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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (141546)	11/2/2010 9:24:14 AM
From: vireya	Read Replies (1) \| Respond to of 206338

yup heard it before

To: Paul Kern who wrote (141546)	11/2/2010 9:56:14 AM
From: Salt'n'Peppa	5 Recommendations Read Replies (2) \| Respond to of 206338

"In addition, having fewer shares outstanding will reduce the fees associated with various share-based services for our investors, as well as the company." Pretty lame that a company CEO would cite lower trading fees as a basis for his company doing a 7:1 consolidation. This has zero to do with his company's business. Not good news IMO. S&P

To: Paul Kern who wrote (141546)	11/2/2010 6:17:51 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206338

END -- CK Cooper update on 10/28: END announced that it made a natural gas discovery at its West Rochelle prospect, where it holds a 50% w.i. The well encountered a high quality reservoir, similar to Rochelle, at just under 11,000 feet. Canadian-based Nexen, Inc. farmed into the well for a 50% interest, carrying END on 50% of the well cost. • END operates the Rochelle/West Rochelle project and is drilling a sidetrack appraisal well at West Rochelle to further evaluate the prospect. END’s initial EUR for West Rochelle ranged from 15- 30MMBOE. Applying a unit valuation multiple of $12/BOE to the low end of the EUR range for END’s interest implies an asset value of $90MM or $0.52/Share. This re-affirms our NAV of $2.15/Share. • END is targeting first production for the Rochelle project at the nearby Scott Platform in 2012. Initially, the operator of the Scott Platform did not offer economical terms for processing and transport of Rochelle production. This led END to solicit a determination by the U.K. government for terms to access the Scott platform. We understand that the determination process is progressing favorably for END and we believe that the discovery at West Rochelle should help provide additional leverage in the development negotiations. • We maintain our BUY rating for END and our target price of $2.25. The discovery at West Rochelle re-affirms our NAV and is just one of a number of positive events that have occurred over the last few months to enhance the company’s outlook. In August, the company secured a credit facility and sold its interest in the Cygnus gas project, establishing liquidity to fund its remaining large U.K. development projects. And over the last few months, the company announced participation in several high IP rate Haynesville wells, which marked a nice start for the firm’s new development initiative in U.S. shale plays.