RISK: Moderate
SWING TRADE MEDIUM -LONG
FEGR Security Details
Share Structure
Market Value1 $153,982 a/o Jun 13, 2012
Shares Outstanding 128,318,127 a/o May 07, 2012
Float Not Available
Authorized Shares 100,000,000 a/o Jun 25, 2010
Par Value 0.001
52 week low hit today .0012 . bottoming tail
Business Description
Friendly Energy Exploration engages in the acquisition, exploration, development, and operation of oil and gas properties in the United States. Our primary focus is on acquiring leases and wells in established oil fields to minimize risk. The Company expects to build share value through revenue from oil & gas wells
****Oil/Gas stock with recent news on oil/gas lease may 16 2012
BROWNWOOD, TX, Mar 16, 2012 (MARKETWIRE via COMTEX) — Friendly Energy Exploration (OTCBB: FEGR) will soon be re-entering several dormant wells for testing on its Byler Lease in Brown County, Texas.Rick Hutchins, COO, stated, “The current wells producing are wells which were selected months ago to rework in order to determine the steps to take on the Byler lease. The rework on these wells has been successful, and we believe warrants moving to others on the lease for reworking purposes rather than plugging them. Historically, the lease has been very prolific, producing from the Fry Sand at less than 1,300 feet. With the technology we are employing, we expect additional success in our efforts on this lease.”Doug Tallant, President of Friendly Energy, agrees and has stated, “The Byler lease as an older, mature lease still offers additional production potential from the shallow sands. We intend to exploit that in additional to looking at the possibility of drilling a deeper well to test the Caddo Limestone and the Marble Falls Limestone, both prolific in the area and less than 2,800 feet in depth.”About Friendly Energy:Friendly Energy is an exploration, development and production company in the Oil and Gas Exploration Industry. The company is focusing on low cost oil and gas recovery in the State of Texas and Oklahoma. Friendly Energy is committed to building shareholder value by taking advantage of the current market pricing of oil and gas by developing undeveloped reserves with little downside risk. Please see the company’s website: www.fegr.biz.
KEY POINTS
****In Sympathy with (UNG) 17.30 GAS ETF catching a major bid the Gas Sector up 15% yesterday
There is a saying the TREND is YOUR FRIEND
I believe that this OTCQB stock could see a major rally the Support levels held strong yesterday creating a beautiful reversal tail, the stock touched .0021 and now trading at .0015 with a higher low , Be patient look for entry on Level 2 and Chart this could see .006 Short Term
Triple zero stocks with huge potential
INAR .0004 this stock mentioned to members last week and gave opportunity to add as low as .0002 , this is a stock that trades with a cycle, A term buy set and forget , the stock has traded from these levels to .002 I believe we will see this once again.
BBDA .0009 this stock mentioned in the chatroom at .0004 hit a high of .001 the stock had solid news and is trading with volume, watch for the stock to break the pivotal .001 mark
PWLK .0003 this stock giving members opprotunity to add as low as .0002 another stock that trades in cycles, the low ss along with added interest I could see this test .0012-.0015 at some point
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