Looking good!March 6, 2000
MOAT : Castleguard Energy, Inc.
4625 Greenville Avenue, Suite 203,
Dallas, TX 75206
(214) 361-1755
The company recently took 2.5 million shares out of the float.
Current price: Bid .30 Ask .32
52 week range .02-.60
GENERAL
Castleguard Energy, Inc. (the "Company") is an independent energy company engaged in the exploration for and the
acquisition, development, exploitation and operation of crude oil and natural gas properties, and in the production of crude
oil and natural gas in North America. The Company's activities are conducted principally in the States of Texas and
Louisiana.
BUSINESS STRATEGY
The Company's business strategy has been to increase its reserves, cash flow and underlying net asset value through a
combination of acquisition activities and of exploration and development. To date, the Company's activities have been
focused on properties in Texas and Louisiana. Subject to the availability of suitable funding, the Company intends to
diversify its property portfolio in terms of production, location and operating characteristics.
The Company's objective is to acquire and develop producing crude oil and natural gas properties that contain the potential
for increased value through exploitation and development. The Company seeks to realize the potential in such acquisitions
through workovers, recompletions, secondary recovery operations and the drilling of development wells. As a part of its
strategy, the Company will attempt to acquire and develop producing crude oil and natural gas properties in areas where the
Company has working knowledge and operating expertise. Additionally the Company is currently acquiring leases in North Texas to drill two
development wells for several Pennsylvania and Pre Pennsylvania reservoirs.
Also in North Texas, the Company is participating in a 30 square mile 3-D seismic shoot to evaluate shallow oil potential in numerous reservoirs
above 3500 feet. This seismic shoot could yield multiple prospects in a very large geographic area. Acquisition of all quality
2-D seismic data indicate several excellent definable prospect areas. Very shallow depths and reasonable drilling and completion costs make this an
area excellent for return on investment.
Significant Number of Authorized but Unissued Shares
The Board of Directors has total discretion in the issuance of any shares of Common Stock which may be issued in the
future. The Company is authorized to issue 50,000,000 shares of its Common Stock (14,750,626 million shares were issued and outstanding as of
December 3, 1999). (See "Part I, Item 8, Description of Securities".)
Scott G. Heape, CEO
Mr. Heape is President and Founder of H & S Production, Inc. and HSP Geophysical, Inc. He received a B.S. in Geology from Tulane University
in 1972. He has engaged in all phases of the oil and gas business since 1972 where he served as an exploration geologist with Lone Star Producing
Company, a wholly owned subsidiary of Lone Star Gas (now ENSERCH). From 1972 to 1975, Mr. Heape did extensive geological work for
Lone Star in East Texas, Northern Louisiana, and Southern Arkansas. He went to work for Bass Enterprises in 1975 and left Bass in 1976 to form
H & S Production, Inc., a Texas corporation.
Scott Heape is a Certified Petroleum Geologist by the American Association of Petroleum Geologists, a Certified Professional Geological Scientist
by the Association of Professional Geological Scientists, a member of the Independent Petroleum Association of America (IPAA), the Society of
Independent Professional Earth Scientists (SIPES), the Texas Independent Production and Royalty Owners Association (TIPRO), the East Texas
Geological Society and Dallas Geological Society.
Scott Heape, CEO has invested $1.5 million of his own money into the company @ a share price of .50/shares.
EXECUTIVE COMPENSATION
As of December 3rd 1999 there has been no salaries paid to any of the officers or Directors of the company. Directors are not compensated for
acting in their capacity as Directors. Directors are reimbursed for their accountable expenses incurred in attending meetings and conducting their
duties.
OS: 14,750,626 million share
Float: around 11 million
Available stock in the market that is considered free trading is around 4 million.
Quarter Ended High Low
September 30, 1998 $.77 $.50
December 31, 1998 $.77 $.53
March 31, 1999 $.63 $.25
June 30, 1999 $.55 $.07
September 30, 1999 $.10 $.04
December 03, 1999 $.06 $.04
The stock didn't even trade for six months of last year.
Latest News release: biz.yahoo.com
The company is expected to have more PR's over the next few weeks.
We believe that MOAT has reached a solid base at these current price levels. Very little down side from here. We rate MOAT as a mid-term hold. Our four week out look is a price of $2.50 or higher.
Important Notice:
The Stock-Doc owns 10,000 shares of MOAT at an average price of .30. We have not been compensated by the company, or any other persons for this profile of MOAT. |
