There is no question at all when asked whether or not the penny stock of oil and gas focused Auxillium Energy, Inc. (OTC: AXLM) is going to be pumped soon. With a legal incubator known for putting together some half decent runners and a website whose homepage reads more like an investor relations page, AXLM stock is already sneaking its way up the charts. With the 10-K filing yesterday after the closing bell, the “spurt” alert monitor is on and it’s just a matter of time before the ticker winds up in the subject section of your inbox.
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AXLM Stock Quote
Market Cap: 29.55M
Last: 0.22 (No Change)
10 Day Percent Change: 69.23%
10 Day Moving Average: 0.19
10 Day Average Volume: 7,160
Issued and Outstanding: 134,300,000
Float: 29,300,000 (estimated)
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Incubated by the Law Offices of Thomas E. Puzzo, PLLC back in 2009 (see here), Auxillium Energy and their focus on Alaska’s North Slope are soon to be spreading the news of drilling projects and proven reserves around the internet. Said to contain 14 of the 100 largest oil fields in the U.S. and 5 of the 100 largest natural gas fields, Auxillium’s leases in the North Slope region, 9,600 net acres, could will be touting the U.S. Department of Energy report which, published in April, 2009, stated that the estimated recoverable oil reserves there to be 28 billion barrels, including reserves from existing fields as well as undiscovered resources, with natural gas estimates as high as 125 trillion cubic feet. KaBoooooom!
What an amazing region to be situated in with an amount of recoverable oil and natural gas that trumps almost every other penny stock on the OTC in the same sector, and its being run by 3 guys who have no history whatsoever in the industry.
Between Warmond Fong, CEO and HNIC of Auxillium Energy, Jatinder S. Bhogal, Director, and Frank J. Hariton, Secretary, only Bhogal has done anything even remotely close to oil and gas exploration. Bhogal indicated on his resume some independent consulting on various early business development projects as well as time as a Director of New Energy Technologies, Inc. (NENE)
Fang, with a focus on advanced academic studies in Chinese foreign policy, political economy and business law at Peking University, holds a Bachelors degree (Honors) in Political Science from York University and a Masters Degree (Honors with Distinction) in International Relations from the University of Hong Kong. The third wheel of the group, Hariton, is an attorney in private practice in New York State with a history of being secretary or assistant secretary of various public companies.
Regardless of their past proving their future capabilities, AXLM stock is clearly about to see some heightened awareness activity and need be on the watch list for a potential break out. Just look at the property they are leasing: It was originally issued to Union Energy (Alaska) LLC on September 1, 2008, with a term of 10 years and subject to a 12.5% royalty interest in favor of the State of Alaska.
Based on maps, updated geological data and a wet thumb held up in the air to guess the wind direction, Auxillium Energy believes that their lease prospect contains the East Kurupa gas field, discovered by Texaco in 1976. Nuff Said!
About AXLM Stock
Auxillium Energy Inc., with their current with oil and gas lease holdings on the North Slope Foothills of Alaska, is an exploration stage company engaged primarily in the investigation, acquisition and exploration of prospective oil and gas properties.
AXLM Stock Insiders:
100,000,000 (74.6%): Warmond Fang, Chairman of the Board, Director and CEO
5,000,000 (3.7%): Jatinder S. Bhogal, Director
Last 5 Trading Sessions:
Bottom Line: With a calculated float of under 30 million (based on the 10-K filing last night), AXLM should be the highlight of the penny stocks to watch list for every trader. With SMA about to unleash its first pick of 2013, AXLM stock has a 10% chance of being that pick and could eventually fart cinnamon for those who get in early enough. Early or not, the threat of trash bags washing up on the Alaska shores of an investment decision is bound to occur in due time.
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