NHUR | Northumberland Resources Set Up For More Highs

NHUR stock, NHUR stock Quote, OTC NHUR, Northumberland Resources Inc.Closing at the HOD to set a new high, the penny stock of Northumberland Resources, Inc. (OTC: NHUR) and their revenue generating oil wells is looking like its just starting to make a move. After announcing Monday that they were drilling a new well on its Sawyer Field Lease in Pratt County, Kansas, NHUR stock saw a huge surge in volume as it came close to breaking $1 million traded. With a float of just over 10 million shares, it would be of no surprise to see this real deal of an oil & gas developer follow the path of Polar Petroleum’s POLR in the coming weeks.

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Market Cap: 73.69M
Monday Close: 1.18 ▲ +0.23 (+24.21%)
Volume: 798,500
Dollar Volume: $853,696
Open: 1.00
High: 1.18
Low: 0.96
Trades: 499
Authorized: 198,000,000
Issued and Outstanding: 62,449,003
Dr. Fortunato Villamanga: 50,000,000
14-Day Rel Strength: 76.54%
14-Day Stochastic: 100.00%

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Besides booking $445,667 in revenues during the 12 months ended December 31, 2102 versus $82,603 during the same period the year before, Northumberland Resources’ NHUR stock finally launched onto the scene just a few weeks before their 10-K filing. Despite the Company’s main source of funding for their oil development projects coming from financing via stock sales, $500,000 of a $3,000,000 commitment coming from an International Institutional Investor in March and another $300,000 just last week, NHUR stock has surged for gains of over 391% since it began trading regularly in early March.

Looking at their K filing for last year, considering that new wells are being drilled and total expenses were just $1,186,799 for the 12 months ended, a few good pumps could value this stock and its mini-float at greater levels than what we are seeing now. Seriously, total current liabilities were just $289,729 at the end of December 31, 2012 and they have since expanded their oil drilling activities in Kansas.

Yesterday’s news and volume spurt was a very positive sign for those long on NHUR since any time in March. Northumberland Resources’ Sawyer Field has 19 wells of which 11 are currently producing which can only mean that the coming Q filing will have some better than expected revenue numbers – perhaps even greater than all of 2012. We know already that some money is flowing in since the Company sold a 30% working interest in the Sawyer Field to its operator, Lasso Energy LLC, and both companies have agreed to invest $140,000 in upgrading all the existing wells on the property.

News of this new well being drilled, the Larrison #5, is a very bullish sign, especially since swab tests have indicated 57% oil which could translate into up to 50 Barrels of oil per day. At today’s world prices, this well could increase Northumberland Resources’ revenues by $1 million per year and send NHUR to a completely new level – the $2’s..

About NHUR Stock

Northumberland Resources, Inc. is in the business of precious minerals exploration and oil and gas exploration and production.

Click here to view the SEC filings for NHUR.
Click here to view the website for Northumberland Resources.

Last 5 Trading Sessions:

Date Last Change % Change Volume
05/10/13 0.9500 -0.0100 -1.04% 140,200
05/09/13 0.9600 +0.0100 +1.05% 190,900
05/08/13 0.9500 +0.0500 +5.56% 188,500
05/07/13 0.9000 -0.0100 -1.10% 470,200
05/06/13 0.9100 +0.0100 +1.11% 826,561


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Bottom Line:

NHUR should be on the list of penny stocks set to break free and run like an unleashed baby bull. Landing itself on the top 20 OTC stocks traded Monday should be the last indicator any trader needs to start paying close attention to this money maker for an entry point.

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