Peter Hodson Canoro Resources Ltd CNS.H-X DON'T BUY May 10, 2005

India has only 44% of domestic energy to meet their needs. They want to develop domestic sources. Have about 2000 km² under license. Low liquidity on trading.

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.

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..