STOCKCHASE

Nice run from the lows. This is a company that has two nice discoveries – UK and Romania.. Should have production Q1 2012. Could be a $5-6 stock in 2012. Could take profits at these levels. Buy below $1.25

2009-10-20

HOLD

1.700

Really likes the far- out that they did a month or 2 ago. Still has lots of upside and have reduced the downside considerably.

2009-08-06

BUY

1.420

Jennifer Stevenson

(Market Call Minute.) If you have a longer-term view on exploration upside because they have some exciting prospects.

2009-06-01

WAIT

0.970

Has two very big discoveries. Romanian project will start production in 2011, as will UK project. He is in the process of reviewing this stock. Target used to be $2-$3.

2009-05-01

Comment

0.900

Have different projects. The problem is they recently raised money at 15% interest rate and will probably need to raise more in the future to advance their projects or else sell a portion of their assets. Based on where he expects the price of oil to go, their assets are worth a lot.

2009-04-07

DON'T BUY

0.920

There are a lot of small players in the Breagh field and they are trying to bring in either a larger energy producer or a large utility to be a buyer of the natural gas on this play. 70% is for sale. Probability is that production will come on in 2011 or 2012. Also have a play in Romania that Melrose (?) is running for them. Not doing any drilling in the near term.

2009-04-06

Comment

1.000

Access to capital for all of the international smaller plays is basically nonexistent. This is one of only 2 oils that he kept. Well diversified. Have cash. Some of their assets are so big that they could farm out some of it.

2009-01-13

Comment

0.650

Enormous drilling success in offshore Romania and the UK North Sea. The problem is, they have found a fabulous amount of reserves but how do they get them out of the ground without spending a ton of money. Have enough cash to survive until the markets open up and they can get enough cash to complete the projects.

2008-11-14

BUY

0.650

(Market Call Minute.) Affected by the credit crisis right now. Very cheap.

2008-10-17

BUY

1.580

Natural gas. In the process of drilling a very important well and will hopefully have news in the next few weeks. They will then go back and drill others.

2008-09-25

BUY

2.260

(Market Call Minute.) It's about 1X cash flow so definitely a Buy.

2008-08-27

BUY

2.260

Allan Jacobs

Gas exploration primarily in the UK. Likes the company a lot. This is not a great market for exploration companies. Strong believer in this company.

2008-08-27

TOP PICK

2.200

Drilling offshore Romania and UK North Sea. With these 2 projects by 2012 they could be doing 20,000 a day.

2008-08-26

Comment

2.600

One of the best names in the UK right now. Huge potential. Takeout value could be a double.

2008-07-08

TOP PICK

2.840

(A Top Pick July 20/07. Down 1%.) By 2010 they'll be having first production from UK and offshore Romania. He has them ramping up to full production of 30,000 BOE's by 2012. Will start drilling in July.

2008-06-05

BUY

2.470

Had 3 successes with the drill bit. Partnered with Oilexco (OIL-T) in the North Sea on the Sheryl play, which could add 3500 BOE's a day. Have also had 2 gas successes, Breagh and Doina where they will do more delineation drilling. In the 4th quarter it will be drilling another exploration well in the North Sea. Hold for 3 or 4 years. There should be quite a bit of upside.

2008-04-04

WATCH

2.650

Jeff Parent

Chart shows a bullish wedge pattern, higher lows with a resistance point at the top. The breakout level would be about $2.90. If it breaks above that with volume, it will go higher. If you own, start reducing your position if it goes down to $2.30 and out completely below $2.

2008-02-20

TOP PICK

2.650

They have had 3 successes so far. Thinks cash flow in 2011/2012 is greater than today's stock price.

2008-01-24

TOP PICK

2.780

Just announced a success on offshore Romania. If they bring their 3 projects into production, they could be generating cash flow greater than the stock price.

2008-01-02

TOP PICK

2.180

In the North Sea and Romania. Have had success at Breagh in the North Sea and are going back in the 2nd quarter with a jack up rig and delineate it. Drilling a well and will know in early January if successful. Have 2 high impact plays next year. This is a stock you Buy and put away.

2007-12-19

HOLD

2.550

Can’t explain today’s downside. They had very good news today. The market is pessimistic across the board.

2007-11-19

TOP PICK

2.660

Currently testing the Brea well. Announced they have a successful well. Should get the results of this in the next week or two. In December they start drilling an offshore well in Romania.

2007-11-15

TOP PICK

2.350

He likes the company because of a $1.20 value. Between now and the second quarter of 2008 the company will be drilling three high impact wells. Believes the company will do well even if just one well comes through.Best to buy when market is quiet.

2007-10-22

TOP PICK

2.080

High impact drilling. Will be drilling 2 plays before the end of the year, one offshore gas play in the UK North Sea and an offshore gas play in Romania. In Q1 they will be drilling 2 more offshore gas plays in UK North Sea and Romania. High risk, but well financed.

2007-10-11

BUY

1.870

Drilling a natural gas well this month. Drilled a well with Oilexco (OIL-T) in the North Sea, which was abandoned, the reason for the recent stock price drop. Very cheap. Have a portfolio of prospect of drilling sites globally.

2007-09-11

TOP PICK

2.350

Have 35% of a project with Oilexco (OIL-T) that is being drilled right now. Will drill a gas play in mid-Sept. in the North Sea. By the end of the year will be drilling offshore and onshore Rumania.

2007-08-17

TOP PICK

2.800

Have a lot drilling projects including the UK North Sea, the Brea well in mid-Sept and offshore Romania at the end of the year and another one in the first quarter of 2008. Could be a down side of maybe $2 this fall.

2007-07-20

TOP PICK

2.170

U.K North Sea and Romania, both on and off shore in both areas. They will be exposed to $15 of unrisked potential.

2007-06-04

SELL

1.580

Jennifer Stevenson

Have a nice asset suite in the North Sea. Execution timing has been a big disappointment. If you have a really long-term outlook you can park it and forget it. If you want shorter term performance, Sell.

2007-05-15

HOLD

1.610

Had some dry wells in Romania and the stock got hit. They are now in a window where there is no drilling until the 4th quarter. Doesn't see much downside from here. Likes the stock longer term.

2007-04-24

BUY

1.780

Oil exploration with a multitude of different plays globally. Expecting a lot of upside.

2007-02-26

PAST TOP PICK

2.050

(A Top Pick Jan 11/06. Up 13.3%.) Involved in the North Sea off the UK as well as Romania. Involved in another play that could result in $.74 cash flow. Have a lot of cash.

2007-01-23

HOLD

1.600

Had a misunderstanding with a partner in the North Sea as well as a dry and abandoned well in Romania. Feels the North Sea can be brought in at more than10 million barrels. Hit with a strike by the divers. Likes the story.

2006-11-15

PAST TOP PICK

3.100

Up 51%. He still likes it because they have a lot of drilling ahead of them. It has good management and is well financed.

2006-09-29

BUY

2.250

A partner in the UK which could come on in Q4 in 07. Also drilling in Romania.

2006-06-20

BUY

2.290

The upside is quite big. It is definitely doing the right things. Could go to$3 or more. One of the undiscovered gems.

2006-06-06

TOP PICK

2.000

Have assets on shore Romania which is very big upside. Have UK offshore oil. There are 9 plays in the next 12 months. If they have 1 out of 9 success rates it is a $3 stock. Have a 3/5 year time horizon.

2006-04-12

TOP PICK

1.670

They have liked this stock for a long time, since 80 cents they have been recommending it. The CEO has great experience internationally. There are 9 drills being drilled so he predicts one or two should come in. He recommends it to be part of a portfolio. There are drilling risks involved here.

2006-03-09

TOP PICK

1.810

Has had a quiet period because they have not been drilling. They are going to go back into Romania in terms of drilling in February. Have been doing seismographs and will be selecting locations. Will also be giving their first account drilled in the North Sea in which they have a 35% interest.

2006-01-11

BUY

1.500

In January, their partner Oilexco (OIL-T) will be drilling their well in the North Sea. If the well comes in it probably will not be in production until '07.

2005-11-22

BUY

1.660

There's no material drilling occuring immediately. Has 2 areas, southern North Sea and Romania. The Romania well did not come in so the stock has languished. Will be drilling in the central North Sea at the end of December. If successful, could add a couple of $'s a share. Will probably start another drilling in Romania in early 2006.

2005-10-07

PAST TOP PICK

1.760

(A Top Pick June 20/05. Up 4%.) Likes this one longer term. Will be involved in about 6 exploration plays in the North Sea between now and the end of '06. Could be $10 by the end of '07. Also has a play in Romania. In a pause here but if it drops below $1.60 or so, it will be a table pounding buy.

2005-09-26

BUY

1.500

Had a dry well in Romania and the stock came off the $2's. They'll be doing more seismic and figuring out what to do next between now and Nov/Dec when the seismic is all interpreted. In November they will be drilling their 1st high impact well in the central North Sea area. Sees 6 potential wells being drilled by the end of '06 and any one will add $3.

2005-09-02

TOP PICK

1.300

Came down because of a disappointing well in Romania, of which 80% was paid by their partner. Sitting on about $0.35 in cash. Strong management in international plays. Thinks they will do more seismic up and in future weeks will hear about their plans to explore in Romania. Also expecting good results offshore UK. Good price.

2005-08-02

TOP PICK

1.700

Currently drilling a well in Romania on 1 1/2 million acre concession. Good people. Sitting on $30 million of cash. If they are moderately succcessful, it could be a $3 stock by year end.

2005-06-20

TOP PICK

1.600

An exploration story. Operating in 2 areas, Romania (1.5 million acre concession) and 11 offshore blocks off the UK in the North Sea. Feels that between now and 2006, they'll have 5 wells drilled with partners in the North Sea.

2005-06-10

VAGUE

1.850

Rick Rule

Drilling a well onshore Romania and participating in the promote round in the north Sea. Expect to see a lot of speculation in the next 2 weeks because of the Romanian well. Reducing his position because his base cost is so cheap. A wonderful wide open exploration play. Good range of prospects.

2005-06-02

DON'T BUY

1.640

Doesn't follow this one too closely. A very volatile stock. It's like a lottery ticket right now.

2005-05-10

BUY

1.830

Have 11 offshore concessions in the UK and are working on farming out a couple of those. Hoping they'l will get drilled by Q4 in '05 or Q1 in '06. Very good team. Also have 1.5 million acres in Rumania and hope to spud a well in the next 2 weeks and is potentially very significant. Speculative.

2005-05-06

DON'T BUY

1.680

Bill Carrigan

Just broke its 50 day moving average to the downside. Had hit a spike and you never buy into a spike. For an uptrend, it must not hit its low that it hit in March and must make a higher high.

2005-04-27

BUY

2.280

Has 10 parcerls of land offshore in UK. 3 of them are close to being farmed out. Between now and the end of '06, if they can get 3 wells drilled and they have a 30/50% piece of it, it can have value of $5/10 potential. Romania is going to become and ECM country and they have no national oil company. Feels their 1.5 million acres concession is very valuable. A 3 year story.

2005-03-31

STRONG BUY

2.000