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September 5, 2008 Newsletter NL- 090508-10044
Stockmarketquarterly Newsletter
Mammoth Energy Group, Inc.
932 Burke St. United Gas OK, Inc. 1216 East Kenosha, #238 Joe V. Overcash, CEO Clarence Foust, Secretary Investor Relations Firm M and M Investor Relations Transfer Agent Transfer Online Websites: http://www.mammothenergygroup.netSymbol: OTC MMTE .OB Close Friday 9/05/08 .0017 A/S: 1,500,000,000 O/S: 1,200,000,000 Float: 548,745,038 Restricted Shares 651,254,962 Above figures is from May 29, 08 Letter to shareholders About The Company:
Mammoth Energy Group United
Gas OK, Inc. Our
Philosophy Mammoth is focused on executing 4 primary strategies: 1. To lease large areas of
acreage in "hot area". Management Team: Joe Overcash, President Joe V. Overcash is 42 years old and currently serves as Chairman of the Board of Directors and Chief Executive Officer and resides and works in Winston-Salem, North Carolina. He is married to Donna for 18 years and has a son and daughter. He holds an Associates Degree in Accounting earned in 1992 and has been operating a private practice since 1994. He operates a North Carolina corporation that performs monthly bookkeeping, payroll services, business consulting, tax planning and income tax preparation for individuals, partnerships and corporations. Clarence A. Foust, Secretary Born in 1943 in an area of Oklahoma already in an Oil boom. Mr. Foust became active in the industry at the ripe old age of 13 when he sold his calves and bought a Star Spudding rig, and put it to work. He has been involved in the Oil and Gas business ever since. Mr Foust brings a lifetimes experience in the oil and gas business encompassing all aspects; from acquisition of leases, to all the operations associated with drilling, managing rig crews, and producing wells, etc.. Mr. Foust has drilled more than 300 wells in Oklahoma, Texas, Kansas, and New Mexico. The success achieved in the oil and gas business allowed Mr. Foust to transfer his people management skills to the hotel business acquiring and managing Hotels and Motels, holding a total of 22 properties at the same time at its peak. Mr. Foust is now, once again, full time in his first love, the oil and gas business, and brings much detailed local knowledge and experience of Oklahoma's oil and gas fields. Press Releases:
Mammoth Energy Group, Inc. Announces Details of
Third Well Acquisition
Mammoth Energy Group, Inc. Announces Acquisition
of Working Interest in a Third Well
Mammoth Energy Group, Inc. Announces Successful
Drilling of Second Well in Oklahoma
Mammoth Energy Group, Inc. Announces Well
Production
Mammoth Energy Group, Inc. Announces Update on
Well Completion
Mammoth Energy Group, Inc. Announces Drilling
Success in Oklahoma
Mammoth Energy Group, Inc. Announces Commencement
of Drilling in Oklahoma
Mammoth Energy Group, Inc. Announces Update
Letter From Drilling President
BenchmarkJournal.com Sector Analysis for BIHC,
GETG, EESO and MMTE
Mammoth Energy Group, Inc. Announces Drilling
Update
Mammoth Energy Group, Inc. Announces That
Drilling Will Take Place in Similar Area as Other Oil Companies
My Comments: We have seen over the past few years many startup small Gas & Oil issues.. Mammoth is different in the way that they have already acquired leases in the Oklahoma Woodford Shale Basin.. This area is comprised of 1,000-square-mile area stretching across southeastern Oklahoma. We know about the great find in the Barnett Oil Shale of Central Texas.. Many small startups made huge gains for shareholders there. What also makes this a nice penny pick is the company is surrounded by large Oil concerns of the likes of Newfield Exploration Co., Chesapeake and BP who have an invested interest and spent $1.7 billion to start explorations.. Some of the big oil executives have stated that on a pure productivity basis, the Woodford outperforms the Barnett.. From the AAPG Explorer http://www.aapg.org/explorer/2008/07jul/woodford.cfm
"The biggest single chunk of
money aimed at the Woodford this year – about $500 million – will be
invested by the play’s dominant driller, Newfield Exploration Co. of
Houston.
But more than 25 operators have tried at least one Woodford well recently. Devon Energy Corp. and Chesapeake Energy Corp. of Oklahoma City and Cimarex Energy Co., Antero Resources Corp. and St. Mary Land & Exploration Co. of Denver have been active players in the Woodford. So have XTO Energy Inc. of Houston, Pablo Energy Inc. of Amarillo, Texas, PetroQuest Energy Inc. of Lafayette, La., and Continental Resources Inc. of Enid, Okla." The company has already started drilling and have successfully proven solid reserves on 3 wells and more are expected by years end. Considering the much discussed energy needs for the USA, makes Mammoth Energy a nice energy play. In my opinion, as we move forward and the company completes additional wells and brings them online, the share price currently trading at .0017 appears well undervalued.. It is not unreasonable to see us above .01 on the additional completions in the very near future. I consider this a speculative buy.. Read the PRs and do your DD.. Have a good day Varok Your friend in the investment
community. Disclaimer: Stockmarketquarterly is an independent newsletter. Stockmarketquarterly's goal is to give the investor the necessary knowledge to make rational and profitable investment decisions. Stockmarketquarterly has received no monetary compensation (see below) with respect to the writing of this special report. Stockmarketquarterly expects to generate new subscriber revenue, the amount of which is unknown at this time, to its newsletter through the distribution of future special reports. This publication does not provide an analysis of a company's financial position and is not an offer to buy or sell securities. Information about publicly listed companies and other investor resources can be found at the Securities & Exchange Commission website http://www.sec.gov. Investing in securities is speculative and carries risk. It is recommended any investment in any security should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Stockmarketquarterly presents information in this report believed to be reliable, but its accuracy cannot be guaranteed. Past performance does not guarantee future results. The information contained herein contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected continual growth of the featured company. In accordance with safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that statements contained herein that look forward in time, which include other than historical information, involve risks and uncertainties that may affect actual results of operations. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures, etc. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should or might occur. Stockmarketquarterly has received 3,000,000 free trading shares to profile Mammoth Energy Inc. from a third party.. We may purchase for our portfolio a certain amount of our holdings as we feel companies we profile have substantial growth potential or until the business climate dictates otherwise.. Due Diligence is a must for all investors as there is a certain amount of risk investing in any market..
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