Westbridge Renewable Energy Aktie

haben sich nur bereichert durch aktien spliting an den aktieonerren die viel verloren haben sauerei keine kauf empfelung

Westbridge, Black Pearl drill WC No. 3 to 10,000 feet 2014-07-16 08:21 ET - News Release Mr. Tosan Omatsola reports WESTBRIDGE AND BLACK PEARL ANNOUNCE WELL RESULTS FROM WHARTON COUNTY FIELD Westbridge Energy Corp. and Black Pearl Holdings LLC's Wharton County No. 3 (WC No. 3) well in Wharton county, Texas, has been successfully drilled to total depth of 10,000 feet (3,048 metres) and encountered 47 feet (14.3 metres) of gross objective interval with 25 to 30 feet (7.6 to 9.1 metres) of net pay in the Lower Frio section of the field. Results from the logging and coring have confirmed the presence of 36- to 40-degree gravity oil. Based on the positive results from the drilling of the WC No. 3 well, Westbridge and Black Pearl are proceeding with the completion of the well. Reservoir characteristics Consistent with predrill expectations, the WC No. 3 well encountered the Lower Frio section stratigraphically trapped against the Boling salt dome and found light-oil-saturated reservoir sands. The characteristics of the reservoir show excellent properties with average porosity of 24 per cent and average permeability of 300 millidarcies. The reservoir was encountered 49 feet (14.9 metres) structurally updip from the Wharton County No. 1 well. Completion and production Westbridge and Black Pearl now move forward with completion of the WC No. 3 well. This will involve perforating 25 feet of interval followed by initial production and optimization to maintain an adequate reservoir pressure drawdown. Westbridge and Black Pearl will update the market with initial production rates in the near future. The Wharton field has an additional five to six follow-up drill locations. Consistent with the drilling of the WC No. 3 well, the completion is being managed by Traton Engineering, a full-service engineering and consulting firm with expertise in all phases of oil and gas operations throughout the world. Management commentary Tosan Omatsola, president and chief executive officer of Westbridge, comments: "We are very pleased with the results of the WC No. 3 well. This well has been drilled on budget, encountered excellent reservoir properties and intercepted an amount of pay consistent with our predrill expectations. This well also confirms the upside potential of the Wharton county field and we anticipate it will warrant an upward revision of our reserves associated with the field." Mike Looney, president and chief executive officer of Black Pearl, comments: "The WC No. 3 well has involved the dedication of multiple parties and I would like to thank all parties of their support in generating this success. We now focus our efforts on the completion of our merger with Westbridge and moving forward with our remaining operational milestones for 2014." We seek Safe Harbor. © 2014 Canjex Publishing Ltd. All rights reserved.

Westbridge Energy spuds Wharton county No. 3 2014-06-20 08:45 ET - News Release Mr. Tosan Omatsola reports WESTBRIDGE AND BLACK PEARL SPUD WELL AT WHARTON COUNTY FIELD Westbridge Energy Corp. and Black Pearl Holdings LLC's Wharton county No. 3 well has been spudded as outlined in the company's press release dated June 4, 2014. It is anticipated the target depth of 10,000 feet will be reached in approximately 14 days. The WC No. 3 well will target the Lower Frio section stratigraphically trapped against the Boling Salt Dome. Westbridge and Black Pearl anticipate a large portion of the 50-foot section of reservoir sand will be saturated with light oil. This expectation is based on an initial production rate of 236 barrels of oil per day from the Wharton county No. 1 well on an 8/64ths choke before the well watered out due to mechanical problems associated with the completion. The project is located approximately 50 miles southwest of Houston, Tex., and contains all the necessary infrastructure required to monetize both the oil and gas. In addition to the WC No. 3 well, the Wharton county field potentially has five to six follow-up drilling locations. We seek Safe Harbor. © 2014 Canjex Publishing Ltd. All rights reserved.

.. es dir ein Trost, dass auch das gesamte Management davon betroffen ist. Allzu lange werden sie bei der negativen Kursentwicklung (nach dem Aktiensplitt) nicht zusehen. Auch ihre Kohle wäre dann weg. Warum investiert du eigentlich in WEB? Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Price Apr 26/14 Apr 24/14 Boisjoli, Robert Indirect Ownership Common Shares 10 - Acquisition in the public market 7,500 $0.250 Apr 25/14 Apr 21/14 Boisjoli, Robert Indirect Ownership Common Shares 37 - Stock split or consolidation -37,500 Apr 25/14 Apr 21/14 Boisjoli, Robert Direct Ownership Options 37 - Stock split or consolidation -337,500 Apr 23/14 Apr 21/14 Looney, Robert Michael Direct Ownership Options 37 - Stock split or consolidation -150,000 Apr 23/14 Apr 21/14 Frewin, Mark Direct Ownership Options 37 - Stock split or consolidation -1,650,000 Apr 23/14 Apr 21/14 Everingham, Kevin Direct Ownership Warrants 37 - Stock split or consolidation -1,087,800 Apr 23/14 Apr 21/14 Everingham, Kevin Direct Ownership Options 37 - Stock split or consolidation -1,237,500 Apr 23/14 Apr 21/14 Larkin, Paul Anthony Direct Ownership Warrants 37 - Stock split or consolidation -150,000 Apr 23/14 Apr 21/14 Larkin, Paul Anthony Direct Ownership Options 37 - Stock split or consolidation -412,500 Apr 23/14 Apr 21/14 Omatsola, Botosan Oneoritsebawo Direct Ownership Options 37 - Stock split or consolidation -1,368,750