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

To: Salt'n'Peppa who wrote (141549)	11/2/2010 4:38:05 PM
From: Ed Ajootian	3 Recommendations Read Replies (1) \| Respond to of 206318

S&P -- Endeavour (END) -- I bought a significant amount more shares of this stock today. The company is in the middle of a big transition -- the old END was a North Sea exploration company, whereas the new END will be a company with basically all of its North Sea exploration completed, with some huge development projects there, plus some great resource plays going in the US. I believe the old END had refrained from doing a reverse split because they were trying to keep themselves comparable to the other North Sea exploration companies, who typically trade on the AIM and/or TSX, and who typically have massive amounts of shares out and small share prices. This is no longer relevant, so its time to grow up. Also, all indications are that the company will start generating positive earnings by next year at the latest. Analyst consensus for '11 is for earnings of $.01 per share for the year. Once 3Q comes out, most analysts start breaking out next year's projection into quarters. Its kinda hard to break up $.01 into 4 quarters. <g> I believe analyst projections for next year's earnings/cashflow are way too low, since I don't believe they understand how much gas this company can produce for next year, and how profitable the sale of such gas could be. At $4 gas I believe their Haynesville wells would pay out in about a year or so. I was encouraged by how well the stock price was holding up in spite of this morning's announcement, so I stepped in and bought a lot of stock.

To: Salt'n'Peppa who wrote (141549)	11/3/2010 10:54:20 AM
From: kingfisher	Read Replies (1) \| Respond to of 206318

S&P can you comment on recent Terra Energy news? Do you think they are close too spin off their Montney assets into "Subco"? Terra Energy's Montney at 5.48 tcf of DPIIP 2010-11-01 10:02 ET - News Release Shares issued 102,331,222 TT Close 2010-10-29 C$ 1.15 Mr. Cas Morel reports TERRA ENERGY ANNOUNCES RESULTS OF INITIAL INDEPENDENT RESOURCE ASSESSMENT GLJ Petroleum Consultants Ltd., an independent engineering and geological consulting firm, has provided Terra Energy Corp. with an initial independent resource assessment of the company's Montney landholdings in northeast British Columbia. The report, effective as at Sept. 30, 2010, is in accordance with Section 5.9 of National Instrument 51-101 -- "standards of disclosure for oil and gas activities" and reports a best estimate of discovered petroleum initially in place (DPIIP) as defined in the Canadian Oil and Gas Evaluation Handbook, net to the company, of 5.48 trillion cubic feet (8.68 trillion cubic feet gross). The report also reports a best estimate of undiscovered petroleum initially in place (UDPIIP) of 6.42 trillion cubic feet, net to the company (7.45 trillion cubic feet gross). In combination, the DPIIP and UDPIIP numbers result in a total resource estimate of petroleum (gas) in place of 11.90 trillion cubic feet net to the company (16.13 trillion cubic feet gross). "These resource estimates establish Terra as a premier player in the Montney in British Columbia. In the company's 2009 year-end reserves disclosure, there was no Montney production and very few reserves attributed to Terra's Montney landholdings. As such, there is potential for a tremendous addition to the company's share value, in terms of future reserves additions and associated production," stated Cas H. Morel, president and chief executive officer of Terra Energy. "Given the early stage of development in the company's Montney program, we expect the 'best estimates' of DPIIP to increase significantly in the future as Terra continues to advance its Montney play. The scale of Terra's Montney play and the ultimate commercialization of this significant resource may give rise to export sales opportunities to emerging gas markets." Terra remains focused on derisking the Montney and currently has two rigs drilling in the Monias/Greater Wilder area. The company is on track with its 2010 capital expenditure plan and is drilling its seventh and eighth locations in a planned program of seven to nine vertical Montney test wells. The geological and technical information collected with each of these vertical wells is expected to serve as key data in the advancement of the Montney play and for additional resource studies on the company's Montney landholdings. Preliminary results from the vertical wells drilled to date show that the majority of the wells contain multizone potential, a promising indication as these drills will be potential completion targets in the company's 2011 capital expenditure plan and are expected to positively impact Terra's future reserves numbers. Terra holds a total of approximately 219 net sections of land in northeastern British Columbia with Montney rights, of which approximately 135 net sections are located within the highly prospective Montney gas fairway. GLJ's mandate in the report was to evaluate the DPIIP and the UDPIIP only. The report was based on the majority of Terra's Montney landholdings within the Montney gas fairway. Sections that were not included in the report were those that are located in the Montney gas fairway but are too distant from existing Montney penetrations showing potential for natural gas. Also omitted from the report were most of the sections north of the oil/gas maturation line, where the Montney may hold higher levels of gas liquids and oil. Terra's 2009 year-end reserves disclosure can be found on SEDAR. Further information regarding Terra's Montney holdings may be viewed on the company's website. We seek Safe Harbor. ........................................................... August Montney Presentation terraenergy.ca "Transfer all Montney lands and wells into 100% “Subco”, to create pure “Montney” subsidiary" Shortly after they hire GLJ Petroleum Consultants Ltd., to provide a resource assessment of Montney land.