Stratic Energy Corp. (SE.V)

(Market Call Minute.) Has been very unhappy with this one but there is an important well they are drilling with Sterling Resources (SLG-X), which is a top pick. If it comes in the stock should do well.

The North Sea has been a reasonably good place to play. Politically stable and the majors have largely left, so represents good opportunities. Prefers something like Oilexco (OIL-T).

This is a 2009/2010 story. They'll be bringing on production onshore in Italy. Also involved in drilling offshore Turkey and offshore Morocco. Likes the management and the portfolios they have.

Has a small portion of Sterling’s (SLG-X) Breagh well. This is a 2009 story when Italy comes into production. Potential drilling in Morocco as well as more drilling in the UK North Sea.

He will see management next week. Had success offshore Turkey. Will be drilling with Sterling Resources (SLG-X) offshore UK. Nice diversified portfolio. Raised some money so have an nice balance sheet. A lot of shares outstanding and they need to have something happen with the drill bit.

Just acquired Grove Energy. Has plays in turkey, North Sea, Morocco, Syria and Italy. As they drilled the high impact wells, there should be upside by the end of the year.

Interesting gas discoveries in Turkey. Also some projects in the North Sea. Just announced a merger with Grove Energy (GRV-X), which is a good policy.