PINN

Pinnacle Gas Resources

NASDAQ

Add Alert

PINN

Pinnacle Gas Resources

NASDAQ

Add Alert

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating

Older

ragmuff

01/25/11 8:35 PM

Post #82

OOOPs nobody here.

ragmuff

01/25/11 8:29 PM

Post #81

Well you guys getting .34 per share nice. should have driven the price down (:>)

ragmuff

01/25/11 8:27 PM

Post #80

Acquisition of Pinnacle Gas Resources, Inc. Completed
Date : 01/25/2011 @ 7:17PM
Source : PR Newswire
Stock : Pinnacle Gas Res. (PINN)
Quote : 0.2901 -0.0099 (-3.30%) @ 4:23PM

Acquisition of Pinnacle Gas Resources, Inc. Completed

Pinnacle Gas Res. (USOTC:PINN)
Intraday Stock Chart
Today : Tuesday 25 January 2011
Pinnacle Gas Resources, Inc. (OTCQB: PINN) announced today that it has been acquired by Powder Holdings, LLC, an entity controlled by SW Energy Capital LP. Under the terms of the merger agreement, Pinnacle stockholders are entitled to receive $0.34 per share in cash for each share of Pinnacle common stock that they hold. Letters of transmittal allowing Pinnacle stockholders of record to deliver their shares to the paying agent in exchange for payment of the merger consideration will be distributed shortly after the closing. Stockholders of record should be in receipt of the letter of transmittal before surrendering their shares. The acquisition was approved by the company's stockholders in August 2010.

Scotia Waterous acted as financial advisor to SW Energy Capital LP, and Vinson & Elkins LLP acted as SW Energy Capital's legal advisor.

About Pinnacle

Pinnacle Gas Resources, Inc. is an independent energy company engaged in the acquisition, exploration and development of domestic onshore natural gas reserves. It focuses on the development of coalbed methane (CBM) properties located in the Rocky Mountain region. Pinnacle holds CBM acreage in the Powder River Basin in northeastern Wyoming and southern Montana as well as in the Green River Basin in southern Wyoming. Pinnacle Gas Resources was founded in 2003 and is headquartered in Sheridan, Wyoming.

About SW Energy Capital LP

SW Energy Capital LP is an independent energy private equity fund formed in January 2011 with commitments from Scotia Waterous (USA) Inc. and other investors. The Fund has four existing portfolio companies. The Fund is targeting investments principally in small private upstream oil & gas companies with equity commitments ranging from $10 to $50 million. Scotia Waterous, which will assist the Fund in its investment process, is the oil and gas investment banking division of The Bank of Nova Scotia, with offices in Beijing, Buenos Aires, Calgary, Denver, Houston, London and Singapore. Scotia Waterous is distinguished by its in-depth knowledge of the oil and gas sector and comprehensive technical understanding of oil and gas assets on a worldwide basis.

Safe Harbor

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this news release, including any relating to Pinnacle's financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "could," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the areas in which we conduct our business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our operations, products, services and prices.

SOURCE Pinnacle Gas Resources, Inc.

Bawz2wawz

02/24/10 2:34 PM

Post #78

Re: #77: @MWM - Better off selling now, don't want to wait

So my take on it is correct?

MWM

02/24/10 2:18 PM

Post #77

Re: #76: @Bawz2wawz - Hey, i don't know if you seen the

Better off selling now, don't want to wait to get .34, never know what might happen...

Bawz2wawz

02/24/10 1:53 PM

Post #76

Re: #75: @MWM - Just keep an eye on nat gas...

Hey, i don't know if you seen the news here this a.m. but was wondering if you might have a better grip of what this means for any shareholders if and when this buyout takes place.

My take is if this buyout takes place, it is going to be taken private. Does this mean if you are a shareholder at the time of the buyout you will be paid .34 a share??

MWM

09/24/09 6:47 AM

Post #75

Re: #74: @serenity2 - Any new word out on this stock??

Just keep an eye on nat gas...

serenity2

09/23/09 9:19 PM

Post #74

Re: #73: @MWM - Nat gas stocks have all been up over

Any new word out on this stock??

MWM

09/13/09 6:00 PM

Post #73

Re: #72: @mikembte2005 - Lots of buying on heavy volume the past

Nat gas stocks have all been up over the last few days...

mikembte2005 Free

09/13/09 11:05 AM

Post #72

Lots of buying on heavy volume the past few days. No news so I wonder whats going on. Could it be the start of something?

mikembte2005 Free

08/27/09 6:52 PM

Post #71

Nice volume today. PINN is way over sold and due for a nice rebound.

mikembte2005 Free

07/27/09 1:29 PM

Post #70

Re: #66: @DFLY - Right on Mach1 GG and nice ta see

Looks like a good time to keep loading up while the price is at only .30 a share!

mikembte2005 Free

07/24/09 9:06 AM

Post #69

May be ready for a bounce now. Just added a few shares yesterday. Anything at .30 is way to cheap.

mikembte2005 Free

07/11/09 10:01 PM

Post #68

Pinnacle seems like a good long term hold. When gas price come back up next year Pinnacle should be positioned to take advange of that.

HAWKIZ

03/23/09 2:41 PM

Post #67

Re: #66: @DFLY - Right on Mach1 GG and nice ta see

GLTA..Holding here on this one!!!

DFLY

03/23/09 2:30 PM

Post #66

Re: #65: @MACH1 - Found my way into this one this morning.

Right on Mach1 GG and nice ta see ya here!)Fingers crossed that we have a dollarland mover in our midst!))

MACH1

03/23/09 2:24 PM

Post #65

Re: #64: @DFLY - gettin some real nice buys now wow..screenshot>>

Found my way into this one this morning. Hoping for a nice payday!!

DFLY

03/23/09 12:29 PM

Post #64

Re: #63: @wesley_ - yep... some volume based signals hit the radar already...

gettin some real nice buys now wow..screenshot>>

wesley_

03/23/09 9:56 AM

Post #63

Re: #62: @DFLY - lets see what today brings..fingers crossed fer complete breakout!!)

yep... some volume based signals hit the radar already...

DFLY

03/23/09 9:50 AM

Post #62

Re: #61: @wesley_ - lol, would like that :) GL!

lets see what today brings..fingers crossed fer complete breakout!!)

wesley_

03/23/09 9:48 AM

Post #61

Re: #59: @DFLY - .22!)Lets keep this thing movin til dollarland!))

lol, would like that :) GL!

wesley_

03/23/09 9:47 AM

Post #60

gosh... I loaded some in the morning gap-close around .19/.20 :) let's see what happens...

DFLY

03/23/09 9:45 AM

Post #59

Re: #58: @wesley_ - waow... huge volume! starting an up-trend?

.22!)Lets keep this thing movin til dollarland!))

wesley_

03/23/09 9:40 AM

Post #58

Re: #57: @DFLY - .169 close will take it!)Lets see what next

waow... huge volume! starting an up-trend?

DFLY

03/20/09 4:07 PM

Post #57

.169 close will take it!)Lets see what next week brings!)

DFLY

03/20/09 2:28 PM

Post #56

.20 hit!! where is everyone?! this may get good here!!

DFLY

03/20/09 2:10 PM

Post #55

Re: #54: @DOLLARLAND - Very nice... I didn't pull the BUY

thanks man hope this is jus the start to the dollarland journey!))

DOLLARLAND Free

03/20/09 2:08 PM

Post #54

Re: #53: @DFLY - dar she blows!! .18s!!!

Very nice... I didn't pull the BUY trigger in time myself. Good luck with it.

Rhino

DFLY

03/20/09 1:40 PM

Post #53

Re: #49: @DOLLARLAND - Been watching and wondering the same thing.

dar she blows!! .18s!!!

DFLY

03/20/09 12:55 PM

Post #52

Re: #49: @DOLLARLAND - Been watching and wondering the same thing.

.1699 HOD! 15 times average 10day vol already!

DFLY

03/20/09 12:49 PM

Post #51

Re: #49: @DOLLARLAND - Been watching and wondering the same thing.

Wakin bro!!!wow .155 breaks .20 top comes off whenever it haps imo

DFLY

03/19/09 2:41 PM

Post #50

Re: #49: @DOLLARLAND - Been watching and wondering the same thing.

agreed..lets see what haps in the coming sessions here.)may jus be good timin on our parts im hopin.))

DOLLARLAND Free

03/19/09 2:41 PM

Post #49

Re: #48: @DFLY - Can this one bounce too? .14 lets see

Been watching and wondering the same thing. This should start moving pretty soon with Oil over $50, and NG climbing, too.

DFLY

03/19/09 2:34 PM

Post #48

Can this one bounce too? .14 lets see what haps!)eom

Camronmon

03/09/09 7:37 PM

Post #47

Can anybody give a good reason why oil is moving up and gas prices are staying the same?!?! Also I was doing my research on Pinn and I couldn't find anything mentioned about condensate and how much is produced, just curious I guess. Looking forward to the 10-K!!!

Camronmon

Durkkdiggler Free

02/02/09 12:59 AM

Post #46

Re: #45: @DOLLARLAND - Boy, you gotta believe we're near a bottom

Keeping this on my watch.

DOLLARLAND Free

01/29/09 8:39 AM

Post #45

Re: #44: @BLT321 - Same here, have you looked at a one

Boy, you gotta believe we're near a bottom for Natural Gas. I can't believe how much it has dropped lately!

Rhino

BLT321

01/29/09 8:37 AM

Post #44

Re: #43: @DOLLARLAND - I sold a while ago, too. I'm

Same here, have you looked at a one year chart of Natgas.

http://stockcharts.com/h-sc/ui?s=$NATGAS&p=D&yr=1&mn=0&dy=0&id=p70094487073&a=93150412

blt

DOLLARLAND Free

01/29/09 7:44 AM

Post #43

Re: #42: @BLT321 - Can't find any reason. I bailed ten days

I sold a while ago, too. I'm looking to re-enter possibly.

Rhino

BLT321

01/29/09 4:47 AM

Post #42

Re: #41: @DOLLARLAND - Any idea why the big drop today?

Can't find any reason. I bailed ten days ago when PINN lost momentum. Last news was 23rd.

Be watching it.

blt

DOLLARLAND Free

01/29/09 1:00 AM

Post #41

Re: #40: @BLT321 - Breakout...now we need to hold the 20 day

Any idea why the big drop today?

Rhino

BLT321

01/06/09 9:47 AM

Post #40

Breakout...now we need to hold the 20 day SMA (dotted line)
Close above that would be very nice.

http://stockcharts.com/h-sc/ui?s=PINN&p=D&yr=0&mn=3&dy=0&id=p04905088998&a=157456004

blt

BLT321

01/05/09 3:10 PM

Post #39

Form 4

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6327591

Looks good...

blt

crable

12/30/08 11:34 AM

Post #38

Re: #37: @d_whick - definitely somebody is selling "on large" through arca

At least they are seeling on the ask! Althought the effect is still a declining pps.

d_whick

12/30/08 11:33 AM

Post #37

Re: #36: @crable - I sold yesterday at .29 for a very

definitely somebody is selling "on large" through arca

crable

12/30/08 11:08 AM

Post #36

Re: #35: @d_whick - now at 27

I sold yesterday at .29 for a very small gain as I got sppoked and the charts started heading against me. I hope it can turn around.

d_whick

12/30/08 11:07 AM

Post #35

Re: #33: @crable - They moved down to .29 now.

now at 27

d_whick

12/30/08 10:46 AM

Post #34

Re: #33: @crable - They moved down to .29 now.

this selling should be over soon

crable

12/30/08 10:44 AM

Post #33

Re: #32: @d_whick - she/he is been doing that for several days

They moved down to .29 now.

d_whick

12/30/08 10:42 AM

Post #32

Re: #31: @crable - All day yesterday and then again this morning.

she/he is been doing that for several days now, either she is naked shorting or just somebody selling!!

Older

Pinnacle Gas Resources (PINN)

Followers	5	Posters	18
Posts (Today)	0	Posts (Total)	82
Created	12/23/08	Type	Free
Moderators

Pinnacle Gas Resources, Inc.
1 East Alger
Suite 206
Sheridan, WY 82801
United States
Phone: 307-673-9710
Web Site: http://www.pinnaclegas.com

Outstanding Shares: 29,085,551

Pinnacle Gas Resources, Inc., an independent energy company, engages in the acquisition, exploration, and development of domestic onshore natural gas reserves. It primarily focuses on the development of CBM properties located in the Powder River Basin in northeastern Wyoming and southern Montana. The company also owns properties in the Green River Basin in southern Wyoming. Its principal Wyoming properties in the Powder River Basin are located in two project areas: Recluse and Cabin Creek. The company�s Powder River Basin properties in Montana are located in four project areas: Kirby, Deer Creek, Bear Creek, and Bradshaw. As of December 31, 2007, it owned natural gas and oil leasehold interests in approximately 494,000 gross acres. The company had estimated net proved reserves of 25.7 Bcf; and owned interests in 634 gross producing wells. Pinnacle Gas Resources, Inc. was founded in 2003 and is headquartered in Sheridan, Wyoming.