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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: El Canadiense who wrote (10573)	7/7/2005 12:40:24 PM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: ENG.V - Energulf C$1.80 I gave a 10bagger as easily possible here over the midterm but cited a speculative risk in the same instance. This is an eXPLOPRATION not a development story, so way more risk involved but the rewards may even be bigger. After all there are all people witha track record involved (Jeff Greenblum, Bill St. John, James Edwards) A 10bagger would mean U$120m marketcap. That is where SERICA is trading right now. Stratic is at $70m marketcap. ENG.V is at $35m right now. The oddity for ENG.V is that it'S sort of "upside down". Normally you have the concessions first and then do the seismic. ENG.V was able to reverse the process. This reduces risk of course. ENG.V has 2 "plays" publicly mentioned. But it appears that there is another West African play in their pipeline. They were hinting about a West African play late November last year. And this announcement didn't match with their Namibian 25% option agreement with the government, so it must be something else.. What are the next catalysts ? Each would be good for more moves up in the stock price: - announcing the PP success (no doubt to me) - exercsing the warrants - finding bellwether BIG OIL partners and announcing them - more deals (like the other West African that I sensed) - getting a good partnership agreement structure in place - drilling commencement - discovery - infrastructure plan & procurement - field development each of the stages can be good for a mighty move in the share price. IF all stages are passed succesfully then ENG.V might become more than a 10bagger. When you start that low (under $10m USD marketcap) even a 100-bagger is possible if you become a billion dollar company like DNO managed to evolve recently.. and PAR.OL soon will follow suit all the best CROSSY