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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Meaney who wrote (84766)	5/23/2001 9:26:24 AM
From: dreamer	Read Replies (2) \| Respond to of 150070

IBEM ! SCOORRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRE !

To: Patricia Meaney who wrote (84766)	5/23/2001 9:51:59 AM
From: Joe Copia	Read Replies (1) \| Respond to of 150070

buying MOAT energy play Tuesday May 15, 4:32 pm Eastern Time Press Release Castleguard Reports Significantly Improved First Quarter Results DALLAS--(BUSINESS WIRE)--May 15, 2001--Castleguard Energy (OTCBB:MOAT - news) reported earnings for the first quarter of 2001 of $312,089, compared to a loss of ($8,339) for the first quarter of 2000. Earnings per share were $.02 compared to a loss of ($.00) in 2000. Improved results were driven by a 1,562% increase in revenues compared to last year, the result of significantly higher sales volumes and higher prices for natural gas. Volumes of natural gas sales were up sharply from 13,433 Mcf last year to 70,336 Mcf this year as a result of production from two wells drilled in the Minden Dome area of Louisiana since the first quarter of last year. Sales prices also increased to $7.29 per Mcf in 2001 compared to $2.19 per Mcf in 2000. Revenue growth in 2001 substantially exceeded operating and financing cost growth resulting in a substantial growth in net earnings. ``First quarter results continue to validate our business strategy of acquiring non operating working interests in proven fields where additional development potential exists,'' Scott Heape, Castleguard Chairman, said. ``Development in Minden and the Mings Chapel Field in Texas, where we drilled and completed a well last month, have created additional drilling opportunities we plan to pursue during 2001.'' Castleguard Energy, Inc. (OTCBB Symbol MOAT) holds working interests in properties located in Texas, Louisiana and Alabama. Castleguard focuses on development projects, joint working relationships and non operated properties. This report includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Castleguard believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements include political developments in foreign countries, federal and state regulatory developments, the timing and extent of changes in commodity prices, the timing and extent of success in drilling, discovering, developing and producing or acquiring oil and gas reserves, and conditions of the capital and equity markets during the periods covered by the forward-looking statements. Castleguard's periodic reports filed with the Securities and Exchange Commission include a discussion of important factors that could cause actual results to differ materially from those indicated in forward-looking statements.