Reparo Energy Partners Corp. (NSEFD)

[NYBob]

Northern Sun Explorations - NSE.V - US: NSEFF

Northern Sun is an Alberta-based NatGas exploration company,
currently producing 315 boe/d (June 13/06) looking for over
1,000 boed by the end of 2006.
NSE have an aggressive drilling program underway in Alberta
and Saskatchewan.

Company update June 13, 2006
“Current production is down due to natural production declines
and higher than expected pipeline pressures in the 3rd party
mid-stream transporters at the Company’s Lavoy and Grouard
properties.”

The exciting story however is a JV agreement in place with the
“Ka´a´gee Tu” Indian Band on several millions of acres of
proven gas properties in the Northwest Territories.
I have accumulated NSE shares as once a resource agreement
is settled between the Ka´a´gee Tu community in the NWT
and the Feds - I expect this stock to explode in price.
The proposed Mackenzie Valley Pipeline will run through
the south western edge of this property.
Property descriptions and links to excellent maps of land
holdings and the proposed Mackenzie Valley Pipeline route

http://www.northernsunex.com/projects.html

Many retail investors likely do not properly understand
the true value and reasons for investing in NSE.

SEVERAL MILLIONS OF ACRES IN THE NORTHWEST TERRITORIES!

It’s really that simple.

The current drilling program with increasing reserves and
production in Alberta and Saskatchewan is in place to build
up value for investors now, while at the same time moving
the process forward in the NWT.
This takes time.
NSE management spear-headed by Chris Cooper have spent many
years working on this project, and will settle for nothing
less than a home-run. Since the process has its expenses the
current program of building NatGas reserves and production
is to pay those expenses and also build shareholder
value along the way.
These are shallow (400-1200 metres) wells that offer
a 5-7 year reserve life costing an average of approximately
$350,000.00 each.
Pretty straight forward development by successful
professionals who know how to remove risk.
Not a lot of blue-sky with current drilling but we investors
get paid to wait as they have been quite successful.

What is the potential of the NWT land package?

Easy, Paramount Resources http://www.paramountres.com/
reports production of 5,000 boe/d from their Cameron Hills
gas wells.
These wells are located within NSE’s massive NWT property
(often referred to as the Cameron Hills) and were
“grandfathered” when the results of the Berger Inquiry
stopped all development on native claimed land in
the 1970’s that has remained in effect to this day.

This was to allow time for the various native organizations
to settle their land claims and allow them the opportunity
to take a meaningful role in development of resources on
their traditional lands.
This is quickly coming to closure as currently only one
group is unwilling to settle, but it appears it is just
disagreement on details, not a disagreement of
the project itself.
It would seem that Imperial Oil agrees as they have
re-started spending money on all the detailed planning
for the route.
They have even set 2011 as the year they expect gas
to begin flowing south from the Mackenzie Delta.

Does NSE Need the Mackenzie Valley Pipeline?

Yes, and No.
The proposed pipeline route cuts through the SW corner of
NSE’s property, so obviously these millions of acres will
be tremendously valuable once the pipeline is in place.
But, there are several million acres on the Alberta border
that will likely be developed prior to 2011 once the Feds
and Ka�a�gee Tu complete their negotiations.
There are a couple pipelines nearby with spare capacity
that can be accessed at a reasonable cost.
Agreements on something as valuable as this are tough
slogging as there is a lot at stake and each side is being
very careful.
The final agreement will set many precedents and will
have wide ranging ramafacations.

Since everyone now agrees that they want the gas to flow
and there is a sense of urgency for additional gas supply
to the North American consumer - I do not think we will
have to wait all that long.
NSE is not a stock for day traders, only for those who
understand the story and are willing to wait.
I am one of those and I expect the pay-day to be
very substantial.

from the website:

“NORTHWEST TERRITORIES

* Northern Sun�s partnership with the Ka�a�gee Tu
will allow the company access to the Ka�a�gee Tu
traditional lands - upon rights issuance -
several million acres

* Currently awaiting framework approval from federal
government to gain access to traditional lands for
oil and gas exploration

* Recent political developments are aimed at lifting the
existing moratorium for new resources developments and
community benefit plans”

MANAGEMENT

Chris R. Cooper - President & Director

Chris Cooper has eight years of experience in management
and finance in the oil and gas industry.
Mr. Cooper co-founded Choice Resources Corp., an
intermediate oil and gas producer with over 1400 boepd,
and remains as a director of Choice.
He is a co-founder and member of the board of directors
of Watch Resources Ltd., a public gas producer in a
joint venture with the Fishing Lake M�tis Settlement
in northern Alberta, as well as a co-founder and current
board member of Banks Energy Inc., a public oil and gas
producer in a joint venture with the Poundmaker Cree First
Nation of Saskatchewan.
This was recently acquired by Arapahoe Energy Corp.
A former member of the board of directors of Pan-Global
Energy, a public oil and gas producer in a joint venture
partnership with the Onion Lake First Nation of Saskatchewan.
(C. Cooper has been purchasing stock of NSE on the open
market for several months, in small quantities)

The other Directors are a “must read” with their history of
proven success:

John A Land, P. Land
Director & COO

R.W. (Bob) Pollock, P. Eng
Director

Harvey Brooks
Director, Chairman Audit Committee

Steven J. Bruk
Director

www.northernsunex.com/management.html

For those who believe in a great exploration team have a look at the bios, a very solid team.

www.northernsunex.com/exploration_team.html
PROPERTIES

Company update as of June 13/06

“Grouard, AB
The Company has completed an additional 28 km -
2 D seismic program over its property near
Grouard, wherein the Company has approximately twenty
(20) sections of full rights consisting
mainly of crown land and other leases with
the Kapawe�no First Nation.
The seismic data has

been evaluated and seven (7) prospective multi-zone drilling
locations have been selected and
regulatory approvals for such locations have or are in
the process of being acquired.
The Company is also in the process of negotiating for
access to lands held by other operators where
additional multi zone gas prospects have been identified
by the Company.

Lavoy, AB
At the Company�s Lavoy property, a service rig has arrived
and production from the Company�s
fourth well is expected to begin within the next two weeks.
The well was tied in prior to spring
break-up but the Company could not contract a service rig
at the time in order to complete one
of the wells productive zones prior to road bans in the area.

Peace River Arch, AB
The Company was successful at crown land sales purchasing
two (2) new sections of land in
the Worsley / Clear Hills area in north western Alberta.
The Company purchased 2D and 3D
seismic data over the land and has identified at least
two (2) 2250 meter multi zone oil and gas
test well locations targeting the Leduc formation.
Successful exploration oil wells on trend
average reserves in the order of 100,000 to 150,000 barrels
and gas wells in the order of 5 BCF
of gas.
The Company is currently in the process of acquiring
the necessary regulatory
approvals to drill both prospects.

Fort Pitt / Senlac, SK

At the Company�s Fort Pitt property its 100% working
interest exploration test well was drilled to
a depth of 800 meters encountering various
prospective zones.
Upon initial production tests the well encountered gas
from a shallow horizon, as well as oil in
the Mannville zone.
The well has
been shut in temporarily as the Company is evaluating
plans to re-complete the well as an oil well.

At the Company�s Senlac property its 100% working
interest exploration well is producing gas
from the Colony formation, the McLaren was found
to contain oil.

Battle Creek, SK
The Company is currently reviewing candidate gas zones
and planning a re-completion program
for its six existing gas wells in the Battle Creek area.
The wells were drilled last year and are tiedinto
existing third party facilities.
The Company has scheduled to begin the re-completion
operations in mid-summer.

SW Saskatchewan
The Company is planning on drilling two new exploration
test wells.
The first gas test will be on
its Divide acreage targeting multi zone prospects to a
depth of approximately 1100 meters, as well as a new
exploration well on its 100% working interest lands
in the Supreme area testing similar prospects.
Both well locations have been identified through
the interpretation of 2D
seismic and are close to a third party energy trust
pipeline and compressor facilities.

Northern Sun is an Alberta-based exploration company
with approximate production of 315 boed.
Current production is down due to natural production
declines and higher than expected
pipeline pressures in the 3rd party mid-stream
transporters at the Company’s Lavoy and
Grouard properties.”

NORTHWEST TERRITORIES

Northern Sun�s partnership with the Ka�a�gee Tu will
allow the company access to the Ka�a�gee Tu traditional
lands - upon rights issuance - several million acres.

Currently awaiting framework approval from federal
government to gain access to traditional lands for oil
and gas exploration.
Recent political developments are aimed at lifting
the existing moratorium for new resources developments
and community benefit plans.
(In plain english it sounds like forces are in play to
resolve negotiations.
Once resolved NSE will have access to one of the largest
and richest NatGas fields in all North America).

Brief Points from a conversation with
President Chris Cooper
March 16, 2006:

- NSE does not necessarily stand out from their peers
in western Canada, there are many other junior gas stocks
that are comparable

- NSE is a play on the NWT with their multi-million acres of
gas properties

- NSE recently paid $1million for a property where a high
impact well will be drilled, probably in June.
If successful look for 250-400boe/d from this, which could
be a substantial increase over current production.
Other properties they bid on in most cases they were
outbid by 10x - 12x !!

- they are working on getting a pilot project going on
a portion of the NWT property, a multi-million acre
section on the Alberta border.
There are existing pipelines with excess capacity that
run up to the border from Alberta, plus
Paramount Resources has a pipeline in the immediate
vicinity with excess capacity.
Getting any gas discovered to market would be quite
simple and inexpensive.

- There are existing oil and gas wells right up to
the border

- on the west side of their property (B.C.)
Purcel Energy is producing 75-100 million cf/d

April 5/06 article I wrote on Northern Sun Exploration
for ResourceInvestor.com

http://www.resourceinvestor.com/pebble.asp?relid=18581

Doug Beiers
http://www.thesimpleinvestor.ca/stocks-covered/northern-sun-explorations-nsev/

http://www.northernsunex.com/independent_reports.html

http://www.investorshub.com/boards/board.asp?board_id=5526