue generation and profits. In some instances, the technology can be manufactured and sold to end users once the market accepts the technology. In other instances, the technology might provide a unique competitive advantage which can be succesfully leveraged by the Company in the acquisition and development of existing energy projects. Initially, the Company will limit its scope of investigation to those technologies that directly compliment the oil and gas, and power industries.

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ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

ITEM 2. MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (cont.)

RESULTS OF OPERATIONS

This report, including Management`s Discussion and Analysis of Financial Condition and Results of Operations, includes certain forward-looking statements. The forward-looking statements reflect the Company`s expectations, objectives and goals with respect to future events and financial performance. They are based on assumptions and estimates, which the Company believes are reasonable. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to, commodity prices, political developments, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. The notes to Consolidated Financial Statements sections contain information that is pertinent to the following analysis.

NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO NINE MONTHS ENDED SEPTEMBER 30, 2002

Revenues -During the period reported, Revenues increased from zero to $40,499.

This increase is due to consulting fees and the proper accounting treatment of royalty income.
Costs and Expenses -During the period reported, Expenses increased from $3,674,184 to $6,711,470, an increase of $ of $3,037,286

"General and Administrative Expense" decreased from $3,321,766 in 2002 to $117,382 in 2003. This decrease of $3,204,384 is primarily the result of the Company`s efforts to keep overhead as low as possible.
"Salaries and wages paid in stock" decreased from $187,667 for 2002 to $72,500 in 2003. This decrease is due to lower personnel expenses instituted by management.
"Other Expenses Paid in Stock" decreased from $27,923 in 2002 to zero in 2003. This decrease is the result of the Company`s efforts to keep overhead as low as possible.
The negative judgment relating to Yemen Block 20 resulted in the recognition of an expense portion of the judgment in the amount of $2,134,212. The remainder of the award had been previously recorded as cash calls payable.
As a result of the negative judgment relating toYemen Block 20, "Impairment Loss on Assets" increased from zero in 2002 to $4,368,377 in 2003.
"Depreciation expense" decreased from $120,000 in 2002 to zero in 2003 due to abandonment of assets during 2002.
As a result of the unfavorable judgment relating to Pace Global Energy Services, "Interest expense" increased from $16,828 in 2002 to $18,999 in 2003.
Other Income and Expenses - "Interest Income" decreased from $13,640 in 2002 to $4,397 in 2003, a decrease of $9,243.

This decrease is due to a reduced interest rate earned on the "Investment - Letter of Credit on Deposit".
"Other Income" increased from zero in 2002 to $4,455,653 in 2003. This increase is due to the negotiated release of the Yemen Block 20 judgment.
"Other Expense" (Preferred Shares Issued) increased from zero in 2002 to $1,007,472 in 2003. This increase is due to the payment of proxy fight expenses, previous unpaid Adair Exploration expenses, and current Board of Directors fees for previous periods.


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ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

ITEM 2. MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (cont.)

LIQUIDITY AND CAPITAL RESOURCES

Directors and Officers Compensation

The Company currently has nominal cash reserves and no cash flow from operations. Until such time as the financial condition of the Company improves, the Company`s Directors and Officers have agreed to manage the Company by receiving payment in "Series A" Preferred stock in lieu of cash consideration.

Project Development Guidelines

In recognition of the status of current financial resources available to the Company, executive management is committed to identifying and implementing projects that can be primarily project financed. This strategy reduces financial risk to the Company, but necessarily adds additional lead time before projects can be secured and announced to the shareholders.

There are no assurances, however, that the Company will be able to identify and implement financing to develop its projects or that it will be able to generate sufficient revenue growth and improvements in working capital.

As no revenue is currently generated from operations, the Company will have to raise additional working capital through the sale of its Common stock. No assurance can be given that funds will be available from any source when needed by the Company or, if available upon terms and conditions reasonably acceptable to the Company.

ITEM 3. CONTROLS AND PROCEDURES


As required by Rule 13a-15(b), Company`s executive management, including the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, conducted an evaluation as of the end of the period covered by this report, of the effectiveness of the Company`s disclosure controls and procedures as defined in Exchange Act Rule 13a-15(e). Based on that evaluation, the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer concluded that the Company`s disclosure controls and procedures were effective as of the end of the period covered by this report. As required by Rule 13a-15(d), the Company`s executive management, including the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, also conducted an evaluation of the Company`s internal control over financial reporting to determine whether any changes occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company`s internal control over financial reporting. Based on that evaluation, there has been no such change during the period covered by this report.


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ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS


Legal Proceedings for the Nine Months Ended September 30, 2002:

Occidental Yemen Sabtain, Inc. and Saba Yemen Oil CompanyLtd. v. Adair Yemen Exploration, Ltd. - Adair Yemen Exploration, Ltd. is a wholly owned subsidiary of the Company. It was named as the Respondent in the matter of Occidental Yemen Sabatain, Inc. ("Occidental") and Saba Yemen Oil Company Ltd. ("Saba") v. Adair Yemen Exploration, Ltd. ("Adair Yemen") in a Request for Arbitration filed with the International Chamber of Commerce in Paris, France on July 10, 2001. The Claimants, Occidental and Saba assert that Adair Yemen breached various agreements to which Occidental, Saba and Adair Yemen are parties and are requesting that Adair Yemen forfeit and reassign their 30% working interest in the project to Occidental and Saba.

The Company received an unfavorable final judgment and notice of award resulting from the Arbitration (NOTE 6 of financial statements). This unfavorable ruling resulted in the Company losing an asset valued in the hundreds of million of dollars. Consequently, as a result of the unfavorable ruling, the Company`s managment negotiated the aforementioned settlement agreement with Occidental.

Adair International Oil & Gas, Inc. vs. John W. Adair, Jalal Alghani and Vivian Quintero vs. Adair International Oil & Gas, Inc., etal - Cause No. 2001-63909, 55th District Court, Harris County, Texas. The Company`s claims in the suit against John W. Adair ("Adair"), Jalal Alghani ("Alghani") and Vivian Llerena Quintero ("Quintero") involve allegations of fraud, conspiracy and breach of fiduciary duties owed to the Company by Mr. Adair and Mr. Alghani while they were officers and directors of the Company prior to their removal from the AIGI Board of Directors at the Company`s annual shareholders meeting on August 5, 2002. The Company`s claims in the suit against Ms. Quintero involve allegations of fraud, conspiracy and breach of fiduciary duties while she was employed by the Company as office manager and personal assistant to Mr.Adair when he was Chairman and CEO of the Company.

After the Company`s claims were filed in the suit, Mr. Adair, Mr. Alghani and Ms. Quintero filed "counter claims" against the Company on November 9, 2002 alleging standing to sue as shareholders of the Company. Mr. Adair, Mr. Alghani and Ms. Quintero also filed the above described "counter claims" against Richard G. Boyce, Larry Swift, Gene Ackerman, David Crandall, Chris A. Dittmar, John A. Brush, Charles R. Close, and Shareholders Committed to Restoring Equity Group, Inc. ("SCORE").

The Company subsequently filed a motion for summary judgment on April 29 and the Court on July 11 and again by clarified its ruling on September 23, 2003, ordered the Company`s motion for summary judgment be granted as to all claims in Defendant`s / Counter Plaintiff`s second amended petition, including the claim of conspiracy to commit defamation, with the exception of the common law defamation claim against the Company, SCORE and Mr. Boyce. The Company has denied the allegation and the Board of Directors has determined it is the best interest of the Company to assume the defense of SCORE and Mr. Boyce and to indemnify same in its defense of this sole remaining allegation filed by Mr. Adair, Mr. Alghani and Ms. Quintero.

The Company on August 23 and September 4, 2003 filed an amended petition adding the additional Defendants Chase Mellon Shareholder Services, Inc., Mellon Investor Services, LLC, U.S. Stock Transfer Corporation, Union Securites, Ltd., Merrill, Lynch, Pierce, Fenner & Smith, Inc., Tatiana Roa, Braden, Bennick, Goldstein, Gazaway, & Co., Jack Sisk & Co, Jackson & Rhodes, P.C., John W. Adair, Jalal Alghani and Vivian Llerena Quintero and their co-conspirators, jointly and severally, and in favor of Adair International Oil & Gas, Inc. for the sum of up to five hundred million dollars ($ 500,000,000) in actual damages and punitive damages against each of said Defendants as assessed by the jury and for such other and further relief to which AIGI may show to be justly entitled.

Although some discovery in this case was secured before the change of control of the Company occurred as a result of the Annual Shareholders Meeting on August 5, 2002, there has been no further formal discovery to date other than the Company and Mr. Boyce`s responses to requested discovery. The Company will continue to vigorously pursue this complex case.

The Company is a party to various claims and litigation. Although no assurances can be given, the Company believes, based on its experience to date, that the ultimate resolution of such items, individually or in the aggregate, could have a material adverse impact on the Company`s financial position or results of operations.

ITEM 2. CHANGES IN SECURITIES
None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.

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ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

PART II - OTHER INFORMATION


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


The Company filed Definitive Proxy Materials with the Securities and Exchange Commission on August 14, 2003. The Notice Date of this Proxy Statement is August 18, 2003. Proxy materials including the Proxy Statement, Proxy Ballot Card and the 2002 Form 10K were mailed to all shareholders of record on or about August 18.

The Board of Directors of the Company fixed the close of business on August 1, 2003 as the record date for the determination of shareholders entitled to notice and to vote at the Annual Meeting. As of August 1, 2003, the Corporation had 150,000,000 outstanding shares of Common stock entitled to vote and 1,571,282 shares of "Series A" Preferred stock entitled to vote. In order for shares to be voted, they must have been held as of the record date.

The Board of Directors fixed Friday, September 12, 2003 as the date for the Annual Meeting of Shareholders, which was convened at 3000 Richmond Avenue, Third Floor Conference Room, Houston, Texas 77098 at 9:00 A.M. local time.

The Items of Business brought before the shareholders for consideration and were approved:

Amend the bylaws of the Corporation to expand the Board of Directors to Five (5) Members.
Amend the bylaws of the Corporation to establish staggered terms of office of the Board of Director Members.
Elect five (5) members to the Board of Directors, two (2) for a term of three years, two (2) for a term of two years and one (1) for a term of one year.
Change the name of the Corporation to become EnDevCo, Inc.
Amend the Restated Certificate of Incorporation of the Corporation to raise the total authorized shares of Common Stock to five hundred million (500,000,000) shares with par value of $0.00.
Amend the Restated Certificate of Incorporation of the Corporation to implement a reverse stock split.
Amend the Restated Certificate of Incorporation of the Corporation to expand the purpose for which the Corporation is organized.
Amend the Restated Certificate of Incorporation of the Corporation to change the Corporation`s registered address.
Ratification of the appointment of Clyde Bailey, PC as the Corporation`s independent accountants for fiscal 2003.
ITEM 5. OTHER INFORMATION


Officer Compensation - On September 13, 2003, the Board of Directors approved compensation for several individuals who have assumed roles of management for the Company. As Board members, Chris A. Dittmar and Richard G. Boyce recused themselves from these deliberations to avoid a potential conflict of interest. Compensation was discussed and set for Mr. Dittmar as Chief Executive Officer and Corporate Secretary, Mr. Boyce as Chief Operating Officer and Larry Swift as Chief Financial Officer. The salaries are commensurate with the amounts paid to the previous management. Further, the Board stipulated, again with Mr. Dittmar and Mr. Boyce recusing themselves in their capacity as Directors, that the Company shall only owe these funds to these individuals in the event that the Corporation either receives funds or regains the ability to issue stock in lieu of cash. Finally, the Board stipulated these individuals will have the option to determine what portion of their compensation they are to receive in cash or stock.

Chris A. Dittmar 56 Chief Executive Officer $240,000
Richard G. Boyce 49 Chief Operating Officer $240,000
Larry Swift 49 Chief Financial Officer $144,000



15


--------------------------------------------------------------------------------

ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

PART II - OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8 -K


(a) Exhibits

31.1 Certification by CEO and CFO pursuant to Section 302 of Sarbanes-Oxley Act of 2002.

32.2 Certification of CEO and CFO pursuant to Section 906 of Sarbanes-Oxley Act of 2002.

(b) Reports on Form 8-K

Report filed September 16, 2003 on the Annual Shareholder Meeting Voting Results.



SIGNATURES

In accordance with the requirements of Section 13 of 15(d) of the Exchange Act, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on November 14, 2003.

ENDEVCO, INC.

/s/ Chris A. Dittmar

-----------------------------

Chris A. Dittmar

Chief Executive Officer and Director

/s/ Richard G. Boyce


------------------------------
Richard G. Boyce


Chief Operating Officer and Director

/s/ Larry Swift

-----------------------------

Larry Swift

Chief Financial Officer

John A. Brush

/s/ John A. Brush

----------------------------

Non-Executive Director

Charles R. Close

/s/ Charles R. Close

--------------------------

Non-Executive Director

E. Barger Miller III

/s/ E. Barger Miller III

--------------------------

Chairman and Non-Executive Director

16


--------------------------------------------------------------------------------

ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

Exhibit 31.1

SECTION 302 CERTIFICATION

CERTIFICATION

I, Chris A. Dittmar, certify that:


1. I have reviewed this quarterly report on Form 10-QSB of Adair international Oil & Gas, Inc.;


2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;


3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;


4. The registrant`s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

b) evaluated the effectiveness of the registrant`s disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5. The registrant`s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant`s auditors and the audit committee of registrant`s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant`s ability to record, process, summarize and report financial data and have identified for the registrant`s auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant`s internal controls; and

6. The registrant`s other certifying officers and I have indicated in this quarterly report whether there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.


Date: November 14, 2003

/s/ Chris A. Dittmar


Chief Executive Officer and Director

17


--------------------------------------------------------------------------------

ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

CERTIFICATION (cont)

I, Richard G. Boyce, certify that:


1. I have reviewed this quarterly report on Form 10-QSB of Adair international Oil & Gas, Inc.;


2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;


3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;


4. The registrant`s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:


a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

b) evaluated the effectiveness of the registrant`s disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the "Evaluation Date"); and

c) presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5. The registrant`s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant`s auditors and the audit committee of registrant`s board of directors (or persons performing the equivalent functions):


a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant`s ability to record, process, summarize and report financial data and have identified for the registrant`s auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant`s internal controls; and

6. The registrant`s other certifying officers and I have indicated in this annual report whether there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.


Date: November 14, 2003


/s/ Richard G. Boyce

Chief Operating Officer and Director

18


--------------------------------------------------------------------------------

ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

CERTIFICATION (cont)

I, Larry Swift, certify that:


1. I have reviewed this quarterly report on Form 10-QSB of Adair international Oil & Gas, Inc.;


2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;


3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;


4. The registrant`s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:


a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

b) evaluated the effectiveness of the registrant`s disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the "Evaluation Date"); and

c) presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5. The registrant`s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant`s auditors and the audit committee of registrant`s board of directors (or persons performing the equivalent functions):


a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant`s ability to record, process, summarize and report financial data and have identified for the registrant`s auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant`s internal controls; and

6. The registrant`s other certifying officers and I have indicated in this annual report whether there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.


Date: November 14, 2003


/s/ Larry Swift

Chief Financial Officer

19


--------------------------------------------------------------------------------

ENDEVCO, INC. AND SUBSIDIARIES
September 30, 2003

CERTIFICATION (cont)

Exhibit 32.2

SECTION 906 CERTIFICATION

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of EnDevCo, Inc. (the "Company") on Form 10-QSB for the quarter ending September 30, 2003, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Chris A. Dittmar, Chief Executive Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1) the Report full complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: November 14, 2003

/s/ Chris A. Dittmar

Chief Executive Officer



In connection with the quarterly report of EnDevCo, Inc. (the "Company") on Form 10-QSB for the quarter ending September 30, 2003, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Richard G. Boyce, Chief Operating Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1) the Report full complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: November 14, 2003

/s/ Richard G. Boyce

Chief Operating Officer



In connection with the quarterly report of EnDevCo, Inc. (the "Company") on Form 10-QSB for the quarter ending September 30, 2003, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Larry Swift, Chief Financial Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1) the Report full complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: November 14, 2003

/s/ Larry Swift

Chief Financial Officer



20


--------------------------------------------------------------------------------

[chiptrader]

auf tages hoch geschlossen!

wenn das kein gutes zeichen ist!

[megadax]

@chip
danke fürdas Filing, werde es mir bei nächster Gelegenheit in Ruhe reinziehen.
Nach dem Schluß gestern, denke ich, geht die Jagd auf neue Tops munter weiter.

Have a successful day

mega

[chiptrader]

ja das glaube ich auch!

gruß chip

[chiptrader]

wundert mich von tag zu tag mehr das sich niemand für endevco interessiert!

bestimmt eine der heißesten aktien zur zeit!

[chiptrader]

wird ja immer besser na heute sk 0.15! ,mal schauen

hier könnten wir in zwei drei woche wirklich kurse um die 50 cents sehen!

karl dann gibts aber am bodensee nen bussi!

[superkarl]

[superkarl]

Jetzt gehts gleich richtig ab!!!

[chiptrader]

kann mir gut vorstellen das da bald eine weitere news kommt!

bei diesen umsätzen und diese news natürlich positiv ist sehr positiv!

[chiptrader]

wette wir packen heute noch die mil.!

wer wettet dagegen!

na ist inkmarker etwa zu früh ausgestiegen oder was ist mit dem los!

[chiptrader]

gelesen wird hier ja schon sehr schön nur die meisten trauen sich nur noch nicht zu schreiben!

[chiptrader]

warscheinlich haben die meisten noch keine aktien!

[chiptrader]

werden heute auf tages hoch schliesen!

[megadax]

moin, moin

Tageshoch hat leider nicht hingehauen, trotzdem ein geiler
Kursverlauf in den letzten Tagen. Wäre schön, wenn das mal jemand fundamental untermauern könnte. Die Zahlen die Chip reingestellt hat waren vom QIII/03. Ein geprüfter Jahresbericht 2003 und die Ergebnisse des ersten Quartals 2004 wären sicherlich sehr hilfreich, geht es doch darum, dass die Zahlen das dynamische Wachstum untermauern.
Vielleicht kann mir jemand helfen ?
Was mich allerdings derzeit sehr positiv stimmt für Endevco, ist das starke Volumen in den USA und natürlich die derzeitigen Rahmenbedingungen für die Versorger.
Hält diese Dynamik an, vielleicht noch mit pos. News und Zahlen bestätigt, halte ich Kurse von 1+x USD für möglich.

Einen sonnigen Endevco-Tag

mega

[chiptrader]

guten morgen megadax,

denke die zahlen müssen gut werden weil wer kauft da sonst so nen haufen aktien ohne das er sich sicher ist das gute zahlen kommen!

wenn man sich mal anschaut wie das handelsvolumen vor ein paar wochen war und in den letzten tagen!

denke das es hier sehr schnell weiter nach oben gehen kann!

gruss chip

[Datek21]

wann kommen denn zahlen?

[sterntaler2]

Hallo Chip,
lohnt es sich, heute noch einzusteigen ?
Könnte ein paar Sun"s verkaufen. Scheint sich dort nicht zu tun.
Sterntaler

[superkarl]

Bin schon gespannt, ob wir heute die 0,20 in Amerika testen
Obwohl, ich weiß es eigentlich schon.

[chiptrader]

hallo sterntaler,

sorry dazu möchte ich nichts sagen bin mir zwar sehr sicher das wir weiter steigen und noch deutlich höhere kurse sehen werden aber wenn ich dir jetzt empfehle ein zu steigen und die gehen wieder auf 0,05 züruck!


müsste selber wissen ob du einsteigst oder nicht!

die gefahr das der kurs zurück kommt ist halt bei solchen anstiegen sehr groß!

gruss chip

[megadax]

gerade aufgeschnappt:

EnDevCo Announces Formation of Strategic Resources Fund



HOUSTON, May 13 /PRNewswire-FirstCall/ -- EnDevCo, Inc.(NASDAQ-OTCBB:ENDE) (OTC Bulletin Board: ENDE) the Energy Development Company, today announced formation of the Strategic Resources Fund (SRF). The SRF is targeting an initial funding of $100 million, soliciting investment capital from institutional investors, private money managers, investment banks and high net-worth individuals. The Strategic Resources Fund name is derived from the Company`s recognition that energy resource development is of strategic importance in what is becoming the "Decade of Commodities." The Fund will provide project financing for both EnDevCo and third party projects.

EnDevCo has already identified projects for the SRF that meet the criteria of offering fund investors downside risk protection and immediate cash flow from known producible reserves. However, a characteristic unique to the SRF requires that projects should also deliver significant upside potential in the form of exploratory drilling. The borrower will fund exploration drilling from project cash flow after payout of the SRF development loan. "Real reserve growth can only be accomplished through the drill bit," stated Chris A. Dittmar, CEO of EnDevCo. "Trading reserves between companies through the process of merger and acquisition does not create a larger reserve base. Considering that oil and gas prices are currently at all time highs, the winner at an auction may well have paid too much for those reserves. The SRF management has developed a structure that offers Fund investors an opportunity to participate in the project upside, while limiting their financial risk and exposure."

EnDevCo`s projects targeted for the SRF include drilling opportunities on four blocks in the Gulf of Mexico and an unconventional gas play being developed in the U.S. mid-continent region. Initial work planned in the Gulf of Mexico includes drilling and completion of three wells on Eugene Island Block 294. These low risk wells are less than 6,000 feet deep, can be developed utilizing the existing platform facility and are targeted to produce an estimated 16.2 Bcf of new gas reserves. These reserves have been identified and mapped by EnDevCo`s technical staff utilizing 3D seismic data. EnDevCo management believes the SRF will provide the Company with additional financing options over and above traditional stock offerings which are dilutive in nature."

Mr. Richard Boyce, EnDevCo COO added, "We are particularly focused on developing natural gas projects in North America. Our analysis of the fast- growing U.S. demand for natural gas indicates strong returns on natural gas projects for at least the next two decades. A properly structured deal will allow the financiers of such projects to benefit from the upside created by that demand. Our management team is also positioning EnDevCo for participation in oil development projects in international venues. We believe that demand from growing economies in China and through out the far east will continue to support high crude oil prices for the foreseeable future."

This press release includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc.(NASDAQ-OTCBB:ENDE) management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc.(NASDAQ-OTCBB:ENDE) , the Energy Development Company, is a dynamic and growing energy company establishing an identity consistent with its business development activities. The Company participates in three sectors of today`s energy industry: 1) oil and gas exploration and production, 2) development of new technologies which increase oil and gas production, using that technology to gain leverage in the purchase of domestic natural gas production, and 3) merchant power and integrated industrial site development. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit www.endevcoinc.com

mega

[sterntaler2]

Danke Chip,
für Deine schnelle Antwort.
Werde vielleicht die Aktie noch beobachten.
Kannst Du das vielleicht mal kurz in Deutsch zusammenfassen ?
HOUSTON, May 13 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (BULLETIN BOARD: ENDE) the Energy Development Company, today announced formation of the Strategic Resources Fund (SRF). The SRF is targeting an initial funding of $100 million, soliciting investment capital from institutional investors, private money managers, investment banks and high net-worth individuals. The Strategic Resources Fund name is derived from the Company``s recognition that energy resource development is of strategic importance in what is becoming the "Decade of Commodities." The Fund will provide project financing for both EnDevCo and third party projects.

EnDevCo has already identified projects for the SRF that meet the criteria of offering fund investors downside risk protection and immediate cash flow from known producible reserves. However, a characteristic unique to the SRF requires that projects should also deliver significant upside potential in the form of exploratory drilling. The borrower will fund exploration drilling from project cash flow after payout of the SRF development loan. "Real reserve growth can only be accomplished through the drill bit," stated Chris A. Dittmar, CEO of EnDevCo. "Trading reserves between companies through the process of merger and acquisition does not create a larger reserve base. Considering that oil and gas prices are currently at all time highs, the winner at an auction may well have paid too much for those reserves. The SRF management has developed a structure that offers Fund investors an opportunity to participate in the project upside, while limiting their financial risk and exposure."

EnDevCo``s projects targeted for the SRF include drilling opportunities on four blocks in the Gulf of Mexico and an unconventional gas play being developed in the U.S. mid-continent region. Initial work planned in the Gulf of Mexico includes drilling and completion of three wells on Eugene Island Block 294. These low risk wells are less than 6,000 feet deep, can be developed utilizing the existing platform facility and are targeted to produce an estimated 16.2 Bcf of new gas reserves. These reserves have been identified and mapped by EnDevCo``s technical staff utilizing 3D seismic data. EnDevCo management believes the SRF will provide the Company with additional financing options over and above traditional stock offerings which are dilutive in nature."

Mr. Richard Boyce, EnDevCo COO added, "We are particularly focused on developing natural gas projects in North America. Our analysis of the fast- growing U.S. demand for natural gas indicates strong returns on natural gas projects for at least the next two decades. A properly structured deal will allow the financiers of such projects to benefit from the upside created by that demand. Our management team is also positioning EnDevCo for participation in oil development projects in international venues. We believe that demand from growing economies in China and through out the far east will continue to support high crude oil prices for the foreseeable future."

This press release includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc., the Energy Development Company, is a dynamic and growing energy company establishing an identity consistent with its business development activities. The Company participates in three sectors of today``s energy industry: 1) oil and gas exploration and production, 2) development of new technologies which increase oil and gas production, using that technology to gain leverage in the purchase of domestic natural gas production, and 3) merchant power and integrated industrial site development. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com/ .

EnDevCo, Inc.

© PR Newswire

[megadax]

scheint so, als ob die Liquidität für die Fortentwicklung der Projekte ausreichend vorhanden ist und somit dem Wachstum nichts im Wege steht.
Im letzten Jahr hatte ENDE die Zahlen für das erste Quartal am 16.05.2003 präsentiert, würde bedeuten, nächste Woche.
Mein Tip: Bis dahin stehen wir bei 0,2 USD.

mega

[sterntaler2]

Hallo Megadax,
habe Deinen Bericht gar nicht gesehen. Nun steht er zweimal da . Da meine Englischkenntnisse aber nicht so toll sind, weiß ich immer noch nicht, was dies für die Aktie bedeutet.
Sterntaler

[Datek21]

wollen in china fuß fassen und im ölgeschäft. eine gute news

[megadax]

angeblich wurde ENDE bei NTV erwähnt mit KZ 1 USD.
Kann das jemand bestätigen?

mega

[robby13]

N-TV Seite 299 wird der Wert im Trendwave zum Kauf empfohlen. Hier wird ein Erdgas-Explorationsgeschäft angeführt , woran Endevo etwa 36% Nettomarge ( ca. 7 mio. $ ) verdienen soll.( Zeitraum ? )
Sorry , mehr weiß ich bisher nicht, will mir das Teil heute mal genau anschauen.
robby

[megadax]

guten morgen

danke für die antwort auf meine Frage robby.
Ich denke nach einem Anstieg von 0,07 auf 0,155 in der
spitze scheint bei ENDE die Zeit reif für eine Verschnaufpause, bevor es neue 52-Wochen-Highs gibt.
Da sich der Kurs gestern die meiste Zeit zwischen 0,125 und 0,135 bewegte, denke ich, dass wir entweder auf diesem Niveau weiter konsolidieren oder dass dieser Rücksetzer zum Kauf genutzt wird und wir wieder Richtung 0,14 laufen.
Das Volumen ist gut und starke Gewinnmitnahmen hat es nicht gegeben.

Stay long

mega

[chiptrader]

guten morgen @ all!

hallo megadax sehe die lage bei endevco sehr ähnlich zur zeit! werden heute vielleicht ein wenig zu legen oder abgeben und nächste woche geht es weiter!

gruss chip

[superkarl]

Ich denke es wird heute Abend weiter nach oben gehen.
Interessant war, das gestern teilweise sehr große
Blöcke gekauft wurden einmal fast 900000 Stk und
wir haben auch nicht mit Tagestief geschlossen.
Denke mal, die gestern heisse Füsse bekommen haben,
müssen heute oder am Montag wieder rein.
Habe natürlich das gleiche Kursziel wie unsere
"GURUS" aber leider keine Hotline

[megadax]

@superkarl und chip
habt ihr etwa teilverkauft ?
In D wird jawohl keiner Stücke auf den Markt schmeissen,
die er in den letzten 3 Tagen eingekauft hat.
Also, raus mit der Sprache!!


mega

[chiptrader]

nein ich bin seit 0.03 dabei und habe mich bis jetzt nur geärgert das ich nicht weiter nach gekauft habe!

habe aber noch mein komplette stückzahl und die verkaufe ich nicht unter 0.25! eher zu 0.65!

wird heute schon noch werden!

[megadax]

Hi chip,

war auch nicht wirklich ernst gemeint. Aber `ne Konsolidierung nach einem solchen Anstieg halte ich für durchaus gesund. Zudem scheint es um ENDE wieder etwas ruhiger zu werden in D. Auch dies halte ich für o.k.

mega

[chiptrader]

genau!

[superkarl]

Nein großes Ehrenwort !!!
Unter 1 € geht bei mir keine über den Tisch.

[robby13]

will mich ebenfalls als ENDE - Aktionär outen. Habe gestaffelt zum Durchschnittspreis von ca. 0,13US$ gekauft.
good look
robby

[chiptrader]

ich hoffe es wird sich für dich lohnen robby!

[chiptrader]

was soll den des!

mit so relativ wenig volumen so runter!

[chiptrader]

wird ja schon wieder besser!

[gauner1]

das ist doch eine katastrophe. soviel gewinnmitnahmen ?

[chiptrader]

keine angst das wird schon wieder!

[chiptrader]

was sage wird doch nur ruhig bleiben!

[dutt]

.. bei 500.000.000 shares werden wir wohl noch so manchen
rücksetzer sehn

[chiptrader]

ja das kann schon sein!

[dutt]

... man sollte halt wissen wie hoch der einstand von
sagen wir mal 200.000.000 shares liegt...

[chiptrader]

so montag wird es weiter hoch gehen!

[superkarl]

Aber das wollen wir doch hoffen.

[superkarl]

Sonst wird das nix mit dem Bussi und der
Sause am Bodensee.

[chiptrader]

und die sause muss steigen und deshalb muss auch endevco steigen!

[chiptrader]

so leute auf der hp von endevco wurde gearbeitet!

"...the key to developing oil and gas opportunities is financing."

A serious void exists today in the capital finance markets for small and medium-sized oil and gas projects. In the past two years, six major energy capital providers (Aquila, Duke, El Paso, Enron, Mirant and Shell) have ceased to exist or have drastically reduced operations, representing a loss of over $1 billion dollars of annual investment capital which had been targeted for small and medium-sized oil and gas projects.

There are currently only one or two funds providing oil and gas "mezzanine financing" * for small projects (up to $5 million dollars), only a few for mid-size domestic projects ($5 - $25 million dollars), and almost none for international projects of any size. Those which have been active have provided only a few hundred million dollars annually in the aggregate in the last two years. Furthermore, the investment guidelines for these funds have been so narrow that a large number of projects offering very strong returns and moderate risk have had no ability to attract capital. The capital is provided by funds that internally make only limited use of available technical oil and gas expertise (engineering, geology, and geophysics). They generally limit investments to projects with significant existing production that virtually guarantees a return (though a small one) even if all development efforts are a complete failure. The overall result is moderate returns (low teens to low 20`s) on projects that fit their mold, and the foregoing of opportunities that offer much higher returns and still a strong likelihood of success. Private equity funds although plentiful have been focused on large investments (typically over $20 million) and have generally been quite reluctant to back drilling projects.

Such a flight of capital could not occur at a worse time, especially for the natural gas sector. Fast-growing U.S. demand for natural gas promises strong returns for natural gas projects for at least the next two decades; and a properly structured deal will allow the financiers of such projects to significantly participate in the upside ensured by that demand. Moreover, demand from growing economies such as China, India, Japan and South Korea, will continue to support high crude oil prices, enhancing that upside even further.

The Strategic Resources Fund (SRF) is designed to fill this void. Utilizing a structure that provides the investor both a specified internal rate of return of 20% - 25%, and an additional Overriding Royalty Interest (ORRI) that will continue to deliver long term revenue streams for the life of the project, the SRF provides a unique opportunity for investors to participate in the upside potential of today`s rapid growth in the energy sector with a minimum of risk.

The SRF team is currently soliciting investment capital from high net-worth individuals, institutional investors, private money managers, investment banks, and corporations. The anticipated average investment is projected to range up to $25 million dollars. EnDevCo, Inc. has identified four projects that are of interest for either current or future investment by the fund. Each of the projects offers downside risk protection in the form of proved developed reserves whose production provides immediate cash flow with the project upside defined through the use of state of the art geophysical analysis.


* The term "mezzanine" has a different meaning in oil and gas than elsewhere in the finance world; it normally applies to debt financing, usually with a first lien on oil and gas properties, together with an overriding royalty interest. Typically, it does not mean subordinated debt.

[chiptrader]

Gelegenheit EnDevCo hat eine farmin Vereinbarung verkündet, die z.Z. für ein 50% Arbeitsinteresse an allen Aussichten über 6.000 Fuß auf Eugene Insel-Block 294 zur Verfügung stellt. Die vom Land entfernte Plattform und die Produktionsanlagen sind in 205 Fuß Wasser und produzieren z.Z. ungefähr 11 Million Kubikfuß pro Tag des Erdgases. Aller notwendige Service und Rohrleitunganschlüsse sind bis zu zusätzlichen 20 Million Kubikfüßen Gas pro Tag anzufassen im Platz. Neue Auswertung der seismischen Daten 3D hat zusätzlichen 16.2 Milliarde Kubikfüße (Bcf) der niedrigen Gefahr, wiedergutzumachende Gasreserven definiert, die produziert werden können, indem man drei neue Brunnen bohrt, die zurück zu dem "A" gebunden werden; Plattform. EnDevCo erwirbt einem 72% Reineinnahmeinteresse, bevor Projektsubvention entwarf, indem sie 100% aller Kosten zum Bohrgerät und drei (3) Brunnen durchzuführen finanzierte, den geschätzten Bcf 16.2 der Gasreserven zu produzieren. Nach Projektsubvention behält EnDevCo ein 50% Arbeitsinteresse und ein Interesse der Reineinnahme 37.5%. Geschätzte Kosten des bohrenprogramms betragen Dollar $7.3 Million mit Arbeit über das Projekt, zum sofort nach der Finanzierung durch EnDevCo zu beginnen. Alle wohle Positionen können von der Plattform erreicht werden und werden vorhandene Produktionsanlagen verwenden. Die ökonomischen Projektionen, die einen Gaspreis von $5.00/mcf verwenden, hielten Konstante über dem Fünfjahresleben des Projektes anzeigen, daß der diskontierte Kapitalwert (PV10) dieser Reserven $19 Million für EnDevCo`s Interesse wertSIND. Finanzierend für die Bohrung, wird vorweggenommen, durch die strategische Betriebsmittel-Kapital, die vor kurzem von EnDevCo gebildet worden ist, Inc. zur Verfügung gestellt zu werden.

[chiptrader]

mit den 20% minus haben sie mir aber gerade ganz schönen streich gespielt!

[superkarl]

Ich hab mir auch fast in die Hose gemacht.

[superkarl]

Jetzt will cih endlich mal wieder ein + vorne
sehen!!!

[superkarl]

jetzt scheiß ich mich aber gleich an,
die wollen uns doch blos verarschen oder ?

[superkarl]

da wird mit ein paar tausend stück mächtig gedrückt.
aber nicht mit mir!

[chiptrader]

na ja hat ja erst angefangen der tag ist noch lang können ja auch noch gut 50% minus werden!

[superkarl]

oder 50 plus!!!

[megadax]

Hey Leute

schicke Spanne heute, verspricht spannend zu werden.
Scheint, als ob Kurse unter 0,10 USD ein gefundenes Fressen sind.

mega

[chiptrader]

na vielleicht packen wir das plus heute doch noch!

[superkarl]

ich lass mich von denen doch nicht verarschen.

Gute Nacht @all
S.K.

[chiptrader]

ich erst recht nicht

gute nacht

[megadax]

Guten Morgen @all

Handelsschluß: unchained
Dieses Resultat hätte auch nervschonender über die Bühne gehen können. Aber ich wiederhole mich gerne, die 0,1 scheint sehr atrraktiv aus Käufersicht zu sein. Ich denke mit dem gestrigen Resultat und dem hundsmiserablen Marktumfeld hat sich unser Schätzchen gut gehalten, ohne jedoch davon zu sprechen, dass die Konsolidierungsphase abgeschlossen ist. Aber der Kursverlauf macht Mut und ich gehe davon aus, dass wir in Kürze Begonnenes fortsetzen, nämlich den Marsch nach oben.

mega

[superkarl]

was kommt den da?
im Xetra zuerst über 400% Plus
jetzt 233 % Plus
hat wohl einer den falschen Knopf
gedrückt.

[chiptrader]

wird mal zeit das wir uns die 0.2 vornehmen das wir uns endlich auf die 0.3 konzentrieren können!

gruss chip

[chiptrader]

na karle was meinst sollte jetzt aber langsamm wieder nen paar grüne tage geben oder!

gruss chip

[superkarl]

@chip

ein paar grüne tage
ich möchte wieder ein paar grüne monate sehen
alles andere kommt erst gar nicht in die tüte.


auf eine sehr erfolgreiche nächste woche,
da bin ich mir ziemlich sicher.

[chiptrader]

da hätte ich auch nichts gegen!

sollte ja schon mindestens auf 0.5 für unsere kleine party gehen!

ohwohl für nen paar steaks, rote, bier oder wein reichts jetzt auch schon dicke!


chip

[chiptrader]

fängt ja gleich mal gut an!

grüüüüüüüüüüüüüne woche

[superkarl]

ist das nicht die woche, wo sich
alle bauern versammeln und so allerlei
leckereien anbieten?

[chiptrader]

na ja am volumen muss sich noch was ändern!

[chiptrader]

schon komisch karl ausser uns will sich glaube ich in deutschland einfach niemand so richtig für die aktie interessiern sogar inkmarker ist leise verschwunden!

aber sollange wir steigen soll´s mir recht sein!

[megadax]

Hi chip,

bin auch noch da, aber in der Ruhe liegt die Kraft. Jeden Tag 1 bis 2 cent und ich schau mir die Plattform im Juli
persönlich an und mach Urlaub in Naples (die besten Golfplätze in Florida)
Im ernst: mir scheint, dass die 0,1 hält und wir von dort aus den nächsten Anstieg sehen werden, wer weiß, vielleicht war das gestern ja schon der Startschuß.
Wäre geil, wenn ENDE alte Höchststände zurückerobern kann.
Threads wie RVMN, SNNW und USXP gefallen mir sowieso nicht besonders, weil zuviel Müll.
Auf einen ENDE-Dienstag.

mega

[chiptrader]

ja hast recht lieber wenig im thread los und dafür mehr in der aktion bei der aktie!

gruss chip

ps: ja alte höchsststände würden mir auch gefallen!

[superkarl]

die werden kommen!!!

[superkarl]

@chip

joes sieht in berlin auch nicht schlecht
aus.

[chiptrader]

hoffe es dauert nur nicht zu langs!

[chiptrader]

super handelsvolumen heute wieder wette wir schliesen heute im plus!

zwar nur ganz leicht aber im plus!

[chiptrader]

na hab ich´s nicht gesagt!

ganz leicht im plus!

heute wirds aber wieder mehr!

[superkarl]

gratuliere chip!
oder hast du etwa nachgeholfen?
quatsch, das ding läuft auch so und heute abend
wird es viel mehr sein.
es wird nicht mehr lange dauern,
bis die nächste welle kommt und dann
geht es aber richtig ab und ein paar wenige
sind dabei.

[megadax]

ich mache die Party auch mit!

Kann mir einer von Euch vielleicht nochmal kurz
revenues und Profit/loss pro Aktie fürs letzte Quartal
reinstellen, habe im Augenblick wenig Zeit.
Überlege in D nochmal nachzulegen, was meint ihr?

mega

[chiptrader]

denke mal wenn man noch mal so um die 10 cents nach kauft dürfte man sich bestimmt in ein zwei monaten über schöne gewinne freuen!

[chiptrader]

weist karl will mal wieder eine tag mit 50-100% erleben!

das wär soooooooooooo schön

chip

ps: guten morgen an alle endevcoler

[robby13]

Schöne Performence die letzten Tage ! Die 0,15$ intraday tuschiert, weiter so ENDE ! Überlege gerade , noch eine 3 Trange zu ordern ! Weiterhin viel Erfolg allen Endevco- Freaks !
robby

[chiptrader]

könnten mal wieder eine news bringen das es mal richtig kracht!

[megadax]

Hi chip,

langsam an, ist doch schön wenn wir ohne news auf 0,3 hochlaufen und mit news dann auf 1$ explodieren (nur mal
so gesponnen). Ich für meinen Teil werd noch mal nachlegen.

mega

[superkarl]

@chip

so wie das läuft ist es schon gut, ich habe mal vor
ein paar wochen geschrieben, immer schön langsam nach
oben, bis ostern kommt da auch was zusammen.
da waren wir noch bei ca 0,03.
du hast ja gesehen wie weit es gegangen ist.
las es ruhig langsam angehen, dann sind wir in drei monaten
auch gemachte leute
lieber so wie ständig super news, die bei den meisten otc werten eh nicht stimmen und die kurse dann ins
bodenlose fallen.
ich sags nochmal, jeden tag ein bischen nach oben dann
sind wir nach den großen ferien reiche leute. naja vor den ferien wärs natürlich besser
krankfurt und berlin können den kurs heute abend
wieder nach oben taxen, weiß gar nicht warum sie ständig nach unten taxen!

[chiptrader]

bin heute froh wenn wir im plus schliesen!

[superkarl]

einen blumentopf ist heute nicht zu gewinnen.
schade, aber morgen ist auch noch ein tag und
was sind schon ein paar - % zu dem gewinn in der
letzten zeit.

[chiptrader]

hast recht!

obwohl ich lieber ein plus am schluss sehe als ein minus aber egal!

gruss chipi

[chiptrader]

nach dem es in den letzten tagen zwar recht ordentliche tages schwankungen gab aber sonnst es bei endevco recht ruhig war müsste es in den nächsten ein zwei wochen wieder weiter richtung norden gehen!

[chiptrader]

schaue regelmässig auf der hp von endevco nach wann sie fertig gestellt wird!

kann nicht mehr lange dauern!

gruss chip

[chiptrader]

na ja wird bald wieder anders aus sehen!

[chiptrader]

falls sich jemand fragt wegen was das hohe handelsvolumen es kamm heute wieder eine news raus!

[chiptrader]

HOUSTON /PRNewswire/ June 3, 2004
EnDevCo Announces Due Diligence Progress
EnDevCo, Inc. (OTCBB:ENDE.OB) the Energy Development Company, today announced the engagement of a
independent reservoir engineering firm to conduct a due diligence audit of oil and gas reserves relating to its
agreement to purchase natural gas and crude oil production from 14 wells located in Okfuskee and Hughes County,
Oklahoma. EnDevCo, under the same agreement, also purchased a leasehold totaling 14,600 acres and a small
natural gas pipeline company which services that leasehold.
The engineering firm will produce a report indicating the proved reserves associated with the purchase. Last week
an inspection of the wells and production facilities by a qualified engineer found them to be well constructed and
maintained. EnDevCo is checking lease title records and preparing a comprehensive map of the leasehold.
Additionally, EnDevCo is conducting due diligence on a patent pending new automated low cost artificial lift
technology that will greatly improve the performance of stripper oil and gas wells by optimizing their decline
curves. Upon satisfactory review of this technology, EnDevCo has agreed to market this technology exclusively on
a worldwide basis.
This press release includes certain “forward-looking statements”. The forward-looking statements reflect the beliefs, expectations, objectives,
and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates,
which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results.
Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market
and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forwardlooking
statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange
Act of 1934, as amended.
EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo
maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit www.endevcoinc.com .
SOURCE: EnDevCo, Inc. - contact Patrick Woerner, Investor Relations 713-880-8711 [e-mail]

[chiptrader]

HOUSTON /PRNewswire/ Juni 3, 2004 EnDevCo Announces Due Diligence Progress EnDevCo, Inc. (OTCBB:ENDE.OB) Energy Development Company, verkündete heute die Verpflichtung eines ausführenunternehmens des unabhängigen Vorratsbehälter, um eine Sorgfaltbilanz der Öl- und Gasreserven in bezug auf seine Vereinbarung zu leiten, Produktion des Erdgases und des Rohöls von 14 Brunnen zu kaufen, die in Okfuskee und in der Hughes Grafschaft gelegen sind, Oklahoma. EnDevCo, unter der gleichen Vereinbarung, kaufte auch einen leasehold Totaling 14.600 Morgen und eine kleine Erdgasrohrleitungfirma, die diese Erbpacht instandhält. Das Technikunternehmen produziert einen Report, der die nachgewiesenen Reserven anzeigt, die mit dem Erwerb verbunden sind. Letzte Woche fand eine Kontrolle der Brunnen und der Produktionsanlagen durch einen qualifizierten Ingenieur gut konstruiert zu werden und beibehalten worden sie. EnDevCo überprüft Miettitelaufzeichnungen und bereitet ein komplettes Diagramm der Erbpacht vor. Zusätzlich leitet EnDevCo gebührende Sorgfalt auf einer Hebertechnologie der niedrigen Kosten des Patentes schwebenden neuen automatisierten künstlichen, die groß die Leistung der Arbeitswalzeöl- und -gasbrunnen verbessert, indem es ihre Abnahmekurven optimiert. Nach zufriedenstellendem Bericht dieser Technologie, hat EnDevCo damit einverstandenIST, diese Technologie auf einer weltweiten Grundlage ausschließlich zu vermarkten. Dieses Pressekommuniquã© schließt sicheres "mit ein, Aussagen Vorwärts-schauend". Die Vorwärts-schauenden Aussagen reflektieren den Glauben, die Erwartungen, die Zielsetzungen und die Ziele von EnDevCo, Inc. Management in Bezug auf zukünftige Fälle und finanzielle Leistung. Sie basieren auf Annahmen und Schätzungen, die zu der Zeit geglaubtes angemessenes sind, solche Aussagen werden gebildet. Jedoch konnten tatsächliche Resultate von vorweggenommenen Resultaten materiell sich unterscheiden. Wichtige Faktoren, die tatsächliche Resultate auswirken können, schließen ein, aber werden nicht auf Rohstoffpreise, politische Entwicklungen, richterliche Entscheidungen, Markt und Wirtschaftslage, Industriekonkurrenz, das Wetter, Änderungen in den Geldmärkten und ändernde Gesetzgebung und Regelungen begrenzt. Die forwardlooking Aussagen, die in diesem Report enthalten werden, sollen für die sicheren Hafenbestimmungen des Abschnitts 21E der Aktien und der Austausch-Tat von 1934 qualifizieren, wie geändert. EnDevCo, Inc. ist eine dynamische und wachsende Energiefirma, die eine Identität herstellt, die mit seinen geschäftliche Entwicklung Tätigkeiten gleichbleibend ist. EnDevCo behält Büros in Houston und in Dallas, Texas bei. Zu mehr Information über EnDevCo Besuch www.endevcoinc.com. QUELLE: EnDevCo, Inc.. - Kontakt Patrick Woerner, Beziehungen zwischen den Investoren 713-880-8711 [e-mail]

[chiptrader]

endevco bastelt weiter fleissig an seiner hp!

Infrastructure Key to Gas Play
Barnett Shale Living Up to Potential


There`s a giant gas field currently being explored that has a trillion cubic feet of natural gas every seven square miles.

It`s got to be in the Caspian Sea or the deepwater Gulf of Mexico, right?

In fact, just north of Fort Worth, Texas, not far from some of the oldest production in the oil patch.

Explorers missed this giant field for 100 years -- and perhaps with good reason. This huge gas resource was hiding in the source rock for much of the shallower production in the Fort Worth Basin, and the Barnett Shale doesn`t give up its secrets easily.

Just ask scientists with Mitchell Energy who worked for almost 20 years making the Barnett play an economic proposition.

But their work is paying off. Today the Barnett Shale is living up to its potential and opportunities to expand the play abound -- a good development, because scores of government and industry studies indicate that unconventional natural gas resources are vital to United States` energy future.

In that light alone, enormous shale gas plays like the Barnett are an important step toward exploiting that resource.

Over 1,200 wells have been drilled in the Barnett and another 400 wells are being drilled or completed, awaiting permits or shut in waiting for pipeline connections, according to Larry Brogdon, exploration manager for Four Sevens Oil Co.

"In January 2000 there were 566 completions in the Barnett, and since that time another 750 wells have been drilled," he said.

Currently there are 38 rigs running in the area.

[chiptrader]

Cherokee Platform, Oklahoma

Opportunity

EnDevCo has negotiated an agreement to purchase fourteen (14) wells drilled in Okfuskee County, Oklahoma. The wells contain recoverable gas reserves located in shallow Pennsylvanian sandstone reservoirs on the Cherokee Platform of Central Oklahoma. These stratigraphically trapped conventional reservoirs, regionally known as Senora, Red Fork, Bartlesville, Upper and Lower Booch, Gilcrease, Union Valley, Cromwell, Jefferson, Viola and Wilcox formations range from as shallow as 500 feet deep to a maximum of 6,000 feet deep, and range in thickness from 10-30 feet. These sandstone reservoirs have been the target of drilling for over 60 years and cover a broad portion of the Cherokee Platform. The long term production histories from hundreds of these types of wells in the region provide reliable recoverable reserve estimates for newly drilled wells producing from the same reservoir.

EnDevCo, under the same agreement, also purchased an undeveloped leasehold totaling 14,600 acres and a small pipeline company which services that leasehold. The undrilled leasehold is located in Okfuskee and Hughes Counties and represents several contiguous areas, suitable to support a large scale, unconventional gas development project.




While recently drilling new wells, extraordinary gas shows were logged in the drill cuttings from those wells that passed through the Mississippian Caney shale interval. Subsequent logging indicates that the Caney shale is 125 to 150 feet thick and contains several zones of "high resistivity". While not typically considered as a productive interval, these zones are currently undergoing fracture stimulation in two of the recently drilled wells included under the production purchase agreement. Early indications from other wells recently completed by other operators in the same zone are that the Caney interval will flow at rates as high as 1.0 mmcfd (one million cubic feet per day). Stabilized long term flow rates for this interval have not yet been established.

Geologically the Caney shale shares a striking resemblance to the Barnett shale located in the Fort Worth Basin of North Central Texas. The Barnett shale is currently the largest natural gas play in Texas and has become a core development area for such companies as Devon Energy, XTO and many others. Typically wells in the Barnett shale produce at initial rates of 350 mcfd (thousand cubic feet per day) with estimated primary recoverable reserves of 1.25 bcf (billion cubic feet) per well. To date thousands of wells have been drilled in this play utilizing standard well spacing of 80 acres per well which in the Newark East Field are now being down spaced to 40 acre units. As a result of reservoir engineering analysis regarding well performance histories, discussion within the industry has indicated that vertical wells may need to be drilled as close as 20 acres per well to fully drain the maximum gas reserve in-place. New drilling and completion technologies in the form of horizontal, multilateral wells and multistage slick water fracturing are increasing the recoverable gas reserves of wells in this play.


Today, the Caney shale play is not recognized by the oil and gas industry at large and EnDevCo, through a strategy of establishing regional leasehold, intends to position itself to benefit from being a"first mover" in this unconventional gas play.

Upside Potential

While still considered an emerging play concept, the Caney shale represents extraordinary upside potential for EnDevCo. Based on the analogous Barnett shale play, a single square mile of leasehold (640 acres) may contain 100 Bcf of in-place gas reserves. However, the key commercial question remains-how much of this gas in-place can be recovered and at what cost? Current development practices by Devon in the Barnett shale involve drilling vertical wells on 40 acre units (16 wells per square mile). Once wells are drilled, production is substantially improved by creating artificial fracture systems in the shale through the use of high pressure surface pumping techniques known as hydraulic fracturing. Once the frac job is implemented, the well production undergoes an initial steep 30% decline during the first year then declines on an annual rate of approximately 10% per year thereafter, yielding a primary produced gas volume of 1.25 bcf (billion cubic feet) of gas. After the production rate falls below a specified economic threshold (usually after a five year timeframe), Operators are subjecting the well to another frac treatment which has been shown to return the well to its original daily production rate. Thereafter the well can be produced through a full second cycle, experiencing a similar decline profile for an additional five years, yielding an additional 700 mmcf (million cubic feet) of produced gas.

In some instances, wells in the Barnett Shale play have been subjected to as many as four separate frac treatments, and in most cases, the wells have returned to their initial rates of production. Current indications from information publicly released by Devon for wells drilled in the Barnett shale play indicate that approximately 5% of the original gas in place is produced following each fracture treatment. Assuming that a given well can be subjected to re-frac a maximum of 4 times, this yields an overall 18-20% recovery rate of the original gas reserves in-place.

Technology

EnDevCo is working with a privately held horizontal drilling contractor that has developed patented techniques for drilling horizontal multilateral holes using under balanced drilling fluid technology. It is anticipated that by utilizing these "state of the art" technologies, drilling and completion costs over a typical 640 acre lease may be lowered by 60% while a typical individual well production rate may increase from 350 mcf/day to the range of 3,000 mcf/day. This improvement in immediate cash flow represents a significant increase in the net present value of the project as the majority of reserves can be depleted during the first five years of production without the need to wait for depletion and additional frac jobs over an extended production time frame. An additional (but unquantified) benefit, of using horizontal under balanced drilling techniques may increase the recoverable reserves from the range of 20% of the original gas in place to a significantly higher percentage.

Environmental Impact

In addition to the improved production profile, the horizontal multi lateral drilling approach is environmentally friendly. Instead of building surface locations and drilling up to sixteen wells per square mile using conventional vertical holes, one surface location per square mile is required--minimizing surface environmental impact. In many cases, water disposal can also be handled within the same well bore system.

[chiptrader]

in dieser woche wird in deutschland die 10 cents marke auf dauer fallen!

chip

[megadax]

@chip

die Jungs basteln scheinbar intensiv an ihrer Expansion, wenn ich die Meldungen richtig interpretiere ?!
Sehe derzeit in D Kaufkurse (0,06 auf 0,07).
Denke, dass die 0,10 in USA halten werden.

@Karl und Chip
Denkt ihr, dass der Dollar mittelfristig realistisch ist?

Schönen ENDE-Tag

mega

[superkarl]

@megadax

ja !!!
ich weiß gar nicht, wer da seiner Aktien verschenkt
wird sich aber bestimmt noch ärgern.
Oder will man da vielleicht ein bischen Verunsicherung schaffen??
Mal sehen was heute so in den USA geht
Gruß
S.K.

[chiptrader]

@ megadax,

sehe ich auch so das sich endevco langsamm empor arbeiten möchte und man sieht ja auch schon erste erfolge!

deshalb kann ich auch nicht verstehen wer da heute verkauft!

hab noch mal ne kleine kauforder platziert!

ob der dollar fällt weis nicht wär natürlich schön und an der otc kann ja auch alles passieren, aber 30-50 cents würden mich auch schon glücklich machen!

gruss chip

an mega und karl!

[megadax]

@karl und Chip

danke für Eure Einschätzungen. Die Höchtststände aus 2000 wären sicherlich geil. Da ich ENDE aber erst seit kurzem verfolge, stellt sich mir die Frage, was zu diesen Höchstständen geführt hat. War es der allgemeine Börsen-Hype oder waren sie seinerzeit fundamental besser aufgestellt, was dann natürlich die Frage aufwirft, warum sie so abgestürzt sind. Mir fehlt da derzeit der Blick in die Historie. Umgekehrt spricht man bei ENDE von einem dynamisch wachsenden Energieversorger (die USA haben es nötig - Blackout), was mich annehmen läßt, dass die guten Zeiten erst noch kommen sollten. Insofern schaue ich näturlich mit ein wenig Kribbeln auf die alten Höchststände.
Wie seht ihr beiden die Risikoabsicherung nach unten ?
Konnte mir bislang noch kein vernünftiges Bild von den Filings machen, sind auch nicht ganz einfach zu durchblicken.
Mal schauen, was USA heute macht. Die sind ja gestern mit einer Spanne von 0,09 auf 0,11 aus dem Markt gegangen.

CU
mega

[chiptrader]

so ab noch mal welche bekommen meiner meinung nach sehr günstig!

[chiptrader]

und bin schon wieder am überlegen ob ich noch mal kräftig erhöhe und meine position endevco shares im depot verdoppele!

no risk no fun!

endevco ist mir einfach eine der liebsten otc aktien zur zeit weil sie nicht ständig hoch und runter gezockt wird wie der meiste otc scheiss!

chip

[chiptrader]

bin mal gespannt wo es hin geht wenn endevco endlich den wiederstand bei 15 cents knackt!

ob wir dann in einem schwung die 20 cents überschreiten oder ob dort das gleiche spiel wieder von neuem los geht!
das ganze wird aber unter hohen umsätzen nach meiner meinung statt finden!

[chiptrader]

kann mir einer eigentlich erklären warum sich niemand in deutschland für endevco interessiert

endevco hat doch dieses jahr eine der besten kursteigerungen gehabt kenne nicht sehr viele aktien die dieses jahr besser gelaufen sind als endevco, und dabei kann es noch sehr viel höher bei endevco gehen und keine s.. interessiert es ausser 4 endevcolern!

gruss chip

ps: bin mal echt gespannt bei welchen kursen langsamm die ersten aufwache und auf den schon sehr lange fahrenden zug mit aufspringen, wenn wir sie noch drauf lassen!

[krono]

hallo bin ebenfalls ende-aktionär habe bei 1,4cent gekauft!!durchhalten ist angesagt wenn wir nur die hälfte von den kurssprüngen aus 2000 erleben reicht es aus ,siehe "admt" umd "mtrm" gedult zahlt sich aus !bei ende tut sich in letzter zeit einiges die chancen stehen nicht schlecht!
gruß an alle endevco-aktionäre

[chiptrader]

na dann sind wir ja jetzt schon 5 endevcoler!

oder gibts etwa noch mehr

chip

[megadax]

@chip

gibt sicherlich ein paar Leutchen, die sich für ENDE interessieren, jedoch nicht unbedingt posten (stille Genießer eines interessanten Potentials).
Ich z.B. bin auch nur stiller Beobachter von IVK, SNNW, RVMN und Cash. Habe kein Bock in diesen Threads zu posten, weil zuviele Hirnis dort rumeiern. Die ENDE-Threads sind
mir da weitaus sympatischer. Hier kann man das Baby sich entwickeln lassen, sachlich diskutieren und Informationen austauschen, die auch wirklich fundiert sind (nicht so imaginäre Headlines wie bei SNNW z.B.).
Wäre doch schade wenn unseren beiden threads so verkommen würden. Der Kurs wird eh in USA gemacht.
Also, laß uns doch still und heimlich alte Höhen erklimmen.

mega

[chiptrader]

genau megadax stimme dir voll zu so soll´s sein!

und ich tobe mich bei snnw aus!

chipi

[chiptrader]

na ja starten wider im minus aber werden wohl heute wieder im plus schliesen!

[chiptrader]

der kurs sieht doch schon bissle besser aus!

[gauner1]

217

so ist es

[chiptrader]

6

[LoggerC]

Südwärts gehts

[superkarl]

Abgerechnet wird aber erst zum Schluß!!

[chiptrader]

genau du sagst es karl!

chipi

[chiptrader]

7

[chiptrader]

endevco hat wieder ein wenig an seiner hp gebastelt!

[chiptrader]

sehen wir heute mal wieder ein plus!

[chiptrader]

heute ist nicht viel los mit ende!

na ja vielleicht wirds ja noch heute abend!


chipi

[megadax]

@chip

das war gestern mehr als garnichts. Hast Du etwas gehört oder gelesen. Ich kann keine News finden, denke mal
typisch OTC. Aber nun stellt sich die Frage, wo ENDE Unterstützung hat ?
Trotz allem, die Story wird geschrieben, wir sind erst beim ersten Kapital, während die DFB-Elf das letzte zugeschlagen hat

Auf ein Ende des Abverkaufs bei ENDE.

mega, der trotz gestern optimistisch bleibt.

[chiptrader]

das handelsvolumen war ja auch relativ klein im vergleich zum hype!


langsamm frage ich mich was karl so träumt!

chip

[chiptrader]

soll ich in berlin noch mal zu schlagen!

[krono]

war nicht so schön die letzten tage!locker bleiben ist angesagt !vielleicht mal den chart von ADMT oder KCS Energy ansehen,admt ist zwar nicht in der branche ,aber so geht es am otc

[chiptrader]

keine angst die kommen schon wieder!

[chiptrader]

ja würde mir ganz gut gefallen wenn es so bei ende auch laufen würde!

[megadax]

@all

Sieht nach Schnäppchenjagt in den USA aus, während in D keine zu machen waren.
Brief aktuell bei 0,07 $, somit wäre der Ausrutscher von gestern wieder eingefahren.

keep

mega

[chiptrader]

ja scheint so!

[chiptrader]

sieht heute doch mal wieder etwas besser aus!

[chiptrader]

jetzt kommt aber umsatz rein!

[chiptrader]

wurde da heute gesammelt!

[sterntaler2]

HOUSTON, June 28 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC Bulletin Board: ENDE - News), the Energy Development Company, today named Ernest B. Miller IV as Vice President of Finance. "Ernie`s contacts in the energy business combined with his demonstrated success in structured financing of energy projects will accelerate our business plan," stated CEO Chris A. Dittmar.Mr. Miller said, "I am thrilled to have the opportunity to help develop EnDevCo`s first class portfolio of projects. I believe that these prospects represent natural gas reserves that can easily place EnDevCo into the status of large independent within five years time."
Mr. Miller began his career in the Marketing and Risk Management groups at PanCanadian Energy Services. As a marketer, Mr. Miller was responsible for all aspects of fuel delivery and supply for PanCanadian`s end-user customers in California and the mid-continent. As a Risk Manager, Mr. Miller calculated and managed the company`s Value at Risk exposure for its trading organization. Mr. Miller`s group served as the clearinghouse for all of PanCanadian`s natural gas production transported and sold in the United States.

In 1998, Mr. Miller joined Calpine Corporation where he held positions in project development and asset management before being named Director of Finance. As Director of Finance, Mr. Miller`s team was responsible for over $700 million of project and leveraged lease financing structures. Additionally, Mr. Miller`s team enabled Calpine to fund projects totaling $3.3 billion through the company`s revolving credit facilities. Mr. Miller has extensive personal experience working with global financial institutions including domestic and foreign commercial banks, structured finance institutions, Wall Street brokerage houses and private equity firms specializing in the oil and gas and energy sector.

Mr. Miller recently was a Managing Partner at Tiger Midstream Investments, a private equity investment firm focused on non-regulated midstream gas investments in the on-shore United States. Mr. Miller has a Master`s Degree in Natural Resources Development from Texas A&M University and a Bachelor of Science from the University of the South.

This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com .




--------------------------------------------------------------------------------
Source: EnDevCo, Inc.

[chiptrader]

so sterntaler auch hier!

[chiptrader]

wird zeit das bei ende endlich der durchbruch kommt und wir langsamm in richtung 50 cents gehen!

[chiptrader]

HOUSTON, Juni 28 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC Anschlagbrett: ENDE - Nachrichten), Energy Development Company, heute genannt Ernest B. Miller IV als Vizepräsident der Finanzierung. " Ernie`s Kontakte im Energiegeschäft, das mit seinem demonstrierten Erfolg in strukturierter Finanzierung der Energieprojekte kombiniert wird, willen beschleunigen unseren Unternehmensplan, " angegebener CEO Chris A. Dittmar.Mr. Miller gesagt, " Ich thrilled, um die Gelegenheit zu haben zu helfen, EnDevCo`s erstes Kategorie Mappe von Projekten zu entwickeln. Ich glaube, daß diese Aussichten Erdgasreserven darstellen, die EnDevCo in den Status des großen Unabhängigen innerhalb fünf Jahre time." leicht setzen können; Herr Miller fing seine Karriere im Marketing und Risikomanagementgruppen an den PanCanadian Energie-Dienstleistungen an. Als Marketingspezialist war Herr Miller für alle Aspekte der Kraftstoffanlieferung und -versorgungsmaterials für PanCanadian`s Endbenutzerkunden in Kalifornien und im Mittlerkontinent verantwortlich. Als Gefahr Manager errechnete Herr Miller und handhatte den company`s Wert an der Gefahr Belichtung für seine handelnde Organisation. Gruppe Herrn Miller`s diente, während die Verrechnungszentrale für die ganze PanCanadian`s Erdgasproduktion transportierte und verkaufte in den Vereinigten Staaten. 1998 Herr Miller Calpine Corporation in dem er gehaltene Positionen in der Projektentwicklung und in der Vermögensverwaltung verband, bevor er Direktor der Finanzierung genannt wurde. Als Direktor der Finanzierung, war Mannschaft Herrn Miller`s für rüber $700 Million von Projekt und von leveraged Mietfinanzierung Strukturen verantwortlich. Zusätzlich ermöglichte Mannschaft Herrn Miller`s Calpine, die Projekte zu finanzieren, die $3.3 Milliarde durch den company`s Kredit- gegen Prolongationsakzeptservice zusammenzählen. Herr Miller hat umfangreiche persönliche Erfahrung, mit globalen Geldinstituten einschließlich die inländischen und fremden Handelsbanken, die strukturierten Finanzanstalten, die Wall Street zu arbeiten Maklerhäuser und private Billigkeit Unternehmen, die auf das Öl und das Gas und den Energiesektor sich spezialisieren. Herr Miller war vor kurzem ein geschäftsführender geschäftsführenderer Gesellschafter an den Tiger-Mittelstrahl-Investitionen, ein privates Billigkeit Investitionunternehmen, das auf nicht-regulierte Mittelstrahlgas-Investitionen in den on-shore Vereinigten Staaten gerichtet wurde. Herr Miller hat einen Master`s Grad in der Naturresource-Entwicklung Texas A&M von der Universität und von einem Bakkalaureus der Wissenschaften von der Universität des Südens. Dieses Pressekommuniquã© schließt bestimmtes " ein; Vorwärts-Schauen von von statements" . Die Vorwärts-schauenden Aussagen reflektieren den Glauben, die Erwartungen, die Zielsetzungen und die Ziele von EnDevCo, Inc. Management in Bezug auf zukünftige Fälle und finanzielle Leistung. Sie basieren auf Annahmen und Schätzungen, die zu der Zeit geglaubtes angemessenes sind, solche Aussagen werden gebildet. Jedoch konnten tatsächliche Resultate von vorweggenommenen Resultaten materiell sich unterscheiden. Wichtige Faktoren, die tatsächliche Resultate auswirken können, schließen ein, aber werden nicht auf Rohstoffpreise, politische Entwicklungen, richterliche Entscheidungen, Markt und Wirtschaftslage, Industriekonkurrenz, das Wetter, Änderungen in den Geldmärkten und ändernde Gesetzgebung und Regelungen begrenzt. Die Vorwärts-schauenden Aussagen, die in diesem Report enthalten werden, sollen für die sicheren Hafenbestimmungen des Abschnitts 21E der Aktien und der Austausch-Tat von 1934 qualifizieren, wie geändert. EnDevCo, Inc. ist eine dynamische und wachsende Energiefirma, die eine Identität herstellt, die mit seinen geschäftliche Entwicklung Tätigkeiten gleichbleibend ist. EnDevCo behält Büros in Houston und in Dallas, Texas bei. Zu mehr Information über EnDevCo Besuch http://www.endevcoinc.com.

[sterntaler2]

Die Hoffnung stirbt zuletzt !!! Ich hoffe, Du behälst Recht !

[chiptrader]

bei ende habe ich sehr viel mehr hoffnung als bei sun langfristig!

gruss chip

[Datek21]

News leute und zwar richtig gute:

EnDevCo CEO Comments on Industry Outlook
Thursday July 1, 6:00 am ET


HOUSTON, July 1 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC Bulletin Board: ENDE.OB - News) the Energy Development Company`s CEO, Chris A. Dittmar, issued a statement today in the wake of the 2004 Independent Petroleum Association of America (IPAA) Midyear Meeting that was held on June 12-15 in Colorado Springs, Colorado. "We believe that EnDevCo, Inc. is well positioned in the energy industry to deliver solid earnings performance," commented Mr. Dittmar. Dittmar`s comments are underscored by the sentiments expressed by Marshall Adams, Managing Director and Head of Energy Research at Raymond James & Associates, who addressed the IPAA constituency with the following facts and analysis:
* 2003 was an outstanding year for Energy Equity Offerings; the biggest
year in two decades.
* The "Equity Window" is still open and the historical performance of the
Oil Services Index (OSX) suggests that the long-term secular oil and
gas upward trend is intact.
* Oil fundamentals are solid, exhibiting more upside potential than
downside risk. The petroleum markets are tight from increased global
demand, including a tremendous upsurge of Chinese demand and decreasing
excess capacity.
* Total U.S. drilling success rates are up as a result of technological
advances that are now becoming well established in the industry.
* The decline in natural gas production rates and falling gas supply will
continue to drive natural gas prices higher. As a result, the market is
showing a trend towards searching for smaller reserves.


Dittmar continued, "It is estimated that independent oil and gas companies like EnDevCo, Inc. are responsible for 85% of all domestic wells drilled, 40% of domestic petroleum produced and 65% of domestic natural gas produced. In light of all this, the timing couldn`t be better for EnDevCo to execute our business plan which is focused on natural gas development in the U.S. market as well as oil and gas development internationally. We are well positioned with major projects to take advantage of a receptive capital environment and positive global macro-economic forces. Our shareholders should reap substantial benefits as these projects come on-line in this Decade of Commodities."

This press release includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com .

[megadax]

@all

back again, hatte ein bisschen Baustress.
@Datek
liest sich gut, denke aber, dass wir noch einen etwas längeren Atem gebrauchen.
Long term - steil nach oben zu alten Hochs
@chip
Sun lebt von der Hoffnung, während ENDE konsequent an seiner Zukunft bastelt

mega, der auf ENDE setzt, aber auch im Hinterkopf hat,
dass es OTC ist.

[chiptrader]

sun ist meine zock position!

ende ist meine long position!

chip

ps: gefällt mir was sich bei ende gerade abspielt der nächste kursschub wird kommen!

[chiptrader]

Nachrichten leute und zwar richtig gute: EnDevCo CEO kommentiert Industrie-Aussicht Donnerstag Juli 1, 6:00 morgens UND HOUSTON, Juli 1 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC Anschlagbrett: ENDE.OB - Nachrichten) der Energie-Entwicklung Company`s CEO, Chris A. Dittmar, gaben eine Aussage heute unmittelbar nach der das 2004 Unabhängig-Erdöl-Verbindung Amerika (IPAA) der Jahresmitte-Sitzung, die an Juni 12-15 in den Colorado Springs abgehalten wurde, Kolorado heraus. " Wir glauben diesem EnDevCo, Inc. werden in Position gebracht gut in die Energieindustrie, um feste Einkommenleistung, " zu liefern; kommentierter Herr Dittmar. Dittmar`s Anmerkungen werden durch die Gefühle unterstrichen, die vom Marschall Adams, geschäftsführender Geschäftsführer und Kopf der Energieforschung bei Raymond James u. Teilnehmer ausgedrückt werden, die zu dem IPAA Wahlkreis mit den folgenden Tatsachen und der Analyse sprachen: * 2003 war ein hervorragendes Jahr für Energie-Billigkeit Opfer; das größte Jahr in zwei Dekaden. * Das " Billigkeit Window" ist noch geöffnet und die historische Leistung des Öl-Service-Index (OSX) schlägt vor, daß die langfristige weltliche aufwärts Tendenz des Öls und des Gases intakt ist. * Ölgrundlagen sind der Körper und stellen mehr Kursspielraum nach oben als abwärts gerichtete Gefahr aus. Die Erdölmärkte sind von erhöhter globaler Nachfrage fest, einschließlich eine enorme Aufwallung des Chinesen verlangen Sie und Verringerns überschüssige Kapazität. * Gesamt-VEREINIGTE STAATEN bohrenerfolgrate ist oben resultierend aus technologischen Fortschritten, die jetzt in der Industrie gut eingerichtet werden. * Die Abnahme in der Erdgasproduktion Rate und in fallendem Gas-Versorgungsmaterial fährt fort, Erdgaspreise stark zu fahren. Infolgedessen zeigt der Markt eine Tendenz in Richtung zum Suchen nach kleineren Reserven. Dittmar fuhr, " fort; Es wird geschätzt, daß unabhängige Öl- und Gasfirmen EnDevCo mögen, Inc. ist verantwortlich für 85% aller inländischen Brunnen, die gebohrt werden, 40% von inländischem Erdöl produziert und 65% vom inländischen produzierten Erdgas. Im Licht alles ist dieses, das TIMING couldn`t besser, damit EnDevCo unseren Unternehmensplan durchführt, der auf Erdgasentwicklung im VEREINIGTE STAATEN Markt sowie Öl- und Gasentwicklung international gerichtet wird. Wir werden gut mit Hauptprojekten in Position gebracht, um Nutzen aus einem empfänglichen Hauptklima und positiven globalen makroökonomischen Kräften zu ziehen. Unsere Aktionäre sollten erheblichen Nutzen ernten, während diese Projekte online in diese Dekade von Commodities." kommen; Dieses Pressekommuniquã© schließt bestimmtes " ein; Vorwärts-Schauen von von statements." Die Vorwärts-schauenden Aussagen reflektieren den Glauben, die Erwartungen, die Zielsetzungen und die Ziele von EnDevCo, Inc. Management in Bezug auf zukünftige Fälle und finanzielle Leistung. Sie basieren auf Annahmen und Schätzungen, die zu der Zeit geglaubtes angemessenes sind, solche Aussagen werden gebildet. Jedoch konnten tatsächliche Resultate von vorweggenommenen Resultaten materiell sich unterscheiden. Wichtige Faktoren, die tatsächliche Resultate auswirken können, schließen ein, aber werden nicht auf Rohstoffpreise, politische Entwicklungen, richterliche Entscheidungen, Markt und Wirtschaftslage, Industriekonkurrenz, das Wetter, Änderungen in den Geldmärkten und ändernde Gesetzgebung und Regelungen begrenzt. Die Vorwärts-schauenden Aussagen, die in diesem Report enthalten werden, sollen für die sicheren Hafenbestimmungen des Abschnitts 21E der Aktien und der Austausch-Tat von 1934 qualifizieren, wie geändert. EnDevCo, Inc. ist eine dynamische und wachsende Energiefirma, die eine Identität herstellt, die mit seinen geschäftliche Entwicklung Tätigkeiten gleichbleibend ist. EnDevCo behält Büros in Houston und in Dallas, Texas bei. Zu mehr Information über EnDevCo Besuch http://www.endevcoinc.com.

[chiptrader]

der start ist heute schon mal gelungen!

[chiptrader]

na also geht doch!

[superkarl]

Hi Chip, megadax, Datek 21, Sterntaler 2 und alle die noch bei Endevco investiert sind.
Muss ich den erst aus dem Urlaub kommen, damit der
Kurs wieder steigt???
Das würde ja heissen, ich darf keinen Urlaub mehr machen

[sterntaler2]

Superkarl,
so ist es. Bei mir war es umgekehrt . Am 11. März war ich auf Reisen und habe leider den Hype bei SUN nicht mitbekommen, da ich im Hotel nicht ins Internet konnte.
Über Pfingsten war ich wieder auf Reisen. Da war ich schlauer und habe vorher ein Limit gesetzt. Bei SUN und Gzfx. Leider war ich wohl zu gierig und habe das Limit zu hoch angesetzt und es nur knapp verfehlt. So gesehen, haben mich meine Urlaubsreisen mehrere Tausend EURO gekostet. Nun bin ich wieder zurück und was passiert ? Die Kurse fallen und fallen und fallen .....
Sterntaler2

[chiptrader]

na ist heute doch nen super tag für ende!

karl du hast ab heute urlaubsverbot bis ende bei 1.5€ steht!
allso bette das es nicht zu lange dauert!

chip

[superkarl]

wollte doch schon in acht Wochen
wieder in den sonnigen Süden fliegen.
Aber bis dahin steht Endevco sicher schon bei
1,5 €

[chiptrader]

wills für dich hoffen!

waren gestern wider mal ordentliche umsätze in usa!
unser baby ist wieder auf dem weg in richtung 10 cents und höher!

ärgere mich ein wenig das ich gestern nicht noch einmal welche gekauft habe!

gruss chip

[chiptrader]

07-01-2004 EnDevCo CEO Comments On Industry Outlook IPAA
06-28-2004 EnDevCo Announces Vice President of Finance Management
06-03-2004 EnDevCo Announces Due Diligence Progress Projects
05-19-2004 EnDevCo Announces Purchase of Production Projects
05-13-2004 EnDevCo Announces Strategic Resources Fund SRF
05-12-2004 EnDevCo Announces Board of Directors and Executive Management Management
05-10-2004 EnDevCo Announces Farmin to Eugene Island Blk 294 Projects
05-04-2004 EnDevCo Names Director of Investor Relations Investor Relations
04-30-2004 EnDevCo Retains TVA for National Media Campaign TVA Website



wenn mann sich das mal anschaut hat ende ja schon eine ganze menge news dieses jahr gebracht und alles sieht so aus alls wenn ende auf lange sicht im energie geschäft mit spielen möchte!

denke mal da können wir uns noch auf einige news freuen die den kurs noch einiges bis jahresende nach oben bringen sollten!

chipi

[Anddon]

Da hats wohl einigen die Sprache verschlagen

[chiptrader]

so meinst!

warten einfach alle auf die nächsten news/hype!

grüssle chip

[chiptrader]

na sieht heute ja mal wieder etwas besser aus!

[superkarl]

Sieht nicht nur etwas besser aus, daß sieht sogar
sehr gut aus !!!


Aber es kommt noch viel besser.

[chiptrader]

grüsse dich karl und auch alle anderen endevcoler!

[dutt]

[chiptrader]

will mal wieder 50 und mehr prozent an einem tag sehen!

[dutt]

EnDevCo Reports Major Initiative Progressing on Schedule
via COMTEX

July 14, 2004

HOUSTON, Jul 14, 2004 /PRNewswire-FirstCall via COMTEX/ --

EnDevCo, Inc. (OTC Bulletin Board: ENDE), the Energy Development Company`s Chief Operating Officer, Richard G. Boyce, issued a statement today updating progress on the due diligence supporting the purchase of gas production in Oklahoma. "We have now completed our onsite facilities inspection and expect our independent engineering firm to complete their reserve report by the end of July," stated Mr. Boyce. "Once the reserve report is available, we anticipate being able to close on this purchase before the end of the third quarter." EnDevCo has secured the financing commitment for this project contingent on the outcome of the reserve evaluation.

"Our detailed economic evaluation of this project has only served to reinforce our business model that these are the types of plays that EnDevCo will continue to pursue. The low risk nature of developing a continuous gas deposit like the Caney Shale which yields a long lived reserve base fits well with our business model for EnDevCo," continued Ernie Miller, VP of Finance.

EnDevCo estimates the original gas in place over the 14,600 acre leasehold to be in excess of 2.3 Tcf and expects to recover approximately 500 Bcf over the next 15 years. At full production, the Company projects its net revenue interest from the leasehold to exceed $150 million per annum at current prices.

This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company maintaining offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com .

SOURCE EnDevCo, Inc.

Patrick Woerner, Investor Relations of EnDevCo, Inc., [phone], [e-mail]

http://www.endevcoinc.com

[chiptrader]

langsamm kommt wieder leben in ende!

super volumen heute wieder!

hoffe wir schliesen am ende dieser woche über 10 cents!

chip

[chiptrader]

EnDevCo berichtet über die Hauptinitiative, die auf Zeitplan über COMTEX weiterkommt Juli 14, 2004 HOUSTON, Jul 14, 2004 /PRNewswire-FirstCall über COMTEX/ -- EnDevCo, Inc. (OTC Anschlagbrett: ENDE), der Energie-Entwicklung Company`s funktionierende Hauptoffizier, Richard G. Boyce, gab eine Aussage heraus, die heute Fortschritt auf der gebührenden Sorgfalt aktualisiert, die den Erwerb der Gasproduktion in Oklahoma stützt. " Wir haben jetzt unseren onsite Service Kontrolle durchgeführt und unser unabhängiges Technikunternehmen erwarten, ihren Reservereport Ende Julis, " durchzuführen; angegebener Herr Boyce. " Sobald der Reservereport vorhanden ist, nehmen wir In der LageSEIN, auf diesem Erwerb vor dem Ende des dritten quarter." zu schließen vorweg; EnDevCo hat die Finanzierung Verpflichtung für dieses Projektkontingent auf dem Resultat der Reserveauswertung gesichert. " Unsere ausführliche ökonomische Auswertung dieses Projektes hat nur gedient, unser Geschäft Modell zu verstärken, daß diese die Arten der Spiele sind, die EnDevCo fortfährt, auszuüben. Die niedrige Gefahr Natur des Entwickelns einer ununterbrochenen Gasablagerung wie der Caney Schiefer, der eine lange gelebte Reserveunterseite erbringt, paßt gut mit unserem Geschäft Modell für EnDevCo, " anhaltendes Ernie Miller, VP der Finanzierung. EnDevCo schätzt das ursprüngliche Gas im Platz über der 14.600-Morgen-Erbpacht, um über 2.3 Tcf zu sein und erwartet, ungefähr 500 Bcf über den folgenden 15 Jahren zurückzugewinnen. An der vollen Produktion projiziert die Firma sein Reineinnahmeinteresse von der Erbpacht, $150 Million zu Tagespreisen pro Jahr zu übersteigen. Dieses Pressekommuniquã© schließt bestimmtes " ein; Vorwärts-Schauen von von statements" . Die Vorwärts-schauenden Aussagen reflektieren den Glauben, die Erwartungen, die Zielsetzungen und die Ziele von EnDevCo, Inc. Management in Bezug auf zukünftige Fälle und finanzielle Leistung. Sie basieren auf Annahmen und Schätzungen, die zu der Zeit geglaubtes angemessenes sind, solche Aussagen werden gebildet. Jedoch konnten tatsächliche Resultate von vorweggenommenen Resultaten materiell sich unterscheiden. Wichtige Faktoren, die tatsächliche Resultate auswirken können, schließen ein, aber werden nicht auf Rohstoffpreise, politische Entwicklungen, richterliche Entscheidungen, Markt und Wirtschaftslage, Industriekonkurrenz, das Wetter, Änderungen in den Geldmärkten und ändernde Gesetzgebung und Regelungen begrenzt. Die Vorwärts-schauenden Aussagen, die in diesem Report enthalten werden, sollen für die sicheren Hafenbestimmungen des Abschnitts 21E der Aktien und der Austausch-Tat von 1934 qualifizieren, wie geändert. EnDevCo, Inc. ist dynamische und wachsende beibehaltene Büros der Energiefirma in Houston und in Dallas, Texas. Zu mehr Information über EnDevCo Besuch http://www.endevcoinc.com. QUELLE EnDevCo, Inc.. Patrick Woerner, Beziehungen zwischen den Investoren von EnDevCo, Inc., [phone], [e-mail] http://www.endevcoinc.com

[chiptrader]

endevco bastelt schön weiter an seiner storry!
na vielleicht gibt bald mal ne richtige hammer news und dann geht die post ab!

in die kurs regionen von denen karl schon lange träumt!
0,5-1,0!!!!!!!!!!

[chiptrader]

der tag gestern war doch ok!
so kann´s weiter gehen!

könnte mir gut vorstellen das wir bald zweistellig sind(hinterm komma) und dort auch bleiben werden!

grüssle chip

[superkarl]

@chip

nicht so kanns weiter gehen,
sondern, so wird es weiter gehen .

[chiptrader]

sorry meinte ich doch!

[chiptrader]

sehr schön so!

weiter so!

chip

[krono]

die 0,1 ist wohl heut noch fällig!

[chiptrader]

jo kann gut sein!

ende juli sollen weitere news kommen dann gehts erst richtig los!

[chiptrader]

volumen scheit heute auch wieder gut zu werden!

[krono]

woher weißt du das mit den news???

[chiptrader]

lese mal die letzte news!

da schreibt endevco das ende diesen monats weitere news kommen sollen!

[chiptrader]

"We have now completed our onsite facilities inspection and expect our independent engineering firm to complete their reserve report by the end of July"

[chiptrader]

super tag heute für ende mal schauen ob wir über den 10 cents enden heute!

[chiptrader]

schon komisch das sich noch fast keiner für ende interessiert!

frage mich wie viele chancen die meisten noch wollen um in ende günstig rein zu kommen denke bald ist es zu spät!

[superkarl]

@chip
hast du schon gesehen, da jemand joes so
richtig hochgeprügelt.

[megadax]

@chip

habe MEEGAA-Interesse an ENDE, muß schließlich mein Haus damit finanzieren
Bin aber nach wie vor der Meinung, dass es gar nicht so gut ist, wenn hier `ne Hysterie à la SNNW entsteht.
Lieber ruhig und jeden Tag 10-20 % nach Norden, dann stehen wir früher oder später sowieso da, wo wir hin wollen
(1USD + x).
Laßt die anderen ihre Dinger spielen, wir spielen ENDE.
Vielleicht können wir ja dann bei 1,0 USD `nen Hype entfachen

mega

[superkarl]

@megadax
Meine Worte

[chiptrader]

ja voll meine meinung!

[chiptrader]

was mir sehr gur gefällt ist das es unter so hohen umsätzen so stark nach oben geht!

die nächsten wochen könnten entscheidend werden wenn ende diesen monat noch die studie raus bringt!

heute wünsche ich mir noch nen schönen wochen schluss kurs von 10 cents + xxxxx!

chipi

[sterntaler2]

Candlestick Analysis


Today’s Candlestick Patterns:
Long White Candlestick


Today a Long White Candlestick formed. Buyers were aggressive and buying pressure was strong. Be careful, this may lead to excessive bullishness!

[chiptrader]

ja habe es bemerkt!

was für ein volumen nach so kurzer zeit langsamm kommt ende in fahrt!

chipi

[chiptrader]

sollte wie angekündigt am ende des monats noch ein guter report über diese gasprojekt kommen sind wir schnell bei 15-20cents!

oder was meinst karl!

nach dem endevco jetzt seine management truppe zusammen hat können sie sich voll auf das geschäft und umsatz/gewinne konzentrieren!

[chiptrader]

sieht doch sehr gut aus!

[chiptrader]

und unser baby steigt und steigt!

[chiptrader]

sonnst fällt mir nichts meht ein!

[superkarl]

@chip
zuschauen und genießen.
Man muß nicht immer alles kommentieren.

[superkarl]

Es wird viel zu reden geben, wenn der Kurs
bei 1,00 Euro steht.

[chiptrader]

na dann soll ende mal gas geben und gas produzieren!

prost auf den euronen!

[chiptrader]

eigentlich sollte ich mir ja noch mal nen paar kaufen!

[chiptrader]

auf ende weiter hoch!

[benefactor [KommA]]

Was hat Endevco für Projekte am laufen?

[chiptrader]

schau mal auf der hp bei news und projekte!

oder ein zwei seiten weiter vorne die letzte news!

chip

ps: schöner tag gestern für ende!

allen ein super wochenende!

[sterntaler2]

http://www.endevcoinc.com/ .

[sterntaler2]

http://www.endevcoinc.com

[benefactor [KommA]]

So, ich habe mir jetzt Endevco mal angeschaut. Die Projekte von ENDE klingen ja ganz nett, aber Endevco hat selber absolut kein Geld um die Projekte zu finanzieren. Der Cashbestand von Endevco liegt gerade mal bei lächerlichen 479 USD. Endevco ist in diesem Fall natürlich auf Fremdkapital angewiesen und wenn es zu Finazierungen kommt, sind diese an der OTC immer sehr sehr windig und belasten meistens die Aktien.

[chiptrader]

27.05.2004
Fidelis Energy Outperformer
Schmider Investments

Die Experten von " Schmider Investments" stufen die Aktie von Fidelis Energy (ISIN US3157461076/ WKN A0B9Q9) mit " Outperformer" ein.

Die Aktie des amerikanischen Öl- und Gasexplorationsunternehmens Fidelis Energy gehöre derzeit zu den spannendsten Anlagealternativen im internationalen Small Cap Rohstoffsegment. Die Gesellschaft lege ihren Akquisitionsfokus auf unterentwickelte Öl- und Gasprojekte in Kalifornien und Kanada. Ziel sei es, durch modernste Technologie und mit Hilfe des hocherfahrenen hauseigenen Expertenteams einige von den Großkonzernen der Branche vernachlässigte Lagerstätten mit gutem Potenzial zu neuem Leben zu erwecken und deren Produktionsraten zu steigern.

Im Augenblick besitze Fidelis Energy zwei Schlüsselprojekte: Das Comanche Point Projekt in Kern County, Kalifornien und das North Franklin Projekt in der Nähe von Sacramento. Im North Franklin Projekt würden hohe Gasreserven vermutet. Soeben gebe die Gesellschaft einen neuen Gasfund in North Franklin bekannt. In einem großen Exklusivinterview mit den Experten erkläre Präsident Frank Anjakos, dass das Unternehmen innerhalb der nächsten 6 Wochen damit rechne, in North Franklin in die Produktion gehen zu können. Dies wäre ein bedeutender Schritt für den Juniorexplorer, weil es in einem solch frühen Unternehmensstadium höchst ungewöhnlich sei, bereits produzieren zu können.


Anajakos gehe davon aus, dass die weitere Firmenentwicklung (Akquisitionen und Exploration) bereits durch den Cashflow aus diesem Projekt finanziert werden könne. Sollte sich dies als richtig erweisen, und die ersten unabhängigen Studien zu North Franklin würden in diese Richtung weisen, würde Fidelis sich innerhalb kürzester Zeit zu einem echten Highflyer an der Börse entwickeln. Die geologische Beschaffenheit des North Franklin Gasfeldes sei der des bekannten Staten Island Feldes sehr ähnlich. Dort werde durchschnittlich 7,000 mcf/Tagy Gas gefördert.

Die Aktie sei momentan ausgesprochen günstig. Der möglicherweise schon im Sommer einsetzende Cashflow sei im Kurs noch nicht eskomptiert. Man gehe von Kursen über 1,50 USD in den nächsten beiden Wochen aus (derzeit 1,10 USD). Auf die Notierungen in Deutschland projiziert erwarte man 1,40 Euro auf Monatssicht. Eine Kursverdreifachung bis zum Jahresende sei durchaus realistisch, wenn die Cashflow Prognosen des Unternehmens sich in den nächsten beiden Monaten bewahrheit würden.

Zweifellos sei diese Aktie nur ein Papier für den risikobewussten spekulativ orientierten Privatinvestor, der um die Gefahren eines solch marktengen Energiewertes wisse und sich mit Micro Caps bestens auskenne. Die Abhängigkeit der Gesellschaft von einigen wenigen Projekten im Early Stage Stadium, von den Energiepreisen im allgemeinen und von der Führungsfähigkeit des Managementteams im besonderen sorge für Risiken, die im ungünstigsten Fall bis zum Totalverlust reichen könnten. Die Volatilität eines solchen Wertes sei zudem enorm.

Der Anleger sei verpflichtet, seine Positionen permanent zu überwachen und die Nachrichtenlage über die Projekte der Gesellschaft sorgfältig zu verfolgen, um im Zweifel sofort aussteigen zu können. Dieser Wert diene als Depotbeimischung und nicht als Vollinvestment. Allerdings sollten sich auch entsprechend strukturierte Rohstofffonds jetzt überlegen, ob nicht erste Positionen in diesem Titel aufgebaut werden könnten. Die Stop-Loss Marken sollten unbedingt eingehalten werden, die Experten würden 0,80 Euro als Verkaufsgrenze empfehlen.

Die Experten von " Schmider Investment" bewerten die Aktie von Fidelis Energy mit " Outperformer" . Wenn im Juli tatsächlich erster Cashflow generiert werden könne, rate man dringend zu aggressiven Zukäufen.

na solche empfehlungen könnten zu endevco auch bald kommen dann werden erst die meisten aufmerksamm auf ende!

[benefactor [KommA]]

Fidelis Energy ist ein richtiger Underperformer und absolut überteuert.

Du kannst nur hoffen das bei ENDE nie so zwielichtige Empfehlungen rauskommen und es sich bei ENDE um eine Firma handelt, die wirklich Wert auf Erfolg legt und nicht nur ein paar Anleger abzocken möchte.

[chiptrader]

das hoffe ich auch!

mein großer vorteil ist das ich zwischen 0,015-0.045 eingestiegen bin und viel platz im kurs nach unten ist bis es bei mir ernst wird, werde aber nächste woche noch mal nachlegen weil ich bei ende ein sehr gutes gefühl habe!


grüssle chip

[chiptrader]

@ bene,

was ich so toll an ende finde ist das noch keiner von den ober zockern hier aufgetaucht ist um zu pushen (mc oder mcstock) das würde mir überhaupt nicht passen!

chip

[superkarl]

@benefactor
bei Endevco liegen die Millionen doch im Boden und daher ist es gar nicht sooooo wichtig, wieviel die in der Tasche haben.
Also bitte ein bischen mehr Phantasie, davon lebt doch die Börse.

Allen einen schönen Sonntag und eine
noch schönere nächste Woche.

[chiptrader]

morgen karl,

na ja nen bissle kohle braucht ende ja schon irgend wie müssen die ja die millionen ja auch aus dem boden holen!

aber das wird schon mit endevco!

chipi

[chiptrader]

HOUSTON /PRNewswire/ May 13, 2004
EnDevCo Announces Formation of Strategic Resources Fund
EnDevCo, Inc. (OTCBB:ENDE.OB) the Energy Development Company, today announced formation of the
Strategic Resources Fund (SRF). The SRF is targeting an initial funding of $100 million, soliciting investment
capital from institutional investors, private money managers, investment banks and high net-worth individuals. The
Strategic Resources Fund name is derived from the Company’s recognition that energy resource development is of
strategic importance in what is becoming the “Decade of Commodities”. The Fund will provide project financing for
both EnDevCo and third party projects.
EnDevCo has already identified projects for the SRF that meet the criteria of offering fund investors downside risk
protection and immediate cash flow from known producible reserves. However, a characteristic unique to the SRF
requires that projects should also deliver significant upside potential in the form of exploratory drilling. The
borrower will fund exploration drilling from project cash flow after payout of the SRF development loan. “Real
reserve growth can only be accomplished through the drill bit”, stated Chris A. Dittmar, CEO of EnDevCo.
“Trading reserves between companies through the process of merger and acquisition does not create a larger reserve
base. Considering that oil and gas prices are currently at all time highs, the winner at an auction may well have paid
too much for those reserves. The SRF management has developed a structure that offers Fund investors an
opportunity to participate in the project upside, while limiting their financial risk and exposure.”
EnDevCo’s projects targeted for the SRF include drilling opportunities on four blocks in the Gulf of Mexico and an
unconventional gas play being developed in the U.S. mid-continent region. Initial work planned in the Gulf of
Mexico includes drilling and completion of three wells on Eugene Island Block 294. These low risk wells are less
than 6,000 feet deep, can be developed utilizing the existing platform facility and are targeted to produce an
estimated 16.2 Bcf of new gas reserves. These reserves have been identified and mapped by EnDevCo’s technical
staff utilizing 3D seismic data. EnDevCo management believes the SRF will provide the Company with additional
financing options over and above traditional stock offerings which are dilutive in nature.”
Mr. Richard Boyce, EnDevCo COO added, “We are particularly focused on developing natural gas projects in North
America. Our analysis of the fast-growing U.S. demand for natural gas indicates strong returns on natural gas
projects for at least the next two decades. A properly structured deal will allow the financiers of such projects to
benefit from the upside created by that demand. Our management team is also positioning EnDevCo for
participation in oil development projects in international venues. We believe that demand from growing economies
in China and through out the far east will continue to support high crude oil prices for the foreseeable future.”
This press release includes certain “forward-looking statements”. The forward-looking statements reflect the beliefs, expectations, objectives,
and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates,
which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results.
Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market
and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forwardlooking
statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange
Act of 1934, as amended.
EnDevCo, Inc., the Energy Development Company, (OTCBB:ENDE.OB) is a dynamic and growing energy company establishing an identity
consistent with its business development activities. The Company participates in three sectors of today’s energy industry: 1) oil and gas
exploration and production, 2) development of new technologies which increase oil and gas production, using that technology to gain leverage in
the purchase of domestic natural gas production, and 3) merchant power and integrated industrial site development. EnDevCo maintains offices
in Houston and Dallas, Texas. For more information on EnDevCo visit www.endevcoinc.com .
Contact: Patrick Woerner, Investor Relations 713-880-8711 [e-mail]

[chiptrader]

Board of Directors

Richard G. Boyce - Director, Chief Operating Officer

Mr. Richard G. Boyce is currently serving a three year term as a director of the Corporation and additionally serves as the Chief Operating Officer with responsibility for all activities of EnDevCo, Inc. . In addition to his activities with the Company, Mr. Boyce maintains an active geological consulting practice in Dallas, Texas.


In 1998, under the auspices of his privately held company, Partners In Exploration, LLC ("PIE"), Mr. Boyce negotiated a Memorandum of Understanding ("MOU") relating to an exploration and production agreement with the Ministry of Oil and Mineral Resources in the Republic of Yemen on the highly competitive Blocks 20 and 42 located adjacent to major oil production. In July 1999, Mr. Boyce signed a 50/50 joint venture agreement with the predecessor company to EnDevCo, Inc. to pursue Yemen Block 20. This joint venture arrangement resulted in both companies signing a MOU with the Yemen Ministry of Oil in October 1999, which gave the companies an exclusive right to negotiate a Production Sharing Agreement ("PSA") for Yemen Block 20. Subsequently, Mr. Boyce merged his privately held company with what has now become EnDevCo, Inc. and through that merger became a substantial shareholder in the Company.


Prior to his involvement with the Company, Mr. Boyce began his career as a geophysicist for The Superior Oil Company ("Superior") with early training at the Geoscience Laboratory in Houston, Texas. In l980, Mr. Boyce transferred to Midland, Texas subsequently leaving Superior to work for both Conquest Exploration Inc. and Hunt Oil Company during his ten-year stay in the Permian Basin. In 1991, Mr. Boyce served as the Chief Geophysicist for Hunt Oil Company ("Hunt Oil") based in Dallas, Texas and in 1992 was appointed the Exploration Manager for the Yemen Hunt Oil Company ("Yemen Hunt"), the Operator of the Marib Production Sharing Area in Yemen which daily produces 140,000 barrels of oil. During this time he also served as the Exploration Vice President of the Hunt Oil subsidiaries, Ethiopia Hunt Oil and Jannah Hunt Oil. In addition to managing the daily exploration drilling operations and prospect generation activities, his responsibilities included the negotiation of international contracts, partner relationships, and representation of industry operating groups with foreign governments. Under Mr. Boyce`s leadership of the Yemen-Jannah exploration program, several new fields were discovered, resulting in the addition of booked reserves of over 200 million barrels of oil. At Yemen Hunt, Mr. Boyce was responsible for the introduction of the first 3-D seismic program in the Marib Area, resulting in production increases of 50,000 barrels of oil per day. In l996, Mr. Boyce left Hunt Oil and started Partners In Exploration, LLC, an exploration consulting partnership that provided seismic and geological interpretation services for clients on a worldwide basis.


Mr. Boyce graduated from the Colorado School of Mines in l978 with a Bachelor of Science degree in Geophysical Engineering and currently maintains active membership in the American Association of Petroleum Geologists, the Society of Exploration Geophysicists and the Association of International Petroleum Negotiators professional organizations. Mr. Boyce is a registered geophysicist (No. 2179) licensed by the State of Texas Board of Professional Geoscientists.


John A. Brush- Independent Director

Mr. John A. Brush is currently serving a two year term as a non-executive independent director of the Corporation. Mr. Brush brings the experience and depth of a distinguished twenty-two year career in oil and gas law to the Board of Directors.

Mr. Brush is currently employed as Senior Contracts Administrator for Computer Sciences Corporation located in Houston, Texas. Computer Sciences Corporation ("CSC") is a large information technology corporation that is a leader in the field of outsourcing information technology to a worldwide client base.

Prior to joining CSC, Mr. Brush was in private legal practice for five years. His clients included large and small oil and gas exploration and production companies, entrepreneurs and foreign government agencies. Earlier, Mr. Brush served as Vice President and General Counsel for Forcenergy, Inc. ("Forcenergy"). While serving in this capacity, Mr. Brush designed and implemented land acquisition and marketing strategies and managed day to day legal issues on a corporate level that included coordination of multiple outside legal firms in a wide variety of cases. In addition, Mr. Brush evaluated government marketing, transportation and royalty regulations that had a significant impact on company operations and profitability. During his tenure at Forcenergy, Mr. Brush coordinated a $60 million dollar initial public offering ("IPO") of the company`s stock and simultaneously coordinated the merger of the company with a privately held independent oil company.

Mr. Brush has extensive experience in business development activities having worked over nineteen years with several premier independent oil and gas companies including Apache Corporation, Hamilton Brothers Oil Co., The Superior Oil Company and Michigan Wisconsin Pipe Line Company. Areas of experience in this environment include dealing with multinational corporations, various U.S. and foreign government agencies and ministries, opposing counsels, co-venturers, insurers and financial institutions. Mr. Brush`s legal experience during this time include joint operating agreements, oil and gas exploration concessions, natural gas, oil, sulfur and liquids sales royalties, processing plant agreements, joint bidding agreements, farmout agreements, settlement agreements, public offerings and private financing, risk management including hedging strategies, acquisitions, divestitures and mergers. Mr. Brush also has extensive experience marketing oil, natural gas, liquids and sulfur in the United States, Asia, Canada and Europe, having been responsible for marketing over 12,500 barrels of crude oil and 120 million cubic feet of gas production daily that generated annual revenues in excess of $175 million dollars.

In addition to his domestic experience, Mr. Brush`s international experience includes review and negotiation of deals in Albania, Aruba, Australia, Bangladesh, Belize, Brazil, Canada, Cameroon, Chile, Croatia, Dagastan, Ecuador, Egypt, England, Equatorial Guinea, Eritrea, Gabon, Ghana, India, Indonesia, Malaysia, Netherlands, Norway, Peru, Scotland, Suriname, Thailand, Turkey and Venezuela.

John A. Brush graduated from the South Texas College of Law, Houston, Texas with a Juris Doctorate Degree. Mr. Brush completed his undergraduate studies at the University of Michigan, receiving a Bachelor of Arts degree in Political Science. Mr. Brush has been admitted to the State Bar of Texas and is a member of the American Bar Association and the Houston Bar Association. He is also a member of the American Corporate Counsel Association, the American Association of Professional Landmen, the Association of International Petroleum Negotiators, the Natural Gas Association of Houston and New Orleans and the Houston Producers Forum.

Charles R. Close - Independent Director

Mr. Charles R. Close is currently serving a two year term as a non-executive independent director of the Corporation. Mr. Close brings the experience and depth of a distinguished career in accounting and taxation expertise specific to the energy business to the Board of Directors.

Mr. Close is the owner of Close & Associates, PC ("Close & Associates"), a certified public accounting practice located in Houston, Texas that specializes in the energy industry. Mr. Close has been continuously employed in that practice for ten years. The business activities of Close & Associates focus on tax financial reporting issues, federal and state tax planning and compliance, transaction analysis and support, and federal and state audit support for several large public independent oil and gas companies and drilling and oilfield service companies. Close & Associates also provides full financial support for a privately owned energy service company, including the oversight and preparation of the daily accounting operations, preparation of the monthly financial package, preparation of annual operating budgets, and management of working capital. Other management duties include business development, contract negotiations, and strategic planning.

Prior to starting Close & Associates in 1993, Mr. Close enjoyed a successful tenure at Price Waterhouse in Texas. During his time at Price Waterhouse, Mr. Close advanced from the position of Staff Accountant through the positions of Consultant, Manager and ultimately served as the Senior Tax Manager in the Petroleum Industry Services Group. Responsibilities included tax planning, consultation and compliance for large oil and gas exploration and production companies and for a wide variety of oil field service companies.

Mr. Close graduated from the University of Texas in 1980 with a Bachelor`s Degree of Business Administration (Accounting) and is a Certified Public Accountant. He is a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants.

Chris A. Dittmar - Director, Chief Executive Officer

Mr. Chris A. Dittmar is currently serving a three year term as a director of the Corporation and additionally is serving as Chief Executive Officer and Corporate Secretary of EnDevCo, Inc. Mr. Dittmar is also the Chief Executive Officer of Alliance Energy Corporation. Alliance is a privately held corporation currently engaged in oil and gas exploration and production activities, and power development on an international basis.


Mr. Dittmar was the Chairman, President and CEO of Xavier Corporation from 1993-1997. Xavier was an independent exploration and production corporation principally engaged in the acquisition and development of natural resources in the Former Soviet Union ("FSU"). It entered into joint ventures and technical service agreements with Russian entities for the exclusive exploration, development, production, processing and marketing of oil and gas reserves in excess of two billion barrels. While with Xavier, Mr. Dittmar developed the corporate business plan and raised $100 million dollars of equity and debt equity financing for it`s implementation. Mr. Dittmar also has extensive experience recruiting and managing senior management teams required to implement large-scale international operations.


Prior to 1993, Mr. Dittmar operated a private investment entity for family oil and gas investments and has held previous positions as Assistant Controller for Occidental Chemical Company and Audit Manager for Occidental Petroleum Corporation as well as a Senior Accountant at Aluminum Company of America.
Mr. Dittmar graduated from Cleveland State University, Cleveland, Ohio with a Juris Doctor. Mr. Dittmar completed his undergraduate studies at Iowa State University graduating with a Bachelor of Science in Economics and Finance. He is an active member in the Association of International Petroleum Negotiators.



E. Barger Miller III- Independent Director, Chairman

Mr. Miller is serving a one year term as a non-executive independent director of the Corporation and has been named as Chairman of the Board of Directors. He is the President of E. B. Miller & Co. ("Miller & Co.), which provides business development consulting and investment banking/project finance assistance with an emphasis on Latin American projects. Based in Houston, Texas, Miller & Co. is involved in various international oil and gas projects including a 2,500 barrel per day refinery in Bolivia.

Mr. Miller`s experience spans a career of over forty years in all aspects of oil and gas development including experience with Exxon Corporation, USA as an engineer, business analyst and products trader. He has also worked extensively for approximately half of his career in the investment banking and venture capital markets with both private and public institutions with a focus on private placements, project financings, debt and equity financing, leveraged buyouts, divestitures and acquisitions.
Additionally, Mr. Miller has served in the position of President, CEO and Director of Minden Oil and Gas, Inc., which was an independent exploration and production company.

Mr. Miller graduated from Northwestern University, Chicago, Illinois with an MBA in Finance and from Stanford University, Palo Alto, California with a B.S. in Chemistry.

[chiptrader]

na mal schauen ob es morgen mit ende weiter steil nach oben geht oder wir die 10 cents noch mal testen!

mein tip es geht weiter nach oben!

chip

[sterntaler2]

16.07.04
Today the stock closed higher, close to its high (sign of strength) with a higher high and a higher low. The volume is extremely high. The security price is trending up.

Sterntaler2

[chiptrader]

ich grüsse alle endevco fans und die die es vielleicht noch werden!

chip

[chiptrader]

na also fängt schon mal gut an!

[chiptrader]

handelsvolumen sieht auch schon sehr gut aus, so kanns weiter gehen!

[chiptrader]

sooooooo war wieder ein guter tag für ende!

[superkarl]

Das wird eine gute Woche für Endevco!!!

[chiptrader]

wollen wir es hoffen!

morgen karl!

chip

[megadax]

moin @all

habe derzeit wenig Zeit, mich um unser gedeihendes Baby zu kümmern.
Chip, welche Infos sollen diese Woche publiziert werden? Kannst Du mich mal auf Stand bringen?

TIP für Chip und Karl:

Caviar-Creator(www.caviar-creator.com)begibt in Kürze die 3. Tranche Vorzugsaktien raus. Börsengang geplant in QI 2005 an der Nasdaq. Preis der Vorzugsktien ca. 5,90 USD.
Geplante Bookbuildingspanne 15 - 20 USD. Schaut mal rein.

Gruß vom ENDE-Fan mega

[chiptrader]

hallo mega am 14.7 kamm doch eine news im zusammenhang mit dieser news soll ende diesen monats noch ein report kommen!

chip

[chiptrader]

HOUSTON/PRNewswire/July 14, 2004
EnDevCo Reports Major Initiative Progressing on Schedule
EnDevCo, Inc. (OTCBB: ENDE.OB), the Energy Development Company’s Chief Operating Officer, Richard G.
Boyce, issued a statement today updating progress on the due diligence supporting the purchase of gas production in
Oklahoma. “We have now completed our onsite facilities inspection and expect our independent engineering firm to
complete their reserve report by the end of July”, stated Mr. Boyce. “Once the reserve report is available, we
anticipate being able to close on this purchase before the end of the third quarter.” EnDevCo has secured the
financing commitment for this project contingent on the outcome of the reserve evaluation.
“Our detailed economic evaluation of this project has only served to reinforce our business model that these are the
types of plays that EnDevCo will continue to pursue. The low risk nature of developing a continuous gas deposit
like the Caney Shale which yields a long lived reserve base fits well with our business model for EnDevCo”,
continued Ernie Miller, VP of Finance.
EnDevCo estimates the original gas in place over the 14,600 acre leasehold to be in excess of 2.3 Tcf and expects to
recover approximately 500 Bcf over the next 15 years. At full production, the Company projects its net revenue
interest from the leasehold to exceed $150 million per annum at current prices.
This press release includes certain “forward-looking statements”. The forward-looking statements reflect the beliefs, expectations, objectives,
and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates,
which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results.
Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market
and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forwardlooking
statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange
Act of 1934, as amended.
EnDevCo, Inc. is a dynamic and growing energy company maintaining offices in Houston and Dallas, Texas. For more information on EnDevCo
visit www.endevcoinc.com .
SOURCE: EnDevCo, Inc. - contact Patrick Woerner, Investor Relations 713-880-8711 [e-mail]

[chiptrader]

We have now completed our onsite facilities inspection and expect our independent engineering firm to
complete their reserve report by the end of July”,

[dutt]

EnDevCo Highlights Unconventional Gas Strategy Developments
via COMTEX

July 20, 2004

HOUSTON, Jul 20, 2004 /PRNewswire-FirstCall via COMTEX/ --

EnDevCo, Inc. (OTC Bulletin Board: ENDE), the Energy Development Company`s COO, Richard G. Boyce, issued a statement today outlining initiatives focused on developing unconventional natural gas resources. "With natural gas prices rising and production declining, unconventional gas resources are quickly becoming the go-to plays for meeting the needs of an energy hungry nation. We believe that the next opportunity for continuous growth in natural gas production will come from the development of unconventional gas resources, such as gas deposits found in shale beds, tight sands and coal beds. As accessibility to these resources has been greatly enhanced by recent advances in drilling and completion technology, these unconventional plays now represent low risk targets," stated Mr. Boyce.

In light of the current demand-supply imbalance with respect to natural gas, EnDevCo has already identified and is pursuing the purchase of unconventional gas projects in Texas, Louisiana, Colorado, and Europe. Additionally, the Company has already announced it is conducting due diligence to complete the purchase of a producing gas project for the Caney Shale of eastern Oklahoma which is anticipated to close by the end of the third quarter 2004.

Mr. Boyce continued, "Industry numbers reveal that Coal Bed Methane alone accounted for 7% of total U.S. Natural Gas production in 2003 and is projected to account for roughly 9% in 2004. These types of unconventional gas projects typically payout within three years and offer a favorable rate of return while establishing proved gas reserves. We are committed to continuing to evaluate and, when appropriate, develop these unconventional resources in keeping with our long-term strategic and tactical plans for enhancing shareholder value".

This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com .

SOURCE EnDevCo, Inc.

Patrick Woerner, Investor Relations of EnDevCo, Inc., [phone], or [e-mail]

http://www.endevcoinc.com

[chiptrader]

na da gets ja schon weiter!

danke dutt!

[chiptrader]

muss mir erst mal die news in ruhe durchlesen!

[sterntaler2]

EnDevCo Highlights Unconventional Gas Strategy Developments
HOUSTON - PRNewswire-FirstCall - July 20
HOUSTON, July 20 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (BULLETIN BOARD: ENDE) , the Energy Development Company`s COO, Richard G. Boyce, issued a statement today outlining initiatives focused on developing unconventional natural gas resources. "With natural gas prices rising and production declining, unconventional gas resources are quickly becoming the go-to plays for meeting the needs of an energy hungry nation. We believe that the next opportunity for continuous growth in natural gas production will come from the development of unconventional gas resources, such as gas deposits found in shale beds, tight sands and coal beds. As accessibility to these resources has been greatly enhanced by recent advances in drilling and completion technology, these unconventional plays now represent low risk targets," stated Mr. Boyce.

In light of the current demand-supply imbalance with respect to natural gas, EnDevCo has already identified and is pursuing the purchase of unconventional gas projects in Texas, Louisiana, Colorado, and Europe. Additionally, the Company has already announced it is conducting due diligence to complete the purchase of a producing gas project for the Caney Shale of eastern Oklahoma which is anticipated to close by the end of the third quarter 2004.

Mr. Boyce continued, "Industry numbers reveal that Coal Bed Methane alone accounted for 7% of total U.S. Natural Gas production in 2003 and is projected to account for roughly 9% in 2004. These types of unconventional gas projects typically payout within three years and offer a favorable rate of return while establishing proved gas reserves. We are committed to continuing to evaluate and, when appropriate, develop these unconventional resources in keeping with our long-term strategic and tactical plans for enhancing shareholder value".

This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com/ .

EnDevCo, Inc.

Web site: http://www.endevcoinc.com/

[sterntaler2]

Doppelt hält besser !
Habe gar nicht den Beitrag von Butt gesehen ! Sorry !

Sterntaler2

[chiptrader]

sieht heute doch schon wieder recht gut aus!

[chiptrader]

das handelsvolumen sieht heute auch schon wieder sehr lecker aus!

[chiptrader]

so jetzt werden die 10 cents getestet gehen wir noch mal unter sie kauf ich mir noch nen paar ende!

chip

[dutt]

...heute noch ,12

[chiptrader]

ja die 10 cents scheinen zu halten!

chip

ps: weiter so ende!

[chiptrader]

über die 12 cents will unsere ende einfach nicht!
müssen wohl noch eine weile warten bis wir die hürde packen!

chip

[chiptrader]

hat heute jemand etwas von einer news mit bekommen!

na ja egal hauptsache ende steigt!

chip

[chiptrader]

na alles schon im urlaub oder was!

[chiptrader]

das handelsvolumen ist ja wieder recht hoch in den letzten tagen!

[chiptrader]

volumen weiter hin sehr hoch , was meint ihr wird da um die 0.06 kräftig gesammelt!

[Anddon]

Hallo Chip, mach uns mal etwas Mut,
Der Kurs scheint nämlich abzudriften

[Ichtradegern]

Schaut euch mal Endevco (WKN 914563, US-Kürzel: ENDE) an.
Da kauft einer zu 0,07 Euro, obwohl die bei 0,456 Euro geschlossen haben.
Keine News nachbörslich.
Wer bezahlt bloß so einen blöden Preis?
Makler müßte man sein. Die Aktie fällt sicherlich bis zur Eröffnung zurück auf 5 Cents.

Schönen Gruß

[chiptrader]

sehe ich das richtig sooo ein handelsvolumen gabs ja in germany noch gar nie!

und wegen des kurses in usa mache ich mir eigentlich wenig sorgen, weil wir schon einige mal wieder bis auf die 0.06 zurück kammen und dann immer wieder sehr schnell nach oben gelaufen sind!

chip

[chiptrader]

an der otc heute auch schon wieder nen sehr hohes volumen ende kommt wieder!

[chiptrader]

recht ruhig zur zeit hier!
aber langsamm wirds mal wieder zeit das wir in richtung 10 cents und weiter gehen!

gruss chip

ps: gehe morgen nen paar tage in urlaub werde aber ende weiter im auge behalten!

[Believer78]

Hat jemand mal ein paar brauchbare News, was ist mit den beiden Projekten, die immer wieder angesprochen werden?! Wäre dankbar für ein paar News;-) Gruß

[chiptrader]

leider haben diese hotlines dem ende kurs eher geschadet als genützt!

na ja könnten auch mal wieder news kommen denke auf jedenfall das wir dieses jahr mindestens noch mal die 0.15 sehen und das würde 200% bedeuten was mich nicht zufrieden machen würde aber wär trotzdem ganz schön!

aber wir wissen ja wenn ende erst mal los legt kanns auch mal schnell gehen, werde diese woche auf jeden fall noch mal nach kaufen und weiter warten, den der nächste hype kommt ob klein oder groß wobei mir groß lieber wäre!

chip

[Anddon]

Hallo Chip,
ENDE möchte gerne einen Reverse Split durchführen,
hast du keine Angst das dann der optisch aufgepeppte
Kurs abschmiert ?

[chiptrader]

hallo anddon,

wo hast die news her?

mit welchem faktor soll der split durch geführt werden!

chip

[Anddon]

@chip
aus dem Ragingbull thread ein Mail vom ENDE Vorstand
an User Lumik1 (Message 117185):
"When we took control of the Company two years ago, former management had not paid bills, had signed various leases and defaulted on them, had stiffed employees for salaries, and had not paid IRS employment withholding taxes--- and left about $900 in the bank account that they obviously did not know was there or they would have stolen that too.

During the first year of our involvement (2002-2003), most of our time was spent in answering irate telephone calls, nasty letters from various lawyers, angry shareholders and dealing with court judgments that various creditors had won against the company who had been avoiding various creditors for years. There was over $5 million in debt levied against the company and there were no real assets. John Adair even tried to force the company into involuntary bankruptcy claiming that he was the largest unsecured creditor of the Company due to non paid salary--after we fired him for his fraudulent mismanagement of the company. Enough whining!

Bottom line is that we have spent considerable time in negotiating with several of the largest creditors who hold judgements against the company and all have settled for about .50 on the dollar. The first of those is in the amount of $281,458 which is to be paid to a power engineering consultant in Virginia that sued and won a judgment against the company for an unpaid consulting bill of over $450,000. This was for work commissioned by John W. Adair that never led to any useful end for the company. We keep in close contact with that lawyer and they will be paid as soon as we get our stock price up, reverse split, register common shares for sale with an S-3 registration statement with the SEC--then we can sell common stock to raise the necessary funds to pay this debt. The company as a whole carries about $1 million in debt that is all in about the same state. Pending our ability to finally sell stock again, we will get these people paid off by selling some stock after the reverse split (see discussion below).

The promissory note to Pine Curtain was for the option to participate in the Eugene Island 294 project in the Gulf of Mexico. We have already paid off this note using the funds which were held in escrow by our former partner in Yemen Block 20--Occidental Petroleum. Those funds (approximately $700,000) were returned as a result of our settlement conditions with Occidental, once we had lost our interest in Block 20 as a result of an international arbitration in Paris. This settlement with Occidental also allowed us to remove over $4,000,000 in debt owed to Occidental due to the default by former managment of that project. Eugene Island 294 is a very sound low risk drilling venture and we are very close to raising sufficent capital through a private placement of our restricted stock to participate in drilling some new wells on that platform, which if successful, will provide near term cash flow. We hope that drilling can commence this fall.

When we gained control of the Company back in 2002, former management had issued all authorized common shares of stock (150 million shares) and had left nothing but debt to show for the sale of all of this stock. This of course is the basis for the proxy battle run by the SCORE Group, Inc.

In order for the Company to ever have a chance to move forward, it was necessary to have the shareholders authorize additional shares of common stock that could ultimately be issued by the Company treasury. That number was authorized at 500 million shares at last year`s Annual Meeting. However, our total outstanding shares of common stock today is about 180 million (not 500 million) as you might have thought from this disclosure statement.

Again, since all authorized common stock of the company was already issued, our managment team did not have any money, any assets, any common stock to sell in order to raise capital to run the company. The only capital asset left in the company was 5 million shares of prefered stock. The Board of Directors authorized that this stock be set with a value of $1.00 per share and with voting and conversion rights into common stock of 1:1,000 (one pref share converts into 1000 common shares and gets 1000 votes in a shareholders election). At the time this decision was made our common stock was selling for $0.01 --thus the conversion rate of 1000:1 into common stock.

Since that time, the Company has issued approximately 4.8 million of those pref shares to various employees and closely held business partners in order to secure the various projects that the Company is now working on. At some time in the future those shares (at the option of the holder) can be converted into common stock--but only at such time as sufficent common shares are actually available for the conversion. If you do your math, you will notice that the 4.8 million pref shares convert into 4.8 billion common shares. This of course is well above the 500 million common shares authorized by the shareholders of the company. So you might ask--what the hell is all of this about and what does it mean to a shareholder?

Essentially this brings us to the need to conduct a reverse split of ENDE stock. If you read over the discussion of the reverse split in last years proxy statement, you will note that all shares, both common and preferred will reverse split on the same ratio. If we make an assumption that we reverse split the stock at a price of $0.25/share the reverse split ratio becomes 28:1 (twenty eight old shares becomes one new share). Divide $7.00 by $0.25 and get a ratio of 28:1.

This means that post reverse split:
180,000,000 old common shares (outstanding) becomes 6,428,571 new common shares. [ Divide 180,000,000 by 28.]
4.8 million old pref shares (converting to 4.8 billion common shares) becomes 171,428,571 new common shares. [ Divide 4,800,000,000 by 28.]

This means the new total outstanding amount of stock in the corporation is 177,857,142 common shares (assuming all pref shares have converted into common shares) which can be then multiplied by $7.00/share to derive a market capitalization measure of $1,245,000,000. Yes, that is $1.245 billion dollars in market capitalization.

This means that existing common shareholders will retain about 3.6% of the company while the current preferred shareholders will own 96.4% of the company. The current preferred shareholders are a very small group of people, including myself, who have invested the sweat, brains and will power to bring us all to this point. They have all been in this business venture for the long haul and have no intention of cashing in to make the quick buck after the reverse split.

Some will say that this represents massive dilution of the shareholders. However, the alternative was to declare bankruptcy which would have wiped out all existing shareholder value. We think this actually represents a rare opportunity for an investor such as yourself.

Think of it this way. After the reverse split, there wil be 177 million shares issued and outstanding (in a company with the project portfolio that you have already seen in our brochure--which is still confidential by the way.) However 171 million of those shares are held by the insiders of the company and will not be traded or sold in the open market. The actual float of shares available for trading in the open market will only be the 6.4 million shares currently held by our common stock shareholders. Our stock price is a function of the supply and demand for the stock in the open market. There will be a very limited supply and it is up to company managment to create the demand for the stock by providing good news about our projects, financing for those projects and finding oil and gas to add to our balance sheet. We are very close to reporting success on all of those fronts. It is our control over how much new stock is in the market combined with the types of real projects that the company is engaging in that will support our stock price to move north from $7.00 to something that is representative of a company with a market capitalization like ENDE will have at that time. The real added value will of course take some time--projects will have to have some success and our balance sheet will have to be showing proper fundamentals for a period of time (1-2 years?) before the market will truly believe that we are a real company.

After the reverse split, we will qualify to move to the NASDAQ National Marketing System. Since the stock price will be about $7.00 at that time, ENDE stock will be handled by reputable market makers and the large brokerage houses like Merrill Lynch, Solomon Smith Barney and the like will be able to represent this stock to their customers. The stock can then be margined and is then something that can be found in institutional portfolios. This will bring a certain level of stability to our stock price that is impossible as long as we remain on the Bulletin Board and subject to the lax rules in that environment.

I just got your message about the price per share in the short term. Our plan there is to begin announcing financing and projects during September. We are going to have to rely on sustained buying during that time to dry up the availability of shares in the open market which will cause the price in the open market to raise up."

[chiptrader]

danke für info anddon!

[chiptrader]

Als wir Steuerung der Firma zwei Jahren nahmen, hatte ehemaliges Management Wechsel nicht eingelöst, hatte verschiedene Mieten unterzeichnet und auf ihnen, hatte stiffed Angestellte für Gehälter und hatte gezahlt nicht Quellensteuern der IRS Beschäftigung zurückgefallen --- und linke ungefähr $900 im Bankkonto, das sie offensichtlich vor nicht waren dort wußten oder sie würden das auch gestohlen haben. Während des ersten Jahres unserer Miteinbeziehung (2002-2003), wurde die meisten unserer Zeit verbracht, wenn man zornige Telefonanrufe, böse Buchstaben von den verschiedenen Rechtsanwälten, verärgerte Aktionäre und das Beschäftigen richterliche Entscheidungen beantwortete, die verschiedene Gläubiger gegen die Firma gewonnen hatten, die verschiedene Gläubiger für Jahre vermieden hatte. Es gab über $5 Million in der Schuld, die gegen die Firma erhoben wurde und es gab keine realen Werte. John Adair versuchte sogar, die Firma in den unfreiwilligen Bankrott zu zwingen, der behauptet, daß er der größte ungesicherte Gläubiger der Firma wegen des nicht zahlenden Gehaltes war -- nachdem wir ihn für seine betrügerische Mißwirtschaft der Firma feuerten. Genug jammernd! Endergebnis ist, daß wir beträchtliche Zeit beim Vermitteln mit mehreren der größten Gläubiger verbracht haben, die Urteile gegen die Firma halten und alle haben für ungefähr 50 auf dem Dollar vereinbart. Das erste von denen ist in der Menge von $281.458, die gezahlt werden soll einem Energie Technikberater in Virginia, das ein Urteil gegen die Firma für eine unbezahlte beratene Rechnung von über $450.000 klagte und gewann. Dieses war für die Arbeit, die von John W. Adair beauftragen wurde, der nie zu jedes nützliche Ende für die Firma führte. Wir halten im nahen Kontakt mit diesem Rechtsanwalt und sie sind, sobald wir unseren Aktienpreis oben erhalten, umgekehrter Aktiensplit, registrieren allgemeine Anteile für Verkauf mit einer Ausrichtung S-3 Aussage mit der sek zahlend -- dann können wir Stammaktien verkaufen, um das notwendige Kapital aufzubringen, um diese Schuld zu zahlen. Die Firma trägt als Ganzes ungefähr $1 Million in der Schuld, alle die im ungefähr gleichen Zustand ist. Während unsere Fähigkeit, Vorrat schließlich wieder zu verkaufen, erhalten wir diese Leute ausgezahlt, indem wir irgendeinen Vorrat nach dem umgekehrten Aktiensplit verkaufen (sehen Sie Diskussion unten). Die versprechende Anmerkung, zum sich zu sehnen Vorhang war, damit die Wahl am Projekt der Eugene Insel 294 im Golf von Mexiko teilnimmt. Wir haben bereits weg von dieser Anmerkung mit den Kapitaln, die in der Übertragungsurkunde von unserem ehemaligen Partner in Yemen Block 20 gehalten wurden -- abendländisches Erdöl gezahlt. Jene Kapital (ungefähr $700.000) wurden resultierend aus unseren Regelung Bedingungen mit abendländischem zurückgebracht, sobald wir unser Interesse an Block 20 resultierend aus einer internationalen Schlichtung in Paris verloren hatten. Diese Regelung mit abendländischem über $4.000.000 in der Schuld zu entfernen uns auch erlaubt, verdankte abendländischem wegen der Rückstellung durch ehemaliges managment dieses Projektes. Eugene Insel 294 ist ein sehr stichhaltige niedrige Gefahr bohrenwagnis und wir sind sehr nah an dem Anheben des sufficent Kapitals durch eine Privatplazierung unseres eingeschränkten Vorrates, um teilzunehmen, an, einige neue Brunnen auf dieser Plattform zu bohren, die, wenn erfolgreich, nahe Bezeichnung Bargeldumlauf zur Verfügung stellt. Wir hoffen, daß die Bohrung diesen Fall beginnen kann. Als wir Steuerung der Firmarückseite 2002 gewannen, hatte ehemaliges Management alle autorisierten allgemeinen Kapitalanteile (150 Million Anteile) herausgegeben und hatte nichts aber Schuld, für den Verkauf von den ganzen diesen Vorrat darzustellen gelassen. Dieses ist selbstverständlich die Grundlage für die Vollmachtschlacht, die durch die KERBE Gruppe, Inc. laufen gelassen wird. Damit die Firma zum überhaupt Haben eine Wahrscheinlichkeit, vorwärts zu bewegen, es notwendig war, um die Aktionäre zusätzliche Anteile von Stammaktien autorisieren zu lassen, die durch den Firmafiskus schließlich herausgegeben werden konnten. Daß Zahl bei 500 Million Anteilen schließlich year`s jährliche Sitzung autorisiert wurde. Jedoch ist unsere nicht amortisierten totalaktien von Stammaktien heute ungefähr 180 Million (nicht 500 Million) wie Sie von dieser Freigabe Aussage gedacht haben konnten. Wieder da alle autorisierten, wurden Stammaktien der Firma bereits, unsere managment Mannschaft hatten kein Geld, alle mögliche Werte, irgendwelche Stammaktien zum Verkauf, um Kapital anzuheben, um die Firma zu leiten herausgegeben. Das einzige Kapitalvermögen, das in der Firma gelassen wurde, war 5 Million Anteile von prefered Vorrat. Die Direktion autorisierte, daß dieses auf lager mit einem Wert von $1.00 pro Anteil und mit Wählen und Umwandlungsrechten in Stammaktien von 1:1,000 eingestellt wird (ein pref Anteil wandelt in 1000 allgemeine Anteile um und erhält 1000 Stimmen in einer Aktionärwahl). Zu der Zeit als diese Entscheidung unsere Stammaktien verkaufte für $0.01 getroffen wurde -- folglich der Umrechnungssatz von 1000:1 in Stammaktien. Seit dieser Zeit hat die Firma ungefähr 4.8 Million von denen pref Anteile zu den verschiedenen Angestellten und gehalten nah Teilhaber herausgegeben, um die verschiedenen Projekte zu sichern, denen die Firma jetzt auf arbeitet. Irgendwann zukünftig können jene Anteile (an der Wahl des Halters) in Stammaktien -- aber nur an einem Zeitpunkt wie sufficent allgemeine Anteile umgewandelt werden sind wirklich vorhanden für die Umwandlung. Wenn Sie Ihr Mathe tun, beachten Sie, daß die 4.8 Million pref Anteile in 4.8 Milliarde allgemeine Anteile umwandeln. Dieses ist selbstverständlich gut über den 500 Million allgemeinen Anteilen, die von den Aktionären der Firma autorisiert werden. So konnten Sie bitten -- was ist die Hölle die ganze dieses ungefähr und was bedeutet es zu einem Aktionär? Im Wesentlichen holt dieses uns zur Notwendigkeit, einen umgekehrten Aktiensplit des ENDE Vorrates zu leiten. Wenn Sie über der Diskussion über den umgekehrten Aktiensplit im letzten Jahrvollmachtsformular lesen, merken Sie daß alle Anteile, allgemein und bevorzugter Willensumgekehrter Aktiensplit auf dem gleichen Verhältnis. Wenn wir eine Annahme daß wir umgekehrter Aktiensplit bilden, wird der Vorrat zu einem Preis von $0.25/share das Aktiensplitverhältnis 28:1 (Zwanzig acht alte Anteile wird ein neuer Anteil). Teilen Sie $7.00 durch $0.25 und erhalten Sie ein Verhältnis von 28:1. Dies heißt diesen umgekehrten Aktiensplit des Pfostens: 180.000.000 alte allgemeine Anteile (hervorragend) wird 6.428.571 neue allgemeine Anteile [ teilen Sie 180.000.000 durch 28. ] 4.8 Million alte pref Anteile (umwandelnd in 4.8 Milliarde allgemeine Anteile) wird 171.428.571 neue allgemeine Anteile [ teilen Sie 4.800.000.000 durch 28. ] Dies heißt, daß der neue ausstehende totalbetrag des Vorrates in der Korporation 177.857.142 allgemeine Anteile ist (alle das Annehmen teilt pref haben umgewandelt in allgemeine Anteile), die mit $7.00/share dann multipliziert werden können, um ein Marktkapitalisierung Maß von $1.245.000.000 abzuleiten. Ja ist der Dollar $1.245 Milliarde in der Marktkapitalisierung. Dies heißt, daß bestehende allgemeine Aktionäre ungefähr 3.6% der Firma behalten, während die gegenwärtigen bevorzugten Aktionäre 96.4% der Firma besitzen. Die gegenwärtigen bevorzugten Aktionäre sind eine sehr kleine Gruppe Leute, einschließlich mich, die den Schweiß investiert haben, Gehirne und werden antreiben, um uns alle zu diesem Punkt zu holen. Sie haben alle, die in diesem Unternehmen für den Güterfernverkehr gewesen werden und haben keine Absicht von innen kassieren, zum des schnellen Dollars nach dem umgekehrten Aktiensplit zu bilden. Einige sagen, daß dieses massive Verdünnung der Aktionäre darstellt. Jedoch sollte die Alternative Bankrott erklären, der aus allem vorhandenen Aktionärwert abgewischt haben würde. Wir denken, daß dieses wirklich eine seltene Gelegenheit für einen Investor wie selbst darstellt. Denken Sie an es auf diese Weise. Nach dem umgekehrten Aktiensplit dort ist wil 177 Million herausgegebene und hervorragende Anteile (in einer Firma mit der Projektmappe, die Sie bereits in unsere Broschüre gesehen haben -- die noch übrigens. vertraulich ist) Jedoch 171 werden Million jener Anteile von den Eingeweihten der Firma gehalten und werden nicht im freien Markt gehandelt werden oder verkauft. Die tatsächliche Hin- und Herbewegung der Anteile, die für das Handeln im freien Markt vorhanden sind, ist nur die 6.4 Million Anteile, die z.Z. von unseren Stammaktienaktionären gehalten werden. Unser Aktienpreis ist eine Funktion des Angebotes und der Nachfrage nach dem Vorrat im freien Markt. Es gibt ein sehr begrenztes Versorgungsmaterial und es ist bis zum Firma managment, zum der Nachfrage nach dem Vorrat zu verursachen, indem es gute Nachrichten über unsere Projekte zur Verfügung stellt, für jene Projekte finanziert und Öl und Gas, um unserer Bilanz hinzuzufügen findet. Wir sind sehr nah an dem Berichten über Erfolg auf allen jene Frontseiten. Es ist unsere Steuerung über, wieviel neuem Vorrat im Markt ist, der mit den Arten der realen Projekte kombiniert wird, die die Firma in dem stützt unseren Aktienpreis, um nördlich von $7.00 auf etwas zu bewegen sich engagiert, das Repräsentant einer Firma mit einer Marktkapitalisierung ist, wie ENDE zu dieser Zeit hat. Der reale addierte Wert dauert selbstverständlich einige Zeit -- Projekte müssen etwas Erfolg haben und unsere Bilanz muß korrekte Grundlagen während eines Zeitabschnitts (1-2 Jahre?) zeigen bevor der Markt wirklich glaubt, daß wir eine wirkliche Firma sind. Nach dem umgekehrten Aktiensplit qualifizieren wir, um auf das Nasdaq nationale Marketingsystem umzuziehen. Da der Aktienpreis ungefähr $7.00 zu dieser Zeit ist, wird ENDE Vorrat durch hochwertige marktbestimmende Effektenhändler und die großen Maklerhäuser, wie Merrill lynchen, Solomon Smith Barney angefaßt und dergleichenSIND in der Lage, diesen Vorrat zu ihren Kunden darzustellen. Der Vorrat kann dann eingestellt werden und ist dann etwas, der in den Institutionsmappen gefunden werden kann. Dieses holt ein bestimmtes Niveau der Stabilität zu unserem Aktienpreis, der so lang unmöglich ist, wie wir auf dem Anschlagbrett und abhängig von den lax Richtlinien in diesem Klima bleiben. Ich erhielt gerade Ihre Anzeige über den Preis pro Anteil kurzfristig. Unser Plan dort ist Finanzierung, und Projekte während Septembers zu verkünden anzufangen. Wir werden auf unterstütztes Kaufen während dieser Zeit bauen müssen, herauf die Verwendbarkeit der Anteile am freien Markt zu trocknen, der den Preis im freien Markt zur Erhöhung up." verursacht;

[chiptrader]

sehe den reverse split positiv!
es müssen dann aber auch positive news kommen so das der kurs nach dem split nicht eventuell nach gibt, und durch den split will ende an die Nasdaq was ich sehr positiv sehe!

glaube da wird wirklich was langsamm aber sicher aufgebaut!

chip

[sterntaler2]

Hallo Chip,
kannst Du mir bitte verständlich erklären, was das für unsere Aktien bedeuten würde ? Vielleicht an einem Beispiel ?! Ich blicke da nicht so richtig durch ! Soll ich lieber verkaufen oder jetzt noch nachkaufen ?
Im voraus vielen Dank !
Sterntaler

[chiptrader]

hallo stern...,

reverse split bedeutet wenn ende einen split 1:10 dürchführt und du 1000000 aktien hattest hast du danach noch 100000 aber dafür steht der kurs nicht mehr bei 0,06 sondern bei 0,60!

sehe das eigentlich ganz positiv wenn in folge des reverse splits weiter gute news kommen sonnst entsteht die gefahr bei dem optisch hohen kurs das es nen stück abwärts geht!

das ende an die nasdaq will finde ich sehr positiv das geht aber erst ab einer bestimmten kurs höhe!

gruss chip

[chiptrader]

na jungs was los, keiner mehr da!

was ist den mit meinem karl los immer noch im urlaub!

gruss chipi

[Anddon]

Tja nix los hier, weil auch mit dem Kurs nix los ist

[chiptrader]

bin mit ende immer noch gut im plus!

denke aber das wir hier den boden gesehen haben und es wieder hoch gehen wird in den nächsten wochen!

chip

[superkarl]

Hallo Feunde,
nachdem ich in letzter Zeit im wahrsten Sinne wie vom Erdboden verschwunden war, möchte ich mich heute wieder zurückmelden. Die letzten vier Wochen waren nicht gerade schön, aber ich bin froh, daß ich gesund wieder Zuhause bin.

Ende hat ja in dieser Zeit nicht viel zustande gebracht, aber ich bin mir sicher, daß in naher Zukunft es wieder steil nach oben geht,denn ohne Energie läuft die Wirtschaft nicht, und Energie wird immer teurer.
Die Ankündigung an die Nasdaq zu gehen finde ich sehr gut.

Aber jetzt werde mich erst eimal um meine Familie kümmern, mit meiner kleinen Tochter was unternehmen (die kennt mich glaub nicht mehr, die Post erledigen, Freunde besuchen und vor allem mal wieder ein schönes helles Weizen trinken.
So, jetzt geh ich erst mal ins Bett, denn ich bin jetzt schon 19 Stunden unterwegs.

@chip: der Bodensee geht nich verloren.
Wir sehen uns!!

[superkarl]

Und schreiben hab ich glaub auch verlern
oder ist es gar die Müdigkeit

[chiptrader]

ok alles klar karl!

dann erhole dich erst mal!


chip

[robby13]

Bin Reverse - Splits gegenüber zwar meist negativ eingestellt , will aber hoffen , dass die Geschichte diesmal eine positive Perspektive bietet. Schließlich gibts ja dbzgl. auch positive Beispiele !
robby

[chiptrader]

wenn ende an die nasdaq kommt ist das sehr positiv im vergleich zu otc!

dann bleibe ich sehr lange in ende!

chip

[Believer78]

Schönen guten Tag @all,-)

Kann mir jmd vielleicht einen Tip geben, wo man News über Ende bekommt. Suche mir die Finger wund, finde aber nichts.

Was mich interessieren würde, wären genauere Info´s zum hier angeküdigten Reverse-Split bzw. eventuelle Planziele/Bedingungen für ein listing an der nasdaq.

Wäre euch sehr dankbar:-)

Ciao Believer78

[chiptrader]

volumen wird wieder höher, kommt bald mal wieder eine news?

hoffe es, dann müssten wir auch die 10 cents wieder hinter uns lassen!

gruss chip

[megadax]

im Moment klingelt es ja wieder im Karton.
USA Spanne 0,06 - 0,08, aktuell 0,072 + 34%
Jemand etwas gehört???

mega, immer noch dabei

[chiptrader]

man wollte eigentlich in den nächsten tagen noch mal günstig nachkaufen so nen sch...!

sooo jetzt auf in richtung 15 cents!

chip

[dutt]

EnDevCo Updates Progress on Oklahoma Gas Purchase
via COMTEX

November 4, 2004

HOUSTON, Nov 4, 2004 /PRNewswire-FirstCall via COMTEX/ --

Mr. Chris A. Dittmar, Chief Executive Officer of EnDevCo, Inc. (OTC Bulletin Board: ENDE) issued a statement today updating progress on the potential purchase of natural gas production in Oklahoma. "We have received the independent engineering evaluation which delineates proved oil and gas reserves on 27 wells located within a larger 14,600 acreage purchase under consideration by the Company. Based on this report, we have opened negotiations with several investor groups to structure project based financing with an aim to complete this transaction before year-end."

The engineering evaluation was limited to those conventional gas reservoirs already drilled and proven productive. The report did not evaluate the upside potential offered by developing the unconventional reservoir systems such as the Caney and Woodford shale intervals. An internal evaluation by EnDevCo estimates the original gas in place over the 14,600 acre leasehold to be in excess of 2.3 Tcf and expects to recover approximately 500 Bcf over the next 15 years. At full production, the Company projects its net revenue interest from the leasehold to exceed $150 million per annum at current prices.

"Strong gas prices continue to drive these types of plays into the forefront for domestic gas producers", stated COO Richard Boyce. "We are currently evaluating two other unconventional gas plays, one in the Fruitland Coal Trend in the San Juan Basin of New Mexico and another in Europe that offer low risk gas development opportunities within proven producing trends."

This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company maintaining offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com .

SOURCE EnDevCo, Inc.

[chiptrader]

habe in den letzten tagen nur noch auf die news gewartet!

weil meistens vor einer news die umsätze bei ende stark anziehen so wie in den letzten tagen!

[chiptrader]

wurde auch zeit das die mal wieder was von sich hören lassen!

jetzt müssten wir nur noch die 10 cents hinter uns lassen (auf dauer)

grüssle chip

[chiptrader]

die kursentwicklung bei ende gefällt mir in den letzten tagen wieder sehr gut!

leichter anstieg und das unter sehr hohen umsätzen für ende!

sollte dieses jahr wirklich noch ein abschluss kommen wie in der news angekündigt bekommen wir von ende noch ein kleines weihnachtsgeschenk und stehen über 10 cents!

chip

[sterntaler2]

Durch einen Irrtum hat die Berliner Börse den Handel für ENDEVCO schon heute eingestellt. Dieser Fehler wird korrigiert werden. Morgen soll das Orderbuch wieder zur Verfügung stehen. Der Handel in Deutschland wird zum 30.12.2004 eingestellt. Siehe Bekanntmachung :

B E K A N N T M A C H U N G
Veränderungen/Changes
Mit Wirkung vom/effective from: 30. Dezember 2004
Name WKN ISIN
EnDevCo. Inc. 914 563 US2925F1030
Veränderung/
Change:
Einstellung
delisting
Erläuterung/
Comment
auf Wunsch der Gesellschaft
at the request of the company
Markt : Freiverkehr - variabel
Skontroführer : 1170 Berliner Freiverkehr (Aktien) AG
Berlin, den 8. November 2004
GESCHÄFTSFÜHRUNG DER BÖRSE BERLIN-BREMEN


Sterntaler

[chiptrader]

das ist für mich ein weiterer grund positiv für die zukunft von ende gestimmt zu sein!

das management von ende will die firma wieder nach oben bríngen, was interessiert sie der handel in germany wo es sowieso kaum umsatz gibt.

die meisten otc´s nehmen die deutschen börsenplätze um die deutschen zu verar..., an dem ende kein interesse liegt (meine meinung).

ende konzentriert sich lieber darauf das geschäftsmodel wieder zum laufen zu bringen.

chip

[dutt]

EnDevCo CEO Issues Positive Outlook for Oil & Gas Industry and Company After IPAA Annual Meeting
via COMTEX

November 9, 2004

HOUSTON, Nov 9, 2004 /PRNewswire-FirstCall via COMTEX/ --

EnDevCo, Inc. (OTC Bulletin Board: ENDE) the Energy Development Company`s CEO, Chris A. Dittmar, issued a positive outlook for the Company following the 75th annual meeting of the Independent Petroleum Association of America (IPAA) in Houston, Texas. "The business trends and research presented at IPAA by respected industry professionals suggest a continuation of positive global trends within the energy sector over the next 12 to 18 months. We believe that the strategic initiatives implemented by EnDevCo over this past year have ideally positioned the Company to participate in, and realize extraordinary economic benefit from these trends," commented Mr. Dittmar. Dittmar`s outlook was underscored by sentiments expressed from several keynote attendees at the IPAA Annual Meeting including Stephen Brown of the Federal Reserve Bank of Dallas, Shannon Nome, Managing Director with JP Morgan Research, James Wicklund, Managing Director of Energy Research at Bank of America Securities and Rod Nelson of industry juggernaut, Schlumberger, who provided the following facts and analysis:

-- Effects of higher energy prices due to strong demand and loss of production do not pose a significant threat to the economic recovery. -- Secular trend for Natural Gas is toward higher drilling levels, prices & consumption. -- Prices are likely to remain high, between $3.50-$6.50/Million BTU. -- Unconventional Gas plays, such as Fractured Shale and Coal Bed Methane represent a vast resource base estimated at over 500 Trillion Cubic Feet.
Dittmar concluded by stating, "Management has positioned the Company in several outstanding natural gas projects in the U.S. with our initial drilling program to focus on Eugene Island Block 294 in the Gulf of Mexico. Internal economic projections, utilizing a gas price of $5.00/mcf held constant over the life of the project, indicate that the discounted net present value (PV10) of the 64.2 BCF of recoverable reserves on that project alone is worth $85 million net to EnDevCo`s interest. In line with a main theme of the IPAA, we are committed to placing the Company into several unconventional natural gas plays, which represent extraordinary growth potential for 2005. We have made significant progress toward our stated goals."

This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company maintaining offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com .

SOURCE EnDevCo, Inc.

Patrick Woerner, Investor Relations of EnDevCo, Inc., [phone], or [e-mail] http://www.endevcoinc.com

Copyright (C) 2004 PR Newswire. All rights reserved

[chiptrader]

auch ende wird vom positiven ausblick für den öl und gasmarkt provitieren, WENN ende auch selbst noch positive ergebnisse liefert werden wir unsere freue an ende haben!

aber eins muss klar sein!
ende wird aktien ausgeben müssen um dies zu erreichen!

[chiptrader]

Bellwether Report Posts Commentary on How to Invest in Companies Like VOOC, ENDE, NEOM, HOMI
TORONTO - MARKET WIRE - 11/04/04
The Bellwether Report strongly believes that small cap equities are where investors can make the most money, although it`s also where investors can see their biggest losses as well.

It`s not very often on the big boards that you can see companies like Vornado Operating Co (OTC BB: VOOC), trading up 400% on decent volume, EndevCo Inc (OTC BB: ENDE) trading up 10%, NeoMedia Technologies Inc (OTC BB: NEOM) trading up 16%, or Health Outcomes Management Inc (OTC BB: HOMI) trading up 36%.

The biggest problems with aggressive growth opportunities is that investors are usually buying them at the wrong time, probably buying into everyone else`s selling.

If you are experiencing similar problems on November 21st 2004, the Bellwether Report will be posting the 10 most important facts about investing in the small cap equity markets, and we are inviting investors to join in and through our "request a custom stock review" ask any questions that they would like to have answered about the small cap markets.

To be apart of this commentary visit www.bellwetherreport.com for more information and to sign up.

The Bellwether Report, will continue researching developments with Vornado Operating, EndevCo, NeoMedia Tech, Health Outcomes Management, for all corporate updates on the companies feel free to visit, www.bellwetherreport.com for a 1 month complimentary subscription.

The Bellwether Report has if not affiliated or compensated by any of the above mentioned companies.

[chiptrader]

#373 in amiland werden nen paar auf ende aufmerksamm!

[chiptrader]

na jetzt gehts aber erst mal wieder sauber bergab!

denk mal kauf mir dann einfach noch mal nen paar ende und lass sie so lange liegen bis 2-3 gute news kommen und wir uns dann vielleicht die 25 cents vornehmen!

chip

[Fredmuck]

Ist Ende jetzt am Ende?
Hier tut sich ja überhauptnichts mehr.

[chiptrader]

wird in nächster zeit auch wieder hoch gehen bei ende!

frage ist nur schaffen wir endlich nachhaltig die 10 cents!

gruss chip

[Jo_FFM]

Hallo Chiptrader,

was stimmt dich für die Zukunft mehr oder weniger positiv ??
Ich bin auch schon länger investiert und bei den derzeitigen Verlusten macht es für mich eh keinen Sinn zu verkaufen.
Hast du denn irgendwelche Infos zu unserem Baby???

[chiptrader]

hast post jo!

chip

[chiptrader]

jochen,

zu welchen traumkurs bist den eingestigen?

wenn ich fragen darf!

chip

[chiptrader]

zur zeit nicht viel los bei ende!

hoffen wir mal das wird in 2005 besser!

wünsche übrigens allen endevcolern nen gutes neues
und viele gewinne an der börse in 2005 am besten mit ende!

chip

[Jo_FFM]

Hallo Chip,

ich bin damals zu 0,085 Euro in Berlin eingestiegen. Schöne scheiße.

Aber was uns nicht tötet, macht uns nur härter.
Wünsche dir auch für dein Depot alles gute in 2005

Gruß Jochen

[chiptrader]

na hier wirds nach meinem geschmack mal wieder zeit das sich der kurs nach oben in bewegung setzt!

gruss chip

ps: wie gehts eigentlich meinem karl, meinst des wird diesen sommer was mit bodensee?

[Elefant1]

Kann mir hir einer was zu sagen.

Ein Vergleich mit Adair. Wie sieht der wohl aus!!!

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

[chiptrader]

das handelsvolumen der leztten tage ist doch gar nicht sooo schlecht!

fehlt mal wieder eine meldung die den kurs nach oben treibt!

grüssle chipi!

[Anddon]

Ende mit "ENDE" !?

[chiptrader]

zum trost bald kann es nur noch hoch gehen!

[Anddon]

Da ist noch viel Platz bis 0,0001

[chiptrader]

WURDE AUCH MAL WIEDER ZEIT DAS ENDE EIN WENIG NACH OBEN GEHT!

HOFFE NUR DAS ES SO NOCH EIN PAAR ATEGE WEITER GEHT!

GRUSS CHIPI

[Elefant1]

Hier ist auch nichts mehr los!

Genauso trostlos wie der 1 Quartalsbericht!

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3…

[Elefant1]

Wenn die dafon nur einen Teil bekommen, dann geht es ab! Oder auch nicht!

EnDevCo, Inc. and Subsidiaries
March 31, 2005

John W. Adair, Jalal Alghani and Vivian Llerena Quintero and their co-conspirators, jointly and severally, and in favor of the Company for the sum of up to five hundred million dollars ($ 500,000,000) in actual damages and punitive damages against each of said Defendants as assessed by the jury and for such other and further relief to which the Company may show to be justly entitled.

Discovery in this case was ongoing before the change of control of the Company occurred as a result of the Annual Shareholders Meeting on August 5, 2002. Since that time and as a result of adding additional parties to the lawsuit as described in the preceding paragraph, extensive additional discovery regarding the facts of this case have been undertaken by the new parties to the lawsuit. The Company and Mr. Boyce have provided responses to all requested discovery. The Company will continue to vigorously pursue this case and has engaged expert witnesses to provide testimony regarding certain aspects of this case. The Court has set a trial date for February 2006.

On February 11, 2005, EnDevCo, Inc. executed a Stock Purchase, Settlement, And Mutual Release And Indemnity Agreement only with John W. Adair, Jalal Alghani and Vivian Llerena Quintero. See Form 8-K filed February 16, 2005. The Company is now the sole plaintiff and is pursuing its claims against all other defendants.

The Company is a party to various claims and litigation. Although no assurances can be given, the Company recognizes, based on its experience to date, that the ultimate resolution of such items, individually or in the aggregate, could have a material adverse impact on the Company`s financial position or results of operations. The Company is currently exploring settlement options.

[chiptrader]

würd mich freuen wenn wir hier langsamm mal wieder kurse zwischen 0,05-0,10€ sehen!

chipi

[chiptrader]

langsamm glaube ich wiklich das ende wieder im kommen ist!

es geht immer wieder unter sehr guten umsätzen stark nach oben und anschliesend gibt es rücksetzer diese finden aber unter sehr geringen volumina statt.

mal schauen ob es so weiter geht, ende hat ja auch schon lange keine news mehr gebracht.

wird mal wieder zeit!

chipi

[Elefant1]

Die kleinen Fische hat man schon mal gemolken!

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

[chiptrader]

schön das es hier auch noch ein paar einzelne gibt die ende verfolgen!

hört sich doch gar nicht so schlecht an!


gruss chipi

EnDevCo nahm ein Angebot von zweihundert tausend Dollar ($200.000.00) von Jackson u. von Rhodes, P.C. an und stimmte einer erfolgte Regulierung Vereinbarung zu und die gegenseitige nicht zu fördern Freigabe üben den Anspruch der Firma gegen das Beklagte für Betrug, Verschwörung und Bruch der anvertrauten Aufgaben während ihrer Beschäftigung als der Abschlußprüfer während der Periode Mai 15, 2000 bis Januar 31, 2002 aus. EnDevCo nahm ein Angebot von hundert neunzig fünf tausend Dollar ($195.000.00) von der VEREINIGTE STAATEN auf lagerübergangskorporation an und stimmte einem Abfindungsvertrag zu und die allgemeine nicht zu fördern Freigabe üben den Anspruch der Firma gegen das Beklagte für Betrug, Verschwörung und Bruch der anvertrauten Aufgaben während ihrer Beschäftigung als die auf lager Transferstelle und das Standesbeamte der Firma während der Periode Februar 28, 2002 bis Juni 3, 2003 aus. Vorher schloß EnDevCo einen auf lagererwerb, eine Regelung und gegenseitigen einen Freigabe-und Entschädigung-Vertrag mit John W. Adair, Jalal Alghani und Vivian Llerena Quintero an Februar 11, 2005. EnDevCo fährt fort, seine Ansprüche des Betrugs, Verschwörung konkurrenzfähig auszuüben und Bruch der anvertrauten Aufgaben gegen Verfolgung Mellon Aktionär-Dienstleistungen, Anschluß-Sicherheiten Ltd. und Merrill lynchen mit einem Probedatum, das für Februar, 2006 eingestellt wird. --------------------------------------------------------------------------------

[Elefant1]

Kommt darauf an, was Evdevco noch rausschlagen kann!

Ich glaube die brauchen 10 - 20 Millionen Dollar um ihre zwei Projekte vollenden zu können und Oel zu fördern.

Ob sie die kriegen?

[chiptrader]

auf jeden fall bringt die news neue fantasie in den wert!

[Elefant1]

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3…

[Elefant1]

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3…

[Elefant1]

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3…

[Elefant1]

Jetzt haben wir ein "e" hinter "ENDE".

Die haben es nicht geschaft ihre Berichte pünktlich zu erstellen. Wie wollen die im Februar 2006 viel Geld bei ihrem Rechtsstreit herausschlagen! Das wars wohl!?

[chiptrader]

die sache mit dem e ist nicht so selten bei otc werten.

hoffe eher darauf das wenn das fil. dann kommt es uns mal wieder einen impuls nach oben gibt!

gruss chip

[Elefant1]

10 QSB ist da.

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

[Elefant1]

Woher kommt das Geld dafür?

Gulf of Mexico Option - On December 28, 2003, the Company entered into an agreement with Pine Curtain Production Company, LLC wherein the Company has the option to participate in an undivided interest of 50% of the seller`s undivided interest in Eugene Island Block 294 and Chandeleur Block 14. This option expired on June 30, 2005, but was renewed, on July 27, 2005 by entering into a farm-in agreement with BT Operating Co wherein the Company will participate in the drilling and completion of one well in Eugene Island Block 294..

Wenn die Klage nichts einbringt, dann ist hier "error"!

Und hier!?

Magdelena Option - On September 25, 2003, the Company purchased from Harvest Production Company, LLC an option to participate in the acquisition and processing of 101 kilometers of 2D seismic, and a continuing option to participate on a joint venture basis in wells to be drilled after the interpretation of that seismic on their Rio Magdelena Association Contract comprising 58,546 hectares (144,600 acres) situated in the Upper Magdelena River region of Colombia. On June 25, 2005 the Company purchased an option from Harvest Production Company, LLC to purchase 50% of seller`s interest in the assets covered by the September 25, 2003 option, proven undeveloped reserves in the block and Seller`s proprietary data previously acquired over the lease acreage described above, in consideration of the Company securing financing for development. This option expires June 30, 2007.

[Elefant1]

50.000.000 neue shares!

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3…

[Elefant1]

Annual Report ist da!

http://eol.edgar-online.com/edgar_conv_html/2005/09/01/00003…

[chiptrader]

NACH DEM KURSVERLAUF VON GESTERN KANN ER JA NICHT SOOO SCHLECHT SEIN.


GRUSS chipi

[chiptrader]

ausser uns beiden scheinen sich in deutschland nicht mehr all zu vile für ende zu interessieren!

hoffe das in nächster zeit noch mal ein richtig schöner hype kommt der uns richtung 10 cents bringt!

chip

[chiptrader]

weiter so!!!!!!!!!!!

chipi

[chiptrader]

ist nur die frage ob der heutige anstieg von dem allgemeinen öl antieg kommt oder von seiten ende!

[Elefant1]

Am Golf von Mexico sind 60 Plattformen beschädigt worden, und Endevco steigt! Die haben doch auch eine Plattform im Golf von Mexico "Eugene 294". Warum steigen die nur?

[chiptrader]

vielleicht ist sie gut versichert!

[chiptrader]

geht heute zwar schon mal in die richtige richtung, das handelsvolumen ist aber leider viel zu gering um aussagefähig zu sein!

chipi

[chiptrader]

sooo jetzt ist auch das handelsvolumen ok,
kommt da was in den nächsten tagen!

[chiptrader]

in den letzten 5 handelstagen um über 100% gestigen, hoffe nur das dies kein strohfeuer ist!

[Elefant1]

Hoffentlich ist das keine Kurspflege um anschließend wieder abzuladen!

[chiptrader]

http://www.quote.com/qc/livecharts/default.aspx?symbols=BB:e…

mir ist heute ein wenig langweillig deshalb schreibe ich heute so viel

gruss chipi

[chiptrader]

wenn die kurspflege weit genug geht solls mir rechts sein!

[chiptrader]

auf neue hochs müssen wir wohl noch warten!

[taschutz]

Würde gern einsteigen, trau mich aber nicht!!!

[taschutz]

Werde heute Abend mir ein Paar ins Depot legen!
Wenn das mal gut geht.

[chiptrader]

na dann kann´s ja ab morgen los gehen!

[taschutz]

Da bin ich ja gerade noch rechtzeitig eingestiegen
Chipi, woher hast Du das gewusst, dass es heute los geht?

[chiptrader]

war nur so nen tip von mir!

aber mal ernst losgegengen ist es ja auch noch nicht
sollten endlich mal wieder über die 0,04 kommen!

gruss chip

[chiptrader]

@ taschutz,

dein eisntieg steht aber unter keinem guten stern!

[taschutz]

Hatte schon so ein flaues Gefühl. Aber abwarten, an der OTCBB kann es schnell drehen!!!

Öl und Gas ist so wichtig wie noch nie.

Auch Endevco wird irgend wann davon provitieren.
Lege 2000,-€ für zwei Jahre an und Du wirst reichlich belohnt!

[taschutz]

Mit kleinen Orders den Kurs nach unten drücken
das kennen wir schon.
Also alle rauuuuuuuuus, marsch marsch.

[Tucson8]

Die Wende? Habe zwar nur 35k Aktien, Einstiegskurs 0,039 aber wenns jetzt aufwärts geht...nichts dagegen, wenn der Deal klappt...

> + 50%

[chiptrader]

na das sieht doch mal gut aus!

weiter sooo!

gruss chip

[chiptrader]

dieser meldung haben wir den antieg gestern zu verdanken!

chip

ist auch auf der hp von endevco!

HOUSTON /PRNewswire/ November 3, 2005
EnDevCo Buys Oil and Gas Production
EnDevCo, Inc. (OTCBB:ENDE.OB) the Energy Development Company, today announced an agreement to
purchase 100% of all rights in the West and Central Units of Short Junction Field located in Oklahoma City,
Oklahoma. The 12,000 acre leasehold is fully unitized and is comprised of 19 active wells that are currently producing
121 barrels of oil per day from the Hunton limestone reservoir and 400 mcf of gas per day from the Red Fork sand
reservoir. The purchase includes a total of 270 well bores of which approximately 40 will ultimately be reactivated and
includes full ownership rights to a field wide gas pipeline and gathering system that offers two independent taps to the
interstate gas transmission system.
At current prices, the Company projects its cash flow from the project to be $7,500 per day or approximately
$225,000 per month from the 19 active wells.
The Company recently advanced a $500,000 non-refundable deposit and will select debt financing being offered
from several financial institutions to complete the purchase prior to December 01, 2005. Immediately thereafter, an
aggressive well recompletion program that is designed to increase daily oil production to over 240 barrels/day and
2,250 MCF of gas/day over the next 12 months will begin. Concurrent with the well recompletion program, 3D
seismic will be acquired over the field which will be integrated into a full engineering simulation of the Hunton
reservoir dynamics. Based on these advanced technical studies, the Company plans to drill horizontal wells for both
oil and gas production to fully realize a possible upside potential of an additional 10 million barrels of oil and 10
BCF of gas reserves.
This press release includes certain “forward-looking statements”. The forward-looking statements reflect the beliefs, expectations, objectives,
and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates,
which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results.
Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market
and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forwardlooking
statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange
Act of 1934, as amended.
EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo
maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit www.endevcoinc.com .
SOURCE: EnDevCo, Inc. - contact Chris A. Dittmar, CEO 713-977-4662 [e-mail]

[chiptrader]

wenn ich die news richtig verstanden habe "mein englisch ist leider nicht so gut" könnte es durch diese meldung bei endevco endlich zur förderung von öl kommen!

nur die finanzierung bleib für mich offen!

warscheinlich werden weiter shares ausgegeben!

ja wenigstens geht es hier wieder ein stück vorran!

mal sehen wie der kurs sich in den nächsten tagen entwickelt!

chip

[Elefant1]

Sind ja noch einige hartgesottene da!

Ich denke sie geben keine Aktien für den Deal raus. Sie versuchen dies über eine Bank zu finanzieren. Wenn ich das richtig verstanden habe.

Wenn das bis zum 1. Dezember wirklich klappt, dann ist hier wieder einiges drin. Dann wird das vielleicht auch noch was mit Eugene294 im Golf von Mexico.

Und dann geht es aufwärts!

[Elefant1]

Schaut euch mal die Website an, da gibt es jetzt Bilder von Oklahoma!

http://www.endevcoinc.com/

[chiptrader]

ja für ende verhältnisse haben die auf der hp ja richtig gearbeitet!

bin schon ganz auf den handelsstart in usa gespannt!
hoffe nur das es heute keinen rücksetzer gibt und wir heute wenigstens mit einem kleinem plus aus dem handel gehen.

[chiptrader]

bid und ask sehen schon mal gut aus!


http://www.quote.com/qc/livecharts/default.aspx?symbols=BB:E…

[chiptrader]

sieht nicht schlech aus kurs geht unter starken umsätzen weiter nach oben!

[Elefant1]

Anfang Dezember werden wir sehen, ob die Vereinbarun in die Tat umgesetzt worden ist. Dann geht es hier weiter nach oben!

[Elefant1]

Den Quartalbericht 01.04 - 30.06.2005 habe ich doch glatt verpasst!

OIL AND GAS EXPLORATION AND DEVELOPMENT
The Company is pursuing oil and gas exploration and development opportunities in both domestic and international venues.
Domestically, the Company has secured certain development rights in two blocks in the Gulf of Mexico that will provide it with the
opportunity to participate in the drilling of low risk development wells. As a result of recently acquired 3D seismic data that has been
integrated with previously known geological and engineering data, several low risk development drilling opportunities have been
identified. Participation in these types of relatively low risk and low cost wells will provide near term cash flow to support the
activities of the Company.
Internationally, the Company has identified several other exploration projects that carry significant upside potential (although at
higher risk). The Company currently holds a farmin agreement for certain exploration rights in the Rio Magdelena Valley of
Colombia. Our exploration teams are also evaluating other opportunities located in Canada, South America, Europe and West Africa.
Gulf of Mexico Option - On December 28, 2003, the Company entered into an agreement with Pine Curtain Production Company,
LLC wherein the Company has the option to participate in an undivided interest of 50% of the seller`s undivided interest in Eugene
Island Block 294 and Chandeleur Block 14. This option expired on June 30, 2005, but was renewed, on July 27, 2005 by entering into
a farm-in agreement with BT Operating Co wherein the Company will participate in the drilling and completion of one well in Eugene
Island Block 294.
Rio Magdelena Option- On September 25, 2003, the Company purchased from Harvest Production Company, LLC an option to
participate in the acquisition and processing of 101 kilometers of 2D seismic, and a continuing option to participate on a joint venture
basis in wells to be drilled after the interpretation of that seismic on their Rio Magdelena Association Contract comprising 58,546
hectares (144,600 acres) situated in the Upper Magdelena River region of Colombia. On June 25, 2005 the Company purchased an
option from Harvest Production Company, LLC to purchase 50% of seller’s interest in the assets covered by the September 25, 2003
option, proven undeveloped reserves in the block and Seller’s proprietary data previously acquired over the lease acreage described
above, in consideration of the Company securing financing for development. This option expires June 30, 2007.

[Elefant1]

Und hier ist vielleicht auch noch was zu erwarten!

The Company`s claims in the suit against John W. Adair ("Adair"), Jalal Alghani ("Alghani") and Vivian Llerena Quintero
("Quintero") involve allegations of fraud, conspiracy and breach of fiduciary duties owed to the Company by Mr. Adair and Mr.
Alghani while they were Officers and Directors of the Company prior to their removal from the Board of Directors at the Company`s
annual shareholders meeting on August 5, 2002. The Company`s claims in the suit against Ms. Quintero involve allegations of fraud,
conspiracy and breach of fiduciary duties while she was employed by the Company as office manager and personal assistant to Mr.
Adair when he was Chairman and CEO of the Company.
After the Company`s claims were filed in the suit, Mr. Adair, Mr. Alghani and Ms. Quintero filed "counter claims" against the
Company on November 9, 2002 alleging standing to sue as shareholders of the Company. Mr. Adair, Mr. Alghani and Ms. Quintero
also filed the above described "counter claims" against Richard G. Boyce, Larry Swift, Gene Ackerman, David Crandall, Chris A.
Dittmar, John A. Brush, Charles R. Close, and Shareholders Committed to Restoring Equity Group, Inc. ("SCORE Group").
The Company subsequently filed a motion for summary judgment on April 29, 2003 and the Court on July 11, 2003 again by clarified
ruling on September 23, 2003, ordered the Company`s motion for summary judgment be granted as to all claims in Defendant`s /
Counter Plaintiff`s second amended petition, including the claim of conspiracy to commit defamation, with the exception of the
common law defamation claim against the Company, SCORE Group and Mr. Boyce. The Company has denied the allegation and the
Board of Directors has determined it is the best interest of the Company to assume the defense of SCORE Group and Mr. Boyce and
to indemnify same in its defense of this sole remaining allegation filed by Mr. Adair, Mr. Alghani and Ms. Quintero.
The Company on August 23 and September 4, 2003 filed amended petitions adding the additional Defendants Chase Mellon
Shareholder Services, Inc., Mellon Investor Services, LLC, U.S. Stock Transfer Corporation, Union Securities, Ltd., Merrill, Lynch,
Pierce, Fenner & Smith, Inc., Tatiana Roa, Braden, Bennick, Goldstein, Gazaway, & Co., Jack Sisk & Co, Jackson & Rhodes, P.C.,
John W. Adair, Jalal Alghani and Vivian Llerena Quintero and their co-conspirators, jointly and severally, and in favor of the
Company for the sum of up to five hundred million dollars ($ 500,000,000) in actual damages and punitive damages against each of
said Defendants as assessed by the jury and for such other and further relief to which the Company may show to be justly entitled.
Discovery in this case was ongoing before the change of control of the Company occurred as a result of the Annual Shareholders
Meeting on August 5, 2002. Since that time and as a result of adding additional parties to the lawsuit as described in the preceding
paragraph, extensive additional discovery regarding the facts of this case have been undertaken by the new parties to the lawsuit. The
Company and Mr. Boyce have provided responses to all requested discovery. The Company will continue to vigorously pursue this
case and has engaged expert witnesses to provide testimony regarding certain aspects of this case. The Court has set a trial date for
February 2006.
On February 11, 2005, the Company executed a Stock Purchase, Settlement, And Mutual Release And Indemnity Agreement only
with John W. Adair, Jalal Alghani and Vivian Llerena Quintero. On June 17, 2005, the Company executed a Compromise Settlement
Agreement And Mutual Release with Jackson & Rhodes, P.C. (Jackson) and a Settlement Agreement And General Release with U.S.
Stock Transfer Corporation (USST). Jackson and USST paid a combined total cash payment of $395,000. The Company received
$233,893 net of expenses of $161,107. See Forms 8-K filed February 16, 2005 and June 29, 2005. The Company is now the sole
plaintiff and is pursuing its claims against all other defendants.
The Company is a party to various claims and litigation. Although no assurances can be given, the Company recognizes, based on its
experience to date, that the ultimate resolution of such items, individually or in the aggregate, would not have a material adverse
impact on the Company`s financial position or results of operations. The Company is currently exploring settlement options.

[Elefant1]

Die Zahl der ausgegebenen Aktien hält sich im Moment auch noch im Rahmen!

The number of shares outstanding of the registrant’s common stock as of June 30, 2005 was 197,059,750.

[chiptrader]

den kursverlauf der letzten tage sehe ich als recht positiv an, keine extremen anstiege und dem zu folge auch
keine starken einbrüche!

schön wäre wenn es woche für woche langsamm weiter nach oben geht!

gruss chip

[Elefant1]

Bin wieder dick im Plus! Scheint sich doch noch zu lohnen dieses Investment.

Wir könnten durch aus die Höchststände aus dem Jahr 2004 dieses Jahr noch übertreffen!!

[chiptrader]

ja heute gehts wirklich noch mal kräftig nach oben,
und das unter gigantischen umsätzen für ende!

hoffe nur das da kein großer rückschlag kommt!

[chiptrader]

vielleicht hat die news vom 3. einige auf ende aufmerksamm gemacht die sich jetzt eindecken!

[chiptrader]

die letzte stunde kämpfen wir stark um die 0,06er marke!

wär super wenn wir die heute packen!

[chiptrader]

DANN LASSEN WIR UNS MAL ÜBERRASCHEN WIE ES HEUTE WEITER GEHT!

[chiptrader]

BEIM VOLUMEN GEHTS JA SCHON WIEDER MÄCHTIG ZUR SACHE!

[Elefant1]

@Chiptrader

Wenn die Finanzierung steht, dann stehen wir über 10 cent!
Und der Deal mit Oklahoma klappt. Spätestens am 1. Dezember wissen wirs.

[chiptrader]

das wär schon ne feine sache!

gruss an elefant von chip

[Elefant1]

Heute leichte Konsolidierung

[Elefant1]

Montag wieder

[Elefant1]

Es sei "Ende" gegönnt! Wenn diese Aktie innerhalb von 2 1/2 Wochen um 200% steigt dann meine ich "das ist ein Asbach Uralt Wert"

[Elefant1]

Mein Gott Walter!

Jetzt geht es aber abwärts.

Es kommen auch wieder bessere Zeiten, spätestens wenn die erhofte news kommt!

[chiptrader]

würde mich schon interessieren ob bei dem volumen der letzten tage neue shares von ende ausgegeben wurden!

mal schauen wie es nächste woche weiter geht!

chip

[Elefant1]

Leider ja! Sie haben ca. 17.000.000 shares ausgegeben im 3 Quartal.

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3…

[Elefant1]

NOTE 2 - Non-monetary Stock Transactions

Included in the Company`s consolidated statement of operations for the period ended September 30, 2005 were expenses that were paid with Company stock. The Company issued stock in lieu of cash in transactions summarized as follows for the nine months ended September 30, 2005:

September 30, 2005
Description Common Shares Value
Preferred Shares Value
For Salaries -- -- 624,500 $ 624,500
Other Company Obligations 17,059,750 $ 319,590 28,536 28,536

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total 17,059,750 $ 319,590 653,036 $ 653,036
========= ========= ========= =========

The fair value of the Company`s common stock issued for services was deemed to be the closing trading price of the Company`s common stock on the date of issuance. The Company established pay rates for all its employees and directors and these wages were paid by the issuance of preferred stock on the basis of one share of preferred stock for each dollar of accrued wages with the exception that Mr. Swift received $4,500 of his salary in cash this quarter. Certain expenses were paid with preferred stock, by the issuance of one share of preferred stock for each dollar of billed expense.

[Elefant1]

Das könnte noch einiges bewirken, wenn die nicht so viel neue Aktien auf den MArkt schmeißen!

The Company is pursuing oil and gas exploration and development opportunities in both domestic and international venues. Domestically, the Company has secured certain development rights in two blocks in the Gulf of Mexico that will provide it with the opportunity to participate in the drilling of low risk development wells. As a result of recently acquired 3D seismic data that has been integrated with previously known geological and engineering data, several low risk development drilling opportunities have been identified. Participation in these types of relatively low risk and low cost wells will provide near term cash flow to support the activities of the Company.

Internationally, the Company has identified several other exploration projects that carry significant upside potential (although at higher risk). The Company currently holds a farmin agreement for certain exploration rights in the Rio Magdelena Valley of Colombia. Our exploration teams are also evaluating other opportunities located in Canada, South America, Europe and West Africa.

[Elefant1]

Die zwei sind auch noch im Spiel!

Gulf of Mexico Option - On December 28, 2003, the Company entered into an agreement with Pine Curtain Production Company, LLC wherein the Company has the option to participate in an undivided interest of 50% of the seller`s undivided interest in Eugene Island Block 294 and Chandeleur Block 14. This option expired on June 30, 2005, but was renewed, on July 27, 2005 by entering into a farm-in agreement with BT Operating Co wherein the Company will participate in the drilling and completion of one well in Eugene Island Block 294.

Rio Magdelena Option - On September 25, 2003, the Company purchased from Harvest Production Company, LLC an option to participate in the acquisition and processing of 101 kilometers of 2D seismic, and a continuing option to participate on a joint venture basis in wells to be drilled after the interpretation of that seismic on their Rio Magdelena Association Contract comprising 58,546 hectares (144,600 acres) situated in the Upper Magdelena River region of Colombia. On June 25, 2005 the Company purchased an option from Harvest Production Company, LLC to purchase 50% of seller`s interest in the assets covered by the September 25, 2003 option, proven undeveloped reserves in the block and Seller`s proprietary data previously acquired over the lease acreage described above, in consideration of the Company securing financing for development. This option expires June 30, 2007.

[chiptrader]

also weiter abwarten und tee trinken!

[Elefant1]

Neuigkeiten!

Da haben einige aber viel Mist gemacht!!!

http://www.pcaobus.org/Enforcement/Disciplinary_Proceedings/…

[Elefant1]

Hier ein Artikel dazu!

PCAOB Revokes Registrations Of Two More Auditing Firms




11-23-05 10:49 AM EST
WASHINGTON -(Dow Jones)- U.S. audit overseers revoked the registrations of two more auditing firms, citing their failure to adhere to professional standards in auditing the books of a handful of small public companies.

The Public Company Accounting Oversight Board on Wednesday announced the actions against Clyde Bailey PC, a Texas firm, and Kenny H. Lee CPA Group Inc., based in California. The two firms will no longer be able to audit the books of public companies, while their principals, Clyde Bailey and Kwang Ho Lee, will be banned from working for public-company audit firms.

(MORE TO FOLLOW) Dow Jones Newswires

11-23-051049ET

Clyde Bailey was faulted for its handling of four different audits for the 2003 fiscal year, including audits of Health Discovery Corp., Image Innovations Holdings Inc. (IMGV), Call Now Inc., and Endevco Inc. (ENDE). For example, the PCAOB said that Clyde Bailey didn`t test whether Endevco, an oil and gas exploration company, would be likely to realize benefits from options to acquire leadehold interests in Colombia and the Gulf of Mexico.

Kenny H. Lee was faulted for its handling of the audit for GSL Holdings Inc., a firm that had business operations in both the U.S. and China. It was also faulted for violating independence standards after Lee accepted an offer to serve on Aexesstel Inc.`s board of directors while he was also engaged as the firm`s independent auditor.

-By Siobhan Hughes, Dow Jones Newswires; 202-862-6654; Siobhan.Hughes@ dowjones.com

(END) Dow Jones Newswires

11-23-051110ET


Copyright (c) 2005 Dow Jones & Company, Inc.

Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.

[chiptrader]

diese meldung scheint dem kurs aber nichts aus zu machen!

[Elefant1]

@chip

Hier eine News von gestern Abend!

Diese Aktie kann durchaus in den nächsten 12 Monaten viel Geld in unsere Kassen bringen!

EnDevCo Acquires Interest in Offshore Production Potential

HOUSTON, Nov. 28 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC Bulletin Board: ENDE) the Energy Development Company, today announced details of a Farmin agreement covering East Cameron Block 71 located in Federal OCS Waters offshore South Louisiana. The Company has obtained the necessary debt financing for the project and has identified a rig to begin the initial well re-completion designed to establish estimated daily production of 3,000 barrels of oil equivalent (BOE) per day.

EnDevCo has designated Open Choke Energy, LLC as the project Operator who will re-enter the existing East Cameron 71-7 well and attempt to complete the prolific "OC" pay sand. In the event that this re-entry is not successful, EnDevCo has the right to drill a replacement well to test the OC sand within a reasonable timeframe. The Farmin agreement was secured from Noble Energy, Inc., Mariner Energy, Inc., and Entech Enterprises, Inc. and grants EnDevCo an assignment of their operating rights down to a depth of 12,600 feet upon the initial commercial completion of the OC sand. Before payout, Noble, Mariner and Entech will together retain a total 8.33% overriding royalty interest which can be converted at their option to a 25% working interest after payout.

Pursuant to a joint participation agreement between EnDevCo and Open Choke, EnDevCo will earn 1/3 and Open Choke will earn 2/3 of the rights in this farmout. This joint participation agreement also secures EnDevCo`s access to the production platforms on East Cameron Block 71/72 Field that are currently producing approximately 20 million cubic feet of gas per day and which are equipped with all necessary production facilities and pipelines to support increased oil and gas production resulting from drilling and completing new wells.

Concurrent with the well recompletion program, the state of the art 3D seismic previously acquired over East Cameron Block 71 will be utilized to identify additional drilling locations to fully realize a possible reserves potential of 2 million BOE.

This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit http://www.endevcoinc.com .

SOURCE EnDevCo, Inc.


11/28/2005 10:44 ET

[Elefant1]

East Cameron 71/72 Field

EnDevCo has announced a farmin agreement covering East Cameron Block 71. Installed production facilites consists of two production platforms and two stand-alone open water caissons tied back to those production platforms. The platform is located approximately 20 miles off of the coast of Louisiana in 204 feet of water. The Company has obtained debt financing for the project and has identified a drilling rig to begin the initial well re-completion designed to establish estimated daily production of 3,000 barrels of oil per day.

EnDevCo has designated Open Choke Energy, LLC as the project Operator who will re-enter the existing 71-7 well and attempt to complete the prolific "OC" pay sand. The farmin agreement was secured from Noble Energy, Inc., Mariner Energy, Inc. and Entech Enterprises, Inc. and grants EnDevCo an assignment of their operating rights down to a depth of 12,600 feet upon the initial commercial completion of the OC sand. Before payout Noble, Mariner and Entech will together retain a total 8.33% overriding royalty interest which can be converted at their option to a 25% working interest after payout.

Pursuant to a joint participation agreement between EnDevCo and Open Choke, EnDevCo will earn 1/3 and Open Choke will earn 2/3 of the rights in this farmout. This joint participation agreement aslo secures EnDevCo`s access to the production platforms on East Cameron Block 71/72 Field that are currently producting approximately 20 million cubic feet of gas per day and which are equipped with all necessary production facilities and pipelines to support increased oil and gas production resulting from drilling and completing new wells.

Concurrent with the well recompletion program, the state of the art 3D seismic previously acquired over East Cameron Block 71 will be utilized to identify additional drlling locations to fully realize a possible reserves potential of 2 million BOE.




Field Overview


The EC 71 field was discovered by Conoco in 1954. The main field pays consist of lower Pliocene, upper Miocene and middle Miocene sands which are trapped on a classic four-way closure downthrown to the main expansion fault. The discovery well found gas in multiple sands on this downthrown closure at depths between 6,500 feet and 9,000 feet in quantities sufficient to justify development of the field. Hydrocarbons have also been discovered and produced in closures upthrown to the primary trapping fault.

East Cameron 71/72 Field has produced a total of 277 BCFE since 1958.

The field is positioned in the offshore shelf area that has been characterized by deposition of abundant terrigenous clastics since the end of the Cretaceous period 65 million years ago. The sediments have been distributed by multiple active deltaic sequences dumping into a slowly subsiding basin. Multiple pay sands are common in this type of field environment and over 41 reservoirs are believed to exist in the EC 71/72 field area. Both normal and geopressured reservoirs have been encountered and produce in the field.

Geologically the field produces primarily from a low relief anticline found downthrown to a major east-west trending growth fault. The field is segregated into two primary structural components separated by three growth faulted compartments which comprise the closures containing hydrocarbons. Several peripheral fault blocks and secondary fault traps have also been identified and offer additional upside for future drilling projects beyond the main field structures. Recent 3-D seismic, of excellent quality, has been utilized to better identify potential pay zones. Amplitude anomalies exist in several interpreted sand reservoirs. Over 130 maps have been generated from well and seismic data to delineate the field structure, likely gas and condensate traps, and associated drillable targets.

EC 71/72 Field produces primarily gas and associated condensate from lower Pliocene, upper Miocene and middle Miocene sands. High quality 3D seismic data has been acquired over the block and interpreted by EnDevCo technical personnel. The seismic data clearly maps the high amplitude ("bright spots") indicative of gas filled reservoir sands. In addition to mapping the existing proved production, the 3D seismic mapping highlights significant upside potential for future development.

The productive lower Pliocene, upper Miocene, and middle Miocene sands contain both normally pressured and geopressured sands. Production depths within the field range between 4,000 feet (EK sand) to 12,600 feet (OC sands). Primary reservoir drive mechanisms include water and pressure depletion.

[Elefant1]

Es ist auch schon ein SEC Filling draußen

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Earliest Event Reported: November 28, 2005


Ich denke, diesmal meinen sie es ernst. Nicht wie vor 2 Jahren. Große Ankündigungen und nichts ist passiert!!!

[Elefant1]

Wenn jetzt noch die Bestätigung über die Finanzierung in Oklahoma kommt, dann geht es bestimmt stark nach oben.

[chiptrader]

würde mich freuen!

warte hier ja auch schon eine weile auf mein glück!

grüssle chipi

[Elefant1]

Ich kann nur hoffen, das die Finanzierung in Oklahoma gesichert ist!!!
Sonst könnte es hier abwärts gehen

Es gibt nämlich nichts schlimmeres als Ankündigungen und anschließendes tot schweigen!!!!!!


EnDevCo signs Farmin agreement

Nov 29, 2005 (M2 EQUITYBITES via COMTEX) -- EnDevCo Inc (OTC Bulletin Board:ENDE), an energy development company, announced on 28 November details of a new Farmin agreement. This agreement covers operational rights on the East Cameron Block 71 located in Federal OCS Waters offshore South Louisiana. EnDevCo has obtained the necessary debt financing for the project and has identified a rig to start the initial well re-completion.
The company also has access to the production platforms on East Cameron Block 71/72 Field drilling currently in operation. The previously acquired 3D seismic over East Cameron Block 71 will be utilised to identify additional drilling locations. EnDevCo has designated Open Choke Energy LLC as the project operator. If re-entry is not successful EnDevCo has the right to drill a replacement well to test the OC sand within a reasonable time frame. The agreement was secured from Noble Energy Inc, Mariner Energy Inc and Entech Enterprises Inc. Before payout, Noble, Mariner and Entech will together retain a total 8.33% overriding royalty interest which can be converted at their option to a 25% working interest after payout. Under a joint participation agreement between EnDevCo and Open Choke, EnDevCo will earn one-third and Open Choke will earn two-thirds of the rights in this farm-out.




(C)2005 M2 COMMUNICATIONS LTD http://www.m2.com

[chiptrader]

bei der fantasie die gerade in den öl und gaswerten herrscht müsste doch bei ende auch was gehen!

fehlt nur noch eine positive news und wir steigen!
zugegeben die news lassen lange auf sich warten leider!

chipi

[chiptrader]

habe ich gestern was verpasst oder warum dieser anstieg unter sollchen umsätzen!

chipi

[Elefant1]

Hallo @chiptrader

Warum das hier so rauf und runter geht, weiß ich auch nicht. Vielleicht weiß da einer wieder mehr als wir! Vielleicht kommen bald news, oder die haben uns, wie die letzten 2 Jahre, wieder mal verarscht!!!

[Elefant1]

News!!


Vielleicht wird ja doch noch der Turbo gezündet!

http://www.endevcoinc.com/

Unter Live Webcast findet am 9. März ab 11.30am ein live Gespräch mit Chris A. Ditmar statt.

We will see

[chiptrader]

hätte nichts gegen einen kleinen kurssprung!

sooo in richtung 0,25€

na ja bissle weniger würde mir auch reichen!

gruss

chip

[chiptrader]

so schlecht scheint das gespräch ja nicht gelaufen zu sein!

mal abwarten wie es die nächsten tage weiter geht!

gruss chip

[Elefant1]

Wollen wir es hoffen! Die Aktie ist sehr großen Schwankungen ausgesetzt, weil die Informationspolitik der letzten Jahre nicht gerade vorbildlich war.

Der Anstieg kann heute auch wieder in ein dickes minus umschlagen. Ich wünsch uns aber trotzdem ein fettes Jahr 2006 mit Endevco.

Wenn der erste Tropfen Öl gefördert wird, und wir es erfahren, dann geht es locker über 0,10.

Wenn nicht, dann geht es auf 0,02.

[Elefant1]

Ich glaub die Amis spinnen!

I`m listening to Chris as I update the board:
So far;
All 5 projects funded.
Short junction closed and will give us $2.5M PROFIT in 06.
$20,000,000 NET revenue in 2007
We have a lot of different well bores.
We`ve been quiet for 3 years until we got financing. Now we are ready to sell the Company
Perma Swab technology we may be selling.
More to come.

If you want to listen, register at our web-site

Rio Magdalena is huge.
We have 700 Million barrels in reserve close to the pipeline. Contract terms are excellent.
Nothing too deep.
Market Impact: $4-5$ per share in PROVEN reserves $86/share in probable. At 215,000,000 shares
We`ll have production numbers released to the public every two weeks.
The stock price will climb as we show production

HPK investments gave us $11M for Short Junction.
Chris`s other projects just received $120M in financing. His portion of that will help fund ENDE other projects.


Wenn er das so gesagt hat, dann geht es hier dieses Jahr ab!

[chiptrader]

sieht weiter gut aus!

hoffe es bleibt so!

chip

[Elefant1]

Wie soll man das hier deuten?

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

[Elefant1]

By: jeffwright6
17 Mar 2006, 12:19 PM EST
Msg. 135612 of 135651
Jump to msg. #
EnDevCo CEO Chris Dittmar To Appear On `Corporate Strategies` This Sunday

Mar 17, 2006 (financialwire.net via COMTEX) -- March 17, 2006 (FinancialWire) EnDevCo, Inc. (OTCBB: ENDE) CEO Chris Dittmar will appear live on Sunday, March 19, 2006 at 9 p.m. eastern on "Corporate Strategies with Tim Connolly."
Previous guests of the show have included U.S. Senator John McCain, ChangeWave Research`s Bryan Perry, Enterprise Products (NYSE: EPD) CEO Dan Duncan, Celgene`s (NASDAQ: CELG) CEO John Jackson, Landry`s (NYSE: LNY) CEO Tilman Fertitta, Mario Gabelli, former SEC Chairman Arthur Levitt, former Compaq CEO Eckard Pfeiffer, Money Manager Louis Navellier, and many others.

Dittmar will discuss the company`s business plan to participate in several sectors of the energy industry and its pursuit of exploration and production opportunities in both domestic and foreign venues.

"Corporate Strategies" is co-sponsored by Investrend Forums, and is available on the web at http://www.businesstalkradio.net and "ON THE AIR NOW" at Investrend Broadcast (http://www.investrendbroadcast.com) Emerge Capital Corp. (OTCBB: EMGC) is the lead sponsor of The Corporate Strategies Business Talk Radio Show, which may be heard on KSEV AM 700 in Houston, Texas, WGCH AM 1490 in Greenwich, Connecticut, WSBR AM 740 in Boca Raton, Florida, and on over 400 affiliate stations nationwide listed at CRN1 www.cableradionetwork.com, or on the Internet at www.businesstalkradio.net. This hour of "Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net) For up-to-the-minute news, features and links click on http://www.FinancialWire.net

FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp

For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279

The NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268


URL: http://www.financialwire.net

[chiptrader]

dank elefant sind wir hier immer über alles neue bestens informiert!

dickes danke!

gruss chip

[Elefant1]

Lt. den Amis, soll das Oklahoma Projekt bis Ende des Monats von dem Managment und einem Fonds finanziert werden.

Investitionsvolumen 2-2,5 Millionen US $!

Da frage ich mich doch, warum wir keine Infos über die verschobene Finanzierung bekommen haben.

Bleibt also zu hoffen, dass wir in Zukunft mehr news bekommen.

Es soll auch weitere 4 Projekte geben. Eins ist wohl Kolumbien mit 250.000 Morgen Fläche.

Da kann ich nur hoffen, dass die Finanzierung nicht zu Lasten der alt Aktionäre geht!!!

[chiptrader]

wenigsten ist mal wieder ein wenig fantasie in ende zurück gekommen!

in den letzten tagen war das handelsvolumen ja recht hoch,
auch wenn der kurs nicht recht von der stelle gekommen ist!

mal schauen wie es weiter geht.

gruss chip

[Elefant1]

Hier ein paar ausführliche Infos! Lt. Google sind die vom 10. März 2006!!!

http://www.1source4stocks.com/profiles/ende.asp

[Kanzler-neu]

Da über die MK von Endevco hier im Board offenbar nur eine sehr diffuse (und um ca. Faktor 10 falsche) Vorstellung herrscht, hier mal ein Auszug aus meiner eMail-Anfrage und der Antwort von Chris A. Dittmar vom 15.3.2006:

...

1. Is there any additional difference between the common and preferred shares? If no, what sense does it make to have two different kinds of stock?

There is no additional difference. Historically, when we removed the previous board of directors and management, the preferred shares were the only authorized shares we could use to acquire the good projects we now have. When we reverse our stock we will either buy out the preferred or they will convert to common shares.

2. Taking into account the preferred shares, I calculate with 6 billion shares outstanding. At $0.054 per share this translates into a market capitalization of over $300 million.

Yes, the marketplace currently values EnDevCo on a fully diluted basis at $300+ million dollars capitalization.

...

Chris A. Dittmar
EnDevCo, Inc.
2425 Fountainview Dr.
Suite 215
Houston, TX 77057

Tel: [phone]
Fax: [phone]
Cel: 832-202-9222

[Elefant1]

@kanzler-neu

Danke für die Infos. Habe ich bis jetzt nie so gesehen


Da kann ich nur hoffen, dass die Verdünnung in der Form nicht durchgeführt wird!

Aber so ist OTC, man kann nur gewinnen oder verlieren.

[Elefant1]

@all

Der Quartalsbericht verzögert sich ein wenig! Spätestens am 15. April wissen wir wohl mehr.

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3…

[elkie]

Hallo zusammen,

bin seit über einen Jaht investiert
Heute steht ende bereits bei 0,087
Gibt es NEWS ? kann nichts finden ?

elkie

[Elefant1]

Big News bis Freitag, aller spätestens am Montag!

Der Anstieg kann nicht zufällig sein.

[Elefant1]

Die Amis taxen immer höher im ASK und neue Shares nicht nicht viele zu bekommen.

[elkie]

Hallo
unter folgender Adresse gabs eine Empfehlung.Meinungen ?

http://www.allstocks.com/homepages/homepage6.ht

elkie

[elkie]

aktuell 0,095
sehen wir heute noch die 0,10 US Cent ?!

Elkie

[chiptrader]

na das macht spass!

bın gerade im urlaub ubd dachte ,
schauste mal was ende macht und dann dass!

der urlaub wird ımmer besser!

freue mich für alle dıe hier schon seit langemm auf den anstieg warten!

denke wır habens uns verdient!

mal schauen wo der kurs hın geht.

gruss chip

[elkie]

0,10 !!!

elkie

[Elefant1]

Hallo @chiptrader schön von dir zu hören.


Schlaft ihr alle oder was ist los?

Wir produzieren Oil und Gas in Oklahoma.


News kommt sofort.

[Elefant1]

ENDE -- EnDevCo, Inc.
Com (No Par)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

EnDevCo Purchases Short Junction Field

HOUSTON, TX, Apr 13, 2006 (MARKET WIRE via COMTEX) -- EnDevCo, Inc. (OTC BB: ENDE) the Energy Development Company, today announced the acquisition of 100% of all rights in the Central Unit and 98.712% in the West Unit of Short Junction Field located in Oklahoma City, Oklahoma by EnDevCo Eureka, LLC for a purchase price of $11.5 million. EnDevCo Eureka is owned 55% by its parent EnDevCo, Inc. and 45% by private investors who are related parties. These investors contributed $3.0 million in equity to enable EnDevCo to consummate the transaction. EnDevCo Eureka, LLC, managed by EnDevCo personnel, will be the Operator for the project with an effective date of January 01, 2006.
An aggressive well recompletion program that commenced in January of this year will now provide immediate increases in daily oil and gas production. Project financing is provided by GasRock Capital, LLC of Houston, Texas and takes the form of a $30.0 million credit facility. GasRock Capital (www.gasrockcapital.com) provides project based mezzanine debt financing to the oil and gas industry by backing proven management teams that identify high quality exploitation projects like the Short Junction Field. Mr. Scott Johnson, GasRock Capital's Managing Director stated, "This is an attractive opportunity for both EnDevCo and GasRock with a solid foundation of proved reserves and a large upside we believe EnDevCo's management team is capable of successfully exploiting."

The 12,000 acre field includes 270 well bores and full ownership rights to a field wide natural gas pipeline and gathering system offering two independent taps into the interstate gas transmission system. The field is currently producing from only 19 wells with total daily production in excess of 100 barrels of oil per day from the Hunton limestone reservoir and 300 mcf of gas per day from the Red Fork Sand reservoir. The Company will draw down an initial $9.5 million from its credit facility to be used toward the acquisition price and operations on 13 additional well bores during the second quarter of this year. This work will be focused on the completion of bypassed gas pays and the reactivation of selected oil wells to produce shut-in proven reserves.

"Later this year, once the work program of well workovers and re-completions is further along, we will be acquiring 3D seismic over the field. This data will be utilized to guide the drilling of horizontal multi-lateral wells in the Hunton reservoir to develop the full upside potential that we have identified in the field. We believe that our application of cost effective 'science before the drill bit' will greatly reduce the risk profile and improve profits for the Company while increasing value for our shareholders," said Mr. Richard G. Boyce, COO.

Mr. Chris A. Dittmar, CEO stated, "This purchase is an important milestone for EnDevCo. It will establish for the first time, a solid and dependable cash flow for the Company from oil and gas production. As a result, the Company finally will be able to book Proved Reserves on its balance sheet. We are thankful for the opportunity to prove ourselves as a 'boots on the ground' Operator of a significant oil and gas producing field. We would also like to acknowledge and greatly appreciate, the confidence shown in our management team by GasRock Capital."

This press release includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo visit www.endevcoinc.com.



Contact:
Chris A. Dittmar
CEO
713-977-4662
[e-mail]

SOURCE: EnDevCo, Inc.



CONTACT: mailto:[e-mail]


Copyright 2006 Market Wire, All rights reserved.

-0-

[Elefant1]

NEWS

10-KSB ist raus.

Die Rolle durch Chris Dittmar ist mir aber noch noch nicht so klar!

On January 01, 2006 the Company entered into a farm-in agreement with BT Operating Co., a related party managed by Campbell Evans, wherein the Company will participate in the drilling and completion of four wells in Eugene Island Block 294 and/or Chandeleur Block 14 to earn a 50% working interest in each block.

As of April 11, 2006, Open Choke Energy Partners No. 1, LP and Chris A. Dittmar contributed $3,000,000 in equity to EnDevCo Eureka, LLC in order for EnDevCo Eureka to complete its purchase of the Short Junction Field in Oklahoma. EnDevCo Eureka is owned 55% by EnDevCo, Inc., 30% by Open Choke Energy Partners and 15% by Chris A. Dittmar. Open Choke Energy Partners is a related party managed by Campbell Evans. The purchase of the Short Junction Field was completed April 13, 2006.


Der hält 15% an Oklahoma!
Und das Managment 44,06% an den Preferred shares!!

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

[Elefant1]

Auf der Homepage von Endevco!

Short Junction Field, Oklahoma

Located approximately five miles south of Will Rogers International Airport in Oklahoma City, Short Junction Field is operated by a subsidiary of EnDevCo, Inc. The field was originally discovered in 1948 and during the 1950's was fully developed by Conoco. Oil production has been continuous since that time. Estimates of the original oil in place range as high as 250 million barrels, but during the life of the field, less than 10% of that oil has been produced. The producing horizon is the prolific Hunton formation which is is a fractured limestone reservoir wherein oil is trapped in a stratigraphic pinchout of the formation against the deep seated "Oklahoma City High" located to the north.

Short Junction Field covers 18 square miles, and is comprised of the West Short Junction Unit (blue) and the Central Short Juction Unit (red) which represent 12,000 acres of oil and gas production.The entire productive limits of the Hunton formation are fully unitized and operated as a single producing field. Originally wells were drilled on 40 acre spacings in an attempt to tap the Hunton and effectively drain the relatively low porosity and permeability reservoir. This resulted in over 270 wells being drilled to a depth of 8,000 feet in the field. Today the field is producing from 19 wells with a total of 34 wells still capable of producing oil from the Hunton formation. The Short Junction Field is currently producing approximately 100 barrels of oil per day (BOPD) and 300 thousand cubic feet of gas (MCF).

HISTORY

Following 14 years of primary production, Conoco installed a water flood system during the 1960's in an attempt to improve oil recovery by pumping water into the formation to sweep additional oil from the reservoir. This proved to be an unsuccessful technology to improve oil recovery due to the fact that the fractures in the limestone provided low resistance pathways for the water to break through-- leaving vast areas of the field completely untouched by the injected water front. The water flood was abandoned in 1980 and later in 1988, Conoco sold the field to a small Oklahoma independent to plug and abandon a majority of the wells while continuing to produce those wells that were still considered economic. By 2003, the production from the entire field had dwindled to less than 15 barrels per day and only 34 wells were left capable of producing oil. However in the meantime, oil and gas prices had recovered and new technologies had been developed that can give this field a new life.

HARVEST THE LOW HANGING FRUIT - "Proved Behind Pipe Reserves"

EnDevCo's personnel have conducted an extensive review of the producing history and subsurface geology on all 270 wells originally drilled in the field. Located above the Hunton reservoir, the Bartlesville, Prue, Red Fork, Skinner and Lyle sandstones are present in the Field and most are indicated as productive based on well log analysis. While these pays sands are proven productive across Oklahoma, in the case of Short Junction Field, these pay sands were never universally tapped or produced by previous operators. Utilizing subsurface information, geological mapping and volumetric measurements, EnDevCo technical personnel estimate that an additional 1.5 million barrels of oil and 10 BCF of gas remains to be recovered from these reservoirs. In most cases, when the wells were abandoned, the casing was left in place over these payzones, thus protecting the formation behind pipe from leaking gas and oil back to the surface. These "behind pipe" reserves have been evaluated by an independent third party engineering firm. Many of these pay zones can be tapped immediately by simply re-entering existing low productivity Hunton wells to re-complete and establish production in these shallower pay sands or by conducting a procedure known as a washdown to reconnect a casing from the surface to the original casing left in the hole at abandonment. These types of operations can be successfully carried out at a fraction of the cost of drilling new wells. Once the paysand has been perforated, EnDevCo will apply "state of the art" Nitrogen and CO2 foam fracs to these reservoirs to increase oil and gas production rates. During the second quarter of 2006, EnDevCo has scheduled approximately 12 of these types of operations at a cost of $1.4 million which is estimated to increase natural gas production from 300 MCFD to 5,000 MCFD and oil production from 100 BOPD to 350 BOPD. Based on success from this initial program, a large number of similar operations will be conducted in an aggressive campaign designed to more fully develop these resources.

UPSIDE POTENTIAL


Hunton Gas Cap - Bottom hole pressures recently measured in the Hunton reservoir indicate that formation pressure today is essentially the same as when the Field was originally placed on production. EnDevCo technical staff believe that this very uncommon characteristic results from Conoco having instituted a water flood pressure maintenance program in the early stages of development. Conoco engineers purposely avoided any gas production in order to maintain overall reservoir pressure to maximize primary oil production. As a result of this pressure maintenance, it appears that the gas cap in the Hunton reservoir has never been produced. EnDevCo internal estimates place approximately 10 BCF of recoverable gas in the Hunton gas cap. Following a more complete reservoir simulation study of the Hunton Formation, this concept will be tested through the washdown and re-completion of an existing well located in the northern end of the Field.

Hunton Oil Production - Estimates by internal EnDevCo technical personnel indicate that as much as 250 million barrels of oil were originally trapped in Short Junction Field. As a result of the Hunton limestone reservoir characteristics, only 10% of that oil has been produced through the 270 vertical wells drilled on 40 acre units during the 1950's. Today, reservoirs of this same type in West Texas and the Middle East are routinely drilled using underbalanced-horizontal-multilateral drilling technologies that provide maximum reservoir contact between the drill hole and the oil bearing formation. In many instances, using these advanced drilling techniques tenfold increases in daily production rates are common. EnDevCo is planning an advanced engineering study which will be combined with state of the art 3D seismic reservoir characterization methods to identify those areas of the Field that should be drilled using these techniques.

Exploration for Deep Potential - Following the acquisition of a field wide 3D seismic survey, the potential exists for the identification of exploration prospect to be developed in the deeper undrilled geology undelying the Hunton formation. Scattered deep wells have already penetrated these horizons which are productive elsewhere in Oklahoma and include the Viola and Arbuckle Formations and possibly the Bromide Sand.

Unconventional Gas Development - Unconventional gas resource plays in shales are currently undergoing an unprecedented development in basins all across the Mid Continent of the USA. Specifically, in southeastern Oklahoma, drillers are beginning to experience success in tapping the rich Woodford Shale for natural gas reserves. This formation is present across the southern half of Short Junction Field in sufficient thicknesses to represent a potential drilling target. EnDevCo technical personnel are investigating this play concept for possible future development.

PRODUCTION FACILITIES

Included with the Field purchase are full ownership rights to a recently refurbished field wide gas pipeline and gathering system that offers two independent metering stations for access to the interstate gas transmission system. Most wells are produced using the traditional pumping units often associated with the oil business. Oil is produced at each well and is sent via small underground pipelines to a central tank battery, where produced oil and water are separated. The oil is stored in large tanks and is subsequently trucked to a refinery where it is sold. The waste formation water produced with the oil is re-injected back into the Hunton Formation to maintain reservoir pressure and to avoid any contamination of the surface or of any other acquifer or ground water resource.

[chiptrader]

so wie bei diesem unternehmen sollte es bei ende auch mal ab gehen!

Greater Sooner Holding:
Entscheidende Schritte zum Produzenten!
Der Schritt von einem Explorationsunternehmen zu einem Produzenten ist einer der wichtigsten Schritte im Lebenszyklus eines Rohstoffunternehmens. Bei Greater Sooner Holding (WKN: A0JEQ6) ist dieser Schritt nun quasi vollzogen.

Ab Anfang Mai fließen die Umsätze aus einem Rohstoff-Förderprojekt in Texas (wir berichteten) in die Taschen unserer Rohstoff-Kursrakete. Damit werden Umsatz und Ergebnis sich sprunghaft verbessern. Mit der heute vorbörslich veröffentlichten Meldung über den Kaufabschluss des Projekts in Texas wird zudem der fundamentale Wert von Greater Sooner deutlich erhöht. Der Vereinbarung zufolge erwirbt das Unternehmen 100 Prozent der operativen Anteile sowie 75 Prozent der Umsatzanteile an dem Projekt, das bereits vor längerer Zeit in die Förderphase eingetreten ist.

Doch damit nicht genug: Greater Sooner ist an einem neuen Deal dran, der viele Millionen Dollar wert ist. Man hat Interesse an einem Förderprojekt in Süd-Texas, das rund 100 Quadratmeilen groß ist. Die Gegend, in der das zur Entwicklung anstehende Projekt liegt, ist für die Förderung von Kohlenwasserstoffen aus verschiedensten Quellen bekannt.

Erste, vorsichtige Schätzungen gehen von mutmaßlichen Rohstoffreserven ("probable Reserves") im Wert von satten 250 Millionen Dollar aus! Bestätigt sich der Wert der Reserven in weiteren geologischen Untersuchungen, säße Greater Sooner Holding hier auf einem Rohstoffschatz, der ein Vielfaches des Unternehmenswertes ausmacht. Dass dies massive Kursphantasie in die Aktie bringt, muss vor diesem Hintergrund nicht besonders herausgestellt werden.

Die zurzeit zu beobachtende leichte Konsolidierung der Aktie ist vor diesem Hintergrund eine klare Kaufchance. Der Rückgang ist nicht Besorgnis erregend, nachdem sich das Papier zuvor vervielfacht hat. Angesichts der geradezu sensationellen Aussichten sollte man Rückschläge zum Einstieg in die Aktie nutzen.

Greater Sooner Holding
Frankfurt: WKN A0JEQ6
New York: GSNH

[Elefant1]

Die haben ja noch nicht mal ne Homepage!

Die sind besser:

Caspian Oil & Gas
Rolling Thunder Exploration
Endevco inc.

Ich gebe zu, Rolling habe ich etwas unterschätzt.

[chiptrader]

Antwort auf Beitrag Nr.: 21.298.240 von Elefant1 am 24.04.06 16:42:14

schön das es heute mal wieder etwas kräftiger nach oben geht!

nach dem der kurs in den letzten tagen nur eine richtung kannte,
und die ist nicht meine lieblings richtung.

gruss chip