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

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To: Dennis Roth who wrote (140311)	9/22/2010 10:53:17 AM
From: Dennis Roth	1 Recommendation Read Replies (1) of 206086

Small and Mid Cap European E&Ps Forecast Update on Oil & Gas Price Changes Download Link: sendspace.com 21 pages, 10 figures Value proposition remains in select exploration programmes: With the market in a relatively bullish mood and value more difficult to find amongst our universe, we continue to favour what we view as reasonably priced exploration programmes that are either well diversified across numerous prospects or that do not have success priced in yet. Our favoured plays in this sub-sector remain Premier Oil (OP, TP 1,811p), Lundin Petroleum (OP, TP SKr60.0) and Heritage Oil (OP, TP 520p). ----- Australian Oil & Gas Exploration & Production Oil price changes 13 pages 14 figures Download Link: sendspace.com We have adjusted our financials for the forecast period for amended commodity assumptions on crude oil and currency. We have downgraded our crude oil assumptions in line with Credit Suisse global energy assumptions reflecting a slightly more conservative outlook with respect to global demand (versus supply) relative to prior published forecasts.

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