![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, May 29, 2008 8:18:23 AM
![](http://img266.imageshack.us/img266/605/footeryq3.jpg)
Watch List for Thursday 5-29-2008
My new big pick is FRGY
FRGY could be huge!
Goldman Sachs has predicted oil will hit $200 within the next two years!
FRGY is an exploratory oil and gas business headquartered in Las Vegas, Nevada.
FRGY engages in the acquisition, exploration, development, and operation of oil and gas reserves primarily in the Central Alberta region of Canada.
FRGY has 100% working interest on 160 acres of land situated in the Pembina Oil Field in Alberta, Canada.
Oil prices have come along way since it traded a little over $60 a year ago!
There was a time when no one thought oil would go over $80!
According to the Annual Energy Outlook 2007, total natural gas consumption in the U.S. is projected to increase from 22.0 trillion cubic feet in 2005 to 26.1 trillion cubic feet in 2030!
These high oil and gas prices are showing investors that drilling and production projects are a smart investment.
FRGY specializes in oil gas exploration, oil condition monitoring, oil extraction, oil pumps, offshore drilling rigs, and an array of other products and services.
Last week FRGY announced that it is increasing its portfolio of prospects to include up to 20,000 acres located in a Western U.S. state.
Based upon geologist's initial reports, the prospect has been estimated to have potential reserves of 50,000,000 barrels of oil for the entire prospect.
FRGY will have a 75% working interest in this prospective lease. This information has not been proven yet and further reports and work will have to be done to confirm these numbers in detail once the acquisition is complete.
FRGY has begun working with a well established venture capital corporation to fund the initial exploration and the ability to drill its first well on the property to ensure the success of this prospect.
FRGY CEO, Mr. Robert Genesi said, "We are extremely excited about this acquisition and its potential that it brings to our shareholders. In addition, we will shortly update our shareholders on our other leases as well as corporate activity."
FRGY CEO Bob Genesi also commented, "We are extremely pleased to have been given the opportunity for this lease. We are cautiously, but optimistically, excited about the possibility of this becoming our largest oil reserve in our lease portfolio. As we have stated in prior releases, we are now aggressively pursuing leases and look forward to informing our shareholders of our rapid progress."
The world relies heavily on oil and gas!
FRGY realizes that as the population increases, so will the demand for natural gases.
Currently the world has over 6 billion people! The United Nations has projected that the number of people in the world will be over 9 billion by 2050!
In March, FRGY announced completion of its lease acquisition on its Black Forest prospect, located in Crook County, Wyoming.
FRGY owns an undivided 25% working interest in this property with the option to increase its working interest to 75%, based upon completion of the terms of the previously stated joint venture agreement.
The target in this well-defined structural prospect is a reservoir in the Cambrian formation at approximately 4,000 ft., which is believed to contain major oil reserves. Drilling sites in surrounding areas of the Black Forest property have exhibited encouraging gas and oil shows in the samples from comparable Cambrian zones. The calculated possible reserves are approximately 13.9 Million barrels per section and a total reserve projection of approximately 100 million barrels of oil, based upon production of surrounding properties.
In conjunction with the company's joint venture partner, FRGY is expecting to commence drilling on the Black Forest property in the 2nd Qtr of 2008.
FRGY will be looking to announce, in the near future, additional leases from existing and developing oil reserves in other areas to solidify near- and long-term cash flow for the company.
FRGY CEO Bob Genesi comments, "We are completing and implementing our business plan at a quicker pace than expected. We look forward to announcing these exciting developments of what the Frontier team has accomplished and is accomplishing, in the very near term."
FRGY and other oil exploration companies make it possible for us to live.
Imagine not having a transportation industry or even plastics!
Plastic is made from petrochemicals and the main ingredient in petrochemicals is oil!
The U.S. plastics industry depends on oil and employs 1.1 million workers and provides more than $341 billion in annual shipments!
So many things today are made from plastic.
FRGY knows that oil and gas are also essential to farming!
Modern farming relies on tractors and machines that need oil to run.
FRGY is in a sector that contributes a lot to the world that we live in.
FRGY's goal is to build a solid portfolio of assets through the acquisition of leases and explore and develop the opportunities on the individual leases.
If you would like more information on FRGY, make sure to check out their website at: http://www.frontierenercorp.com
Happy Trading!
TheStockster
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM