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STUOF In The News
Dear Mike
The current issue of Ian Wyatt’s Rising Star Stocks features a follow-up report about San Telmo Energy (OTCBB: STUOF), reporting that the company has achieved the significant milestone of approximately 1,000 boe/d at the exit of 2004. The feature on San Telmo is enclosed for your review.
The newsletter stated “We are quite pleased to see San Telmo achieve the goal of 1,000 boe/day production levels in 2004,” and “we believe this sets the stage for an exciting 2005 as the company is well positioned to continue drilling at its current properties or expand production levels through the acquisition of additional prospects.”
Rising Star Stocks is an investment newsletter advisory that aims to uncover tomorrow's growth stock winners today. Visit: www.risingstarstocks.com.
For a further update, contact us at 877-772-9286, or via e-mail at STU@PrimorisGroup.com.
On Behalf of San Telmo Energy, Inc.,
Adam Bello
Investor Relations Officer
Primoris Group
PS. To unsubscribe from future San Telmo Energy, Inc. mailings please see instructions at bottom of email.
STUOF In The News
-------------------------------------------------
Rising Star Stocks
an investment newsletter from
Business Financial Publishing
-------------------------------------------------
January, 2005
Volume 2, Issue 1
-------------------------------------------------
www.risingstarstocks.com
-------------------------------------------------
Portfolio Update
San Telmo Hits Production Forecast
You might remember that we focused on San Telmo Energy (OTC BB: STUOF), an emerging Canadian oil and gas production company, in the November issue of Rising Star Stocks. At the time we reported that San Telmo produced 325 BOE/day for the quarter ended July 31, and that after our discussions with management, we expected the company to exit 2004 with production levels of 1,000 BOE/day.
We were very excited earlier this month when San Telmo reported that it had achieved this significant milestone of 1,000 BOE/day production by bringing on new production at two Teepee Creek wells (6-3 oil and 4-10 gas), and through the accelerated production at McLeod 6-18-58- 13W5M.
According to a company issued press release, Teepee Creek 6-3 oil well began pumping on December 8 at a rate of 100 bbls/day of 36 API oil and 100 mcf/day solution gas. The 6-3 well, which is the second on the Teepee Creek property, encountered both oil and gas in multiple zones. Management believes this new oil pool represents a significant development opportunity for San Telmo.
San Telmo 4-10 gas well began flowing on December 20 at a rate of 2.1 mmcf/day. The company has decided that in order to maximize production, stabilized production rates should be maintained at 1.25 - 1.5 mmcf/day. San Telmo has a 100% working interest in wells 4-10 and 6-3. The company plans to continue its drilling program at Teepee Creek after these initial successes.
At the McLeod property, well 6-18 had been restricted in terms of production until December 2. The restriction limited production to between 200 mcf/day and 900 mcf/day for the last eight and one-half months. The well is currently producing 2.3 mmcf/day with associated liquids. Production rates are being increased gradually to a stabilized rate of 2.7 mmcd/day.
We are quite pleased to see San Telmo achieve the goal of 1,000 boe/day production levels in 2004. We believe this sets the stage for an exciting 2005 as the company is well positioned to continue drilling at its current properties or expand production levels through the acquisition of additional prospects. We believe the company’s accomplishment of 1,000 boe/day is an important one not only for investor and management moral, but also because it puts San Telmo on the radar screens of mid to large Canadian oil production companies and energy trusts.
We believe that acquiring companies are seeking targets with at least 1,000 boe/day of production and a promising portfolio of prospective properties. We believe San Telmo has both, and believe that as management continues to organically grow its production levels and property portfolio in 2005, shares should become more attractive not only to investors but also to potential acquirers. Shares of San Telmo are trading up 20% since our initial report on the company in November 2004. We maintain our Buy rating on the company’s shares with a price target of $1.00US.
STUOF In The News
Dear Mike Maselli;
The current issue of Ian Wyatt’s Rising Star Stocks features a follow-up report about San Telmo Energy (OTCBB: STUOF), reporting that the company has achieved the significant milestone of approximately 1,000 boe/d at the exit of 2004. The feature on San Telmo is enclosed for your review.
The newsletter stated “We are quite pleased to see San Telmo achieve the goal of 1,000 boe/day production levels in 2004,” and “we believe this sets the stage for an exciting 2005 as the company is well positioned to continue drilling at its current properties or expand production levels through the acquisition of additional prospects.”
Rising Star Stocks is an investment newsletter advisory that aims to uncover tomorrow's growth stock winners today. Visit: www.risingstarstocks.com.
For a further update, contact us at 877-772-9286, or via e-mail at STU@PrimorisGroup.com.
On Behalf of San Telmo Energy, Inc.,
Adam Bello
Investor Relations Officer
Primoris Group
PS. To unsubscribe from future San Telmo Energy, Inc. mailings please see instructions at bottom of email.
STUOF In The News
-------------------------------------------------
Rising Star Stocks
an investment newsletter from
Business Financial Publishing
-------------------------------------------------
January, 2005
Volume 2, Issue 1
-------------------------------------------------
www.risingstarstocks.com
-------------------------------------------------
Portfolio Update
San Telmo Hits Production Forecast
You might remember that we focused on San Telmo Energy (OTC BB: STUOF), an emerging Canadian oil and gas production company, in the November issue of Rising Star Stocks. At the time we reported that San Telmo produced 325 BOE/day for the quarter ended July 31, and that after our discussions with management, we expected the company to exit 2004 with production levels of 1,000 BOE/day.
We were very excited earlier this month when San Telmo reported that it had achieved this significant milestone of 1,000 BOE/day production by bringing on new production at two Teepee Creek wells (6-3 oil and 4-10 gas), and through the accelerated production at McLeod 6-18-58- 13W5M.
According to a company issued press release, Teepee Creek 6-3 oil well began pumping on December 8 at a rate of 100 bbls/day of 36 API oil and 100 mcf/day solution gas. The 6-3 well, which is the second on the Teepee Creek property, encountered both oil and gas in multiple zones. Management believes this new oil pool represents a significant development opportunity for San Telmo.
San Telmo 4-10 gas well began flowing on December 20 at a rate of 2.1 mmcf/day. The company has decided that in order to maximize production, stabilized production rates should be maintained at 1.25 - 1.5 mmcf/day. San Telmo has a 100% working interest in wells 4-10 and 6-3. The company plans to continue its drilling program at Teepee Creek after these initial successes.
At the McLeod property, well 6-18 had been restricted in terms of production until December 2. The restriction limited production to between 200 mcf/day and 900 mcf/day for the last eight and one-half months. The well is currently producing 2.3 mmcf/day with associated liquids. Production rates are being increased gradually to a stabilized rate of 2.7 mmcd/day.
We are quite pleased to see San Telmo achieve the goal of 1,000 boe/day production levels in 2004. We believe this sets the stage for an exciting 2005 as the company is well positioned to continue drilling at its current properties or expand production levels through the acquisition of additional prospects. We believe the company’s accomplishment of 1,000 boe/day is an important one not only for investor and management moral, but also because it puts San Telmo on the radar screens of mid to large Canadian oil production companies and energy trusts.
We believe that acquiring companies are seeking targets with at least 1,000 boe/day of production and a promising portfolio of prospective properties. We believe San Telmo has both, and believe that as management continues to organically grow its production levels and property portfolio in 2005, shares should become more attractive not only to investors but also to potential acquirers. Shares of San Telmo are trading up 20% since our initial report on the company in November 2004. We maintain our Buy rating on the company’s shares with a price target of $1.00US.
STUOF In The News
Dear Mike Maselli;
The current issue of Ian Wyatt’s Rising Star Stocks features a follow-up report about San Telmo Energy (OTCBB: STUOF), reporting that the company has achieved the significant milestone of approximately 1,000 boe/d at the exit of 2004. The feature on San Telmo is enclosed for your review.
The newsletter stated “We are quite pleased to see San Telmo achieve the goal of 1,000 boe/day production levels in 2004,” and “we believe this sets the stage for an exciting 2005 as the company is well positioned to continue drilling at its current properties or expand production levels through the acquisition of additional prospects.”
Rising Star Stocks is an investment newsletter advisory that aims to uncover tomorrow's growth stock winners today. Visit: www.risingstarstocks.com.
For a further update, contact us at 877-772-9286, or via e-mail at STU@PrimorisGroup.com.
On Behalf of San Telmo Energy, Inc.,
Adam Bello
Investor Relations Officer
Primoris Group
PS. To unsubscribe from future San Telmo Energy, Inc. mailings please see instructions at bottom of email.
STUOF In The News
-------------------------------------------------
Rising Star Stocks
an investment newsletter from
Business Financial Publishing
-------------------------------------------------
January, 2005
Volume 2, Issue 1
-------------------------------------------------
www.risingstarstocks.com
-------------------------------------------------
Portfolio Update
San Telmo Hits Production Forecast
You might remember that we focused on San Telmo Energy (OTC BB: STUOF), an emerging Canadian oil and gas production company, in the November issue of Rising Star Stocks. At the time we reported that San Telmo produced 325 BOE/day for the quarter ended July 31, and that after our discussions with management, we expected the company to exit 2004 with production levels of 1,000 BOE/day.
We were very excited earlier this month when San Telmo reported that it had achieved this significant milestone of 1,000 BOE/day production by bringing on new production at two Teepee Creek wells (6-3 oil and 4-10 gas), and through the accelerated production at McLeod 6-18-58- 13W5M.
According to a company issued press release, Teepee Creek 6-3 oil well began pumping on December 8 at a rate of 100 bbls/day of 36 API oil and 100 mcf/day solution gas. The 6-3 well, which is the second on the Teepee Creek property, encountered both oil and gas in multiple zones. Management believes this new oil pool represents a significant development opportunity for San Telmo.
San Telmo 4-10 gas well began flowing on December 20 at a rate of 2.1 mmcf/day. The company has decided that in order to maximize production, stabilized production rates should be maintained at 1.25 - 1.5 mmcf/day. San Telmo has a 100% working interest in wells 4-10 and 6-3. The company plans to continue its drilling program at Teepee Creek after these initial successes.
At the McLeod property, well 6-18 had been restricted in terms of production until December 2. The restriction limited production to between 200 mcf/day and 900 mcf/day for the last eight and one-half months. The well is currently producing 2.3 mmcf/day with associated liquids. Production rates are being increased gradually to a stabilized rate of 2.7 mmcd/day.
We are quite pleased to see San Telmo achieve the goal of 1,000 boe/day production levels in 2004. We believe this sets the stage for an exciting 2005 as the company is well positioned to continue drilling at its current properties or expand production levels through the acquisition of additional prospects. We believe the company’s accomplishment of 1,000 boe/day is an important one not only for investor and management moral, but also because it puts San Telmo on the radar screens of mid to large Canadian oil production companies and energy trusts.
We believe that acquiring companies are seeking targets with at least 1,000 boe/day of production and a promising portfolio of prospective properties. We believe San Telmo has both, and believe that as management continues to organically grow its production levels and property portfolio in 2005, shares should become more attractive not only to investors but also to potential acquirers. Shares of San Telmo are trading up 20% since our initial report on the company in November 2004. We maintain our Buy rating on the company’s shares with a price target of $1.00US.
STUOF In The News
Dear Mike Maselli;
The current issue of Ian Wyatt’s Rising Star Stocks features a follow-up report about San Telmo Energy (OTCBB: STUOF), reporting that the company has achieved the significant milestone of approximately 1,000 boe/d at the exit of 2004. The feature on San Telmo is enclosed for your review.
The newsletter stated “We are quite pleased to see San Telmo achieve the goal of 1,000 boe/day production levels in 2004,” and “we believe this sets the stage for an exciting 2005 as the company is well positioned to continue drilling at its current properties or expand production levels through the acquisition of additional prospects.”
Rising Star Stocks is an investment newsletter advisory that aims to uncover tomorrow's growth stock winners today. Visit: www.risingstarstocks.com.
For a further update, contact us at 877-772-9286, or via e-mail at STU@PrimorisGroup.com.
On Behalf of San Telmo Energy, Inc.,
Adam Bello
Investor Relations Officer
Primoris Group
PS. To unsubscribe from future San Telmo Energy, Inc. mailings please see instructions at bottom of email.
STUOF In The News
-------------------------------------------------
Rising Star Stocks
an investment newsletter from
Business Financial Publishing
-------------------------------------------------
January, 2005
Volume 2, Issue 1
-------------------------------------------------
www.risingstarstocks.com
-------------------------------------------------
Portfolio Update
San Telmo Hits Production Forecast
You might remember that we focused on San Telmo Energy (OTC BB: STUOF), an emerging Canadian oil and gas production company, in the November issue of Rising Star Stocks. At the time we reported that San Telmo produced 325 BOE/day for the quarter ended July 31, and that after our discussions with management, we expected the company to exit 2004 with production levels of 1,000 BOE/day.
We were very excited earlier this month when San Telmo reported that it had achieved this significant milestone of 1,000 BOE/day production by bringing on new production at two Teepee Creek wells (6-3 oil and 4-10 gas), and through the accelerated production at McLeod 6-18-58- 13W5M.
According to a company issued press release, Teepee Creek 6-3 oil well began pumping on December 8 at a rate of 100 bbls/day of 36 API oil and 100 mcf/day solution gas. The 6-3 well, which is the second on the Teepee Creek property, encountered both oil and gas in multiple zones. Management believes this new oil pool represents a significant development opportunity for San Telmo.
San Telmo 4-10 gas well began flowing on December 20 at a rate of 2.1 mmcf/day. The company has decided that in order to maximize production, stabilized production rates should be maintained at 1.25 - 1.5 mmcf/day. San Telmo has a 100% working interest in wells 4-10 and 6-3. The company plans to continue its drilling program at Teepee Creek after these initial successes.
At the McLeod property, well 6-18 had been restricted in terms of production until December 2. The restriction limited production to between 200 mcf/day and 900 mcf/day for the last eight and one-half months. The well is currently producing 2.3 mmcf/day with associated liquids. Production rates are being increased gradually to a stabilized rate of 2.7 mmcd/day.
We are quite pleased to see San Telmo achieve the goal of 1,000 boe/day production levels in 2004. We believe this sets the stage for an exciting 2005 as the company is well positioned to continue drilling at its current properties or expand production levels through the acquisition of additional prospects. We believe the company’s accomplishment of 1,000 boe/day is an important one not only for investor and management moral, but also because it puts San Telmo on the radar screens of mid to large Canadian oil production companies and energy trusts.
We believe that acquiring companies are seeking targets with at least 1,000 boe/day of production and a promising portfolio of prospective properties. We believe San Telmo has both, and believe that as management continues to organically grow its production levels and property portfolio in 2005, shares should become more attractive not only to investors but also to potential acquirers. Shares of San Telmo are trading up 20% since our initial report on the company in November 2004. We maintain our Buy rating on the company’s shares with a price target of $1.00US.
AI
