I'm impressed.Looks like EGY got more than a dollar boost from the NYSE listing.Dropping a bit now.Hard to say if that is from the momo players leaving or price of crude dropping under $60 again.

This half assed yahoo list,there is no vaalco on it.

10 Top-Rated Low-Priced Stocks
Investors would generally prefer to own 1000 shares of a $5 stock rather than 50 shares of a $100 stock. But a stock’s price says nothing about its potential as an investment. That said, these low-priced stocks do have plenty of positive traits. More...

1. Brocade Communications Systems (BRCD) - View IBD Stock Checkup
Composite Rating: 99*. The strong price performer in the Computer-Networking group has a 3-year EPS growth rate of 93%. Accumulation/Distribution Rating: A**
2. American Oriental Bioengineering (AOB) - View IBD Stock Checkup
Composite Rating: 98. Annual profit margin at the China-based maker and distributor of plant-based pharmaceutical and nutraceutical products hit a high of 32.6% in 2005. Accumulation/Distribution Rating: A-
3. CDC Corp. (CHINA) - View IBD Stock Checkup
Composite Rating: 98. The Hong-Kong based maker of CRM and supply-chain management software is up 87% year-to-date compared to a 16% gain for its industry group, Computer Software-Enterprise. Accumulation/Distribution Rating: A
4. SimpleTech (STEC) - View IBD Stock Checkup
Composite Rating: 94. Lehman Bros. recently upgraded the memory chipmaker to overweight from equal-weight. Accumulation/Distribution Rating: A+
5. Tibco Software (TIBX) - View IBD Stock Checkup
Composite Rating: 94. In late September, the company reported a 40% rise in third-quarter profit. Sales rose 14% to $120.4 million. Accumulation/Distribution Rating: B+
6. Bitstream (BITS) - View IBD Stock Checkup
Composite Rating: 93. The micro-cap stock, with a market capitalization of $83 million, has been a strong performer in the Computer Software-Desktop group. Accumulation/Distribution Rating: B+
7. Siliconware Precision (SPIL) - View IBD Stock Checkup
Composite Rating: 92. Annual return on equity at the Taiwan-based chipmaker hit an all-time high of 20.2% in 2005. Accumulation/Distribution Rating: C
8. RF Micro Devices (RFMD) - View IBD Stock Checkup
Composite Rating: 90. The maker of wireless chips for cell phones and other devices will report earnings on Oct. 24. Analysts see profit rising 150% to 10 cents a share. Accumulation/Distribution Rating: A
9. ICO Inc. (ICOC) - View IBD Stock Checkup
Composite Rating: 90. Its industry group, Chemicals-Plastics, ranks 7th in IBD’s 197 Industry Group rankings, up from 60th three months ago. Accumulation/Distribution Rating: B
10. Angeion (ANGN) - View IBD Stock Checkup
Composite Rating: 90. The maker of cardio-respiratory monitoring machines gapped up on Sept. 11 after reporting strong third-quarter results. Accumulation/Distribution Rating: A-

Escopeta have a track record in the area and the potential at stake is enormous. We will find out a lot of the answers when drilling starts next year.

For me,this is the biggest question.Will the rig actually depart for cook inlet?IMO,saying contracts have been signed and deposits paid does not guarantee it will happen.There is huge demand for rigs.Will our little deal get shoved aside?

This doesnt seem like really good news to me.
Surge Global Energy Announces Production Test at Sawn Lake Concludes
Thursday October 12, 4:18 pm ET


SAN DIEGO, Oct. 12, 2006 (PRIMEZONE) -- Surge Global Energy, Inc. (OTC BB:SRGG.OB - News), a major shareholder of Signet Energy, Inc. (``Signet''), the operator of the Sawn Lake Oil Sands Development, today announces the results of the production test of the horizontal wells with surface locations at 4-32-91-12W5M (``4-32'') and 7-30-91-12W5M (``7-30'').
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The vertical sections of the wells at 4-32 and 7-30 were cored, logged and drill-stem tested in the Bluesky formation (the ``formation''). The cores indicate that the formation has porosity greater than 30%, permeabilities ranging up to eight Darcies, and are impregnated with heavy oil. Log analysis assigns net oil pays of 23 and 22 meters to the 4-32 and 7-30 wells respectively with average oil saturations over the pay sections of 78 and 68 percent, respectively. Analysis of the oils spun out of the cores at 4-32 and 7-30 locations indicate an extrapolated viscosity oil of approximately 500,000 centistokes at 20 degrees Celsius which is approximately the temperature of the formation at Sawn Lake.

While the analysis of the cores and logs of the 7-30 well show high average oil saturation over the pay zone, to date the well has produced water with some showings of flecks of oil not suitable for assay.

The ratio of vertical to horizontal permeability within the oil-bearing sands, a critical parameter in any thermal recovery scenario, was unusually high in 4-32 well. Preliminary analysis of the 7-30 indicates similar permeability characteristics. However, analysis of the oils spun out of the cores at the 4-32 and 7-30 locations and oil samples indicate an oil viscosity that would not flow under a conventional production scenario. This preliminary oil analysis combined with the absence of produced oil from the wells indicates no conventional heavy oil production potential.

A fourth planned well located at 13-29-91-12W5M as previously announced will not be drilled. Drilling of this well at its proposed location would not have provided any significant additional geological or reservoir information beyond that of the three completed and production tested wells. The 4-32 and 7-30 along with the 1-36 well which was production tested earlier in 2006, have been suspended.

As the focus of the operations to date have been on the cold flow productive potential of the formation as envisioned by the farmout arrangement, no assessment of the in-situ production capability has been made to date.

Signet Energy and The Sawn Lake Oil Sands Development

Signet Energy Inc. is a Calgary based independent private company with a strategy to develop into a North American focused heavy oil producer with its activities at this time directed to the delineation of the heavy oil resource oil sands leases and permits comprising 50,240 contiguous acres located in the Sawn Lake area of Alberta's Peace River oil sands region. Signet owns a 100% interest in 5,760 acres contiguous to the Sawn Lake property it acquired at land sale in September 2006 and as Operator of the Sawn Lake property has the right to earn 40% working interest in the 44,480 acres Sawn Lake property through the completion of a 10 horizontal well program for which Signet is responsible for 80% of the drilling costs. To date Signet has drilled three wells to earn a 40% interest in 11,520 acres in the Sawn Lake property. An independent geological and engineering analysis of the oil sands asset of the Sawn Lake property indicates there are over 1.2 billion barrels of heavy oil resource in place on the property of which Signet's net interest after completion of the earn-in would be up to 480 million barrels of heavy oil.

First Majestic - Acquisition of DESMIN Closing

By First Majestic Resource Corp.
05 Oct 2006 at 01:11 PM EDT


VANCOUVER, B.C. -- First Majestic Resource Corp. (FR-V) (the "Company") is pleased to announce that further to its news release dated August 31, 2006 the company has now completed its due-diligence of DESMIN. As previously announced the company signed a Letter Agreement to acquire 100% of the issued and outstanding shares of Desmin S.A. de C. V. ("Desmin"), a privately held Mexican mining company.

Desmin's primary asset is an exploitation contract with Penoles which covers the operations of La Encantada Silver Mine located at the Coahuila State in Mexico. The exploitation contract between Desmin and Penoles gives Desmin the right to all properties within the 700 hectare land package, including the operations of the mine and mill and all the auxiliary installations and associated equipment. It has been agreed that the Company will pay US$1.5million for all the issued and outstanding shares of Desmin resulting in Desmin becoming a wholly owned subsidiary of the Company.



The due diligence that included financial, legal, geological and engineering reviews has now been completed. No material issues of concern were discovered during this process. Therefore, the Company has agreed to close the acquisition of DESMIN for the agreed purchase price consisting of three equal payments of US$500,000. The first payment will be due on closing, the second will be due on the 3 month anniversary and the 3rd and final payment will be due on the six month anniversary. Closing is anticipated to complete within three to four weeks.

The La Encantada Silver Mine is presently producing 800,000 ounces of silver per year. The mill, which has a total capacity of 800 tpd, is processing 250 tpd of oxide ore grading 500 gpt Ag, which represents less then 40% capacity of the mill. The Company anticipates that these production numbers can be improved significantly over the coming months. In addition, the surrounding ground of 700 hectares represents excellent exploration and development potential with several areas of immediate interest already defined.

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a mid-tier silver producer through development of its existing assets and the pursuit through acquisition of additional assets that make sense to achieving its corporate objective.

I dont expect much of an increase for the NY listing but I will be happy to take anything.Main attraction for me is excellent potential for growth in production and reserves in not the most risky parts of the world.

Did they make a quarterly profit?


Income Statement Get Income Statement for:




View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 31-Dec-05 30-Sep-05 30-Jun-05 31-Mar-05
Total Revenue - - - -
Cost of Revenue (508) 516 - -

Gross Profit 508 (516) - -

Operating Expenses
Research Development - - - -
Selling General and Administrative 31 (17) 118 185
Non Recurring (127) - - -
Others - - - -

Total Operating Expenses - - - -


Operating Income or Loss 605 (500) (118) (185)

Income from Continuing Operations
Total Other Income/Expenses Net (127) - 127 -
Earnings Before Interest And Taxes 477 (500) 9 (185)
Interest Expense - (456) - 456
Income Before Tax 477 (43) 9 (641)
Income Tax Expense - - - -
Minority Interest - - - -

Net Income From Continuing Ops 477 (43) 9 (641)

Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -


Net Income 477 (43) 9 (641)
Preferred Stock And Other Adjustments - - - -

Net Income Applicable To Common Shares $477 ($43) $9 ($641)

ADMIRAL BAY PROVIDES OPERATIONAL UPDATE

- To date in 2006, the Company has drilled over 155 wells

Centennial, Colorado 3 October 2006

Admiral Bay Resources Inc. (TSX.V: ADB) is pleased to provide an update on its 2006 Development Program. Under the Program, the Company has targeted the drilling of 200 wells across all projects for 2006. To the end of September, the Company has now drilled 157 wells at its Kansas gas projects, bringing the total number of wells drilled and/re-activated in Kansas to 255 wells. The Development Program has focused on the Shiloh and Mound Valley projects, with the drilling of 103 wells at Shiloh and 48 wells at Mound Valley. In addition, Admiral Bay has drilled 4 wells at the Devon project and 2 initial test wells at Santa Rita project. The Company has also installed over 28 miles of pipeline to date in 2006.

There are currently 111 wells at the Shiloh and Devon projects on production, which are at various stages in the dewatering process. In addition, the first 19 wells at Mound Valley are dewatering and will be placed on production shortly. With increased availability of the pressure pumping services in the project area, Admiral Bay can now focus on completing and putting in to production, its large inventory of wells drilled during the summer months.

The Company continues to increase its CBM expertise in the field with the recent hiring of Mr. Lee Corbett, the former Production Supervisor with Quest Resource Corporation, a significant gas producer in the Cherokee Basin. Mr. Corbett will fill the same position with Admiral Bay and will be responsible for the implementation of the Company's Development Plan at its Kansas projects.

In addition, Questa Engineering Corporation of Golden Colorado, the Company's reserve engineers, are nearing completion of an updated reserve report for Admiral Bay's Kansas and Pennsylvania projects. The report will be as at July 31, 2006 and is expected to be released within the next 45 days.

Oct 2 (Reuters)- Vaalco Energy Inc. (EGY.A: Quote, Profile, Research) on Monday said it has been approved for listing on the New York Stock Exchange and is expected to begin trading on the exchange on Oct. 12, under the symbol (EGY.N: Quote, Profile, Research).

The energy company said its last day for trading on the American Stock Exchange will be Oct. 11.

SAN DIEGO, Sept. 19, 2006 (PRIMEZONE) -- Surge Global Energy, Inc. (OTC BB:SRGG.OB - News), a major shareholder of Signet Energy, Inc. (``Signet''), the operator of the Sawn Lake Oil Sands Development, today announced the completion of drilling the second and third wells in the Bluesky Formation at Sawn Lake. At this time, Signet Energy will not be drilling the fourth well at it's proposed location since it would not provide any additional geological information in it's delineation of the Sawn Lake Reservoir beyond that of the two recently completed wells in the same vicinity. The company is currently evaluating the two horizontal wells recently drilled and completed. Updates on the evaluation will follow over the next several weeks.
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Background Information about the Sawn Lake Oil Sands Development:

The Sawn Lake Oil Sands Development has been estimated by two respected third-party petroleum engineering firms to contain a total of 820 million to 1.2 billion barrels of oil resource in place, of which Signet Energy can earn a 40 percent working interest on all contiguous sections covering 44,480 acres in the Sawn Lake area of Alberta, Canada. Signet has commitment to drill a total of 10 wells, each well drilled earns Signet an interest in the field; one well has been drilled and completed to date and demonstrated cold flow reservoir characteristics. To date Signet has earned a 40 percent working interest in 18 sections. Deep Well is being carried by Signet for the first 10 wells and thereafter, Deep Well is required to pay their 40 percent share, along with each of the two other 10 percent working interest partners that pay their share of completion, production test and operating costs.

Well,after some consideration...
I have come to the conclusion.....
You are absolutely right!

UPGRADES & DOWNGRADES HISTORY
Date Research Firm Action From To
15-Sep-06 Matrix Research Initiated Strong Buy
5-Jul-06 Jefferies & Co Downgrade Hold Underperform
1-Dec-05 Jefferies & Co Initiated Hold

Fortune
Fortune: Fastest Growing: VAALCO Energy ranks No. 1
Thursday September 14, 3:02 pm ET


VAALCO Energy ranks no. 1 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The Houston, Texas-based company saw profits rise at a rate of 147% and revenues grow 81% with a stock return of 116% on average annually over the past three years.
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Each year, Fortune's ranking of Fastest-Growing Companies provides a snapshot of America's economy, and this year the picture is drenched in oil. Last year 18 energy firms cracked the top 100 - up from four in 2000. Now more than a third of the roster - 34 companies - are in the energy biz.

But oil is hardly the whole story. Computer and biotech firms make their usual strong showing. Catering to Americans' obsession with how they look (and how well they see) has been remarkably lucrative: LCA-Vision, a laser surgery provider, lands at no. 5, followed closely by Palomar Medical Technologies, which makes laser devices used in cosmetic skin treatments.

This year, just two homebuilders made the cut: Toll Brothers at No. 98 and Meritage Homes at No. 99. Last year there were four homebuilders and two land developers on the list.

Fortune's 100 Fastest-Growing Companies list is an annual ranking of U.S. companies by three-year growth in sales, profits and total return that meet key criteria for sales, profit and market capitalization size and sales and profit growth.

Other energy companies on the list this year include: Edge Petroleum, Frontier Oil, Valero Energy, Sunoco, and ConocoPhillips.

FR.V.Interesting theory from stockhouse board.
This is the way I see it:
It is no accident that the "bad" report was released by the company on the same day that First Silver Reserve and First Majestic were to merge. The company did not have to release that report, but rather chose to release the report on the same day.

This is because of the way the merge was structured..... FSR shares can be traded 2 for 1 OR BE REDEEMED GUARANTEED for C$2.15 each. So in order to save FR at least 10 million on the aquisition they want as many FSR shareholders to chose the later option (cash).

On this past Monday morning, the options would look like this:

Take a C$5.00 FR share for 2 shares of FSR / or the guanteed cash of $C4.30 (2 shares of FSR cash value = 2.15 + 2.15).

After the bad story plant and subsequent dumping by intermediaries on Thursday morning:

Take a C$3.40 FR share for 2 shares of FSR or the cash - C$4.30.

By making the cash option more appealing, FR saves at least 10 million bucks !!!

Is this illegal ? - certainly yes.... Should FSR shareholders be outraged ? certainly yes .... Can you prove this in court.... I doubt it.

World is full of greed and avarice.

Question: How long does the FSR have to redeem shares for option a or b?

Bloody hell.First Majestic gets it head taken off.They drilled a lot of holes in one of their properties and never found anything worth mining.On sale now 1/3 off.

Why Stocks May Climb “Wall of Worry”: Sometimes Jeremy Siegel Ph.D. he gets it right. Here are excerpts from his piece yesterday::

I believe that odds are about five to one against the U.S. falling into a recession over the next year. There is no doubt plenty to worry about, and pessimists point to two major risks in the economy: soaring oil prices and a severe housing slowdown.

Oil prices would soar if the Mideast melts down into open warfare or if an effective terrorist attack struck oil supplies. In this hurricane season, there is also the possibility that another Katrina-like storm could disrupt oil and gas production in the Gulf.

The housing sector is a risk because if house prices decline severely and the consumer responds by sharply curtailing his spending, this would greatly harm the economy. A lot of consumption has been spurred by funds generated through second mortgages and home equity loans. If homeowners see capital gains on their homes turn to losses, it could spell trouble for the consumer sector.

But I think both of these risks are unlikely to occur. Oil producing countries are as addicted to their revenue from oil as we are to using it. They also know if they set the price of oil too high, determined conservation will hurt their long term prospects. Embargoes against specific countries (such as Iran against the U.S.) don’t work because oil is a transferable commodity from a world-wide supply. The total oil pumped, not who sells what to whom, is the critical factor determining the price.

Furthermore, the energy markets have built these risks into prices. Seventy dollar oil already contains a $10 to $20 dollar premium for the grim possibilities mentioned above. That does mean that a disaster won’t send the price of oil soaring. But it means that in the absence of these disrupting events, oil prices will fall (note the sharp decline in such prices when Ernesto veered away from the Western Gulf).

Similarly a housing bust will set into motion events that will limit the impact of reduced housing expenditures on the rest of the economy. Housing is a big user of borrowed funds and a downshift in that sector will reduce loan demand and lower interest rates. A housing decline will also takes pressure off of sensitive commodity prices such as lumber, copper, and other materials used in construction. This will allow the Fed to ease monetary policy if necessary.

And it is very unlikely that a moderate fall is housing prices will send homeowners into shock. Only wide-eyed optimists felt the housing prices would continue their rise (see my article “Is Real Estate a House of Cards” on Yahoo! Finance from last December) and most level-headed homeowners at the peak of the bubble assumed prices would eventually stabilize or even decline. Even if housing starts in 2006 fall 20% below the 2005 level, that would still be well above the average of the last 20 years.

It’s a well-known (and true) Wall Street aphorism that markets hate uncertainty. Investors do not like to make commitments when there are major risks ahead. Anxious investors claim they will put money in the stock market only when major sources of uncertainty are resolved.

But there has always been uncertainty in our economy. If investors waited until all uncertainties worked themselves out, they will never have bought stocks.

Professionals call the ever present risk facing investors the “Wall of Worry.” History shows that stocks have often climbed this “wall of worry,” amply rewarding investors who stay with equities. Uncertainty is one of the reasons why the stock market has over the long run been such a good investment and why stock returns have sported such a hefty premium return over fixed income assets.

No one knows what the future will bring. There will always be risks in buying stocks and if worst-case scenarios materialize, stock will no doubt fall. But I think the odds favor continued economic expansion and if this turns out to be the case, stocks will no doubt be your best investment.

OT. A Russian scientist and a Czechoslovakian scientist had spent their lives studying the grizzly bear.

Each year they petitioned their respective governments to allow them to go to Yellowstone to study the bears. Finally, their request was granted, and they immediately flew to Yellowstone.

They reported to the ranger station and were told that it was the grizzly mating season and it was too dangerous to go out and study the animals. They pleaded that this was their only chance, and finally the ranger relented. The Russian and the Czech were given portable phones and told to report in every day.

For several days they called in, and then nothing was heard from the two scientists.

The rangers mounted a search party & found the camp completely ravaged, with no sign of the missing men.Following the trails of a male and a female bear, they finally caught up with the female.

Fearing an international incident, they decided they must kill the animal to find out if she had eaten the scientist.

They killed the female and opened the stomach to find the remains of the Russian scientist.

One ranger turned to the other and said, "You know what this means, don't you ?"

The other ranger nodded and responded......

"I guess that means the Czech is in the male."

Oil is close to running out, and chaos will follow, according to a US expert.


Richard Heinberg is an unlikely latter-day Jeremiah. The contrast between this quietly spoken Californian college professor and accomplished classical violinist and his explosive message couldn't be more marked.

Heinberg, who is embarking on an Australia-wide speaking tour, is a leading proponent of the "peak oil" theory.

Peak oil is shorthand for the premise that the amount of oil left for us to use has "peaked" (or is just about to peak). Once worldwide production begins to fall and with no corresponding decrease in demand, oil prices will skyrocket, leading to widespread chaos.

How bad will it be? If Heinberg is to be believed, the impending dislocation caused by the end of the oil era will be about as bad as it gets.

From global resource wars as oil-dependent economies battle for control of remaining resources to widespread famine caused by the slowdown in oil-dependent agribusiness, the picture he paints is nothing short of cataclysmic.

Reactions to his predictions vary. "I've got some pretty virulent hate mail," he says. "But I have to say I've got mostly thanks from people for alerting them to this. I'm a little surprised because the message is so dire that when people first encounter the information it is a bit traumatic. Some people have to go through a period of psychological adjustment. Maybe they are better off not knowing, I don't know."

AdvertisementAdvertisementMuch of the work contained in Heinberg's three books is based on the ideas of the geophysicist M. King Hubbert, who first drew attention to the finite nature of oil resources in the 1950s. Viewed through Hubbert's eyes, the classic bell curve graph of accelerating oil production then accelerating scarcity takes on a distinctly chilling aspect.

Heinberg's personal epiphany came in 1998 when he came across a paper from a British geologist, Colin Campbell, predicting that oil production would peak in 2007. "It clicked with me straight away," he says.

"Resource depletion is something I had been concerned about for quite a long time but I had been looking at resources like water, topsoil, metal, natural fertiliser and so on, so finding out oil was in this precarious situation was surprising but not completely unimaginable."

In Heinberg's analysis, one of the fundamental problems with oil is, ironically, that it is such an efficient energy source. It's because of this efficiency that he remains sceptical about the prospect of renewable energy sources filling the gap when the oil runs out.

"I'm a huge advocate of renewables," he says. "I have photovoltaic panels on my roof and drive a biodiesel car but realistically I don't think we can expect renewables to replace fossil fuels any time soon without reducing our total energy consumption quite dramatically.

"It's not just going to be a matter of replacing gasoline with something else and continuing on our merry way. We're actually going to have to change our transportation systems and reduce the amount of transportation that we do." Heinberg is also sceptical of the prospect of biofuels saving the day.

"It's clear ethanol and other biofuels are going to entail a trade-off between food and fuel. If we try to replace gasoline and diesel fuels with biofuels we'll simply fail because we don't have enough land and people will starve in the process."

Nuclear power is similarly dismissed as being fraught with too many technical, economic and environmental hurdles. If we are to gently surf the downward slope of Hubbert's bell curve rather than precipitously tumble off the edge, Heinberg says, it will take a social transformation of no lesser magnitude than the industrial revolution.

"I don't think we are going back to exactly how people lived 200 years ago but we are going to need lots more human labour in agriculture and that means the middle class is going to start shrinking."

Overall population levels will also have to shrink worldwide. On the back of oil's one-time energy dividend the world's population has increased sixfold, creating an unsustainable, self-perpetuating cycle needing more and more oil.

Manufacturing will again become a local business in the post-oil era as the interdependencies of global trade are unwound. International trade will continue but it will be restricted to luxuries and exotic items. People will work and shop close to home and even grow some food in their own backyards - just as many of our parents did.

"I think that's going to be good for people and good for communities," Heinberg says. "If the transition is accomplished in a co-ordinated way it's going to mean more jobs and more satisfying jobs for people.

"If you look at the end of the process it's not hard to paint a fairly attractive picture. The problem is how we get there - very few communities are planning for this transition. [But] if we just let market forces rule, the result is going to be economic, political and social chaos in the intervening period."

Sweden is one community that is planning for the transition. An inquiry into energy consumption reported in June, producing a startling document entitled Making Sweden an Oil-Free Society.

The report, which has the imprimatur of the Prime Minister, Goran Persson, sets out a range of measures that will break the nation's dependence on oil by 2020. While the authors admit it is ambitious, there is no doubting their sincerity or their belief in the gravity of the situation.

Heinberg contrasts the Swedish approach with that of most of the rest of the developed world, which he says is characterised by public denials of the threat and aggressive actions to grab as much as possible of what oil is left. In this latter category he places the US-led invasion of Iraq.

Heinberg's most recent book, The Oil Depletion Protocol, canvasses practical ways to make the transition to an oil-less world. At its heart is the protocol drafted by Colin Campbell under which individuals and states pledge to reduce consumption by at least the world depletion rate.

There is no doubt it would work. However, Heinberg admits implementing it would be hugely problematic. But, he says, anyaction is better than nothing.

"If I had a bet on what the state of the world would be in 50 years I think I'd say it's not going to be a very happy place but the more we do the better off we will be," he says. "I think it's more important to be making whatever positive changes we can than just wailing and gnashing our teeth and bemoaning our collective fate."

Sawn lake oil isnt bitumen.It can be pumped up cold.eom

Probably doesnt relate to real gold.But for those of us holding gold stocks.I have recently been fearful of a market crash.And I believe,in a 1987 type crash,everything will go down.Yes,gold stocks may recover faster and sooner,but I can do without the pain.
I agree with Hulbert.Brinker has one of the best guru records.And he works with stuff we can understand,unlike Crawford and Mahendra.So it looks like Brinker is not seeing any market disasters in the rest of this year.So I can be a little more comfortable with my gold stocks.

Brinker
According to the Hulbert Financial Digest, Brinker's Marketimer is up only 4.64% over the past 12 months vs. 5.43% for the dividend-reinvested Dow Jones Wilshire 5000. Over the last 10 years, however, Marketimer gained 11.4% annualized vs. 9.4 percent annualized for the DJ Wilshire 5000. Which is why Mark Hulbert consistently consults Marketimer when reviewing what the best market timers are saying. See June 1, 2006 column
There's another risk in writing about Brinker. Many subscribers have never forgotten what they regard as a disastrous Brinker trade in 2000 and his subsequent cover-up. (In a special bulletin, but not in his model portfolio, Brinker suggested Nasdaq 100 Trust (QQQ : Nasdaq-100 Trust 1
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4:07pm 08/28/2006

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QQQ38.61, +0.29, +0.8%) , the Nasdaq 100 exchange-trade fund on the American Stock Exchange. So HFD did not count it - just as well, because it promptly collapsed. Avalanches of email attack any favorable mention of him. See Aug. 22, 2002 column
Heroically disregarding this risk, however, I can report that Brinker, although obviously bruised by the stock market stall this year, is still (thoughtfully) bullish.
His most recent letter -- despite his prominence on radio and television, Brinker still sticks to the traditional newsletter pattern of once-a-month mailings -- makes this clear: "We continue to believe that the 2006 closing low for the S&P 500 Index will be within a few percentage points of the 1250 level. We regard any weakness below that level as a buying opportunity for subscribers seeking to add to their equity holdings. So far, this has been a textbook correction process, and any further weakness in the 1,200-1,250 range will present an attractive entry point in our view ... we believe the S&P 500 Index will resume its uptrend following the completion of the 2006 correction process. Our minimum target range for the S$P 500 is 1,350 to 1,400, within a timeline of fourth-quarter 2006 to mid-2007. Any progress beyond that level will depend on the health of the Marketimer stock market timing model when our target price range is reached."
Brinker's reasons for his approach are logical if traditional. He writes that latest figures from the Index of Leading Economic Indicators "confirm our view that the U.S. economy is in the process of slowing down following the strong first-quarter rebound from the fourth-quarter post-Katrina fallout ... however, we do not believe the conditions are present that would lead to recession at this time."
Brinker methodically works through the S&P 500 and announces a revised earnings estimate, given what he sees as improved earnings prospects for the year, of $82. He says he's adopted a conservative price earnings estimate because of inflation fears of 16.5 to 17 times 2006 earnings. Hence his S&P 500 target of 1,350 to 1,400.
However, Brinker clearly does not regard inflation as a threat, and congratulates Federal Reserve chide Ben Bernanke for refusing to monetize oil-price increases: "We have always maintained that rising oil prices act as a tax on consumers, and are therefore counter-inflationary as they have a negative impact on consumer discretionary spending power."
Brinker remains fully invested. All of his model portfolios currently hold Dodge & Cox International Stock Fund (DODFX : Dodge & Cox Intl Stock
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6:01pm 08/25/2006

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DODFX39.82, -0.04, -0.1%) , Vanguard International Growth Fund (VWIGX : Vanguard Intl Gro;Inv
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6:06pm 08/25/2006

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VWIGX23.70, -0.08, -0.3%) and Vanguard Total Stock Market Index (VTSMX : Vanguard Tot Stock Idx;Inv
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6:06pm 08/25/2006

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JOHANNESBURG, South Africa--(BUSINESS WIRE)--Aug. 24, 2006--Centurion announced today that it is currently working with its internal Accountants and Independent Auditor to complete the audit for the year ended March 31, 2006. Centurion is hopeful that the audit and Form 10-K filing will be completed within the next few days. Promptly after filing the Form 10-K, the Company intends to complete and file its quarterly report for the quarter ended June 30, 2006.
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Once these filings have been made, we intend to have a market maker re-apply for quotation of our common stock on the OTC Bulletin Board.

To hell with the gas tank,let's drink it!
Two Iowa State University professors are researching how to easily, and cheaply, turn fuel ethanol into food-grade alcohol to be used in beverages, pharmaceuticals and personal care products.

But the heavens may portend some choppiness in the weeks ahead, particularly with the market facing a lunar eclipse on May 15 and a solar eclipse on May 30.

"An eclipse series tears up whatever pattern is in place in the market and brings in uncertainty," Crawford explained.

According to the stars, the lunar eclipse will occur at the same time as Mars conjoins with Neptune. For the non-astrologer, that means the markets could be faced with earthly mishaps such as accidents at sea, an attack on currencies, earthquakes or tsunamis. Interestingly, the lunar eclipse will take place the night before options expirations, which should bring in an excess of volatility during the options-driven trading session on May 16, Crawford warned.

Crawford said investors may want to wait until after the May 30 solar eclipse before going "200% long on the market using full margin."

He said jitters surrounding an eclipse often create better technical market indicators that would benefit investors.

It may sound kooky to the skeptical investor, but it's stellar formations such as these that have helped Crawford make some prescient calls on major market events. A huge planetary alignment in May 2000 of Saturn opposite Pluto warned Crawford that there would be a decline in economic activity, resulting in an extended bear market. In 1987, Crawford said a rare planetary cluster of the sun, moon, Mercury, Venus and Mars predicted that the markets were set to crash.

As for natural occurrences, Crawford accurately predicted the onset of Severe Acute Respiratory Syndrome in his December newsletter.

"Mercury squares Neptune and Mars as Mars conjoins Neptune Station (resulting in) news of unusual airborne infections of unknown origin," Crawford wrote in his 2003 outlook.

Yes,its generally not a good thing.We have to hope that is one of the reasons the share price dropped so low and it is now factored in.If FDEI keep adding producing wells to their portfolio we can go up.But if we find Cornell has obtained millions of shares and is dumping them,we go down.Sometimes the toxic financers even short the shares.Their games are too tricky for me to understand.

I think it might be hard to nail an accurate number because they are involved with a finance company called Cornell.

This IPO is the main thing now.When is it going to happen?

Would colon welding do it?eom

OTWhile walking through the woods, a man came upon another man hugging a tree
with his ear firmly against the tree. Seeing this he inquired, "Just out of
curiosity, what the heck are you doing?
"I'm listening to the music of the tree," the other man replied. "You
gotta be kiddin' me." "No, would you like to give it a try?"
Understandably curious, the man says, "Well, OK..." So he wrapped his arms
around the tree and pressed his ear up against it. With this the other guy,
slapped a pair of handcuffs on him, took his wallet, jewelry, car keys, then
stripped him naked and left.
Two hours later another nature lover strolled by, saw this guy handcuffed to
the tree stark naked, and asked, "What the hell happened to you?"
He told the guy the whole terrible story about how he got there.
When he finished telling his story, the other guy shook his head in
sympathy, walked around behind him, kissed him gently behind the ear and
said,
"Cupcake, this just ain't gonna be your day..."

ERHE appoints Wanker?

We now have a Nigerian Chairman, Ado Yakubu Wanka, and a new Nigerian
Executive Director, Morrison Anthony Fiddi, of the JDA.

On the surface this is consistent with the scheduled changes to the
executive of the JDA and alternating between a Nigerian and a Sao
Tomean as Chairman. As ever, however, there is more to this than
meets the eye.

Fiddi is from Bayelsa State in the Niger Delta, is a Christian and,
most importantly, is from the same area of the state as Minister of
State for Petroleum Resources and OPEC President, Dr. Edmund Daukoru.
Fiddi is known to be a very close confidante of Daukoru.

Wanka is from Bauchi State in the northest, is a Muslim, has an
extensive oil industry and banking background and, most importantly
for ERHC, is a long-standing associate of Emeka Offor. He an Offor
get on very well and Wanka not someone who is going to throw a spanner
in the Offor works.

The fact that both appointments were approved by Daukoru and Obasanjo
confirms the continued good relations Offor enjoys with both Daukoru
and Obasanjo and the good relations between Daukoru and Obasanjo.

The significance of these appointments and the flow-through benefit to
ERHC shareholders cannot be overestimated.

As I have said, there continues to be a great deal happening beyond
what we see in the US.

No news.Thats the problem.We have to assume they are still in for 10% of this second hole.And we dont know how the first hole is doing.We know they hit oil.But is it producing?Ideal situation for us is that POGI can get enough income from these first two holes to continue buying 10% of subsequent holes.Then we would have a 10 bagger.But if they are bankrupt,then we are screwed.

If global stock markets stay elevated, projecting a stronger global economy, it’s only a matter of time until traders recognize that pumped up money supplies and negative interest rates, are also bullish factors for commodities. Throw in a weaker US dollar, led by a stronger Chinese yuan, and a UN showdown with Iran in September, then the “Commodity Super Cycle” could recoup its August 9th - 18th losses, led by schizophrenic fund traders bidding crude oil and metals higher

The problem is ,the directors are over 200 years old.

A third party report stated reserves in place at Sawn Lake have been estimated by engineers at 1.2 billion barrels (gross) pf 10-degree API oil; with a recovery under primary (cold) production of 8%. This would return net for a 10% working interest of 9.6 million barrels of oil. Secondary production could result in doubling or greater of the recoverable reserves. The report further stated this type of oil in the area is receiving approximately $45.00/b.

Paradigm currently has an interest in only the first two wells, with an option to participate in additional wells, under terms to be negotiated at some point in the future.

Paradigm Oil and Gas, Inc. has 36.4 million common shares outstanding, and has no debt. There are no options or warrants outstanding. They are guided by a consummate international team with over two hundred years of experience in the oil and gas industry.

I wonder.I hope POGI is one of the 10% partners.

Signet Energy Inc. Starts the Drilling of Second Well at Sawn Lake
Tuesday August 15, 9:30 am ET


SAN DIEGO, Aug. 15, 2006 (PRIMEZONE) -- Surge Global Energy, Inc., (OTC BB:SRGG.OB - News), a major shareholder of Signet Energy, Inc. (``Signet''), the operator of the Sawn Lake Oil Sands Development, today announced that Signet has commenced the drilling on the second well. This is the first of three additional wells that Signet will drill over the next 90 days in the Bluesky Formation of the Sawn Lake area.
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Background Information about the Sawn Lake Oil Sands Development:

The Sawn Lake Oil Sands Development has been estimated by two respected third-party petroleum engineering firms to contain a total of 820 million to 1.2 billion barrels of oil resource in place, of which Signet Energy can earn a 40 percent working interest on all contiguous sections covering 44,480 acres in the Sawn Lake area of Alberta, Canada. Signet has commitment to drill a total of 10 wells, each well drilled earns Signet an interest in the field; one well has been drilled and completed to date and demonstrated cold flow reservoir characteristics. To date, Signet has earned a 40 percent working interest in 6 sections. Deep Well is being carried by Signet for the first 10 wells and thereafter, Deep Well is required to pay their 40 percent share, along with each of the two other 10 percent working interest partners that pay their share of completion, production test and operating costs.

Today's Business Section -- London UK Telegraph


Bearish Wall Street analysts predict a fall of up to 20pc
By Ambrose Evans-Pritchard

(Filed: 14/08/2006)



A clutch of Wall Street's top technical analysts have turned starkly bearish on the US equity markets, predicting a fall of up to 20pc in main indices over coming months.


Traders work on the floor of the New York Stock Exchange

The chartists are issuing ominous warnings about the Dow Jones industrials and the broader S&P 500 index, despite their relative resilience through the May-June global rout and through the monetary tightening of the US Federal Reserve.

Louise Yamada Technical Research Advisers warned that the market was exhibiting all the signs of a slow-motion breakdown. "This is not a healthy rally," said managing director Ronald Daino. "We're seeing 'black holes' where stocks are hammered on slightly disappointing earnings.

The last time we saw anything comparable was in late 1999 and early 2000 before the bubble burst."

The technical analysts said the Nasdaq index of technology stocks had already "broken down" and was a clear sell. Technical Research Advisers have now extended their sell warning to the more sedate S&P 500, noting that the 50-day moving average has dipped below the 200-day average - a key trigger used by hedge funds and institutions.

Mr Daino said he expected the S&P 500 to drop up to 20pc before it is safe for bulls to return. A slide of such magnitude would drag the FTSE 100 and other global indices lower.

Much of the technical fraternity view the summer bounce - now looking exhausted - as a "suckers' kickback rally", citing the steady decline in the broader indexes of smaller stocks.

Jeffrey A Hirsch, editor of the Stock Trader's Almanac, said that over the last 30 years the S&P 500 had on average peaked two months before the end of the Federal Reserve's tightening cycle - a moment probably reached last week when rates were held at 5.25pc after 17 consecutive rises. He said the markets had a classic "domed top" that pointed towards an ugly autumn. He said the Nasdaq tech stocks had suffered two sets of falls of eight consecutive days this summer, an event not seen even during the dotcom bust. "A burgeoning bear market is now underway," he advised.

Ralph Acampora, managing director of Knight Capital Group and one of America's most revered technical gurus, said he expected a nasty slide of up to 25pc in the main markets over the second half.

Comstock Partners in Atlanta cautioned against jumping back into the markets for a relief rally following the Federal Reserve's pause. "In the last 53 years there have been 12 periods where then Fed has engaged in a series of rate increases. In 10 the S&P 500 declined after the final rate increase."

I just saw 60mins,Iran Prez.I agree.He does not appear to be the religious idiot I imagined.IMO this makes the Iran bogey ,hanging over the markets,bigger and more dangerous.

Heh heh.Is this why we are "ad free" today?


Posted by: Dadd
In reply to: None Date:8/13/2006 2:19:17 PM
Post #of 69712

Warning!!! There is a virus that is trying to load from one of IHub's advertisers. Do not select to load or run. It is a .wmf and it looks like IHub has been made aware of this.

Dadd

Thanks Zentman.I enjoyed that.eom.

VAALCO Energy's 2nd Quarter Net Income Doubles

HOUSTON, Aug. 10 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), announced that for the second quarter of 2006 its net income was $10.5 million or $0.17 per diluted share, more than double its net income of $5.0 million or $0.09 per diluted share for the comparable period in 2005. Second-quarter revenues increased 54% to $25.6 million.

VAALCO sold 374,000 net barrels of crude oil equivalent at an average price of $68.47 per barrel during the second quarter of 2006, up 10% and 42%, respectively, from 339,000 barrels of crude oil equivalent and an average price of $48.31 per barrel in the second quarter of 2005.

For the first half of 2006, the Company earned $21.5 million, or $0.36 per diluted share, an increase of 75% from VAALCO's earnings of $12.3 million or $0.21 per diluted share in the first half of 2005.

Crude oil sales for the first half of 2006 were 886,000 barrels of oil equivalent, up 3%. Crude oil prices increased 39% to an average $64.15 per barrel of oil equivalent for the first half.

Robert L. Gerry, III, Chairman and CEO, stated, "We continue to make excellent progress in every phase of our business -- exploration, development and production. Our second-quarter revenues and earnings reflect higher commodity prices and lifting volumes from our Etame field offshore Gabon, West Africa. We are preparing to begin drilling in October using the new platform now being installed at the Avouma field near Etame. And finally, we were successful in bidding for a 40% interest in the 1.4 million-acre Block 5 concession offshore Angola, where new seismic processing techniques make exploration for sub-salt targets more feasible. We are very well positioned to take advantage of the dramatic changes reshaping global energy markets, and are investing strategically to seize the opportunities before us."

Anyone else had this problem?I have been locked out of ihub for about three days.Whenever I tried to access ihub my screen would say I didnt have permission.Microsoft said I was getting this message because the ihub server was blocking everything from my address.
My guess is this glitch happened because ihub was installing more capacity.