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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (26486)	10/20/2003 12:14:10 PM
From: Tommaso	Read Replies (1) \| Respond to of 206223

ROYL has been up another 10% this morning; I think it would be fairly valued at about 15 myself.

To: Ed Ajootian who wrote (26486)	10/27/2003 4:31:14 PM
From: Ed Ajootian	Respond to of 206223

Good news for FX Energy both sides of the Atlantic 27th October 2003 by Kamil Tchorek FX Energy, the Nasdaq-listed exploration company with major concessions in Poland, has made a presentation to the New York Society of Security Analysts, further raising the profile of the firm which, earlier this month, made the news with its association with billionaire investor Warren Buffet and veteran North Sea gas hunter Richard Hardman. One analyst's recent assessment has shown that Cal Energy, the Warren Buffett company working closely with FX Energy in Western Poland, paid considerably more for its share of FX Energy prospecting areas than the stock trading price. Focus is currently on a smaller part of FX's prospecting area where it collaborates with Cal Energy, but there are still massive areas available to FX that have not been farmed out. The analyst goes on to assert that, "I as an investor can buy into Buffett's play for about a third of the price and have all the upside he does via his holding." According to FX Energy, "Our goal is to bring industry partners into these projects to provide the capital for early-stage exploration drilling... We are seeking one or two industry partners for our Fences II project area and later this year, following our initial evaluation of the Fences III area, we plan to seek other industry partners to join us there. We are also looking at additional opportunities in Poland, particularly with the Polish Oil and Gas Company, to add to our current land holdings." Thanks to the ever-increasing awareness in the US of FX Energy's potential in Poland, everything points to a greater number of major foreign exploration firms investing in Poland, boosting the revenue of the Polish Oil and Gas Company (PGNiG), which often keeps a 51 percent stake of its prospect areas. Two weeks ago PGNiG announced its three-year marketing strategy. This has been brought on by the fact that in July 2004, two months after Poland joins the European Union, there will be a major liberalization of the gas trading market, inviting competition for the first time, and its corollary of a drive for new technology and supplies. Analysts have predicted that PGNiG could lose up to one third of the domestic gas market, but in the words of PGNiG president Marek Kossowski, "We are not attempting to defend the entire market but we intend to concentrate on its most attractive segments and cooperate with the strongest foreign partners." A very basic analysis of the Polish gas industry shows that FX Energy, at least in terms of exploration concessions, is the only major foreign partner. Of great interest to believers in Poland's untapped domestic gas supply, Kossowski added, "We will take special care of our customers from the power sector. We are interested in the expansion of small and medium power plants. We are willing to invest in them by using the financial resources from (European Union) structural funds as well as the National Fund for Environmental Protection (NFOS)." According to experts, the new gas supplies that FX Energy hopes to find - with Cal Energy and Richard Hardman - are ideal for the plants that Kossowski refers to. ****************************************************** Another great story in Warsaw Business Journal. Bought some more of this at $4.14 today. Looks like FX is in the right place at the right time, with competition coming to Polish gas market starting in July.