Lotta Coal Inc.(fka LCOL)

[Barren Realms 007]

Not much interest in this right now.

[wmbz-sc]

Looks great!... NOT!

[Teddy]

When do we become Snowy Owl Corporation? Anytime in April?

[wmbz-sc]

Yep, I know... Been waiting for an update and they come out with an R/S thanks a lot LCOL! Not good indeed.

[anderbest18]

reverse split? not looking good...

[TESLIN]

Thankyou for the update. MAH.

[wmbz-sc]

April 7, 2008 - 5:19 PM EDT


Lotta Coal Announces Results of Majority Shareholder Consent and Corporate Update
Lotta Coal (PINKSHEETS: LCOL) (FRANKFURT: LC5) today announced that the majority shareholders held a special meeting and voted to approve the following:

New Board of Directors shall consist of the following:

Allen Soltis, Chairman
David Hayes, Director
Ronald Evans, Director

New Officers

David Hayes, President & Chief Executive Officer
Marc Gagnon, Chief Financial Officer

Appointment of Auditors:

LaPosta & Associates Inc. were approved and appointed as the auditors of the company.

Merger

The majority shareholders have approved the merger of Lotta Energy Acquisition Corp. and Lotta Energy Corp., whereby the surviving entity shall be Lotta Energy Corp.

Name Change

The majority shareholders have approved the name change from Lotta Energy Corporation to Snowy Owl Energy Corporation. The previous name change had not been reflected by a new ticker symbol due to the merger of Lotta Energy Acquisition Corp. and Lotta Energy Corp. not being completed at the State of Florida Level.

Reverse Split

The majority shareholders have approved a reverse split of the outstanding shares of the company on the basis that each six (6) shares of common stock shall become one (1) share of common stock without changing the par value of the shares of the corporation, provided that no fractional shares of the corporation shall be issued in connection with the reverse split. There is a total of 153,333,255 common stock outstanding, whereby post reverse split a total of 25,555,542 common shares will be outstanding.

Warrants/Subscription Receivable

A total of 228,000,000 were deemed outstanding on a fully diluted basis due to the subscription receivable from Cunningham-Adams Small Cap Fund I, whereby Cunningham-Adams Small Cap Fund I have agreed to cancel said warrants to allow the company to restructure and allow for greater financing. Currently a total of 153,333,255 common shares are outstanding on a fully diluted basis and a total of 25,555,542 common shares on a fully diluted basis post reverse split of 6 to 1.

Farm-out

The company entered into a participation agreement with an Oil & Gas Company based in Switzerland for the drilling of 2 wells on its Lesser Slave Lake (Swan River) property but the Swiss company has not been able to cover the cash call and all agreements have been terminated. The express intent by the Swiss company had been to acquire up to 40% of Lotta for a total of $15 million. The company has obtained alternative funding for the drilling requirement on Lesser Slave Lake and additional funding is being negotiated with Cunningham-Adams Small Cap Fund I.

About Lotta Coal, Inc.

Lotta Coal, Inc. is a unique oil and gas company with three separate wholly owned operating subsidiaries, each with rights to explore and develop oil and gas resources in partnership with different First Nations commercial entities in Northern Alberta, Canada. The Company is publicly traded on the over-the-counter market under the Ticker symbol LCOL, and in Frankfurt LC5.

Shares Outstanding: 153,333,255
Shares Authorized: 400,000,000
Approx. Public Float: 22,000,000

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact:
Ron Evans
Chief Financial Officer
[e-mail]
www.lottaenergy.com

[wmbz-sc]

At least the ask has finally moved up.

[wmbz-sc]

I will... I like you would love to get an update sooner rather that later.

[Barren Realms 007]

Keep your fingers crossed. Let's hope they sart getiing out info on production and more drilling.

[wmbz-sc]

Glad to see the bid/ask tighten up! Also a little more volume, perhaps we'll get an update in the not to distant future.

[Barren Realms 007]

I agree. I figure after the pipeline is done we will start getting more news on what is going on.

[wmbz-sc]

Would love to know what is going on, it's nice to get an occasional update. Hope they are making progress, but so many small companies are terrible at public relations. I'm holding until I hear something. GLTA

[Barren Realms 007]

Haven't heard from them since the last PR about the approval of the pipeline.

[wmbz-sc]

Anyone know what is going on? I can't get a response from the Co. Looks dead.

[Myth]

I agree, some people just refuse to do the due, now you on the other hand leave no stones unturned. So what happened in your opinion ? Is this still a buying opp ?

[Myth]

What do you suppose went wrong ? tia

[wmbz-sc]

Dead in the water? Except the the occasional blip.

[Myth]

Maybe Gordon Gecko can get a hold of him ? lol

[Myth]

Especially doesn't mean squat if its a scam, does it ??

[Barren Realms 007]

I sent him an E-mail a few days ago and he never sent me a reply. GLTY as well

[TESLIN]

I do realise Eric has not been posting but I suspect that he still keeps an eye on what is happening. The next 3/4 months should see a very positive change in Company Development, especially when the gasline is completed. Although Lotta Coal is still a high risk investment, if it is successful it will all be worthwhile. Good luck to you.

[Barren Realms 007]

Hi TESLIN ERIC hasn't been on for months.

[wmbz-sc]

Lotta Energy Submits Final Application for Two Drilling Locations on Swan River Lands
Lotta Energy (PINKSHEETS: LCOL) (FRANKFURT: LC5) today announced that it has submitted final applications for approval of two drilling locations (gas) on the Swan River Reserve.

"Approval is expected within 7 days, and drilling is anticipated to commence within 7 days of approval," said Dr. Nicolas Matossian, President and CEO of Lotta Energy. "This initial drilling will signify the beginning of a 20-30 well program on these lands. With the results of these wells and a 3D seismic program currently planned for Q2 2008, we will be able to fine tune our exploration and development plan for the next 24 months activity," he added.

About Lotta Energy Inc.

Lotta Energy Inc. is a unique oil and gas company with three separate wholly owned operating subsidiaries, each with rights to explore and develop oil and gas resources in partnership with different First Nations commercial entities in Northern Alberta, Canada. The Company is publicly traded on the over-the-counter market under the Ticker symbol LCOL, and in Frankfurt LC5.

Shares Outstanding: 228,000,000
Shares Authorized: 400,000,000
Approx. Public Float: 22,000,000

[TESLIN]

There is a P.R. out today,issued by the Company President.It states that approval for two initial drilling sites is expected in the next seven days at the Swan River Reserve. On receiving approval, drilling is to commence within another seven days. The P.R. can be found on 'Free Real Time.com' [LCOL/NEWS]

[PIZZABUSTER1]

maybey they can play the banjo on coalbed methane sombraro,,, hit the ask tedddy ,, dont look back,,,

[PIZZABUSTER1]

hey erick how it goes,,,, what can u tell me about this one ,, can we make some cash back,,,,, hows things going,,,, good luck , let me know what the bottom line on this one,,,, good luck and god bless

[Teddy]

With everything going on with Chavez why would we not want to stay with LCOL?

[Barren Realms 007]

CHAVEZ AGAIN: o.k.,,, BIG NEWS ITEM FOR WE OIL USER OF U.S.A.

http://biz.yahoo.com/ap/080212/venezuela_us_oil.html
Venezuela Halts Oil Sales to Exxon Mobil
Tuesday February 12, 9:27 pm ET
By Fabiola Sanchez, Associated Press Writer
Venezuela's State Oil Company Halts Oil Sales to Exxon Mobil

CARACAS, Venezuela (AP) -- Venezuela's state oil company said Tuesday that it has stopped selling crude to Exxon Mobil Corp. in response to the U.S. oil company's drive to use the courts to seize billions of dollars in Venezuelan assets.

Exxon Mobil is locked in a dispute over the nationalization of its oil ventures in Venezuela that has led President Hugo Chavez to threaten to cut off all Venezuelan oil supplies to the United States. Venezuela is the United States' fourth largest oil supplier.

Tuesday's announcement by state-run Petroleos de Venezuela SA, or PDVSA, was limited to Exxon Mobil, which PDVSA accused of "judicial-economic harassment" for its efforts in U.S. and European courts.

PDVSA said it "has paralyzed sales of crude to Exxon Mobil" and suspended commercial relations with the Irving, Texas-based company.

"The legal actions carried out by the U.S. transnational are unnecessary ... and hostile," PDVSA said in the statement. It said it will honor any existing contracts it has with Exxon Mobil for joint investments abroad, but reserved the right to terminate them if permitted by the terms of the contracts.

It was unclear how much oil PDVSA supplies to Exxon Mobil, the world's biggest publicly traded oil company. Both Chavez and Oil Minister Rafael Ramirez previously said the company is no longer welcome to do business in Venezuela.

Venezuela's decision leaves up in the air the situation of a refinery in Chalmette, La. -- a joint venture supplied by Venezuelan oil in which PDVSA and Exxon Mobil are equal partners.

Exxon Mobil spokeswoman Margaret Ross declined to comment on the move by Venezuela but added that "it is our long-standing practice to take appropriate steps to meet our customers' needs."

Exxon Mobil is challenging the Chavez government's nationalization of one of four heavy oil projects in the Orinoco River basin, one of the world's richest oil deposits.

A British court issued an injunction last month temporarily freezing up to $12 billion of PDVSA's assets. Exxon Mobil also has secured an "order of attachment" from U.S. District Court in Manhattan on about $300 million in cash held by PDVSA. A hearing to confirm the order is scheduled for Wednesday.

Other oil companies including Chevron Corp., France's Total, Britain's BP PLC and Norway's StatoilHydro ASA have negotiated deals with Venezuela to continue as minority partners in the nationalized projects. ConocoPhillips and Exxon Mobil balked at the government's tougher terms and have been in compensation talks with PDVSA.

Earlier Tuesday at an energy conference in Houston, Exxon Mobil senior vice president Mark Albers declined comment on any court proceedings with Venezuela, though he said the company is eager to negotiate fair compensation for its assets.

Exxon Mobil is taking the dispute to international arbitration, to which Venezuela has agreed. Its legal actions essentially seek to corral Venezuelan assets ahead of any decision by the arbitration panel.

Venezuela's announcement came after Ramirez, the oil minister and PDVSA president, reiterated in a newspaper interview Tuesday that Venezuela is ready to cut off oil supplies to the United States if pressed into an "economic war."

"If they want this conflict to escalate, it's going to escalate. We have a way to make this conflict escalate," Ramirez was quoted as saying.

The White House on Tuesday declined to comment on Venezuela's threat. "When there's a litigation that's ongoing, different parties will say anything to try to win over on an argument," said White House press secretary Dana Perino.

Meanwhile, Venezuelan state television has begun airing short anti-Exxon segments, with a message appearing on the screen in red text reading: "Exxon Mobil turns oil into blood."

The U.S. remains the No. 1 buyer of Venezuelan oil, and Chavez relies largely on U.S. oil money to stimulate his economy and bankroll social programs that have traditionally boosted his popularity.

Some analysts say it would make little sense for Chavez to follow through on his broader threats to cut off oil sales to the U.S. because Venezuela owns refineries in the United States that are customized to handle the South American country's heavy crude.

Ramirez said Venezuela is selling the U.S. a daily average of 1.5 million barrels of crude and other products derived from oil.

Associated Press business writer John Porretto in Houston contributed to this report.

[Barren Realms 007]

I think it is going to depend on the pressure and the pumps that are put it to pump the gas.

Does anyone know the maximum gas flow on a four inch gas line? TIA.

[TESLIN]

Does anyone know the maximum gas flow on a four inch gas line? TIA.

[Barren Realms 007]

We should see some good results by the end of the year.

[wmbz-sc]

Right... We'll keep an eye out for updates and I will post anything that I come across. I hope the Company will keep the pressure on and get their program up and running. Time will tell!

[Barren Realms 007]

Lets hope they go on a drilling program once the pipe line is down.

I agree... I would like to see an update giving some kind of time frame for line approval. I know things take time, however once the paper work is filed the approval process can only take so long.

[wmbz-sc]

I agree... I would like to see an update giving some kind of time frame for line approval. I know things take time, however once the paper work is filed the approval process can only take so long.

[Barren Realms 007]

It will be nice when they start delivering gas thru the line. Would be nice to know about the other wells they were going to drill.

I dropped an e-mail trying to get an idea of when board approval may come about. Just trying to get some kind of time frame.


According to the company, Black Arch Resources will begin construction of the pipeline upon receiving the final survey and Alberta Energy and Utility Board approval.

[wmbz-sc]

I dropped an e-mail trying to get an idea of when board approval may come about. Just trying to get some kind of time frame.


According to the company, Black Arch Resources will begin construction of the pipeline upon receiving the final survey and Alberta Energy and Utility Board approval.

[Spiral Tiger 1]

A1TE Peace West Energy Corporation
300, 508 - 24 Avenue SW Calgary, AB T2S 0K4 [phone]

http://www.ercb.ca/portal/server.pt?open=512&objID=252&PageID=0&cached=true&mode=2

0.13 Security Adjusted LMR

Have A Nice Evening !
S T 1

[TESLIN]

Thankyou for the update. Future developement of this Company could start to become very interesting! Best wishes and good fortune to all longs. MAH.

[wmbz-sc]

NEWS... Sounds good to me!

http://www.marketperiscope.com/cgi-bin/showart?article=J021inw0141

[Teddy]

Now for the best one yet. Read the latest press release for RGNO! It seems that I am now invested in a musical oil stock! LOL! We are looking at a turnaround from an oil and gas play to something to do with music and entertainment. You should take a look at this one!

[Barren Realms 007]

Good report. Hope expectations are high. Now for it to go lower so I can get my shares back again.

At long last a decent press release that actually addresses investor concerns. There is still hope for this stock!

[Teddy]

At long last a decent press release that actually addresses investor concerns. There is still hope for this stock!

[Barren Realms 007]

Great keep us informed on what you find.

O.K., may be able to confirm...
the recent P.R. with this information.
If so... could restore interest and investors confidence.
Have A Great Day !
S T 1

[Spiral Tiger 1]

O.K., may be able to confirm...
the recent P.R. with this information.
If so... could restore interest and investors confidence.
Have A Great Day !
S T 1

[wmbz-sc]

http://www.marketperiscope.com/cgi-bin/showart?article=J016inw0112

[Barren Realms 007]

Ok that answers it.Let us know what you find out on this. Thanks.

Business Associate Codes (ST104A)
(updated monthly)

This replaces the previously published Company Codes list.

It provides Business Associate (BA) codes for companies.

It includes licensees and agents but also includes companies (e.g., drilling companies) that have codes but are not registered licensees or agents.

http://www.ercb.ca/portal/server.pt/gateway/PTARGS_0_0_201_0_0_35/http%3B/ercbContent/publishedcontent/publish/ercb_home/industry_zone/rules__regulations__requirements/reference_codes/
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
To: Inquiries
Subject: Approval from the Alberta Energy Utility Board ?
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
What do you think the answer was I got back from the Alberta Energy Utility Board for the following question ???

Would you please confirm that "Peace West Energy Corporation" or... "Lotta Energy Corporation"... or maybe... "Lotta Coal Inc". ... has actually applied for approval for a pipeline and feeder system .

Do I need to post more !@!

Have A Nice Evening !
S T 1

[Barren Realms 007]

Ok call me stupid what am i looking at?

Business Associate Codes (ST104A)

Updated: December 29 2007
EUB ID Code = A1TE

A1TE - Peace West Energy Corporation 300, 508 - 24 Avenue SW Calgary, AB T2S 0K4 [phone]

S T 1

[Spiral Tiger 1]

Business Associate Codes (ST104A)

Updated: December 29 2007
EUB ID Code = A1TE

A1TE - Peace West Energy Corporation 300, 508 - 24 Avenue SW Calgary, AB T2S 0K4 [phone]

S T 1

[Spiral Tiger 1]

Business Associate Codes (ST104A)
(updated monthly)

This replaces the previously published Company Codes list.

It provides Business Associate (BA) codes for companies.

It includes licensees and agents but also includes companies (e.g., drilling companies) that have codes but are not registered licensees or agents.

http://www.ercb.ca/portal/server.pt/gateway/PTARGS_0_0_201_0_0_35/http%3B/ercbContent/publishedcontent/publish/ercb_home/industry_zone/rules__regulations__requirements/reference_codes/
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
To: Inquiries
Subject: Approval from the Alberta Energy Utility Board ?
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
What do you think the answer was I got back from the Alberta Energy Utility Board for the following question ???

Would you please confirm that "Peace West Energy Corporation" or... "Lotta Energy Corporation"... or maybe... "Lotta Coal Inc". ... has actually applied for approval for a pipeline and feeder system .

Do I need to post more !@!

Have A Nice Evening !
S T 1