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Involved in the oil and gas industry, active investor and realistic about the market. Avid follower of oil, natural gas, gold, and silver. I don't exactly always follow others' ideas and firmly believe you should be able to make your own decisions, but if I can help you or if you have some solid... More
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  • Timberline Resources (TLR) A Golden Opportunity?
    Top Picks 2011: Timberline Resources (NYSEMKT:TLR)

    Posted Jan 1st 2011 11:30AM by Steven HalpernSteven Halpern RSS Feed
    Filed under: Newsletters, Canada, Commodities, Stocks to Buy, Best Stocks for 2011


    This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

    "Timberline Resources (TLR) is a soon-to-be gold producer that we believe has been overlooked by the market. However, we doubt it will remain overlooked for much longer," says Gene Arensberg. Incidentally, Gene's top pick last year was iShares Silver, which rose 73%.

    The editor of Got Gold Report explains, "Not exactly a household name, Timberline's management teamed up with the premier underground mining and development company in North America, Small Mine Development (SMD), to develop the Butte Highlands gold deposit just south of Butte, Montana.

    "Timberline provided the project; SMD provides the development funding and know-how to bring the gold ore out from under Nevin Hill.

    "When we visited the future mine in June of 2010 the 16-foot tall and 14-foot wide development ramp had already been excavated nearly 1,000 feet down.

    "Timberline shareholders benefit from the SMD partnership because the company did not have to heavily dilute the share structure in order to raise the development capital to get the gold ore out of the ground.

    "In addition, the company will spare investors the cost of building an expensive processing mill because the ore can be hauled to nearby existing third-party processing facilities already permitted and operational in Montana.

    "Once the development capital has been recovered through production, the partners will share the net proceeds of the gold mined at Butte on a 50/50 basis.

    "Timberline estimated in 2010 that the cost of production for the gold would be less than U.S. $500 the ounce given the richness (high grade) of the deposit.

    "With gold above $1,300 the ounce that means that the Butte Highlands project should enjoy significant positive cash flow once production, estimated to be about 50,000 to 70,000 ounces per year, begins.

    "The mine could be operational for approximately ten years at that production level, perhaps longer if there are additional resources discovered just ahead."

    Steven Halpern's TheStockAdvisors.com offers a free daily review of the favorite stock ideas of the nation's top financial newsletter advisors.

    Tags: TLR, GSS
    Jan 14 11:44 PM | Link | Comment!
  • Ecosphere (ESPH.OB) Announces New EF60 Technology to Help Energy Companies Sustainably Develop U.S. Gas and Oil Reserves
    Ecosphere Announces New EF60 Technology to Help Energy Companies Sustainably Develop U.S. Gas and Oil Reserves

    STUART, Fla., Dec. 15, 2010 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH - News), a diversified water engineering and environmental services company, today introduced its newest product, the EF60. The EF60 is a mobile high volume advanced oxidation system specifically designed to eliminate chemicals during the fracturing of natural gas and oil wells while allowing energy producers to recycle 100% of their production waters. Ecosphere Technologies, through its majority owned subsidiary Ecosphere Energy Services, LLC, has been operating its patented Ozonix technology on hundreds of wells in the oil and natural gas industry since 2008. The EF60 product development was driven by customer demand to decrease the amount of equipment footprint at the frac site while increasing mobility from frac site to frac site.

     

     

    Sanjeev Jakhete, Ecosphere Technologies, Sr. V.P. of Engineering and Co-Inventor of the patented Ecosphere Ozonix process, stated, "It is very rewarding professionally that our major energy customers have allowed us to help them eliminate chemicals during their hydraulic fracturing process with our Ozonix technology. The EF60 project has been a customer driven collaboration over the past 12 months to improve the Ozonix equipment we presently have operating in the field. The EF60 has the ability to process fresh water, flowback waters and produced waters at the variable flow rates required to keep up with the pressure pumping company's equipment during the fracturing process. The EF60 processes frac water at 60 barrels per minute (2,500 gallons per minute). Two of our EF60s will be used on each frac to eliminate the biocides and scale inhibitors our energy customers are presently using to fracture their wells."

     

     

    Aaron Horn, President of Ecosphere Energy Services, stated, "Ecosphere's EF60 is the right product at the right time for our customers. Its small footprint, high productivity and ease of moving onto and off the frac site will give our customers maximum efficiency at extremely competitive prices. The fact that it kills bacteria while preventing scale without chemicals will make it very attractive to energy companies interested in environmentally-friendly alternatives to chemicals that have traditionally been used for fracturing wells."

     

     

    See Ecosphere's product renderings of the EF60. Ecosphere Technologies does not make any warranty or representation (express or implied) with respect to the accuracy, completeness, or exactness of the draft visuals contained herein. Ecosphere URL Web Link to EF60 Images:

     

     

    http://www.EcosphereTech.com/gallery/Ozonix-EF60

     

     

    Energy production companies are discovering large amounts of natural gas and oil trapped in unconventional shale reservoirs throughout the U.S. and around the world, including Canada, Europe, Asia, and especially China. Ecosphere's patented Ozonix technology continues to work successfully in the Woodford and Fayetteville Shale regions. The Marcellus, Haynesville, Eagle Ford, and Bakken Shales will be some of the regions for expansion with the new EF60 technology. In the Marcellus Shale, smaller well pads, environmental concerns with discharging wastewater from fracturing, and the heavy truck traffic will benefit from the EF60 Ozonix System's ability to process water at the well site.

     

     

    Ecosphere was recently named by Lux Research as a "Future Star" and rated as the #1 Advanced Oxidation Process technology to unlock offshore oil and gas reserves. See Lux Research Report:

     

     

    http://www.LuxResearchInc.com/blog/2010/12/which-water-technology-will-help-unlock-offshore-oil-and-gas-reserves/

     

     

    Make sure you are first to receive timely information on Ecosphere Technologies when it hits the newswire. Sign up for Ecosphere's email news alert system today at: http://www.ESPH-IR.com.

     

     

    About Ecosphere Technologies:

     

     

    Ecosphere Technologies, Inc. (OTCBB:ESPH - News) is a diversified water engineering and environmental services company. The Company provides environmental services and technologies for use in large-scale and sustainable applications across industries, nations and ecosystems.

     

     

    For more information, please visit: www.EcosphereTech.com

    -Thought everyone would find this of interest.


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: I am long ESPH.OB due to the significant upside in the long term.
    Tags: CHK, STO, HK, NFX, MRO, USO, UNG, OAS, CLR, ESPH.OB, GSFVF.pk
    Jan 12 3:21 PM | Link | 1 Comment
  • Credo Petroleum Third Bakken Discovery (Non Operator only Working Interest)
    Credo Petroleum Completes Third Consecutive High Rate Bakken Discovery

    New Well Yields 1,367 BOEPD from 24-Hour Test on Small Choke

    Five Total Bakken Wells Drilled to Date

    DENVER, Jan. 11, 2011 (GLOBE NEWSWIRE) -- Credo Petroleum Corporation (Nasdaq:CRED), an oil and gas exploration and production company with significant operations in the Rocky Mountain and Mid-Continent Regions, today updated its Bakken drilling activities in Dunn and Williams Counties, North Dakota.

    In North Dakota's Bakken oil resource play, the company has assembled approximately 8,000 gross (6,000 net) acres in the core of the play which are located primarily on the Fort Berthold Reservation, south and west of the Parshall Field. The acreage consists of approximately 50 initial well spacing units. The company expects that more than one well will be drilled on many spacing units. The project targets horizontal drilling for the Bakken and Sanish/Three Forks formations. Vertical well depths on the company's acreage are approximately 10,000 feet and the horizontal legs are generally expected to range between 5,000 and 10,000 feet.  The company's interests range from very small to 56% depending on the size of the spacing unit. 

    To date, five wells have been drilled on the company's acreage. Three of the wells are producing and two that are awaiting completion for production.

    The company's third high rate Bakken producer was recently completed. The Petro-Hunt 3-A well was drilled on a 1,280-acre spacing unit with an approximate 10,000-foot lateral, and was fracture stimulated in 25 stages. The well flowed at a restricted rate of 1,367 barrels of oil equivalent during a 24-hour test on a small (18/64") choke with flowing casing pressure of 3,050 psi. While the well was drilled last year, the completion phase was delayed until recently due to shortages of fracture stimulation equipment. The well is located in Dunn County on the Fort Berthold Reservation about four miles southeast of the company's Petro-Hunt 17-D well. Credo owns an 18.75% working interest in the new well.

    -My Take: Nice news but it only goes to show the incredible amount of reserves located on the Fort Berthold reservation in North Dakota. Credo Petroleum only owns 6,000 net mineral acres but a good majority is in locations that should produce with significant upside. If this was a Brigham well (BEXP) you would be reading about an IP rate of somewhere around 2,000 BOPD but because of the tight choke the numbers are more accurate instead of blown out of proportion as most public companies tend to want to do. As far as the stock goes after the 25% jump today I would expect a pullback. Maybe a $15 stock if oil prices hold up but there are better opportunites out there. MRO (Marathon), Williams (from Zenergy deal), and EOG also have larger amounts of acreage in the heart of the Fort Berthold play. Check out SSN when you have time (Niobrara), on a pullback you might be able to get a bargain. However, there are others with more promise. Look at my list of Bakken Stocks.


    Disclosure: I am long OAS, MRO.

    Additional disclosure: I am also long ANFC.pk, ESPH.OB.
    Tags: FOR, MRO, EOG, OAS, SSN, WMB
    Jan 11 3:09 PM | Link | 4 Comments
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    Jan 13, 2011
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