John Clarke

The last well that they drilled tested 3 1/2 thousand barrels. Indications from the company is that they can have 30 to 40 million barrels in the one area. Very volatile, but worth a buy.

Exposed to huge gas reserves on the East Coast of India where demand for energy is extremely strong. Good price.

Had some problems on the East Coast of Canada. Have attractive acreage and potential but at the moment, there is new management and this might be a buying opportunity.

Doesn't feel oil/gas stocks are reflecting the true price of oil. Likes their focus on North American gas. Have been very aggressive.

Although it doesn't have any production at the moment, it has had an incredibly successful drilling program.

Drilling results at the beginning of the year were poor. The production forecasts were too high. Also accumulated a fair amount of debt.

Does not cover the stock. They have been growing production. Stock has been flat for the first half of the year but is beginning to pick up. Has expanded into a full cycle exploration company and have several successful areas.

Likes the oil sands for the long term. Good management.

East Coast well had disappointing results. Has some exciting leases off Trinidad which will probably be focused on more.

A terrific story. They have a portfolio of tremendous opportunities. Besides their Indian properties they also have Bangladesh.

Good management. The drilling program of 23 wells over the next 1 1/2 years is driving this stock. The risk/reward is compelling.

Recently announced a good looking discovery off West Africa and their production is growing.

Has no production. Operates in Algeria. Has gone up because of expectations of good news in the first two weeks of May. May be too late to get in on the action.

Have just announced that they have hired a rig and will drill their Western Australia offshore properties. A good speculation.

Just got a contract to produce Bio oil from waste biomass. Has the process that can convert 100 tons of dry sawdust to 70 tons of Bio oil.