Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=34276 ASPEN GROUP RESOURCES CORPORATION (OTC/BB: ASRG); formerly Cotton Valley Resources OTC/BB KTNV. ** Fully Reporting (formerly AMEX listed) ** Profitable last 2 quarters under new, highly experienced management who has turned company around (see resumes below) ** Own or has interests in about 500 PRODUCING properties ** Stock is currently trading at 35-50% of breakup value, (as of 4/17/00) far below the industry norm (see Dominick and Dominick report below) ** Stock is currently trading at a Price to Book ratio of .5X compared to industry average of 3.4x (Source: Market Guide/ProVestor Plus Company Report 2/4/2000) SECTION 1: RESEARCH REPORT ON ASPEN RESOURCES : "BUY" Rating Prepared by Dominick & Dominick Securities Inc. Members of the Toronto, Vancouver & Alberta Stock Exchanges and the Investment Dealers Association of Canada, 150 York Street, Suite 1174, Toronto, Ontario M5H 3S5 - Telephone (416) 363-0201 Fax: (416) 366-8279 asgrc.com Note: this is prior to additional acquisitions that have added to their net worth SECTION 2: QUOTES FROM JACK WHEELER' S RECENT SHAREHOLDER SPEECH: ** GROWTH FROM 10 TO 500 PRODUCING PROPERTIES IN JUST A FEW MONTHS ** "On September 16, 1999, prior to the merger with East Wood Equity Venture, Cotton Valley Resources had less than Ten (10) Producing Oil or Gas Wells. Aspen Group Resources today has approximately 500 Producing Oil and Gas Properties located in Alabama, Arkansas, California, Louisiana, Mississippi, Montana, Oklahoma, Texas and Wyoming. Among the 500 Producing Properties we hold title to, Aspen Group Resources percentage of ownership interest ranges from 1% to 100%." ** EXCELLENT DRILLING SUCCESS OF BETTER THAN 98% ** "In fact, we have been commercially successful on 58 of 59 Wells since our beginning including 18 of 18 last year and already I am proud to report we are Four (4) for Four (4) in this Millenium. Aspen Group Resources continues this strategy today. We are currently evaluating nine drilling proposals offsetting our present production." ** VALUATION OF ABOUT $100 MILLION WILL GROW WITH SMART ACQUISITONS ** "Almost Five (500) Hundred Producing Oil and Gas Properties and an equivalent number of offset locations have been added to Aspen Group Resources Inventory which can be conservatively valued at up to $100 Million. What our Shareholders have seen is an increase of almost $100 million over the net worth of Cotton Valley prior to the acquisition of East Wood Equity Venture effective July 1, 1999." "Management has identified and begun negotiations on Seven (7) Acquisition Candidates which are estimated to cost approximately $20 Million with a potential future value to Aspen Group of more than $100 Million. ** BUSINESS PLAN FEATURES REDUCED RISK YET EXCELLENT GROWTH ** "We believed we could control other risks of the business and enhance our earnings by spreading our Ownership Interest among a large number of Wells and distributing our value...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=3427638013210