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Gold/Mining/Energy : Coalbed Methane (CBM) Corral

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From: johnlw1/1/2006 12:24:39 PM
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I’d like to mention a jr. for the board.

Richards Oil and Gas RIX.V
Their main focus is the Horseshoe Canyon Coals in Central Alberta, with some exploration funds tagged for the Ardley Coals

-Started trading in late June.
-They have accumulated an impressive land position in a short time.
-Their JV with CEC for CBM exploration in the Tulameen area of B.C. is an interesting wild card
-They raised $13M in October with no teeth gnashing whatsoever-the overallotment option was also subscribed

This release gives a good summary to date of operations progress and status
stockwatch.com

They have plucked a couple of employees from this company
coalgastech.com
and placed them on the BoD. I view these employees as significant assets to their company with their experience and knowledge of CBM in Alberta.

I have a position in RIX and view it as a long term hold.

John
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