NB gas plays
Here is an interesting article about ..........
Energy finds in Saskatchewan, New Brunswick,North Dakota and Pennsylvania could give investors cheap, low-risk --albeit unconventional -- entries into oil and gas now, and handsomeprofits later.
By Jon Markman
April 10, 2008
www.finance.sympatico.msn.ca/Investing/JonMarkman/Article.aspx?cp-documentid=6750399
click here
I have copied the part that would apply to us. Remember that Triangle is in partnership with us ; also CDH Corridor is drilling very close by. Should gas be found, then the risk part would the same as in any other area that is mentioned in the article. IMHO.
here is the part of the article that applies to us.
MEiffy
Crossing borders, courting risk
And for thegamblers out there who are looking for those Ultra-level wins of1,000%-plus in unconventional oil and gas? Well, obviously, you'regoing to have to take on a lot more risk and potentially wait a longtime, so consider these as only small parts of a larger energyportfolio. Venturing away from the U.S., my sources point to TrianglePetroleum (TPLM.O), which has 570,000 acres of Utica Shale north of New York in eastern Canada; Gastem (GMR.TO), which has partnered with Forest Oil (FST.N) to develop Utica Shale in Quebec; Gastar Exploration (YGA.TO), which has big acreage in Australia, among other places; Canadian Superior Energy (SNG.TO), which has projects in Trinidad, Nova Scotia and Tunisia; Corridor Resources (CDH.TO), which has projects in New Brunswick; and Petrobank (PBG.TO), which has properties in Saskatchewan.
Meanwhile, on the extraction-services side of unconventional, my sources point to small caps Allis-Chalmers Energy (ALY.N), Xtreme Coil Drilling (XDC.TO), T-3 Energy Services (TTES.O) and GeoMet (GMET.O), and to large caps Transocean (RIG.N), Oceaneering International (OII.N) and Helmerich & Payne (HP.N).
Tocapture the idea in a single company, however, it's EOG Resources allthe way, as it is the one company with major unconventional shalestakes in Pennsylvania and North Dakota. And in a somewhat ironic twistin an era pockmarked by corporate misconduct, you might be interestedin what the "EOG" originally stood for. Why that would be Enron Oil& Gas, the name the unit had before marketers figured it would be agood idea to forgo some uncomfortable name recognition.
Fine print
I'vebeen writing about unconventional gas plays for several years. It wouldbe nice if this column looks as smart as one I published back in 2004,which recommended Ultra at $10... Naturally, there is a blog coveringBakken Shale exploration news. You may also enjoy the Rocky MountainOil Journal. Chris Nelder, a former Microsoft software engineer, runs agood blog about energy issues called Energy and Capital...