Brandheiße Rohstoffrakete vor Zündung

.. aber, ich denke, hier kann noch einiges gehen. Es scheinen sich in der letzten Zeit einige Insider gut eingedeckt zu haben, wenn man die Bewegungen der letzten Wochen sich anschaut.

Dem aktuellen Kurs nach zu urteilen handelt es sich eher um einen brandheissen "Rohr-Krepierer".
Bisher keinerlei Bewegung trotz Insider-Käufe – Geht's da noch mit rechten Dingen zu...?

Under the terms of the Agreement, Waterton Lakes has assigned a working interest portion equal to 50% in an oil and gas property, known as the Smith Lease, recorded in Woods County record covering 157 mineral acres (more or less) situated on Lots 3 and 4 and E 1/2 of SW 1/4 of Section 31, Township 26 North, Range 13 West, Woods County Oklahoma, USA. As called for in the Agreement, the Company has made a payment to Waterton Lakes on May 7, 2003, in the amount of $20,000.



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The Company and Waterton Lakes plan to acquire additional seismic on the property to further delineate potential hydrocarbon zones. Records for the nearby Hopeton North field indicate that it contained and produced 17.5 billion cubic feet of natural gas from the Hunton zone. In the 1960's and early 1970's, the target acreage was explored to a limited extent, but never produced. The production of substantial quantities of natural gas nearby indicates that the general area is prospective for natural gas production. Moreover, the preliminary seismic data show the Hunton zone present within the boundaries of the Smith Lease.

If warranted following additional seismic evidence and if the necessary funding is available, the Company and Waterton Lakes plan to drill an initial exploratory gas well on the property to test the Hunton zone. The drilling depth of the planned well is anticipated to be approximately 6,500 feet, and would be expected to be spudded during 2006.

Ian D. Lambert, a director of the Company, is the beneficial owner of approximately a 1/6 interest in the 50% net working interest portion of the Woods County, OK, leasehold interest maintained by Waterton Lakes.

Commencing in June, 2003, the Company acquired a 50% net working interest in approximately 2,895 acres of leasehold properties for natural gas exploration in Bourbon County, located in the eastern central area of Kansas, with coverage on 974 acres of leasehold properties extending into Vernon County, Missouri.

The Company has drilled eighteen shallow gas wells up to September 30, 2006 on a portion of its leasehold property in Bourbon County, Kansas. A total of fourteen wells have been tested with sustainable daily production volumes totalling at least 150,000 cubic feet per day. The wells were drilled by way of a fixed price contract with McGown Drilling Inc. of Mound City, KS, at the rate of $12,000 per completed well.

In order to sell the gas production, the Company acquired the necessary funding to proceed with its plans to implement a supplementary pipeline to carry the natural gas from its leasehold properties to the main transmission line, a distance of some eleven miles, at a capital cost of construction of $355,571.

Ian D. Lambert, a director of the Company, is the beneficial owner of approximately a 1/7 interest in the 50% net working interest portion of Bourbon County, KS, and Vernon County, MO, oil and gas leasehold interests not acquired by the Company.

On March 22 2006, the Company announced that it entered into an agreement with Arrandale Financial Corp. to acquire an 75% net revenue interest in the Roark Prospect, Steuben County, New York consisting of oil and gas leases covering approximately 885 net acres for the payment of $150,000 as reimbursement of lease acquisition costs and lease bonuses, and the commitment for the issuance of 2 million restricted common shares of common stock.

The Roark Prospect is located three miles west of the Howard Field in western New York state, a 1937 discovery from the Devonian Oriskany Sandstone at 3400 feet. The Howard Field has produced approximately 4.5 BCFG from ten wells, producing an average per well recovery of 4.5 MMCFG. This region is within a strong gas market, located nearby transmission pipeline and storage facilities.

The Company plans to drill an initial well targeting the Oriskany Sandstone on a large soil iodine anomaly that extends east and north of the Howard Field, near the point of intersection coincidental with the westward projection of the Howard Field. Consulting Geologists indicate that the areal extent of the anomaly is approximately double that of the drilled extent of the Howard Field, so a target with potential in the range of 8 to 10 BCFG is anticipated.

LIQUIDITY AND CAPITAL RESOURCES

Since its inception, the Company has had virtually no revenues from operations and has relied almost exclusively on shareholder loans and private placements to raise working capital to fund operations. At September 30, 2006, the Company had a working capital deficiency of approximately $762,270 in Loans, Notes payable and current Accounts Payable. It is anticipated that management will be able to fund the company's base operations by way of further private placements for up to twelve months.



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Based upon the low monthly overhead associated with current operations, the Company believes that it has sufficient cash on hand and financing arrangements made to meet its anticipated needs for working capital, capital expenditures and business expansion for the next twelve months of operations, before any continuous revenues are obtained. Should the business expand, the Company will need to raise additional capital.

The Company has not established revenues sufficient to cover its operating costs and to allow it to continue as a going concern. A Note to the Financial Statements as at September 30, 2006, states that the future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its properties, and as such, the Company is substantially dependent upon its ability to generate sufficient revenues and debt or equity financings to cover its operating costs.

If the Company needs to raise additional funds in order to fund drilling, acquire property and leases, construct further pipeline facilities, or expand or develop new or enhanced facilities for production, respond to competitive pressures or acquire complementary products, businesses or technologies, any additional funds raised through the issuance of equity or convertible debt securities will reduce the percentage ownership of the stockholders of the Company. Stockholders may also experience additional dilution.

Such securities may have rights, preferences or privileges senior to those of the Company's Common Stock. The Company does not currently have any contractual restrictions on its ability to incur debt and, accordingly, the Company could incur significant amounts of indebtedness to finance its operations. Any such indebtedness could contain covenants which would restrict the Company's operations. There can be no assurance that the Company will be able to secure adequate financing from any source to pursue its current plan of operation, to meet its obligations or to deploy and expand its network development efforts over the next twelve months. Based upon its past history, Management believes that it may be able to obtain funding from investors or lenders, but is unable to predict with any certainty the amount and/or terms thereof. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to continue in business, or to a lesser extent, may not be able to take advantage of acquisition opportunities, develop or enhance services or products or respond to competitive pressures.

As of the date of this filing, incidental natural gas sales have just commenced, with limited incidental revenue from gas sales having been received by the Company commencing in April, 2006 from the shipment of natural gas during the pre-production testing phase production commencing in February 2006.
Accordingly, no table showing percentage breakdown of revenue by business segment or product line is included.

Capital Requirements & Use of Funds

The Company will be seeking financing of at least $3,000,000 over the next nine to twelve months to continue with the expansion of oil and natural gas properties and to repay loans received to build a supplementary pipeline to sell its natural gas. There is no guarantee that the Company will actually be able to complete such financing within that period, or at all. Should this funding not be raised, it would put the ability for the Company to pursue its business plan at risk (See Risk Factors).

Corporate uses of funds shall include but not be limited to the following:

- administration and operational expenses.

- corporate overhead expenses necessary to maintain the Company's operations.

- acquisition of additional oil and natural gas properties.

- lease acquisition costs for potential oil and gas leases.

- construction costs to build a supplementary pipeline to sell its natural gas.

- undertake further seismic work program for the Smith lease.

- drilling more shallow gas wells in Kansas and Missouri.

- drill initial well on Steuben County prospect.

The next phase of funding is anticipated to require approximately $3,000,000 depending upon further acquisition and drilling plans. Capital is expected to be raised in stages, as the financing climate permits. Should this funding not be raised, it might put the ability for the Company to pursue its business plan at risk (See Risk Factors).



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The following discussion and analysis explains the financial condition for the period from January 1, 2006 to September 30, 2006, which supplements the financial statements and related notes for that period and the audited financial statements for the fiscal year ended December 31, 2005.

Revenues. The Company does not anticipate that revenue generating operations will commence until approximately the end of 2006. The Company's first other income from incidental gas sales was generated during the period January 1, 2006 to September 30, 2006, with none prior to that date.

Expenses. For the period from January 1, 2006 to September 30, 2006, the Company incurred expenses of $118,500 for consulting fees to directors and a company related by a common director, $9,000 in legal fees to company controlled by a director, $3,000 in interest expenses to a company with common directors, and $34,000 in other consulting fees; marketing and promotion of $522,770; general and administrative expenses of $7,160; transfer agent and filing fees of $2,488; professional fees of $38,629; rent of $6,807; $13,671 in interest expense; $27,905 for travel expenses; website development of $11,938; and $2,550 for telephone expenses.

Expenses for the previous period from January 1, 2005 to September 30, 2005, the Company incurred expenses of $60,750 for consulting fees to Messrs. Lambert and Lawson; marketing and promotion of $623; general and administrative expenses of $4,944; transfer agent and filing fees of $1,198; professional fees of $21,699; rent of $5,260; $6,245 in interest expense; $2,210 for travel expenses; and $701 for telephone expenses.

Net Loss. For the period from January 1, 2006 to September 30, 2006, the Company recorded a loss from operations totalling $1,887,087 year to date including $503,250 for stock based compensation and $642,000 for stock accretion expense. The total net loss since incorporation through to September 30, 2006, was $6,115,782.

Certain management, business associates and related parties have advanced a total of $451,450, with notes payable of $11,313 advanced as loans to the Company to cover operating costs including $200,000 to cover pipeline construction during 2004 and 2005. As of September 30, 2006, the working capital deficiency was $762,270.

A. RESULTS OF OPERATIONS

At this time, the Company has commenced generating other income from incidental sales of natural gas operations through the shipment of natural gas during the pre-production testing phase to market in Bourbon County, Kansas. To September 30, 2006, the Company has been testing the production from a total of fourteen wells, with 4 in development phase. The Company anticipates the commencement of production revenue generating operations in Kansas toward the end of 2006 from some fourteen wells. A new compressor has been installed on its supplementary pipeline approximately at the end of August, which is expected to result in increased daily production over that experienced during the development and test phase. The Company also cautions that while it does not foresee any such eventuality, delays in the anticipated expansion of operations might occur.

B. CAPITAL RESOURCES

The Company had a working capital deficiency of $762,270 at September 30, 2006.
The Company has been pursuing private placements to finance business development, repay pipeline construction loans of $200,000, and accounts payable of $390,708 at September 30, 2006, and is negotiating to settle the outstanding advances payable of $451,450 by conversion to private placement shares. In the meantime, the Company has met its obligations through funds loaned by certain management and non-related third parties.

During the previous quarter, the Company completed private placements pursuant to Regulation S, totalling $750,000, by way of issuance of 7,500,000 units at a price of $0.10 per unit. Each unit consists of one common share and one share purchase warrant exercisable at a price of $0.20 per share for a period of one year. In addition the Company anticipates that it will be able to raise further funds through private placement share issuances over the next year that will provide adequate working capital for the next twelve months.



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The Company has made two specific commitments for Capital Expenditures. By the fall of 2006, the Company intends to complete the drilling of an further three wells on its leasehold properties in Kansas. The anticipated budget for this Capital Expenditure is $100,000. The Company is awaiting an AFE for drilling an initial well in 2007 on its new Roark Property acquisition in Steuben County, New York. The completion costs are anticipated to be in the $500,000 range.

C. LIQUIDITY

The Company is liquid at the present time from the proceeds of private placements, and has been dependent upon loans and small private placements to provide funds to maintain its activities, though the Company expects to be able to raise larger amounts of funds through the issuance of shares over the next six to twelve months in addition to planned production revenue scheduled to commence by the end of the tird quarter this year.

Die Firma geht davon aus, dass durch weitere Platzierungen bei Fonds Kapital
für die nächsten 12 Monate aufgebracht werden kann:

During the previous quarter, the Company completed private placements pursuant to Regulation S, totalling $750,000, by way of issuance of 7,500,000 units at a price of $0.10 per unit. Each unit consists of one common share and one share purchase warrant exercisable at a price of $0.20 per share for a period of one year. In addition the Company anticipates that it will be able to raise further funds through private placement share issuances over the next year that will provide adequate working capital for the next twelve months.

... anscheinend haben die ja jetzt genügend Kapital, um weiter zu machen. Ich hoffe, wir hören hier in den nächsten Wochen endlich mal wieder gute Nachrichten .... Na, ich bin jetzt gut im Minus, jetzt heisst es warten, kann mir nicht vorstellen, dass die Dicht machen, dafür sind die viel zu kurz vor dem Erfolg. Wie seht ihr das?

der Kurs wird kräftig nach unten gedrückt, wenn man blind darauf glaubt dass, das Glück kommt, irrt man sich und geht mit weniger geld schlafen.. Ich hätte die Aktie schon längst verkaufen sollen..
Litewave ist ein Blindgänger..........:(((((((((((((((((((
Gute Nacht

die wird ja immer noch günstiger...
seid Ihr auch alle schön am Nachkaufen...?
Da sollte eigentlich bald mal richtig was gehen.

Kalt genug ist es ja, da oben...
Think positive ;-)
sl, up

.. bin ich am nachkaufen, sieht meiner Meinung nach gut aus ;-)

By: kellanj74136  
14 Dec 2006, 10:55 PM EST
Msg. 700 of 700
Jump to msg. #  
I remember

waking up one morning to see over 1,000,000 shares traded before 9:15 am. By the end of the day, over 7 mil shares were traded. That was May 8th. That was with no news. News came 3 days later and closed at .51. The point is today 200+ shares were traded, about a 3 month daily average. Many are holding and adding. I still think there is life in this. Look back 2 years. Most upward activity started now through April. Nat gas season. We need news about the Texas well, New York and gas flow. These few people have their hands in several projects.

The thing I hate is they have not stuck to their plan. If you look back at their pr's, there were to have been more wells drilled and higher volume of gas being pumped. They were each tested at almost what the combined total produced. Now a new compressor is installed. I would like to see how that has helped the volume.

I read about this company 4 years ago and thought then I was getting in with a $3.00 to $5.00 ps operation. I hope I am not wrong. I expect more from them in the near future. I am looking for volume. People that know about this company know when to buy before the news.  

ragingbull.quote.com/mboard/boards.cgi?board=LTWV&read=700

Ich kauf auch aber bei 0,0002

.... ist einfach der letzte Mist

das sieht nicht mehr nach nem guten Zock aus.
Hab das Teil in meinem Depot abgeschrieben.


[[[^/^]]]...oOSilver_SurferOo...[[[^/^]]]

Eso Uranium rockt

Seit fast einem Jahr keine News mehr. Anscheinend wird Litewave von den massiven Schulden nun doch erdrückt. Es hat sich wohl -zumindest kurzzeitig- ein Boden gebildet. Wenn aber weiterhin keine News kommen, wird auch dieser Boden durchbrechen, wie morsches Holz.

biz.yahoo.com/prnews/070116/latu003.html?.v=73

Der Link zum Interview:
www.wallst.net/audio/audio.asp?symbol=LTWV&id=2925

LiteWave Corp.
LTWV - LiteWave (OTC BB:LTWV.OB - News) is an oil and gas company that is focusing its current efforts on the development of natural gas prospects in the United States and Europe. Litewave has commenced production of natural gas from its leasehold property in Kansas, and plans expansion of its development prospects through aggressive acquisition and drilling plans.  

... steckt etwa doch noch Leben in der Bude. Scheint wohl jetzt, nach langer Funkstille, richtig aggressiv loszugehen. Wunder gibt es wohl immer wieder.

Mensch "Jens",  
ein Bischen Geduld gehört eben auch dazu...
Hier wird sich bald richtig was tun...
Stehe nach wie vor zu meiner Empfehlung:

Nicht die Flinte ins Korn, sondern: Kaufen!!!

an dieser Stelle nur unterstützen. Bin auch wieder dabei ;-)

bei litewave ...... schon 2 Tage hintereinander, das lässt auf gute News hoffen!

hatte bei 0,04 nachgelegt.
da geht doch die letzten tage einiges!!!
heute +54% – weiter so freunde  

ganz ordentliches volumen heute...
Börsenplatz : Frankfurt 
01.02.07 / 16:47:08 / 200.400 Stück!!!

further up!

Endlich! Jetzt geht s ab bei Litewave. Wie ich in Erfahrung bringen konnte soll die Förderung nun endlich angelaufen sein. Aufgrund des Kurssprungs in den USA erwarte ich heute die offizielle Nachricht, die hoffentlich alle Dämme brechen lässt!
Allen investierten viel Erfolg und allen die kaufen wollen sag ich nur "Jetzt aber schnell"!!!!  ... na, dann werden wir ja die alten Höchststände von 0,42 bald hinter uns lassen !!!

.. da hat sich das warten gelohnt. Nach dem Interview konnte man einfach nur noch positiv gestimmt sein. Es war fundiert, hatte klare Zukunftsaussichten ... und die sehen sehr gut aus, wie ich meine. Meiner Meinung nach kann man hier locker bis 0,40 Euro nachlegen. Die damaligen Höhenflüge muss man aber auch ganz ehrlich sagen, waren ausgelöst durch Börsenbriefchen, die ein wenig zu früh von einer glorreichen Zukunft sprachen. Danach ging s kräftig runter, auch, weil das Gespenst der drohenden Insolvenz umher ging. Der Nebel scheint sich nun aber wohl aufzulösen und ich denke, dass heute, spätestens am Montag richtig hammergeile News zu erwarten sind.    Let it flow!!!