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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 (24338)	10/20/2006 6:57:58 AM
From: Crossy	Read Replies (2) \| Respond to of 37387

re: IOX.OL - Interoil ASA - 34NOK This is an interesting firm, traded in NORWAY - NOT to be confused with Amex listed "Interoil Corp" which is operating in Papua-NG (upstream and downstream - refinery and gas stations) interoil.no Valuation is pristine here, quite similar to other E&P firms on these Skandinavian markets before the investment public takes note. There are 23m shares out - which are trading at 34NOK right now - marketcap thus around $120m - fully diluted. Ticker - IOX.OL Current Quote - 34 NOK Exchange - Oslo Bourse ISIN - NO0010284318 Chart : bigcharts.marketwatch.com Newslink oslobors.no Now the company is producing 3000boepd in Columbia and Peru .. additionally they were awarded exploration acreage in 2 shallow water blocks offshore Angola Most recent presentation: interoil.no Interoil ASA is pursuing further blocks in strategic areas South-East Asia and West Africa according to the comapny. lus "interests" in Western Africa. What is more, company management appears to be a meaningful team credible petroleum-geologists with many years of experience in these areas. This company is also noteworthy in that it OWNS ITS OWN RIGS (unlike GED.L) thus controlling their destiny.. a drilling campaign this spring drilling brought flow rates up to 500boped per well and the share price climbed north of 30NOK for the first time. Interoil ASA is covered with a BUY rating by PARETO securities of Scandinavia. And while not really known, the firm is at least not an unknown object to those willing to deep a little deeper. See here.. forensiccapitalmanagement.blogspot.com best rgrds best rgrds, CROSSY