Latest Stock Buy or Sell?

Gassy weighted. Stock dropped with gas price. Have 2 core assets which are fabulous potentials for a trust. Could go that route when gas prices firm up this summer.

Have assets on shore Romania which is very big upside. Have UK offshore oil. There are 9 plays in the next 12 months. If they have 1 out of 9 success rates it is a $3 stock. Have a 3/5 year time horizon.

Did about 7,300 BOE’s a day in 2004 moving up to 10,394 in ‘05 and expects 14,000. Have to build a pipeline this summer which will increase BOE’s by 4000. Very large land spread.

Just had a D & A (dry and abandoned) announcement on a well and moving the rig to a new area which has high impact potential. Have 2 rigs booked for 3 years which is a big asset. Very cheap.

Likes the story a lot. In the 4th quarter, they are getting 2 deep rigs to chase down the opportunities in the deeper sections of those waters. Buy in the low $50’s.

A fabulous story. Great management.

Just took over Tiverton Petroleums. Has heavy/light oil and natural gas. In partnership on a block of land in Egypt. Likes that portfolio approach. On his radar.