Storm Cat according to Brinks...
When Scott Zimmerman joined Storm Cat (SME.V or SMEFF) as President in October 2004 I was one of the investors coming on board because of him.
Here is my proof with this extensive overview:
Message 20765427
I originally talked to CEO Scott Zimmerman when he first joined the company. I also talked with newsletter writer Michael Schaefer at the same time. I have not talked to either one since.
I pretty much nailed Zimmerman perfectly in that early November 2004 summary:
"He has worked in every CBM environment imaginable. I talked with Scott's references who stated he was the: "Best CBM Operator in Country." This is key! His references tell me he moves very quickly and has built infrastructure time and time again. His strategy is to first purchase underutilized producing properties in the United States and Canada. Zimmerman will use his vast experience in this first strategy. Thus expect revenues which will enable the company to list on the Toronto stock exchange. They will also seek a U.S. listing at some point.
They will also look for JV opportunities to leverage Zimmerman's expertise. Zimmerman has overseen the drilling of thousands of CBM holes. I asked about his CBM success rate: 99%." END
I have been told that Zimmerman eats, sleeps and dreams Storm Cat Energy. I had predicted based upon his age and experience that he had to be pretty hungry to build his own public company. What I did not know until recently is that his wife worked 24 years for JM Huber Corporation. Come on this is incredible! She recently joined Storm Cat. J.M. Huber Corporation is one of the premier private CBM operators in the country.
BIO
Barbara Zimmerman
Barbara Zimmerman is the Director of Land for Storm Cat Energy (USA) Corporation. She has over 30 years of oil and gas experience. Most recently, after 24 years of service, she retired from J. M. Huber Corporation. As Director of Land with Huber Energy, she was responsible for direction and completion of all coalbed methane land activities in five basins: Powder River, San Juan, Raton, Uinta and Crazy Mountain Basins. Prior to Huber Energy, she was a Landman with Texas Pacific Oil Company in Oklahoma City.
She is a Registered Land Professional and has provided expert land testimony before the Colorado Oil and Gas Conservation Commission, Wyoming Oil and Gas Conservation Commission and Oklahoma Corporation Commission. Barbara is a member of the American Association of Professional Landmen, Denver Association of Professional Landmen and Rocky Mountain Mineral Law Foundation. END
When Scott Zimmerman came on board in October, 2004 this company only had Mongolia to talk about. Scott had yet to put his imprint on the company. I have been blown away at what Scott Zimmerman has been able to accomplish in but a few months on board Storm Cat. It is absolutely breathtaking. They are now even seeking AMEX listing. Mongolia has truly become merely a sideshow. Storm Cat now has a much bigger fish to fry as described below in the JV with Encana. I always thought they would JV the Mongolia properties.
Storm Cat recently announced a JV with ENCANA---here is my summary:
FOLKS Canadian ENCANA is a 38 BILLION $ Market Cap Company !!
Look what Encana said in May about finding partners with "ADDITIONAL TECHNICAL EXPERTISE." They then turned to Storm Cat with a tiny market cap.
WHY???
Storm Cat has assembled one of the very best technical team their is. The team has "145 years of geo-technical experience exploring and developing large resource-rich, and unconventional, natural gas projects." ONE HUNDRED and FOURTY FIVE Years !!!!!
The United States has been pursuing coalbed methane for the last twenty years while Canada has only been pursuing coalbed methane for about five years.
Americans made a ton of mistakes in the early days of CBM. A TON !!! The learning curve cost millions and millions of $$$$.
The Canadians are making some of the same mistakes now. The Encana property has all the infrastructure build in and Encana spent millions and millions and could not get it right.
Heck the target is 7 TRILLION CUBIC FEET OF natural gas. For each Trillion cubic feet in reserves means ONE BILLION of market cap !!!!!
FOLKS you can count on your one hand the number of public companies that have a TRILLION CUBIC FEET of natural gas from COALBED METHANE as their target !!! Read this last sentence again.
An excerpt from an article titled "Harnessing the Natural gas" May 2005 by Geodrilling international. www.galaxyenergy.com/Media_Coverage/GeoDrilling.htm
Quote: "However, the British Columbia government’s scheme for massive CBM extraction in the Rocky Mountains suffered a minor setback late last year with the announcement that Encana is backing away from its exploratory five-year pilot project north of Elkford, pending recruitment of a financial and technology partner.
Only one of its 17 wells produced commercial flows of methane and the company considers horizontal drilling may be the answer to extracting commercial quantities of gas. One diagonal hole would send spurs horizontally into the layered coalbeds.
At press time, Encana told GDI that the pilot is still ‘shut-In; adding: “Evaluation is ongoing and we continue to look for partners who can bring additional technical expertise.”
Press Release:
Storm Cat Energy Signs Farm-in and Joint Venture Agreement on a 77,775 Acre Coal Bed Methane Deal in Southeast British Columbia, Canada
Thursday June 9, 3:01 am ET
Company Files for Listing on American Stock Exchange
Scott Zimmerman, Storm Cat President and Chief Executive Officer said: "This transaction provides Storm Cat with another high quality natural gas resource opportunity and is consistent with our focused business plan of expanding our operations in Canada utilizing Storm Cat's proven drilling and completions expertise in the development and extraction of natural gas from coals.
This transaction brings our total Canadian company acreage exposure to approximately 300 thousand gross acres with an estimated gross unrisked resource potential of more than 7 TCF.
This resource estimate reflects our best approximation of Storm Cat's upside and is based on our more than 145 years of geo-technical experience exploring and developing large resource-rich, and unconventional, natural gas projects."
Ask yourself: Where can one find a company with such potential and expertise as with Storm Cat. You can't !!! 145 years of geo-technical expertise!!!!!!!!!!!!!!!!!!!!!!!!!! Storm Cat is leveraging this expertise.
Ask yourself why is Storm Cat the ONLY small exploration company invited to speak at:
EnerCom, Inc. announced today the lineup for The Tenth Oil & Gas Conference(TM), www.theoilandgasconference.com. The Conference, held in Denver Aug. 7-11, 2005, is the largest energy investment conference hosted in Denver, showcasing more than 90 companies with a combined enterprise value of more than $227 billion. This premier forum offers institutional investors, energy research analysts, retail brokers, investment bankers, energy industry professionals and high-net-worth individual investors a unique opportunity to meet and discuss important topics concerning the global oil and gas industry over five days. Participating industry leaders and key management from micro-cap to billion-dollar-plus companies in the global energy exploration, production and service sectors will discuss their future plans, opportunities and industry trends.
BIOS
Scott Zimmerman
Mr. Zimmerman is President of Storm Cat Energy. He is an innovative and highly accomplished engineer in the North American coalbed methane industry. Mr. Zimmerman joined Evergreen Resources, a premier leader in the development of coalbed natural gas, as Vice-President of Operations & Engineering in January 2002. Prior to this, as J.M. Huber’s Vice-President-Energy Sector, Mr. Zimmerman spent 20 years specializing in CBMG exploration and development in the Rocky Mountain region, with emphasis on the San Juan and Powder River Basins. Prior to J.M. Huber, Mr. Zimmerman was the Senior Production & Reservoir Engineer with Amoco Production Company. Mr. Zimmerman received a BS in Petroleum Engineer from Texas Tech University in 1979 and is a member of the Society of Petroleum Engineers.
Keith J. Knapstad
Mr. Keith J. Knapstad has joined Storm Cat Energy as Vice-President, Operations (USA). Mr. Knapstad has a strong managerial and operational background, most recently as Manager Powder River Basin Assets for J. M. Huber Corporation; a privately held corporation with extensive unconventional resource holdings. Prior to Huber, Keith worked for Marathon Oil Company/Pennaco Energy in the Rocky Mountain region managing a multi-disciplined team responsible for engineering and development of various Rocky Mountain producing areas. Mr. Knapstad is an ambitious professional with proven abilities in executive leadership, project management, reserve evaluation/ reporting, and operational expertise. Mr. Knapstad received a BS in Petroleum Engineering from Montana Tech in 1984.
Matt Humphreys
Matt Humphreys is Business Development Manager for Storm Cat Energy. He has over 30 years of oil and gas experience with an extensive background in acquisitions and new ventures. Prior to joining Storm Cat Energy, Matt was employed at Huber Energy in their New Ventures-Powder River team. Before Huber, he worked in the Business Development Group for Marathon Oil Company where he evaluated numerous unconventional gas plays in the US, and participated in successful CBM acquisitions. In 2003 Matt was a member of the National Petroleum Council’s (NPC) Gas Supply Task Group and contributed significantly to the NPC Gas Resource Evaluation of the United States. Mr. Humphreys received an MS in Geology from Rensselaer Polytechnic Institute and a BS in Earth Science from SUNY at Oneonta. He is a member of the American Association of Petroleum Geologists and the Rocky Mountain Association of Geologists. Matt is a Registered Professional Geologist in Wyoming and has written several technical publications pertaining to geology and gas plays in the US.
Brinks Investment Approach
Any startup is high risk high reward. Going into this recent SME decline I owned "free" Storm Cat shares, meaning I have previously sold enough of my position to carry the rest at no cost. This is MY approach in which I feel comfortable with. It allows me to reload on any price weakness.
As described previously I am looking for the next:
finance.yahoo.com
finance.yahoo.com
Here are two of my small exploration companies covered on this Value Thread before--Teton was a Graham Net Net situation:
Coverage: Message 21011483
finance.yahoo.com
finance.yahoo.com
Storm Cat:
finance.yahoo.com
Get quote for SMEFF in US Dollars
stockhouse.com
I have reloaded 80% of my Storm Cat position yesterday and today. IMO Storm Cat is a much, much better value today than in November, 2004. There is little comparison.
Watch Scott Zimmerman build this Company !!!!!!!!!!!!!!!!!! |
