investwell
9 years ago
APEX -- Well been long time! Well as far as I know the company still owns their share of the well, I haven't confirmed that lately. If they did try to sell it they would have to inform shareholders that a sale is taking place. The new company whether it be shell, exxon conoco would then assume the shares of Apex. You are all right,I am not sure why the big flop, I also went to Ontario to rescue another company they had and they let that slide too. I think there was some personal stuff going on and this was used to wreck someone personal. Too bad oil went to crap. Jack and I own millions in shares. We also are at a loss, remember any shares bought through your agent never went to Apex Management, only ones bought directly from the company. We are holding our shares, not worth anything right now but when oil picks up maybe a company will buy our share to the well!!
fishin100
10 years ago
I feel your pain 'Ebay', as I also invested heavy, very heavy. I think often of when the Mackenzie pipeline got approved and the share price went up to 0.17. I should have got out then, would have made out like a bandit. I, like you, held my shares expecting much higher rewards to come. As we all know, it never happened.
I'm probably more pissed then you are about being delisted. Our hands are tied, and we have no ability to sell the shares or even know if they still exist. What chokes me even more, is that I was solicited while we were delisted, to buy even more shares .... to help fund getting re-registered with the U.S. Securities and Exchange Commission. Of course, it never did happen, am glad I did not buy more.
I have no explanation for the situation we are in. If the parent company of the oil well had drilled, things would have been different. Even so, to voluntarily delist from trading .... makes no sense. I still believe the well and the potential exists, but have no faith that the ones who oversee our shares will take us there. They talked big about updating the filings, then as you said, disappeared.
I too hope they get what they deserve for taking us to where we are now. I wish I had never heard of Apex and apologize to all for posting anything positive on I-hub. I should have heeded the warnings from 'Patch' long ago and should have asked Mr. Big Shot for I.D. when I had the chance.
I agree 'E-bay', we got screwed.
fishin100
10 years ago
They've already done that and have been on the pinks for several years. The only lower they can do is to try the greys, where no one gets squat (IMO).
What they should do, is give the shareholders, who put there hard earned money to sleep, a real update on the present situation, a real update, instead of hiding as they are doing now.
Not even one comment to date from the company since we were de-listed. What a shame, we deserved more then what we got, which was nothing. A blind monkey could have done a better job.
All IMO!
investwell
10 years ago
Hello, I am bringing back the website! This is to make information available for possible interested parties. This company (APEX) it is still registered in the state of UTAH. it's a private company right now, everyones shares are still there, just not trading. They are with your broker, Apex does not have any funds you may have paid out to your broker etc. If you made a private deal (direct investment with company)that money is gone but you do own restricied shares, these ones you must send to the transfer agent. (not worth doing at this time) , there will a be a charge to make them free trading and there is nothing to trade at this time!! I am trying to find a way to help Apex to have some funds available to bring things together again if the management is interested, it's a small chance, this will take a year for any jelling of my ideas.
Thanks
fishin100
11 years ago
Massive Beaufort plan
JV reviewing program that could involve deepest well yet in Canadian Beaufort
Week of May 25, 2014
Imperial Oil, backed by its controlling shareholder ExxonMobil with BP Canada as a partner, is assembling one of the most comprehensive oil and natural gas exploration programs in Canadian history as it advances plans to drill in the Beaufort Sea.
A 455-page project description has been submitted to an Inuvialuit Environmental Impact Screening Committee for a joint venture drilling program that could involve the deepest offshore well yet drilled in the Arctic.
The proposal involves drilling one or more exploration wells about 75 miles northwest of the village of Tuktoyaktuk on the shores of the Beaufort.
The plan is to drill on Exploration Licenses 476 (Ajurak) and 477 (Pokak) where water depths range from about 200 feet to 5,000 feet, with an independent consultant calculating the well depth could reach 34,000 feet.
Imperial and ExxonMobil secured their EL in 2008 for a pledge to spend C$585 million, while BP made a successful bid of C$1.18 billion for its EL, with the three companies forming their joint venture in 2010.
ConocoPhillips, Chevron and Statoil are also engaged in weighing exploration programs in the Beaufort.
Environmental challenge
Imperial’s submission said the co-venturers believe their program can be “carried out in a safe and environmentally responsible manner,” a claim that environmentalists are gearing up to challenge, based partly on Imperial’s admission that it would be unable to stop an accidental blowout by drilling a relief well within the short summer drilling season.
The proposal now faces a multi-layered screening process that is targeted at starting the two-year drilling program in 2020.
In 2008 and 2009, 3-D seismic programs were conducted by Imperial and BP and over the 2009-11 period the three companies undertook field data collection studies in collaboration with ArcticNet.
The submission said historical data “indicates that the period of manageable ice conditions in the proposed development area is on average about 120 days from May to November.”
Imperial said it would use Inuvialuit “expertise and traditional knowledge of the area, particularly their understanding of sea state, ice conditions and wildlife” to build that information into a safe and environmentally responsible program.
One or more wells
The potential drilling schedule allows for one or more wells to be spudded in EL 477, assuming the joint venture can achieve a number of objectives including commitments in 2016-18 to a drilling system, including an array of ice-breaking support vessels.
If no further drilling is planned after the exploration well or wells once the two ELs have been drilled, the shore-based facility at Tuktoyaktuk could be returned to its pre-program condition and all remaining supplies, equipment and fuel would be shipped out of the Inuvialuit Settlement Region unless other arrangements were made.
The submission said the program design would draw on 90 years of experience by Imperial and ExxonMobil in working “safely and responsibly during drilling and production activities in the Arctic and global experience in operating in harsh offshore environments.”
Imperial reiterated that its “primary approach to well control is prevention.”
It said procedures would ensure that wells were “designed for the range of risk expected,” that equipment was inspected and maintained, operators were trained, tests and drills were conducted to verify personnel competence and that “adequate barriers and redundancy” were in place and tested to safely execute the work.
For the Beaufort, contingency plans would be developed for emergency response and oil spill response.
“Surface intervention would be the primary means of regaining well control and the fastest method to put in place,” the submission said. “Other effective same-well intervention methods including activating the subsea (blow-out preventer) stack, which is typically the first option for regaining well control.”
Drilling system evaluation
The project description said a number of drilling systems are being evaluated, including jack-up rigs, moored semi-submersible drilling units and drillships.
For water depths and conditions likely to be experienced in the Beaufort, a “floating drilling unit is the system of choice.”
Imperial said a key requirement of any drilling system is its ability to maintain its position at the well site locations, using either a moored drilling system that has anchors attached to the seafloor or a dynamic position using a computer-controlled system to automatically maintain the drilling unit’s position and heading by using its own propellers and thrusters.
Whatever drilling system is selected, it will “use proven technologies appropriate for the most severe conditions that could be experienced,” the submission said.
Multiple vessels would support the program, including support and supply vessels, fuel tankers and an ice-strengthened wareship (which would serve as an alternative supply base for a remote operation), all of them powered by diesel engines burning low sulphur diesel.
Imperial said the drilling unit and support vessels could mobilize from either Vancouver or Prince Rupert on the British Columbia coast, or from a port on Canada’s East Coast via the Northwest Passage.
http://www.petroleumnews.com/pntruncate/928913317.shtml
arcticgold
11 years ago
registered agent back to John Hickey..
APEX RESOURCES GROUP INC.
Entity Number: 858154-0142
Company Type: Corporation - Domestic - Profit
Address: 1909 MONROE AVE BUTTE, MT 59701
State of Origin: UT
Registered Agent: JOHN HICKEY
Registered Agent Address:
299 S MAIN ST STE 1300
SALT LAKE CITY, UT 84111
Status: Active
Status: Active as of 01/28/2012
Renew By: 01/31/2015
Status Description: Good Standing
The "Good Standing" status represents that a renewal has been filed, within the most recent renewal period, with the Division of Corporations and Commercial Code.
Employment Verification: Not Registered with Verify Utah
History
Registration Date: 01/27/1984
Last Renewed: 01/14/2014
Additional Information
NAICS Code: 5413 NAICS Title: 5413-Architectural, Engineering, and Rel
Former Business Names
AMBRA RESOURCES GROUP, INC.
AMBRA ROYALTY, INC.
fishin100
11 years ago
Public Notice - Participant Registration for the Environmental Impact Review of the Beaufort Sea Exploration Joint Venture Drilling Program
February 25, 2014 4:20 PM
INUVIK, NT, Feb. 25, 2014 /CNW/ - The Environmental Impact Review Board is conducting an environmental impact review under the Inuvialuit Final Agreement of the Beaufort Sea Exploration Joint Venture Drilling Program.
The developer, Imperial Oil Resources Ventures Limited, is proposing a program and associated support activities that would result in the drilling of one or more exploration wells within EL 476 (Ajurak) and EL 477 (Pokak) in the Beaufort Sea.
To register as participants in the review please contact:
Eli Nasogaluak at 678-8611, or
Richard Binder at 678-8619
Fax: (867) 777-2610
Email: eirb@jointsec.nt.ca
Website : www.eirb.ca
SOURCE Environmental Impact Review Board
For further information:
Eli Nasogaluak at 678-8611, or
Richard Binder at 678-8619
Fax: (867) 777-2610
Email: eirb@jointsec.nt.ca
Website : www.eirb.ca
http://www.newswire.ca/en/story/1312771/public-notice-participant-registration-for-the-environmental-impact-review-of-the-beaufort-sea-exploration-joint-venture-drilling-program
fishin100
11 years ago
Take your seats, everyone. The show is about to begin.
The play itself will take place way out in the Beaufort, some 175 kilometres northwest of Tuktoyaktuk, in water depths ranging from some 60 to 1,500 metres. It’s a new theatre, but a promising one, despite the location.
http://www.upherebusiness.ca/node/659
Glacierman
11 years ago
Alaska to Pay $5.75 Billion for Exxon LNG Project Stake (Will Harper change his mind about direct investment in MVP?)
Alaska plans to jump-start a $45 billion natural gas export project by pitching in more than 10 percent of the cost and joining Exxon Mobil Corp. (XOM), BP Plc (BP/), ConocoPhillips and TransCanada Corp. (TRP) as an equity partner.
The agreement between the state and the four companies outlines a framework in which Alaska would take as much as a 25 percent stake in a proposed gas processing plant, an 800-mile (1,287-kilometer) pipeline from Alaska’s North Slope and a liquefaction facility in the Kenai Peninsula.
Governor Sean Parnell has asked the Alaska legislature to approve the deal and give state agencies the ability to negotiate shipping and leasing arrangements, according to a statement released today by the Alaska Department of Natural Resources.
“This is the first time we’ve had all of the parties aligned on a path forward,” Joe Balash, the department’s commissioner, said in a phone interview today before the announcement. The deal gives the project a “good shot” at proceeding, he said.
The joint venture renews a prolonged effort to harvest Alaska’s vast reserves of gas, which have remained largely untapped since the 1968 discovery of the Prudhoe Bay oil field. The North Slope holds more than 35 trillion cubic feet of discovered gas, almost four times the U.K.’s reserves.
Gas shipments may begin as early as 2021, giving Alaska a foothold in an increasingly competitive race to supply Asian countries with liquefied natural gas, or LNG, from North America. ConocoPhillips has a small LNG export plant in Nikiski on the Kenai peninsula, the only such facility in the U.S.
Cost Estimates
Although the project is expected to cost $45 billion, the final bill could reach as much as $54 billion, according to a November 2013 Black and Veatch Ltd. study produced for the state. The producers estimated in a February 2013 letter to Parnell that the cost could reach $65 billion.
Under the terms of the agreement, Alaska will assume a 20 to 25 percent stake in the entire project. TransCanada has agreed to pay the state’s costs for its share in the $22 billion gas processing facility and pipeline in exchange for a lower tariff for shipping the gas. That would represent a $5.5 billion investment, Balash said.
The state would pay as much as $5.75 billion for its share of the $23 billion liquefaction facility, which would be capable of shipping 18 million metric tons of LNG a year. The producers would pay the remaining portion of the $45 billion total project cost, Balash said.
Fund Project
The equity stake will allow Alaska to help fund the project and control transportation costs, he said. Alaska may sell part of its stake in the project to a number of LNG buyers, allowing it to reduce what it owes for the liquefaction facility, Balash said.
The state’s project carries a higher price tag than similar efforts to export gas from the Canadian coast that could be finished as soon as 2018.
Petroliam Nasional Bhd., the Malaysian state energy company, is proposing to spend as much as $15 billion on a terminal and pipeline to export gas from a site near Prince Rupert, British Columbia, along Canada’s Pacific Coast.
Countries including Canada, the U.S. and Mozambique are competing for a share of global gas demand set to increase almost 50 percent by 2035, according to the International Energy Agency.
fishin100
11 years ago
"it is effectively dead"
Just like this stock ... IMO.
The voice of the average Canadian is smothered by the noise of anti-development activists
The Mackenzie Gas pipeline project was delayed so long, 40 years from the original proposal and a seven-year review on the latest version, that it is effectively dead.
"Canada lacks infrastructure, and not just pipelines, but roads, rails and port facilities. Until we catch up on some of these basic needs, we restrict ourselves from taking advantage of our natural opportunities."
http://opinion.financialpost.com/2014/01/08/canadians-need-a-balanced-conversation-on-energy-projects/
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