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| PAST TOP PICK | 0.090 | James Hodgins | (A Top Pick Dec 21/10. Down 71.66%.) Pairs trade. - Long Sea Dragon (SDX-X) and Short Bankers Petroleum (BNK-T). Once war broke out in Egypt he started selling out of it. | 2011-10-20 | |
| SELL | 0.075 | Eric Nuttall | High profile management team that hasn’t delivered. Sitting on $0.03 of cash and trading at 4X cash flow. If you own, take a Tax Loss. | 2011-10-13 | |
| Comment | 0.130 | James Hodgins | Got hit with the Egyptian uprising. Political risk is always difficult to forecast. Very solid management team. 2 projects. One has worked out very well and the second has proven to be more difficult but is not unfixable. Have been mapping the number of zones with possible fracing. Has NAV at $.30. | 2011-06-27 | |
| BUY on WEAKNESS | 0.195 | Joseph Schachter | Egyptian oil, Sees $0.25 of value between on their 1,200 BOE's a day production. Market is leaving the story alone because of the Egypt thing. They know their way around Egypt, Will be drilling high impact wells again in the 4th quarter. Likes the story. Mid-teens to the $0.20 range is a good buy. | 2011-05-10 | |
| BUY | 0.210 | Joseph Schachter | Likes this one a lot. Was much higher a year ago when they were drilling the Colombo play. Since then they have drilled one more high impact well that turned out dry and that is when the stock dropped. They will be drilling another high impact well in the 4th quarter, which is close to El Morocco and has a higher probability of success. Probably $0.25 of hard value (NAV) in their current production they are doing now. You’ll have to be patient. You need a 3 to 4 year time horizon. | 2011-04-14 | |
| DON'T BUY | 0.210 | Eric Nuttall | Has been a huge disappointment. Their Colombo wells, which they need to frac, have come on to about 1/3 to ¼ of the economic threshold. Doesn’t see any upside. | 2011-04-13 | |
| PAST TOP PICK | 0.220 | James Hodgins | (Top Pick Dec 20/10, down 11.75%) Long Sea Dragon and short Bankers. Would still buy sea dragon. | 2011-03-17 | |
| BUY on WEAKNESS | 0.240 | Joseph Schachter | Egyptian oil producer. Doing about 1,375 BOEs a day and they fraced 6 wells that they’ll be bringing on production, so he sees them doing 1800-1900 BOEs a day. | 2011-02-22 | |
| BUY | 0.250 | Laura Lau | Egyptian oil producer. Has been hit because of getting supplies due to Egyptian riots etc. Have had troubles executing. Fields are far away from insurgencies. Not expensive. | 2011-02-09 | |
| DON'T BUY | 0.250 | Eric Nuttall | Pure exposure to Egypt so has been suffering from political volatility. Execution by the company has not been fantastic. Competent management. They were looking for 500 barrels a day per well and have been coming on with 150. Sold his holdings. | 2011-02-09 | |
| TOP PICK | 0.240 | James Hodgins | (A Top Pick Dec 21/10. Down 23%.) An Egyptian play. | 2011-01-31 | |
| BUY | 0.270 | Jason Donville | Interesting profile. Drilling for oil and gas in Egypt. Good management. Everything looks good, but it is a $0.27 stock, a junior junior. Wouldn’t have a problem having a punt on it, just don’t put your life savings into it. | 2011-01-20 | |
| TOP PICK | 0.295 | James Hodgins | Pairs trade. - Long Sea Dragon (SDX-X) and Short Bankers Petroleum (BNK-T). 2 companies with similar strategies. They are essentially applying new western drilling techniques to known overseas’ basins that haven’t used them before. Bankers have been active in Albania for about 5 years but had some production disappointments recently. This company is doing the same in Egypt where they have very good connections. | 2010-12-21 | |
| WAIT | 0.270 | Eric Nuttall | Stock has been weak because they are slower than they said bringing on new production. Likes the management team. You could pick away at it over the next couple of months. | 2010-08-24 | |
| BUY | 0.280 | Joseph Schachter | Focused in Egypt. Potentially exploration upside. Currently raising money and that is holding the stock back. As they take operatorships in Egypt that they can run themselves, we will all be happy investors. | 2009-10-20 | |
| BUY on WEAKNESS | 0.175 | Joseph Schachter | New management changes. Just announced their first deal in Egypt with Premier Oil Overseas taking on wells that can do a couple of thousand barrels a day. They will take a 10% interest. Looking for more deals and he is hoping they will be up to do that. Stock is at about $.17 and they have about $0.08 in cash. | 2009-08-21 | |
| BUY | 0.130 | Joseph Schachter | (Market Call Minute.) Very small company. Working on new deals in Egypt. Very early in the story. This is one you want to buy and put away. Multiyear story. | 2009-04-06 |
