Al Berta,
I'd like to make a couple of comments regarding your recent postings. First of all, neither myself nor anyone associated with The Energy Stock Page has ever received any payment in cash, shares or otherwise for profiling a company on our website. Your suggestion that we have has no truth to it.
You also suggested that our site is full of companies with low producing wells/small reserves. If you take a look at our site you will see that we have profiled a number of companies with significant upside potential from large reserves. For example, Purcell Energy feels there is the potential for gas reserves of over 300 BCF in its Fort Liard acreage, based on seismic data and a discovery well in Fort Liard. Other companies, like Jet Energy and Courage Energy, boast extensive reserves. We like big discovery potential as much as anybody, but try to minimize risk from dependency on a single play by selecting companies that have other producing and revenue generating prospects. I do recognize that Bearcat has potential if the Turner Valley play comes to fruition as you hope, but what if Turner Valley does not come about as hoped. There are a lot of variables, particularly in a deep play, which can affect production and reserve recovery and until a period of stable production exists we still feel that Bearcat is a speculative investment. We have presented companies that we feel have good potential and have explained what we like about them. We generally look for a number of parameters in selecting our profiled companies: We favor companies trading at a low price to cash flow multiple, a discount to net asset value, a good management track record, a production history showing growth, solid reserve prospects and a relatively low number of shares (generally below 20 million). Of course there are other considerations as well. With second quarter negative cash flow of ($700,000) on revenues of $25,000 and over 50 million shares outstanding, Bearcat does not fit some of our more important criteria.
We wish you all the best with Bearcat and all your other investments.
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