Alamo Energy (ALME) is a BUY
11 February 2010; market open (The previous issue was broadcast on 2/5/10)
Precision Exploration-Stock Buying: Alamo Energy Corp. (ALME): $0.90 X $0.90 I am announcing an immediate buy-signal on Alamo Energy Corporation (ALME) at the current $0.90 per share range. Headquartered in Houston, Texas – Alamo Energy now controls nearly 100,000 acres (approx. 150 square miles) of key petroleum leases in the renowned Wessex Petroleum Province, UK, which is a direct extension of the North Sea – home to numerous Super-Fields such as the 4 billion barrel Forties oilfield discovered by BP and now operated by Apache. At Alamo’s dominant 90% stake, the company’s 4 license blocks have already been estimated to contain a combined prospective resource of approximately 236 million barrels of oil in-place. This pending discovery-size immediately elevates Alamo’s prospective petroleum holdings to among the highest potential areas for oil and gas within the entire United Kingdom. In addition to its discovery potential in the UK – Alamo Energy has already announced steady petroleum production at its onshore Lozano Lease located in Frio County, Texas, USA. This Western Gulf producing asset is located just 6 miles from the neighboring Bigfoot Oilfield – which was discovered by Royal Dutch Shell and has around 300 wells and historic production of more than 29 million barrels. Alamo’s Lozano Lease provides important production and cash flow, and the project is within the vicinity of some of the biggest oil-finds in the Texas Western Gulf region. As just one example – and demonstrating the abundant untapped reserves in the area – the giant Yates Field has produced over 1.4 billion barrels and is expected to produce another 1 billion barrels during its lifespan. We will be reporting on Alamo’s production figures from its Lozano Lease as soon as they are released. I am announcing an immediate buy-signal on shares of Alamo Energy Corporation. The most recent ALME price was approximately $0.90 per share. Utilize a strict buy-ceiling of $0.95 per share and do not chase above $1. There is no protective sell-stop in place on this trade. This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. Information is obtained from sources believed to be reliable, but the information cannot be guaranteed as to its accuracy or completeness. The author is not, and does not purport to be, a registered investment adviser and does not accept compensation from publicly traded companies in return for his commentary. The objective of this newsletter is to present Situational Analysis and to provide progressive implementation of the author’s proprietary Situational Strategy Templates. No statement or expression of opinion, or any other matter herein, directly or indirectly, shall be construed as an offer to sell or the solicitation of an offer to buy the securities mentioned. Readers should not view this publication as offering personalized investment advice, and must individually determine the suitability of investments discussed for inclusion in their own portfolio. Past performance does not guarantee future results. Reprints or redistribution of this copyrighted material is allowed only by written permission from Nat-Con Publishing. To opt-out from receiving future publications, please click here. |
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