Westbridge Energy mit Empfehlung

ist bei fast allen Aktieninvestitionen geboten. Resplitts sind aber nicht selten. Da gibt es viele Beispiele wie z.B. Unicredit, usw...

Damit wird einerseits das Kurslevel wieder gehoben um sich attraktiver für größere Investmenthäuser darzustellen bzw. sich andererseits Luft für künftige KE zu verschaffen.

Alleine ein Splitt bedeutet jedoch nicht zwangsläufig negative Aussichten. Es ist vielmehr wichtiger was der genau Grund dafür ist. Bei Westbridge könnte Black Pearl dafür verantwortlich sein. Bei Apple überlegt man wegen des hohen Kurses den umgekehrten Vorgang um die Aktie billiger erscheinen zu lassen.  

Westbridge Energy's OM No. 1 producing 40 boe/d

2014-06-02 08:33 ET - News Release

Mr. Tosan Omatsola reports

WESTBRIDGE ANNOUNCES INITIAL RESULTS FROM WORKOVERS AT BIVENS FIELD

Westbridge Energy Corp. and Black Pearl Holdings LLC have released the initial results of the fracturing of the 11,300-foot sand in the Olympia Minerals No. 1 well and Baker Hughes STIMGun propellant-assisted perforating system applied to the 10,600-foot sand in the Olympia Minerals No. 2 well at Bivens field, Beauregard parish, Louisiana.

Initial Workover Results

The OM#1 well is currently producing at 15 barrels of oil per day ("bopd") and 150 thousand cubic feet of gas per day ("mcfpd") or approximately 40 barrels of oil equivalent per day ("boepd"). When compared to the production prior to the workover of approximately 10 boepd, this represents a production increase of greater than 300%. The flowing tubing pressure in the well has increased from 200 pounds per square inch to 350 pounds per square inch since completion of the fracture stimulation and continues to build. This demonstrates the effectiveness of the frack. The diameter of the choke is also being adjusted to increase the tubing velocity in order to lift the fluids in the column. It is anticipated the well will produce at a sustained rate comparable to or greater than the current rate once a plunger lift system has been installed.The OM#2 well is currently shut-in and building pressure after an average initial production rate of 50 bopd and 70 mcfpd or approximately 62 boepd. It is anticipated the well will produce at a sustained rate comparable to or greater than the initial production rate once the perforated section is isolated with a packer and a plunger lift system has been installed. After funding a non-consenting working interest, Westbridge will receive 41% of the net revenue interest from the field. The total net cost of the work-overs was $330,500 compared to an anticipated net expenditure of $349,000. The product from Bivens Field is currently being sold at the WTI oil price of approximately $104 per barrel oil and NYMEX gas price of approximately $4.50 per thousand cubic feet. Follow up PotentialThe Bivens Field is a highly charged, fault-bounded 3 way structure with 7 productive pay zones and 2 potentially productive pay zones in the Middle Wilcox section of the field and 8 pay zones to be further tested in the Lower Wilcox section of the field (see Figures 1, 2, 3). This unique situation provides significant follow up potential. Westbridge and Black Pearl intend to drill a deep well into the Lower Wilcox reservoir intervals at Bivens Field. The well is planned for the end of third quarter, 2014 and will target a total depth of 14,300 feet. The Lower Wilcox is an extremely productive section within the Wilcox trend in southwestern Louisiana. This is evidenced by analog fields such as Neale Field, located 8 miles to the north of Bivens Field, which historically produced 64+ billion cubic feet of gas and 20+ million barrels of oil. Over 50% of the hydrocarbons produced at Neale Field were from the Lower Wilcox section (see Figure 4).

Bivens Field - Follow up Potential - Figures 1, 2, 3, 4Management Commentary Mr. Tosan Omatsola, President and CEO of Westbridge, comments: "Westbridge and Black Pearl are pleased with the initial results of these workovers and anticipate production numbers to steadily increase as we continue to work the wells. Additionally, these initial results substantiate not only Black Pearl's historical 70% commercial success rate on over 60 wells, but supports the industry's recent attention to a revitalization of the Wilcox trend in southwestern Louisiana. Westbridge is one of the few, if not the only, Canadian junior exploration and production company to be producing from this trend. We look forward to implementing our follow up programs at Bivens Field and moving forward to exploit additional play trends in the southern United States."For additional information, readers are invited to review additional corporate and property information available at Westbridge's website at:

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.  

Westbridge contracts rig to drill Wharton county well

2014-06-04 07:55 ET - News Release

Mr. Tosan Omatsola reports

WESTBRIDGE PREPARES TO DRILL AND ATTRACTS NEW PARTNERS AT WHARTON COUNTY FIELD

Westbridge Energy Corp. and Black Pearl Holdings LLC have contracted a rig to drill the Wharton county No. 3 well at the Wharton county field, Wharton county, Texas, and have secured two new farm-in partners. Westbridge and Black Pearl are also pleased to announce the resolution of a probate-related matter and the leasing of all lands required to move forward with drilling the WC No. 3 well.

Drilling rig secured for Wharton county No. 3 well

Westbridge and Black Pearl have secured a drilling rig to complete a development well at the Wharton county field from Coastal Drilling LLC. The rig is scheduled to spud the well during the week of June 16. This 1,000-horsepower rig is anticipated to reach the target total depth of 10,000 feet in approximately 14 days. Thereafter, the completion of the well will take approximately an additional seven days. All engineering and on-site operations associated with the well are 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.

The WC No. 3 well will target the Lower Frio section stratigraphically trapped against the Boling salt dome. Based on detailed technical analysis, Westbridge and Black Pearl anticipate a large portion of the 50-foot section of reservoir sand will be saturated with light oil and capable of achieving high flow rates. 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-inch 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.

New partners at Wharton county field

Westbridge has entered into a binding agreement alongside Black Pearl whereby Westbridge and Black Pearl will convey a 10-per-cent working interest in the Wharton county field to Texas Onshore AB and an additional 10-per-cent working interest to MEO Petroleum LLC. In combination with the 10-per-cent conveyance announced on March 18, 2014, and the 30-per-cent conveyance announced on March 31, 2014, Westbridge now controls a 20-per-cent working interest and Black Pearl controls a 20-per-cent operating interest in the Wharton county field.

Pursuant to the terms of the transaction, Westbridge and Black Pearl will each receive half of a 5.0-per-cent back-in right after the payout from the WC No. 3 well. After taking into account the back-in rights of the previously announced and current transactions, Westbridge will hold a 27.5-per-cent working interest and Black Pearl a 27.5-per-cent operating interest in the Wharton county field. TX Onshore and MEO will each finance their proportionate share of all lease and drilling costs going forward as well as pay an entry fee of $20,000 (U.S.). These funds will be applied to the cost of the WC No. 3 well.

As a result of these transactions, Westbridge will now finance 40 per cent of the upcoming drilling costs associated with the WC No. 3 well.

Management commentary

Tosan Omatsola, president and chief executive officer of Westbridge, commented: "Westbridge and Black Pearl are pleased to be working with Traton Engineering and welcome the new partners to the Wharton county field. Our ability to attract experienced and competent industry partners is testament to the merits of this field and its potential to produce high-quality oil."

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.  

für mich ist und bleibt es aktien diebstahl anders kann man es nicht nennen  oder noch anders ich habe 500 euro eingesetzt und habe durch um rechnung nur noch 180ero was ist denn   ein geschenk  

.. 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    

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.  

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.  

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