International Sports and Media Group, Inc (fka ISME)

[stevo51]

ISME(E)Got this off of my ISME(E)newsletter I sign up for..very interesting:Filing should be the first of the week.then 'e' off..And then I hope some great pr's...
Subj: Premium Petroleum, Inc. Announces Boyne ...
Date: 9/15/2005 3:32:20 PM Eastern Daylight Time
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http://www.parelations.com/
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Release #:610||11675||rl
http://www.soccertv.tv/
Premium Petroleum, Inc. Announces Boyne Lake Reserve Valuation Wednesday September 14, 8:30 am ET


CALGARY, Alberta--(BUSINESS WIRE)--Sept. 14, 2005--Premium Petroleum, Inc. (PINK SHEETS:PPTL - News) commissioned an internal engineering and geologic report on its Boyne Lake Gas Prospect, which is dated May 1, 2005. Based on oil at US$32 per barrel and gas at US$6.10 per Mscf, the net present value of Probable plus Possible Reserves discounted at 10% is US$4,391,530 per well.
At current prices, this would equate approximately US$8,000,000 per well.

Initial production rates are anticipated to be in the range of 0.5 to 1.0 MMscf per day, which at today's prices equates to a netback to the company of approximately US$90,000 to US$180,000 per month per well.

Bruce Thomson, President & CEO, states, "management sees the possibility given the success of the first well to drill 4 wells per section (640 acres), and also sees the possibility of acquiring two neighbouring sections; which could result in a potential 12 well program."

See www.premiumpetroleum.com for more details.

About Premium Petroleum, Inc.

Premium is set to exploit petroleum and natural gas reserves in an environment of unprecedented commodity prices and under the guidance of a highly qualified management and technical team.

Premium is an emerging junior oil and gas company financially well connected, coupled with a strong management and technical team focused on exploiting oil and gas reserves in the Western Canadian Sedimentary basin to 6000 feet in depth. Management intends to pursue a growth strategy through Land Assembly, Joint Ventures (Farmin/Farmout), and Acquisitions. The Company has assembled a seasoned team of managers and technical professionals in the areas of geology, engineering, and legal (Petroleum Landman). With the depth of the management and technical team we have assembled, Premium is poised for aggressive asset growth and development.

For more detail about the company, its management, and projects, please refer to our web site: www.premiumpetroleum.com.

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.



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Contact:
Premium Petroleum, Inc.
Bruce Thomson, 403-264-2710
[e-mail]
www.premiumpetroleum.com


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Source: Premium Petroleum, Inc.

All this happening now,I hope is finally isme'e'means they are finally going to make their move in move up to where they used to trade..And if what the chairman of the board talked about in his moneytv.net interview.and they pull off the LA Coliseum promo game..and then the many more they are planning on at 1/2 mil or more a game..plus they pay per view games..JMO but I am keeping a close eye on everything that is happeing to everything going on here now..Just thought it is a very good every price at .005-.006 or so,cant go wrong..should be a nice double or triple from here no problem..and when they take pan american relatins public,will really be a great move..just check it out.I think next week and then from then on..will be worth the look..:)