BONTAN CORP INC BNTNF

Take A Look At Sharon Energy (SHY.V)

[ajootian]

I usually don't talk up other stocks on boards for a particular stock, and I hate it when someone else does this. But I feel bad that many of you guys got nailed with this one-trick pony ultimately not being able to do its trick, so I thought I would mention my single favorite oil & gas investment for you to consider as a way to make back what you lost on Bontan. I got nailed with Bontan too, and the sad part is I should have known better. Sharon Energy is a tiny company traded in Canada but with 3/4ths of its production in Texas. They have a terrific play going in the Wilcox formation over there, and currently have 3 core areas where they have made discoveries, with tons of development wells just waiting to get drilled. They are currently selling at just a tad over 2 x current cash flow, an absurdly low multiple. The stock is very thinly traded, and for this reason I would not be surprised that most if not all of you will pass on buying it at this time. But do yourself a favor, put it up on your radar screen, because it is my understanding that something will be coming out in the next few weeks that will clearly demonstrate the rediculous under-valuation of this stock's price, and the volume should increase significantly at that time. Although the stock price will probably get a kick in the pants from the above info being made public, the real big move in Sharon is something that will take many months to play out. But if you are patient, this stock will have a good chance of getting you back all of your money lost on Bontan and then some, even if you paid $1.50 for your BNTNF shares.