Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BQI:What are your thoughts on the shorties with current news?:)
===================================
Oilsands Quest announces independent resource estimates, announces initialization of engineering for a commercial project and provides update on reservoir testing program
Thursday June 26, 9:00 am ET
Amex: BQI
CALGARY, June 26 /PRNewswire-FirstCall/ - Oilsands Quest Inc. (Amex: BQI - News) announces its independent resource estimates for its Axe Lake Discovery and its Raven Ridge Discovery. Raven Ridge has been reclassified to a Discovery from an "area of interest". Oilsands Quest announces the initialization of engineering plans for the first 30,000 barrels per day commercial project planned to develop a portion of the Axe Lake Discovery and provides an update on its reservoir test program.
Independent resource estimate
Summary of Discovered and Undiscovered Bitumen Resources
McDaniel & Associates - October 2007 and June 2008
(Billions of barrels)
Axe Lake Raven Ridge Total
---------------------------------------------------
2007 2008 2007 2008 2007 2008
---------------------------------------------------
Estimated Discovered
Bitumen Resources
(Discovered Bitumen
Initially in-Place)
Low Estimate (P90) 1.117 1.241 n/a 0.337 1.117 1.578
Best Estimate (P50) 1.344 1.723 n/a 0.566 1.344 2.289
High Estimate (P10) 1.547 2.334 n/a 0.727 1.547 3.061
Estimated Undiscovered
Bitumen Resources
(Undiscovered Bitumen
Initially in-Place)
Low Estimate (P90) n/a n/a n/a 0.493 n/a 0.493
Best Estimate (P50) n/a n/a n/a 1.949 n/a 1.949
High Estimate (P10) n/a n/a n/a 3.523 n/a 3.523
Estimated Discovered
plus Undiscovered
Bitumen Resources
(Discovered and
Undiscovered Bitumen
Initially in-Place)
Low Estimate (P90) 1.117 1.241 n/a 0.830 1.117 2.071
Best Estimate (P50) 1.344 1.723 n/a 2.515 1.344 4.238
High Estimate (P10) 1.547 2.334 n/a 4.250 1.547 6.584
McDaniel & Associates Consultants Ltd. has conducted an independent resource estimate of a portion of Oilsands Quest's permit lands, based on data obtained from the results of drilling up to March 26, 2008 (the end of the winter 2007/08 drilling program) and other sources and including the physical examination of cores and geophysical logs. McDaniel & Associates has reported the estimates of discovered and undiscovered resources (see Definitions section below) for a portion of the Axe Lake Discovery and a portion of the Raven Ridge Discovery. The estimates are effective as of April 30, 2008 and were prepared as of June 23, 2008. The table above includes a comparison to the independent resource estimate of the Axe Lake Discovery prepared by McDaniel & Associates in October 2007 based on the results of the winter 2006/2007 drilling program.
The estimates reflect Oilsands Quest's 100% interest in the Axe Lake and Raven Ridge Discoveries and represent only those resources that have been independently evaluated. Independent estimates of the resource potential of Oilsands Quest's other lands will follow when complete.
The area of the discovered resource estimate within the Axe Lake Discovery covers approximately 41 sections of Permits PS00208 and PS00210 located within Townships 94 and 95, Ranges 24 and 25W3 in Saskatchewan, approximately 115 kilometres (69 miles) northeast of Fort McMurray. The area of the discovered resource estimate within the Raven Ridge Discovery covers approximately 10 sections located within Townships 93 and 94, Range 1W4 in Alberta, directly to the east of the Axe Lake Discovery area (plus 38 sections for the undiscovered resource estimate). For a map of the Axe Lake Discovery and Raven Ridge Discovery areas, please see the company's website.
The total area covered by these discovered resource estimates represents approximately 4.6% of Oilsands Quest's total contiguous permit and license lands (discovered plus undiscovered represents approximately 8%). Other permit, license and lease lands, including areas that Oilsands Quest considers highly prospective based on extensive seismic and other data, have not been evaluated at this time.
Bitumen resources within the portion of the Axe Lake Discovery area reviewed by McDaniel & Associates have been classified as discovered resources due to the density of delineation drilling on this property. Bitumen resources within the portion of the Raven Ridge Discovery area have been classified as both discovered resources and undiscovered resources, as much of the Raven Ridge area remains undrilled at this time (see definitions of "discovered resources" and "undiscovered resources", and related definitions, below). With respect to the discovered resources, there is no certainty that it will be commercially viable to produce any portion of the resources. With respect to the undiscovered resources, there is no certainty that any portion of the resources will be discovered and, if discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
These estimates of discovered and undiscovered bitumen resources have not yet been sub-classified based on recoverable volumes, as additional reservoir data is required to determine the optimal in-situ exploitation method for the Axe Lake and Raven Ridge Discoveries. The estimates have been prepared and presented in accordance with the Canadian standards set out in the Canadian Oil and Gas Evaluation Handbook ("COGEH") and National Instrument 51-101 ("NI 51-101"). In December 2007, NI 51-101 was amended to provide further guidance on standards of disclosure of this nature. A key element of the new amended standards prescribes that estimates of bitumen resources must relate to the most specific categorization of resources, as set out in the COGEH and must identify what portion of the estimate is attributable to each category. Under the COGEH classification system, "discovered resources" are sub-classified further as "contingent resources" and "discovered unrecoverable resources" (with respect to "undiscovered resources", the equivalent sub-classification is "prospective resources" and "undiscovered unrecoverable resources"). The determination of which portions of the discovered and undiscovered resources at Axe Lake and Raven Ridge can be deemed to be contingent and prospective, respectively, (i.e. "recoverable") and which portions of the estimates are deemed to be unrecoverable at this time requires that the evaluator prepare an estimate of this proportionate breakdown (see definitions of "discovered resources", "undiscovered resources", "contingent resources", "prospective resources" and related definitions below).
McDaniel & Associates is of the opinion that significant portions of the discovered and undiscovered bitumen resources at Axe Lake and Raven Ridge are potentially recoverable using existing demonstrated technologies. However, insufficient reservoir data exists at this time to allow McDaniel & Associates to estimate the quantities of recoverable and unrecoverable volumes underlying the current estimates of discovered resources and undiscovered resources at Axe Lake and Raven Ridge. Oilsands Quest and McDaniel & Associates expect that additional data will be derived from the reservoir test program Oilsands Quest intends to conduct during 2008/2009. The additional data to be gathered from this reservoir test program will include reservoir pressure, additional permeability and mobility data, flow data and bitumen/till interface behavior. McDaniel & Associates advises that this data is required in order to properly estimate the proportions of recoverable and unrecoverable volumes. It is expected that when this data is available, Oilsands Quest will engage an independent qualified reserves evaluator to provide the further sub-classification of the discovered and undiscovered resource estimates at Axe Lake and Raven Ridge as contingent resources and prospective resources.
Similar to other bitumen accumulations within the eastern portion of Alberta, the Axe Lake and Raven Ridge Discovery areas lack a distinct overlying shale zone. McDaniel & Associates is of the opinion that the absence of a distinct overlying shale zone may preclude the use of certain high-pressure in-situ recovery methods, but that the quality of the reservoirs and high bitumen saturations present at the Axe Lake and Raven Ridge areas provide the potential for extraction using a number of existing technologies as well as other low pressure in-situ extraction methods currently in pilot testing within other areas of the Athabasca Oil Sands region. At this time, Oilsands Quest is actively engaged in executing its reservoir test program and related laboratory simulation studies that will support the technical review and analysis of the suitability of each of these methods for extraction operations at Axe Lake and Raven Ridge. Potential extraction methods that may be applicable to Axe Lake and Raven Ridge include low-pressure SAGD operations, enhanced SAGD, SAGD combined with methane injection to manage steam-chamber growth, and electro-thermal heating. Oilsands Quest has received interim results from laboratory simulation and computer simulation studies that indicate there is good potential for bitumen recovery using hot water and/or steam and steam/solvents. Further, these studies indicate that it is reasonable to expect that steam pressures can be managed and controlled to ensure that penetration above the McMurray bitumen-containing formation is limited and that heat losses to the overburden would be minimal. These simulation studies are being conducted to assist in the specification of pressure and temperature conditions that will form part of the on-site reservoir test program later this year.
Preliminary project engineering
Oilsands Quest and its engineering consultants have embarked upon preliminary engineering of the first 30,000 barrels per day commercial project planned for the development of Axe Lake in the specific area where the first series of reservoir tests are being conducted. Management also continues to conduct advanced economic feasibility and risk assessment studies for full commercial project development, including assessment of a "fast-track" approach to a first prospective project, which could result in completion during 2012 or 2013. Oilsands Quest has also commissioned a study of infrastructure and markets by Purvin & Gertz Inc. to assist in its planning process. Development of a commercial project remains subject to regulatory and other contingencies such as successful reservoir tests, board sanctioning and financing.
Current status of Axe Lake Discovery reservoir test program
Site preparation and construction of facilities for Oilsands Quest's reservoir test program at Axe Lake commenced in January 2008 and were halted through April and May for spring break-up. Activity recommenced in June 2008 and is ongoing at present. The large steam generator Final Acceptance Test was successfully concluded and the steam generator is being transported to site. Other major equipment will also arrive on site during facilities installation which commences first week of July. Steam and hot water injection into the reservoir on Test Site 1 is planned for late summer 2008.
Phase One of the Axe Lake Discovery reservoir test program will consider up to three test sites (with varying overburden and pay thicknesses) with one vertical injection well and five vertical observation wells per test site. The purpose of Phase One of the Axe Lake test program is to measure resource-specific heat and fluid movement under specific operating conditions on a field scale to complement the company's ongoing simulation and laboratory analysis studies. Phase One has received regulatory approval. Current plans call for placement of horizontal wells in late summer 2008, with steam and hot water injection to begin following initial results from the Phase One program at Test Site 1 subject to the requisite approvals.
Phase Two of the test program will consider expanding the three test sites with horizontal wells and/or injecting mobilization agents other than steam. The purpose of Phase Two is to evaluate and analyze information gathered from Phase One regarding mobilization with steam and/or hot water and to measure field-scale response using horizontal wells. Phase Three of the Axe Lake Discovery test program is currently in the scoping phase; options being considered range from a continued reservoir test program to a technology feasibility pilot to a full commercial demonstration project.
Definitions
Discovered resources (equivalent to discovered bitumen initially-in-place) is defined within the COGEH as that quantity of bitumen that is estimated, as of a given date, to be contained within known accumulations prior to production. The recoverable portion of discovered resources is referred to as production, contingent resources and/or reserves; the remainder is classified as unrecoverable. Discovered resources are the summation of all bitumen present, without qualitative or quantitative assessment to determine the exploitable portion of that resource.
Undiscovered resources (equivalent to undiscovered bitumen initially-in-place) is defined within the COGEH as that quantity of bitumen that is estimated, on a given date, to be contained in accumulations yet to be discovered. The recoverable portion of undiscovered resources is referred to as prospective resources; the remainder is classified as unrecoverable. Undiscovered resources are the summation of all bitumen thought to be present on undelineated lands, without qualitative or quantitative assessment to determine the exploitable portion of that resource.
Contingent Resources is defined within the COGEH as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political, and regulatory matters, or a lack of markets. It is also appropriate to classify as contingent resources the estimated discovered recoverable quantities associated with a project in the early evaluation stage. Contingent resources are further classified in accordance with the level of certainty associated with the estimates and may be sub-classified based on project maturity and/or characterized by their economic status.
Prospective Resources is defined within the COGEH as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective resources are further subdivided in accordance with the level of certainty associated with recoverable estimates assuming their discovery and development and may be sub-classified based on project maturity.
Discovered unrecoverable resources (equivalent to discovered unrecoverable petroleum initially-in-place) is defined within the COGEH as that portion of discovered resources which is estimated, as of a given date, not to be recoverable by future development projects. A portion of these quantities may become recoverable in the future as commercial circumstances change or technological developments occur; the remaining portion may never be recovered due to the physical/chemical constraints represented by subsurface interaction of fluids and reservoir rocks.
The discovered and undiscovered resource estimates described in this news release were determined in accordance with the COGEH using the following mutually exclusive categories:
- Low Estimate: This is considered to be a conservative estimate of the
quantity of bitumen that exists within the accumulation, which under
probabilistic methodology reflects a P90 confidence level.
- Best Estimate: This is considered to be the best estimate of the
quantity of bitumen that exists within the accumulation. Under
probabilistic methodology, this term is a measure of the central
tendency of the uncertainty distribution (most likely/mode,
P50/median, or arithmetic average/mean).
- High Estimate: This is considered to be an optimistic estimate of the
quantity of bitumen that exists within the accumulation, which under
probabilistic methodology reflects a P10 confidence level.
Canadian disclosure standards
In reviewing this news release, it is necessary to recognize the differences between resources (which are reported as required under Canadian law) and reserves (which are not being reported). Investors are cautioned that the discussion of the report in this news release does not contain any information about deposits that would qualify as deposits of "reserves" under SEC Securities and Exchange Commission Industry Guide 7. Further, the terms "discovered resource" "undiscovered resource" and related definitions are Canadian terms defined in COGEH. COGEH standards differ from the terminology and standards set forth in Industry Guide 7 and, as a consequence, the information contained in this press release may not be comparable to information provided by other similar companies in the United States. Investors should not assume that any part of the deposits discussed in this news release that are categorized as "discovered resources" or "undiscovered resources" according to Canadian standards will ever be considered "reserves" under applicable Canadian or U.S. standards. The commercial viability of discovered and undiscovered resources is affected by numerous factors which are beyond the Company's control and which cannot be predicted, such as the potential for further financing, environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues. The estimates of discovered and undiscovered resources for the lands described in this news release do not reflect the same confidence level for Oilsands Quest total lands.
About Oilsands Quest
Oilsands Quest Inc. is aggressively exploring Canada's largest contiguous oil sands land holding by applying its technical expertise to develop multiple global-scale discoveries. The company (www.oilsandsquest.com) is the originator of Saskatchewan's emerging oil sands industry.
Let's follow up to see if the shorties -
anti-Americans will dive for cover -
or continue their 666red suicide actz? -
ex...
Oilsands Quest Inc $ 6.12
BQI -0.49
Short Interest (Shares Short) 14,706,100
Days To Cover (Short Interest Ratio) 4.9
Short Percent of Float 8.22 %
Short Interest - Prior 13,116,200
Short % Increase / Decrease 12.12 %
Short Squeeze Ranking™ 58
imo. tia.
http://www.888c.com/
God Bless America
Oilsands Quest: Looking to Break Out (Jim Cramer Edition) -
As I wrote on June 3rd, Oilsands Quest (BQI) has now broken out. I'm not an extreme technician and not looking for any kudos, but I am happy for the recognition this powerhouse has finally achieved.
You see, the world clearly needs oil and the companies that are doing their part to solve the problem should be richly rewarded for their efforts. Oil is not water and when it is burned it is gone forever. That's a fact any smart investor can take as truth. What can't be taken as truth until confirmed are terms like speculation and Peak Oil. Plain and simple, oil burns, it's finite, and get used to it!
So, basing an investment on the confirmed truth that oil is finite should yield you some serious gains and that's where Oilsands Quest comes into play. They have the oil, 10 billion barrels of it, and they have the attention as of this week.
Even the street barker Jim Cramer has finally come to recognize this little darling of Saskatchewan. On Friday I had the extreme displeasure of watching him return from break sitting in a mini sand box with oil pylons in it. I got a little bit sick in my mouth when he mentioned my little darling and now I'll tell you why.
He tends to be a little scuzzy and uniformed at best. Here he is pumping my favorite and deepest investment and he doesn't even get the facts straight. A great pumper he is but a fact checker he is not! Ask the kind folks on the IV board if you want facts. That is a community of the most educated and dedicated investors I have ever seen. Pardon my digression and forgive my ramblings I'll proceed to the meat. Jim, you uninformed pumper, Oilsands Quest has had an independent evaluation of Axe Lake. McDaniels and Associates had responsibility for this evaluation and you can read it here.
Wait, I'll make it easy for you - this represents a small portion of OIlsands Quest's land. From the report:
Discovered Resources of Original Bitumen in Place
* Low Estimate (P-90): 1.117 billion barrels;
* Best Estimate (P-50): 1.344 billion barrels; and,
* High Estimate (P-10): 1.547 billion barrels.
Jim, I'd take the high side and maybe multiply it a couple of times If I were you. Suddenly, your little "real estate play" has a third party confirmation and real oil. Make that conservatively 10 billion barrels of oil. But hey Jim, I got a deal for you, you buy it for the real estate and I'll be buying for the oil. Your valuation might factor a 153% increase where mine is looking for 400% at least. And regarding your comment that there is now news coming....oh Jim, how could you? News is coming believe you me. It's coming Jim and it's going to involve a lot more than real estate.
Think Jim, think!
* Winter drilling results
* Joint Venture agreement
* Reservoir testing
* Axe Lake 1,2, and 3
* Ravens Ridge
* Wallace Creek
* SAGD maybe better
* Petrobank donut hole
* Buyout/Merger
Oh Jimmy boy, I'm probably speaking greek to you, but I don't want to make it too easy. Do your homework you owe it to your investors. What if the cap rock issue was really an issue? It's not of course but would you know?
Here is what I believe to be true (not confirmed):
* Oilsands Quest is undervalued by several billion dollars
* Oilsands Quest has 10 billion plus barrels of oil
* Joint Venture agreement is probably sooner that most think
* OIl ain't gettting any cheaper
There is so much upside to this incredible company and management team that it's not possible to cover it all here. As usual, I suggest investors to do their own due diligence before buying.
Disclosure: Long
Robert Ennis
Add to Your Watchlist About this author:
* Bio & more articles
Become a Contributor Submit an Article
Click here to find out more!
back to yahoo finance add to my yahoo back to cake
This article has 2 comments! Add yours below...
http://seekingalpha.com/article/82330-oilsands-quest-looking-to-break-out-jim-cramer-edition
well said -
imo. tia.
God Bless
Even if Oilsands Quest had no oilsand, it doesn’t much matter - Well. I agree with you -
Ex.
Cramer looks at BQI as a real-estate trade.
The company just has to fetch the same price for
its Saskatchewan land that Ivanhoe Energy
IVANHOE ENERGY INC
IVAN
3.53 -0.20 -5.36%
NASDAQ
Quote | Chart | News | Profile
[IVAN 3.53 -0.20 (-5.36%) ] recently shelled out for
leases in the nearby Alberta sands to boost BQI stock 156%.
Now Cramer’s not saying BQI will jump that much.
But it’s not outside the realm of possibility, he said.
And even if BQI only gets 50% of what Ivanhoe paid, the
stock still pops to $8.34 from its present level of $6.24.
http://www.cnbc.com/id/25283114
God Bless
I was talking to another guy that owns this and he was wanting somebody to buy this out soon, but I don't really like that as for what I see for us here and the potential % we can make in the near future, 1-3 years forward...JMHO and GLTA
Canada’s oil sands are an important resource -
the deposits contain as much as 173 billion barrels -
of economically viable oil,
or enough oil to meet the country’s current energy needs
for the next 500 years.
let us look at what we have to be developed -
as strategic current investment -
http://www.capp.ca/default.asp?V_DOC_ID=688
http://www.capp.ca/default.asp?V_DOC_ID=716
dd..
what we have and is current on the table agenda..
http://www.oilsandsquest.com/our_projects/index.html
http://sec.edgar-online.com/2007/11/08/0000950134-07-023180/Section7.asp
imo. tia.
God Bless America
Nice charting NY...TY and GL
Oilsands Quest (BQI) $6.15 Change: 0.34 (5.85%) -
Prev Close: 5.81
Open: 5.93
Bid: N/A
Ask: N/A
Day's Range: 5.78 - 6.18
52wk Range: 2.37 - 6.38
Volume: 6,901,532
16:46:19 EDT
Jun-18-08
It gaped higher, moved higher but
went back to fill the gap -
now it's higher again -
with nice volume -
imo. tia.
dd....
http://www.oilsandsquest.com/
God Bless America
BQI fundamentals and TI excellent -
correction done to lower LT trendline -
let's move back to the top LT trendline -
what more can we ask for -
http://www.oilsandsquest.com/our_projects/sask_oil_sands.html
Imo. Tia.
God Bless America
Oilsands development in Saskatchewan -
Jun 2007 [Oil & Gas Inquirer]
Godfrey Budd
Saskatchewan has been on a steady upward economic trajectory for the last few years in no small part because of a series of successes in its oil and gas sector. Improved technology for cold heavy oil production in the Lloydminster region helped boost the province's oil production through the late 1990s into the 2000s. Natural gas production is poised for a gradual decline, oil production in recent years has held steady around the 420,000-bbl/d mark. About half of this is heavy oil.
Now, what is perhaps the last great imponderable of the province's petroleum resource-the bitumen deposits of northwest Saskatchewan-is being charted through core drilling and seismic programs operated by Oilsands Quest Inc. Part of the vast oilsands of northeastern Alberta that extends eastward across the provincial border, it is located some 200 km north of Lloydminster and beyond. Although there has been plenty of skepticism about the extent of the resource, some estimates have pegged it as high as 30 Bbbl of recoverable bitumen-if the right technology is applied.
Oilsands Quest, which merged with CanWest Petroleum Corporation last year, announced May 7 this year accelerated time lines for development of its Axe Lake discovery area, in the wake of two successful winter drilling seasons in the west-central part of a land position of 508,000 acres.
The company spent $10 million in winter 2005-2006 setting up infrastructure and drilling 24 holes. Of these, 19 intercepted McMurray bitumen. In the best three-section block, eight holes drilled had an average pay thickness of 19 m with one having a pay thickness of over 28 m. Grades of bitumen saturation by weight of up to 18 per cent were encountered. Company executives were encouraged, and firmed up plans for a second winter of drilling.
Oilsands Quest's land position in Saskatchewan extends from Township 92 to 100. Most of the holes drilled in winter 2006-2007, however, were in what the company refers to as the Axe Lake discovery area, which includes the north half of Township 94 and the south half of Township 95.
The company had as many as eight coring rigs drilling in the area, as well as six seismic rigs operating, and spent about $40 million over about five months on an aggressive winter drilling program and had drilled 150 holes by the end of the season. This program included 34 holes outside the Axe Lake area and 100 square miles of seismic work.
At peak activity last winter, there were about 200 workers running the rigs and doing related work. The Axe Lake area is in a remote region of northwest Saskatchewan, about 100 km northeast of Fort McMurray. Workers were flown in on bush planes that landed on a frozen lake. The extensive lease area required a 300-plus km network of ice roads to be built.
The company was able to save some money by hiring locally from nearby First Nations communities, and taking advantage of avoiding some of the higher costs associated with work on the Alberta side of the border.
The winter activity on the Oilsands Quest lands also included extensive electromagnetic and magnetic surveys that began in early February.
Oilsands Quest management's preliminary estimate of original bitumen resources in place (OBIP) in the Axe Lake discovery area suggests there could be as much as 1.5 Bbbl OBIP. A March 26 press release includes two sets of estimates: a high estimate pegs the OBIP at 1.25 to 1.5 Bbbl, while a best estimate pegs OBIP at 0.6 to 0.75 Bbbl. The estimates, notes the release, are in accordance with the Canadian Oil and Gas Evaluation Handbook (COGEH) under NI 51-101 standards of disclosure for oil and gas activities.
"Axe Lake represents our first discovery. We don't know what the best one will be. It has not been drilled extensively yet. We've done some exploration-34 wells-and seismic outside the Axe area. A lot of exploration data suggests further prospectivity. There are other projects out there. We have established a solid base, and we are now working to establish a commercial operation," says Christopher Hopkins, president and CEO of Oilsands Quest.
In an interview, Hopkins notes that Suncor's Firebag project is just over 20 miles west and EnCana Borealis is "within six miles."
The area of the OBIP within the Axe Lake discovery covers about 36 sections.
The find was made near where Shell Canada found bitumen at a thickness of about 20 m and a depth of 150 m in the 1970s. It was likely judged as not technically feasible to exploit at the time.
Oilsands Quest has announced timelines over the next 12 to 18 months for a number of activities in preparation for a commercial thermal in situ operation. The company has begun a process to assess in situ recovery alternatives. "We are now evaluating what recovery methods are best. We are looking at the next generation of technology, and will take part in a review of the new technologies," says Hopkins.
One of the first things that were done once management was convinced that the drilling program had hit pay dirt was to buy more land. Oilsands Quest spent about $25 million on 67,000 acres-about three townships-of contiguous land on the Alberta side. The Axe Lake discovery area comprises just under 14 per cent of the company's land position in Saskatchewan.
The depth of the Axe Lake resource appears to make it suitable for thermal in situ recovery. The depth of the bitumen pay zone, Hopkins points out, is comparable to other thermal in situ projects in the McMurray formation. Axe Lake depths are in the 185 to 200 m range. Suncor's Firebag is about 250 m deep, the OPTI/Nexen's Long Lake is about 210 m deep, and Husky's Sunrise is 200 m down, says Hopkins.
Although the government of Saskatchewan has introduced a series of measures in its fiscal regime for oil and gas development in recent years, and is now generally regarded as highly competitive, it lacks a current framework for oilsands development. But that's not surprising. As recently as last year, Saskatchewan government officials were pointing out that little exploration work had been done in the region, and that it would be premature to make any strong statements about its resource potential.
To date, the Oilsands Quest permits have been covered under the province's Oil Shale Regulations of 1964. The Saskatchewan government has begun a review and is expected to finalize the terms of a regulatory and fiscal regime for oilsands development soon.
According to a report from Genuity Capital Markets, an investment banking firm, "There is speculation that these terms will be comparable to Alberta's terms."
Oilsands Quest, which has a market capitalization that has been fluctuating around the $700-million mark, has come a long way fast. Beginning in fall 2004, Oilsands Quest, then a subsidiary of CanWest Petroleum, focused on an oilsands exploration program in Saskatchewan. This quickly became the company's major project. Exploration drilling began in late 2005. When the merger between the two companies was finalized late last year, the senior management team of Oilsands Quest became senior management overall under the name Oilsands Quest Inc.
The company is pursuing activities on several fronts to develop its resource. Work is already underway to evaluate drilling data, perform lab studies for bitumen recovery, conduct economic and risk assessment studies, and develop engineering timelines for a pilot plant. Also, in short order the company will undertake reservoir modelling, drill test wells to confirm lab work, and begin negotiations for a joint venture partnership to develop the Axe Lake asset. Hopkins comments, "The challenge is for people to understand how busy we are."
http://investorshub.advfn.com/boards/board.aspx?board_id=6668
Oilsands Quest (BQI) $5.40 Change: $0.66 (13.92%)
Volume: 7,331,675
16:04:07 EDT
Jun-13-08
Technical breakout :)
http://investorshub.advfn.com/boards/board.aspx?board_id=6668
God Bless
This is one of the rocks of my gathering of stocks...GLTA
Oilsands Quest Inc (BQI) $4.90 $0.43 (+9.62%)
Volume: 2.91 m
11:12 AM EDT Apr 22, 2008
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Oilsands Quest Inc (BQI) $4.48 $0.19 (+4.43%)
Volume: 3.25 m
3:59 PM EDT Apr 21, 2008
After Hours: $ 4.50 $0.02 (+0.45%)
Volume: 5.23 k
5:56 PM EDT Apr 21, 2008
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Imo. Tia.
God Bless
Nybob,
your numbers are close to what I thought.. Don't see the oilprice going down. In fact I think we will see 200 dollars within 2-3 years..
I was invested in Canwest some years back when it hit 8 dollar. (bought at 3,50 dollar). on the way back I sold at 6 dollar. Now I am acumulating again a position.
I did not inform myself at that time, why canwest was coming back so much... Was not doing a lot of fundamentals. any word on that what happened....and if it could happen again?
thanks, LT
How to Make a Fortune in Oil Right Now -
My name is Matt Badiali. I'm a geologist.
I have a Masters of Science (M.Sc.) in geology and more than 13 years of industry and research experience. My specialty is resource companies.
You see, for years I wanted to take my expertise in resource companies and help people understand the business... and make some good money at the same time. So, a few years ago I joined a Florida-based investment team, led by a PhD in finance and former hedge fund manager, and a former CitiGroup bond trader.
I learned their trade. And they learned a bit of mine.
And – for the past two years – I've leveraged my knowledge of the industry to help tens of thousands of everyday American investors make money by investing in energy resources and precious metals plays.
I thought I'd seen it all...
But this discovery in Canada really is unprecedented.
For such a small company to have this much untapped oil sand – is truly amazing.
If you're as excited about this opportunity as I am, then you should read the Special Report I just compiled, called: Canada's Untapped Oil Sands Province.
In this report, you'll learn the full details on this exciting opportunity including Canada's newest and untapped oil sands region... and the penny stock about to drill it.
Any day now, when this company announces the results of the land survey, you'll see this story on the front page of the Wall Street Journal... and talked about every hour on CNBC... until this stock has gone up so much that the big profits will be off the table...
How do I know this?
Well, take a look at what's happened with the oil sands boom in Alberta, Canada.
When this story first broke, it was the most exciting piece of financial news in the world... Very quickly, the oil sands story went public on a massive scale, with CNBC airing segments every 30 minutes... news helicopters swarming Alberta, reporters everywhere, talking to the people getting rich there... interviewing the crews working round the clock...
A single stake in Alberta's oil sands industry before the story hit the mainstream press would have made you an absolute fortune.
Just look at what happened to the companies involved:
• Suncor 3,393%
• Western Oil Sands 1,564%
• Canadian Oil Sands Trust 1,605%
• Nexen Inc. 670%
• Imperial Oil 546%
• Statoilhydro 420%
• Encana 300%
• Shell 200%
• Exxon 100%
Even the large-cap oil stocks, like Exxon and Shell, doubled in value!
It's important to note that the big gains have already been made in Alberta.
Remember, Saskatchewan's oil sands are still a ground floor opportunity.
Again, I can't stress this enough: This is one of those rare opportunities in the investment world in which you have an opportunity to invest before the situation is covered heavily by the mainstream press.
But I don't think it will remain a secret for long...
To take advantage of this situation, you need to act right away. And to help you do it, I'd like you to have access to my recent report FREE of charge, immediately.
My Special Report, Canada's Untapped Oil Sands Province will show you how...
The only thing I ask in return is that you take a no-risk trial subscription to my monthly oil advisory, The Oil Report.
Short snibbet from...
THANK YOU FOR READING DAILYWEALTH…
TO VISIT US ONLINE:
www.dailywealth.com
TO MAKE SURE YOU RECEIVE YOUR DAILYWEALTH, CLICK HERE.
MEET THE EDITORS
Dr. Steve Sjuggerud
Tom Dyson
http://investorshub.advfn.com/boards/board.asp?board_id=6668
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28630977
Shell's secret oil sands project -
Back in the 1970's Shell–the oil industry giant–became
interested in Canada's oil sands. They leased 2 million acres on the Alberta/Saskatchewan border – and conducted tests on both sides.
Take a look at the map to the right and you'll see what Shell was excited about...
Drill samples found large quantities of oil on both sides of the border!
Problem was, the Saskatchewan government didn't have the regulatory framework and work force infrastructure in place–the necessary roads, pipelines, tax-structure and government royalty incentives.
Alberta did.
So, Shell dropped their Saskatchewan leases and began operations in Alberta.
Now, for more than 40 years Saskatchewan has sat idle–untapped–chock-full of rich oil sands.
The question is...
Will the Saskatchewan government ever let anyone tap its oil sands?
Well, what almost no one in the investment community knows is that -- after nearly 4 decades -- the Saskatchewan government has finally granted access to this region.
In fact, one small company now controls the majority of this land -- one of the largest untapped oil sands fields on Earth.
So... How much oil are they sitting on?
Let me show you...
How much oil is in Saskatchewan?
Preliminary estimates are 60 BILLION barrels of oil.
Thing is, less than 5% of Saskatchewan's oil property has been fully explored! So there could potentially be even more undiscovered oil!
That was all the Saskatchewan government needed to hear...
An oil sands industry means huge benefits to Saskatchewan's economy – more jobs, new business revenue, and tax dollars.
Saskatchewan Opens Up its Rich Oil Sands Land
"The Government of Saskatchewan Industry and Resources... has introduced new fiscal and regulatory changes to support development [of its oil sands]."
--DOBmagazine
So, on November 4, 2007, Saskatchewan finalized the necessary framework and infrastructure that would allow companies to extract oil from the province's rich oil sands region.
And here's the exciting part...
The government leased the majority of this land to a small, publicly traded oil company.
The map below shows how much land they acquired in the deal.
That's more than 707,700 acres of oil-rich land. In fact, it's the single largest oil sands holding in Canada (that's including Alberta's oil sands projects).
Government Relations Minister Harry Van Mulligen called the sale historic and said it "heralds the beginning of a potential new oil sands industry in Saskatchewan."
Right now this firm is in the final stages of Saskatchewan's biggest land survey ever.
"Saskatchewan's first oil sands play has been launched, on a remarkably large geographic scale by a strikingly small team."
--DOBmagazine, a Canadian Oil Trade Journal
They're conducting tests to determine how much oil is buried beneath their land.
The results are due back any day now.
As I mentioned, because I've been involved in the oil industry for the past two decades I can tell you exactly what's going on–and how you can take advantage of the situation...
When these pivotal results are announced I believe early investors will make an absolute fortune–the same thing happened in Alberta a few years ago. Now it's about to happen in Saskatchewan.
And it's never been easier for you to get a piece of the deal...
The Canadian oil sands story no one's telling...
Already, phase one test drills have been completed...
Twenty-four holes were drilled into Saskatchewan's thick oil-rich sand...
Nineteen came back with a pay grade RICHER than Alberta's.
Keep in mind this was just a small test. Not big enough to attract the attention of Wall Street or even the mainstream press. But because the results were so good, the stock shot up more than 50% on the announcement (the good news is the stock still trades for less than $4 a share).
But that's nothing compared to what's going to happen next...
You see, right now this small firm is finishing a second, much bigger test drill. This is the biggest oil sands test in Saskatchewan to date... a complete assessment of the land.
They've spent over $70 million dollars determining the exact amount of oil resources they own, and getting the necessary infrastructure into place:
* There are currently eight truck-mounted core drilling rigs on site producing 150 core samples.
* Over 400 different people have been "shooting" some 1,100 miles of 3-D seismic lines on the unexplored areas of the property.
* A helicopter-borne was created to conduct an ariel 2-D seismic program over a 103 mile radius.
* 200 miles of ice roads and winding trails have been built in order to move the estimated 400,000 barrels of oil they expect to produce every day.
* A permanent airstrip was built in order to move people in and out of the area.
* Three separate housing camps for over 305 employees have been constructed.
The data from the survey has been submitted to the lab.
And any day now this company will confirm to the world exactly how much oil they've found.
When the results are announced, it's likely that every major television news program–like 60 Minutes, CNBC, and CNN–will air the story...
...And send shares of this tiny penny stock skyrocketing. Exactly how high it will go is impossible to predict.
One thing's for sure. The upcoming announcement is huge. And will take a lot of people by surprise.
Or... as the Regina Leader-Post puts it, "This is where the Canadians - Alberta and now Saskatchewan - become the pivot of the balance of power in the global oil market."
While company officials are prohibited by stock market regulations from saying much about the results before they're confirmed, company officials have gone on record numerous times about the project:
* "We haven't found any edge [to where the oil stops]. We're in the middle of something and it's extending in every direction. North. South. East. West. It doesn't matter. On average it's running 20 metres thick. That's a good Alberta pay thickness."
--Company Geologist
* "You know, last year at this time, we were saying that our [Saskatchewan] discovery could be the start of something big... Well, this year, we're saying that it truly is the start of something-the birth of an oil sands industry for Saskatchewan."
--Company's CEO
* "I am convinced that we are dealing with a world-scale oil sands resource. Everyone involved in our program has a sense that we're making history for the province of Saskatchewan and for Western Canada's oil sands industry."
--Company Engineer
Keep in mind, you need only a very small stake in this company to have the potential for a huge payoff.
Believe me, if this company takes off as I expect, even with a small investment, your gains will be tremendous.
If you are interested in investing in this company, let me show you how to get started...
Short snibbet from...
THANK YOU FOR READING DAILYWEALTH…
TO VISIT US ONLINE:
www.dailywealth.com
TO MAKE SURE YOU RECEIVE YOUR DAILYWEALTH, CLICK HERE.
MEET THE EDITORS
Dr. Steve Sjuggerud
Tom Dyson
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Oil hovers near $115 record high -
Oil traders on the floor of the New York Mercantile Exchange
The weakening US dollar is having a big effect on oil prices
Oil prices are hovering close to $115 a barrel, having crossed
the record mark on Thursday after a US inventory report raised
concerns about supplies.
US light, sweet crude oil pulled back slightly to $114.82 in
New York from the previous day's $115.21 high.
http://news.bbc.co.uk/2/hi/business/7351913.stm
http://www.oilsandsquest.com/our_projects/gallery/gallery_013.html
Source: Oilsands Quest Inc.
http://www.oilsandsquest.com/
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Threat' to future of Russia oil -
Siberian oil rig
Europe needs Russian oil
The future supply of Russian oil is threatened by a likely decline
in production levels, one of the country's top oil executives has
warned.
Lukoil's Leonid Fedun said $1 trillion would have to be spent on
developing new reserves if current output levels were to be
maintained.
http://news.bbc.co.uk/2/hi/business/7347771.stm
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Oil price increases to new record -
Oil prices have risen sharply in recent months
The price of oil has hit a new record on the back of supply
worries after bad weather hit Mexican oil exports.
US light, sweet crude oil rose 72 cents to $112.48 a barrel,
above the previous record of $112.21.
Brent crude rose 41 cents to $110.25 a barrel in London.
http://news.bbc.co.uk/2/hi/business/7347771.stm
www.888c.com
God Bless America
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Shell is set to slash its reserves by half
Shell 'to cut oil reserves figures'
http://ukpress.google.com/article/ALeqM5goIbyZ5uVtuZ6IXH5K1jAYq3oxLA
Oil giant Royal Dutch Shell is set to slash its 2007 reserves figures by more than half, it has been reported.
The company will mark down its reserves by 1.3 billion barrels - around one year's production - according to the Observer newspaper.
Chief executive Jeroen van der Veer is also expected to say that production growth will be near zero until 2010 in a strategy update on Monday, the report says.
Shell was at the centre of the biggest crisis in its history in
2004 when it overstated its reserves by a fifth, shaking
confidence in the firm and sparking lawsuits which the oil major has settled at a cost of more than £200 million.
Mr van der Veer is expected to cite problems in Russia and Nigeria as the reason for the reserves downgrade, the report says.
The Anglo-Dutch company's stake in the vast Sakhalin-2 gas field has been diluted from from 55% to 27.5% after Russian giant Gazprom bought control of the project in April last year. This is expected to wipe 1.1 billion off reserves.
Meanwhile, Shell's production facilities in Nigeria have come under heavy attack from rebels in the oil-rich Niger Delta region. The company is said to have lowered its reserves estimates by around 200 million barrels as a result.
The company's reserves replacement ratio is expected to have fallen to around 80% last year - meaning Shell only found enough oil and gas to replace 80% of what it produced - according to the newspaper.
The reserves issue comes just weeks after Shell reported annual profits of £13.6bn for 2007 - a record for a UK company which sparked calls for a windfall tax on the prof
Five-fold increase in activity planned for tar sands -
http://video.google.com/videoplay?docid=7795287454054769328
God Bless America
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27546114
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Massive shifts in spending to Saskatchewan -
Planned changes to the royalty regime in Alberta continue to fuel further investment interest in Saskatchewan's oilpatch"We've seen massive shifts in capital spending slated for this year coming up from other parts of Canada ," ,
Sask. oilpatch draws investment interest: Wall
Angela Hall, Regina Leader-Post
Published: Saturday, March 15, 2008
Sask. oilpatch draws investment interest: Wall
REGINA -- Planned changes to the royalty regime in Alberta continue to fuel further investment interest in Saskatchewan's oilpatch, Premier Brad Wall says.
Wall, in New York to promote the province's energy potential, said he heard a "huge amount of interest" in Saskatchewan on the trip, partly due to what's seen as undeveloped potential here but also because of the royalty changes in other jurisdictions.
"We've seen massive shifts in capital spending slated for this year coming up from other parts of Canada to Saskatchewan," Wall said in a conference call from New York, where his trade mission had just wrapped up.
"Company after company we met with said they're going to be significantly increasing their investment and we want to see that that's encouraged."
Wall spoke in New York at the East Coast Energy Conference, attended by representatives of Canadian energy companies as well as institutional money managers from the U.S., and met separately with officials from several individual companies.
Wall said Saskatchewan's royalty regime came up in a number of meetings, with industry seeking confirmation that the province has no plans to hike royalties.
"What the investment community doesn't like even more so than high taxes is uncertainty," Wall said.
The Alberta government's controversial royalty plan for oil and gas projects, which comes into effect next year, is expected to generate an additional $1.4 billion for the province.
Roy Schneider with Saskatchewan Energy and Resources said the changes in Alberta certainly haven't hurt Saskatchewan, though it can be hard to quantify how much they have actually helped.
With oil at more than $100 a barrel, an oil-producing province such as Saskatchewan would expect increased activity, he said.
However, a few companies publicly stated last year an intention to shift investment from Alberta. Saskatchewan's strong sales of petroleum and natural gas rights are one indicator of industry confidence and future activity levels, said Schneider.
Saskatchewan set a new record for annual Crown land sales of $250.3 million in 2007, and strong sales have continued into 2008, he said, adding Saskatchewan has worked to be competitive but also wants avoid an "us against them" situation with Alberta.
Wall's trip to New York came on the heels of a trip to Washington, where he also promoted energy opportunities in the province.
Wall has said he has also talked about Saskatchewan's work in carbon sequestration, its plans for a clean-coal pilot project and developments to lessen the environmental impact of oilsands developments.
However, Ann Coxworth with the Saskatchewan Environmental Society said the premier should be talking up other energy opportunities as well, including wind and solar.
Clean-coal technology may be an improvement from current conventional coal-fired plants, but the funds required to develop it might be better spent on energy efficiency measures and alternative forms of energy production, she said.
Five-fold increase in activity planned for tar sands -
http://video.google.com/videoplay?docid=7795287454054769328
God Bless America
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27546114
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Oilsands Quest Inc (BQI) $ 4.12 - 0.35 (+9.28%)
Volume: 4.51 m 3:59 PM EDT Mar 13, 2008
After Hours: $ 4.17 - $0.05 (+1.21%)
Volume: 309.4 k 7:53 PM EDT Mar 13, 2008
Five-fold increase in activity planned for tar sands -
http://video.google.com/videoplay?docid=7795287454054769328
God Bless America
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27546114
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Part 1 Jim Rogers Interview On Bloomberg -
BQI To become a major Canadian oil producer -
The rest of the story posted By Bob L. We truly need this
exposure!
Small Cap Spotlight BQI -
Oilsands Quest: To become a major Canadian oil producer
Stephen Mauzy | Feb 26, 2008 6:20am EST | User Rating N/A
For all the chatter surrounding wind, solar, biomass and other
“green” energy sources, the world still runs on old-fashioned
fossil fuel — and will to an even greater degree into the
distant future.
The U.S. Energy Information Administration presages daily
world petroleum consumption will grow to 97 million barrels
in 2015 to 118 million barrels in 2030,
from 83 million barrels today.
Growing demand for petroleum and its distillates is as old
as the industry itself.
In recent years, the demand has quickened a step or two;
hence, the five-fold increase in per-barrel prices over
the past decade.
No one likes to pay higher prices, but higher prices spur
entrepreneurs to bring new oil supplies to market.
One notable entrepreneur actively seeking new supplies
is Oilsands Quest Inc. (AMEX: BQI) -
a Calgary-based energy exploration and development company
whose business is extracting oil from oil sands.
And there's potentially a lot of oil for Oilsands to extract.
Canada's oil sand reserves lie under an expanse of real estate
larger than Florida, putting it on par -
with Saudi Arabia's reserves.
But unlike the Saudi's reserves, which flow relatively freely,
Canada's oil from sand often requires high-pressure steam —
produced by burning vast amounts of natural gas —
that's injected into the ground to separate the viscous
bitumen from the sand to which it adheres.
Oil at $30 a barrel provides little incentive to pressure-wash
sand for oil.
Oil at $100 a barrel is another matter.
Today's prices have inspired oil sands projects valued at
$100 billion, further cementing Canada's position as
the number one crude-oil supplier to the United States.
Oilsands is working to assure that the United States's
petroleum thirst remains well slaked.
The company BQI owns a 100% interest in the Saskatchewan Oil
Shale exploration, as well as lesser projects in the
Alberta oil sands, giving it the largest contiguous
lease on oil sands in Canada, if not the world.
The company has forged ahead with an ambitious winter drilling
program to prove reserves ahead of a 10,000-barrel-per-day
pilot project scheduled to start up in 2009, with a
subsequent target of 100,000 barrels per day.
The company has four rigs turning in Alberta and Saskatchewan
to delineate an estimated 1.5 billion barrels of contingent
reserves.
But in today's incarnation, Oilsands is more exploration
than development, which means it is expending, not
generating, cash flow.
At this juncture its income statement is relatively useless
for extrapolative purposes, but here are the numbers anyway:
in the six-month period ended Oct. 31, 2007, revenue was nil,
resulting in a net loss of $26.6 million.
In the same six-month period in 2006, revenue was also nil,
but the net loss was larger — $35.6 million.
Looking at 2008, revenue will be equally barren and
losses equally pronounced.
At this stage the balance sheet is more revealing than
the income statement.
As of Oct. 31, 2007, Oilsands was sitting on $49.6 million
in cash and no long-term debt, compared with $32.4 million
in cash and no long-term debt at the end of Oct. 31, 2006,
which means the company is sufficiently capitalized to fund
its working capital and exploration and production needs.
Oilsands's value lies in its potential.
The Alberta Energy Utilities Board estimates that oil
extracted from oil sands is expected to grow to 4.6 million
barrels a day in 2015 and then to 4.9 million barrels a day
by 2020.
Saskatchewan is Canada’s second largest oil producer
(after Alberta) and produces about 17% of Canada’s total
oil production.
No one knows for sure how big Saskatchewan's oil sands are,
but early estimates put reserves at one-fifth of
the 300-billion barrels of known bitumen reserves.
In short, Oilsands's potential is tall, and the analysts
who follow the company generally concur.
Desjardins Securities analyst Adam Zive recently
reiterated his $7.50 per share price target based on
the company's oil discovery at its Axe Lake property
in Saskatchewan.
Blackmont Capital analyst Menno Hulshof has a target price
of $7.25 per share, noting "Oilsands Quest has the single
largest, contiguous oil sands acreage position in the
industry, and its shares continue to trade at a sharp
discount to net asset value, making it the least
expensive company in its peer group.”
TD Newcrest analyst Mark Friesen is more circumspect.
He recently initiated coverage with a “speculative buy” and
a 12-month price target of $5.75 per share.
Friesen states that “while this success cannot be
extrapolated over the remaining unexplored land position,
it seems reasonable that much more remains to be discovered
on the company’s leases.”
Here's our distillation of Oilsands's value:
the company has 241 million shares issued and outstanding,
which gives a book value of $2.06 share.
The closing price on Monday was $3.88.
All the known potential —
the Axe Lake reserves in Saskatchewan and projected
annual production — is priced into the shares, with a
discount for the probability of various failure scenarios.
That said, one can convincingly argue that insufficient
premium is given to the difficulties — thanks largely to
the environmentalists — of replacing reserves, which gives
the drilling rights alone the potential to drive
share-price higher.
What's more, the probability of share appreciation
increases as stated goals are met and as oil prices
move higher.
Should both events continue along recent trends,
Oilsands' (BQI) shareholders will get closer to their
quest for a higher share price.
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Ps.
Judge for yourself and then decide whether you wish
to join the strike.
WE ARE CHANGE!!!
http://tinyurl.com/3d2yhn
Ps.
Constitution Class taught by
The 2004 Libertarian Presidential Candidate,
Michael Badnarik teaches his famous class about
the Constitution....
http://tinyurl.com/cbg4n
history often repeat itself -
http://tinyurl.com/y824mv
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26979341
I think Canada is the only place to look on this cont... especially since we can't drill thanks to our stupid gov't bowing to the enviroment freaks out there...open up drilling you people!!!!!!!!!!!!!!!1
Oilsands to elbow out conventional production: forecast -
John Morrissy
Canwest News Service
Friday, February 15, 2008
OTTAWA -- Canada's oilsands are taking over where conventional
oil production left off, with profits in the oil-extraction
industry forecast to rise 18 per cent to a record $23 billion
in 2008 on rapidly rising output from the huge oil reserves,
according to the Conference Board of Canada.
"Investment in upgrading and oilsands mines are finally paying
off, as non-conventional production is set to accelerate
rapidly," the board said Thursday in its outlook for the
country's oil-extraction industry.
"Non-conventional oil production will be the main driver
behind gains in domestic production for the foreseeable
future."
In fact, the oilsands will surpass conventional production
for the first time this year, said the report's author,
Todd Crawford.
After peaking at 1.8 million barrels a day in 2002,
conventional crude output will fall to 1.37 million barrels
a day in 2008 and further to 1.2 million barrels in 2012.
This is largely a result of declines in the western
sedimentary basin, but also a function of falling numbers
on Canada's East Coast, whose three fields all face
declining output before new fields go into production,
Crawford said.
Production in the oilsands, meanwhile, will rise from
1.25 million barrels a day in 2007 to a 1.48 million
barrels in 2008 and to 1.62 million barrels in 2009,
Crawford said.
This will drive Canada's energy industry to another year
of record profits in 2008 as oil prices are expected
stay above $80 US, the report predicted.
However, rising industry costs and new global supply
coming on-stream will cause profits to fall by 29 per cent
in 2009 before picking up again in 2010.
Crawford said changes to Alberta's royalty regime won't have
an impact on investment in the oilsands, estimated to
contain the world's largest crude reserves outside
Saudi Arabia.
"Even though royalties may be higher, (oil) prices have
been quite a bit higher than company forecasts, so in the
end we forecast it'll come out to be a wash," Crawford said.
Materials prices, however, are a more daunting matter,
Crawford said, much more than even labour, and constitute
the greatest component of cost gains for the year.
Rising prices of steel, concrete, diesel fuel and other
inputs for Alberta's massive oilsands projects will
rise 22 per cent in 2008.
Such double-digit gains over the past four years have
driven many of the projects into multi-billion dollar
cost overruns.
Canadian Natural Resources was the latest to do so, saying
its Horizon project in northern Alberta will now cost
as much as $8.7 billion, $1.9 billion more than
initial estimates.
Horizon will be one of the drivers of oilsands output this
year when it starts producing in the third quarter at
an expected rate of 110,000 barrels a day.
Suncor, whose oilsands business is located near Fort McMurray,
produced 245,000 barrels a day on an annualized basis
in January and is targeting average annual output of
275,000 to 300,000 barrels a day in 2008.
New output will also come from a bitumen upgrader --
which converts the thick oilsands petroleum into usable
crude -- being built by BA Energy, expected to
begin operations this year.
Gains in oilsands output will more than make up for
conventional crude declines and Canada's overall output
is forecast for rise 9.2 per cent in 2008.
The StarPhoenix (Saskatoon) 2008
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Ps.
Judge for yourself and then decide whether you wish
to join the strike.
WE ARE CHANGE!!!
http://tinyurl.com/3d2yhn
Ps.
Constitution Class taught by
The 2004 Libertarian Presidential Candidate,
Michael Badnarik teaches his famous class about
the Constitution....
http://tinyurl.com/cbg4n
history often repeat itself -
http://tinyurl.com/y824mv
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26979341
Alberta Oil Sands Great Video - Alberta --
pps looks cheap...
Oilsands Quest crosses border in hunt for land -
Firm pushes west from Saskatchewan
Shaun Polczer, Calgary Herald
Published: Friday, January 25, 2008
Tiny Oilsands Quest on Thursday revealed itself to be the buyer of a pair of big oilsands leases near Fort McMurray.
The company said it spent a cool $10 million to pick up 18,400 hectares north and west of its Axe Lake heavy oil discovery on the Alberta side of the Saskatchewan border.
Oilsands Quest said the acquisition is in keeping with its strategy to selectively acquire exploration lands as they come available.
President Chris Hopkins said the company operates under the belief that oilsands deposits don't stop at the provincial boundaries.
"Our exploration strategy is based on the geological concept that commercially viable oilsands deposits trend eastward from Alberta into Saskatchewan," he said.
"In addition to being among the last large parcels of Crown land available, these two townships represent a strategic fit."
Oilsands Quest said it made the decision to bid after evaluating the parcels with two-dimensional seismic data obtained earlier this month. The company boasts that it holds the largest contiguous oilsands leases in Canada, if not the world.
Meanwhile, the company is forging ahead with an ambitious winter drilling program to prove reserves ahead of a 10,000-barrel-per-day pilot project scheduled to startup in 2009. A series of reservoir tests in 2008 will provide about 600 bpd to help configure the pilot.
At a time when other companies are scaling back drilling, Oilsands Quest has four rigs turning in Alberta and Saskatchewan to delineate an estimated 1.5 billion barrels of contingent reserves.
Future exploration programs will attempt to firm up an additional three billion barrels the company believes are located outside the Axe Lake project area.
Oilsands Quest this fall drilled 87 new wells and has punched more than 260 new holes on the land to date.
Along with new drilling, Oilsands Quest is acquiring three-dimensional seismic data and earlier this month established a wholly owned technology company to examine new thermal technologies that could be used to recover the oil.
Apart from adding new reserves, Dejardins Securities analyst Adam Zive said milestones for Oilsands Quest would be to initiate the pilot project and to bring in an established industry partner to help bring the Axe Lake discovery to commercial production sometime around 2012.
He said the big land outlay complements everything the company has accomplished to date.
"This is totally in line with their long-term strategy," he said. "It's another positive move in the right direction."
The company is also looking to add a Toronto Stock Exchange listing later this year. Meanwhile, it gained four cents on the American Stock Exchange (AMEX) to close at $3.39 US.
spolczer@theherald.canwest.com
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Oilsands Quest forms technology company, updates Axe Lake
activities
Amex: BQI
CALGARY, Jan. 10 /CNW/ -
Oilsands Quest Inc. -
(Amex: BQI) today announced the formation of a subsidiary
company devoted to in-situ oil sands technology assessment
and development.
The company also provided an update of recovery development
and operations activities for its Axe Lake Discovery
in northwest Saskatchewan.
Oilsands Quest Technology Inc.
Dr. Erdal Yildirim, who is Oilsands Quest's Executive Vice
President, Project Development, has been appointed President
of Oilsands Quest Technology Inc, -
a wholly owned subsidiary of Oilsands Quest Inc.
"The progress in development of oil sands technologies has been
a significant driver in the growth, prosperity and
environmental sustainability of the oil sands industry"
said Dr. Yildirim, "yet it remains a relatively young
industry, where a new wave of technological advancements
is occurring through improvements to existing technologies,
commercialization of emerging technologies and creation of
new technologies generated by novel process concepts."
Oilsands Quest Technology has been created to be at the
forefront of this technology wave, to maximize the value
of its oil sands and oil shale assets and to generate
new business opportunities.
This will be accomplished by utilizing its in-depth technology
expertise for testing and developing technologies most
suitable to the characteristics of its natural resources.
Widely recognized within the industry for his leadership,
experience and technical expertise, Dr. Yildirim has served
in many managerial and executive capacities in
the oil sands industry.
He was the co-founder and chairman of the National Oil Sands
Task Force during the period of 1993 to 1996 and was
the co-founder and, since 1994, has been the Managing
Director of the Canadian Oil Sands Network for Research
and Development (CONRAD).
Axe Lake Recovery development program
Drilling to date within the Axe Lake Discovery area has
confirmed three reservoirs for potential development.
The three reservoirs, of roughly equal size, contain
the majority of Axe Lake's Discovered Resources.
These reservoirs are the focus of Oilsands Quest's
recovery development and production planning efforts.
In an extensive program of laboratory testing and reservoir
simulation studies, Oilsands Quest, its technical
consultants and its financial advisors are evaluating
existing in-situ recovery techniques.
These efforts have provided the initial definition of the
field test program to evaluate reservoir response to varying
temperatures and pressures of steam and steam with solvents.
A program of reservoir testing at three sites within
the Axe Lake Discovery is planned for the first half of 2008,
subject to regulatory approval.
The reservoir tests will provide up to 600 barrels per day
of initial bitumen volumes in 2008 that will contribute data
to the design of an in-situ test program of up to
10,000 barrels per day that is planned for start-up in 2009,
subject to regulatory approval.
Camp operations update
Oilsands Quest is operating two camps in Saskatchewan to
support its winter 2008 drilling, seismic and reservoir
testing activities.
The Base Camp will accommodate up to 200 personnel and
is located on the main access road adjacent to the
company's 5,000-foot (1500-metre) airstrip in the
northeast corner of the Axe Lake Discovery area.
he new South Camp will accommodate up to 250 people and
is located in Saskatchewan near the Alberta border,
12 miles (19 km) southwest of the Base Camp.
It will provide support to operations in both Alberta
and Saskatchewan.
Drilling has commenced in Alberta on the company's permit lands.
During the winter season, manpower is expected to peak
at approximately 450 personnel.
About Oilsands Quest Inc.
Oilsands Quest Inc. is aggressively exploring Canada's largest
contiguous oil sands land holding by applying its
technical expertise to develop multiple potential
global-scale discoveries.
The company
http://www.oilsandsquest.com
is the originator of Saskatchewan's emerging oil sands industry.
Forward-looking information
Except for statements of historical fact relating to Oilsands Quest, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "prospective" and other similar words, or statements that certain events or conditions "may", "will", or "could" occur. Forward-looking statements such as references to discovered and undiscovered resources estimates, references to Oilsands Quest's exploration, technical and development programs and future discoveries are based on the opinions and estimates of management and Oilsands Quest's independent evaluators at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, exploration and technical risks inherent in the oil sands industry, regulatory and economic risks, lack of infrastructure in the region in which the company's resources are located and risks associated with Oilsands Quest's ability to implement its business plan. There are uncertainties inherent in forward-looking information, including factors beyond Oilsands Quest's control, and no assurance can be given that the programs will be completed on time, on budget or at all. Oilsands Quest undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. The risks and uncertainties set forth above are not exhaustive. Readers should refer to Oilsands Quest's current annual report on Form 10-KSB and other document filings, which are available at www.sedar.com and at www.sec.gov for a detailed discussion of these risks and uncertainties and details regarding the location and extent of Oilsands Quest's land holdings.
Source: Canada NewsWire (January 10, 2008 - 9:00 AM EST)
News by QuoteMedia
www.quotemedia.com
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Upside of 80% see for Oil Sands Quest -
Posted: January 07, 2008, 8:14 AM by Jonathan Ratner
Energy, Takeovers
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/01/07/upside-of-80-see-for-oil-sands-quest.aspx
Oil Sands Quest Inc., which explores for and develops oil sands
deposits in the provinces of Saskatchewan and Alberta,
continues to receive a “top pick - speculative” rating from
Desjardins Securities. Analyst Adam Zive recently reiterated
his US$7.50 price target on the shares and said investors
should expect “substantial near-term catalysts” in the 2008.
One of these comes from the company’s Axe Lake discovery in
Saskatchewan. Mr. Zive noted that the project is progressing
toward commercialization and negotiations are expected to
begin with potential partners.
Oilsands Quest is also pursuing a listing on the Toronto Stock
Exchange that could come as soon as the first quarter of 2008,
he told clients in a note.
The analyst’s price target represents upside of roughly 80%
above Friday’s closing price of US$4.16. However, he said if
commercial production levels are achieved, the stock could
provide value of up to US$20 or more per share.
Oilsands Quest has an attractive combination of the largest
contiguous oil sands land position, significant resource
potential, material near-term catalysts, a more favourable
operating environment in Saskatchewan compared with Alberta,
M&A potential, and a team of directors and management with a
proven track record and 20% ownership of the company, Mr. Zive
added.
Jonathan Ratner
BQI VIDEO -
Hycal Energy Research Laboratories Interview Video -
http://www.oilsandsquest.com/video/cwpc_video_003.html
Hycal Energy Research -
http://www.oilsandsquest.com/video/cwpc_video_002.html
http://www.oilsandsquest.com/video/cwpc_video_001.html
http://investorshub.advfn.com/boards/board.asp?board_id=6668
The Oil Sands Of Alberta
Where Black Gold And Riches Can Be Found In The Sand
http://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml
BQI VIDEO -
Hycal Energy Research Laboratories Interview Video -
http://www.oilsandsquest.com/video/cwpc_video_003.html
Hycal Energy Research -
http://www.oilsandsquest.com/video/cwpc_video_002.html
http://www.oilsandsquest.com/video/cwpc_video_001.html
http://investorshub.advfn.com/boards/board.asp?board_id=6668
BQI FOB - Guide to Heavy Oil Extraction -
Unleashing the Potential - Annual Reference Guide -
to Heavy Oil Extraction -
Everyone read this report -
This should give you an complete overview of the extraction options BQI = considering -
http://www.heavyoilinfo.com/feature_items/technology_improves_in-situ.pdf/view
BQI Clstn Chart TA - turnaround - alert LT strong bullish -
http://clearstation.etrade.com/cgi-bin/details?Event=stochBA&Ordering=VOL&purv_id=32546&at=1&Symbol=BQI
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Welcome to 'Oilsands Quest Inc ' BQI(AMEX) -
I think BQI is a strategic bargain -
BQI has came a long way in the latest two years -
BQI has found much more res. still we trading at
a much lower price? -
and it doesn't make any sense to me? -
with the much lower fiatz$ values -
and a high oil price etc. -
well, I want a much higher BQI price! -
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Oilsands Quest Inc. announces highlights of annual meeting
Thursday October 18, 9:00 am ET
CUSIP # 678046 10 3 Amex: BQI
CALGARY, Oct. 18 /PRNewswire-FirstCall/ -
Oilsands Quest Inc. -
(Amex: BQI - News) announces the results of business conducted
at its annual meeting which was held on Wednesday,
October 17, 2007, in Calgary.
The following Class C directors were re-elected to the Board
of Directors: Ronald Phillips and W. Scott Thompson.
"We are extremely pleased to have Ron and Scott re-elected
to the Board of Directors," said T. Murray Wilson,
Executive Chairman of Oilsands Quest.
"They are valued directors who have made meaningful
contributions to the Company in the past and will continue
do so in the future."
Once the formal meeting was adjourned,
Mr. Christopher H. Hopkins, President and Chief Executive
Officer of Oilsands Quest provided an update on operations.
The corporate presentation is available on
the Company's website at
http://www.oilsandsquest.com
About Oilsands Quest
Oilsands Quest Inc.
is aggressively exploring Canada's largest contiguous
oil sands land holding by applying its technical expertise
to develop multiple global-scale discoveries.
The company (www.oilsandsquest.com) is the originator
of Saskatchewan's emerging oil sands industry.
Forward-Looking Information
Except for statements of historical fact relating to the company, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information in this news release is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" "will" or "could" occur. There are uncertainties inherent in forward-looking information, including factors beyond Oilsands Quest Inc.'s control, and no assurance can be given that such events will occur on time or at all. Oilsands Quest Inc. undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. The risks and uncertainties set forth above are not exhausting. Readers should refer to Oilsands Quest's current annual report on Form 10KSB and other document filings, which are available at www.sedar.com and at www.sec.gov for a detailed discussion of these risks and uncertainties.
Source: Oilsands Quest Inc.
http://investorshub.advfn.com/boards/board.asp?board_id=6668
MUST LISTEN /GREAT INTERVIEW/HOPKINS -
http://www.secureretirement.ca/
Oilsands Quest Inc.
(formerly CanWest Petroleum Corporation) is a public
company (Amex: BQI) engaged in a variety of projects
in the oil and gas industry in Western Canada with an
emphasis on oil sands and oil shale exploration.
Its lead project is an oil sands exploration program
being conducted in the province of Saskatchewan.
Christopher H. Hopkins, BSc, MBA
Director, President & Chief Executive Officer
Christopher Hopkins has served as President,
Chief Executive Officer and a director since
August 14, 2006, and President,
Chief Executive Officer and a director of
Oilsands Quest Sask Inc.,
a subsidiary of the Company,
since November 10, 2004.
From October 1999 to September 2004,
Mr. Hopkins was a founder and
the Executive Vice President of
Synenco Energy Inc.,
an oil sands exploration company
which is now developing an oil sands
mining project.
Mr. Hopkins was also a director of Synenco
from October 1999 to August 2003.
He was directly responsible for
Synenco's exploration programs that resulted
in the identification of over
two billion barrels of bitumen.
Mr. Hopkins's 25 years of Canadian
and international energy and mining experience
include executive positions in corporate planning,
business development and environmental control.
click here to listen to Russ's interviw with
Christopher and learn more about
Oilsands Qwest -
http://www.secureretirement.ca/
http://investorshub.advfn.com/boards/board.asp?board_id=6668
This could greatly benefit BQI?
Shell is considering using nuclear power to operate
its controversial tar sands programme in Canada.
Tar sands extraction –
mining oil from a mixture of sand or clay,
water and very heavy crude oil –
uses a huge amount of energy and water.
Environmentalists say it results in more than three times
as many emissions of carbon dioxide compared to
conventional oil production.
Now Canadian firms AECL and Energy Alberta have proposed
building a nuclear reactor near the site of Shell's
vast Athabasca tar sands development.
The boss of Energy Alberta has said the C$6bn (£2.8bn)
reactor has the backing of a large unnamed copany that
would take 70 per cent of the reactor's energy.
A spokeswoman for Shell Canada refused to confirm that the
company would take electricity from the reactor but said:
"We have had a number of power options presented to us.
Yes, it includes nuclear.
"If a nuclear facility proceeds, we would look at it based
on a wide range of factors such as economics,
sustainability and the energy [required]."
She added that the company was also looking at building
biomass, renewable or co-generation plants.
http://news.independent.co.uk/business/news/article2944305.ece
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22510826
US DOLLAR INDEX (NYBOT:DX) -
(banksterz fiatz$bucky) -
compared to black gold -
BQI Long Term black Gold Res. values in banksterz fiatz -
I don't want BQI to monetizing anything of the black gold res.
into banksterz gangsterz fiatzbucky clownz -
fiatzbukyz $470 trillionz debtz makez the counterfeitz - worthless any day!
The BQI goes to moon Alice -
last thing I want to see is counterfeitz clownz bucky -
it has to be some real money backed by -
The Real Gold Standard first -
or let the black Gold Res. goes to moon in Real Value -
its absolutely no way I want to see BQI go after -
the banksterz clownz fiatz worthless printed paperz counterfeitz!!! -
dd....some REAL Large Black GOLD Res. -
http://www.oilsandsquest.com/
Got BQI Black Gold Safety -
http://investorshub.advfn.com/boards/board.asp?board_id=6668
----
btw..fys....
don't lose out on great health -
and wellness -
http://tinyurl.com/3792st
http://tinyurl.com/368bzx
God Bless
Tobin Smith Rates BQI A Buy....
Bought more earlier today as well....
http://www.stockta.com/cgi-bin/analysis.pl?symb=BQI&num1=1&cobrand=&mode=stock
Oilsands Quest (BQI, news, msgs) controls 780,000 acres -
of Canadian oil sands that have been appraised at $18 a share --
but are selling for less than $5....
http://articles.moneycentral.msn.com/Investing/StrategyLab/Rnd16/P2/ChangeWaveJournal20070823.aspx
RE: Article: BQI worth between $16 and $26 per share -
http://energy.seekingalpha.com/article/42011
RE: Ex....
If one assumes that the BQI land is as potent as
the Suncor land, with
BQI having a larger land mass and being 1/40th the market
cap....one could
possibly come to the optimistic conclusion that BQI could
be worth 40 times more...and 40 x $4.50/share=a $180/share
comparative value for BQI....
by lonngstreet at yahoo BQI forum -
think BQI is a 40 bagger from $4.50 -
btw. -
I also think its maybe possible? -
but said a 10 bagger plus from here -
to me BQI is a bargain on firesale -
Imo. Tia.
http://www.888c.com/
God Bless
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22346508
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22348426
----
btw..fys....
don't lose out on great health -
and wellness -
http://tinyurl.com/3792st
http://tinyurl.com/368bzx
God Bless America
Amen
Article: BQI worth between $16 and $26 per share -
http://energy.seekingalpha.com/article/42011
"What makes the situation that much more interesting is
the fact that BQI management plans another resource
update around the September-October timeframe.
Especially notable is the fact that this update will
contain the opinion of a 3rd party oilsands assessor,
which will likely confirm management’s internal resource
estimate and the commerciality of its acreage.
That should open BQI’s management to the next step in its
plan for the company;
the establishing of a joint venture with a deep-pocketed,
Big Oil partner who would provide the bulk of the
financing for developing BQI's oilsands resource.
A sale of part of a project would immediately make
transparent the value of the bitumen on BQI’s property.
For example, if a Big Oil company came and bid $5 billion
for 60% of the company’s 7 billion of recoverable resource
(equaling an estimated 10 billion barrels of resource x 70%
recoverability), that would imply that the entire 7 billion
barrels is worth $8.33 billion.
On a fully-diluted per share basis (assuming 250 million
fully-diluted shares), that would imply that each share of
BQI is worth $33.33 (=$8.33 billion value / 250 million shares).
I would think that an explicit valuation of the company
would, at the least, cause the stock price to approach
that valuation relatively rapidly as do most similar
joint venture announcements. Of course, those are
just hypothetical numbers.
From the two most recent Seeking Alpha articles on
BQI’s valuation, “Oilsands Quest Inc.:
Undervalued Canadian Oilsands Play” and “Three More
Compelling Reasons To Like Oilsands Quest”, it appears
some investors believe the stock is worth between $18 and
$26 per share.
Using the mid-point of those two estimates, I arrive at
a valuation of $22 per share, or about 424% higher than
the current price of $4.20 per share."
by peak_oil_2007
Just buy and hold LT to win -
you have to be in it - to win it -
Bob
BQI Top 20 Institutional Shareholders Accumulating -
Institutional Shareholders Summary -
http://investing.businessweek.com/research/stocks/ownership/institutional.asp?symbol=BQI
Oilsands Quest BQI invest for the future -
five-fold increase in activity planned for tar sands -
http://video.google.com/videoplay?docid=7795287454054769328
http://video.google.com/videoplay?docid=7203734125996981491
BQI Black Gold -
You got to be in to win !
BQI P&F Bullish sh. price objectivies $11.69/sh -
Imo Tia.
God Bless America
http://img.travidia.com/rop-ad/4880854
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22030861
http://investorshub.advfn.com/boards/board.asp?board_id=6668
http://stockcharts.com/def/servlet/SC.pnf?chart=bqi,PLPAWANRBO[P][D][F1!3!1.0!!2!20]&pref=G
Day Trading... Can't beat... the Random Walk.
Every time you sell, there is a 50/50 chance you were wrong.
And every time you rebuy back, a 50/50 chance you are wrong.
So the odds of being right on 2 consecutive trades both times -
is .5 times .5 or 25%- not very good.
Just buy and hold LT to win.
by Bob thanks
BQI Top 20 Institutional Shareholders Accumulating -
Institutional Shareholders Summary -
http://investing.businessweek.com/research/stocks/ownership/institutional.asp?symbol=BQI
Oilsands Quest BQI invest for the future -
five-fold increase in activity planned for tar sands -
http://video.google.com/videoplay?docid=7795287454054769328
http://video.google.com/videoplay?docid=7203734125996981491
BQI Black Gold -
You got to be in to win !
BQI P&F Bullish sh. price objectivies $11.69/sh -
Imo Tia.
God Bless America
http://img.travidia.com/rop-ad/4880854
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22030861
http://investorshub.advfn.com/boards/board.asp?board_id=6668
http://stockcharts.com/def/servlet/SC.pnf?chart=bqi,PLPAWANRBO[P][D][F1!3!1.0!!2!20]&pref=G
BQI P&F Bullish sh. price objectivies $11.69/sh -
You got to be in to win !
http://stockcharts.com/def/servlet/SC.pnf?chart=bqi,PLPAWANRBO[P][D][F1!3!1.0!!2!20]&pref=G
Imo Tia.
God Bless America
http://img.travidia.com/rop-ad/4880854
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22030861
http://investorshub.advfn.com/boards/board.asp?board_id=6668
BQI SChart TA Alert ST stong bull wave start -
any past resistance soft -
BQI Fibs target new trend to be 162% -
of the previous correction -
BQI TA LT #1 bull wave done -
BQI TA LT #1 correction wave done -
BQI TA LT #2 bull wave started -
Elliott pattern the 5-wave cycle -
its 4 more bull waves to GO -
More N/R upon the company’s September-October -
update -
BQI’s stock will be propelled upwards towards -
$22 per share as the 2nd LT bull wave breaking out? -
and some investors speculate on the potential -
economics of a joint venture with a Big Oil company? -
BQI LT will be the largest oil tar sand res. -
http://investorshub.advfn.com/boards/board.asp?board_id=6668
http://investorshub.advfn.com/boards/board.asp?board_id=5409
Ps.
I’m think many of today’s current shorters666 are
cognizant of BQI’s potential upside and are not well aware
of the timing of the September-October update -
(banksterz666 who gained trust from rich widows etc.
try to follow the 911banksterz destructionz habitz?) -
the 666shorterz use 888fiatz who got fooled to trust
the 666? -
and it will make the potential repercussions of a very
bullish BQI Potential Short Squeeze -
when more beaware -
of BQI large oil res. with new updates -
the oil investors will get the info! -
That, coupled with the fact that -
the current 666 short position is large -
( 12.4mm shares and 8% of the float)
and likely predicated on huge 666 loss? -
The great fundamental issues with Oilsands Quest -
should prompt much more 666short squeezes over the next -
couple months (in any fair market with less 666) -
before the September-October update.
And that is my take of the anatomy of a BQI -
short squeeze -
(it would be huge in any fair market) -
Imo. Tia.
http://www.888c.com/
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
BQI Schart TA Alert strong bull wave start -
BQI TA LT #1 bull wave done -
BQI TA LT #1 correction wave done -
BQI TA LT #2 bull wave started -
Elliott pattern the 5-wave cycle -
its 4 more bull waves to GO -
More N/R upon the company’s September-October -
update -
BQI’s stock will be propelled upwards towards -
$22 per share as the 2nd LT bull wave breaking out? -
and some investors speculate on the potential -
economics of a joint venture with a Big Oil company? -
BQI LT will be the largest oil tar sand res. -
http://investorshub.advfn.com/boards/board.asp?board_id=6668
http://investorshub.advfn.com/boards/board.asp?board_id=5409
Ps.
I’m think many of today’s current shorters666 are
cognizant of BQI’s potential upside and are not well aware
of the timing of the September-October update -
(banksterz666 who gained trust from rich widows etc.
try to follow the 911banksterz destructionz habitz?) -
the 666shorterz use 888fiatz who got fooled to trust
the 666? -
and it will make the potential repercussions of a very
bullish BQI Potential Short Squeeze -
when more beaware -
of BQI large oil res. with new updates -
the oil investors will get the info! -
That, coupled with the fact that -
the current 666 short position is large -
( 12.4mm shares and 8% of the float)
and likely predicated on huge 666 loss? -
The great fundamental issues with Oilsands Quest -
should prompt much more 666short squeezes over the next -
couple months (in any fair market with less 666) -
before the September-October update.
And that is my take of the anatomy of a BQI -
short squeeze -
(it would be huge in any fair market) -
Imo. Tia.
http://www.888c.com/
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
BQI Schart TA TI ST Alert Starting new LT Bull wave -
BQI TA LT #1 bull wave done -
BQI TA LT #1 correction wave done -
BQI TA LT #2 bull wave started -
Elliott pattern the 5-wave cycle -
its 4 more bull waves to GO -
More N/R upon the company’s September-October -
update -
BQI’s stock will be propelled upwards towards -
$22 per share as the 2nd LT bull wave breaking out? -
and some investors speculate on the potential -
economics of a joint venture with a Big Oil company? -
BQI LT will be the largest oil tar sand res. -
http://investorshub.advfn.com/boards/board.asp?board_id=6668
http://investorshub.advfn.com/boards/board.asp?board_id=5409
Ps.
I’m think many of today’s current shorters666 are
cognizant of BQI’s potential upside and are not well aware
of the timing of the September-October update -
(banksterz666 who gained trust from rich widows etc.
try to follow the 911banksterz destructionz habitz?) -
the 666shorterz use 888fiatz who got fooled to trust
the 666? -
and it will make the potential repercussions of a very
bullish BQI Potential Short Squeeze -
when more beaware -
of BQI large oil res. with new updates -
the oil investors will get the info! -
That, coupled with the fact that -
the current 666 short position is large -
( 12.4mm shares and 8% of the float)
and likely predicated on huge 666 loss? -
The great fundamental issues with Oilsands Quest -
should prompt much more 666short squeezes over the next -
couple months (in any fair market with less 666) -
before the September-October update.
And that is my take of the anatomy of a BQI -
short squeeze -
(it would be huge in any fair market) -
Imo. Tia.
http://www.888c.com/
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Oilsands Quest announces filing of disclosure documents -
Amex: BQI -
CALGARY, July 30 /PRNewswire-FirstCall/ -
Oilsands Quest Inc. -
(Amex: BQI) (the 'Corporation') announces that it has filed
its Form 10-KSB, annual report, for the fiscal year
ended April 30, 2007.
The Corporation's annual report and other financial
filings are available on the Securities and Exchange
Commission's (SEC) website (www.sec.gov) and on
SEDAR at
(www.sedar.com).
The Corporation had previously reported that for the
fiscal year beginning on May 1, 2007, the Corporation will
no longer be considered a small business issuer as defined
by the SEC.
The Corporation's annual report filed today is its last
filing as a small business issuer.
The Corporation also announces that it has filed its other
oil and gas information for the year ended April 30, 2007
on Form 51-101F1 together with the report of
the management and directors on oil and gas disclosure
on Form 51-101F3 as mandated by National
Instrument 51-101 - Standards Disclosure for Oil and
Gas Activities of the Canadian Securities Administrators.
A copy of the Corporation's Form 51-101F1 for the year
ended April 30, 2007 may be obtained via SEDAR at
(www.sedar.com).
The Corporation notes that its independent consultant's
assessment of its Axe Lake Discovery will be completed
in the fall of 2007 and is not included in this filing.
Oilsands Quest Inc. -
is involved in oil sands exploration focused primarily on
its oil sands exploration permits in Saskatchewan and Alberta.
The Corporation has initiated pre-commercialization
studies for its Axe Lake Discovery, placing it at
the forefront of the development of an oil sands industry
in the province of Saskatchewan.
Forward-Looking Information
Except for statements of historical fact relating to Oilsands
Quest Inc., this news release contains certain
'forward-looking information' ---- which are available
at (www.sedar.com) and at (www.sec.gov) for a
detailed discussion of these risks and uncertainties.
SOURCE Oilsands Quest Inc.
Source: PR Newswire (July 30, 2007 - 5:26 PM EST)
News by QuoteMedia
www.quotemedia.com
http://app.quotemedia.com/quotetools/popups/story.jsp
----
I believe that, upon the company’s September-October
update, BQI’s stock will be propelled upwards towards
$22 per share as investors speculate on the potential
economics of a joint venture with a Big Oil company.
I’m think many of today’s current shorters666 are
cognizant of BQI’s potential upside and are not well aware
of the timing of the September-October update -
(banksterz666 who gained trust from rich widows etc.
try to follow the 911banksterz destructionz habitz?) -
the 666shorterz use 888fiatz who got fooled to trust
the 666 -
and it will make the potential repercussions of a very
bullish BQI Potential Short Squeeze when more be aware
of BQI large oil res. with new updates more 888 will
be aware! -
That, coupled with the fact that the current 666 short
position is large ( 12.4mm shares and 8% of the float)
and likely predicated on huge 666 loss? -
The great fundamental issues with Oilsands Quest -
should prompt much more 666short squeeze over the next
couple months (in any fair market with less 666) -
before the September-October update.
And that is my take of the anatomy of a BQI -
short squeeze - (it would be huge in any fair market) -
Imo. Tia.
http://www.888c.com/
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
http://investorshub.advfn.com/boards/board.asp?board_id=5409
BQI Schart TA TI ST Alert Starting new LT Bull wave -
I believe that, upon the company’s September-October
update, BQI’s stock will be propelled upwards towards
$22 per share as investors speculate on the potential
economics of a joint venture with a Big Oil company.
I’m think many of today’s current shorters666 are
cognizant of BQI’s potential upside and are not well aware
of the timing of the September-October update -
(banksterz666 who gained trust from rich widows etc.
try to follow the 911banksterz destructionz habitz?) -
the 666shorterz use 888fiatz who got fooled to trust
the 666? -
and it will make the potential repercussions of a very
bullish BQI Potential Short Squeeze when more be aware
of BQI large oil res. with new updates -
the more 888 will be aware the better! -
That, coupled with the fact that the current 666 short
position is large ( 12.4mm shares and 8% of the float)
and likely predicated on huge 666 loss? -
The great fundamental issues with Oilsands Quest -
should prompt much more 666short squeeze over the next
couple months (in any fair market with less 666) -
before the September-October update.
And that is my take of the anatomy of a BQI -
short squeeze - (it would be huge in any fair market) -
Imo. Tia.
http://www.888c.com/
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Oilsands Quest: Anatomy of a Potential Short Squeeze
Wednesday July 25, 2:28 am ET
http://biz.yahoo.com/seekingalpha/070725/42011_id.html?.v=1
Seymour Prophet submits: As of mid-July, Oilsands Quest’s
(AMEX: BQI - News) short interest has increased to
the highest it has been in recent history.
Specifically, BQI’s short interest has increased by 133%
to 12.4 million shares from 5.3 million shares
at mid-June.
(terror-bolshevikz-666nss911-banksterz-evilz-machinez?)
Undoubtedly, some of the investors shorting the stock
were betting against the prospects of a bullish management
update of the company's resource estimate and resource
commerciality in July (when the company was widely
expected to provide the update).
In particular, Bears on BQI were betting that the lack
of shale cap rock on its acreage would preclude its
bitumen resources from being recovered via in-situ
processes since there wouldn’t be a barrier to contain
the high pressure steam from some in-situ
recovery processes.
click to enlarge
bqianatomyofapotentialsjd6
That said, on July 12th, BQI management came out with a - resource estimate of 10 billion barrels,
a better-than-expected number.
Perhaps more importantly, management stated that…
The Axe Lake bitumen resource is characterized by thick,
continuous, coarse-grained oil sands in reservoirs at depths
from 185 to 205 metres.
Studies to date suggest that grain size distribution of
the coarse sands, which ranges from smaller particles
at the top of the pay zone to larger particles at
the bottom, will enhance drainage, thereby -
improving production and economics.
The clay-rich layer overlying the reservoir is expected
to provide an effective seal for anticipated recovery -
processes.
The fact that management believes that its Axe Lake project
is suitable for in-situ recovery was a monumental statement.
Moreover, BQI’s studies showed recoverability rates of 54%
to 83% (for an average of 69%), much higher than the
industry average of about 40%.
Those two pieces of information sent BQI shares soaring
by about 25% to end the day at the highest level the stock
has been since around March 2007.
What’s interesting is that one might expect some
significant 666short covering to occur -
(and the short interest to decline) by mid-July,
given management’s July 12th statements which
have contradicted the key short-investment thesis point.
However, the opposite occurred.
In mid-July, BQI’s short interest soared to its high.
As of mid-July, BQI’s short interest equated to about 8%
of the company’s total shares outstanding of
about 158.6 million shares.
Of note, anyone who shorted BQI from about mid-February
(as indicated by the dotted red vertical line) and who
did not cover his/her short position would be losing
money (and possible significantly so) since the stock’s
recent price of $4.00 (as indicated by the black dashed line)
was higher than anytime since mid-February.
That leads me to my current hypothesis that the spike in
the short interest through mid-July is attributable to
prior Shorters increasing (and possibly doubling-down)
on their short positions to recoup their losses.
In other words, the recent build in the short interest is
due to loss aversion psychology rather than sound
fundamental shorting rationale.
It’s the same mentality that prompts a losing blackjack
player at a casino to continue to reach into his wallet
in an attempt to leave the table “even”.
In my mind, that would be the most likely explanation as
new Shorts would probably not put on their short
positions immediately after a bullish press release
from the company’s management.
What makes the situation that much more interesting
is the fact that BQI management plans another resource
update around the September-October timeframe.
Especially notable is the fact that this update will
contain the opinion of a 3rd party oilsands assessor,
which will likely confirm management’s internal
resource estimate and the commerciality of its acreage.
That should open BQI’s management to the next step in
its plan for the company; the establishing of a
joint venture with a deep-pocketed, Big Oil partner
who would provide the bulk of the financing for
developing BQI's oilsands resource.
A sale of part of a project would immediately make
transparent the value of the bitumen on BQI’s property.
For example, if a Big Oil company came and bid $5 billion
for 60% of the company’s 7 billion of recoverable resource
(equaling an estimated 10 billion barrels of
resource x 70% recoverability), that would imply that
the entire 7 billion barrels is worth $8.33 billion.
On a fully-diluted per share basis (assuming 250 million
fully-diluted shares), that would imply that each share
of BQI is worth $33.33 (=$8.33 billion value / 250 million
shares).
I would think that an explicit valuation of the company
would, at the least, cause the stock price to approach
that valuation relatively rapidly as do most similar
joint venture announcements. Of course, those are just
hypothetical numbers.
From the two most recent Seeking Alpha articles on
BQI’s valuation, “Oilsands Quest Inc.:
Undervalued Canadian Oilsands Play” and
“Three More Compelling Reasons To Like Oilsands Quest”,
it appears some investors believe the stock is worth
between $18 and $26 per share.
Using the mid-point of those two estimates, I arrive
at a valuation of $22 per share, or about 424% higher
than the current price of $4.20 per share.
I believe that, upon the company’s September-October
update, BQI’s stock will be propelled upwards towards
$22 per share as investors speculate on the potential
economics of a joint venture with a Big Oil company.
I’m sure many of today’s current Shorters are cognizant
of BQI’s potential upside and are well aware of the timing
of the September-October update and the potential
repercussions of a very bullish update.
That, coupled with the fact that the current short position
is large ( 12.4mm shares and 8% of the float) and likely
predicated on loss aversion psychology rather than
fundamental issues with Oilsands Quest, should prompt a
short squeeze over the next couple months before
the September-October update.
And that is my take of the anatomy of a BQI short squeeze.
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6668
Jan 2006 " Oil Sands - 60 Minutes" Documentary -
The Oil Sands Of Alberta & Saskatchewan's Canadian Oil Sands -
Where Black Gold And Riches Can Be Found -
In The Oil Sands -
CBS Correspondent Bob Simon (WMV)
MUST LISTEN /GREAT INTERVIEW/HOPKINS -
http://www.secureretirement.ca/
January 2006 "60 Minutes" documentary -
Here's the link -
http://content.thewebvideo.com/Vidz/Oilsands.wmv
Alberta and Saskatchewan's Oil Sands -
ROBTV - The Street with Bridgitte Anderson -
Dave Forest, senior analyst, Casey Research -
http://ad.ca.doubleclick.net/adx/video.robtv.com/video;mode=d;feed=vod;spd=h;product=video;video_id=....
http://www.robtv.com/articles/rob.tv/335/oilprograms.html
The Largest Known Oil Reserves In The World -
http://www.investorshub.com/boards/board.asp?board_id=6668
http://www.oilsandsquest.com/our_projects/index.html
http://www.oilsandsquest.com/investor_information/presentations/ir_presentation_22_09_06.pdf
http://www.canwestpetroleum.com/
http://tinyurl.com/7qfdp
CWPC Largest Crude Oil Tar Sand Land Holdings -
Saudi Arabia look out -
The bitumen-laden dirt in Northern Alberta and Saskatchewan's
Oil Sands is expected to yield billions of barrels of oil,
making Canada a huge supplier of energy to the world.
With skyrocketing oil prices, this “black gold” is fuelling
Canada’s economy to capacity and providing huge returns for
investors.
The rapid pace of development is straining the infrastructure.
Report on Business Television talks to leading CEO’s,
industry experts and others in a comprehensive exploration
of this Canadian gold rush story.
It’s do-not-miss coverage for investors and investors-to-be!
http://www.oilsandsquest.com/our_projects/index.html
http://otcfn.com/cwpc/articles/cwpc_profile.pdf
http://tinyurl.com/c8uws
http://tinyurl.com/9rwct
http://tinyurl.com/99lky
http://www.investorshub.com/boards/board.asp?board_id=6668
CanWest Petroleum Corporation: Core Drilling Started
December 18 Firebag East Athabasca Oil Sands
Project
http://tinyurl.com/b7nrp
CWPC TA S-Chart *** Alert bullish flag ***
a falling wedge is usually bullish -
PerfChart - Interactive Performance Comparison Chart -
http://stockcharts.com/webcgi/perf.html?CWPC,COS/UN.TO,XOM,SU,ECA,VLO
http://tinyurl.com/c3sza
Stick with the winners - follow the Flow -
Go with the trend -
http://tinyurl.com/7setf
Let's ride them until you have a clear reason to sell -
Let our profits ride - very large profit trades -
can only come from following the long term trends -
to the end of the trend -
It's not how much we make, it's how much we keep -
that matters.
http://finance.yahoo.com/q?s=cwpc.ob
http://biz.yahoo.com/bw/060206/20060206006003.html?.v=1
http://www.canwestpetroleum.com/s/Home.asp
Tia. Brgds.
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
sydneypeakoil.com/phpBB3/index.php
The big picture -
http://www.netcastdaily.com/broadcast/fsn2007-0210-3a.m3u
http://www.sim.org/
http://www.vatican.va
http://tinyurl.com/365wag
Welcome to the Crude Oil Tar Sand Companies discussion board
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |