StockGoodies
stockgoodies wall street bird stockgoodies pennystock board ihub stockgoodies pennystock tweets button

Text: Stock
To: 31279

For Free Stock Alerts
Right To Your Phone

 

About American Community Development, Inc.

 

An emerging junior onshore oil and gas exploration, development, and production company financially well connected, coupled with strong management and technical teams dedicated to creating shareholder value by focusing on exploiting oil and gas reserves in North America, with initial focus in the USA.

 

The growth strategy includes: grass roots land assembly, exploration, development, joint venture participations, as well as asset and corporate acquisitions.

 

American Community Development is trading on the US OTC Pink Sheet market under the symbol ACDP.

 

Management & Directors

 

Bruce A. Thomson, B.A.Sc.

President & CEO; Director

 

 

 

Over 30 years of entrepreneurial business experience in private and public companies, with expertise in management, marketing, and finance.

 

Bruce A. Thomson graduated from the University of British Columbia, Faculty of Applied Science, Electrical Engineering; and completed most of the required credits toward an MBA degree while studying engineering. He has over 30 years of entrepreneurial business experience in private and public companies, with expertise in management, marketing, and finance.

His past business activities include: technology, travel and tourism, real estate development, contracting, and securities. In 1985 he became a founding shareholder and director of the public company Hycroft Resources and Development Company; which became a successful gold mining company raising over $100,000,000 for plant construction financing resulting in the production of 100,000 ounces of gold per year for 12 years. In 1991 he entered the securities business as a licensed investment advisor engaged in venture capital financing and retail brokerage.

 In 2000 he left the brokerage business to consult in the area of marketing and venture capital finance; and to pursue his interest in technical trading. He has been intermittently involved in the oil and gas industry in various capacities since 1980, including: engineering evaluations for junior companies, syndications, and financings. He is currently President and CEO of a private oil and gas company.

 

 

 

Edwin Mah, B,Com., SMA, CMA

Secretary, Director

 

 

 

Over 25 years experience in accounting and venture capital finance.

 

Edwin graduated from the University of Manitoba with a Bachelor of Commerce degree in 1984, became a member of the Society of Management Accountants of Manitoba in 1985, and a Certified Management Accountant in 1992.

His experience includes control and direction of financial and accounting functions in the areas of financial statement preparation and income tax returns for individuals and corporations. He has experience with the development and management of relationships and the co-ordination of foreign currency transactions with financial institutions. He has been the CFO of an oil and gas company since 2005.

 

Projects

 

Sofia Prospect

 

New Mexico (USA)

 

Summary

 

 

American Community Development has entered into a joint venture agreement (Farmin) to participate in the oil and gas exploration and development of approximately 35,000 acres of land in Union county New Mexico, USA; referred to as the Sofia Prospect. The company will have a 50% working interest in a proposed 6 well exploration program.

 

 

 

Description

 

Based on an independent engineering evaluation, the following has been reported:

Six wells have been drilled and logged on the Sofia structure. Although none have produced, the well logs (see log diagram) coupled with 35-miles of seismic data (see seismic diagram) evidence the presence of oil and gas bearing sands, in a dome structure.

The Bravo Dome field to the south (see map diagram) is very prolific and could be considered an analogue field.

The exploration challenge is to drill at the highest elevation of the dome structure in order to exploit trapped oil and gas reserves. As a result of the log and seismic data, there is evidence of the existence of oil and gas bearing sands at the following intervals:

 

 

 •520 to 538 feet - see log diagram

 •2,948 to 2,965 feet - see log diagram

 •3,255 to 3,295 feet - see log diagram

 •3,700 plus - this deeper target has never been tested and the plan is to test for this zone down to 4,300 feet.

 

The engineer reports that if these sands are oil saturated the possible total estimated oil in place is estimated could be 407,000 000 barrels. Using a conservative 10% recovery factor, 41,000,000 barrels in place would be recoverable.

 

In addition to the possible oil reserves, the possibility of significant gas reserves in multiple zones also exists.

 

Strategy

 

 

 

 

In preparation for drilling, existing seismic will be reprocessed to include the deepest target and additional seismic will be shot to pin point the well locations in order to finalize the design of a six well exploration program. The geologic highes are illustrated in the seismic photo figure x and figure y shows the cross section structure with the existing wells. Based on exploration success, a development drilling program will follow.

 

Recent News

 

American Community Development, Inc. Begins Reviewing a Development Drilling Joint Venture Opportunity in an Existing Oil Pool Located in Ontario, Canada

 

Feb 15, 2012 1:33:00 PM

 

American Community Development, Inc. Announces the Cancellation of a Letter of Intent to Acquire Significant Oil and Gas Production and Reserves

 

Jan 24, 2012 9:15:00 AM

 

American Community Development, Inc. Announces the Execution of a Letter of Intent to Acquire Significant Oil and Gas Production and Reserves

 

Nov 30, 2011 10:13:00 AM

 

American Community Development Group President / CEO Interviewed and Featured by Stock Research Firm, Street-Stock

 

Company Evaluated as Undervalued Based on Its Unique Business Model, 2012 Earnings Guidance Along With a Very Low Public Float of Approximately 21 Million Shares at a Sub Penny Price per Share

 

Nov 30, 2011 8:58:00 AM

 

http://acdp-ir.com/investor-relations/

 

 

 

 

Contact us

 

Bruce A. Thomson, B.A.Sc.

 

President & CEO

 

American Community Development Inc.

 250 - 5135 Camino al Norte

 North Las Vegas NV 89031

 USA

 Phone: 702-605-0145

 Email: info@acdp-ir.com

Copyright 2014

Home

Lessons

Links

Contact Us

Privacy Policy

Disclaimer