MOAT
Someone watching the tread passed this email he received on to me tonight. I believe he received it well after the market had closed, but I'm not positive.
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- geocities.com
Stock Champions pick of the week! We will not list this one on
our web
page until this weekend!! Thank you for your patronage.
geocities.com
As always do your own DD & invest wisely.
MOAT: Castleguard Energy, Inc. (the "Company") is an
independent energy
company engaged in the exploration for and the acquisition,
development,
exploitation and operation of crude oil and natural gas
properties, and in
the production of crude oil and natural gas in North America.
The
Company's activities are conducted principally in the States of
Texas and
Louisiana. The Company's business strategy has been to
increase its
reserves, cash flow and underlying net asset value through a
combination
of acquisition activities and of exploration and development.
To date, the
Company's activities have
been focused on properties in Texas and Louisiana. The
Company's
objective is to acquire and develop producing crude oil and
natural gas
properties that contain the potential for increased value
through
exploitation and development. As a part of its strategy, the
Company will
attempt to acquire and develop producing crude oil and natural
gas
properties in areas where the Company has working knowledge and
operating
expertise. Additionally the Company is currently acquiring
leases in North
Texas to drill two development wells for several Pennsylvania
and Pre
Pennsylvania reservoirs. Also in North Texas, the Company is
participating in a 30 square mile 3-D seismic shoot to evaluate
shallow
oil potential in numerous reservoirs above 3500 feet. This
seismic shoot
could yield multiple prospects in a very large geographic area.
Acquisition of all quality 2-D seismic data indicate several
excellent
definable prospect areas. Very shallow depths and reasonable
drilling and
completion costs make this an area excellent for return on
investment.
As of December 3rd 1999 there has been no salaries paid to any
of the
officers or Directors of the company. Directors are not
compensated for
acting in their capacity as Directors. Directors are reimbursed
for their
accountable expenses incurred in attending meetings and
conducting their
duties.
Reportedly Castleguard Energy will be filing their financial
reports
around the 24th of this month. Around that time they will issue
a PR
stating the company has assets around 2 million and that they
are
profitable.
Taking all of this positive information into consideration we
are giving
MOAT a short term target price of $4 and a long term
target price of $10.
From Last Press Release on 2/16/2000
biz.yahoo.com
"Castleguard Energy Inc. (OTCBB Symbol MOAT) a Dallas based oil
and gas
company is pleased to announce that it has satisfied the
requirements of
the Securities and Exchange Commission to become a fully
reporting company
on the OTCBB. The company submitted its 10SB Registration in
December 1999
and was given an effective date of February 7th 2000 to become
a
reporting company.
Castleguard Energy Inc. has approved a stock repurchase program
authorizing the Company to repurchase and cancel up to
1,000,000 shares or
7% of its 14,750,626 outstanding common stock. The repurchase
and
cancellation will be made from time to time at the discretion
of the
management of the Company."
OS: 14,750,626 million share
Float: around 11 million
Available stock in the market that is considered free trading
is around 4
million.
Current Share Price: $.54
Castleguard Energy
4625 Greenville Avenue, Suite 203,
Dallas, TX 75206
(214) 361-1755
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