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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Chuckles_Bee who wrote (2070)	8/26/2005 9:31:13 PM
From: Taikun	Read Replies (2) \| Respond to of 25575

If you have space in your portfolio WNWG looks good. 1. Mkt cap $15m 2. 100m bbls reserve, assume 60% recoverable, at 0.67/bbl, $67m in value 3. If they can acquire the other 500m, 300m recoverable, $180m value. Just on the first deal there should be value, the only caveats would be: A. infrastructure to develop the property, to get the product to an upgrader (in Alberta there are upgraders not sure how it works in Utah) B. scaleability, as a small rpoject may not warrant an upgrader and selling bitumen (as BVI.TO does) isn't that profitable. It probably has a place in an oil sands portfolio as a speculative position. Who knows, maybe the US becomes more energy independent through leadership by companies like this one. I will say this, the management team has no oil sands experience that I can see. This might be more speculative than CWPC. CEO is ex-Sonoran Energy.

To: Chuckles_Bee who wrote (2070)	8/27/2005 11:15:10 AM
From: Dennis Roth	Respond to of 25575

>> is the consensus that WNWG is legit and worth investing in? << No. What bothers me about the company is that besides negotiating for an option to some potential Utah oilsands, they are also in negotiations to purchase a working interest in a Barnett Shale gas play, in negotiations to lease all of the minerals underlying a 600 to 1200-acre tract 45 miles southwest of Houston, Texas, they're also buying coal reserves in Kentucky that are not currently mined. Are they an oilsands company, a Barnett Shale gas play, a Texas oil and gas play, a coal play? A small company trying to have a toe hold in every hot energy sector without the resources to develop what they get an option on. Negotiating so many different deals in so many hot sectors should produce a maximun of press releases, however. It looks like only the sale of securities keeps it afloat. I see they sold some more shares at $0.25 a share to pay for some consulting and investor relations work. See biz.yahoo.com I hate companies that pay investor relations firms in cheap stock.

To: Chuckles_Bee who wrote (2070)	8/27/2005 11:51:36 AM
From: Dennis Roth	Respond to of 25575

I like these lines in their latest 10KSB biz.yahoo.com During the fourth quarter of 2004, we had no cash reserves and relied on the support of our management and creditors to finance our operations. Additional equity funds will need to be raised in the ensuing 12 months to finance operations. Sounds like a winner to me! Should be able to start a billion dollar oilsands operation, no problemo! Other gems from the 10K. As discussed in Note 1 to the financial statements, the Company is in the development stage, and has no permanently established source of revenue and is dependent on its ability to raise capital from shareholders or other sources to sustain operations. These factors, along with other matters as set forth in Note 1, raise substantial doubt that the Company will be able to continue as a going concern. The Company completed a private placement of 2,000,000 shares of common stock on February 22, 2005 at a price of $0.001 per share, and a further private placement of 3,100,000 shares of common stock on March 22, 2005 at a price of $0.01 per share to raise a total of $33,000. more Effective April 2, 2005, pursuant to which a consulting company, which is controlled by the CEO of the Company, will be paid $13,700 per month, in cash or common shares at the option of the consultant. The consulting company will be paid an additional $10,000 as an inducement to commence work with the Company. Additional remuneration includes a minimum of 1,000,000 options to be granted annually. The agreement is for a term of five years. more Effective April 2, 2005, pursuant to which a consulting company, which is controlled by a Director of the Company, will be paid $10,800 per month, in cash or common shares at the option of the consultant. Additional remuneration includes a minimum of 800,000 options to be granted annually. The agreement is for a term of five years. Sounds legit to me! Let's bet the farm!