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Past Profile

eBlast
Mammoth Energy Group. (OTC Pink Sheets: MMTH)
November 16th, 2006.

 
 MAMMOTH ENERGY GROUP INC. (PK: MMTH)

Dear Reader,

OOOO-klahoma - where the wind comes sweeping down the plain!  That's where our featured company, Mammoth Energy Group Inc. (Pink Sheets: MMTH) has many of its exploration prospects.  This rich soil is providing a vast number of low-risk wells that are in or near existing oil & gas fields.  Their plan is to develop these projects where shallow gas wells can be completed nearly every time a well is drilled.  Mammoth also has prospects in Montana, Colorado and Kansas.  Please take a moment to read this exciting story.
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    About Mammoth

A wholly owned subsidiary                                                          A wholly owned subsidiary


Mammoth is an oil and gas exploration company with two wholly owned subsidiaries focused on projects in Montana, Oklahoma, Kansas, Colorado, Wyoming and Nebraska. The Company is currently working on developing 6 prospects that represent between 40 and 50 potential drilling sites that management intends to test over the next 4 to 5 years.

Mammoth operations are focused on the identification and evaluation of prospective oil and gas properties, and the contribution of capital to projects that we believe have the potential to produce oil or gas in commercial quantities. Mammoth generally relies on third parties and partners for drilling, delivering any discovered gas or oil reserves, and assisting in the negotiation of all sales contracts.

Mammoth goals and primary objectives are to build reserves, production, cash flow and earnings per share by acquiring oil and gas properties, exploring for new oil and gas reserves, and optimizing production and value from existing oil and gas properties.

Mammoth was a Nasdaq traded company that moved to the Pink Sheets where it has recently been restructured as an oil and gas exploration company. 

the two wholly owned subsidiaries 
ProTerra Oil & Gas Exploration, Inc.
ProTerra operated as a sole proprietorship for several years until being incorporated in August 2004 as Centennial Oil & Gas, LLC, changing its name to ProTerra with the acquisition by Mammoth. ProTerra has about 26,000 acres of leased land, 21,000 acres pending, and 28,000 acres being pursued.       This acreage represents six primary projects where ProTerra intends to drill between 40 and 50 oil and gas wells over the next 4 to 5 years. ProTerra is completing a well in Kansas with production expected in August 2006. There are also 4 to 6 other wells scheduled to be drilled later this year.

ProTerra is concentrating on three low risk strategies that round out steady accumulation of production and growth of monthly cash flow. First, it is developing low risk wells that are in or near existing oil fields where recoverable oil is in smaller amounts but is not as risky or expensive to drill. Secondly, it is working to acquire existing production that is undervalued and where infill drilling can increase reserves dramatically. Lastly, it is currently working on leasing acreage in ``hot areas'' that are in the path of current industry trends where major activity is occurring.

KMV Consulting, Inc.
KMV owns 100% of the working interests (75% net revenue interest) in 12 producing gas wells on 1,800 acres in Rogers County, OK. While KMV intends to lease between 10,000 and 20,000 additional acres to expand the project, there is room for an additional 32 to 40 wells on the current acreage under lease. 

KMV is focused on developing shallow gas projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Rogers County, OK project into a property with between 5,000 and 8,000 total net acres leased where it can embark on a drilling program aimed at getting 150 to 200 wells on-line. With rigs readily available and shallow wells that can be drilled quickly, this project is positioned to grow consistently each month as new wells are brought on-line.


Mammoth is focused on executing 4 primary strategies: lease large areas of acreage in “hot areas,” drill low risk wells that are in or near existing fields, develop the low risk project in Oklahoma where shallow gas wells can be completed nearly every time a well is drilled, and acquire existing properties that have production and can be expanded, such as the property in CO that has 14 producing wells and 60-90 infill drilling locations for oil and natural gas.
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    Mammoth Partners 
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Strategic Partners

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. 

Strider Resources - Prospect analyzation and landman services.

HT Geophysical - Seismic interpretation and geophysical modeling

Pintail Petroleum - Well operation and coordination of drilling

Avalanche Resources - Landman services and due diligence coordination

Green & Associates - Drilling supervision and well operation

Central Operating - Well operation and coordination of drilling

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    Mammoth Projects
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Montana

Mammoth has three primary prospects being developed. The first is a 60,000 acre section, the second is a section with the potential to produce oil from 4 to 6 different formations with estimated oil reserves of 500,000 and 3 million barrels, and the third has estimated gas reserves of between 15 billion and 20 billion cubic feet of gas.

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Oklahoma

Mammoth currently has 12 producing gas wells in northeastern Oklahoma in a blanket Excello shale/coalbed methane gas field. Mammoth management intends to lease up to 10,000 acres in this area and commence a drilling program to expand the project to 250 to 350 wells. These wells produce primarily from two different zones, one at 350 to 500 feet and the other at about 900 feet. While these are small wells in terms of production, management believes it can turn this into a field with proven and probable reserves of at least $125 million.

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Kansas

Mammoth has several prospects in Kansas and drilled a well in July 2006 which is being completed. While initial production is only expected to be between 40 and 50 barrels of oil per day, management believes there are numerous other wells that can be tested with the objective of obtaining five to six similar wells in the next 18 months.

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Colorado

Mammoth currently has a shallow gas project comprised of 3,200 acres that will be tested for oil and gas at the end of 2006. In addition, management has several in-fill drilling prospects that are being pursued. 

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     Recent News for Mammoth

Press Release Source: Mammoth Energy
Monday October 30, 11:53 am ET

Mammoth Energy Group Doubles Project Scope in Oklahoma

DENVER, Oct. 30, 2006 (PRIMEZONE) -- Mammoth Energy Group Inc. (Other OTC:MMTH.PK - News) announced today that its wholly owned subsidiary, KMV Consulting, has doubled its acreage under lease in its shallow gas project in Rogers County, Oklahoma.

When the property was acquired by KMV Consulting in May 2006, there were 1,075 net acres under lease and 9 producing wells. Over the last three months, KMV Consulting has worked to secure an additional 1,476 acres, putting the total at over 2,551 net acres. This acreage is sufficient to support approximately 80 wells. With the three recently completed wells, the total producing well count is now 15 wells, with several more scheduled to be drilled before year-end. KMV has a 49.5% net revenue interest in this acreage and intends to lease a target of about 5,000 total acres. This project has tremendous upside since it is located on a shallow, blanket gas field where nearly every well drilled produces as it evidenced by the company's 100% success rate thus far through 15 wells.

KMV's recent joint venture with Allied Energy Group, Inc. (Other OTC:AGGI.PK - News) for $1.5 million has provided the basis for expanding the project. The funding will be sufficient to put between 25 and 30 wells on-line, at which point cash flow can fund the addition of new wells every month.
``The first step in this project after acquiring it was to refurbish existing wells, replace broken and failing equipment, and improve operating efficiencies,'' said Christopher Miller, Mammoth's Chief Executive Officer. ``Before we could start leasing people, the second step was to show that we are proactively developing this area. So, we put 5 new wells on-line. People in this area have been leased by oil and gas companies since the early 1900s, and can be skeptical about a company's intent. Therefore, after accomplishing these two things, our team went to work and in just a couple of months more than doubled the project scope. It's a great start to what we believe will be a steady growth project.'' To read the complete release and disclaimer, Click Here



Press Release Source: Mammoth Energy
Monday October 23, 9:41 am ET
KMV Hits Three More Wells in Oklahoma

DENVER, Oct. 23, 2006 (PRIMEZONE) -- Mammoth Energy Group Inc. (Other OTC:MMTH.PK - News) announced today that its wholly owned subsidiary, KMV Consulting, successfully drilled the first three wells it drilled in a five well drilling program with Allied Energy Group (Other OTC:AGGI.PK - News) in Rogers County, Oklahoma. The wells (Schmidt No. 4, Schmidt No. 2 and Schmidt No. 1) are scheduled to be completed and put on-line over the course of the next few weeks.

In late September, KMV was appointed operator of this five well drilling program, which is a partnership between Allied Energy Group, Inc. (Other OTC:AGGI.PK - News) and Mandalay Energy Resources. The goal is to drill for natural gas that is found in a blanket Excello shale/coal bed methane seam that covers this area of Rogers County.

KMV will wait until the first three wells are completed before drilling the remaining two wells in order to ensure all data, completion techniques and pertinent information about the formations and structures in this area has been obtained. All three wells had about 4 to 5 feet of thickness in the Mulky/Excello shale formation at about 650-675 feet and at least three coal seams that can be co-mingled (produced simultaneously from the same well). The Schmidt No. 2 also had excellent pressure at about 960 feet from the Rowe formation, which historically has produced more gas than the shallower zones.

Recently, KMV continued its 100% success rate to date by completing three more wells on its project that lies east and slightly north from this location. Two of these wells are on-line and the third well is being fitted for oil and gas production. It is estimated the well will produce about 2 barrels of oil per day in addition to gas. Once these three wells are on-line, KMV will have a total of 15 producing gas wells with production averaging just under 700,000 cubic feet per day, which at current market prices is about $3,600 per day before line charges, royalties, taxes and operating expenses.

``We are excited to be in an area where there is low risk drilling and steady accumulation of production,'' said Christopher Miller, Mammoth's Chief Executive Officer. ``As we have seen over the last five weeks, we have had success on all five wells we have tested. Any time you can do that consistently, you stick with that strategy. We intend to stay on this pace and develop this project to its full potential.'' 
To read the complete release and disclaimer, Click Here



Press Release Source: Mammoth Energy
Monday October 16, 4:02 pm ET

Mammoth Energy Group Secures Re-Entry Wells

DENVER, Oct. 16, 2006 (PRIMEZONE) -- Mammoth Energy Group Inc. (Other OTC:MMTH.PK - News) announced today that its wholly owned subsidiary, ProTerra Oil & Gas Exploration, Inc., has secured leases with 15 well locations in Kansas that it intends to re-complete using a polymer gel treatment. Three treatments are being scheduled before year-end with the remainder being done in the first quarter of 2007.

``In the last ten years, there has been such an advance in completion and re-working technologies,'' said Christopher Miller, Mammoth's CEO. ``Halliburton was one of the companies that has pioneered the use of a polymer gel that is used to seal off some of the water in wells with excessive water. The Arbuckle formation is ideal for these polymer treatments and there have been hundreds of wells that have been re-worked. We are fortunate enough to work with a team in Kansas that knows where to find ideal well candidates.''

An average polymer treatment scenario involves taking a well that is producing between 2 to 5 barrels of oil per day (BOPD) and 100-plus barrels of water per day. After the well is treated and brought back on-line, initial production typically ranges anywhere from 30 to 100 BOPD before settling down at around 15 to 20 BOPD six months later.

``The data we have gathered on these treatments shows that the well typically pays off within a matter of weeks to months,'' added Miller. ``Again, on a well-by-well basis, this production is not spectacular. Across 15 to 25 wells, however, production revenues really start to add up. This is why we like these re-entrys because they are low risk and form part of our strategy of steady production accumulation.'' ProTerra is currently working to secure a target of about 30,000 acres in Kansas where it intends to re-enter wells and drill exploration wells. To read the complete release and disclaimer, Click Here


Press Release Source: Mammoth Energy; Allied Energy Group, Inc.
Wednesday October 11, 6:04 pm ET

Mammoth Energy Group Signs a $1.5 Million Partnership Agreement With Allied Energy Group, Inc.

DENVER, Oct. 11, 2006 (PRIMEZONE) -- Mammoth Energy Group, Inc. (Other OTC:MMTH.PK - News) announced today that it has entered into a Partnership Agreement with Allied Energy Group, Inc. (Other OTC:AGGI.PK - News). Under the terms of the partnership, Allied Energy will invest $1.5 million into the natural gas project in Northeastern Oklahoma in exchange for a 33% working interest. This leaves Mammoth's wholly owned subsidiary, KMV Consulting, Inc., with a 66% working interest. The two companies are also working jointly on a shallow natural gas project in Colorado and an extensive project in northeastern Montana.

he two companies have agreed that the funds will be utilized to increase the net acres under lease in Oklahoma and to drill another 20 or more wells, which if all are successfully completed would put the total well count at 35 wells. Three wells were completed last week and are being brought on-line, which puts the current well count at 15 producing wells. Assuming 30 wells are producing like the current wells, this would put total daily production at about 1,500,000 cubic feet per day (1,500 MCFD). With production at these levels, management believes that it can renegotiate a better gas purchase price, lower its line charges, gain economies of scale on well operations, and increase the project's overall gross profits.

``We have been talking with Allied for the past four months and are pleased to be jointly working together to take this project to the next level,'' said Christopher Miller, Mammoth's CEO. ``The data we can aggregate across 20 to 30 wells should be sufficient to generate a proven reserve report that we can then take to finance an aggressive drilling program in our project. This partnership has come at a critical time when we have an opportunity to take advantage of renewed interest in natural gas in northeastern Oklahoma.''

KMV Consulting will operate the project and manage the drilling of new wells, which typically cost significantly lower than other larger scale drilling programs since the wells are shallow and can be drilled in a day or two. There are several wells that are shut-in and are just awaiting recompletion, which costs even less and are faster to bring on-line. After the $1.5 million is utilized, the two companies will each be responsible for expenses according to each company's proportional working interest. To read the complete release and disclaimer, Click Here



Press Release Source: Mammoth Energy
Tuesday October 10, 9:52 am ET

KMV Appointed Operator for Drilling Program in Oklahoma

DENVER, Oct. 10, 2006 (PRIMEZONE) -- Mammoth Energy Group Inc. (Other OTC:MMTH.PK - News) announced today that its wholly owned subsidiary, KMV Consulting, has been appointed as operator on a five well drilling program just west of its project in Rogers County, Oklahoma.

The drilling program is a partnership between Allied Energy Group, Inc. (Other OTC:AGGI.PK - News) and Mandalay Energy Resources. They are drilling for natural gas that is found in a blanket Excello shale/coal bed methane seam that covers this area of Rogers County. The first well is commencing today and KMV anticipates that the first three wells will be drilled within two weeks. Pipeline access runs parallel to the lease, which means it should only take about 30 days to get any completed wells on-line and producing gas.

As operator in this 5 well drilling program, KMV has a 15% net revenue interest. Historically, wells that have been drilled contiguous to the planned drilling locations have produced oil and natural gas. Companies in the area, including two large independent, publicly traded oil and gas companies, have drilled over 300 wells with completion rates exceeding 98%.

Recently, KMV continued its 100% success rate to date by completing three more wells on its project that lies east and slightly north from this location. One of the recently completed wells had oil shows and is being tested for commercially viable amounts of oil along with the gas. Once these three wells are on-line, KMV will have a total of 15 producing gas wells with production averaging just under 700,000 cubic feet per day, which at current market prices is about $3,600 per day before line charges, royalties, taxes and operating expenses.

``This area is excellent for low risk drilling and steady accumulation of production,'' said Christopher Miller, Mammoth's Chief Executive Officer. ``We are excited to participate in this venture with Allied and believe that being selected as operator shows that the market has confidence in our plan of operations in this area. I think this area will provide a foundation for growth in cash flow for both of our companies and I look forward to working with Allied.''
To read the complete release and disclaimer, Click Here
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     The Management at Mammoth 

Christopher Miller, Chairman and CEO
Mr. Miller began his oil and gas career with Strider Resources in 1984 as a Landman.  He became knowledgeable in all facets of oil and gas prospect generation and the process of drilling wells. In 2004, Mr. Miller started Centennial Oil and Gas and began working to secure prospects and develop them. Mr. Miller has been involved in almost every aspect of exploring and acquiring oil and natural gas. In his career, Mr. Miller has participated in the framework and process of over 60 wells that have been drilled. He has purchased production in several wells including the highly prolific Mamm Creek field in Western Colorado. He has also purchased production and minerals in the highly explored Powder River Basin in Wyoming, secured oil and gas leases in 14 states, and coordinated a 40,000 acre package in the Torrington County, Wyoming fractured Niobrara shale area. He also has participated in the purchase of a gas processing plant, pipeline structure, and producing wells in southeast Colorado. His diverse experience has helped Mammoth to obtain excellent leads on prospects and bring in the necessary partners to develop them.

Joe Rashwalski, Director and CFO 
Mr. Rachwalski is a partner at Buhrdorf, Mattern and Company, Inc., a certified public accounting company. Mr. Rachwalski serves as Mammoth’s Interim CFO. He has 16 years experience as a Certified Public Accountant and has managed the accounting for several companies in the oil and gas industry. Mr. Rachwalski graduated from the University of Colorado and is a member of the American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants. 

Steve Shaddock, Vice President 
Mr. Shaddock formed Strider Resources Company in 1983 and grew the company into a prominent Landman brokerage firm, exploration, and development company. He has consulted to or participated in over 100 wells in his career and brings expertise in the area of prospect screening, leasehold acquisition, and drilling coordination. Mr. Shaddock is a graduate of the University of Northern Colorado.
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    Financial Highlights For  MMTH

Last Trade: 0.30 (11-02-06) - Volume: 29,528 (11-02-06)
52-Week High $3.00 (08/03/06) - 52-Week Low $0.01 (12/05/05)


KMV Consulting is a wholly owned subsidiary that has 100% working interests in 10 gas wells on 1,075 net acres in Northeastern Oklahoma.

- This project is currently generating about $30,000 per month in gross profits and has tremendous upside since it is located on a shallow, blanket gas field where nearly every well drilled produces.

- By leasing a total of 10,000 acres, this project can be steadily grown over the next 5-6 years to 250-350 wells that generate about $2.5 million per month in net revenues.

- This very low-risk project serves as one key foundation for growing cash flow for the company since a well only costs about $85,000 to drill and complete we believe have a 99.5% chance of success (a competitor in the area has had a 100% success rate on 267 wells it has drilled).


ProTerra Oil & Gas has 10 prospects that represent 30 to 50 potential wells in Montana, Wyoming, Kansas, Nebraska and Colorado

ProTerra also has three low risk components that round out steady accumulation of production and growth of monthly cash flow:

1. Development of low risk wells that are in or near existing oil fields where recoverable oil is in smaller amounts but is not as risky or expensive to drill.
2. Acquire existing production that is undervalued and where infill drilling can increase reserves dramatically.
3. Lease acreage in “hot areas” that are in the path of current industry trends where major activity is occurring, and then sell off the majority of the project to another company to develop while keeping a royalty and working interest.

- ProTerra has 8,364 net acres on which it could drill between 30 and 50 wells over the next 4-5 years, representing estimated reserves of between 3 million (conservatively) and 10 million (optimistically) barrels of oil with average net revenue interests of over 40%. While most of these wells are low risk, there are few wells with “sizzle,” meaning that they have excellent potential to produce between 200 and 700 barrels of oil per day (per well).


Management has been involved in +/-160 wells and along with current shareholders have funded the two subsidiaries with $2.5M to date.

Many oil and gas exploration companies are focused on hitting “home runs” where they invest millions of dollars to drill one or two very risky wells in the hopes of hitting a huge field and many of these companies in the earlier stages of business do not have production or cash flow to support operations. Mammoth on the other hand only seeks to acquire low risk projects and cash flow from production; it also has an opportunity to generate several million dollars in revenues in 2006 by selling off some of its acquired acreage in “hot areas” to further fund operations.

Despite its low risk approach, Mammoth has still been able to develop projects with significant upside potential as seen by the following projects:

- A major leasing effort is underway in Montana to acquire between 60,000 and 75,000 acres where estimated reserves under the acreage are 40 million to 60 million barrels of oil.

- KMV’s shallow gas project where efforts are underway to increase leased acreage to 10,000 net acres, commence a 5 year drilling program and build cash flow in a project with little risk.

- Acquisition of 10 existing wells to be reworked using polymer gel treatments and other new technologies to increase production anywhere from 50% to 50 times current levels.

- A known shallow gas field from the 1980’s (that was never developed due to lack of infrastructure and low gas prices) with estimated reserves of 5 million barrels of oil (equivalent).

Revenue and net income targets for fiscal year 2007 are $10.2 million and $4.2 million respectively


5 DAY CHART
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    TO CONTACT MAMMOTH

       Emerging Markets Consulting - James Painter - (321) 206-6682

Mammoth
1776 S. Jackson Street, Suite 1000, Denver, CO  80210
Tel: (303) 759-2337 - Fax: (303) 759-9871

KMV Consulting, Inc.
512 S. 28th Court, Broken Arrow, OK  74014 - Tel: (918) 706-8395

To Visit the Mammoth Web site: Click Here


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