Undiscovered Equities, Inc.
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
http://www.undiscoveredequities.com/
Undiscovered Equities Top 10 2009 Average Return 168% http://www.undiscoveredequities.com/top_168.html
Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to http://www.undiscoveredequities.com/ and join our email list on our home page.
Kevin McKnight 1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212
Boca Raton, FL 33432
http://www.undiscoveredequities.com/
Monday, November 29, 2010
Undiscovered Equities Top 10 Picks for 2010
Undiscovered Equities, Inc.
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
http://www.undiscoveredequities.com/
As promised, we at Undiscovered Equities would like to take this opportunity to showcase our top 10 investment opportunities for 2010. Last year we urged our subscribers to ignore the nervousness of the times and take advantage of the opportunity that the period of forced liquidation created. As our results show, it proved to be, as Warren Buffett said, “one of the greatest buying opportunities of our lifetime.” Our advice to our subscribers this year is to remain patient, have a long term outlook and continue to invest in great businesses: ones that can make huge profits and grow dramatically even in today’s economic environment. Looking ahead we expect that the market for crude oil will continue to grow, especially as certain areas of the world such as India and China continue to modernize. We feel that oil prices will trade in a range between $66 and $90 per barrel. This year however we are avoiding domestic natural gas exploration plays as we believe gas prices will remain under pressure due to the recent robust shale finds and the challenging US economic environment. In the past we have focused primarily on the energy sector, but this year we have chosen to diversify as several extraordinary opportunities have captured our attention. We expect these 10 stocks to outperform in the New Year and as always it is important to keep some cash in reserves for extraordinary opportunities.
All of us at Undiscovered Equities hope you had a great holiday season and we wish you success and prosperity in the New Year!
Endeavour Financial (TSX: EDV) $1.77 Ironically, we were introduced to Endeavour through their interest in Manas Petroleum’s giant concessions in Albania. TSX Listed Endeavour Financial is an independent merchant banking company focused on the global natural resources sector. Endeavour offers advisory services in project, corporate and debt capital markets; equity financings; mergers and acquisitions; and strategic business development. Endeavour also has a gold-focused investment strategy and seeks maximum returns by identifying, investing in and consolidating junior gold mining companies as well as some oil and gas companies. Many resource investors know the Vancouver based financier Frank Giustra. Endeavour is Giustra’s most public investment vehicle and together they have been behind some of the biggest wins in the resource market this decade, including Wheaton River Gold, Northern Orion Resources and Urasia Energy. Endeavour’s track record has been impeccable, and we think they will continue to produce significant returns for their shareholders for years to come. We also feel that the continued weakness in the dollar will add to Endeavour’s success.
Environmental Infrastructure Holdings Corp. (OTC BB: EIHC) $0.26 Environmental Infrastructure Holdings (EIHC) is the parent company of various environmental manufacturing, engineering, and services companies. Currently, EIHC has two subsidiaries Equisol, LLC and Xiom Corp. as well as investments into various joint ventures and partnerships. Recognized in 2008 by INC Magazine as the 7th fastest growing private Environmental Services Company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Their team of top rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important. From consulting and design of equipment systems, to sales, installation and maintenance services, Equisol can address their customer's needs in many diverse applications. Equisol provides cost effective equipment strategies to allow users of water and producers of wastewater to achieve profitability while focusing on their core business activities. Through Equisol's association with world technology leaders, they are able to supply a broad spectrum of high quality products. Their staff, with over 300 years of engineering experience in equipment automation, uses these technologies to select the most effective solution for their customer's applications. Other recognition that Equisol has achieved include the Entrepreneur Hot 100 Fastest New Companies in 2004, INC5000 ranking of #621 for 2007, and 2009 Philadelphia 100 recognizing the fastest growing private companies in the region. Xiom Corp. is a technology business offering delivery of plastic powder coatings at on-site locations utilizing the XIOM 1000 System. Powder coating currently is a process in which metal parts are brought into a factory environment where they are cleaned and prepared to receive a powder coating. Plastic in powder form is then applied to the various metal parts by means of an electrostatic charge that causes the powder to adhere to the surface. The coated part is then heated in an oven for a period of time to cause the plastic to melt and adhere to the substrate. Although they use plastic powder, they do not electro-statically charge that powder in order for it to adhere to a substrate. Xiom uses a different mechanism which simultaneously applies and fuses the powder to a substrate. The advantage of this process is that the coating process is totally portable and can be applied anywhere, not necessarily in a factory setting, and can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory, using an oven. The CEO of the combined entities, Mr. Michael Parrish has extensive operational and general management experience; his focus is on financial performance and strategic alliances. Prior to running Equisol, Mr. Parrish held various executive positions in several General Electric Companies where he served in positions such as General Manager for global logistics and services for GE’s Water business, and, earlier, as Managing Director for GE Capital specializing in ecommerce, six sigma, and productivity of several of GE’s equipment management groups. Prior to GE, Mr. Parrish served for 14 years active duty in the U.S. Army where he held various leadership positions of increasing responsibility as an Army Aviator culminating as a member of the Army Acquisition Corps. Mr. Parrish has a Bachelor’s degree in Engineering from the U.S. Military Academy at West Point as well as a Masters degree in Astronautically Engineering from Stanford University and an MBA with honors from the Wharton School at the University of Pennsylvania. He is the current President of the West Point Society of Philadelphia and serves on the boards of the USO of SE PA/NJ and the Delaware Valley Industrial Resources Council. We think this company is extremely undervalued given the fact that the applications for Xiom's products are virtually endless. With the addition of Mike Parish and the Equisol team we believe revenues will grow dramatically in 2010.
Far East Energy Corporation (OTC BB: FEEC) $0.46 Houston, Texas based Far East Energy Corporation together with its subsidiaries, focuses on the exploration, development, production, and sale of coalbed methane gas (CBM) in the People's Republic of China. The company owns interests in three production sharing contracts, which cover the 485,000-acre Shouyang Block in Shanxi Province; the 573,000-acre Qinnan Block in Shanxi Province; and the Enhong and Laochang areas, which total 265,000 acres, in Yunnan Province. Far East Energy has formed an alliance related to its Qinnan Block with Arrow Energy International Pte Ltd (Arrow), the Singapore-based subsidiary of Arrow Energy Limited, a large Australian CBM producer. In addition Far East recently announced that gas production from the Shouyang Block in the Shouyang Block of Shanxi Province, China, has begun and is accelerating rapidly. The Shanxi project in full development has the potential to become one of the largest CBM projects in the world. In a country that desperately needs clean energy sources, Far East Energy has the potential to produce between 10 and 20 TFC of natural gas. It is also important to note that the price of natural gas in China has gone up over the last 3 years as opposed to the US where prices have plummeted. We have been following Far East for quite some time and now more than ever we are aggressive buyers.
Gran Tierra Energy Inc. (NYSE Amex: GTE, TSX: GTE) $5.74 Gran Tierra Energy, Inc. is an international oil and gas exploration and production company operating in South America. The Company currently holds interests in producing and prospective properties in Colombia, Argentina and Peru. The Company strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration drilling to grow future reserves. Current production from operations exceeds 13,000 BOPD net after royalty. The Company recently announced a capital spending program of $195 million in 2010 for exploration and production that includes the drilling of seven exploration wells in Colombia, four exploration wells in Peru and re-entry and side-tracking of a well in Argentina. The approved 2010 budget also includes funds for 2-D and 3-D seismic acquisition programs in Colombia, Peru, and Argentina and facility upgrades in Colombia and Argentina. Gran Tierra Energy had $151.6 million in cash at the end of Q3 2009 and has no debt. The 2010 work program and budget is expected to be funded from cash-flow from operations with the balance from cash on hand. This is a very strong well run company and we feel they will continue to drill economic wells as they enter next year with the largest exploration drilling program in the company's history.
Houston American Energy Corp. (Nasdaq: HUSA) $6.13 Houston American Energy Corp. is an oil and gas exploration and production company whose activities are focused on several concessions in the South American country of Colombia. Houston American continues to generate strong operating cash flow from their production base in Colombia with their interest in the Hupecol project which is currently producing over 850 net barrels of oil per day and growing. In 2009, Houston American recently added 2 extremely valuable assets to their portfolio of properties. The Company partnered up with SK Energy Co. LTD to develop the highly prolific CPO 4 Block covering 345,452 acres which is situated along the productive western margin of the Llanos Basin in Colombia. Houston American now controls 25% of the CPO 4 Block which encompasses the same structure as the Corcel block where well rates of between 2,000 and 10,000 barrels of oil per day have recently been announced. SK Energy believes the CPO 4 Block has over 100 viable drilling locations with estimated recoverable reserves of 1-4 billion barrels. A 3-D seismic program is ongoing. In 2009 Houston American also inked a substantial farmout agreement with Shona Energy (Colombia) LTD. to earn a 12.5% interest in the Serrania Block, which is adjacent to the recent Ombu discovery which contains an estimated 1 billion barrels of oil in place. With the largest exploration budget in its history approved and funded Houston American enters 2010 with considerable momentum and we feel the stock will break out to new levels.
Hyperdynamics Corporation (NYSE Amex: HDY) $0.88 Sugar Land, Texas based Hyperdynamics Corporation engages in the exploration and production of oil and gas in West Africa. It holds certain contract rights for the exploration and exploitation of oil and gas in an approximately 80,000 square kilometer concession off the coast of the Republic of Guinea. The last several months have been very exciting for Hyperdynamics as they have partnered up with 2 very strong and capable companies. First Hyperdynamics signed a binding sale and purchase agreement (S&PA) with Aberdeen, Scotland, based Dana Petroleum PLC under which Dana has agreed to acquire a 23 percent participating interest in Hyperdynamics' oil and gas concession offshore the Republic of Guinea for $19.6 million. In addition Hyperdynamics has signed an agreement for exclusive dealing and letter of intent (the "LOI") with Spain's largest oil company Repsol YPF, S.A. (BMAD: REP and NYSE: REP) under which the two companies will negotiate the assignment to Repsol a 37 percent interest in Hyperdynamics' oil and gas concession offshore the Republic of Guinea for $31.5 million. Repsol also would be the operator of the Guinea project. Ray Leonard, Hyperdynamics President and Chief Executive Officer, said, "Dana Petroleum and Repsol bring significant experience to jointly explore our concession in Northwest Africa, as Repsol and Dana have successfully partnered in the past on exploration projects in Northwest Africa. "Assuming we reach definitive agreements with Repsol, Hyperdynamics will retain a 40 percent working interest in the Guinea concession and will be in a stronger financial position, with more than $51 million upon the entry into full legal effect of the production sharing contract clarification to fund our share of 3D seismic and drilling required during the exploratory period. We look forward to working with both companies to explore and develop this large, highly prospective offshore tract." If successful, we feel this company has potential to grow into a multibillion dollar company.
ICOP Digital, Inc. (Nasdaq: ICOP) $0.44 ICOP Digital, Inc. is a leading provider of mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors improve security, reduce losses, and mitigate risks through the capture, live streaming and secure management of high quality video and audio. ICOP has already penetrated law enforcement markets in 49 states, as well as key international markets, including Mexico and Saudi Arabia. ICOP Digital is currently the only approved vendor of in-car video equipment for the Kingdom of Saudi Arabia, contracted through their Ministry of Interior. We estimate the market in Saudi Arabia to be over 100,000 security vehicles and feel ICOP has great potential to capture this and other key markets in the Middle East. A few domestic clients include Alaska State Troopers, Wyoming State Troopers, Mobile Police Department in Alabama, and Hartford Police Department in Connecticut. ICOP's products have proven to be of the utmost caliber of quality in the industry, as Raytheon recently signed a 5 year agreement to sell ICOP products worldwide. We believe this to be a game changing event for the company and partnering up with Raytheon will open up significant markets to ICOP's array of products. Globally, security continues to be a major concern, and video is proving to be a key component in the growth of the security industry. We believe significant monies will be spent to modernize current systems, worldwide. Therefore, we believe 2010 will be a breakout year for ICOP.
InterOil Corporation (NYSE: IOC) $77.07 InterOil Corporation is developing a vertically integrated energy business whose primary focus is Papua New Guinea and the surrounding region. InterOil's assets consist of petroleum licenses covering about 4 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. In addition, InterOil is a shareholder in a joint venture established to construct an LNG plant on a site adjacent to InterOil's refinery in Port Moresby. Congratulations to all longs as 2009 has been a truly spectacular year for the company. With 2 world record breaking wells in Antelope we wonder what Phil will do for an encore in 2010. Although the stock price has moved significantly higher we still feel there are many short and long term catalysts that will propel InterOil to new levels. Some near term examples of the upside here are possible deals announced per China, India, Japan, etc., a possible oil find announcement, further news on the proposed condensate plant, and additional analyst coverage.
Manas Petroleum (OTC BB: MNAP) $0.55 Manas Petroleum is an international oil and gas company with primary focus on exploration and development in south-eastern Europe, Central Asia and South America. Since inception, Manas has acquired a spectacular portfolio of high impact exploration properties. In keeping with their philosophy of building a strong and enduring resource base, earlier in 2009 Manas added blocks 2 and 3 in Albania, blocks 13 and 14 in Mongolia and the Western blocks in Tajikistan, expanding their portfolio from 11 to 16 blocks in 5 countries; we now believe that Manas controls in excess of 4 Billion Barrels of Recoverable Oil. Every one of the Company’s giant projects are moving forward and maturing toward production. In Albania, Manas now controls six giant exploration blocks near Europe's largest onshore production. Independent reports from Gustavson (2008) assign (P50) of 3 billion barrels in block A, B, D and E (12.3 billion barrels of oil in place). Two of Manas' original four blocks are now drill-ready. In 2009 the council of ministers ratified the production-sharing contract on the two former Oxy blocks to DWM Petroleum, a subsidiary of Manas. These blocks are within the area where most of Bankers Petroleum's current shallow oil production derives from. Manas has the rights to explore the deeper targets in block two where Bankers is producing oil, and where in 2001 Occidental made a light oil discovery. In November Manas entered into a letter of intent to spin off a portion of its interest in its Albanian project to a TSX-V listed company WWI Resources ("WWI") which is controlled by one of the largest and most successful North American resource investors, Frank Giustra. We believe this is an excellent transaction for Manas as it will create significant shareholder value moving forward. The closing is expected to be completed during the first several weeks of the New Year. In Kyrgyzstan, Manas has signed a $54 million USD farm-out agreement with Santos LTD ADR, covering 1.2 billion barrels in place (Scott Pickford, 2005). Santos will continue to drill with Manas on their 6 shallow and deep well program in 2010. Manas' Development of its license in Tajikistan is now covered by an option farm-in agreement with Santos, where a seismic program is moving forward. In Mongolia Manas will expand their exploration with a seismic campaign to encompass approximately 20, 000 square kilometers. Additionally, to expose Manas to a much larger and more sophisticated audience, the Company is continuing to take the necessary steps to become listed on the TSX Venture stock exchange. Importantly, next year looks set to see a very significant acceleration of Manas Petroleum’s activities and surely this company has the greatest upside potential on our list.
Nutra Pharma Corporation (OTC BB: NPHC) $0.35 Nutra Pharma Corporation was founded in 2000 and is based in Plantation, Florida. The company, through its subsidiaries, operates as a biotechnology company specializing in the acquisition, licensing, and commercialization of pharmaceutical products and technologies for the management of neurological disorders, cancer, pain, autoimmune, and infectious diseases. Nutra Pharma's wholly-owned drug discovery subsidiary, ReceptoPharm, is developing proprietary therapeutic protein products primarily for the prevention and treatment of viral and neurological diseases, including Multiple Sclerosis (MS), Adrenomyeloneuropathy (AMN), and Human Immunodeficiency Virus (HIV), and pain in humans. Additionally, ReceptoPharm provides contract research services through its ISO class 5 and GMP certified facilities. The Company recently launched an Over-The-Counter (OTC) Treatment for Stage 2 (Moderate to Severe) Chronic Pain called Cobroxin. Cobroxin is the first OTC pain reliever clinically proven to treat Stage 2 (moderate to severe) chronic pain and is available as an oral spray for treating lower back pain, migraines, neck aches, shoulder pain, cramps and neuralgia and as a topical gel for treating repetitive stress, arthritis, and joint pain. Nutra Pharma also has formulated a higher dose pharmaceutical grade treatment for stage 3 (severe) pain called Nyloxin. Nyloxin Oral Spray is an oral formulation of diluted cobra venom prepared according to the requirements of the Homeopathic Pharmacopoeia of the United States (HPUS) and its supporting texts. What really drew us to this company is the exceptional management team lead by CEO Rik J Deitsch. With sales of Cobroxin ramping up, Nutra Pharma appears to be well on the way to becoming a major success. Undiscovered Equities is currently offering a complimentary trial subscription.
To view our newsletter on a complimentary trial basis and take advantage of our other services go to http://www.undiscoveredequities.com/ and join our email list on our home page.
Kevin McKnight 1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212 Boca Raton, FL 33432
http://www.undiscoveredequities.com/
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
http://www.undiscoveredequities.com/
As promised, we at Undiscovered Equities would like to take this opportunity to showcase our top 10 investment opportunities for 2010. Last year we urged our subscribers to ignore the nervousness of the times and take advantage of the opportunity that the period of forced liquidation created. As our results show, it proved to be, as Warren Buffett said, “one of the greatest buying opportunities of our lifetime.” Our advice to our subscribers this year is to remain patient, have a long term outlook and continue to invest in great businesses: ones that can make huge profits and grow dramatically even in today’s economic environment. Looking ahead we expect that the market for crude oil will continue to grow, especially as certain areas of the world such as India and China continue to modernize. We feel that oil prices will trade in a range between $66 and $90 per barrel. This year however we are avoiding domestic natural gas exploration plays as we believe gas prices will remain under pressure due to the recent robust shale finds and the challenging US economic environment. In the past we have focused primarily on the energy sector, but this year we have chosen to diversify as several extraordinary opportunities have captured our attention. We expect these 10 stocks to outperform in the New Year and as always it is important to keep some cash in reserves for extraordinary opportunities.
All of us at Undiscovered Equities hope you had a great holiday season and we wish you success and prosperity in the New Year!
Endeavour Financial (TSX: EDV) $1.77 Ironically, we were introduced to Endeavour through their interest in Manas Petroleum’s giant concessions in Albania. TSX Listed Endeavour Financial is an independent merchant banking company focused on the global natural resources sector. Endeavour offers advisory services in project, corporate and debt capital markets; equity financings; mergers and acquisitions; and strategic business development. Endeavour also has a gold-focused investment strategy and seeks maximum returns by identifying, investing in and consolidating junior gold mining companies as well as some oil and gas companies. Many resource investors know the Vancouver based financier Frank Giustra. Endeavour is Giustra’s most public investment vehicle and together they have been behind some of the biggest wins in the resource market this decade, including Wheaton River Gold, Northern Orion Resources and Urasia Energy. Endeavour’s track record has been impeccable, and we think they will continue to produce significant returns for their shareholders for years to come. We also feel that the continued weakness in the dollar will add to Endeavour’s success.
Environmental Infrastructure Holdings Corp. (OTC BB: EIHC) $0.26 Environmental Infrastructure Holdings (EIHC) is the parent company of various environmental manufacturing, engineering, and services companies. Currently, EIHC has two subsidiaries Equisol, LLC and Xiom Corp. as well as investments into various joint ventures and partnerships. Recognized in 2008 by INC Magazine as the 7th fastest growing private Environmental Services Company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Their team of top rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important. From consulting and design of equipment systems, to sales, installation and maintenance services, Equisol can address their customer's needs in many diverse applications. Equisol provides cost effective equipment strategies to allow users of water and producers of wastewater to achieve profitability while focusing on their core business activities. Through Equisol's association with world technology leaders, they are able to supply a broad spectrum of high quality products. Their staff, with over 300 years of engineering experience in equipment automation, uses these technologies to select the most effective solution for their customer's applications. Other recognition that Equisol has achieved include the Entrepreneur Hot 100 Fastest New Companies in 2004, INC5000 ranking of #621 for 2007, and 2009 Philadelphia 100 recognizing the fastest growing private companies in the region. Xiom Corp. is a technology business offering delivery of plastic powder coatings at on-site locations utilizing the XIOM 1000 System. Powder coating currently is a process in which metal parts are brought into a factory environment where they are cleaned and prepared to receive a powder coating. Plastic in powder form is then applied to the various metal parts by means of an electrostatic charge that causes the powder to adhere to the surface. The coated part is then heated in an oven for a period of time to cause the plastic to melt and adhere to the substrate. Although they use plastic powder, they do not electro-statically charge that powder in order for it to adhere to a substrate. Xiom uses a different mechanism which simultaneously applies and fuses the powder to a substrate. The advantage of this process is that the coating process is totally portable and can be applied anywhere, not necessarily in a factory setting, and can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory, using an oven. The CEO of the combined entities, Mr. Michael Parrish has extensive operational and general management experience; his focus is on financial performance and strategic alliances. Prior to running Equisol, Mr. Parrish held various executive positions in several General Electric Companies where he served in positions such as General Manager for global logistics and services for GE’s Water business, and, earlier, as Managing Director for GE Capital specializing in ecommerce, six sigma, and productivity of several of GE’s equipment management groups. Prior to GE, Mr. Parrish served for 14 years active duty in the U.S. Army where he held various leadership positions of increasing responsibility as an Army Aviator culminating as a member of the Army Acquisition Corps. Mr. Parrish has a Bachelor’s degree in Engineering from the U.S. Military Academy at West Point as well as a Masters degree in Astronautically Engineering from Stanford University and an MBA with honors from the Wharton School at the University of Pennsylvania. He is the current President of the West Point Society of Philadelphia and serves on the boards of the USO of SE PA/NJ and the Delaware Valley Industrial Resources Council. We think this company is extremely undervalued given the fact that the applications for Xiom's products are virtually endless. With the addition of Mike Parish and the Equisol team we believe revenues will grow dramatically in 2010.
Far East Energy Corporation (OTC BB: FEEC) $0.46 Houston, Texas based Far East Energy Corporation together with its subsidiaries, focuses on the exploration, development, production, and sale of coalbed methane gas (CBM) in the People's Republic of China. The company owns interests in three production sharing contracts, which cover the 485,000-acre Shouyang Block in Shanxi Province; the 573,000-acre Qinnan Block in Shanxi Province; and the Enhong and Laochang areas, which total 265,000 acres, in Yunnan Province. Far East Energy has formed an alliance related to its Qinnan Block with Arrow Energy International Pte Ltd (Arrow), the Singapore-based subsidiary of Arrow Energy Limited, a large Australian CBM producer. In addition Far East recently announced that gas production from the Shouyang Block in the Shouyang Block of Shanxi Province, China, has begun and is accelerating rapidly. The Shanxi project in full development has the potential to become one of the largest CBM projects in the world. In a country that desperately needs clean energy sources, Far East Energy has the potential to produce between 10 and 20 TFC of natural gas. It is also important to note that the price of natural gas in China has gone up over the last 3 years as opposed to the US where prices have plummeted. We have been following Far East for quite some time and now more than ever we are aggressive buyers.
Gran Tierra Energy Inc. (NYSE Amex: GTE, TSX: GTE) $5.74 Gran Tierra Energy, Inc. is an international oil and gas exploration and production company operating in South America. The Company currently holds interests in producing and prospective properties in Colombia, Argentina and Peru. The Company strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration drilling to grow future reserves. Current production from operations exceeds 13,000 BOPD net after royalty. The Company recently announced a capital spending program of $195 million in 2010 for exploration and production that includes the drilling of seven exploration wells in Colombia, four exploration wells in Peru and re-entry and side-tracking of a well in Argentina. The approved 2010 budget also includes funds for 2-D and 3-D seismic acquisition programs in Colombia, Peru, and Argentina and facility upgrades in Colombia and Argentina. Gran Tierra Energy had $151.6 million in cash at the end of Q3 2009 and has no debt. The 2010 work program and budget is expected to be funded from cash-flow from operations with the balance from cash on hand. This is a very strong well run company and we feel they will continue to drill economic wells as they enter next year with the largest exploration drilling program in the company's history.
Houston American Energy Corp. (Nasdaq: HUSA) $6.13 Houston American Energy Corp. is an oil and gas exploration and production company whose activities are focused on several concessions in the South American country of Colombia. Houston American continues to generate strong operating cash flow from their production base in Colombia with their interest in the Hupecol project which is currently producing over 850 net barrels of oil per day and growing. In 2009, Houston American recently added 2 extremely valuable assets to their portfolio of properties. The Company partnered up with SK Energy Co. LTD to develop the highly prolific CPO 4 Block covering 345,452 acres which is situated along the productive western margin of the Llanos Basin in Colombia. Houston American now controls 25% of the CPO 4 Block which encompasses the same structure as the Corcel block where well rates of between 2,000 and 10,000 barrels of oil per day have recently been announced. SK Energy believes the CPO 4 Block has over 100 viable drilling locations with estimated recoverable reserves of 1-4 billion barrels. A 3-D seismic program is ongoing. In 2009 Houston American also inked a substantial farmout agreement with Shona Energy (Colombia) LTD. to earn a 12.5% interest in the Serrania Block, which is adjacent to the recent Ombu discovery which contains an estimated 1 billion barrels of oil in place. With the largest exploration budget in its history approved and funded Houston American enters 2010 with considerable momentum and we feel the stock will break out to new levels.
Hyperdynamics Corporation (NYSE Amex: HDY) $0.88 Sugar Land, Texas based Hyperdynamics Corporation engages in the exploration and production of oil and gas in West Africa. It holds certain contract rights for the exploration and exploitation of oil and gas in an approximately 80,000 square kilometer concession off the coast of the Republic of Guinea. The last several months have been very exciting for Hyperdynamics as they have partnered up with 2 very strong and capable companies. First Hyperdynamics signed a binding sale and purchase agreement (S&PA) with Aberdeen, Scotland, based Dana Petroleum PLC under which Dana has agreed to acquire a 23 percent participating interest in Hyperdynamics' oil and gas concession offshore the Republic of Guinea for $19.6 million. In addition Hyperdynamics has signed an agreement for exclusive dealing and letter of intent (the "LOI") with Spain's largest oil company Repsol YPF, S.A. (BMAD: REP and NYSE: REP) under which the two companies will negotiate the assignment to Repsol a 37 percent interest in Hyperdynamics' oil and gas concession offshore the Republic of Guinea for $31.5 million. Repsol also would be the operator of the Guinea project. Ray Leonard, Hyperdynamics President and Chief Executive Officer, said, "Dana Petroleum and Repsol bring significant experience to jointly explore our concession in Northwest Africa, as Repsol and Dana have successfully partnered in the past on exploration projects in Northwest Africa. "Assuming we reach definitive agreements with Repsol, Hyperdynamics will retain a 40 percent working interest in the Guinea concession and will be in a stronger financial position, with more than $51 million upon the entry into full legal effect of the production sharing contract clarification to fund our share of 3D seismic and drilling required during the exploratory period. We look forward to working with both companies to explore and develop this large, highly prospective offshore tract." If successful, we feel this company has potential to grow into a multibillion dollar company.
ICOP Digital, Inc. (Nasdaq: ICOP) $0.44 ICOP Digital, Inc. is a leading provider of mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors improve security, reduce losses, and mitigate risks through the capture, live streaming and secure management of high quality video and audio. ICOP has already penetrated law enforcement markets in 49 states, as well as key international markets, including Mexico and Saudi Arabia. ICOP Digital is currently the only approved vendor of in-car video equipment for the Kingdom of Saudi Arabia, contracted through their Ministry of Interior. We estimate the market in Saudi Arabia to be over 100,000 security vehicles and feel ICOP has great potential to capture this and other key markets in the Middle East. A few domestic clients include Alaska State Troopers, Wyoming State Troopers, Mobile Police Department in Alabama, and Hartford Police Department in Connecticut. ICOP's products have proven to be of the utmost caliber of quality in the industry, as Raytheon recently signed a 5 year agreement to sell ICOP products worldwide. We believe this to be a game changing event for the company and partnering up with Raytheon will open up significant markets to ICOP's array of products. Globally, security continues to be a major concern, and video is proving to be a key component in the growth of the security industry. We believe significant monies will be spent to modernize current systems, worldwide. Therefore, we believe 2010 will be a breakout year for ICOP.
InterOil Corporation (NYSE: IOC) $77.07 InterOil Corporation is developing a vertically integrated energy business whose primary focus is Papua New Guinea and the surrounding region. InterOil's assets consist of petroleum licenses covering about 4 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. In addition, InterOil is a shareholder in a joint venture established to construct an LNG plant on a site adjacent to InterOil's refinery in Port Moresby. Congratulations to all longs as 2009 has been a truly spectacular year for the company. With 2 world record breaking wells in Antelope we wonder what Phil will do for an encore in 2010. Although the stock price has moved significantly higher we still feel there are many short and long term catalysts that will propel InterOil to new levels. Some near term examples of the upside here are possible deals announced per China, India, Japan, etc., a possible oil find announcement, further news on the proposed condensate plant, and additional analyst coverage.
Manas Petroleum (OTC BB: MNAP) $0.55 Manas Petroleum is an international oil and gas company with primary focus on exploration and development in south-eastern Europe, Central Asia and South America. Since inception, Manas has acquired a spectacular portfolio of high impact exploration properties. In keeping with their philosophy of building a strong and enduring resource base, earlier in 2009 Manas added blocks 2 and 3 in Albania, blocks 13 and 14 in Mongolia and the Western blocks in Tajikistan, expanding their portfolio from 11 to 16 blocks in 5 countries; we now believe that Manas controls in excess of 4 Billion Barrels of Recoverable Oil. Every one of the Company’s giant projects are moving forward and maturing toward production. In Albania, Manas now controls six giant exploration blocks near Europe's largest onshore production. Independent reports from Gustavson (2008) assign (P50) of 3 billion barrels in block A, B, D and E (12.3 billion barrels of oil in place). Two of Manas' original four blocks are now drill-ready. In 2009 the council of ministers ratified the production-sharing contract on the two former Oxy blocks to DWM Petroleum, a subsidiary of Manas. These blocks are within the area where most of Bankers Petroleum's current shallow oil production derives from. Manas has the rights to explore the deeper targets in block two where Bankers is producing oil, and where in 2001 Occidental made a light oil discovery. In November Manas entered into a letter of intent to spin off a portion of its interest in its Albanian project to a TSX-V listed company WWI Resources ("WWI") which is controlled by one of the largest and most successful North American resource investors, Frank Giustra. We believe this is an excellent transaction for Manas as it will create significant shareholder value moving forward. The closing is expected to be completed during the first several weeks of the New Year. In Kyrgyzstan, Manas has signed a $54 million USD farm-out agreement with Santos LTD ADR, covering 1.2 billion barrels in place (Scott Pickford, 2005). Santos will continue to drill with Manas on their 6 shallow and deep well program in 2010. Manas' Development of its license in Tajikistan is now covered by an option farm-in agreement with Santos, where a seismic program is moving forward. In Mongolia Manas will expand their exploration with a seismic campaign to encompass approximately 20, 000 square kilometers. Additionally, to expose Manas to a much larger and more sophisticated audience, the Company is continuing to take the necessary steps to become listed on the TSX Venture stock exchange. Importantly, next year looks set to see a very significant acceleration of Manas Petroleum’s activities and surely this company has the greatest upside potential on our list.
Nutra Pharma Corporation (OTC BB: NPHC) $0.35 Nutra Pharma Corporation was founded in 2000 and is based in Plantation, Florida. The company, through its subsidiaries, operates as a biotechnology company specializing in the acquisition, licensing, and commercialization of pharmaceutical products and technologies for the management of neurological disorders, cancer, pain, autoimmune, and infectious diseases. Nutra Pharma's wholly-owned drug discovery subsidiary, ReceptoPharm, is developing proprietary therapeutic protein products primarily for the prevention and treatment of viral and neurological diseases, including Multiple Sclerosis (MS), Adrenomyeloneuropathy (AMN), and Human Immunodeficiency Virus (HIV), and pain in humans. Additionally, ReceptoPharm provides contract research services through its ISO class 5 and GMP certified facilities. The Company recently launched an Over-The-Counter (OTC) Treatment for Stage 2 (Moderate to Severe) Chronic Pain called Cobroxin. Cobroxin is the first OTC pain reliever clinically proven to treat Stage 2 (moderate to severe) chronic pain and is available as an oral spray for treating lower back pain, migraines, neck aches, shoulder pain, cramps and neuralgia and as a topical gel for treating repetitive stress, arthritis, and joint pain. Nutra Pharma also has formulated a higher dose pharmaceutical grade treatment for stage 3 (severe) pain called Nyloxin. Nyloxin Oral Spray is an oral formulation of diluted cobra venom prepared according to the requirements of the Homeopathic Pharmacopoeia of the United States (HPUS) and its supporting texts. What really drew us to this company is the exceptional management team lead by CEO Rik J Deitsch. With sales of Cobroxin ramping up, Nutra Pharma appears to be well on the way to becoming a major success. Undiscovered Equities is currently offering a complimentary trial subscription.
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Kevin McKnight 1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real, Suite 212 Boca Raton, FL 33432
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Wednesday, November 17, 2010
HOUSTON AMERICAN ENERGY ANNOUNCES COMPLETION OF SALE OF KARNES COUNTY, TEXAS ASSETS
Sale Price Increased to Include Overriding Royalty Interest
Houston, Texas – November 17, 2010 -- Houston American Energy Corp. (NYSEAmex: HUSA) today announced that it has closed the previously announced sale to Plains Exploration & Production Company of oil and gas properties in the Eagle Ford oil and gas condensate windows in Karnes County, Texas.
As part of the transaction Houston American Energy agreed to sell all of its working and overriding royalty interest. The final purchase and sale price of the interests sold by Houston American was approximately $4.1 million gross, which amount is subject to customary post-closing adjustments and withholdings related to the transaction.
About Houston American Energy Corp.
Based in Houston, Texas, Houston American Energy Corp. is an independent energy company with interests in oil and natural gas wells and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on Colombia, Texas and Louisiana. Additional information can be accessed by reviewing our Form 10-Q and other periodic reports filed with the Securities and Exchange Commission which can be found on our website at www.houstonamericanenergy.com.
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Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Houston, Texas – November 17, 2010 -- Houston American Energy Corp. (NYSEAmex: HUSA) today announced that it has closed the previously announced sale to Plains Exploration & Production Company of oil and gas properties in the Eagle Ford oil and gas condensate windows in Karnes County, Texas.
As part of the transaction Houston American Energy agreed to sell all of its working and overriding royalty interest. The final purchase and sale price of the interests sold by Houston American was approximately $4.1 million gross, which amount is subject to customary post-closing adjustments and withholdings related to the transaction.
About Houston American Energy Corp.
Based in Houston, Texas, Houston American Energy Corp. is an independent energy company with interests in oil and natural gas wells and prospects. The company's business strategy includes a property mix of producing and non-producing assets with a focus on Colombia, Texas and Louisiana. Additional information can be accessed by reviewing our Form 10-Q and other periodic reports filed with the Securities and Exchange Commission which can be found on our website at www.houstonamericanenergy.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
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Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
CTi & Desmet Ballestra Expand Worldwide Exclusive Technology License & Distribution Arrangement and Announce Roll-Out of New Technology
LOS ANGELES, Nov. 17, 2010-- Cavitation Technologies, Inc. (CTi) (OTC Bulletin Board:CVAT.ob - News). CTi announced today that n.v. Desmet Ballestra Group s.a. (Desmet) and CTi have entered into a new global technology license, marketing and collaboration agreement with respect to CTi's proprietary Nano Reactor™ technology. The new agreement replaces the worldwide license and distribution agreement signed by the parties in January 2010 and substantially expands the license and authority that Desmet will have in marketing CTi's nano reactor technology in the field of vegetable oil treatment, processing and refining.
The new agreement follows months of testing and evaluating "pilot" nano reactor systems installed by CTi and Desmet at U.S. vegetable oil refining facilities. This program confirmed the potential value of CTi's Nano Neutralization™ process, a new commercial application of CTi's technology geared to certain vegetable oil refining processes.
According to Roman Gordon, CTi's CEO, "Data from our pilot program allowed us to measure the economic benefits Nano Neutralization can generate for oil refiners. Based on these results, we realized immediately the importance of expanding our relationship with Desmet in order to make our technology available to the vegetable oil refining industry on a worldwide basis. We believe that, as one of the world's leading engineering firms in the design and construction of processing and refining systems in the natural oils and fats industry, Desmet is uniquely positioned to assist CTi in developing and marketing our nano reactor technology in this area."
Under the new agreement, Desmet has been granted a worldwide exclusive license to design, install and integrate into vegetable oil refineries nano reactor systems that will deploy the Nano Neutralization™ process and other liquid processing solutions developed for the oils and fats industry. CTi and Desmet are currently in the process of rolling out a marketing program that will make the Nano Neutralization™ process available to vegetable oil refiners in the U.S., Europe and in South and America.
CTi is a technology research and development company engaged primarily in the development of environmentally clean Nano Reactor™ technologies and liquids processing applications and solutions in various fields and industries, including natural plant (vegetable) oil processing and refining; renewable fuels; petroleum refining and petrochemicals; water and wastewater treatment; and the food and beverage industries. For additional information please visit: www.ctinanotech.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
The new agreement follows months of testing and evaluating "pilot" nano reactor systems installed by CTi and Desmet at U.S. vegetable oil refining facilities. This program confirmed the potential value of CTi's Nano Neutralization™ process, a new commercial application of CTi's technology geared to certain vegetable oil refining processes.
According to Roman Gordon, CTi's CEO, "Data from our pilot program allowed us to measure the economic benefits Nano Neutralization can generate for oil refiners. Based on these results, we realized immediately the importance of expanding our relationship with Desmet in order to make our technology available to the vegetable oil refining industry on a worldwide basis. We believe that, as one of the world's leading engineering firms in the design and construction of processing and refining systems in the natural oils and fats industry, Desmet is uniquely positioned to assist CTi in developing and marketing our nano reactor technology in this area."
Under the new agreement, Desmet has been granted a worldwide exclusive license to design, install and integrate into vegetable oil refineries nano reactor systems that will deploy the Nano Neutralization™ process and other liquid processing solutions developed for the oils and fats industry. CTi and Desmet are currently in the process of rolling out a marketing program that will make the Nano Neutralization™ process available to vegetable oil refiners in the U.S., Europe and in South and America.
CTi is a technology research and development company engaged primarily in the development of environmentally clean Nano Reactor™ technologies and liquids processing applications and solutions in various fields and industries, including natural plant (vegetable) oil processing and refining; renewable fuels; petroleum refining and petrochemicals; water and wastewater treatment; and the food and beverage industries. For additional information please visit: www.ctinanotech.com.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Tuesday, November 16, 2010
CTi Receives 'CE' Marking Certificate Paving Way for Company's Expansion to EU
LOS ANGELES, Nov. 16, 2010 Cavitation Technologies, Inc. (CTi) (OTC Bulletin Board: CVAT; Frankfurt/Berlin/Stuttgart: WTC): CTi has received a Certificate and Declaration of Conformity of CE Marking from European based Barclay-Phelps, creating another important milestone for CTi and allowing the company to market its nano reactor in the European Union (EU). With the award of the prestigious "CE" marking, CTi's five different models of its NanoReactors(TM) comply with European Economic Area (EEA) requirements. The Certificate classifies the reactors within a European Directive that will allow CTi to bypass multiple local approvals in each EU member state, making it easier for CTi to access EU markets. The EU market has a spending power that has been reputed to be greater than that of the United States or Japan.
CTi and Desmet Ballestra Group S.A (www.desmetgroup.com) greeted the news with enthusiasm. On January 20, 2010, Desmet Ballestra, a European based conglomerate and worldwide leader in the design and delivery of advanced processing systems for vegetable (edible) oil extraction and refining facilities throughout the world, has entered into a worldwide licensing and distribution agreement with CTi. The Certificate is seen as yet another positive development that will accelerate the commercialization of CTi's NanoReactor(TM) technology in Europe and allow CTi and Desmet to make Nano Neutralization(TM) available to the vegetable oil refining industry on a worldwide basis.
CTi's Certificate notes that its five approved NanoReactors(TM) conform with test results confirmed by the U.S.-based laboratory's testing facility. F-Squared Laboratories, which conducted the tests, claims to have a management team with over 100 years of combined experience in EMC/Safety testing, RF, quality, design, and certifications. The Certificate was signed by CTi's CEO Roman Gordon on November 10th.
About CTi
CTi (OTCBB: CVAT; Frankfurt, Berlin & Stuttgart: WTC) is a technology research, development and technology company engaged primarily in the development of environmentally clean NanoReactor(TM) technologies and liquid process applications and solutions in various fields and industries, including vegetable oil processing and refining; renewable fuels; petroleum refining and petrochemicals; water and wastewater treatment; and the food and beverage industries.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
CTi and Desmet Ballestra Group S.A (www.desmetgroup.com) greeted the news with enthusiasm. On January 20, 2010, Desmet Ballestra, a European based conglomerate and worldwide leader in the design and delivery of advanced processing systems for vegetable (edible) oil extraction and refining facilities throughout the world, has entered into a worldwide licensing and distribution agreement with CTi. The Certificate is seen as yet another positive development that will accelerate the commercialization of CTi's NanoReactor(TM) technology in Europe and allow CTi and Desmet to make Nano Neutralization(TM) available to the vegetable oil refining industry on a worldwide basis.
CTi's Certificate notes that its five approved NanoReactors(TM) conform with test results confirmed by the U.S.-based laboratory's testing facility. F-Squared Laboratories, which conducted the tests, claims to have a management team with over 100 years of combined experience in EMC/Safety testing, RF, quality, design, and certifications. The Certificate was signed by CTi's CEO Roman Gordon on November 10th.
About CTi
CTi (OTCBB: CVAT; Frankfurt, Berlin & Stuttgart: WTC) is a technology research, development and technology company engaged primarily in the development of environmentally clean NanoReactor(TM) technologies and liquid process applications and solutions in various fields and industries, including vegetable oil processing and refining; renewable fuels; petroleum refining and petrochemicals; water and wastewater treatment; and the food and beverage industries.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Manas Operational Update
BAAR, SWITZERLAND, November 16, 2010.
Manas Petroleum Corp. (“Manas”) (OTCBB: MNAP) is pleased to report that it has filed on EDGAR and on SEDAR its quarterly report on Form 10-Q for the third quarter of 2010. The complete document can be viewed at either www.sedar.com or www.sec.gov.
Results of Operations
Net income for the nine month period ended September 30, 2010 was $65,530,401 as compared to a net loss of $18,792,985 for the comparable period ended September 30, 2009. This increase is basically attributable to three components. Firstly, Manas realized a gain from the sale of its subsidiary in Albania of $57,850,918. Secondly, the value of Manas investment in associate, i.e. Petromanas Energy Inc., increased during this reporting period by $13,635,118. Thirdly, Manas had a charge of $10,592,637 during the nine months period ended September 30, 2009 due to changes in the fair value of warrants. For the nine month period ended September 30, 2010, Manas reported a gain of $533,223 due to changes in the fair value of warrants.
Operating expenses for the nine month period ended September 30, 2010 decreased to $6,099,437 from $7,426,013 reported for the same period in 2009. This is a decrease of 18% or $1,326,576. This decrease is mainly attributable to lower personnel costs and lower administrative costs.
Liquidity and Capital Resources
The company’s cash balance as of September 30, 2010 was $3,318,465. Total current assets as of September 30, 2010 amounted to $3,986,616 and total current liabilities were $428,543 resulting in a net working capital of $3,558,073. In addition, of the 200,000,000 common shares of Petromanas Energy Inc. held by Manas, 25,000,000 were freely tradable as of September 30, 2010. On September 30, 2010, the market value of these freely tradable shares was $8,750,000.
Going Concern
The consolidated financial statements have been prepared on the assumption that we will continue as a going concern.
For the three and nine month periods ended September 30, 2010, Manas had net income of $9,618,213 and $65,530,401, respectively. The net income for the three months period ended September 30, 2010 was mainly attributable to an increase in the fair value of the company’s investment in Petromanas Energy Inc. which accounted for $10,700,583. For the nine months period ended September 30, 2010 net income was mainly attributable to the gain from sale of a subsidiary of $57,850,918 and the subsequent increase in fair value of this investment of $13,653,118.
Accumulated net loss since inception until September 30, 2010 was $218,475. Accumulated cash flows used in operating activities from inception until September 30, 2010 amounted to $30,706,027. The cash balance as of September 30, 2010 was $3,318,465. Total current assets as of September 30, 2010 amounted to $3,986,616 and total current liabilities were $428,543 resulting in a net working capital of $3,558,073.
Management has projected that Manas will need $8,280,000 to fund its projected operations over the next 12 months and that, between net working capital and its shares of Petromanas, it does not expect that it will need additional funding from external sources to cover its commitments until October 2011. However, in order to continue operations beyond October 2011 and execute on its strategy to develop its assets, Manas believes that it will require further funds.
Recent Developments
Albania
During the first nine months of 2010, Petromanas Energy Inc., in which Manas holds a 32.29% interest, continued its exploration activities in Albania:
The technical seismic acquisition of 105 km in block E in Albania was completed on November 10, 2010. This was to further determine the structural definition of the West Rova, Rova and Papri prospects and adds to around 1,300 km of existing seismic previously acquired by Albpetrol and Coparex and partially reprocessed by DWM Petroleum AG. The new seismic fulfils the minimum work commitment of the first exploration period of the production sharing contract for blocks D and E.
In addition Petromanas Energy has prepared a seismic program for blocks 2 and 3 in order to further determine the structural definition of the South Shpiragu 1, South Shpiragu 2 prospects and the Krasi lead.
The new seismic in blocks 2 and 3 will be tied to the existing Shpiragu well in order to allow a timedepth
correlation of the South Shpiragu prospects.
Kyrgyz Republic
The closed Joined Stock Company “South Petroleum Company”, in which Manas holds a 25% participating interest, continued its geological studies within its five license areas. During the third quarter 2010 technical interpretation work was focused on:
-DANK Tuzluk reprocessing and integration of 2010 seismic acquisition, and mapping in the Chkalovsk and North Auchi prospect areas
-Regional mapping of the Tajik acreage, with overlap into the Tuzluk permit area
The highlights of the activity in the Bishkek office during the third quarter 2010 include:
-No health and safety incidents
-Ongoing work on administration of SPC offices both in Bishkek and Jalalabat;
-Communication with Ministry of Geology and Governor of Batken oblast;
-Contracted DANK LLC for reprocessing of seismic data (Tuzluk and Soh permits);
-Digitizing old geological data: old drilling reports and seismic data;
-Integration of present geological and geophysical data;
-Drilling planning:
-Reviewing all previous services and supply contracts for conformity and use in the year 2011;
-Working through the supply routes: Kazakhstan, China to Kyrgyzstan, etc.;
-Customs clearance processes and procedures requirements;
-Reviewing and commenting on the new draft laws on Subsoil, Licensing, Somon Oil PSA, etc.;
-Reviewing tax legislation and applicability to SPC operations;
-Support in preparation of the draft PSA for Somon-Tajik;3
-Support in meetings held in Dushanbe on the PSA: translation of documents and meetings;
-General overview and analysis of the current political situation in the Kyrgyz Republic;
-Registered all SPC license agreements with the local Land Registrar offices. Precautious measure;
-Preparing letters and submittals to the Ministry of Geology for deferral of SPC work commitments for 2010 due to instability in the country;
-Commenced preparation of SPC’s annual report to the Ministry of Geology on all of SPC’s license areas
-Management of 2010 drilling suspension, chiefly related to cost control of in-country drilling management consultancies Tajikistan Somon Oil, in which Manas Petroleum holds a 90% interest, continued its activities during the third quarter 2010. These activities include:
Tajikistan
Somon Oil, in which Manas Petroleum holds a 90% interest, continued its activities during the third quarter 2010. These activities include:
-Safety: Zero lost time injuries
-Technical database compilation and integration ongoing.
-Draft Production Sharing Agreement finalized and forwarded to Tajik Government
-Meetings held with the Tajik Ministry of Energy and the Geology Agency.
-No seismic acquisition activity
-Processing of complete 468.6 km, 40% completed
-Processing project included reprocessing of ~120km 2007-2008 seismic into 2010 dataset in southern license area is ongoing.
-Interpretation and integration of new seismic into Mapping proceeding; completion of final mapping and prospect and lead definition scheduled for end October
-2011 Seismic Project discussions held with potential operators and survey specifications being discussed
-Chkalovsk technical description provided to Somon Oil for drilling.
-Project synthesis in Dushanbe
-Scouting of Proposed Drill Locations (Chkalovsk #1, North Auchi #1, Macatau #1)
-Drill well planning for Chkalovsk #1 (prop), North Auchi #1 (prop):
o Geological and Geophysical Prognosis
o Preliminary Engineering Well Design
o Preliminary Well Budget
Seismic data quality is generally good to excellent. Objectives relating to definition (to drill ready status) of the Chkalovsk and North Auchi prospects is likely to be met following final processing and mapping, on current indications.
Objectives relating to lead definition in the West Digmai area appear disappointing at this stage, however, the same part of the dataset is encouraging with respect to the Yangiabad - Maiti areas (additional prospectively). Lines additional to the initial program in the northwest license area are of very good quality (field data and initial stacks) and have been highly valuable in terms of the contribution to understanding of the technical issues and prospectively in the area.
Chile
Pursuant to an agreement dated January 29, 2010, we agreed to assign our interest in our Chilean project in exchange for a return of all of the operational costs that we have invested in this project to date and relief from all currently outstanding and future obligations in respect of the project. The transfer of our participation in this Chilean project to the new owners has been approved by the Chilean ministry and is now subject to approval by the new parties.
Mongolia
A team of geologists and geophysicists from the company’s Ulan Bator office has initiated the reinterpretation
of existing geological data and is planning an upcoming gravity survey. This is to further define the location of lines for the seismic campaign on blocks 13 and 14 which will consist of around 300 linear km. A plan for environmental protection and restoration to be approved by the Ministry of Environment is currently being prepared.
Data from total 451 existing wells drilled in Zuunbayan and Tsagaan Els oil fields area and in prospects were collected. All well data was translated from Russian and Mongolian into English for analysis by international experts.
On November 10, 2010, Manas announced the completion of the 2010 seismic acquisition program for block 13 and 14. The company intends to use the additional 300 km of 2D seismic data to improve its technical database and its chance of drilling a successful exploration well. After interpretation of the full dataset, it intends to decide whether it is ready to drill one or more exploration wells or acquire 3D seismic to define the drill prospects in better detail. Depending on this decision, Manas hopes to spud the first well in 2011.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm-out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for
others.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Manas Petroleum Corp. (“Manas”) (OTCBB: MNAP) is pleased to report that it has filed on EDGAR and on SEDAR its quarterly report on Form 10-Q for the third quarter of 2010. The complete document can be viewed at either www.sedar.com or www.sec.gov.
Results of Operations
Net income for the nine month period ended September 30, 2010 was $65,530,401 as compared to a net loss of $18,792,985 for the comparable period ended September 30, 2009. This increase is basically attributable to three components. Firstly, Manas realized a gain from the sale of its subsidiary in Albania of $57,850,918. Secondly, the value of Manas investment in associate, i.e. Petromanas Energy Inc., increased during this reporting period by $13,635,118. Thirdly, Manas had a charge of $10,592,637 during the nine months period ended September 30, 2009 due to changes in the fair value of warrants. For the nine month period ended September 30, 2010, Manas reported a gain of $533,223 due to changes in the fair value of warrants.
Operating expenses for the nine month period ended September 30, 2010 decreased to $6,099,437 from $7,426,013 reported for the same period in 2009. This is a decrease of 18% or $1,326,576. This decrease is mainly attributable to lower personnel costs and lower administrative costs.
Liquidity and Capital Resources
The company’s cash balance as of September 30, 2010 was $3,318,465. Total current assets as of September 30, 2010 amounted to $3,986,616 and total current liabilities were $428,543 resulting in a net working capital of $3,558,073. In addition, of the 200,000,000 common shares of Petromanas Energy Inc. held by Manas, 25,000,000 were freely tradable as of September 30, 2010. On September 30, 2010, the market value of these freely tradable shares was $8,750,000.
Going Concern
The consolidated financial statements have been prepared on the assumption that we will continue as a going concern.
For the three and nine month periods ended September 30, 2010, Manas had net income of $9,618,213 and $65,530,401, respectively. The net income for the three months period ended September 30, 2010 was mainly attributable to an increase in the fair value of the company’s investment in Petromanas Energy Inc. which accounted for $10,700,583. For the nine months period ended September 30, 2010 net income was mainly attributable to the gain from sale of a subsidiary of $57,850,918 and the subsequent increase in fair value of this investment of $13,653,118.
Accumulated net loss since inception until September 30, 2010 was $218,475. Accumulated cash flows used in operating activities from inception until September 30, 2010 amounted to $30,706,027. The cash balance as of September 30, 2010 was $3,318,465. Total current assets as of September 30, 2010 amounted to $3,986,616 and total current liabilities were $428,543 resulting in a net working capital of $3,558,073.
Management has projected that Manas will need $8,280,000 to fund its projected operations over the next 12 months and that, between net working capital and its shares of Petromanas, it does not expect that it will need additional funding from external sources to cover its commitments until October 2011. However, in order to continue operations beyond October 2011 and execute on its strategy to develop its assets, Manas believes that it will require further funds.
Recent Developments
Albania
During the first nine months of 2010, Petromanas Energy Inc., in which Manas holds a 32.29% interest, continued its exploration activities in Albania:
The technical seismic acquisition of 105 km in block E in Albania was completed on November 10, 2010. This was to further determine the structural definition of the West Rova, Rova and Papri prospects and adds to around 1,300 km of existing seismic previously acquired by Albpetrol and Coparex and partially reprocessed by DWM Petroleum AG. The new seismic fulfils the minimum work commitment of the first exploration period of the production sharing contract for blocks D and E.
In addition Petromanas Energy has prepared a seismic program for blocks 2 and 3 in order to further determine the structural definition of the South Shpiragu 1, South Shpiragu 2 prospects and the Krasi lead.
The new seismic in blocks 2 and 3 will be tied to the existing Shpiragu well in order to allow a timedepth
correlation of the South Shpiragu prospects.
Kyrgyz Republic
The closed Joined Stock Company “South Petroleum Company”, in which Manas holds a 25% participating interest, continued its geological studies within its five license areas. During the third quarter 2010 technical interpretation work was focused on:
-DANK Tuzluk reprocessing and integration of 2010 seismic acquisition, and mapping in the Chkalovsk and North Auchi prospect areas
-Regional mapping of the Tajik acreage, with overlap into the Tuzluk permit area
The highlights of the activity in the Bishkek office during the third quarter 2010 include:
-No health and safety incidents
-Ongoing work on administration of SPC offices both in Bishkek and Jalalabat;
-Communication with Ministry of Geology and Governor of Batken oblast;
-Contracted DANK LLC for reprocessing of seismic data (Tuzluk and Soh permits);
-Digitizing old geological data: old drilling reports and seismic data;
-Integration of present geological and geophysical data;
-Drilling planning:
-Reviewing all previous services and supply contracts for conformity and use in the year 2011;
-Working through the supply routes: Kazakhstan, China to Kyrgyzstan, etc.;
-Customs clearance processes and procedures requirements;
-Reviewing and commenting on the new draft laws on Subsoil, Licensing, Somon Oil PSA, etc.;
-Reviewing tax legislation and applicability to SPC operations;
-Support in preparation of the draft PSA for Somon-Tajik;3
-Support in meetings held in Dushanbe on the PSA: translation of documents and meetings;
-General overview and analysis of the current political situation in the Kyrgyz Republic;
-Registered all SPC license agreements with the local Land Registrar offices. Precautious measure;
-Preparing letters and submittals to the Ministry of Geology for deferral of SPC work commitments for 2010 due to instability in the country;
-Commenced preparation of SPC’s annual report to the Ministry of Geology on all of SPC’s license areas
-Management of 2010 drilling suspension, chiefly related to cost control of in-country drilling management consultancies Tajikistan Somon Oil, in which Manas Petroleum holds a 90% interest, continued its activities during the third quarter 2010. These activities include:
Tajikistan
Somon Oil, in which Manas Petroleum holds a 90% interest, continued its activities during the third quarter 2010. These activities include:
-Safety: Zero lost time injuries
-Technical database compilation and integration ongoing.
-Draft Production Sharing Agreement finalized and forwarded to Tajik Government
-Meetings held with the Tajik Ministry of Energy and the Geology Agency.
-No seismic acquisition activity
-Processing of complete 468.6 km, 40% completed
-Processing project included reprocessing of ~120km 2007-2008 seismic into 2010 dataset in southern license area is ongoing.
-Interpretation and integration of new seismic into Mapping proceeding; completion of final mapping and prospect and lead definition scheduled for end October
-2011 Seismic Project discussions held with potential operators and survey specifications being discussed
-Chkalovsk technical description provided to Somon Oil for drilling.
-Project synthesis in Dushanbe
-Scouting of Proposed Drill Locations (Chkalovsk #1, North Auchi #1, Macatau #1)
-Drill well planning for Chkalovsk #1 (prop), North Auchi #1 (prop):
o Geological and Geophysical Prognosis
o Preliminary Engineering Well Design
o Preliminary Well Budget
Seismic data quality is generally good to excellent. Objectives relating to definition (to drill ready status) of the Chkalovsk and North Auchi prospects is likely to be met following final processing and mapping, on current indications.
Objectives relating to lead definition in the West Digmai area appear disappointing at this stage, however, the same part of the dataset is encouraging with respect to the Yangiabad - Maiti areas (additional prospectively). Lines additional to the initial program in the northwest license area are of very good quality (field data and initial stacks) and have been highly valuable in terms of the contribution to understanding of the technical issues and prospectively in the area.
Chile
Pursuant to an agreement dated January 29, 2010, we agreed to assign our interest in our Chilean project in exchange for a return of all of the operational costs that we have invested in this project to date and relief from all currently outstanding and future obligations in respect of the project. The transfer of our participation in this Chilean project to the new owners has been approved by the Chilean ministry and is now subject to approval by the new parties.
Mongolia
A team of geologists and geophysicists from the company’s Ulan Bator office has initiated the reinterpretation
of existing geological data and is planning an upcoming gravity survey. This is to further define the location of lines for the seismic campaign on blocks 13 and 14 which will consist of around 300 linear km. A plan for environmental protection and restoration to be approved by the Ministry of Environment is currently being prepared.
Data from total 451 existing wells drilled in Zuunbayan and Tsagaan Els oil fields area and in prospects were collected. All well data was translated from Russian and Mongolian into English for analysis by international experts.
On November 10, 2010, Manas announced the completion of the 2010 seismic acquisition program for block 13 and 14. The company intends to use the additional 300 km of 2D seismic data to improve its technical database and its chance of drilling a successful exploration well. After interpretation of the full dataset, it intends to decide whether it is ready to drill one or more exploration wells or acquire 3D seismic to define the drill prospects in better detail. Depending on this decision, Manas hopes to spud the first well in 2011.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm-out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for
others.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Wednesday, November 10, 2010
Manas Petroleum Corp. announces the completion of seismic acquisition on block 13 & 14 in Mongolia
BAAR, SWITZERLAND, November 10, 2010
Manas Petroleum Corporation (OTCBB: MNAP) ("Manas") is pleased to announce that the seismic acquisition on blocks 13 & 14 has been completed without incident. The Chinese contractor DQE International Tamsag (Mongol) LLC acquired 300 km of 2D seismic, representing 100% of the total seismic program 2010 on blocks 13 & 14. Manas expects that the processing of the data will be completed by the end of December 2010.
Manas intends to use the additional 2D seismic data to improve its technical database and its chance of drilling a successful exploration well. After interpretation of the full dataset, Manas will decide whether it is ready to drill one or more exploration wells or that it needs to acquire 3D seismic to define the drilling prospects in better detail. Depending on this decision, Manas hopes to spud the first well in 2011.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South‐Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm‐out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly‐owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for others. Manas Petroleum is the largest shareholder of Petromanas. DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Manas Petroleum Corporation (OTCBB: MNAP) ("Manas") is pleased to announce that the seismic acquisition on blocks 13 & 14 has been completed without incident. The Chinese contractor DQE International Tamsag (Mongol) LLC acquired 300 km of 2D seismic, representing 100% of the total seismic program 2010 on blocks 13 & 14. Manas expects that the processing of the data will be completed by the end of December 2010.
Manas intends to use the additional 2D seismic data to improve its technical database and its chance of drilling a successful exploration well. After interpretation of the full dataset, Manas will decide whether it is ready to drill one or more exploration wells or that it needs to acquire 3D seismic to define the drilling prospects in better detail. Depending on this decision, Manas hopes to spud the first well in 2011.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South‐Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm‐out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly‐owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for others. Manas Petroleum is the largest shareholder of Petromanas. DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Monday, November 8, 2010
Olathe Police Department Chooses ICOP
LENEXA, KS--(11/08/10) - ICOP Digital, Inc., (NASDAQ:ICOP - News), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced that it has been awarded of an initial order for 16 ICOP units from the Olathe Police Department, through one of its key strategic channel partners. Olathe is the fourth largest city in the State of Kansas, located 20 miles southwest of Kansas City. The Olathe Fire Department is a long-standing customer of ICOP's.
ICOP was chosen after an extensive selection process, including a public bid, oral presentations, and a six-month trial period, during which the systems of the two vendor finalists were evaluated by the agency. The deployment includes the ICOP 20/20 VISION™ in the patrol vehicles. At the end of each shift, the officers will connect via Ethernet, to upload the recorded video to the Police Department server for storage, using ICOP's backend software. It is the intent of the agency to deploy the ICOP solution fleet-wide over the next couple of years, replacing their current in-car video systems.
"We are delighted to be of service to the Olathe Police Department, a prominent local community. It is an honor for us to be of service to both the Olathe Fire Department, and the Olathe Police Department," said Laura Owen, President and Chief Operating Officer at ICOP.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP - News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Homeland Security markets worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
ICOP was chosen after an extensive selection process, including a public bid, oral presentations, and a six-month trial period, during which the systems of the two vendor finalists were evaluated by the agency. The deployment includes the ICOP 20/20 VISION™ in the patrol vehicles. At the end of each shift, the officers will connect via Ethernet, to upload the recorded video to the Police Department server for storage, using ICOP's backend software. It is the intent of the agency to deploy the ICOP solution fleet-wide over the next couple of years, replacing their current in-car video systems.
"We are delighted to be of service to the Olathe Police Department, a prominent local community. It is an honor for us to be of service to both the Olathe Fire Department, and the Olathe Police Department," said Laura Owen, President and Chief Operating Officer at ICOP.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP - News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Homeland Security markets worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Manas Petroleum
BAAR, SWITZERLAND, November 8, 2010.
Manas Petroleum Corporation (OTCBB:MNAP) (“Manas” or the “Company”) is pleased to announce that Petromanas Energy Inc. (“Petromanas”) has completed the 2D seismic operations on Blocks D and E of its Albanian exploration project without incident. Manas, through its subsidiary DWM Petroleum AG as previously announced, owns approximately 32.36% of the issued and outstanding shares of Petromanas.
The 105 km of 2D seismic acquired on Blocks D and E fulfills the work commitments for the first exploration phase on those blocks. The interpretation of this new data and correlation with existing data should improve the quality of the existing prospect inventory and allow the Petromanas geoscience team to reduce the exploration risk and high grade its exploration prospects.
Petromanas continues as planned with its seismic operations on Blocks 2 and 3, which it anticipates will be completed by early 2011. All operating licences and permits have been received, surveying and drilling operations for seismic shots are underway. This program includes 140 km of 2D seismic survey and will provide valuable data near the Spiragu discovery which was drilled in 2001. The majority of the seismic work will be carried out with heliportable rigs and the remainder through conventional shallow drilling rigs.
In conjunction with the seismic work, Petromanas has announced that it is re‐evaluating the unrisked resource assessment which was prepared on December 15, 2009 by Gustavson Associates LLC based on the seismic, geology and limited well data that was available at the time. In the normal course of the current geophysical and geological (“G&G”) work, Petromanas intends to evaluate the risked resource potential which, as a result of incorporating risk assessments and new data, it expects will be lower than the un‐risked resource potential numbers presented in the 2009 Gustavson report.
Petromanas plans to conduct the G&G analysis through year end as the new seismic data becomes available. It anticipates that an updated independent resource evaluation report will be prepared early in 2011. It also intends to update resource estimates as it acquires new data from seismic programs and drilling operations.
Petromanas has also announced that the geological work conducted to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the
shallow and deep prospects. Once Petromanas has the necessary data, it has announced that it anticipates that some of the deep target plays will be farmed out to industry partners. Petromanas
remains on schedule for the planned completion of the seismic program leading to a drilling campaign in 2011.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South‐Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm‐out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly‐owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for others. Manas Petroleum is the largest shareholder of Petromanas. DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt. Recently, George Soros – a billionaire investor, Endeavour Mining Corp – with a merchant bank division, Peninsular Merchant Bank and Columbia Wanger Asset Management have all made big investments. Together they own about 25% of the company. Manas Petroleum, being the largest shareholder of Petromanas, currently holds 200,000,000 shares or 32.6% of the company.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Manas Petroleum Corporation (OTCBB:MNAP) (“Manas” or the “Company”) is pleased to announce that Petromanas Energy Inc. (“Petromanas”) has completed the 2D seismic operations on Blocks D and E of its Albanian exploration project without incident. Manas, through its subsidiary DWM Petroleum AG as previously announced, owns approximately 32.36% of the issued and outstanding shares of Petromanas.
The 105 km of 2D seismic acquired on Blocks D and E fulfills the work commitments for the first exploration phase on those blocks. The interpretation of this new data and correlation with existing data should improve the quality of the existing prospect inventory and allow the Petromanas geoscience team to reduce the exploration risk and high grade its exploration prospects.
Petromanas continues as planned with its seismic operations on Blocks 2 and 3, which it anticipates will be completed by early 2011. All operating licences and permits have been received, surveying and drilling operations for seismic shots are underway. This program includes 140 km of 2D seismic survey and will provide valuable data near the Spiragu discovery which was drilled in 2001. The majority of the seismic work will be carried out with heliportable rigs and the remainder through conventional shallow drilling rigs.
In conjunction with the seismic work, Petromanas has announced that it is re‐evaluating the unrisked resource assessment which was prepared on December 15, 2009 by Gustavson Associates LLC based on the seismic, geology and limited well data that was available at the time. In the normal course of the current geophysical and geological (“G&G”) work, Petromanas intends to evaluate the risked resource potential which, as a result of incorporating risk assessments and new data, it expects will be lower than the un‐risked resource potential numbers presented in the 2009 Gustavson report.
Petromanas plans to conduct the G&G analysis through year end as the new seismic data becomes available. It anticipates that an updated independent resource evaluation report will be prepared early in 2011. It also intends to update resource estimates as it acquires new data from seismic programs and drilling operations.
Petromanas has also announced that the geological work conducted to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the
shallow and deep prospects. Once Petromanas has the necessary data, it has announced that it anticipates that some of the deep target plays will be farmed out to industry partners. Petromanas
remains on schedule for the planned completion of the seismic program leading to a drilling campaign in 2011.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South‐Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm‐out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly‐owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for others. Manas Petroleum is the largest shareholder of Petromanas. DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt. Recently, George Soros – a billionaire investor, Endeavour Mining Corp – with a merchant bank division, Peninsular Merchant Bank and Columbia Wanger Asset Management have all made big investments. Together they own about 25% of the company. Manas Petroleum, being the largest shareholder of Petromanas, currently holds 200,000,000 shares or 32.6% of the company.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Friday, November 5, 2010
PETROMANAS ENERGY INC., MANAS PETROLEUM (MNAP.OB) BEING ITS LARGEST SHAREHOLDER, COMPLETES SEISMIC PROGRAMS IN BLOCK D-E ONSHORE ALBANIA
TIRANA, ALBANIA, Nov. 5 /CNW/ - Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) is pleased to announce the completion of 2D seismic operations on Blocks D and E onshore Albania incident free.
The 105 km of 2D seismic acquired on Block D and E fulfils the work commitments for the first exploration phase on those blocks. The interpretation of this new data and correlation with existing data will improve the quality of the existing prospect inventory and allow the geoscience team to reduce the exploration risk and high grade its exploration prospects.
Petromanas continues as planned with its seismic operations on Blocks 2 and 3. This seismic program is anticipated to be completed by early 2011. All operating licences and permits have been received, surveying and drilling operations for seismic shots are underway. This program includes 140 km of 2D seismic survey and will provide valuable data near the Spiragu discovery which was drilled in 2001. The majority of the seismic work will be carried out with heliportable rigs and the remainder through conventional shallow drilling rigs. In conjunction with the seismic work, the Company is re-evaluating the un-risked resource assessment which was prepared on December 15, 2009 by Gustavson Associates LLC based on the seismic, geology and limited well data which was available at the time. In the normal course of the current geophysical and geological ("G&G") work, the risked resource potential will be evaluated and, as a result of incorporating risk assessments and new data, will be lower than the un-risked resource potential numbers which were presented in the Gustavson report.
The G&G analysis will be underway through year end as the new seismic data becomes available. It is anticipated that an updated independent resource evaluation report will be prepared early in 2011. Further updates to resource estimates will be prepared as the Company acquires new data from seismic programs and drilling operations. The geological work conducted to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the shallow and deep prospects. Once Petromanas has the necessary data, it is anticipated that some of the deep target plays will be farmed out to industry partners. The Company remains on schedule for the planned completion of the seismic program leading to a drilling campaign in 2011.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt. Recently, George Soros – a billionaire investor, Endeavour Mining Corp – with a merchant bank division, Peninsular Merchant Bank and Columbia Wanger Asset Management have all made big investments. Together they own about 25% of the company. Manas Petroleum, being the largest shareholder of Petromanas, currently holds 200,000,000 shares or 32.6% of the company.
About Manas Petroleum Inc.
Manas Petroleum is the largest shareholder of Petromanas. DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
The 105 km of 2D seismic acquired on Block D and E fulfils the work commitments for the first exploration phase on those blocks. The interpretation of this new data and correlation with existing data will improve the quality of the existing prospect inventory and allow the geoscience team to reduce the exploration risk and high grade its exploration prospects.
Petromanas continues as planned with its seismic operations on Blocks 2 and 3. This seismic program is anticipated to be completed by early 2011. All operating licences and permits have been received, surveying and drilling operations for seismic shots are underway. This program includes 140 km of 2D seismic survey and will provide valuable data near the Spiragu discovery which was drilled in 2001. The majority of the seismic work will be carried out with heliportable rigs and the remainder through conventional shallow drilling rigs. In conjunction with the seismic work, the Company is re-evaluating the un-risked resource assessment which was prepared on December 15, 2009 by Gustavson Associates LLC based on the seismic, geology and limited well data which was available at the time. In the normal course of the current geophysical and geological ("G&G") work, the risked resource potential will be evaluated and, as a result of incorporating risk assessments and new data, will be lower than the un-risked resource potential numbers which were presented in the Gustavson report.
The G&G analysis will be underway through year end as the new seismic data becomes available. It is anticipated that an updated independent resource evaluation report will be prepared early in 2011. Further updates to resource estimates will be prepared as the Company acquires new data from seismic programs and drilling operations. The geological work conducted to date has further confirmed the significant potential of the Petromanas acreage and the exploration prospectivity of both the shallow and deep prospects. Once Petromanas has the necessary data, it is anticipated that some of the deep target plays will be farmed out to industry partners. The Company remains on schedule for the planned completion of the seismic program leading to a drilling campaign in 2011.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt. Recently, George Soros – a billionaire investor, Endeavour Mining Corp – with a merchant bank division, Peninsular Merchant Bank and Columbia Wanger Asset Management have all made big investments. Together they own about 25% of the company. Manas Petroleum, being the largest shareholder of Petromanas, currently holds 200,000,000 shares or 32.6% of the company.
About Manas Petroleum Inc.
Manas Petroleum is the largest shareholder of Petromanas. DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Thursday, November 4, 2010
ICOP Wins Durango, Colorado
LENEXA, KS--11/04/10 ICOP Digital, Inc. (NASDAQ:ICOP - News), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced the sale of 14 units to the Durango Police Department in Durango, Colorado. The purchase was funded using part of a $300,000 federal grant. Durango is the county seat and most populous city in La Plata County.
The agency will deploy the ICOP Model 20/20©-W system in all of their marked police cars. The agency will also use ICOP's new industry-leading wireless upload solution that was showcased at the Chiefs of Police (IACP) Conference in Orlando, Florida last week. ICOP's wireless upload of recorded video and audio files, provides a throughput up to 70 Mbps (actual), and the most secure WPA2-AES encryption, automatically resuming uploads at the exact point of any interruption in transmission.
According to a recent newscast by KOB Eyewitness News 4, in Durango, CO, Sergeant Geary Parsons stated that they had a lot of models to choose from during their search for an in-car video solution. "They're all different brands that we use in the Four Corners, but this one [ICOP] is top of the line when it comes to video cameras," said Parsons.
To see the story in its entirety and watch the associated video is located at the following link:
http://www.kob.com/article/stories/S1819955.shtml?cat=518
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP - News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Military, and Homeland Security markets worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
The agency will deploy the ICOP Model 20/20©-W system in all of their marked police cars. The agency will also use ICOP's new industry-leading wireless upload solution that was showcased at the Chiefs of Police (IACP) Conference in Orlando, Florida last week. ICOP's wireless upload of recorded video and audio files, provides a throughput up to 70 Mbps (actual), and the most secure WPA2-AES encryption, automatically resuming uploads at the exact point of any interruption in transmission.
According to a recent newscast by KOB Eyewitness News 4, in Durango, CO, Sergeant Geary Parsons stated that they had a lot of models to choose from during their search for an in-car video solution. "They're all different brands that we use in the Four Corners, but this one [ICOP] is top of the line when it comes to video cameras," said Parsons.
To see the story in its entirety and watch the associated video is located at the following link:
http://www.kob.com/article/stories/S1819955.shtml?cat=518
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP - News) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Military, and Homeland Security markets worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Wednesday, November 3, 2010
Listing on Frankfurt Stock Exchange for CTI
LOS ANGELES, Nov. 3, 2010 CTI (OTC Bulletin Board:CVAT.ob - News) proudly announces that its common shares are now also listed on the Frankfurt Stock Exchange under the ticket symbol WTC.
CTI's CEO Roman Gordon stated: "We hope to achieve another milestone with the listing on the Frankfurt Stock Exchange to help with our long term focus...this listing should help us gain visibility and support in the European market. The listing on the Frankfurt exchange will increase the profile of CTI with both private and institutional investors in Germany and across Europe. This opportunity to broaden our shareholder base comes at an excellent time for our company as we move into the next phase of our corporate initiative."
Mike Gorodnitsky, President of CTI added: "European investors have a strong interest for investing in 'Green-Tech' companies. Particularly our relationship with Desmet Ballestra (http://www.desmetgroup.com), a large conglomerate with its headquarters in Europe, specializing in the engineering and refining processes for edible and other oils will help expose and introduce our technology throughout the world."
Next to trading in the U.S., and the German exchanges in Berlin and Stuttgart, the Frankfurt Stock Exchange may help CTI build a better investor foundation to move forward. The Frankfurt Stock Exchange provides full-service trading capabilities, which include a trading floor as well as an electronic trading exchange, XETRA.
About the Frankfurt Stock Exchange
The Frankfurt Stock Exchange, known as the Frankfurter Wertpapierenboerse (FWB) is one of the world's largest trading centers for securities. Operated by the Deutsche Boerse AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche Boerse's products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche Boerse at: http://deutsche-boerse.com
About CTI:
CTI is a "Green-Tech" company, established in 2006. CTI designs and engineers NANO technology based skid systems that are designed to serve growing markets such as edible oil refining, renewable fuels, crude oil yield enhancement, water-fuel emulsions, water purification and algae oil extraction. R&D has led to products including the Green D+Plus NANO Neutralization System - a vegetable oil refining system, and the Bioforce 9000 NANO Reactor System which performs the transeseterification process during the production of biodiesel. Both the Green D+Plus System and the Bioforce 9000 NANO Reactor System employ our proprietary, continuous flow-through, hydrodynamic NANO Technology in the form of our multi-stage NANO Serier of reactors. The Green D+ Plus System is currently in commercial operation at Carolina Soya, LLC, a vegetable oil refining facility located in South Carolina. Paul E. Hankey Jr, General Manager of Carolina Soya recently stated: "The operation of the Green D+ Plus Nano Refining System has been straightforward and simple...and will continue to be a significant process improvement for our refinery." For additional information please visit: www.ctinanotech.com
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Disclaimer
CTI's CEO Roman Gordon stated: "We hope to achieve another milestone with the listing on the Frankfurt Stock Exchange to help with our long term focus...this listing should help us gain visibility and support in the European market. The listing on the Frankfurt exchange will increase the profile of CTI with both private and institutional investors in Germany and across Europe. This opportunity to broaden our shareholder base comes at an excellent time for our company as we move into the next phase of our corporate initiative."
Mike Gorodnitsky, President of CTI added: "European investors have a strong interest for investing in 'Green-Tech' companies. Particularly our relationship with Desmet Ballestra (http://www.desmetgroup.com), a large conglomerate with its headquarters in Europe, specializing in the engineering and refining processes for edible and other oils will help expose and introduce our technology throughout the world."
Next to trading in the U.S., and the German exchanges in Berlin and Stuttgart, the Frankfurt Stock Exchange may help CTI build a better investor foundation to move forward. The Frankfurt Stock Exchange provides full-service trading capabilities, which include a trading floor as well as an electronic trading exchange, XETRA.
About the Frankfurt Stock Exchange
The Frankfurt Stock Exchange, known as the Frankfurter Wertpapierenboerse (FWB) is one of the world's largest trading centers for securities. Operated by the Deutsche Boerse AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche Boerse's products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche Boerse at: http://deutsche-boerse.com
About CTI:
CTI is a "Green-Tech" company, established in 2006. CTI designs and engineers NANO technology based skid systems that are designed to serve growing markets such as edible oil refining, renewable fuels, crude oil yield enhancement, water-fuel emulsions, water purification and algae oil extraction. R&D has led to products including the Green D+Plus NANO Neutralization System - a vegetable oil refining system, and the Bioforce 9000 NANO Reactor System which performs the transeseterification process during the production of biodiesel. Both the Green D+Plus System and the Bioforce 9000 NANO Reactor System employ our proprietary, continuous flow-through, hydrodynamic NANO Technology in the form of our multi-stage NANO Serier of reactors. The Green D+ Plus System is currently in commercial operation at Carolina Soya, LLC, a vegetable oil refining facility located in South Carolina. Paul E. Hankey Jr, General Manager of Carolina Soya recently stated: "The operation of the Green D+ Plus Nano Refining System has been straightforward and simple...and will continue to be a significant process improvement for our refinery." For additional information please visit: www.ctinanotech.com
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Disclaimer
Manas Petroleum Corp. announces the completion of seismic acquisition on block 14 in Mongolia
BAAR, SWITZERLAND, November 3, 2010
Manas Petroleum Corporation (OTCBB: MNAP) ("Manas") is pleased to announce that the seismic acquisition on block 14 has been completed without incident. The Chinese contractor DQE International Tamsag (Mongol) LLC acquired 162.4 km of 2D seismic, representing 54.1% of the total seismic program on blocks 13 & 14. All equipment and crew have been moved to block 13, where seismic acquisition has commenced. Manas anticipates that the seismic survey will be completed by the end of November 2010.
Manas intends to use the additional 2D seismic data to improve its technical database and its chance of drilling a successful exploration well. After interpretation of the full dataset, Manas will decide whether it is ready to drill one or more exploration wells or that it needs to acquire 3D seismic to define the drill prospects in better detail. Depending on this decision, Manas hopes to spud the first well in 2011.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm-out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for others.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Manas Petroleum Corporation (OTCBB: MNAP) ("Manas") is pleased to announce that the seismic acquisition on block 14 has been completed without incident. The Chinese contractor DQE International Tamsag (Mongol) LLC acquired 162.4 km of 2D seismic, representing 54.1% of the total seismic program on blocks 13 & 14. All equipment and crew have been moved to block 13, where seismic acquisition has commenced. Manas anticipates that the seismic survey will be completed by the end of November 2010.
Manas intends to use the additional 2D seismic data to improve its technical database and its chance of drilling a successful exploration well. After interpretation of the full dataset, Manas will decide whether it is ready to drill one or more exploration wells or that it needs to acquire 3D seismic to define the drill prospects in better detail. Depending on this decision, Manas hopes to spud the first well in 2011.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyzstan, Manas has signed a US $54 million farm-out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyzstan project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for others.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Tuesday, November 2, 2010
Manas Petroleum Updates Corporate Website to Include Mongolian Operations
Click HERE to view Manas' detailed Mongolia Presentation which includes managements recent field trip photos of the seismic program.
Location and Basin Name
Mongolia is located on the Asian continent south of Russia and north and west of China (Figure 1). The capital of Mongolia is Ulaanbaatar, a city of approximately 1,000,000 people founded in 1639 and located in the north central part of the country, which has approximately 3,086,918 inhabitants. Ulaanbaatar is located 440 kilometers (270 miles) to the northwest of the Manas Blocks 13 --Tsagaan-Els and 14 - Zuunbayan. Mongolia is a vast country of mountains, lakes, deserts, and grasslands with a total area of 1,564,100 square kilometers (603,902 square miles). Blocks 13 and 14 are in the East Gobi Basin (Figure 1). The blocks are in the province of Dornogovi in the southeast of Mongolia.
Figure 1: Map of Mongolia Showing Manas Block Locations
Gross and net interest in the property
DWM Petroleum, a wholly-owned subsidiary of Manas Petroleum Corporation, has legal title to Blocks 13 and 14. Twenty-six percent of the beneficial title to these blocks is held in trust for others -- ten percent in favor of a Mongolian oil and gas company, subject to regulatory approval and negotiations, and eight percent for each of two investor groups. The blocks, which cover an aggregate of over 20,000 square kilometers (almost five million acres) of land, are located on Mongolia's southern border. The production contracts provide for a five-year exploration period (with two optional six month extensions) beginning on April 21, 2009, and a twenty-year exploitation period (with two five year extensions). The Mongolian government is entitled to 12.5% royalty interest.
Description of target zones
The primary prospective section is in the Valaginian lower cretaceous rocks of the East Gobi Basin. These rocks were formed in fluvial and lacustrine depositional environments. The Valaginian age Tsagaan Tsav formation is the main sandstone reservoir rock in the Tsagaan Els and Zuunbayan oil fields, which are located between Blocks XIII and XIV. Depth to top of Tsagaan Tsav is less than 750 meters (2,461 feet) in the Zuunbayan field area, and the Tsagaan Tsav unit is approximately 600 meters (1,970 feet) thick in the East Gobi Basin. The Hauterivian to Albian age Zuunbayan formation is approximately 970 meters (3,200 feet) thick and consists of sandstone with interbedded shales and occasional interbedded tuffs representing near shore lacustrine and fluvial depositional environments. The lower part of the overlying Zuunbayan formation contains additional possible sandstone reservoir rocks with the upper part forming a seal. The overlying Cenomanian age Sainshad or Baruunbayan formation forms a regional seal.
Distance to the nearest commercial production
Commercial production occurred from 1953 until 1969 in the Zuunbayan and Tsagaan-Els oil fields and resumed in 2007 by Sinopec. These fields are located in between Blocks XIII and XIV, in a producing block entirely surrounded by the two subject blocks (Figure 6). Each of the producing fields is approximately 20 kilometers from the boundary of the blocks (Figure 2). The range of pool or field sizes, based on the Zuunbayan and Tsagan-Els fields, would range from 63 to 942 hectares (154 to 2,328 acres). The analysis performed by Gustavson Associates (Resource Evaluation Report on Manas Petroleum Corporation's Concessions in Mongolia, September 1, 2010) indicates a likely range of individual field sizes, in terms of prospective resources, of 8.1 to 24.9 million barrels.
Figure 2 Map Showing Blocks and Producing Fields
Depth of the target zone
The main pay section is expected between 425 meters (1,394 feet) and 2,500 meters (8,203 feet) below the surface.
Analogs
The Zuunbayan, Southwest Zuunbayan, and Tsagaan Els oil fields are located between Block XIII and Block XIV in Block XCVII. The Zuunbayan oil field, with estimated original oil in place (OOIP) of 25.7 million barrels was discovered in 1941 based on surface oil seeps and a surface anticline. Discoveries on two nearby anticlines were also made in the Southwest Zuunbayan field, with an OOIP of 6.1 million barrels and the Tsagaan Els field, with an estimated OOIP of 118 million barrels (Sproule 1995, Evaluation of the Crude Oil Reserves of Nescor Energy Co. in the Zuunbayan Major, SW Zuunbayan, and Tsagaan Els Fields, Mongolia).
Figure 3 Tsagaan Els Oil Field Pay Map, Cross Sections, and Stratigraphic Column
The Tsagaan Els field was discovered in 1953 with development continuing until 1963. This field was evaluated but not produced at the time. There are multiple stacked pay horizons averaging 5 meters (16 feet) thick within both the Tsagaan Tsav Formation and lower Zuunbayan Formation. Field data include porosity of 13 to 18 percent, permeability of 0.1 to 16 millidarcies, high paraffin content, and sulfur content of less than 0.25 percent.
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Figure 4 Zuunbayan Oil Field Pay Map, Cross Sections, and Stratigraphic Column
The Zuunbayan oil field was discovered in 1941. A refinery was built in 1950 when production started. Produced oils from the Zuunbayan field are waxy and average 28° API with an API gravity range of 23° to 38° reported. The Zuunbayan field is located 750 meters (2,460 feet) above sea level near the community of Zuunbayan. The depth to the main reservoir is 475 meters (1,558 feet) below surface. Other field data includes sulphur content of 0.11 percent to 0.23 percent, gas oil ratio of 3 to 150 ft/bbl, permeability of 2 to 1,000 millidarcies, porosity of 12 to 16 percent, hydrocarbon saturation from 22 to 50 percent, areal closure from 6 to 8 square kilometers, and a recovery factor to date of 9 percent. Pay thickness averages 6 meters (20 feet) and there are multiple stacked pay horizons in both the Tsagaan Tsav Formation and the lower Zuunbayan Formation. In the primary phase of the field, 1941-1969, there were 200 wells that had a cumulative oil production of 3.85 to 4 million barrels of oil. Production ceased after a fire in 1969 at the refining and production facilities for the field. Political conditions recently have brought renewed interest in this area of Mongolia for oil exploration.
Since 2000, new work has occurred at the Zuunbayan field with the construction of an oil terminal, seismic acquisition, and exploratory drilling. New discoveries have been reported. Additional wells have also been drilled in the areas of the East Zuunbayan and Tsagaan-Els fields.
The Mesozoic basin trend that occurs in southeastern Mongolia continues into China. The Aershan field complex in the Erlian Basin of China has oil reserves of approximately 100 million barrels.
Prospects
Since August 1, 2008, Manas geologists supported by experts from the GII (Geophysical Institute of Israel) and University of Novosibirsk completed a Phase 1 field work program defining structural trends with potential petroleum accumulations. As of this writing, Manas has conducted a gravity analysis of the existing gravity data and has acquired additional gravity data to fill in gaps in the data on the east and west end of the block complex.
The company has completed the following work with the goal of acquiring new seismic data in the fourth calendar quarter of 2010:
Reconnaissance Surveys -- 9,000 sq km
Geological Mapping in 1:1000000 scale -- 2,365 sq km
Geological Mapping in 1:50000 scale -- 530 sq km
Gravity Profile survey -- 600 km
Geological- structural cross-sections -- 1,560 km
Lithological-stratigraphical cross-sections -- 1,400 meters
Paleontology-stratigraphical studies -- 100 km
Geosan LLC collected all of the available gravity studies in the area (Figure 5) and proceeded to process and interpret these data. Due to gaps in the data over large areas of Blocks 13 and 14, these areas had to be interpolated using the nearby data in order to complete the picture (Figure 6).
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Figure 5 Map Depicting Gravity Surveys
Figure 6 Interpreted Depth Structure Map
Since that April 2010 study, Manas commissioned the acquisition of an additional 4,000 km of gravity data over the blocks. The areas covered by this survey are shown in Figure 7 where 1,700 km of data was acquired over Block 13 and 2,300 km over Block 14.
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Figure 7 Preliminary Interpretation of the Newly Acquired Gravity Data
Seismic data
The existing 2D seismic data over the concession area totals approximately 681 kilometers (423 miles) and was shot by ROC Oil of Australia. (554 km in Block 13 and 127 km in Block 14). Manas does not plan to reprocess the existing data due to the good quality of the data, but does plan to acquire 186 miles (300 kilometers) of new data (150 km on Block 13 and 150 km on Block 14) using a Chinese data acquisition company known as DQE International, a subsidiary of CNPC Daqing Petroleum that has been in operation since the 1970's and has a total of 16 seismic crews, 76 drilling crews, 60 well logging crews and 10 cementing crews.
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Signing of the PSC
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Field work camp preparations for seismic work
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Seismic trucks
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Preparations for seismic work
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Mongolian team and Manas management
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Seismic trucks rolling out
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Disclaimer
Click HERE to view Manas' detailed Mongolia Presentation which includes managements recent field trip photos of the seismic program.
Location and Basin Name
Mongolia is located on the Asian continent south of Russia and north and west of China (Figure 1). The capital of Mongolia is Ulaanbaatar, a city of approximately 1,000,000 people founded in 1639 and located in the north central part of the country, which has approximately 3,086,918 inhabitants. Ulaanbaatar is located 440 kilometers (270 miles) to the northwest of the Manas Blocks 13 --Tsagaan-Els and 14 - Zuunbayan. Mongolia is a vast country of mountains, lakes, deserts, and grasslands with a total area of 1,564,100 square kilometers (603,902 square miles). Blocks 13 and 14 are in the East Gobi Basin (Figure 1). The blocks are in the province of Dornogovi in the southeast of Mongolia.
Figure 1: Map of Mongolia Showing Manas Block Locations
Gross and net interest in the property
DWM Petroleum, a wholly-owned subsidiary of Manas Petroleum Corporation, has legal title to Blocks 13 and 14. Twenty-six percent of the beneficial title to these blocks is held in trust for others -- ten percent in favor of a Mongolian oil and gas company, subject to regulatory approval and negotiations, and eight percent for each of two investor groups. The blocks, which cover an aggregate of over 20,000 square kilometers (almost five million acres) of land, are located on Mongolia's southern border. The production contracts provide for a five-year exploration period (with two optional six month extensions) beginning on April 21, 2009, and a twenty-year exploitation period (with two five year extensions). The Mongolian government is entitled to 12.5% royalty interest.
Description of target zones
The primary prospective section is in the Valaginian lower cretaceous rocks of the East Gobi Basin. These rocks were formed in fluvial and lacustrine depositional environments. The Valaginian age Tsagaan Tsav formation is the main sandstone reservoir rock in the Tsagaan Els and Zuunbayan oil fields, which are located between Blocks XIII and XIV. Depth to top of Tsagaan Tsav is less than 750 meters (2,461 feet) in the Zuunbayan field area, and the Tsagaan Tsav unit is approximately 600 meters (1,970 feet) thick in the East Gobi Basin. The Hauterivian to Albian age Zuunbayan formation is approximately 970 meters (3,200 feet) thick and consists of sandstone with interbedded shales and occasional interbedded tuffs representing near shore lacustrine and fluvial depositional environments. The lower part of the overlying Zuunbayan formation contains additional possible sandstone reservoir rocks with the upper part forming a seal. The overlying Cenomanian age Sainshad or Baruunbayan formation forms a regional seal.
Distance to the nearest commercial production
Commercial production occurred from 1953 until 1969 in the Zuunbayan and Tsagaan-Els oil fields and resumed in 2007 by Sinopec. These fields are located in between Blocks XIII and XIV, in a producing block entirely surrounded by the two subject blocks (Figure 6). Each of the producing fields is approximately 20 kilometers from the boundary of the blocks (Figure 2). The range of pool or field sizes, based on the Zuunbayan and Tsagan-Els fields, would range from 63 to 942 hectares (154 to 2,328 acres). The analysis performed by Gustavson Associates (Resource Evaluation Report on Manas Petroleum Corporation's Concessions in Mongolia, September 1, 2010) indicates a likely range of individual field sizes, in terms of prospective resources, of 8.1 to 24.9 million barrels.
Figure 2 Map Showing Blocks and Producing Fields
Depth of the target zone
The main pay section is expected between 425 meters (1,394 feet) and 2,500 meters (8,203 feet) below the surface.
Analogs
The Zuunbayan, Southwest Zuunbayan, and Tsagaan Els oil fields are located between Block XIII and Block XIV in Block XCVII. The Zuunbayan oil field, with estimated original oil in place (OOIP) of 25.7 million barrels was discovered in 1941 based on surface oil seeps and a surface anticline. Discoveries on two nearby anticlines were also made in the Southwest Zuunbayan field, with an OOIP of 6.1 million barrels and the Tsagaan Els field, with an estimated OOIP of 118 million barrels (Sproule 1995, Evaluation of the Crude Oil Reserves of Nescor Energy Co. in the Zuunbayan Major, SW Zuunbayan, and Tsagaan Els Fields, Mongolia).
Figure 3 Tsagaan Els Oil Field Pay Map, Cross Sections, and Stratigraphic Column
The Tsagaan Els field was discovered in 1953 with development continuing until 1963. This field was evaluated but not produced at the time. There are multiple stacked pay horizons averaging 5 meters (16 feet) thick within both the Tsagaan Tsav Formation and lower Zuunbayan Formation. Field data include porosity of 13 to 18 percent, permeability of 0.1 to 16 millidarcies, high paraffin content, and sulfur content of less than 0.25 percent.
.jpg)
Figure 4 Zuunbayan Oil Field Pay Map, Cross Sections, and Stratigraphic Column
The Zuunbayan oil field was discovered in 1941. A refinery was built in 1950 when production started. Produced oils from the Zuunbayan field are waxy and average 28° API with an API gravity range of 23° to 38° reported. The Zuunbayan field is located 750 meters (2,460 feet) above sea level near the community of Zuunbayan. The depth to the main reservoir is 475 meters (1,558 feet) below surface. Other field data includes sulphur content of 0.11 percent to 0.23 percent, gas oil ratio of 3 to 150 ft/bbl, permeability of 2 to 1,000 millidarcies, porosity of 12 to 16 percent, hydrocarbon saturation from 22 to 50 percent, areal closure from 6 to 8 square kilometers, and a recovery factor to date of 9 percent. Pay thickness averages 6 meters (20 feet) and there are multiple stacked pay horizons in both the Tsagaan Tsav Formation and the lower Zuunbayan Formation. In the primary phase of the field, 1941-1969, there were 200 wells that had a cumulative oil production of 3.85 to 4 million barrels of oil. Production ceased after a fire in 1969 at the refining and production facilities for the field. Political conditions recently have brought renewed interest in this area of Mongolia for oil exploration.
Since 2000, new work has occurred at the Zuunbayan field with the construction of an oil terminal, seismic acquisition, and exploratory drilling. New discoveries have been reported. Additional wells have also been drilled in the areas of the East Zuunbayan and Tsagaan-Els fields.
The Mesozoic basin trend that occurs in southeastern Mongolia continues into China. The Aershan field complex in the Erlian Basin of China has oil reserves of approximately 100 million barrels.
Prospects
Since August 1, 2008, Manas geologists supported by experts from the GII (Geophysical Institute of Israel) and University of Novosibirsk completed a Phase 1 field work program defining structural trends with potential petroleum accumulations. As of this writing, Manas has conducted a gravity analysis of the existing gravity data and has acquired additional gravity data to fill in gaps in the data on the east and west end of the block complex.
The company has completed the following work with the goal of acquiring new seismic data in the fourth calendar quarter of 2010:
Reconnaissance Surveys -- 9,000 sq km
Geological Mapping in 1:1000000 scale -- 2,365 sq km
Geological Mapping in 1:50000 scale -- 530 sq km
Gravity Profile survey -- 600 km
Geological- structural cross-sections -- 1,560 km
Lithological-stratigraphical cross-sections -- 1,400 meters
Paleontology-stratigraphical studies -- 100 km
Geosan LLC collected all of the available gravity studies in the area (Figure 5) and proceeded to process and interpret these data. Due to gaps in the data over large areas of Blocks 13 and 14, these areas had to be interpolated using the nearby data in order to complete the picture (Figure 6).
.jpg)
Figure 5 Map Depicting Gravity Surveys
Figure 6 Interpreted Depth Structure Map
Since that April 2010 study, Manas commissioned the acquisition of an additional 4,000 km of gravity data over the blocks. The areas covered by this survey are shown in Figure 7 where 1,700 km of data was acquired over Block 13 and 2,300 km over Block 14.
.jpg)
Figure 7 Preliminary Interpretation of the Newly Acquired Gravity Data
Seismic data
The existing 2D seismic data over the concession area totals approximately 681 kilometers (423 miles) and was shot by ROC Oil of Australia. (554 km in Block 13 and 127 km in Block 14). Manas does not plan to reprocess the existing data due to the good quality of the data, but does plan to acquire 186 miles (300 kilometers) of new data (150 km on Block 13 and 150 km on Block 14) using a Chinese data acquisition company known as DQE International, a subsidiary of CNPC Daqing Petroleum that has been in operation since the 1970's and has a total of 16 seismic crews, 76 drilling crews, 60 well logging crews and 10 cementing crews.
.jpg)
Signing of the PSC
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Field work camp preparations for seismic work
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Seismic trucks
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Preparations for seismic work
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Mongolian team and Manas management
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Seismic trucks rolling out
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Disclaimer
Industrial Nanotech, Inc. Achieves Current Information Designation on OTC Markets - Begins PCAOB Certified Financial Audit Process as Next Step of Tra
Industrial Nanotech, Inc. (Pink Sheets:INTK.pk), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company has achieved the Current Information Designation on OTC Markets.
This designation is granted to companies that comply with the International Reporting Standard or the Alternative Reporting Standard, making filings publicly available through the OTC Disclosure & News Service Pursuant to OTC Markets Guidelines for Providing Adequate Current Information.
“Our substantially increasing revenues will best enhance shareholder value if we transition to a more senior stock exchange,” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “Achieving the Current Information Designation on OTC Markets was the first step in a process the will include audited financials and additional company disclosure filings with the appropriate regulatory agencies. Our customer base is transitioning from 'early adopters' to established global corporations, including many of those on the Dow Jones Sustainability Index, and it is time for the Company to transition to a stock exchange that provides great ability for companies of substance to maximize shareholder value based on successful execution of effective business strategies.”
Industrial Nanotech, Inc. recently reported sales exceeding $2,200,000 US in the 3.5 month period from July 1, 2010 through October 14, 2010, an exponential increase in revenue from prior fiscal quarters.
Further information on Nansulate(R) coatings for sustainable manufacturing visit. www.nansulateindustrial.com
About Nansulate®
Nansulate® is the Company's patented product line of award winning, specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth, fire resistance, chemical resistance and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate® Product Line includes industrial, residential, agricultural and solar thermal insulation coatings. Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer, Search ‘Nansulate’ on Facebook.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council, the American Solar Energy Society, and an official ALLY organization with the U.S. Dept. of Energy "Save Energy Now" program. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Disclaimer:
Stocks profiled by Undiscovered Equities, Inc. are for informational and entertainment purposes only. Undiscovered Equities does reserve the right to advise readers and has a history of advising readers when it judges these company’s shares should be sold. While Undiscovered Equities does its own due diligence to attempt to ensure that any company recommended by it is likely to be a successful investment. It is important to note that Undiscovered Equities has been paid by Industrial Nanotech, Inc. for I/R services. The purpose of these profiles is to make investors aware of these companies and should not in any way come across as a recommendation to buy or sell in these securities. Investing in stocks involves risk. You should consult a qualified financial advisor or broker before making any investment decisions. Undiscovered Equities is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. Past performance of stocks profiled is not a guarantee as to future performance. The information contained herein should not be considered to be all-inclusive and is not guaranteed by Undiscovered Equities to be free from misstatements or errors. Undiscovered Equities’ directors, officers and employees may anticipate purchasing shares mentioned in this report or may already have purchased shares and may profit in the event those shares rise in value. Any recent increase in volume or increase in stock price may be due to Undiscovered Equities’ representatives buying. Undiscovered Equities may sell its shares at any time as well. At no time will any Undiscovered Equities employee or affiliate undertake any activity that could be regarded in any way as improper or illegal. We encourage our readers to review all public filings by companies at the SEC’s EDGAR page located at www.sec.gov. The NASD has published information on how to invest carefully at www.nasd.com.
This designation is granted to companies that comply with the International Reporting Standard or the Alternative Reporting Standard, making filings publicly available through the OTC Disclosure & News Service Pursuant to OTC Markets Guidelines for Providing Adequate Current Information.
“Our substantially increasing revenues will best enhance shareholder value if we transition to a more senior stock exchange,” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “Achieving the Current Information Designation on OTC Markets was the first step in a process the will include audited financials and additional company disclosure filings with the appropriate regulatory agencies. Our customer base is transitioning from 'early adopters' to established global corporations, including many of those on the Dow Jones Sustainability Index, and it is time for the Company to transition to a stock exchange that provides great ability for companies of substance to maximize shareholder value based on successful execution of effective business strategies.”
Industrial Nanotech, Inc. recently reported sales exceeding $2,200,000 US in the 3.5 month period from July 1, 2010 through October 14, 2010, an exponential increase in revenue from prior fiscal quarters.
Further information on Nansulate(R) coatings for sustainable manufacturing visit. www.nansulateindustrial.com
About Nansulate®
Nansulate® is the Company's patented product line of award winning, specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth, fire resistance, chemical resistance and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate® Product Line includes industrial, residential, agricultural and solar thermal insulation coatings. Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer, Search ‘Nansulate’ on Facebook.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council, the American Solar Energy Society, and an official ALLY organization with the U.S. Dept. of Energy "Save Energy Now" program. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
Disclaimer:
Stocks profiled by Undiscovered Equities, Inc. are for informational and entertainment purposes only. Undiscovered Equities does reserve the right to advise readers and has a history of advising readers when it judges these company’s shares should be sold. While Undiscovered Equities does its own due diligence to attempt to ensure that any company recommended by it is likely to be a successful investment. It is important to note that Undiscovered Equities has been paid by Industrial Nanotech, Inc. for I/R services. The purpose of these profiles is to make investors aware of these companies and should not in any way come across as a recommendation to buy or sell in these securities. Investing in stocks involves risk. You should consult a qualified financial advisor or broker before making any investment decisions. Undiscovered Equities is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. Past performance of stocks profiled is not a guarantee as to future performance. The information contained herein should not be considered to be all-inclusive and is not guaranteed by Undiscovered Equities to be free from misstatements or errors. Undiscovered Equities’ directors, officers and employees may anticipate purchasing shares mentioned in this report or may already have purchased shares and may profit in the event those shares rise in value. Any recent increase in volume or increase in stock price may be due to Undiscovered Equities’ representatives buying. Undiscovered Equities may sell its shares at any time as well. At no time will any Undiscovered Equities employee or affiliate undertake any activity that could be regarded in any way as improper or illegal. We encourage our readers to review all public filings by companies at the SEC’s EDGAR page located at www.sec.gov. The NASD has published information on how to invest carefully at www.nasd.com.
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