SK Update on Conceptual Oil Venture

[thunkerdrone]

no one has posted this yet? , unless it was tucked into a thread which I missed.
This was four days ago:

August 26, 2015

RE: Update on Conceptual Oil Venture

To All CMKM/NHHI Shareholders:

The response to the concept of NHHI investing in the oil/gas industry has been very exciting to say the least. I am both humbled and thankful for the interest shown by many shareholders, and am happy to say that the interest is high enough to move forward with the required expenditures and documentation to progress from a conceptual phase to a real venture.

I will be communicating directly with those shareholders that have expressed interest in the concept, and will provide additional information to them on the process of formalizing an offering. Once the process is completed, and if the preliminary interest remains firm, NHHI will ultimately receive a “free” stake in an oil exploration and production venture. If successful, the venture will provide the footprint, track record and revenues necessary to build a viable and profitable company over time.

I will not be hosting a webinar tomorrow night, but will update the general shareholder population next month with regard to ongoing news, business and litigation. Thank you.

Steve Kirkpatrick
[e-mail]

[gabbyhayes]

Did he mean FREE STEAK.

[thunkerdrone]

pin?

surprised how little reaction to this, it wasn't even posted on the board until four days later,
and then gets one sarcastic response and 300 hits.
Threads and rumors of global settlement and currency reset generate more interest than real
company news.

[John Winston Lennon O'Boogie]

EIA Cuts U.S. Oil Output Estimates Year-to-Date


Published August 31, 2015
·FOXBusiness

U.S. oil production this year was lower than previously estimated, the U.S. Energy Information Administration said Monday.

The newly released federal data confirmed that U.S. oil output has taken a hit from lower oil prices, as new investments have proven uneconomic and some companies have struggled to stay afloat.

Oil investors and analysts have been surprised this year that U.S. oil output, especially from shale-oil fields, remained robust even as last year's plunge in oil prices led to a drop in spending on new drilling. Companies cut costs and became more efficient in the face of low prices, allowing them to keep production near multi-decade highs.

However, the EIA said in a blog post Monday that it has lowered its estimates for production in the first five months of the year by between 40,000 and 130,000 barrels a day each month, due to new survey methodology. The largest revisions came in Texas and the Gulf of Mexico.

In addition, the EIA said that June production fell by 100,000 barrels a day to 9.3 million barrels a day, bringing total production in the first half of the year to 9.4 million barrels a day.

Oil prices pared some losses on the news.

Light, sweet crude fell $1.23, or 2.7%, to $43.99 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.43, or 2.9%, to $48.62 a barrel on ICE Futures Europe.

The EIA will release its full production data through June after noon on Monday. The newest report is the first to incorporate EIA data gathered directly from companies, rather than from state agencies.

Before the new data, "the magnitude and source of decline has been less than reassuring," said analysts at Morgan Stanley in a note Monday. "However, if the data shows a more pronounced decline in North Dakota, Texas or the interior shale producing states, it could give confidence to a market increasingly doubting any decline in U.S. production."

To be sure, U.S. production is still robust. The number of rigs drilling for oil has risen for six straight weeks, sparking some concerns that production growth could resume sooner than expected.

Goldman Sachs Group Inc. analysts said in a note Friday that based on current rig data, they expect U.S. production in the fourth quarter to be 130,000 barrels a day higher than a year before, up by 5,000 barrels a day from their estimate the previous week.

Oil prices fell to six-year lows last week but then soared Thursday and Friday, in a move most analysts attributed to traders closing out bets on lower prices.

Gasoline futures fell 2.3% to $1.4870 a gallon. Diesel futures fell 2% to $1.5442 a gallon.

[gabbyhayes]

Thunk…Maybe..not everyone is as enthused as you are with the specifics of this deal….try and sell an oil well to someone when oil is below 40 bucks a barrel…I understand that it won't be there forever…but a start up operation with absolutely no knowledge in the oil business is courting disaster…..IMHO………have a nice day……..and I wasn't trying to be sarcastic…...

[vulcanized crawler]

gabby i thought you were dead serious. be sure to get your check in before all the good shares are gone

[thunkerdrone]

the view hit counter on this thread suddenly dropped from about 600 views to 38 views.
I blame YOu , Gabby and only you.

[thunkerdrone]

weird as soon as I posted the previous post, it refreshed the page and the view hit counter is back`up at 668 views. I swear it was reading 38 views even after I reloaded the tab to see if it would reset.
the only thing which restored it to 668 views was when I posted and it autorefreshed after my post.

[cessation]

Not sure if I'm the only one here but I'm not really into the whole oil venture. It's super late in the whole fossil fuels game as well as not good for the planet in general.

Don't get me wrong... I'm no hippie and want to make money but like the rest of this Cmkm adventure I don't care for how this is going.

[gabbyhayes]

Thunk…I accept your apology…………...

[truebrit]

And someone wants to buy an oil producing well that producing 50 barrels a day to compete with this:

Americas Will Take Brunt of Any Oil Output Cuts When Iran Returns

The Americas will take the brunt of any cuts in oil production as Iran increases output once international sanctions are lifted, according to a report by A.T. Kearney Inc.’s oil and gas consulting practice in Dubai.

North, South and Central American oil production could fall 1.1 million barrels a day by 2020 because of higher costs as Iran’s output climbs, starting with an increase of 800,000 barrels a day next year, leading up to full capacity of 1.5 million barrels a day within 5 years. Chicago-based A.T. Kearney said in a report to be issued this week.

“With Iran coming back on, there’s the prospect this is going to be a longer-term lower price than we’ve seen before,” Richard Forrest, A.T. Kearney’s lead partner for energy, said in an interview in Dubai on Sunday.

www.youtube.com/watch?feature=player_embedded&v=Qkuu0Lwb5EM#t


ALIMO CRAZY!!

Truebrit

[imSINGLEruRICH]

#2179217
EricGreenField 12 hours ago

When will SK sends us more info? Has he already sent investors information?

How many shares will be issued to investors in the oil venture?
100,000? 1,000,000?

How will it work?

[imSINGLEruRICH]

TREAD CAREFULLY...........................

snifferpup
Mod Squad
Post by snifferpup on 18 hours ago

Here's how it goes Steve.....................If the prospectus warrent's my attention, from that point I will rely on expert's in the field in the area of question..............One person I would take in to account would be our very own resident member familiar with the industry and area, drillbit/aka/Andrew...

Andrew will not be the only one I base my research on, but other areas of the most basic stock offering procedures to make a sound financial decision...

If I find area's in favor, I can see throwing a couple dimes to the ambition...

That's One of the IF's...

The other IF's are what has to termed legal...

As I don't know the legal ramifications of an offering of a private corporation.......................................................I would ASSUME, that this would be listed at TRANSFER ONLINE DOT COM and that I would also ASSUME that this offering would be E-MAIL BLASTED TO ALL ACCOUNTS OF CMKX/AKA/CMKM DIAMONDS INC shareholders as there is probably some shareholders that have no idea what is happening because they only bought because they where drag race fans and never invested in the stock market and thought they were investing into a fully functional mining company like
De Beer's with their Victor mine and so forth................That would be the only reason for the Department Of Justice website mentioning that CMKM Diamonds was a PURPORTED mining company with little or no mining activity....

So, I would assumed that everyone would be made aware of such an offering...

As long as all the IF's are taken care of.............Then yea, I can through some stuff~





logictx
DIAMOND JEDI WARLORD
Post by logictx on 15 hours ago

Pup,

SK has made the offer public to the members that he is taking another road. It is his ball to throw.

What and when is another thing. I have been party to four new ventures in the last ten years that have been very successful. Not that I was primary in any of them. I just made sure data was tracked and kept profitable.

Relying on experts is a good thing. That can not be argued, but I would lean in the direction of successful, proven experts.

We have no details about what SK is about to attempt, so I say give him a chance.

I don't plan to rush into anything.

Waiting,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,





drillbit
DIAMOND JEDI WARLORD
55 minutes ago

Will compare my SUCCESS in the oil patch with you any day logic as well as knowledge involving the many faceted aspects of O&G. You told me that all you did in the patch was about electronics involved in logging wells. You baited me for this post but I can't let you or SK act like true oilmen without questioning your veracity. I rever the business too much and have seen too many hoodwink the unknowing.

Strong words? You bet your hat and arse but that is how we talk in the field. Would love to have an open confab with you and Steve where all can listen. I'll bring sixfootfour. You won't nor will SK and I under stand why. All hat, no cattle as they say in in Texas.

I made a post earlier about the perils of a Blue Sky deal and will repeat same if needed. SK will have to Blue Sky any oil deal.

Other than that, have a nice day.

[imSINGLEruRICH]

Good sound thoughts to think about.
Tread Carefully..........
Do your DD... then again tens of thousands shareholders did their DD n regards to CMKX ??

momoney
DIAMOND JEDI
We are going to be waiting a very long time in my book. I am waiting for a well written decisive action plan that details how this company is going to make money for the shareholders. Ideas presented on a napkin don't count and so far that's all we have ever received.

Once the webinar pep talks stop and a well written documented business plan is presented, I am sure all here including myself could be on board and support Steve. But until that happens its all the same blah blah blah and rah rah rah......

I will save my excitement for the upcoming football season !

Aimo

Mo





portrush
Administrator
Post by portrush on 18 hours ago

He said he already has the investors needed to move forward with this project, and he is doing so. Anyone fussing about what "he better do" to merit your investment has misunderstood...it's already happening.

He said he can't / won't provide a complete PPM because the company's litigation prohibit releasing the financials at this time. If you're seriously considering, get your questions answered one to one.

He said he has highly experienced experts involved.

It would be wise to to educate yourself here: www.investor.gov/news-alerts/investor-bulletins/investor-bulletin-private-placements-under-regulation-d

[imSINGLEruRICH]

Thanks... Mullah
mullahpaloozer
DIAMOND DIGGER
Post by mullahpaloozer on about an hour ago




Markets | Fri Sep 11, 2015 9:01am EDT
Oil falls more than 2 percent after banks cut forecasts
LONDON | By Lisa Barrington and Christopher Johnson
Reuters/Eric Gaillard


Oil prices fell more than 2 percent on Friday after Goldman Sachs and Germany's Commerzbank both slashed their crude forecasts, citing oversupply and concerns over China's economy.

Joining a long list of banks cutting price projections, Goldman Sachs on Friday lowered its 2016 forecast for U.S. crude to $45 from $57, and said it saw 2016 Brent prices at $49.50, down from its earlier $62 forecast.

"The oil market is even more oversupplied than we had expected and we forecast this surplus to persist in 2016," Goldman said in a note entitled "Lower for even longer".

The U.S. bank said crude oil could fall as low as $20 a barrel, although this was not its "base case".

Benchmark North Sea Brent LCOc1 was down $1.10 at $47.79 a barrel by 1245 GMT. U.S. crude CLc1 was down $1.25 at $44.67.

Oil prices have collapsed over the last year, taking Brent down from almost $120 a barrel in the middle of 2014 to a low of almost $42 last month.

Over-production has filled oil tanks around the world, pushing commercial and government inventories to all-time highs.

Analysts say the market is slowly rebalancing, but high stocks will weigh on prices into next year.

Germany's Commerzbank also lowered its price forecasts on Friday, saying Brent was likely to trade at $55 by the end of this year before rising to $65 by end-2016.

"It will take time to get rid of the oversupply," Commerzbank senior oil analyst Carsten Fritsch told Reuters Global Oil Forum.

Investors largely ignored a relatively bullish report from the Paris-based International Energy Agency (IEA).

The IEA said a move by the world's big oil exporters in OPEC, led by Saudi Arabia, to defend their market share by not reducing production appeared to be working.

"Oil's price collapse is closing down high-cost production from Eagle Ford in Texas to Russia and the North Sea," the IEA said in its monthly report.

The agency, which advises the world's biggest economies on energy policy, said reductions in non-OPEC oil production "may result in the loss next year of half a million barrels a day – the biggest decline in 24 years".

But traders remained bearish.

"The oil market is looking for something a little more concrete than the forecasts," said Harry Tchilinguirian, global head of commodity strategy at BNP Paribas.


PRIDE84 ...