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| Comment | 0.260 | Joseph Schachter | Has been a disappointment in this bull market. Still has a $0.48 target on it. Has one big play, Gallahad, and if they can get their act together on it, it will be the upside for them. Need access to rigs for this play. | 2005-09-26 | |
| DON'T BUY | 0.250 | Bill Harris, CFA | Seems like it's just stuck in the water. Hasn't grown and it should have. | 2005-09-13 | |
| BUY on WEAKNESS | 0.235 | Joseph Schachter | Have a very important play in an area called Gallahad and are waiting for better weather to drill. If they are successful, the stock could go to $2.50. Producing 800 barrels a a day which is below their 1st quarter number of 854. Could exit 2005 at 1500 BOE's a day if Gallahad is successful. If you are patient, believes this will work. | 2005-06-20 | |
| HOLD | 0.330 | Joseph Schachter | Have a number of wells they are going to start drilling this month. | 2005-02-14 | |
| BUY | 0.320 | Joseph Schachter | Had some problems bringing on a new area called Galahad. That play is now on. Will start drilling two more areas very soon which could double their production. | 2004-05-19 | |
| WEAK BUY | 0.435 | Glenn MacNeill, P.Eng. | Has had some interesting discoveries. Seems to be growing. High risk/high reward. | 2003-12-18 | |
| TOP PICK | 0.380 | Joseph Schachter | Expected to do a reverse split. Expect that next year it will average about 1500 BOE’s. A small emerging company that is having a lot of volume rose. Very cheap on a cash flow multiple. | 2003-11-05 | |
| WEAK BUY | 0.340 | Glenn MacNeill, P.Eng. | High risk/high reward. Hasn’t done much until the last couple of months when it drilled some very interesting wells. | 2003-09-02 | |
| BUY | 0.360 | Joseph Schachter | Is having good production growth. | 2003-08-22 | |
| WEAK BUY | 0.220 | John Clarke | Not a lot of institutional interest. Production is growing. Will take a while. Reasonable. | 2002-10-08 |
