Replies to post #933 on Bonanza Oil & Gas, Inc.(fka BGOI)

[$toney]

This one from Penny Stock Profitz:

Congrats to everyone who is profiting from our BGOI alert from a couple weeks back. We recommended that our readers start looking into this stock when it was trading at .03 , BGOI is currently trading at .0539 for a gain of 80% for anyone who followed this pick.

We DO NOT think BGOI is done yet. A break of the .05 level is a mental resistance. BGOI had been trying to break this level for a few weeks and yesterday we finally did. It looks like anyone who wanted to sell already has and we should start to move higher from here. There is a solid uptrend on the chart. If you are not in BGOI you should be. A move much higher is in the cards for BGOI and we want all of our readers to profit. Everyone should own some BGOI

In case you missed our initial coverage on BGOI I would like to re-introduce you to Bonanza Oil & Gas Inc

Bonanza Oil and Gas, Inc. (Bonanza) is an independent energy company that is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The Company's production activities are located in the United States. The Company’s crude oil and natural gas properties consist of working interests owned by it in various oil and gas wells and leases located in Texas.

As you can see BGOI is in the business of Oil and Gas exploration. This sector is HOT. With oil prices expected to blow through their 2008 highs BGOI stand to profit from a multi billion dollar industry.

BGOI's primary goal is capturing and exploiting PUDs (Proven Undeveloped reserves). As these PUDs are acquired, assembled, and developed, BGOI's reserves will be increased accordingly.

BGOI's relationships with their partners have given them access to viable and potentially profitable leases and working interests available, and their partnerships with various operators in the sector will allow BGOI to exploit these opportunities to their fullest advantage.

BGOI has a strong list of PUD's . Here is that list


Apclark Field
6700 Acres encompassing 14 horizontal and 6 vertical PUD locations with superb production history. Currently have drilled two 10,000 foot TD horizontal wells in the Jo Mill Spraberry. Both are in Completion stage.

Good North Project
The Good North Field in Borden and Howard Counties, Texas consists of 1,263 acres drilling opportunities offset to historical production in the Jo Mill Spraberry and Dean zones. The Good North also has drilling opportunities in the Wolfcamp and Canyon Zones. 3D seismic coverage assists in the evaluation of the Good North Project.

Bourland Field
Current producing from 8 existing wells on 960 acres in Ector County, Texas, in the San Andres Formation. The project to include drilling 8 new wells in the Field.

Damon Mound Field
Highly productive (11MMBbls) Gulf Coast salt-dome formation with up-dip hydrocarbon accumulation along the flanks of the dome.

Plantation

Eight well program that produces oil from the Austin Chalk reservoir in Gonzales County, Texas. There are currently 3 wells of the eight producing with the balance scheduled for workover. The wells are turn-key, resulting in no further expense to the Company.

BGOI has a strong list of properties that could bring in new revenues and profits. The chart on BGOI looks solid and we think there is HUGE upside potential for BGOI. We think BGOI is a winner. We will have more info later on in the week but BGOI looks to be a BUY.



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