MMTE- oil play moving up - Penny Stocks

matto · Sun, 10-21-2007, 07:26 AM

Mammoth Energy Group, Inc.

Mammoth Energy Group, Inc. is an oil and gas exploration holding company, consisting of a wholly owned subsidiary, whose primary focus is the development of oil and gas prospects in the State of Oklahoma.

The company's objective is to identify and evaluate oil and gas prospects and to provide expertise and capital to those projects that are believed to have the potential to produce oil and gas in commercially viable quantities.

The company relies on third party contractors for prospect drilling operations, negotiation of production sales contracts and the delivery of oil and gas production to the marketplace.

Mammoth Energy Group

Mammoth Energy Group, Inc. ("Mammoth") formerly traded on the NASDAQ stock exchange, is now, after its restructuring as an oil and gas exploration company, trading on the Pink Sheets Quotation Service under the ticker symbol MMTE.PK.

The company is managed by Joe V. Overcash, CEO and Clarence Foust, Secretary.

United Gas OK, Inc.

Mammoth has signed an agreement to acquire United Gas OK Inc. an Oklahoma company with working interests in 17 producing gas wells and a deposit placed on a 1,400 acre field and also in Oklahoma that has the potential to drill 60 shallow gas wells.

Our Philosophy

Where other oil and gas exploration companies seem to be focused on hitting ³home runs² with respect to their exploration and drilling philosophy, and seem to be content to spend substantial cash resources to test for large oil and gas reserves, Mammoth, on the other hand, is concentrating on hitting low risk "singles", preferring to methodically build cash flow while keeping an eye open for the occasional opportunity, where when cash flow permits, it is warranted to take a chance and "swing for the fences".

Mammoth is focused on executing 4 primary strategies:

1. To lease large areas of acreage in "hot area".
2. To drill low risk wells that are in or near existing fields.
3. To develop low risk projects in Oklahoma where shallow gas wells can be brought into production with a very high probability of success.
4. To acquire existing production that possesses possibilities for expansion.

Mammoth and its subsidiaries rely on a strategy of outsourcing its needs to other oil and gas companies so that it can keep overhead down. The companies below are some of these partners:

United Producers, Inc.

Broken Arrow, Oklahoma
Drilling supervision and Well Operation

WEBSITE--- Mammoth Energy Group, Inc.

Estimated Market Cap
254,812.41 as of Oct 19, 2007

Outstanding Shares
395,058 as of Aug 28, 2007

Authorized Shares
1,000,000,000 as of Jan 30, 2007

Number of Share Holders of Record
1,311 as of Jan 30, 2007
_________________________

modestmind · Sun, 10-21-2007, 07:53 PM

I continue to let this ride, holding half of my original position. Doesn't look like we'll see a slowdown considering last weeks price action. It will be interesting to see what it does Monday as it resumes trading right at the gap from mid-September. I think we'll see more volume come in this week and a possible gap fill.

Stock Technical Analysis

capt_nemo · Sun, 10-21-2007, 08:36 PM

LOL

Current Capital Change
shs decreased by 1 for 100 split
Pay Date: Jul 24, 2007
Company Notes
Formerly=Technigen Corp. until 7-06
Security Notes
Capital Change=shs decreased by 1 for 100 split. Pay date=7-19-06
Capital Change=7-9-93 shs decreased by 1 for 5 reverse split

admin · Wed, 12-19-2007, 09:08 AM

Mammoth Energy Group Rated 'Speculative Buy' Target Price $.30 by Beacon Equity Research

7:00a ET December 19, 2007 (Business Wire)

Mammoth Energy Group (OTC: MMTE) has been rated Speculative Buy with a price target of $.30 by Beacon Equity Research Analyst, Victor Sula, Ph.D.

The full report is available at Beacon Equity Research - Home.

Anyone interested in receiving alerts regarding Mammoth Energy Group research should e-mail members@beaconequityresearch.com with "MMTE" in the subject line.

In the report, the analyst writes, "Mammoth Energy Group, Inc. (MMTE) is a US-based energy company involved in exploring, developing and extracting shallow gas resources and oil resources. The Company focuses on identifying and evaluating oil and gas prospects and then furnishes expertise and capital for developing projects that offer strong potential for commercially viable quantities of oil and gas. MMTE contracts with third parties for prospect drilling operations, negotiates production sales contracts, and delivers oil and gas production to the marketplace."

Other companies in the energy sector include Noble Energy Inc. (NYSE: NBL), Chesapeake Energy Corp. (NYSE: CHK), Cimarex Energy Co. (NYSE: XEC), and Delta Oil and Gas (OTCBB: DOIG).

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Mammoth Energy Group (MMTE) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been compensated one million shares from Star Consulting for enrollment in this research program and to coordinate a marketing program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

flyinbrian17 · Thu, 04-03-2008, 08:39 AM

Anyone else think it's time to jump on this one?

Sun, 10-21-2007, 07:26 AM	#1 (permalink)
matto Member Join Date: Oct 2005 Location: Rhode Island Posts: 643	MMTE- oil play moving up Mammoth Energy Group, Inc. Mammoth Energy Group, Inc. is an oil and gas exploration holding company, consisting of a wholly owned subsidiary, whose primary focus is the development of oil and gas prospects in the State of Oklahoma. The company's objective is to identify and evaluate oil and gas prospects and to provide expertise and capital to those projects that are believed to have the potential to produce oil and gas in commercially viable quantities. The company relies on third party contractors for prospect drilling operations, negotiation of production sales contracts and the delivery of oil and gas production to the marketplace. Mammoth Energy Group Mammoth Energy Group, Inc. ("Mammoth") formerly traded on the NASDAQ stock exchange, is now, after its restructuring as an oil and gas exploration company, trading on the Pink Sheets Quotation Service under the ticker symbol MMTE.PK. The company is managed by Joe V. Overcash, CEO and Clarence Foust, Secretary. United Gas OK, Inc. Mammoth has signed an agreement to acquire United Gas OK Inc. an Oklahoma company with working interests in 17 producing gas wells and a deposit placed on a 1,400 acre field and also in Oklahoma that has the potential to drill 60 shallow gas wells. Our Philosophy Where other oil and gas exploration companies seem to be focused on hitting ³home runs² with respect to their exploration and drilling philosophy, and seem to be content to spend substantial cash resources to test for large oil and gas reserves, Mammoth, on the other hand, is concentrating on hitting low risk "singles", preferring to methodically build cash flow while keeping an eye open for the occasional opportunity, where when cash flow permits, it is warranted to take a chance and "swing for the fences". Mammoth is focused on executing 4 primary strategies: 1. To lease large areas of acreage in "hot area". 2. To drill low risk wells that are in or near existing fields. 3. To develop low risk projects in Oklahoma where shallow gas wells can be brought into production with a very high probability of success. 4. To acquire existing production that possesses possibilities for expansion. Mammoth and its subsidiaries rely on a strategy of outsourcing its needs to other oil and gas companies so that it can keep overhead down. The companies below are some of these partners: United Producers, Inc. Broken Arrow, Oklahoma Drilling supervision and Well Operation WEBSITE--- Mammoth Energy Group, Inc. Estimated Market Cap 254,812.41 as of Oct 19, 2007 Outstanding Shares 395,058 as of Aug 28, 2007 Authorized Shares 1,000,000,000 as of Jan 30, 2007 Number of Share Holders of Record 1,311 as of Jan 30, 2007 _________________________

Sun, 10-21-2007, 08:36 PM	#3 (permalink)
capt_nemo Realist,/Moderator!!! Join Date: Dec 2005 Location: My feet!!! Posts: 2,836	Are they done RSing??? LOL Current Capital Change shs decreased by 1 for 100 split Pay Date: Jul 24, 2007 Company Notes Formerly=Technigen Corp. until 7-06 Security Notes Capital Change=shs decreased by 1 for 100 split. Pay date=7-19-06 Capital Change=7-9-93 shs decreased by 1 for 5 reverse split __________________ All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. Joseph Conrad, Use your own mind on what to buy and sell!!

Wed, 12-19-2007, 09:08 AM	#4 (permalink)
admin Administrator Join Date: Mar 2005 Posts: 59	New Report on MMTE... Mammoth Energy Group Rated 'Speculative Buy' Target Price $.30 by Beacon Equity Research 7:00a ET December 19, 2007 (Business Wire) Mammoth Energy Group (OTC: MMTE) has been rated Speculative Buy with a price target of $.30 by Beacon Equity Research Analyst, Victor Sula, Ph.D. The full report is available at Beacon Equity Research - Home. Anyone interested in receiving alerts regarding Mammoth Energy Group research should e-mail members@beaconequityresearch.com with "MMTE" in the subject line. In the report, the analyst writes, "Mammoth Energy Group, Inc. (MMTE) is a US-based energy company involved in exploring, developing and extracting shallow gas resources and oil resources. The Company focuses on identifying and evaluating oil and gas prospects and then furnishes expertise and capital for developing projects that offer strong potential for commercially viable quantities of oil and gas. MMTE contracts with third parties for prospect drilling operations, negotiates production sales contracts, and delivers oil and gas production to the marketplace." Other companies in the energy sector include Noble Energy Inc. (NYSE: NBL), Chesapeake Energy Corp. (NYSE: CHK), Cimarex Energy Co. (NYSE: XEC), and Delta Oil and Gas (OTCBB: DOIG). Beacon Equity Research Disclosure The analysts contributing to this report do not hold any shares of Mammoth Energy Group (MMTE) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been compensated one million shares from Star Consulting for enrollment in this research program and to coordinate a marketing program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

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Sun, 10-21-2007, 07:53 PM	#2 (permalink)
modestmind Join Date: May 2006 Location: Sunshine state Posts: 13	I continue to let this ride, holding half of my original position. Doesn't look like we'll see a slowdown considering last weeks price action. It will be interesting to see what it does Monday as it resumes trading right at the gap from mid-September. I think we'll see more volume come in this week and a possible gap fill. Stock Technical Analysis

Thu, 04-03-2008, 08:39 AM	#5 (permalink)
flyinbrian17 Join Date: Jan 2008 Posts: 8	Anyone else think it's time to jump on this one?