Hot US Stocks To Watch For 2016: Kabe Exploration Inc (KABX)
Kabe Exploration Inc., incorporated on December 15, 2005, is an exploration stage company. The Company focuses to drill shallow wells 3300-6000 feet. on a turnkey basis.
On February 21, 2013, Kabe purchased 320 Mineral lease acres in Butler County Kansas representing a 81% Net Revenue Interest. As of December 31, 2012, the Company did not generate any revenues.
Advisors' Opinion:- [By CRWE]
Last Friday, KABX previously surged (+4.93%) up +0.0007 at $.0149 with 220,466 shares in play at the close (ref. google finance July 12, 2013 – Close).
Kabe Exploration, Inc. previously reported it has secured a bridge loan with Phoenix Group Capital Markets, a UK holding company, through its wholly owned micro-cap investment fund. The bridge loan was secured with restricted stock for operating capital purposes. The company had previously entered into a $5,000,000 Reserve Equity Financing Agreement with Phoenix Group in a term sheet announced in May. "This bridge loan affirms the level of investment confidence we are seeing from the professional investment community," said Erik Ulsteen, the company's CE
- [By CRWE]
Today, KABX surged (+25.00%) up +0.0020 at $.0100 with 309,514 shares in play thus far (ref. google finance Delayed: 12:06PM EDT July 9, 2013).
Kabe Exploration, Inc. previously reported it has secured a bridge loan with Phoenix Group Capital Markets, a UK holding company, through its wholly owned micro-cap investment fund. The bridge loan was secured with restricted stock for operating capital purposes. The company had previously entered into a $5,000,000 Reserve Equity Financing Agreement with Phoenix Group in a term sheet announced in May. "This bridge loan affirms the level of investment confidence we are seeing from the professional investment community," sai! d Erik Ulsteen, the company's CE
- [By CRWE]
Today, KABX has shed (-5.26%) down -0.0010 at $.0180 with 158,078 shares in movement thus far (ref. google finance Delayed: 12:22PM EDT June 19, 2013), but don't let this get you down.
Kabe Exploration Inc. previously reported it has entered into a letter of intent to form a joint venture partnership with Canadian oil and gas holding company International Equity Partners Oil & Gas, Inc. for the exploration and development of 7,300 acres of oil leases in the highly productive Mississippian field of southern Kansas. International Equity Partners Oil & Gas will contribute capital and expertise toward developing the assets for production. KABE's five year operational plan is expected to bring 24 new oil wells into production.
source from Top Stocks For 2015:http://www.topstocksblog.com/hot-us-stocks-to-watch-for-2016.html
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