Josef SchachterGeocan Energy Inc.GCA.TODON'T BUYJan 02, 2008

(A Top Pick Jan 11/06. Down 30%.) 68% natural gas weighted which killed them. Still likes the story. There won't be much volume growth, but once natural gas prices firm up, there’ll be more cash flow to start growing again. A Hold.

Just hit a dry well, so stock is down. Doing about 3,500 BOE’s a day and think they can do about 4,200 next year.

They wear a heavy oil operator but are now transiting to natural gas and light oil. About 35% natural gas. Have some very high impact exploration potential in northeast British Columbia and Central Alberta. Doing about 3500 BOE's a day with about 500 behind pipe.