resourceman

Ten Shining Arizona Stocks

Your article brings to mind my latest investment speculation--Enhanced Oil Resources,Inc. They are the company holding the Helium & CO2 reserves you mention . A small Canadian co trading on the Venture ex. under the symbol : EOR.V ( using the Yahoo quote ) . They have leased & control most of the St. Johns Helium/Carbon Dioxide Field in Apache Co. Az. & Catron Co. NM. The co has completed 15 wells of 36 drilled & has tested flow rates as high as 6.5 million cubic feet per day. Latest reserve calculations suggest a recoverable 8 trillion CF of CO2 + 33 billion CF of Helium with field life of 40 years.Now here,s the interesting part--they plan to pipeline ( yet to be built ) the CO2 east into the Permian Basin of SE NM & W Tex. where it will be sold for enhanced oil recovery in mature oil fields. There is a HUGE demand for such CO2. Third parties will build the pipeline & I believe they have already signed a deal with the Federal Gov,t to buy all their Helium ( since the Gov,t is the only buyer ). The co is well capitalized by equity offerings & several private placements. Now the real payoff --they have started buying smaller, mature oil fields in NM which will be subjected to CO2 injection for ehanced recovery of remaining oil. Their staff of Geologists& Pet. Engineers are constantly looking for potential mature oil fields to purchase. To date they have purchased 2 oil fields : Milnesand & Chaveroo and are reworking the wells to maximize current oil production. There,s a big oil company that,s doing this same thing; Denbury Resources Inc., only they don,t own their CO2--they have to buy it. This co , EOR.V, could grow into something huge. I,m in on the ground floor . Long EOR.V.

Commodities: Brief Correction or Bursting Bubble?

Nice article Andrew--I definetly agree. This is a fine time to begin nibbling on the energy & resource sectors. Wasn.t yesterday,s action an eye-opener for the nay-sayers--it was for me.