nothing to smile about on this board.

The 1st Affair:
>
>
> A married man was having an affair with his secretary.
>
> One day they went her place and made love all afternoon. Exhausted, they fell asleep and woke up at 8 pm.
>
>
> The man hurriedly dressed and told his lover to take his shoes outside and rub them in the grass and dirt.
>
> He put on his shoes and drove home.
>
> "Where have you been?" his wife demanded.
>
> "I can't lie to you," he replied, "I'm having an affair with my secretary. We had sex all afternoon."
>
> "You lying bastard!
>
>
> You've been playing golf!"
>
>
>
>
> The 2nd Affair:
>
>
> A middle-aged couple had two beautiful daughters but always talked about having a son.
>
> They decided to try one last time for the son they always wanted.
>
> The wife got pregnant and delivered a healthy baby boy.
>
> The joyful father rushed to the nursery to see his new son.
>
> He was horrified at the ugliest child he had ever seen.
>
> He told his wife, "There's no way I can be the father of this baby. Look at the two beautiful daughters I fathered! Have you been fooling around behind my back?"
>
> The wife smiled sweetly and replied, "Not this time!"
>
>
>
> The 3rd Affair:
>
>
> A mortician was working late one night
>
> He examined the body of Mr. Schwartz, about to be cremated, and made a startling discovery. Schwartz had the largest private part he had ever seen!
>
> "I'm sorry Mr. Schwartz," the mortician commented, "I can't allow you to be cremated with such an impressive private part. It must be saved for posterity."
>
> So, he removed it, stuffed it into his briefcase, and took it home.
>
> "I have to show you something you won't believe," he said t o his wife, opening his briefcase.
>
> "My God!" the wife exclaimed, "Schwartz is dead?!?!"
>
>
>
>
> The 4th Affair:
>
>
> A woman was in bed with her lover when she heard her husband opening the front door.
>
> "Hurry," she said, "stand in the corner."
>
> She rubbed baby oil all over him, then dusted him with talcum powder.
>
> "Don't move until I tell you," she said. "Pretend you're a statue."
>
> "What's this?" the husband inquired as he entered the room.
>
> "Oh it's a statue." she replied. "The Smith's bought one and I liked it so much I got one for us, too."
>
> No more was said, not even when they went to bed.
>
> Around 2am the husband got up, went to the kitchen and returned with a sandwich and a beer.
>
> "Here," he said to the statue, "have this. I stood like that for two days at the Smith's and nobody offered me a damned thing."
>
>
>
>
> The 5th Affair:
>
>
> A man walked into a cafe, went to the bar and ordered a beer.
>
> "Certainly, Sir, that'll be one cent."
>
> "One Cent?" the man thought.
>
> He glanced at the menu and asked, "How much for a nice juicy steak and a bottle of wine?"
>
> "A nickel," the barman replied.
>
> "A nickel?" exclaimed the man "Where's the guy who owns this place?"
>
> The bartender replied, "Upstairs, with my wife."
>
> The man asked, "What's he doing upstairs with your wife?"
>
> The bartender replied,
>
> "The same thing I'm doing to his business down here."
>
>
>
>
> The 6th Affair:
>
>
> Jake was dying. His wife sat at the bedside.
>
> He looked up and said weakly, "I have something I must confess."
>
> "There's no need to," his wife replied.
>
> "No," he insisted, "I want to die in peace. I slept with your sister, your best friend, her best friend, and your mother!"
>
> "I know, I know," she replied. "Now just rest and let the poison work."

Still bleeding after two weeks?Holy cow!If it does what they say it does LTC has got to fly.

Eurasia Gold Inc. announces changes to its board of directors
Thursday August 16, 12:13 pm ET

TORONTO, Aug. 16 /CNW/ - Following the successful completion of the take-over bid for Eurasia Gold Inc. ("Eurasia" or the "Company") by Kazakhmys Gold Inc., Eurasia announces changes to its board of directors. This will be an important step in the integration of Eurasia within the Kazakhmys group and in the future development of a gold division.

ADVERTISEMENT
Oleg Novachuk, Matthew Hird, Robert Welch and Andrei Tretyakov have been appointed as directors and, together with serving director Baltabek Mukashev, comprise the new five person board of Eurasia. Aman Adilkhanov, Graham Bevan, Richard Lachcik and Kumar Mukashev have each resigned from the board. The new board of directors has appointed Oleg Novachuk as President and Chief Executive Officer and Matthew Hird as Chief Financial Officer of Eurasia, replacing Baltabek Mukashev and Yerlan Mukashev who have resigned from such positions.

Kazakhmys Gold Inc. now owns approximately 96.34% of the issued and outstanding Eurasia shares, following the July 4, 2007 expiration of Kazakhmys Gold Inc.'s offer to acquire all of the issued and outstanding ordinary shares of Eurasia. Since the offer was accepted by holders of more than 90% of the Eurasia shares, Kazakhmys Gold Inc. has exercised its right under the compulsory acquisition provisions of the Business Corporations Act (British Columbia) to acquire all outstanding Eurasia shares not already owned by Kazakhmys Gold Inc. Kazakhmys expects to complete such acquisition in September, 2007.

Oleg Novachuk, Kazakhmys' Chief Executive said: "I should like to thank the departing directors and officers their contribution to Eurasia's development and success. As part of Kazakhmys, Eurasia will be able to fully realise its potential and become the core part of a growing precious metals division."

Wallstreetmans surgeons buying in????

Thanks for sharing that.

PLAN OF OPERATIONS

As of April 30, 2007, we had cash reserves of $53,815. As of August 10, 2007, we had cash reserves of approximately $26,000.

We have not determined our plan with respect to our Lucky Boy and Debut claims that we currently hold an interest in. We believe that we will use our funds to pay filing fees and claim maintenance fees on those properties and for our general operating and corporate expenses. Our operating expenses for the next twelve months are as follows and are approximations:

Management fees $100,000

Office Rent $20,400

Consulting expenses $25,000

Accounting fees $30,000

Legal fees $$30,000

Transfer agent $3,000

We currently do not have sufficient funds to pay our operating expenses for the next twelve months and we intent to try to raise funds but there is no assurance that we will be able to raise adequate capital.

If we come up with a plan to explore our Lucky Boy and Debut claims, we will not have sufficient cash reserves to satisfy our cash requirements in order to continue as a going concern for the next twelve months following the date of this Annual Report. We will require further funding in order continue.

Over the next twelve months, we plan to raise funds through the sale of our common stock or through loans. There is no guarantee that we will be successful in arranging the required financing. Unless we raise funds through the sale of our common stock or through loans, we cannot further explore or develop our properties. There is no assurance that we will be able to raise adequate capital.

Our future success will be materially dependent upon our ability to satisfy additional financing requirements. We are reviewing our options to raise equity capital. We cannot estimate when we will begin to realize any significant revenue. In order to satisfy our requisite budget, we have held and will continue to conduct negotiations with various investors. We cannot predict whether these negotiations will result in additional investment income for us.

Funding for our operations may not be available under favorable terms, if at all. If adequate funds are not available, we may be required to further curtail operations significantly or to obtain funds by entering into

arrangements with collaborative partners or others that may require us to relinquish rights that we would not otherwise relinquish.

We have not received revenue from operations during the year ended April 31, 2007. We cannot estimate when we will begin to realize any revenue.

Additionally, we may owe up to $97,868 in interest on the notes issued and to be issued in connection our April 12, 2006 notes and warrants financing, though we will not owe interest in any month in which the trading price of our common stock exceeds $0.1125 on each day of the month. The next interest payment under the notes is due September 2007.

OUR PLAN OF OPERATIONS FOR NEXT 12 MONTHS

We are an exploration stage company and we do not have any proven or probable reserves on any of our properties.

Our plan of operations for the next twelve months is possibly to develop and explore our Lucky Boy Prospect in Arizona and possibly to develop and explore our Debut Prospect in Nevada. Our plans for the next twelve months are very uncertain and dependent on negotiations with Handley on the Arizona property and dependent on Canasia's timing in funding the Nevada property.

I think the company holds about 40 million "unissued" or untraded shares.I think this is about as many as are available for trading.So I think ,but dont know for sure,that this prevents a hostile takeover.I previously tried to get a discussion about the purpose of these unissued shares and got labeled a basher by the cheerleaders .

I wish........

Visionary Innovations sensed their robotic surgery/device could revolutionize the operating room. It did! Share price grew from $8 to over $200 in 4 years

We think we found the “Next Intuitive Surgical”

AD does Don Harold have a track record?eom

The Next Intuitive Surgical?

Visionary Innovations vision lies in finding little known microcap companies that have the ability to change, disrupt and or create multi-billion dollar industries. A few years ago, we discovered a microcap stock with a breakthrough medical instrumentation robotic surgery/device. We felt this company’s technology could revolutionize surgical procedures. At that time Intuitive Surgical (ISRG) www.IntuitiveSurgical.com was a single digit microcap. Visionary Innovations sensed their robotic surgery/device could revolutionize the operating room. It did! Share price grew from $8 to over $200 in 4 years

We think we found the “Next Intuitive Surgical”

Intuitive Surgical’s Robotic surgery has revolutionized the operating room. However bodies still need to be stitched, stapled, and you know, “sealed up”.

Every surgeon would like to close up an incision like a ZipLock bag, without stitches, eventually leaving no scar. Revolutionary technology will soon be available that offers the “stitch-less” seam.

Visionary Innovations discovered revolutionary medical technology that uses radio frequency (RF) bonding human tissue without the glues, sealants, sutures, and staples. This disruptive technology platform will revolutionize surgery because it eliminates the need for sutures, staples, glues and sealants, a $3.5B a year mkt. Over and above the $3.5 billion market for sutures, staples, glues and sealants, the time and cost savings for hospitals, doctors, insurance companies, and patients, will be significantly larger.

It doesn’t get more disruptive than that.

Live Tissue Connect uses patented radio wave technology to bond and reconnect living soft biological tissue. The visible/cosmetic benefits are obvious.

The medical and economic advantages could make Live Tissue Connect the “Holy Grail Of Surgery”.

Radio frequency is mainly used now in surgical procedures as a method of incision and removal of tumors. However, the current RF surgical methods/devices lack the ability to determine tissue/organ specific frequency and the ability to control the temperature. Burning precious tissue is an issue, not with Live Tissue Connect.

LTC’s revolutionary device and patented methodology allows surgeons to use radio frequency as a faster (under one minute), tighter, virtually bloodless, smokeless (sterile OR) wound seal that doesn’t burn or kill tissue, virtually leaving no scar in 60 days.

LTC’s “secret sauce” is worldwide patented technology that has the ability to deliver predetermined energy to a specific body tissue. It does not kill the tissue (necrosis).Their software platform determines and delivers the specific frequency (temperature) required by various tissues/organs. A specific radio frequency energy (via heat), plasmatizing the collagen fibers and untangles them. When the tissue/organ cools, the collagen fibers “reentangle”/tangle/bond, forming a leak-proof bond. .This leaves virtually no scar in 60 days.

The current FDA approved tissue methods use radio frequency to cauterize and coagulate tissue/organs, but they don’t “weld”. Without temperature control, there is necrosis (killing of cells). The LTC method is more sophisticated and specialized. It allows surgeons to “control” the temperature, thus eliminating tissue burn.

U.S. Surgical www.ussurgical.com (a division of Tyco) and Ethicon www.ethicon.com (a division of Johnson&Johnson), the two largest medical device companies in this market, have been trying to do this for years, unsuccessfully.

Live Tissue Connect filed their first U.S. 510k medical device application with the Food and Drug Administration (FDA) on June 26, 2007. The duct and vessel sealer is expected to be the simplest surgical procedure, and most widely used device. They have identified an additional 13-15 applications for these instruments. Each application has the market opportunity between $100m to $4b.

They expect to file for European CE Mark certification (U.S. FDA equivalent) in the 4th quarter of 2007.

Frank D’Amelio, a medical device industry icon, has successfully launched more than 200 new medical device products, including several “industry first” technologies. He is the sole or co-author of over 40 medical technology patents or patent pending applications worldwide. Frank D’Amelio was brought on board to bring this platform to marketing the U.S. and worldwide. His involvement will likely accelerate the timetable for needed regulatory approvals.

Because a predicate device for duct and vessel sealing of radio frequency is already being used for other surgical procedures, LTC could receive FDA approval by the 4th qtr of 2007.

The company’s Ukraine partner just recently received approval for their surgical device that includes most procedures for Ukraine and Russia, and is already projecting revenues.

They are negotiating with major medical device distributors for multiple licensing opportunities.

Not only is their technology “cutting edge”, but their potentially recurring revenue makes this a highly attractive investment and should attract the interest of major medical device companies.

Each surgery requires instrument replacement.


Bullets:
-over 7000 human surgeries have been performed in the Ukraine.
-In the Ukraine, 86 procedures have been identified for these medical devices
-CSMG Technologies has identified 14 immediate licensing opportunities
-CSMG Technologies has 6 patents issued (U.S. and Int’l) and 34 pending (U.S. and Int’l)



Medical Advantages:
-seal time takes under one minute (in majority of cases)
- shortened operating room time –up to 30%
-Smokeless/odorless- NO airborne diseases in OR
-leakproof—better seal than sutures, staples, glues and sealants
-almost bloodless
-reduced anesthesia/pain medication
-healing time reduced--- a Live Tissue Connect seal is equivalent of 3 days with sutures
-scarless- non burning of soft/live issue
-less transfusions
-fewer complications
-no foreign matter left in body

Economic Advantages:
-shortened OR time
-shorter hospital stays
-reduces medication
-elimination of sutures staples glues sealants
-no need to revisit Dr to remove

On June 21, 2007, the Russian Federal Service of Health Care and Social Development (US FDA equivalent) approved the tissue welding electro surgery generator and eight (8) instruments for commercial use. Live Tissue Connect’s parent company CSMG Technologies believes sales in Russia and Ukraine could reach $7-10m in 2008 and grow at a rate up to 50% per year. Subsequent to this approval, Live Tissue Connect is moving from prototype to production with their manufacturers in the United States. Currently CSMG Technologies has an international website www.csmgtechinternational.com for international activities and in the U.S. www.livetissueconnect.com for U.S. activities

Currently the only way today to own a piece of this revolutionary technology/company, is to own the parent company CSMG Technologies www.ctum.com (CTUM). CSMG Technologies is a technology management company, that acquires, licenses and markets innovative/revolutionary/emerging technologies. With a 510K FDA approval, CSMG Technologies is expected to segregate Live Tissue Connect through an Initial Public Offering IPO.

At Visionary we constantly look for companies with disruptive technology. Our vision sees a risk reward ratio similar to the one we sensed with Intuitive Surgical.

Live Tissue Connect (a wholly owned subsidiary of CSMG Technologies) with their revolutionary medical technology that has the ability to revolutionize the medical industry and represents a “life-changing” opportunity…in many ways.

Medical device makers tend to carry rich valuations based on revenue expectations for many years going forward. We see no other major competitor to Live Tissue Connect. There is an influx of venture capital in medical device companies, and with increased merger activity in this sector, this leads us to believe that Live Tissue Connect (through an investment in CSMG Technologies) offers an extremely attractive investment opportunity for risk-oriented microcap investors.



CSMG Technologies Inc As of 8/1/2007
500 No. Shoreline # 701 no. Shs Out 35m Mkt Cap $24m
Corpus Christi, TX 78471 Float 20m Price .70
(361) 887-7546 Insiders own approx 7-8m shs
OTC BB: CTUM YL .25 YH 1.17

CALGARY, Aug. 7 /PRNewswire-FirstCall/ - Patch International Inc. (OTCBB: PTCH - News; the "Company") is pleased to announce results of its recently completed independent resource report (the "Report") prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") of Calgary, Alberta. Based upon this past winter's activities, the Company's Best Estimate (P50) Contingent resources have been estimated to be 139 million barrels and support a 20,000 Bbl/d project. Management believes the contemplated 2007/2008 winter delineation drilling program may increase the resource base sufficiently to support a 40,000 Bbl/d project.

ADVERTISEMENT
Based on the Report, the Company has initiated planning for a potentially earlier production startup by engaging engineering firms to provide facilities cost estimates and timelines for essential services, conducting baseline environmental awareness studies, initiating the proposal for a SAGD application for production, and consulting with numerous oil sands technology suppliers for ideas which may improve project economics.

McDaniel was engaged to evaluate the new 2007 data and prepare the Report of the Contingent resources, as well as an estimate of the Undiscovered resources ("undiscovered bitumen in-place") underlying the Company's 80% working interest in the Ells River area (formerly described as the Dover Project). The Report was prepared effective May 31, 2007, estimating the volume of Contingent resources as well as an estimate of the net present value of future net revenue attributable to these resources based on forecast and constant prices and costs and a 2012 startup.

The Report assessed only the portions of the sedimentary column which meet specific reservoir criteria required for economic development employing the in-situ SAGD recovery technology. The recoverable resources have been classified as "Contingent" since these recoverable volumes do not satisfy the requirements of reserves with respect to sufficient delineation density, regulatory approval, and corporate budget approval.

The Best Estimate (P50) Contingent resources have been estimated to be 139 million barrels, with a High Estimate (P10) of 203.3 million barrels. The synergistic interpretation and integration of well logs, core and seismic information has provided for a comprehensive resource assessment and given the Company direction to increase its SAGD capable resource base in the coming seasons with specific delineation targets and new high impact prospects, with an additional prospective potential estimated at 69.8 million barrels.

Looks like the punters are disappointed.

CALGARY, Aug. 7 /PRNewswire-FirstCall/ - Patch International Inc. (OTCBB: PTCH - News; the "Company") is pleased to announce results of its recently completed independent resource report (the "Report") prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") of Calgary, Alberta. Based upon this past winter's activities, the Company's Best Estimate (P50) Contingent resources have been estimated to be 139 million barrels and support a 20,000 Bbl/d project. Management believes the contemplated 2007/2008 winter delineation drilling program may increase the resource base sufficiently to support a 40,000 Bbl/d project.

ADVERTISEMENT
Based on the Report, the Company has initiated planning for a potentially earlier production startup by engaging engineering firms to provide facilities cost estimates and timelines for essential services, conducting baseline environmental awareness studies, initiating the proposal for a SAGD application for production, and consulting with numerous oil sands technology suppliers for ideas which may improve project economics.

McDaniel was engaged to evaluate the new 2007 data and prepare the Report of the Contingent resources, as well as an estimate of the Undiscovered resources ("undiscovered bitumen in-place") underlying the Company's 80% working interest in the Ells River area (formerly described as the Dover Project). The Report was prepared effective May 31, 2007, estimating the volume of Contingent resources as well as an estimate of the net present value of future net revenue attributable to these resources based on forecast and constant prices and costs and a 2012 startup.

The Report assessed only the portions of the sedimentary column which meet specific reservoir criteria required for economic development employing the in-situ SAGD recovery technology. The recoverable resources have been classified as "Contingent" since these recoverable volumes do not satisfy the requirements of reserves with respect to sufficient delineation density, regulatory approval, and corporate budget approval.

The Best Estimate (P50) Contingent resources have been estimated to be 139 million barrels, with a High Estimate (P10) of 203.3 million barrels. The synergistic interpretation and integration of well logs, core and seismic information has provided for a comprehensive resource assessment and given the Company direction to increase its SAGD capable resource base in the coming seasons with specific delineation targets and new high impact prospects, with an additional prospective potential estimated at 69.8 million barrels.

Harry Newton writes
Here's the simple story: Huge losses are appearing in housing loans. A big percentage of those loans are now worthless. No one knows how many. But the losses have thrown Wall Street into turmoil. Suddenly no one knows whether the loans they're making are good or bad. No one knows if the loans they might make are saleable, and at what price. Since loans are now bundled and sold, no one knows if there'll be a buyer and at what price. The fear is that loans made today might be sold tomorrow at a loss.

In this uncertainty, the human brain makes one "decision." It shuts down, awaiting clarity and stability. Hence, the banking and investment banking community has essentially shut down making loans. This has three effects:

1. It kills the housing business, and hurts all those companies supplying that huge industry.

2. It puts less money into consumer hands. Remember all those refinancing mortgage loans? Consumers are 70% of the economy. They have been the mainstay of the economic boom of the past few years.

3. It puts less money into companies' hands for plant expansion, etc. This is sad because this area was just beginning to take off.

Now, switch gears. What would you do if you were a mutual fund, a hedge fund or Warren Buffett? Buy equities? No way! The outlook for them looks suddenly bleak. They're already fully priced (or were until late last week). With money drying up, there won't be anyone around to buy them. Much, much better are bonds and other debt instruments.

Will the FDA approve before the market melts?

Economic dispatch
Why Wall Street is worried " Often, lenders did not make even the most basic of checks to see whether borrowers had the financial wherewithal to pay back what they owed.

http://business.guardian.co.uk/economicdispatch/story/0,,2033730,00.html

Only recently has the scale of the potential problem started to be recognised. Sub-prime mortgages totalled $600bn last year, accounting for about
one-fifth of the US home-loan market. An estimated $1.3 trillion in sub-prime mortgages - equivalent in
size to the economy of California - are currently outstanding.



The fear is that loans extended with reckless abandon to those unable to pay them back are
now turning sour en masse and that what threatens to be the biggest wave of foreclosures in the modern era could spell serious trouble not
just for the US but
for the global economy." Article continues

Jagman,I think Lowmans suggestion is reasonable.Tiny CTUM intends to take business from huge companies with big dirty tricks departments.Although LTC is not a drug,I see CTUM as being of interest to Pharmaceutical companies and my opinion is some of them have the lowest morals.

Yep,I am hoping you are right.But like I said,I am disappointed in the reaction to the filing.I certainly think we will see the last of $1 with approval but I think its going to take sales and contracts to get liftoff.

Looking at the mild reaction we had to filing I have to suspect that CTUM will not take off when we get approval.I suspect CTUM will not fly untill there is evidence of revenue.

Well, nothing yet Master but me and my male littermates are very concerned that your about to tell us that we aren't allowed to lick our nuts!

Matt:Hi Jeff.What kind of dog do you have?
Jeff:No I dont have a dog.
Matt:Why do you have that bag of purina?
Jeff:I am going to try the purina diet again.There is suposed to be lots of vitamins and minerals in it.But I shouldnt really as last time I tried it I ended up in hospital.
Matt:Oh?It made you sick?
Jeff:No no.I was sitting on the road licking my balls and I got hit by a car.

This is superb news that should spur our share price forward by several multiples over the next year.

In gist.....

....AOS has added an additional drilling program to commence in late fourth quarter 2007. The company is now planning two drilling programs of up to 40 wells over two large oil sands land blocks.

....AOS has acquired an additional 62 sections of oil sands leases since it announced the initial acquisition of 23-section oil sands land on March 26, 2007. The additional oil sands leases increases AOS's land base to a total of 85 sections (54,400 acres), all at 100-per-cent working interest.

... All of the sections are located in the regional Hangingstone area. The sections were acquired over the past four months at Crown land sales.

...The first drilling program will be on the 23-section "AOS Hangingstone prospect" parcel with up to 30 wells, at a minimum drill density of one well per section. Ryder Scott Petroleum Consultants, an independent petroleum consulting firm, has confirmed undiscovered resource of 1.15 billion barrels of bitumen in place (May 17, 2007, news in Stockwatch).

.... This block is located approximately 22 kilometres southwest of Fort McMurray. The parcel is within three kilometres of the highway which provides good access to the lands. This land block is surrounded by a number of SAGD (steam-assisted gravity drainage) projects, which are in various stages of development, all within a three-to-10-kilometre radius. These SAGD projects include: Petro-Canada's Hangingstone Meadow Creek projects, Japan Canada Oilsands Company Ltd. (JACOS) Hangingstone project and Value Creation Inc.'s (VCI) Halfway Creek project.

.... In addition to the drilling program, an 80-kilometre 2-D seismic data acquisition program is being permitted.

....The second drilling program will begin to delineate the other prospect covering 47 sections. A 2-D seismic acquisition program is being planned by the company for this area. The company has secured services to ensure that delineation activities will start in the fourth quarter of 2007.

... AOS has engaged Ryder Scott Petroleum Consultants to evaluate the possible bitumen resources attributable to the recently acquired sections. The results will be announced as they become available.


Hangingstone Meadow Creek is considered the best of the prime MacMurray formations and AOS lands are within 3-10km of some of the best SAGD projects in these Alberta oil sands, including Petro-Canada's Hangingstone Meadow Creek projects, Japan Canada Oilsands Company Ltd. (JACOS) Hangingstone project and Value Creation Inc.'s (VCI) Halfway Creek project.

All of these have very high recovery rates from thick bitumen that, at least, AOS's initial 23 sections definitely have as well ( about 50 million barrels/section ).

Google these 3 projects and you will see that these are world-class oil sands projects...

Alberta Oilsands expands drilling program


2007-08-01 02:40 ET - News Release

Mr. Shabir Premji reports

OPERATIONS UPDATE: ALBERTA OILSANDS INC. EXPANDS DRILLING PROGRAM AND INCREASES OIL SANDS LANDS TO 85 SECTIONS (54,400 ACRES)

Alberta Oilsands Inc. has added an additional drilling program to commence in late fourth quarter 2007. The company is now planning two drilling programs of up to 40 wells over two large oil sands land blocks.

AOS has acquired an additional 62 sections of oil sands leases since it announced the initial acquisition of 23-section oil sands land on March 26, 2007. The additional oil sands leases increases AOS's land base to a total of 85 sections (54,400 acres), all at 100-per-cent working interest. All of the sections are located in the regional Hangingstone area. The sections were acquired over the past four months at Crown land sales.

The first drilling program will be on the 23-section "AOS Hangingstone prospect" parcel with up to 30 wells, at a minimum drill density of one well per section. Ryder Scott Petroleum Consultants, an independent petroleum consulting firm, has confirmed undiscovered resource of 1.15 billion barrels of bitumen in place (May 17, 2007, news in Stockwatch). This block is located approximately 22 kilometres southwest of Fort McMurray. The parcel is within three kilometres of the highway which provides good access to the lands. This land block is surrounded by a number of SAGD (steam-assisted gravity drainage) projects, which are in various stages of development, all within a three-to-10-kilometre radius. These SAGD projects include: Petro-Canada's Hangingstone Meadow Creek projects, Japan Canada Oilsands Company Ltd. (JACOS) Hangingstone project and Value Creation Inc.'s (VCI) Halfway Creek project. In addition to the drilling program, an 80-kilometre 2-D seismic data acquisition program is being permitted.

The second drilling program will begin to delineate the other prospect covering 47 sections. A 2-D seismic acquisition program is being planned by the company for this area. The company has secured services to ensure that delineation activities will start in the fourth quarter of 2007. AOS has engaged Ryder Scott Petroleum Consultants to evaluate the possible bitumen resources attributable to the recently acquired sections. The results will be announced as they become available.

You think SOIGF insiders have heard of a deal?

Why is SOIGF up 40%????

DALLAS, June 11 /PRNewswire-FirstCall/ -- Tyche Energy Corporation (OTC Bulletin Board: TYEG - News; GR: T2Y) -- announced that the Company has commenced preparations to bring on line 8 oil wells located on the Sidwell lease properties in Oklahoma. "As we prepared to bring the oil wells online we discovered a significant marketable amount of natural gas the Company can produce economically", stated Tyche Energy President, Leo Lodder. Tyche expects to be on line with the newly discovered gas production with a pipeline that is located near the Sidwell properties by the end of this month. The Company will report actual flow rates from the Oklahoma located wells as they come on stream.

Great story.I would like to hear more "medical opinions" of CTUM.

Looks like PTCH is holding up pretty good.AOS.V took a bit of a hit.Hope it comes back.

Yahoo says CGHI up 33% today while showing the value as zero.

Ok,I bought some PTCH for my IRA on this little swoon in the price today.So I think the situation is we are waiting for the company to issue an updated resources report?

Maddogs and Jagman.
Nice to see a reasonable discussion without any besmirching,belittling or berating.

Posted by: cy esp
In reply to: cy esp who wrote msg# 27427
Date:7/25/2007 3:51:15 PM
Post #of 27461

SOIGF - I received a PM asking me to take a look at SOIGH (Strata). They are a heavy oil junior in Canada, more exploratory than BQI. Here are my comments.

Interesting strategy, could be very successful. I would like to see an engineer somewhere in management, they are all geo-scientists and heavy oil is generally an engineering intensive process/project. It seems like a bit of a hole in their project team not to have a senior engineer on board.

Their strategy of acquiring heavy oil leases that could be produced without EOR sounds good, 5-10% recovery initially, at some point in the future, hit the reservoir with heat and get another 40%.

Don't know the reserves per well, so can't estimate capital costs per barrel. Operating costs in the play are low ($5-6/bbl) and credible, unfortunately, so is the oil price. Road tar only gets $20-$35/bbl. If it goes to an upgrader, they get the price improvement, that's why Encana teamed up with Conoco, to capture both profit opportunities.

So Strata has 106k acres, 29 million shares, 4/1000 acre per share. At $0.5/share, you are paying about $500/acre for heavy oil leases. Shell, if I did the math right, paid about $2000/acre for heavy oil leases last year.

I am not sufficiently familiar with the area to comment on the relative quality of the lands to Shell, but it seems to suggest Strata is reasonably priced if not cheap.

I'm not ready to buy in, but I will continue to watch and consider buying.

Oil sands.I bought NPE.V @ $2.21.Not looking good.I bought AOS.V @ 50cents.Dumb luck.

Haunting Questions





Can you cry under water?





How important does a person have to be before they are considered assassinated instead of just murdered?







Why do you have to "put your two cents in".. but it's only a "penny for your thoughts"? Where's that extra penny going to?





Once you're in heaven, do you get stuck wearing the clothes you were buried in for eternity?







Why does a round pizza come in a square box?





What disease did cured ham actually have?









How is it that we put man on the moon before we figured out it would be a good idea to put wheels on luggage?







Why is it that people say they "slept like a baby" when babies wake up like every two hours?







If a deaf person has to go to court, is it still called a hearing?






Why are you IN a movie, but you're ON TV?







Why do people pay to go up tall buildings and then put money in binoculars to look at things on the ground?







Why do doctors leave the room while you change? They're going to see you naked anyway.







Why is "bra" singular and "panties" plural?







Why do toasters always have a setting that burns the toast to a horrible crisp, which no decent human being would eat?







If Jimmy cracks corn and no one cares, why is there a stupid song about him?







Can a hearse carrying a corpse drive in the carpool lane ?







If the professor on Gilligan's Island can make a radio out of a coconut, why can't he fix a hole in a boat?







Why does Goofy stand erect while Pluto remains on all fours? They're both dogs!







If Wile E. Coyote had enough money to buy all that ACME crap, why didn't he just buy dinner?







If corn oil is made from corn, and vegetable oil is made from vegetables, what is baby oil made from?







If electricity comes from electrons, does morality come from morons?







Do the Alphabet song and Twinkle, Twinkle Little Star have the same tune?







Why did you just try singing the two songs above?







Why do they call it an asteroid when it's outside the hemisphere, but call it a hemorrhoid when it's in your butt?







Did you ever notice that when you blow in a dog's face, he gets mad at you, but when you take him for a car ride, he sticks his head out the window?







Do you ever wonder why you gave me your e-mail address in the first place?

Looks like its going to be Nabust eom

I dont know but Cornell seem to poison everything they touch.Its not just CSCE.There are scores of little oil and gas companies that have tanked and some of them probably will go bk.At the moment it seems like oil is hot and gas is not.You would think that oil heading north would drag gas with it but if you bet everything on it you could go bk.

I wonder if they will be able to get a patent on THAI.Obviously they can develop and market a system but can they stop others from doing the same?

Canadian silver.
$10 Million Financing Closed

TORONTO, ONTARIO--(MARKET WIRE)--Jul 24, 2007 -- Canadian Zinc Corporation (Toronto:CZN.TO - News)(OTC BB:CZICF.OB - News) is pleased to report that it has closed the previously announced private placement financing with Sprott Asset Management Inc. for 11,765,000 Units at a price of $0.85 per Unit for total proceeds of $10,000,250. Each Unit consists of one common share and one-half share purchase warrant, each full warrant exercisable at a price of $1.20 per share for two years.

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As a result of this transaction Sprott Asset Management on behalf of accounts managed by Sprott now owns 11,765,000 shares representing approximately 9.8% of the Canadian Zinc's outstanding shares. Sprott has stated that the securities are being held for investment purposes and depending on market and other conditions, Sprott may from time to time in the future increase or decrease its ownership, control or direction over the shares of Canadian Zinc Corporation, through market transactions, private agreements or otherwise.

At June 30, 2007 Canadian Zinc had approximately $25 million in cash, which following the closing this financing has now been increased to approximately $35 million. The funds will be used for the ongoing surface exploration and underground definition drilling programs on Canadian Zinc's Prairie Creek property.

$10 Million Financing Closed

TORONTO, ONTARIO--(MARKET WIRE)--Jul 24, 2007 -- Canadian Zinc Corporation (Toronto:CZN.TO - News)(OTC BB:CZICF.OB - News) is pleased to report that it has closed the previously announced private placement financing with Sprott Asset Management Inc. for 11,765,000 Units at a price of $0.85 per Unit for total proceeds of $10,000,250. Each Unit consists of one common share and one-half share purchase warrant, each full warrant exercisable at a price of $1.20 per share for two years.

ADVERTISEMENT
As a result of this transaction Sprott Asset Management on behalf of accounts managed by Sprott now owns 11,765,000 shares representing approximately 9.8% of the Canadian Zinc's outstanding shares. Sprott has stated that the securities are being held for investment purposes and depending on market and other conditions, Sprott may from time to time in the future increase or decrease its ownership, control or direction over the shares of Canadian Zinc Corporation, through market transactions, private agreements or otherwise.

At June 30, 2007 Canadian Zinc had approximately $25 million in cash, which following the closing this financing has now been increased to approximately $35 million. The funds will be used for the ongoing surface exploration and underground definition drilling programs on Canadian Zinc's Prairie Creek property.

Oil price may hit $95 per barrel

Meanwhile, a report by Goldman Sachs has served a notice that crude oil prices may hit the $100 per barrel mark before the close of the year if the Organisation of Petroleum Exporting Countries (OPEC) maintains output at current levels.

"Our estimates show that keeping OPEC production at current levels and assuming normal weather this coming winter, total petroleum inventories would fall by over 150 million barrels or 6.5 per cent by the end of the year, which would push prices to $95 a barrel without a demand response," the report added.

The London-based Centre of Global Energy Studies in its monthly oil report for July, also expects the prices to cross $80 mark in the coming months.

CIBC world markets reports projected this week crude prices to be $80 a barrel later this year and to $100 by the end of 2008.

Billionaire investor Boone Pickens sees oil price getting to $100 mark in the "worst-case" scenario. Barring even the worst case scenario, oil prices will rise to $80 a barrel within six months, Pickens predicted. Pickens bullish bets on energy have propelled him into the Forbes list of the richest Americans.

Deutsche Bank AG raised its "long-term" oil price forecast to $60 a barrel, from $45, saying the outlook is "extremely bullish."

And despite all this, the global thirst for crude is set to rise in the coming months.

dutchy1: Know that you are not talking to the lame and the blind. We all have read what David DesLauriers had to say. No one overlooked that piece in the first place. Your constant re-posting does not add anything new.

While I greatly appreciate the many write-ups by David DesLauriers at Resource Investor, it still must be said that he is sitting in a cushy office, looking at his screen and this and that report. I doubt he has an engineering or geologist background.

He is not a guy with extensive, hands on field experience. Contrast that to our president and COO, Michael L. Lee, P.Eng.
Michael is a U. of A. Mechanical Engineering graduate with 25-year career experience in the oil and gas sector, primarily in the exploitation and reservoir engineering disciplines. Michael has worked with some of the industry’s larger companies. His expertise comprises budgeting, execution and management of large capital projects as well as reservoir management. Michael is a founder of the Company and a member of the audit committee.

We also should not expect the underwriting syndicate led by Canaccord Capital Corporation and including Genuity Capital Markets and GMP Securities L.P. to commit in a bought deal to raising C$20 million without satisfaction that AOS has the substance to make this an attractive investment. You can take it for granted that the syndicate has much more in depth knowledge and understanding of the situation than outsiders like us or a David DesLauriers.

The same goes for Ryder Scott Petroleum Consultants when they were called upon to provide an independent third party report on some of AOS’s lands.

Also, the company clearly is not on a promotional binge by management as you might find with some of the less respectable names. No, they are proceeding apace towards a multi year process of resource definition with the attendant asset appreciation.

Lastly, there are other companies using the term oil sands in their name; OSUM Oil Sands and Oilsands Quest come to mind. We have no reason to think that the RI article was meant to single out AOS. All here are aware that time wise AOS is something like 9 – 12 months behind STP. No problem, they will arrive there yet. With the dramatic share price increase of STP, understandably David DesLauriers wanted to toot his own horn and highlight one more of his successful picks. Nothing wrong with that. But that doesn’t make him the ultimate arbiter of AOS’s prospects.

Quoted below from a Resource Investor update report are some further suggested comparisons between AOS and STP that do not receive discussion on this board. When the stock price is rising, starry eyes and rosy projections prevail, but real DD is sidelined.
If any one of these issues are valid, the outlook could change for AOS. I would assume Cannacord would not underwrite this play without doing some research on these issues, but they could be valid concerns. I hope this helps with your DD:

"One note of caution to investors who are going about comparing STP to other oil sands juniors: All sections are not made equal and there are a number of stories branding themselves quite well (oil sands all over their names) and going about being aggressive with their acquisitions as well.

Beware some of these names, scrutinize management, and management’s backers, and where the lands being acquired are located (poor thicknesses, native issues, etc.).

Having scanned the universe of these companies and spoken to many qualified people with specific knowledge of the area and these plays, we don’t see any reason to sell STP to go long a story that appears to be trading at a cheaper valuation presently – there is almost always a reason in every case.

STP has quality management and backers, and only goes for quality sections, not just size for the sake of it. STP will become the play with which the institutions involve themselves."

AOS and STP are both excellent buys,which is why I own them both.

STP is perhaps nearly 9-12 months ahead of AOS in its development program for its oil sand assets.

STP has 80 % of 125 sections or about 64,000 acres net to STP.
AOS has 100 % of 85 sections or about 55,000 acres.

STP has about 10 million more fd shares than AOS.

AOS has existing legacy lite oil production that can be used to pay for G & A operating costs; STP has no conventional production.

AOS has more cash on hand currently.

STP has 2P recoverable oil resources of 312 million barrels in its initial 25 sections that have been quantified todate.Those were valued( discounted 12 % ) at $667 million or about $2.10 per barrel.

AOS has 1.15 billion barrels of bitumen in place on its initial 14,800 acres, which are adjacent to several producing oil sand operations with oil recoveries in the 55-60 % range.......implicit in this statement is the significant probablity that AOS may have in excess of 500 million barrels of recoverable oil in just 1/4 of its oil sand holdings..or at least 350 million barrels at the lower extreme of SAGD recoverable indices.

In gist, there is less risk in STP as they have 17 wells drilled which provides good confidence that their oil sands at Leismer will be substantially producable.

AOS has greater risk , but it has much more leverage than STP, as the potential upside is a 10 bagger from here, should AOS's well core program show that its bitumen meet the production indices of its adjacent neighbours..to say nothing of the potential of its recent OS acquisitions.

Large capital gains always entail taking on the additional risk.
Successful investing requires strong due diligence, so as to reduce to a minimum the downside risks while also selecting so as to maximize upside potential.

In my view, AOS has an outstanding risk/reward profile in the energy sector..