Thirty Two Prospect
Pennant Energy enjoying a strong performance, analyzes the prospects for New
Investors seeking Inventory of Alberta's energy would do well to realize Pennant Energy Inc. [TSXV: PEN] a promising oil and gas trades on the TSX Venture Exchange. This company has a great interest of 15-45% cash in eight oil wells in Daly Manitobaâ ™ € s on the ground, production Gross average quality of the Murray and Bakken. These wells were going well and then plateau during decades â € "all are in plateau phase, and now only 4 years. Pennant € ™ s properties to provide fuel in Manitoba in cash to help move this exploration companyâ € ™ s Alberta and thatâ € ™ s good business model in all oil spills.
On paper, Pennant Energy is an excellent performance. The company has no debt and $ 1,500,000 in the bank. The share price of $ 0.40 seems compacted percent â € "With only 16,164,809 shares outstanding and 21,255,938 diluted only, itâ € ™ sa tight structure. The company has $ 900,000 in Flow through funds to spend before the end of the year, and have to spend that money on the ground.
When I spoke with the President Thomas Yingling on the phone recently, confirmed that two of their equipment and positions of the earth are increasing. Pennant is looking to acquire production of more oil in Alberta, and is currently examining which of the three major scale will begin drilling in the short term. Yingling classified as three these options, â € œdrill-loan, the farm opportunities for us to see the details before the end of the year. Each of these projects is between and a half and three million dollars, which is considered low risk, high profitability, drill ready projects. So, weâ € ™ re about to move from them. € ™
Another encouraging aspect of Pennant Energy is the strong position held by management involvement. Yingling, for example, personally has 1.3 million shares of the company and therefore can be expected to pursue vigorously growth. These include â € œincreasing shareholder wealth by targeting opportunities that offer the promise of oil production has been accelerated with a rapid recovery, â € and â € while expanding œparticipation drilling projects at risk of developing provided a sufficient cash flow to reduce the need to dilute the seriousness companyâ € ™ s coveted by structure.â €
An experienced venture capitalist Thomas Yingling has been named President of Pennant Energy June 25, 2003. Mr. Yingling has also served more than a decade as President of Brahma Communications Corp., an investment advisory firm specializing in corporate finance, Investor relations and strategic planning for companies that are publicly traded. In the restructuring Pennant Energy, brought James Britton, P. Geol. P. Eng a comfortable retirement to serve as a signature € ™ s Senior Geologist / Engineer and sit on the board as a director society.
Britton € ™ s wealth of experience spans over forty-five years in the oil and gas exploration and business development. During his distinguished career, has been the key to successfully commercialize more than four hundred and thirty oil wells and gas, some of which are still abundant. Jim Britton has a remarkable record of 86% drilling success commercially. He was the man who designed the oil and dynamics gas, Inca € ™ s an increase of 25 barrels of oil equivalent per day (boe / d) to more than 5,000 b / d.
But the extraction Oil is a risky business. In the spring of 2007, the companyâ € ™ s share price reached a record $ 1.07 in anticipation of the results testing Pennant € ™ s Kaybob S # 1 project. The companyâ € ™ s shares fell again two months later when Yingling said â € œ no oil in commercial quantities has led to the abandonment of this technically challenging $ 3 million, plus a good benefits €
It has been a failure, however. Pennant Lâ € ™ business model works: All Pennant € ™ s financial risk has been Austin Developments Corp. absorbed, which paid 100% of drilling costs in exchange for a 50% stake in the company. By joining model a balanced risk / reward and refueling of its wells in Manitoba, Pennant managed to keep his treasure of more than $ 1.5 million remains relatively intact and free of debt.
Last month, Austin and developments Corp. (TSX: AUL), Pennant Energy expanded its landholdings belonging Bronson to a successful bid in a September 19, 2007 sale of Crown land in Alberta. The property is subdivided Bronson Bronson Bronson in East and West being the eastern part of the newly acquired 640 acres of contiguous property located south-west of the current Bronson. The positive results of a geochemical survey and a 3D seismic survey has identified several potential drill targets on the site of 640 acres Bronson East.
Yingling said the team has everything in place to possibly drill a manufacturer of Alberta this winter. With a price of $ 0.40 per share ownership structure, oil prices and record diluted, Pennant offers a rare opportunity to participate in a ground floor opportunity for a well managed and very ambitious (production!) oil and gas junior.
This article is intended for information only and does not constitute a recommendation to buy or sell shares of any company mentioned in this document. It is based on sources deemed reliable, but can not guarantee the accuracy, express or implied. The opinions expressed in this article are those of the author except where statements are attributed to individuals other than the author, in this case, Opinions are those of the person to whom they are attributed.
About the Author
Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www.resourcex.com
3D in the Snow!
What are the employees in the nursing unit called in the U.S.?
I'm from Canada, but hopefully in the next 2 to 4 years to work in the industry of health care in the U.S. I'm trying to find a job there to see the employment outlook, but I keep running into a block when the search. Be NUCs not named in the U.S.. Apparently, some call them secretaries hospital room, but even when I put on administrative assistants a browser, I get nothing but jobs medical office assistant. NUCs are not medical office assistants; NUCs have two years of schooling, including a practicum and work in a hospital, making sure that doctors and nurses did not have bad communications between itself and the presentation order laboratory, just to name a few responsibilities. Back on Thirty years ago, which used to be referred to as head nurses, but it was a misleading title, since nurses are not technically, but in the workstation of the nurse. Anyone have any idea what I'm talking about?
Or Unit Secretary Unit Secretary.
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