Jackass First Promotional Article: Athlone (ATH.V=ALMLF)
WATCH IT RISE TO A MULTIPLE PRICE
JOIN IT OR MISS IT, a potentially huge opportunity here
"farm-ins" are the most optimal business model I've seen
step in, take over, recoup costs immediately, then share profits, after somebody else found the natural gas fields
wow, like taking candy from a Canuck baby !!!
/ jim
321gold.com
Athlone: An Emerging Energy Explorer
Jim Willie CB
November 17, 2003
Symbol: ATH.V in Canada, ALMLF for US equivalent
Corporate website: athlone.com
A unique and highly profitable opportunity has presented itself with an embryonic little Canadian company, headquartered in Vancouver. Athlone is in the process of breaking onto the scene with a large scattering of natural gas drilling projects. In doing so, it will break loose to emerge among several medium-sized energy exploration firms working in western Canada. Several months ago, the company, under the leadership of CEO Paul Reynolds, was seeking and evaluating mining properties. He seized the opportunity to enlist a near legend in the Canadian natural gas industry. The course was changed from a focus on minerals (precious metals) to a focus on resources (oil & gas). Current conditions are suitable for major success in the near term for locating large pools of gas among current targets.
Behind the scenes is David Smith, a 28-yr veteran with Shell Canada, who has been instrumental in the exploration and development of 15 trillion cubic feet of natural gas and oil equivalent in his illustrious career. At today's gas prices this represents an astounding $70 billion value. With his guidance Athlone is now kicking into gear, acquiring ripe properties in the western provinces of Canada. Athlone has installed Smith as the executive for exploration, where he can duplicate his oft-repeated success. This man has the magic touch, and is backed by experienced and successful board members. Both Smith and Reynolds have experience in western and northern Canada. They have reviewed 40 projects, and have so far acquired rights to three, including a large project.
Two weeks ago, shareholders got final word of the contracts to secure the large array of Saskatchewan properties, with favorable working interest. This is a pure gas project. Their independent owners are eager to secure savvy corporate backers who wish to farm in and begin production. "Farm-ins" are a wonderful financial device for quickly participating in an existing, but stalled, project which has already demonstrated viability and production capability. The stalled independents lack the cash that Athlone has available, but do have the gas targets. Athlone would enjoy initial financial advantages for picking up the yoke.
ATHLONE NEGOTIATES $4,085,000 FINANCING
athlone.com
Mon Nov 10, 2003
SASKATCHEWAN GAS PROSPECT
athlone.com
Mon Oct 27, 2003
MANAGEMENT APPOINTMENTS, OPTIONS GRANTED
athlone.com
Tues Sep 2, 2003
The scope of these Saskatchewan properties under contract is vast, stretching 15 miles by 30 miles, offering a potential one million cubic feet of natural gas production per day, per section. Currently, Athlone has 140 sections tied up with potential to add more ground. Smith believes they have the potential for exploiting 400 sections in all, with a section defined as a total of one square mile of land. Connecting pipelines are within close proximity to existing delivery systems, and will be completed at the optimal point in time. Many details are provided in the links above. The financial contract calls for Athlone to be first in line to recoup its upfront costs, then to share profits with their new partners. These are largely ten to twenty-year-old oil exploration wells, whose logged data indicates gas at relatively shallow depths. Gas was never exploited due to low prices and lack of infrastructure at that time.
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it continues with references to Dr Richard Appel's two opinions on Athlone, his track record, and strong financial justification for investing in the energy sector, with reasons owing to depletion, declining USDollar, continued Fed debasement of currency, commodity speculation, and weather spikes ...
/ jim |
