Michael Smedley EastCoast Energy (B) ECE.B-X TOP PICK Nov 22, 2006

Have discovered a great natural gas field off the coast of Tanzania. The country desperately needs supplies of gas. Very thinly traded.

Michael Smedley

Owned

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$10.230

Stock price when the opinion was issued

oil gas

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Has great, long-term, steady Eddie potential. Well managed and starting to get the gas contracts. It is one you don't have to worry about except for the horrible liquidity.

DON'T BUY

Had assets offshore Nova Scotia. Drilling has been tough with a number of dry holes. High-risk/high reward.

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Michael Smedley EastCoast Energy (B) ECE.B-X TOP PICK Nov 22, 2006

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EastCoast Energy (B)(ECE.B-X)

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