Chaparral (CHAR) - Russia (Kazakhstan) oil play

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Strategies & Market Trends
Chaparral (CHAR) - Russia (Kazakhstan) oil play

An SI Board Since January 2000

Posts	SubjectMarks	Bans	Symbol
13	1	0	CHAR

Emcee: Jon Koplik	Type: Unmoderated

Introduction Market Data Compact

Chaparral Resources (CHAR) is a play on Russia (actually Kazakhstan).

It is an oil and gas exploration company, with a major bet on the Karakuduk
Field in the Republic of Kazakhstan (100 miles south of the Tengiz Field
where Chevron is currently producing and exporting over 180,000 barrels of
crude per day).

The company has a long and colorful history. It began in the early 1970's
as a penny stock (originally priced at 10 cents a share, I believe).

It eventually had a large reverse stock split; then soared on a deep
natural gas play in the Wind River Basin in Wyoming.

Then, as things were going well, there were two stock splits (totalling 8 for
1), and the stock ended up in the $10 to $20 range, roughly.

Later, as the price of natural gas declined (and the difficulties of
drilling and maintaining 20,000 foot deep wells became apparent), CHAR slid
from the $10 to $20 price range to the $0 to $1 range.

Then, new management came in, did a reverse stock split of 1 for 60, and
re-positioned the company as a Kazakhstan oil play.

The company has an informative website : chaparralresources.com

The number of shares outstanding is quite low, and the bid/ask spreads are
sometimes wide.

Allen & Co. has been involved recently as an investment banker / adviser.

Also, I think CHAR was added to the Russell 2000 some time in 1999.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
13	Have you ever tried to talk with mgmt? I sent off an email to their IR which pa	pokepoling	-	3/4/2006
12	Back to 5....with oil leveling out, and their problems I don't see anything	Skywatcher	-	1/25/2006
11	TERRIBLE NEWS this morning...just got CHARbroiled Chaparral Resources announces	Skywatcher	-	1/24/2006
10	Just an expression....CHAR is really a BB light and dark...meaning with real lis	Skywatcher	-	1/19/2006
9	I don't really know anything about BB (bulletin board) stocks (except I woul	Jon Koplik	-	1/19/2006
8	Keeping it!?!?!?!? I just gave it a direct shot with the big needle into the hea	Skywatcher	-	1/19/2006
7	Thanks for helping to keep this message board "alive." Jon.	Jon Koplik	-	1/19/2006
6	CHAR makes Forbes article.... forbes.com Good mention! Too bad this thread is de	Skywatcher	-	1/19/2006
5	In case anyone "out there" ever reads this -- I sold the last of my C	Jon Koplik	-	2/7/2000
4	Re : CHAR price action -- just remembered : crude oil at 9 year highs. Maybe t	Jon Koplik	-	1/22/2000
3	CHAR up to around $12. Anyone heard anything ? Jon. eom.	Jon Koplik	-	1/21/2000
2	Regarding Allen & Co. -- the first time I ever heard about Allen & Co.,	Jon Koplik	-	1/3/2000
1	To all - ever since the whole Russia "meltdown" in late 1998, I have	Jon Koplik	-	1/3/2000

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