Everyone loves a fresh breeze, especially when Spring is still in its early weeks, almost as much as they like to make money. Such love could soon be embraced on on the penny stock of Breezer Ventures Inc. (OTC: BRZV) whose cares have seen a dramatic increase since Spring officially kicked in last week. With what looks like less than 11 million shares in the public float, BRZV stock could be the cheapest oil exploration company for investors to speculate on during the course of April.
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BRZV Stock Quote at 12:37:26 PM
Market Cap: 1.78M
Last: 0.05 ▲ +0.02 (+66.67%)
Volume: 617,567
Dollar Volume: $24,967
Open: 0.0345
High: 0.052
Low: 0.031
Trades: 66
Authorized: 100,000,0000
Issued and Outstanding: 35,600,000
14-Day Rel Strength: 74.81%
14-Day Stochastic: 95.56%
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Breezer Ventures has some work to do on the 6 locations recently permitted on their Jackson Oil Fields, Texas. According to their IR presentation, 4 of the wells are currently active, but there have been difficulties with tubing leaks, injection well and separator problems, etc. If casing leaks are repaired, production should increase to at least 3-4 bopd with-out stimulation.
They do need to test a vacuum pump on at least one well, and test zones in the deeper wells, but all seems to be ready for some “black gold” to start pouring out soon. Word has it that other possible deposits on their leased land could also include:
- Saddle Creek,
- Tannehill Sands,
- Flippen,
- Cook,
- Hope,
- Gunsight,
- Cisco,
- Canyon,
- Palo Pinto,
- Gardner,
- Gray,
- Caddo,
- Lake,
- Bend Conglomerate and
- Ellenburger
Sounds like a roster for a Mexican ice hockey team.
Breezer’s President, Tang Xu (yeah, he’s a Chinese national), stated that the wells are extremely shallow, costing between $50,000 to $75,000 each to bring into production and are economically positive. If oil prices remain near $100.00 per barrel, and with 870 acres worth of land with proven reserves in the wells. a significant number of low-risk locations yet to be drilled and the production enhancement potential of fracture stimulation and water flooding the properties for greater recovery is considerable.
Of the 35.6 million shares outstanding, Angeni Singh, a former sole director of the Company, owned 20 million (56.2%) and Catalyst Capital Group of Vancouver, BC, Canada, controlled 5 million (14.0%) making the public float of BRZV stock just 10.6 million, as of December 31, 2012. Pretty darn good chance for some decent momentum to build up once shares of the new awareness campaign have found a home.
About BRZV Stock
Breezer Ventures Inc., in the process of developing a new business plan, has been actively pursuing acquisitions of oil leases in the U.S., specifically in the Fort Worth Basin area.
Click here to view the SEC filings for BRZV.
Click here to view the website for Breezer Ventures.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 04/02/13 | 0.0300 | +0.0175 | +140.00% | 1,219,100 |
| 04/01/13 | 0.0125 | unch | unch | 29,000 |
| 03/28/13 | 0.0125 | +0.0055 | +78.57% | 15,000 |
| 03/26/13 | 0.0070 | unch | unch | 208,000 |
| 03/25/13 | 0.0070 | -0.0090 | -56.25% | 209,600 |
Bottom Line: BRZV is worth the addition to the list of penny stocks to watch, especially considering its early in the awareness campaign and the PPS is still relatively low. If BRZV stock was to see a slow run towards a dime or better, a double or triple play from its present position isn’t too shabby of a return considering.
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