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============================: THU.FEB,010208 :============================ | Torch Energy Advisors, Chuck Strain 8th Annual Micro/Midcap Oil & Gas Conf. @ Waldorf : Contact |10:2| Comment overheard : Russian business even more centralized in Moskow now than before breakdown of command economy . |10:4| Teton Petroleum : Howard Cooper : cdn venture exchange | US Corp . CDNX .yty.u | filing 10 sp reg for US OTB | Largest oil basin in Russia - south of permafrost . 300 mi S o arctic circle . Existing pipeline . 100MBrl field US gov gave loan to Haliburton , BP , lot of western eqp around . 4M$ cash flow last 3 yrs . In Winter , truck oil . new 6M$ pipline online soon . Based Steamboat Springs CO . Proven resv : 147M$ 87M$ , before , after tax Russian trading grp : Mediteranian Overseas Trust , does the exporting transactions . Inside Ownership by small collection of overlaping investment partnerships . Pipeline w b flowing April . This & Toronto , their coming out parties . Present val ( disc .1 ) , $87M Been producing & selling for hard money since first aq in `97 . Share price = .56 % brl reserves . Russia export 3.5M$ % day , lot of money staying there . ABN-AMRO Moskow < -- > Co Springs . Urals Blend , $1 under Brent . Loaned money into Russia rather than equity . getting net net 9.82$ % brl . flowing brl : 25000 | P%E 4.9 |10:26| how deep ? 7000 ft deep wells | Well 16 - 1000 % day for > 4 yrs . Million brl potential in international areas - rare in mature US & Cdn . RC : Want extra cash to buy reserves @ .26 % brl in ground , can sell for $26 . Bill John & Arden started in Kahzikstan before learning of Siberian . Gregory - head of Geology ministry - picked field - still a partner . US Insiders own > .4 , Anolly(?) ( Fiat ) family owns some . www.tetonpetroleum.com Currently flowing3 of 5 wells because can only haul 500 bl % day . w have 13 soon . want additional interest in GolOil . .04 $ % B paid for .9 B Brl . Oil fields tenders not given away . employ 80 people from viliage w .5 unenployment . w b > 70 wells drilled , 33 in 1st phase . predict based on analog fields . 100MB field is hell of big field . Lot of work to do . Looking for ~ $5M . more after listed & known in US . Every tender offered has been bought in thin mkt . Sergut , T&k . -55 c today - water buildup in north flowing rivers . now lot of shut downs . after pipeline will be continuous flow . not a big paraffin problem , their oil light . Azurbijan - were 500 illegal taps off one stretch of pipeline . Under Breznev : lot of wells ruined by water flooding to increas immediate cash . |11:7| North Coast : NASD : NCEB . Omer Yonel , CEO . ( essentially runs it as division of NUON of The Netherlands ) : PA OH VW border shales . .96 Nat Gas , own , operate , pipe ; Doubled size of rsv , stock price | 131 B | Acq Peak - supplied finance . w drill 22 more wells by eoy . > 300 development locations . 10K mcf directly piped to aluminum co . .5 .6 US pop , mfg w/in 500 mi . Appalacian .23 premium over NYMEX .27 gas avail to (spot) mkt , expect to grow to .55 thru expiring contracts . future 2ndary offer . Fixing leaks in pipelines . Exploration potential , electric generation . NUON , ex official Netherlands , owns .86 of capital . 15M$ Omer Y. CEO . only investment . have surpassed 5 yr busn plan . Ex ABB . Launched total remanagement of company from previous 18 yr - swept out all old mngt . Only corp culture & vision holy . was like a farmer`s organization . [ Back in the late `70s I saw amazingly ancent centrally powered mechanically linked oil wells over acres of woods around Bradford PA . like sugar maple farmers ] Totally new company now . New Busn Plan just issued . attacking liquidity problem : 30 M 15 yr ago , now 130M $ today . want to grow to 500Bcf . event driven . 3rd fastest growing O&G co last 12 mo . 131 reserves must be consolidated . expand outside Appalachans , hedged on predictable cash flow . emp - energy split Business practices reengineered , new software , Refining ? No Hedge thru nature of internal revs Break even price : 1.3 | |12:54| Chuck Strain w Chet Paulson , John Westergaard , 8th conf Torch 5 partners : Frost Cochran : |13:1| foreign impact US mkt thru CND . Apache , Evergreen . spun out of AL Ins co Torchmark , M&A mkt advisor & principal . co-invest w institutions . Torch Capital , Operating , Novastar tek joint w Oracle . heavily regulated , transaction intensive . Real Property system in US . Individuals do not own mineral rights anywhere else . 10ks of royalty checks % month . Regulatory like health industry . net profit , royalty structures . Some companies cheaper than the oil they own . will be bought . Cambridge Resources told Clinton admin clearly that energy price would rebound sharply . Ignored . |13:44| |14:2| Evergreen : Raton basin , UK CoalBed Methane Tek leader . sold all other O&G properties . Consolidated 240K acers in Raton Basin 530 wells drilled in basin . do own wells so can experiment . .98 drilling sucess rate . Domestice E&P producer . Upward reserve replacement . 822 BCFE . 45 MCF % sare 1.2B$ SEC PV 10% proven reserves . from 1 in `94 to 53 MMCF % day now . Mkt Cap 700 [ Battery died ]
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