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Wow, thank you for that great news on PMDP (Plateau Mineral Development Inc.) I think that them getting the letter of intent from Hanson Consulting to join together in the prodution and lifting of " Heavy crude oil" is great. I think that this news will really make this stock move, because oil is one of the most important things right now, it helps heat homes, power cars to run ext...So keep PMDP on your radars for possible price increases, more news and big long term runs imo....Happy Trading!!!!
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approximately $28 million in revenue annually...roll forward to capitalize on the opportunities
mac d line running right below red signal line...it has spike north both times this week when i got in and looks like another good day today PMDP - SharpCharts Workbench : StockCharts.com |
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PMDP
Friday + 12.50% closed in the green on the up tick RSI LINE @ 47.77 spiking up MAC D showing positive diversion Slope positive closed 0.00090 The stock held and rallied from $0.0008. This was support for 11 trading days in Nov. With the MACD crossing to the upside and the RSI rising imo there could be a rally to $0.0011- 0.0014 |
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PR at the end of close last thursday
WINSTON-SALEM, N.C., Dec. 9 /PRNewswire-FirstCall/ -- Plateau Mineral Development, Inc. (Other OTC: PMDP), along with its partner, EnSol, LLC , announced today that the firm has been given a Letter of Intent (LOI) from Hansen Consulting to joint venture the production and lifting of "heavy crude" oil. The Hydrocarbon Decomposition Process created by Mr. William Strange, current President of PMD, creates a "solvent" that facilitates the "lifting" of heavy crude oil. Application of the "solvent" reduces the friction, API gravity and viscosity of the oil causing the oil to flow freely in the wellbore. Tests run on a Woodbine well in East Texas have showed remarkable results. Hansen Consulting has acquired several proprietary mechanical, chemical and other processes representing new technologies and is currently testing some of the reservoirs. More than 30 million barrels of oil in proven reserves in the Trinity Sands and Paluxy formations in Texas are available and currently cost prohibitive. These reserves will become profitable with the solvent produced by the Hydrocarbon Decomposition Process. Hansen estimates that the 30 Million barrels in the formations that are available and sellable at current prices can produce $2.200 billion in general revenue with $840 million in gross revenue remaining for the joint venture. According to Mr. Hansen, "We have been successful in locating studies conducted by Universities in Texas, Oklahoma, Missouri, Kansas and Colorado in the past few years of logs and salient data. These studies show that many fields have 70% or more of the original oil in place, but due to specific API gravity or other 'lifting' conditions, are uneconomical to recover at the present time." Plateau's President, Bill Strange states, "The solvent has been shown to be cost effective to reduce the cost of lifting 'heavy oil' by an amount of at least $20 plus per barrel. We are ready to roll forward to capitalize on the opportunities before us." Been plenty of talk lately, all eyes on, if not already. Currently +12% |
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PMDP Announces with Hansen Consulting to Facilitate the Production of up to 30 Million Barrels of Previously Unproductive and Uneconomical 'Heavy Crude' Oil. This company has been putting out great PRs the past couple of weeks. Look for PMDP to make another strong run this week.
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I think some of this forum may be over my head
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PMDP
Yesterday traded down to and rallied from the 200 day moving average, last time stock traded at that price (0.0006) it rallied nicely to 0.0015, wich is through the current 50 day moving average (0.0010) looking for stock to trade in this range until it makes it's next move RSI LINE @41.29 starting to curve upwards Mac D running even I believe we will go will see some price appreciation today |
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PMPD specializes in the exploration and development of energy sources. Plateau Mineral Development LLC, has been in existence for over five years with successful wells and rework wells selling gas and oil. Watch for this company to make another run, buy on the dip IMO.
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PMPD specializes in the exploration and development of energy sources. Plateau Mineral Development LLC, has been in existence for over five years with successful wells and rework wells selling gas and oil. Watch for this company to make another run, buy on the dip IMO.
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