Diversified Oil and Gas Holdings (DVFI)

[YankeeAce]

CanAm, according to the company's unaudited annual report for 2005 BIGN has a 50% JV with Hydroslotter Coporation. Looks like they invested about $220,000 in the technology. A note in the report says they have received a total of $30,000 in cash thus far from this technology. I beleive they will be selling this technology to other companies and not just slotting BIGN wells.

The company's business model appears to be to use the current revenues to slot additional wells and continue to acquire additional well interests. The beauty of this investment is that it will not take years to see it work, instead we are only looking at a few months to really be cooking now that we got our first real gusher.