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Penny Stock Forum Penny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB

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  #1  
Old 03-10-2010, 09:39 AM
Chuck.W Chuck.W is offline
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Default WLON.PK Wilon Resources, Inc.

WLON.PK
Adventure Energy, Inc. an energy exploration company has announced the proposed acquisition of Wilon Resources, Inc. The Board of Directors for both companies have agreed on the terms. With completion of the transaction both Adventure Energy, Inc. and Wilon Resources, Inc. will complete a name change to U.S. Natural Gas Corp. This is great news for these two companies. Keep this one on your radar as attention grows we should see some big big numbers coming in. IMO
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Old 03-10-2010, 09:42 AM
stocksamongus stocksamongus is offline
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Default Re: WLON.PK Wilon Resources, Inc.

WLON Hit its 52 wk high yesterday @.154 Closed @ .15 Previous close @.144 w/ great volume yesterday. Also closing up 4% Keep WLON on your radar, the chart is indicating power, if we see PR soon WLON will continue to build resistance IMO, now sitting on major support and above 20 50 & 200 day MA's
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  #3  
Old 03-10-2010, 01:14 PM
PENNYMASTER PENNYMASTER is offline
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Default Re: WLON.PK Wilon Resources, Inc.

WLON, Thanks for bringing this one to my attention.Charts look good on this one. I think if we see a little news on this were going to have a winner. Stock is on a uptrend and went from .09 to .15 in the past week. The only resistace I see from this thing going high is .154 and this is a weak resistance. This is a great stock to take a position in and catch the meat of this up trend for some profits. Remember to do your own dd and good luck to you all
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Old 03-15-2010, 08:04 PM
stocksamongus stocksamongus is offline
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Default Re: WLON.PK Wilon Resources, Inc.

MAJOR news for WLON


Wilon Resources, Inc. Scheduled to Begin Delivery of Natural Gas This Week
Reminder of Special Shareholder Meeting Friday, March 19, 2010


.Press Release Source: Wilon Resources, Inc. On Monday March 15, 2010, 4:53 pm EDT
ST. PETERSBURG, Fla., March 15 /PRNewswire-FirstCall/ -- Wilon Resources, Inc. (Pink Sheets:WLON.pk - News), an energy exploration company with operations in the Appalachian Basin is pleased to announce that it is in the final stages of preparation for delivery of natural gas. The Company has scheduled all projects to be completed and final inspections for the week of March 15, 2010 in anticipation of delivery.

Over the next few days, the Company's West Virginia natural gas project will go through several inspections to insure that the recently constructed meter station, H2S detection facility, compressor station, and glycol unit are functioning properly and to the standards required by Columbia Gas Transmission. During this time, the Company will continue to swab wells and tie in additional wells into the gathering system. The Company projects that it will have between 15-25 wells equipped for the initial day of delivery and will open for production an additional 5-8 wells weekly.

In addition, management would like to remind shareholders of the upcoming special shareholder meeting this Friday, March 19, 2010. Management strongly believes that the acquisition of the Company by Adventure Energy is in the best interest of shareholders and will allow the Company to further develop its leasehold interests.

"We are extremely excited to finally be at the point where we can initiate gas sales," stated Wayne Anderson, President of Wilon Resources, Inc. "We look forward to meeting with shareholders this week at the Company's shareholder meeting and to discuss the future of the Company."

About Wilon Resources, Inc.

Wilon Resources, Inc. engages in the exploration, production, and delivery of natural gas. Its operations are in the Appalachian Basin centered around West Virginia on leaseholds that aggregate approximately 12,000 acres.
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Old 03-18-2010, 12:45 PM
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Default Re: WLON.PK Wilon Resources, Inc.

And now WLON has about 5 times normal volume. Its also making a higher low. It looks poised to make a nice move. Coupled with recent news that stocksamongus posted WLON is worth taking a look at. Nice job everyone.

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Old 03-31-2010, 07:46 PM
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Default Re: WLON.PK Wilon Resources, Inc.

WLON below 20 & 50D MA's of .11 @ .085 great entry point here. Last time traders were alerted on this there were some solid gains as it reached .10 & higher. WLON reached .15 just two and a half weeks ago. Be alert here traders!
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Old 04-08-2010, 11:32 AM
PENNYMASTER PENNYMASTER is offline
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Default Re: WLON.PK Wilon Resources, Inc.

Wilon Resources is a publicly traded company focusing on the exploration and production of natural gas in the Appalachian Basin region. The Company currently operates approximately 60 producing wells with plans to aggressively expand the number of wells over the next few years. The Company owns 12,000 acres of mineral leases within the Basin region concentrated along the Kentucky-West Virginia border. The Company plans to expand these lease-holds within certain targeted geographic areas.

The Company sells the natural gas it produces to gas transmission companies, industrial end-users and utilities under contracts with terms ranging from one month to three years. As customary in the industry, virtually all of the Company’s contract pricing provisions are tied to a market index.

The Company is afforded many advantages by drilling in the Appalachian Basin, which include but are not limited to:

• Highly Successful Drilling Rate- The Company has a proven successful drilling record within the shallow formations (1,000-7,500 ft.) of the Basin. Wilon currently concentrates drilling in the Devonian Shale deposits, which has shown to be a very promising geological area.
• Location- Appalachia is surrounded by major natural gas markets in the United States. The proximity to a substantial number of large commercial and industrial gas markets, including natural gas powered electricity plants, coupled with the relatively stable nature of Appalachian production has resulted in generally higher well head prices for Appalachian natural gas as compared to those prices of the Gulf Coast or Mid-continent regions.
• Long Life Production- These formations are generally characterized by long-lived reserves that produce for more than 20 years.

Wilon management believes the demand for production will continue to grow in the future due to the efficiency, safety, cleanliness, and price competition of natural gas.

What is natural gas? Natural gas is a non-renewable, colorless, odorless, gaseous hydrocarbon mixture made up of methane and a small percentage of other light hydrocarbons. Natural gas is the cleanest burning fossil fuel. Natural gas is found naturally underground and delivered via wells drilled into porous rock formations. Most natural gas used in the United States comes from North America.

What is natural gas used for? Approximately 23 percent of the energy consumption of the U.S. comes from natural gas. Over one-half of the homes in the U.S. use natural gas as their main heating fuel. Natural gas is also an essential raw material for many common products, such as: paints, plastics, fertilizer, antifreeze, films, dyes, and medicines. More than 62 million homes use natural gas to fuel stoves, furnaces, water heaters, dryers, and other appliances. Natural gas now powers nearly 130,000 buses, taxis, delivery trucks, and other natural gas-powered vehicles.

Natural gas prices were in the $2 to $3 per million Btu (MMBtu) range only five years ago. Record natural gas prices were set in October and November of 2005, but a warm winter have led prices to settle in the $6-$7 MMBtu range. Still, prices paid by residential customers this past winter averaged 30% higher than the prior winter. The Energy Information Administration (EIA) estimates that concerns about tightness of future supplies of natural gas and continuing pressure from high oil market prices will keep gas prices for the next winter season at today’s high prices.
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