Lou SchizasCanoro Resources LtdCNS.H.VTRADEDec 23, 2003

The western Canadian sedimentary basin is not completely tapped out but is a tough place to find oil/gas. Small companies have gotten very good at this and when they move out internationally they bring good skills with them. Canoro Resources (CNS-X) and Rally Energy (RAL-T) are 2 he likes..

Had some bad well results and got out at that time. It will take at least a few quarters to build a base and get investors back in.

This is a play in India. Prefers Niko Resources (NKO-T). This one is a riskier situation as they don't have current production. Have very interesting land assets which has a good chance of having a lot of gas/oil. Risky.