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St0ck Market Opportunities
- From: "Dominick Pendleton" <AkinsUYwul at 9W dot com>
- To: <docbook-tools-discuss at sources dot redhat dot com>
- Date: Tue, 01 Nov 2005 20:59:58 -0600
- Subject: St0ck Market Opportunities
- Reply-to: "Dominick Pendleton" <AkinsOUymem at noF dot com>
KOKO PETROLEUM (KKPT) - THIS STOCK IS UNDISCOVERED ST0CK GEM
Current Price: 1.85
Watch out the st0ck go crazy on Friday morning
KOKO Petroleum Inc. is a growth company that is focused on the exploration and development
of prolific oil and gas properties in the south eastern United States. Through a recently
announced agreement with Armen Energy LLC, KOKO Petroleum has acquired an option for a 45%
working interest in an oil and gas prospect located in Corsicana, Texas. With this
agreement, KOKO Petroleum leverages over 50 years of experience in the exploration and
development of mineral, oil and gas properties.
KOKO Petroleum's management plan to pursue compelling projects, or assets, through an
extensive network of contacts and relationships within the oil & gas industry, by
identifying attractive exploration projects that can be jointly developed with partners who
possess similar expertise.
H0T NEWS released MUST READ ACT N0W
Oct. 26, 2005--KOKO Petroleum, Inc. (KKPT - News) announced today that it has taken a
minority participation working interest in the Boyd No. 1 well in the Barnett Shale play,
north of Fort Worth, Texas. This well is the first in a planned program to exploit oil and
gas reserves from leasehold interests held in the Barnett Shale play located in Cooke, Wise
and Montague Counties, Texas.
The Barnett Shale is the largest natural gas play in Texas. It is presently producing 900
MMCF of gas per day and is considered one of the largest U.S. domestic natural gas plays
with sizable, remaining resource potential. The first Barnett Shale wells were drilled and
completed in the early 1980s by Mitchell Energy of Houston, Texas. According to an in-depth
2004 sector report on the Barnett Shale, developed by Morgan Stanley, the Barnett Shale
play is estimated to hold reserves in the non-core area that could be as high as 150 BCF
per 1,000 acres. The report estimated that because of the amount of gas available in the
area, successful wells in the Barnett Shale should be economically viable in almost any gas
price environment. There are 75 rigs currently operating in the area.
Under the terms of the participation agreement with Rife Energy Operating, Inc. (the
program's operator), KOKO Petroleum has acquired a minority working interest (approx. 10%)
in the drilling and completion of one well (Boyd No. 1) that has already been drilled to an
approximate depth of 8,800 feet. This well is now in the completion stage and is expected
to go on-line in approximately 45 days. The total cost for drilling and completion of the
McCoy No. 2 well is anticipated to be approximately $1.4 mi||i0n.
"Petroleum and natural gas production in the Barnett Shale play has been increasing
steadily year after year. This is by far one of the most active and prolific gas fields in
America right now and as such is garnering a lot of attention all the way from the oil
patch to Wall Street. The gr0up that we have joined in this Barnett Shale drilling program
is affiliated with one of the major stakeholders in the area with scores of wells already
in production. We are very confident in their proven ability to locate the best drilling
sites in the area and to efficiently tap the vast gas resources held in Barnett Shale. This
project is one of several next steps in KOKO Petroleum's ongoing program to build a diverse
portfolio of promising oil and gas properties and prospects. We plan to continue pursuing
other promising prospects that should help us build a diverse portfolio with long-term
value for our shareholders," says Mr. Ted Kozub, Chief Executive Officer of KOKO Petroleum,
Inc.
Conclusion:
The Examples Above Show The Awesome, Earning Potential of Little Known Companies That
Explode Onto Investor's Radar Screens; Many of You Are Already Familiar with This. Is KKPT
Poised and Positioned to Do that For You? Then You May Feel the Time Has Come to Act... And
Please Watch this One Trade Friday! Go KKPT.
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