Fox Petroleum Rated 'Speculative Buy/4' With A Twelve-Month Target Price Of $5.40 By Investrend Research Affiliate SISM Research
9:16a ET August 27, 2007 (Business Wire)
Ernest C. Schlotter, a senior analyst with Investrend affiliate SISM Research and a four star analyst according to StarMine, has initiated coverage of Fox Petroleum Inc. (OTCBB: FXPE) with a "Speculative Buy/4" Rating and a 12-month target price of $5.40.
The full SISM report on FXPE, including important disclosures, disclaimers and analyst qualifications is available at http://www.sism.com and http://www.investrendresearch.com, or may be directly accessed via this link: http://investrend.com/Admin/Topics/Articles/Resources/ 489_1187878223.pdf. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
According to SISM analyst Schlotter's research report:
"In August FXPE acquired the Anglesey Prospect Blocks 14/9a and 14/14b in the North Sea, encouragingly, oil has already been discovered in this block. The reserve potential net to the Company is approx. 11.5 MMBO and could add $0.35/share (risk adjusted) Appraised Net Worth (ANW). Resource estimates on block 14/9a are estimated to be 30.4 MMBO and could add approximately $0.92 per share (risk adjusted) to Company ANW.
"In addition Fox Petroleum acquired a combined 100% Working Interest in 12 state-issued oil leases comprising 32,000+ acres of mineral rights in the North Slope in Alaska. Major operators have already drilled wells both on and around Fox's lease area, targeting the Lisburne Group, a heterogeneous and highly fractured sequence of carbonate rocks. These same rocks act as the reservoir horizon, holding large oil reserves in the adjacent Prudhoe Bay field. The estimated recoverable reserves for these prospects are 30 MMBO, using a mid-range case of 15 million barrels per square mile and assuming only 2 square miles is productive. Assuming an in-ground-value of $10/barrel, this resource could add $1.23 per share (risk adjusted) to Company ANW."
Fox Petroleum Inc. is a small, early-stage oil & gas company actively engaged in the exploration and production of oil and natural gas in North America and the UK. In addition, Fox Petroleum has extensive connections in the oil patch in the emerging market sector and is seeking lucrative business opportunities. Fox Petroleum is now focusing on two projects just acquired. In Alaska, Fox owns 100% of 32,000+ acres of mineral rights in the North Slope. In the North Sea, Fox acquired a 33.33% WI in a high impact 37,065 acre block project that lies within a prolific trend of viable oil and gas discoveries. In addition, Fox has an option to increase its stake up to 60%.
SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM Research writes, publishes and distributes research coverage on micro- to small-cap public companies trading on the OTC, NASDAQ and AMEX. This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall and Investext, Reuters Multex, Knobias and Investrend.
Both SISM Research and Investrend Research subscribe to the exacting "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com, as well as the CFA-NIRI Guidelines at http://www.cfainstitute.org. SISM's Research platform is also executed in accordance with Guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf.
SISM Research will be paid $1,750 per month by the company over a two-year period solely to ensure independent coverage. SISM and Investrend Research take steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage.
Complete information about this company is available at the company's InvestorPower page accessible from http://www.investrend.com/company/list.asp?sPathParam=yes, and the full report is available at http://www.sism.com and http://www.investrendresearch.com. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Anyone interested in receiving alerts regarding Fox Petroleum research should email contact@investrend.com or info@sism.com with "FXPE" in the subject line, or click on http://www.investrend.com/contact.asp.
Forward-Looking Statements: Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.
SOURCE: Fox Petroleum Inc.
Investrend Communications Inc. Investrend Research Div. R. Hempel, 718-896-5060 contact@Investrend.com http://www.Investrendresearch.com or Fox Petroleum Inc. Investor Relations ir@foxpetro.com http://www.foxpetro.com
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