Geoglobal Resources Inc. (GGR) 銘柄情報

GGLR registration revoked:

https://www.sec.gov/litigation/admin/2019/34-85615.pdf

agree it'll be difficult -- a prior mgmt team attempted to come in, issue themselves control via new 'preferred shares' and find all the paperwork to publish financials -- they gave up, but reported PRs along the way that that they had success freeing up withheld revenues for Indian properties ... so, several million cash in the bank

ultimately, if the properties remain small, they will run their course and then be sold ... and the firm should be liquidated (10 yrs away) and funds distributed

if a property hits a big find, they can restore and be public again

It is always possible, Orange4Yellow, though the liklihood is infinitesimally low that the company has the desire to submit a FORM 10 or an S-1 or that the SEC would ever approve (ie., make effective) a FORM 10 or S-1. If you take a boo at EDGAR the company would need to audit over 5 years of delinquent Financials....a monumental and likely impossible task.

I'll keep my fingers crossed if that helps any.

EDGAR:

https://www.sec.gov/cgi-bin/browse-edgar?company=Geoglobal+Resources&owner=exclude&action=getcompany

thanks for your info ... maybe at some point fka-GGLR can join FTNW on the short list of recovered from the dead

GGLR haven't paid the transfer agent fees for many years, so I think there would be difficulty there ...

I would check with the Transfer Agent for certs.

Good luck,

I suppose I'll need to ask my broker for the certificates?

They probably can't really get them

As long as they are willing to keep the holdings in their database allocated to my account for another decade, I'm fine with that

The firm is still frequently mentioned in the Indian financial / petroleum industry press, as they were an unwitting party to a major scandal , victimized by a state-run Indian petroleum firm - that firm had run up costs of a large natural gas find 10x expectations, and the (former) CEO of the state run firm was recently indicted on money laundering

GGLR was reported to give up the stake in that property, in return for extinguishing all debt associated with the last decade of development ($300m of debt)

This was publicly reported in the Indian financial press

They have several other minority participating interest states with cash flow producing properties, and last reported (several years back) stakes in a few dormant properties, which would need regulatory approval and cash investment to bring to production

The shareholding profile is likely the same as it was several years back
ILDE (Israel) holding ~32% of equity
Jean Paul Roy (founder and only acting Officer) ~9.9% of equity
Crede II investment partnership 9.9% of equity
all others below 5% (no one reporting to SEC)

The Indian subsidiary filed financials with Indian regulators to bring their status current in mid 2015

I haven't seen them, as to get a copy you need an address in India and an Indian bank account to purchase the copies

My guess is that the remaining properties have a value of around ~$25m or more, with significant upside potential - a large oil development program has been approved by the Indian govt regulatory, and GGLR is reported to hold 20% or the stake

However, cash flow is still lower than needed to maintain SEC-level financial reporting (basically JPR and a lawyer are the only known employees), and to maintain the 20% in the Tarapur development project, the firm will need to front several million $

If this becomes private I assume my broker is obligated to show I have ownership of my portion of the firm, if the time comes that the company is restored to reporting status and/or provides a dividend and/or is properly liquidated upon sale of properties

Also concerned that JPR 'retires' over the next decade and the ILDE managers subsume what's left at that time

A common misconception, OTCMarkets have nothing to do with the transactions of a stock trade. OTCMarkets is a private company, which offers services to companies, for fee.
In a couple of days, even before the inevitable revocation, this ticker will be on the "grey market", meaning that no market maker is allowed to make a market, so you will not see a BID or an ASK published.
Once deregistered , with no market makers - can the OTC market still offer a forum to trade for existing stockholders

Good info, from one of the most reliable sources of information on iHub.

To your question, "Once deregistered , with no market makers - can the OTC market still offer a forum to trade for existing stockholders?" the answer is absolutely no because the company would no longer have any registered stock and no ticker.....and it would be unlawful for any public market to allow any trading.

You mention the company has assets in India. Perhaps as an aggrieved shareholder you could seek legal advice on putting a lien against the company's assets....but that would cost money that you would likely never recover.

Thanks for the info

It does look like this will be fully delisted at this time

The company maintains a website will incorrect asset information (per other public information)

However it does still control participating interest in a handful of oil / gas properties in India , which are active and producing modest cash flow (maybe in the millions of USD per year)

Once deregistered , with no market makers - can the OTC market still offer a forum to trade for existing stockholders ?

The current market makers just put up 10k bid/ask at a very wide range

The SEC Admin Law Judge will revoke the company's stock registration, so there is no way forward as a public company. Geoglobal Resources Inc. will become a private company.

This linked post will be beneficial to read.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133446961

Thanks , given the US traded entity has assets , the SEC can begin to figure out the way forward

GGLR SEC Suspension for delinquent Financials/Filings:

https://www.sec.gov/litigation/suspensions/2017/34-81532.pdf

Order:

https://www.sec.gov/litigation/suspensions/2017/34-81532-o.pdf

Admin Proceeding:

https://www.sec.gov/litigation/admin/2017/34-81533.pdf

That's because this stock is pretty much dead.

Looks like yahoo turned off the GGLR conversation board

July 15 - Financial express article - Deen Dayal fracking successful

What is the current status of the KG basin block?
This (block) is a national asset with tremendous potential. We have come to a position where we have exploited some of them. And we are very optimistic about the Deen Dayal West field (a part of the block), where one well (D4) has shown very positive results. Hydrofracking (six so far) has been quite successful at the well. We are now taking out about 11.6-11.9 million standard cubic feet of gas per day (mscfd) from the well. The output is practically matching the initial forecast, which was done in October before the fracking started. The fracturing and perforation will give us more than 20 billion cubic feet (bcf) of gas over the next three years. The Deen Dayal West field wells are extremely high-pressure-high-temperature ones.

Pink no Info

I finally got an alert about Geoglobal (GGLR) in the news:

Geoglobal: Daily update · August 28, 2015

WEB

GeoGlobal rises from the dead at Tarapur
Petrowatch
Like a corpse rising from the dead, troubled Canadian explorer GeoGlobal Resources is alive and kicking - cashing in on production from ...

I tried to get the article, but you have to pay $120 to read 30 articles. You could buy 5,000 shares of stock for that!

GGLR
USDGeoGlobal Resources Inc
Last [Tick] $0.022[+]
Change Up $0.002
% Change Up10.00%
Bid [Tick] $0.0181
Bid Size 10000
Ask $0.022
Ask Size 10000
Open $0.02
Volume 0
Day High $0.022
Day Low $0.02
Previous Close $0.022
Prev. Close Date 08/27/2015

http://finance.yahoo.com/news/geoglobal-resources-inc-progress-report-221324001.html

OK GGLR it might be legit they emailed me back said it might be months but thet are filing the paper work so it can be traded via Cnd normally

Well if i could i would buy some here but issue is they have not filed with Canadian SEC ..so i am unable to buy or sell the shares i hold are just sitting there ..If this website and the things in are true God i wish i was in the states ..Nat gas is only going to go up with ta ta trucks looking for nat gas motors for there trucks they are the biggest truck maker India

Interesting. It was dead when I checked last week but the press releases I wrote about linked to their new website at http://www.geoglobalresources.com/
now the old website is back at
http://www.geoglobal.com/
which seems to be a mirror.

I wonder how long they will keep both.

The Old GGR (not the GGLR board) Yahoo! msg board has kept pace with the press releases
http://finance.yahoo.com/mb/GGR/

In June I added 10,000 shares to my ROTH at eight tenths of a penny so those have nice gains now with the last tick at $0.020,

dude if im reading correct whats written this is huge news ..we will be so fine ..the gas basin in india is MASSIVE 5 percent of it is huge for this little company

Their website is back up and running. Might be making a comeback. http://www.geoglobal.com/

yes, sorry.

HYDERABAD: A team of scientists may have identified a potential gas hydrate zone in the Krishna-Godavari Basin, known for having India's largest natural gas reserves.

In a paper published in Journal of Earth System Sciences earlier this month, scientists stated that the sediments 450 metres below seabed, offshore KG basin may be a potential host of gas hydrates. Gas Hydrates are ice-like structures, essentially comprising methane gas trapped in water. The gas in hydrates can be isolated for energy purposes.

The paper describes efforts made by experts from the National Institute of Oceanography, National Centre for Antarctica Research in Goa and Andhra Pradesh State Ground Water Department in the offshore regions of Visakhapatnam, Ongole and Pondicherry.

Sediments 450 metres below seabed exhibit characteristics that indicate presence of gas hydrates, according to scientists. "The sediments are associated with gas escape features like blanking zones, columnar type gas vents, large dimension gas saturated zones and surface mounds," researchers pointed out in the paper, adding that the deposits are concentrated in a stretch of 45 km. A senior scientist at National Geophysical Research Institute explained that movement of gas upwards through sediments present in low temperature regions of undersea, results in its crystallization and formation of hydrates. Hydrates are formed in regions where natural gas reserves are known to exist.

It is estimated that gas hydrate reserves of India are nearly 1,500 times natural gas reserves. It also believed that exploiting 10 percent of the reserves can power the country for a century. Nevertheless, commercially viable methods of gas extraction from hydrates are still under research, said scientists.

PLZ can you post the link to the info thanks

Indian press is reporting that new oil and natural gas fields, which GGLR holds significant stakes in (5% to 20%) are coming online within next 3 months - GGLR has held these properties for 10 years and they are now starting to produce

Also, Israeli press reports a farm-in for Myra/Sara properties, which GGLR holds 5%

Did you mean to say 0.91 cents (not 0.091 cents)?

I bought shares at 0.091¢ in Dec. 13 as a tax loss play and this is working out well with the stock at 2.4¢ today... Anyone have news on why it is higher?

My bad, looks like Yahoo have a mix up. They show "Global Green Matrix Corp. Announces Name Change" (GGX) as the latest news.

Different company - no relation to GGLR

Global Green Matrix Corp. Announces Name Change
Accesswire Fri, Sep 20, 2013 1:58 PM EDT

September 20, 2013 - Global Green Matrix Corporation (the "Company") - TSX Venture: GGX announces that it has changed its name to Intercept Energy Services Inc. to better reflect the activities of the Company. The common shares of the Company will commence trading under the new name and new stock symbol "IES" on the TSX Venture Exchange at the opening of trading on Monday September 23, 2013. Common share certificates bearing the old Company name "Global Green Matrix Corp.", continue to be valid in settlement of trades in common shares and will only be replaced with certificates bearing the new name against transfer. The Company is not requesting and shareholders are not required to exchange their existing share certificates for new certificates bearing the new company name.

The name change was approved by the shareholders at the Company's annual and special meeting held on August 30, 2013.

Global Green Matrix Corp. is an Oilfield Services Firm primarily focused on servicing oil and gas companies and their frac'ing operations. Through its wholly owned subsidiary, Intercept Rentals. Intercept operates a fleet of proprietary, highly efficient and economical frac water heating units. Intercept offers frac water heating services to various oil and gas companies that require heated water for their frac'ing operations.

The Company's new website will be active on Monday and can be viewed at http://interceptenergy.ca

Global Green Matrix Corp.

ORInvestor Relations and Communications

Randy Hayward, PresidentBuchalter Consulting

Phone: 250-247-8689 or 604-687-8855Toll free 1 866 631 6537 Email: stan.buchalter@buchalterconsulting.ca

Neither The TSX Venture Exchange Nor Its Regulation Services Provider (As That Term Is Defined In The Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This News Release.

Hmmm....a 1.6 mill bid @.0111

Chart looks good. Might be at bottom now.

http://stockcharts.com/h-sc/ui?s=GGLR&p=D&b=5&g=0&id=p58196760553

no new post?? sence[10/17/13] I have been keeping an eye on this for a few months.I planed on buying in at 00.01 you stil think this this is going up? what was the news,if any,on the last land/oilfild deal?any updates?

Thanks for the update.

They have one property (Tarapur) that produces $100k/month , $100m in carried Interest on a large property that will start producing in April and go for 20 years (Deen Dayal) and a 5% stake and operator status in an offshore Israeli property that is awaiting confirmation of oil prospects that are being drilling at a neighboring site (Myra/Sarah)

Is this puppy dead? Chart looks like at bottom, could turn around, but no news in months.

Positive news out of India this week

there is some buying going on!!!!

I picked up more this week, .024 avg cost

4-5 weeks until Shemen results, a neighboring property that will be the first to reach/prove potential oil in offshore Israel

Seems like .02 is great spot to bid in.

What area did you load up at? This is at all-time lows so I can wait 6 weeks.

Won't happen until mid August

Don't you expect a big breakout soon?

Not me, looks like one or two sellers, dropped a total of a million shares ... Someone else picked them up

If it stabilizes here over the next 2 weeks, I'd be a buyer

Is that your sell order in ?

There is high potential, and several avenues for success at GGLR

A seller is on the ask today, a portion of their shares were taken, but still 590k remain available if someone wants to buy in at .025