Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: El Canadiense who wrote (24734)	11/7/2006 8:32:42 PM
From: Crossy	Respond to of 37387

re: IOX.OL good to see the Angolan PSA finally signed at Interoil ! CROSSY

To: El Canadiense who wrote (24734)	11/30/2006 4:36:38 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: IOX.OL - Interoil E&P ASA - NOK 44 Great news on development and exploration from Peru and Columbia.. should add 500boepd from Peru alone. Columbia exploration also a success, production testing later.. Oslo, Norway -Interoil Exploration & Production ASA (OSE: IOX) hereby announces today that the first 4 wells drilled in our 4Q 2006 campaign, have all encountered oil and are producing more or equal to expectations. Interoil made a strategic decision to discontinue drilling in Peru and Colombia during the summer of 2006, in order to integrate all previous geological information including what was learned during our very successful Q1 & Q2 2006 drilling campaign. We had then the full support from our technical subsidiary Proseis in Zurich that have been working closely with our local companies in Peru and Colombia to plan and execute the Q4 drilling campaign. In Peru, we have drilled 3 wells in the northern portion of Block IV, the `Bronco` area. All three wells have encountered oil. Two of the wells are producing in excess of 200bopd. The third well is producing 80bopd, which is more in line with expectations. The wells also indicate that the limit of the field extends further to the North & East, which will open for more drilling locations and increase our reserve base. We will continue to drill another 4 wells in this `Bronco` area in addition to drill 2 wells towards the southern part of Block III this year. We are budgeting for drilling approx. 22 new wells in Peru for 2007. In Colombia, we have drilled 1 new exploration well West of our main producing field, based on 3D seismic recently acquired. This well will be tested next week and the indications are very good. The 3D seismic and the new well, confirms the extension of the main producing field to the West, which again will add new drilling locations and add reserves to this field. All of the main reservoir sequences were encountered, oil filled. The 3D has also indicated a possible extension of the same field to the North, and our drilling rig in Colombia is now moved to this location for the final well this year. Drilling is expected to take 10 - 14 days. We are budgeting for another 10 wells to be drilled in Colombia during 2007. For more information please contact: Fredrik von Zernichow Investor Relation Manager Tel: +47 6751 8661 Mob: +47 9927 3843 Fax: +47 6751 8660 E-mail: f.zernichow@interoil.no www.interoil.no

To: El Canadiense who wrote (24734)	12/5/2006 5:54:19 AM
From: Crossy	Read Replies (3) \| Respond to of 37387

re: ENER.OL - Ener Petroleum ASA 163NOK I think I found another great independent E&P opportunity without much political risk attached .. again on the Nordic OTC, where Interoil ASA (now IOX.OL) was initially listed, too. The metrics appear almost too good to be true: ENER Petroleum ASA, Ticker: ENER.OL (otc), marketcap of around $20m USD (!!)producing 6000-8000boepd net to them offshore NORWAY. Government approval was recently received for the underlying transaction. I had a very nice talk with their CEO, Mr. Loege. Like Interoil (IOX.OL) recently. Initially listed this spring, this firm is an Oslo OTC company. This is the best bargain I ever saw in the last year on any play without political risk attached (North Sea, US, Europe, Australia). Why ? Because only 1.1m shares outstanding, $20m (=$170m NOK) marketcap. They acuired a 45% stake in the ExxonMobile operated Jotun field.. at the time of acquisition their share was 5400boepd, now they drilled some development wells, it should be running at 7000-8500boepd now.. The recent news release sort of cleared the last formal hurdles (government approval) and finally confirms their production of around 7000boepd net to their interest. otc.nfmf.no you can get the current quote on ENER Petroleum ASA: norma.netfonds.no Right now it's around 160 NOK .. and the "OM Ener ASA" button tells you that only 1.1m shares do exist and a coouple of other goodies (like the ISIN number, lot size etc..) norma.netfonds.no Informasjon om Ener Petroleum ASA (ENER) Ticker ENER Navn Ener Petroleum ASA Børs Unoterte Papirtype Aksjer Er aktivt Ja Kan handles Ja Forrige omsetningsdag 08/11-2006 Referansekurs 155.00 Antall aksjer 1 100 000 Markedsverdi 170 500 000 Lot-størrelse 1 ISIN NO 001 027 5506 Valuta NOK Website: www.1petro.com 1petro.com 1petro.com 1petro.com Now the best is this: Marketcap is a meager NOK 200M, as there are just 1.1m shares out, costing around 160NOK each.. there are 0.6m warrants out with a strike price of north of 800NOK.. very nice valuation .. 6000-8000boepd and marketcap is a meager $20m USD. P2 Reserves around 15-20MMBO Newsfeed otc.nfmf.no this is a brownfield company and they bought their first asset from Shell.. Shell bought Enterprise Oil last year and now is shedding properties peripheral to them, one of them being Shell's 45% stake in the Jotun field, operated by Exxon Mobile.. 1petro.com 1petro.com what is more, they are pre-qualified to participate in upcoming North sea block auctions. Their interest being OIL not GAS, targeting acreage in Norway, Sweden, Denmark and the UK 1petro.com best rgrds, CROSSY