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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Madharry who wrote (101068)	8/28/2008 8:52:02 AM
From: Ed Ajootian	Read Replies (3) of 206085

Stratic Energy (SE.V) -- they are about a week away from hitting TD on a well that is gunning for 340 BCF of gas in the North Sea (SE has a 10% interest). There is a great report on this play at finance.groups.yahoo.com that was done by Tristone Capital. They believe this Breagh project could become one (or 2) of the largest gas fields discovered in the North Sea in the last several years. The company with the largest exposure to this well that is about to hit TD is Sterling Energy (SLG.V), and I own some of that one too but own more SE.V since SE is closer to getting into some material production. SE is putting another field into production now (West Don) that is projected to generate $100 M of cash flow to SE's interest in its first year of production. It is expected to come online in April. Oilexco's stock price started on a big move up when it got within about 6 months of that company's first production. I don't like playing with the TSX Venture penny stocks normally but this story is just too compelling to ignore.

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