Choice Resources - grotesk unterbewertet - 500 Beiträge pro Seite

[Statistix]

1400 boe/d Gas aus Kanada für knapp 90M Can$. Geradezu lächerlich wenn man sich ansieht, was Firmen aktuell "wert" sind die in den USA arbeiten. Sehr gute "land position" wie Bulldog. Leider früher ein Management, daß immer sehr viel mehr verspach als gehlaten werden konnte. Aktuell wird ein Loch in Pincher Creek gebort mit after payout WI von 52%. Der Partner erwartet 10mmcfgd bis 35mmcfgd. Selbst komplett ohne dieses Well ist die Company unterbewertet.

Seht Euch mal das aus dem Iradessoreport an:

Junior Companies Enterprise Value per boe/d Production ($/boe/d)
-------------------------------------------------------------------------
Grand Banks Energy 31,710
-------------------------------------------------------------------------
Dynamic Oil & Gas 37,795
-------------------------------------------------------------------------
GEOCAN Energy 38,424
-------------------------------------------------------------------------
Rival Energy 39,462
-------------------------------------------------------------------------
Choice Resources 41,314

......

Bulldog Energy 84,057

......

Rock Energy 167,495
-------------------------------------------------------------------------
ProEx Energy 172,980
-------------------------------------------------------------------------
Duvernay Oil 193,910
-------------------------------------------------------------------------
Cyries Energy 218,009


weit weit weit unter Schnitt! Alles klar ? Ordern über Pinkies in den USA.

[Statistix]

Sehr schönes Land zum Bohren. Auf Produktionsbasis soagr noch unterm dem eigenen EV/BOE/D Basis gekauft!

Choice Announces Acquisition of Exploration and Producing Properties
Wednesday September 21, 4:06 pm ET

CALGARY, ALBERTA--(CCNMatthews - Sept. 21, 2005) - Choice Resources Corp. (TSX VENTURE:CZE - News) is pleased to announce the acquisition of an interest in 100 sections of prospective land in the Snipe Lake and Wallace areas of Alberta.

The acquisition which closed on September 16, 2005 covers P&NG rights in 67,040 gross acres and 11,447 net acres. This acreage purchase complements Choice`s existing land holdings in these areas. Included in the purchase is an interest in two producing gas wells and one producing oil well as well as interests in two shut-in gas wells. The purchase price of $1,995,000 includes net production of approximately 50 boe/d.

Choice considers these areas to be prime exploration acreage and this acquisition enables Choice to participate with a higher working interest in the 6 to 8 multi-zone prospective wells it expects to drill this winter.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements

[Statistix]

Alles in den niedrigen Can$0,90 sind meiner Meinung nach Kaufkurse.

[Statistix]

Also noch mal ganz langsam. Wenn die gegenwärtigen NG Regionen gehalten werden ist dieses Ding selbst ohne das neue Well in 12 Monaten ein Verdoppler. Wenn es mit guter Produktion online kommt 100% innerhalb von drei Monaten. Zumindest meine unbedeutende Meinung.

[Statistix]

Um es nochmal zu verdeutlichen nicht nur ich sehe das so. Auch das Management hat zu aktuellen Kursregionen gekauft:

Choice Resources (Choice Resources Corp.) As of September 17th, 2005
Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price
Sep 09/05 Sep 08/05 Harris, Gordon D. 10 - Acquisition in the public market Common Shares 10,000 $0.820
Aug 29/05 Aug 22/05 ELLIGSON, William Henry 10 - Acquisition in the public market Common Shares 9,500 $0.850
Aug 25/05 Feb 23/04 ELLIGSON, William Henry 00 - Opening Balance-Initial SEDI Report Common Shares
Aug 25/05 Oct 29/04 ELLIGSON, William Henry 50 - Grant of options Options 100,000 $0.610
Aug 25/05 Feb 23/04 ELLIGSON, William Henry 00 - Opening Balance-Initial SEDI Report Options
Jul 21/05 Jul 20/05 Austin, Stephen 10 - Acquisition in the public market Common Shares 20,000 $0.800
Jul 21/05 Jul 12/05 Harris, Gordon D. 10 - Acquisition in the public market Common Shares 20,000 $0.750


Zudem wird man sich nicht Optionen mit Ausübungskurs $0,84 genehmigen von denen man ausgeht, daß sie wertlos sind. "Zufälligerweise" genau dann wenn man mit dem neuen Well zu bohren anfängt.

Press Release Source: Choice Resources Corp.

Choice Announces Grant of Stock Options and Appointments
Wednesday September 7, 6:54 pm ET

CALGARY, ALBERTA--(CCNMatthews - Sept. 7, 2005) - Choice Resources Corp. (TSX VENTURE:CZE - News; the "Corporation") announces the grant, subject to regulatory approval, of incentive stock options for 1,240,000 common shares to directors, officers, employees and consultants of the Corporation. The options are exercisable at a price of $0.84 per share, have an expiry date of September 7, 2010 and vest 25% upon regulatory approval and 12-1/2% every quarter thereafter. This issue represents approximately 2.15% of the Corporation`s current issued and outstanding shares.


Ich habe FPPC gekauft, als ich gesehen habe, daß das Management bei 1,20 kauft und kauft und kauft. Genauso werde ichs hier halten. Ich denke es wird sich wieder lohnen.

Aktuell unter Can$0,90. Montag wird weitergekauft.

[Gulliver]

@stat - unseren deutschen j.r.,

kompliment - guter fund!

wie ist denn der track-record des neuen managements?

welche explorationsaktivitäten sind für die nächsten 16 monate vorgesehen und steht dafür bohrgerät zur verfügung?

denke ein grossteil der unterbewertung ist auf die pinkies zurückzuführen. da kauft keiner gerne - ich inklusive.

habe leider momentan kein geld frei - aber werde sie gut im auge behalten

schönes wochenende
gulliver

[Statistix]

Hi Gulliver. Tja naja es ist ja kein Pinkie. Ist ein TSX.V Wert. Wer dort nicht handeln kann, sollte über die Pinkies kaufen... so meinte ich das... Nein nein die Leute veröffentlichen brav ihre Zahlen. Für die anderen: TSX.V ist das Venture Segment der TSX (Toronto Stock Exchange). Man kanns grob mit OTC Werten vergleichen. Allerdings haben TSX.V Werte meist höhere Anforderungen...
Bohrgerät für Pincher Creek haben sie unter Vertrag. Am Besten Du siehst Dir zu den Projekten mal die Homepage www.choiceresources.ca -> Projekte an. Da kannst Du auch Informationen über das Management am einfachsten erhalten.
Außerdem den Bericht zu Q1, das steht in den MD&A genau wo was für wieviel gebohrt wird .
Übrigens ich habe immer nur alles auf fully diluted Basis angegeben. In Wirklichkeit ein großer Teil noch Warrants. Knapp 17 Millionen, die einen Strike Price von $1 haben!

[Statistix]

Noch eines dann gebe ich bis zu den Bohrergebnissen Ruhe. Die vertikale Sektion ist schon vorbei und man bohrt gerade horizontal.

Press Release Source: Choice Resources Corp.

Choice Resources Provides Operational Update on Pincher Creek Drilling
Monday September 19, 8:02 am ET

CALGARY, ALBERTA--(CCNMatthews - Sept. 19, 2005) - Choice Resources Corp. (TSX VENTURE:CZE - News) is pleased to announce that the 1-5-3-28 w4m Pincher Creek well reached its total measured depth of 3,755 meters with intermediate casing now run and cemented in place without incident. The casing penetrated the Fernie Shales and is cemented into the impervious cap rock of the Mount Head. The Fernie Shales are a platy, over-pressured interval prone to collapse and was considered to be a zone of concern in the drilling operation. With this shale interval safely cemented behind casing, Choice will begin the underbalanced horizontal drill segment of the well in the porous gas-bearing intervals of the Rundle group.

ADVERTISEMENT
click here
To date, the drilling operation has progressed well. The operation is approximately 10 days ahead of schedule. Horizontal drilling will take place as part of the next phase and Choice will be drilling with natural gas that will be recovered as all returns will be processed at the Pincher Creek Gas Plant. More information will be released once the technical information is analyzed. Choice Resources, Running Fox Resource Corp. and Blue Parrot Energy have a 52.5%, 15%, and 2.5% respective interest after payout of the well capital. Steven Schurman, CEO of Running Fox comments: "Running Fox is quite pleased with the progress of the drilling operations to date".

...

[Statistix]

Was man so hört, dürfte es noch 3-4 Wochen dauern bis das Well fertig ist. Danach kommt die Testphase. Sehr positiv ist, daß in diesem Fall beim underbalanced drilling nicht so viel drilling mud die Poren verstopft. Zudem wird beim Bohren produziert und nicht das Gas abgefackelt. Das ist möglich, da es ein Downspacing Well ist und die Pipeline ja nur 50m weg ist. Natural Gas wird diesen Winter $20 in den USA sehen und dann wird dieses Ding mit einem erfolgreichen Well explodieren. NG is the place to be.

[Statistix]

Im übrigen der Vollständigkeit halber hier die Info zu Pincher Creek von einem unserer Partner. Ist das informativste was es dazu gibt, denke ich.

[Statistix]

link vergessen sagt mir das doch. www.foxgold.ca/media/PincherCreek.pdf

[HappyInvestor]

Wem gehören nun diese Röhren ... gleiches Bild auf der Homepage von zwei verschieden Firmen ?????

http://www.americanenergyproduction.com/ = American Energy Produktion Inc.
oder
http://www.choiceresources.ca/index.asp = Choice Resources Corp.

Wenn ich die Bilder auf einer Webseite anschaue, dann nehme ich an, dass diese in irgend einem Zusammenhang mit der vorgestellten Firma stehen sollten ...

American Energy Produktion Inc. & Choice Resources Corp. sind nichts für mich ... warum?? Vielleicht gehören Text und Bilanzen auch zu einer anderen Firma oder sind frei erfunden ...

Schönes WE + viel Erfolg
HI

[HappyInvestor]

Ups, habe das Bild vergessen. Hier ist es:

[Statistix]

Happyinvestor. Wenn Du wüßtest wie das mit Homepages und Werbung so läuft. . Man nimmt halt Stockfotos von großen Agenturen statt selbst welche zu machen. Von daher kommt es eigentlich recht häufig vor, daß mehrere Firmen diesselben Fotos verwenden. Leg mal 10 Deutsche Geschäftsberichte der selben Branche nebeneinander. Ist also von vornherein bei ner Titelseite sehr unwahrscheinlich, daß das von irgendwo von den Feldern von Choice kommt.
Zu Deinen Erfundenen Bilanzen kann ich mich vor Lachen ja kaum noch halten . Frag das mal den Wirtschaftsprüfer, der wird dir was husten! Oder frag mal das Management, das dort nicht den ersten Junior aufpeppelt.
Die Website von Choice ist wahrscheinlich älter von daher solltest Du mal die Kopisten von AMEP fragen. AMEP ist übrigens ganz vorsichtig ausgedrückt in keiner Weise attraktiv bewertet, weder auf Reservenbasis, EV/Flowing BOE (wow gleich ca. 100 boe/d), Cash Flow, Drillingprogramm, Netback etc. Man könnte frech sagen AMEP ist nach einmaligem kurzen drübersehen eine ganz erbärmliche Pusherbude, deren Geschäftstätigkeit im Drucken neuer Shares besteht.

[Statistix]

Ah eines noch, die Pipes gehören ganz sicher nicht AMEP. Wenn man sich deren Produktion ansieht, dann sieht man, daß die auf absehbare Zeit (übertrieben) durch einen Cocktailstrohhalm durchpaßt und nichtmal eine der Pipes brauchen würde.
Zu meiner Reaktion:
So einen völlig unbegründeten Betrugsvorwurf finde ich übrigens . Entweder ist das naiv, ein Witz oder Absicht. Nix für ungut. Will mal annehmen, daß es ein Witz war.

Schönes WE
Gruß Stat

[Statistix]

Hier ein Auszug einer BM an einen Buddy, der mir XMP Macropore ans Herz gelegt hat. Finde ich auch interessant und sollte man sich auch mal ansehen.

Hier der Text v.a. wg. Quest:

Was Choice angeht... Eine Menge hängt an dem Well und den darauf folgenden Möglichkeiten. Kommt das gut rein sehe ich nix anderes als 100% bis Weihnachten. Vielleicht bin ich da Optimist. Selbst als Pessimist sehe ich 50% in diesem Fall. Eigentlich sogar ohne das müßte die Co viel höher stehen. FPP produziert ca. 250 boe/d und Choice aktuell 1300 boe/d. MKAP FPP 70M CHOICE 65M. Und Choice produziert nahezu 100% der Commoditiy dieses Winters NG! Choice hat auch höhrere P1 Reserven. Ganz klare Sache. Allerdings werden Can Juniors irgendwie noch anders bewertet scheint mir, daß wird sich irgendwann mal ändern und dann ist Choice ganz vorne mit dabei, selbst ohne Well. Ansonsten gehts mit nem Duster wohl erstmal durch Enttäuschung ein Stück runter.
Warum trotz allem auch bei Erfolg wahrscheinlich keine Bewegung (meiner Meinung nach irrationale) wie FPP?

Der Hauptinvestor, der ein Bridgefinancing per Equity im Januar gemacht hat verkauft ein paar Shares. Daher wird eine solche sofort verkauft. Allerdings wird Choice auf den höheren NAV gehen und da bin ich mir recht sicher. Habe heute wieder gekauft.

[Statistix]

Quest verkauft weiter. Logisch. ABER CEO und CFO kaufen weiter

Oct 03/05 Sep 28/05 Quest Capital Corp. 10 - Disposition in the public market Common Shares -351,000 $0.850
Sep 29/05 Sep 28/05 Austin, Stephen 10 - Acquisition in the public market Common Shares 10,000 $0.890
Sep 29/05 Sep 23/05 Harris, Gordon D. 10 - Acquisition in the public market Common Shares 10,000 $0.890
Sep 28/05 Sep 27/05 Quest Capital Corp. 10 - Disposition in the public market Common Shares -32,000 $0.860
Sep 28/05 Sep 27/05 Quest Capital Corp. 10 - Disposition in the public market Common Shares -20,000 $0.850
Sep 28/05 Sep 27/05 Quest Capital Corp. 10 - Disposition in the public market Common Shares -49,500 $0.840
Sep 28/05 Sep 27/05 Quest Capital Corp. 10 - Disposition in the public market Common Shares -38,000 $0.830
Sep 28/05 Sep 27/05 Quest Capital Corp. 10 - Disposition in the public market Common Shares -45,000 $0.820
Sep 28/05 Sep 27/05 Quest Capital Corp. 10 - Disposition in the public market Common Shares -315,500 $0.810
Sep 28/05 Sep 22/05 Quest Capital Corp. 10 - Disposition in the public market Common Shares -39,000 $0.950

[Statistix]

52 Week High. V.a. seht Euch mal an wie sich der Rest der Branche heute ausgekotzt hat. CHK, UPL etc.

[Statistix]

Blutbad für Energy heute. War auch zu erwarten, eigentlich. Soagr die Topseröse CHK in die das Management gerade ABERMILLIONEN mit Insiderkäufen gesteckt hat ist fast 10% down. Und was macht das Baby hier? Schließt bei 0,99 ct.

[Statistix]

Oct 05/05 Oct 04/05 Austin, Stephen 50 - Grant of options Common Shares 100,000 $0.820
Oct 05/05 Sep 28/05 Austin, Stephen 10 - Acquisition in the public market Common Shares 10,000 $0.890
Oct 05/05 Oct 03/05 LUBEY, PETER ALBERT 50 - Grant of options Options 100,000 $0.840

Alles klar, da wurde wieder nachgelegt. Da die underbalanced bohren sehen die beim Bohren shcon Ergebnisse. Die gefallen denen wohl...

[Statistix]

zwischendurch 1,14. Ziel bleiben 100% also 1,80. Wenn hoffentlich das Well gut reinkommt.

[Statistix]

Press Release Source: Choice Resources Corp.

Choice Announces Operations Update on Pincher Creek Development Well
Tuesday October 11, 4:37 pm ET

CALGARY, ALBERTA--(CCNMatthews - Oct. 11, 2005) - Choice Resources Corp. (TSX VENTURE:CZE - News; "Choice") is pleased to announce that drilling of the previously discussed horizontal well at Pincher Creek is proceeding according to plan. The well is currently drilling ahead in the horizontal section and it is expected to take 7 to 10 days to complete.

ADVERTISEMENT
The well has been cased below the base of the Fernie Shale and is currently being horizontally drilled underbalanced in the Livingstone formation with natural gas. The production from the well is being conserved and processed through a closed system into Choice`s plant and as a result flaring is minimized. Rates and pressures are managed with various injection rates of gas and liquid to maintain control of the well. It is premature to predict the final well capability at this time and more information will be released as data becomes available.

Choice has a capital interest in this well of 19% with a 30% working interest before payout of the well costs and a 52.5% after payout of the well capital. Choice will also receive a 10% gross over-riding royalty on 45% of production before payout reverting to the described working interest after payout.

The Pincher Creek area is a focus area for both exploitation and exploration. Further drilling, seismic and re-completion work will be done in conjunction with partner discussions upon completion of the current well.

Gordon D. Harris

President and CEO

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

[Statistix]

Oct 12/05 Oct 05/05 Sinclair, Alistair Murray 50 - Grant of options Options 250,000 $0.840
Oct 12/05 Aug 09/05 Sinclair, Alistair Murray 00 - Opening Balance-Initial SEDI Report Options

Jaja man sichert sich so seine Optionen. Ob man das für ein paar Cent macht? Eigentlich hätte ich ja nach dem Verkauf ein Quest Filing erwartet, oder sind die schon fertig? Wie auch immer wenn das Ding unter $1 fällt kann man nachlegen. Noch 7-10 Tage bis fertig gedrillt ist, dann nochmal ne Woche und wir sollten Flow Rates bekommen denke ich.

[Statistix]

Das sind wieder Kaufkurse. Lecker.

[Statistix]

Business/Financial Editors:

Choice Resources Corp. - Webcast from SEPAC Oil and Gas Investment Symposium - October 22, 2004
CALGARY, Oct. 20 /CNW/ - Notification of Choice Resources Corp. Webcast:

Please note that the live presentation took place on October 19, 2004.
The webcast will be available on October 22nd at 6:00 pm ET.

Choice Resources Corp. (TSX-V: CZE)
Webcast from SEPAC Oil and Gas Investment Symposium
October 19, 2004, 4:00 PM ET

To listen to this event, please enter
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=9292… in
your web browser.

For a complete listing of upcoming and archived webcasts available
through Canada NewsWire, please visit our events calendar at
http://www.newswire.ca/en/webcast/index.cgi.. CNW`s webcast of earnings calls
is consistent with Market Regulation Services Inc. (RS) initiatives to broaden
investor access through the use of new technology.

For further information: Stephen Austin, Choice Resources Corp., Phone:
[phone]

[Statistix]

verdammt. sorry bin da einer Ente auf einem anderen Board aufegesessen. Ist ja für 2004!
Sorry

[Statistix]

So heute kann nochmal nachgelangt werden. Ich denke nächste Woche sollten dann News zu dem Well kommen. Auch an anderer Front kommt Choice wie geplant voran. Ich bleibe gespannt .

[Statistix]

und runter 7 ct. Sieht nach nem Shakeout aus. Waren auch ne Menge schwacher Investoren drin. Andererseits muss man genau beobachten, was die an dem Well nun machen. Es gibt da schon Warnzeichen. Selbst dann. Choice ist auch komplett ohne dieses Well massiv unterbewertet. Geduld Geduld, eine Kunst die zu verlieren gehen scheint. Dabei ist Ende November ein echt absehbarer Zeitraum. Man sollte auch bedenken, dass das Management zu aktuellen Kursen abosult gar nichts von den gezogenen Optionen zu $1 hat. Nicht dass da Teile noch verfallen.

Choice Announces Operations Update on Pincher Creek Development Well
Tuesday October 25, 12:49 pm ET

CALGARY, ALBERTA--(CCNMatthews - Oct. 25, 2005) - Choice Resources Corp. (TSX VENTURE:CZE - News; "Choice") as operator is pleased to announce that drilling of the previously discussed horizontal well at Pincher Creek has been completed. The well was drilled approximately 600 meters horizontally and is currently being completed for flow testing after encountering commercial quantities of natural gas. The well was flowing while drilling but any comments on the sustained deliverability of the well are premature at this time due to changing bottom hole conditions while drilling.

ADVERTISEMENT
The next phase of the operation involves setting a packer and production tubing, then producing the well for clean up operations. Following this clean up operation the well will likely be selectively acidized, as would be common in limestone reservoirs. The well will then be flowed for several days followed by a pressure build to determine long-term deliverability and reserves.

The testing of the well will be through the Choice flow-line already on site and it is expected that more information will be available by the end of November. All production from the test phase, as was done in the drilling phase will be conserved and sold.

Choice has a capital interest in this well of 19% with a 30% working interest before payout of the well costs and 52.5% after payout of the well capital. Choice will also receive a 10% gross over-riding royalty on 45% of production before payout reverting to the described working interest after payout. Other parties in the well are Blue Parrot Energy Inc. (BPA- TSXV) with a 5% working interest before payout, Running Fox Resource Corp. (RUN - TSXV) with a 30% working interest before payout and two private corporations with a combined 46% initial interest.

The Pincher Creek area is a focus area for both exploitation and exploration. Further drilling, seismic and re-completion work will be done in conjunction with partner discussions upon completion of the current well.

Gordon D. Harris

President and CEO

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

[Art Bechstein]

[posting]18.439.235 von Statistix am 25.10.05 20:20:27[/posting]Hai Stat,

heute hat endlich mein GTC-Limit bei 0.9$ gegriffen und ich bin mit dabei. Diese Bohrung/Quelle scheint ja recht kompliziert zu sein. Habe ich das richtig verstanden, dass die teils horizontal bohren. Es scheint also ein paar Probleme geben mit dem Durchbohren einer Schicht. Wie schätzt Du das denn im Hinblick auf das Potential der Quelle ein?

Art

[Statistix]

Hi Art. Also alles in allem würde ich die Lage so beurteilen. Zum Pincher Creek Well:
Von den technischen Daten her würde ich ganz klar sagen, daß wir uns wohl nun am unteren Ende der Spanne bewegen werden. Das resultiert daraus, daß wohl nicht die gesamte horizontale Section auf produzierendes Gestein gestoßen ist. Immerhin muß dass insoweit signifikant gewesen sein, daß sie es in der News verpackt haben. Wie viel das von den 600m horizontal ist? Keine Ahnung. Auch weiß man nicht ob es sich nicht um einen "Bohrfehler" handelt und man den Winkel hätte anders ansetzten müssen. Auf jeden Fall ist das Loch wohl "economic". Für CZE wohl mehr als das, weil den großteil der Kosten die anderen tragen. Hier gilt abwarten und beobachten. RUN.V die praktisch nur aus diesem Well bestehen sind heute 10% hoch und CZE 10% runter, also das ist schon mehr als merkwürdig!!!! (oder wie?)
Insgesamt hat CZE keine Geschichte in Workovers und Stims zu investieren die sich nicht auszahlen. Also werden die wohl was gefunden haben, was sich lohnt wenn sie nun weiter machen. Limestone Reservoire sind ein schwieriges Geschäft und hier und da auch Glückssache. Siehe TMY! Von daher weiß man nicht genau was bei der Säurebehandlung rauskommt.

Allgemein:

Bei 0,90 haben wir ungefähr die August-Kurse zurück. Also die Company so als wenn sie das Well nie gebohrt hätte. Nehmen wir einfach mal an (was ich bei weitem nicht glaube) es sei nur gerade so economic und daher ist alles wirklich so wie im August. Jetzt sage ich gemessen am CF-Multiple etc. etc. war CZE damals bereits unterbewertet. Mehr noch, sieh dir mal die NG-Futureentwicklung seit Ende August an. Also denke ich das sind wieder richtig schöne Kaufkurse.
Ich halte es mit allen verfügbaren Fakten für durchaus möglich, daß das Well mit 6 mmcfgd sprich 500 boe/d net to choice online geht. Das wäre 33% Förderungssteigerung der gesamten Firma. Die Tage sollten die Zahlen für das Quartal rauskommen. Wenn da keine negative Überraschung von den anderen Properties drin ist, sollte das dann den Boden bilden. Auf jeden Fall checke ich jeden Tag die Insiderfilings.

[Art Bechstein]

Stat,

danke für die Einschätzung. Meines Erachtens ist der Markt in Bezug auf Bohrergebnisse sehr sensibel geworden. Werden die hohen Erwartungen nicht erfüllt, dann geht es eben runter. Naja, ich will mich darüber nicht beschweren, da ich sonst nicht zu .90$ reingekommen wäre. Mal sehen, ob heute wieder die Vernunft einkehrt.

Art

[Statistix]

Ich überleg mir auch ernsthaft RUN zu shorten, wenn die Differenz bestehen bleibt. Die Bewegung ist ja geradezu ein Witz. Warte allerdings noch ab, ob RUN vielleicht andere News hatte, die gerade "leaken".

[Statistix]

Hey Art. Tja mit der Erholung heute erledigt sich die Überlegung RUN zu shorten. Übrigens Deine GTC Order bei 0,90 drinzulassen macht dich heute glaube ich zum Glückspilz des Tages .

[Art Bechstein]

[posting]18.474.526 von Statistix am 27.10.05 21:34:30[/posting]Hai Stat,

sagen wir mal so - es ist vielleicht ein kleiner weißer Punkt auf dem großen schwarzen Verlustpilz von heute

Was als nächstes? BSIC.OB ???

Art

[Statistix]

Tsja. Also mein Schwerpunkt bleibt schon hier. BSIC hat halt grade heute schlechte News rausgebracht. Nun müssen wir dort mal die Earnings abwarten. Hoffentlich wird das Well erst im nächsten Q abgeschrieben. Ich habe ein paar BSIC kaufe aber nicht nach. Wir brauchen halt $3 für AMEX. Immerhin war das Volumen da nicht so groß. Von den kurzfrisigen Transition/Listingplays finde ich zur Zeit ASPN interessant. ASPN könnte an die Nasdaq Smallcap gehen. Ist nun relativ zu FPP z.B. weit unterbewertet, wobei ich hinzufügen muss, daß ich FPP für momentan sehr teuer halte. Auch XMP Cytori ehemals Macropore ist interessant. Mögliches Listing Ende 05 Anfang 06. Siehe den Thread von Schapekop, die verstehen da weit mehr von XMP als ich.

Generell finde ich den NG Build in stocks heute sehr seltsam mit all der GOM Produktion die down war. Es gibt zwar das Gerücht, daß die Kanadier alles an NG geschickt haben was geht, aber ob das auch stimmt? Auch dürfte der demand destruction Effekt durch Wilma (Strombedraf-> Peakgasbedarf) in Florida erst nächste Woche in den Zahlen zu finden sein. Von daher gilt insgesamt wohl aufpassen.

[Statistix]

Wenn das mal nicht gefällt. V.a. die Produktion gehalten, obwohl eine Pipeline bei Pincher Creek für 5 Wochen repariert werden mußte. Auch die Reparaturkosten wurden durch die leicht höheren Preise wettgemacht.
Am meisten gefällt aber das CAPEX-Programm für den Rest des Jahres.


Choice Announces Second Quarter Financials
Thursday October 27, 7:32 pm ET

CALGARY, ALBERTA--(CCNMatthews - Oct. 27, 2005) - Choice Resources Corp. (TSX VENTURE:CZE - News):

ADVERTISEMENT
[0]
Six months ended August 31, 2005

President`s message:

For the six month period;

- Net debt inclusive of working capital deficiency is reduced by 75% to $4.31 million

- Bank Debt has been reduced 95% to $0.65 million.

- Interest expense has been reduced 49%

- The Pincher Creek horizontal well was spud in August and completion operations are underway.

- The Company sold 25% of the Pincher Creek field for $6.1 million.

- Earnings are $1.5 million or 3 cents per share.

- Cash flow from operations is up 8% to $4.7 million and on target at 9 cents per share.

- Production averaged 1,360 boe/d after the sale of a non-core property, essentially flat with the previous year period. (Pincher Creek had significant downtime due to a pipeline repair)

- Operating expenses are $3.2 million compared to $3.1 million (Expenses for the period would be reduced 10% without the one time expense of a pipeline repair).

- G&A has increased to$0.79 from $0.59 reflecting the addition of operations staff and an increased effort to significantly increase the play inventory.

- Three development wells and one exploratory well were drilled during the period.

Debt reduction combined with the drilling of the Pincher Creek horizontal well was the primary focus for the last three months. Progress on exploration was also achieved as the Company made plans for an active winter drilling season with drilling of 6 high impact exploratory wells in the Snipe/Wallace area (average working interest will be approximately 50%). The weather continued to cause a delay in the testing and completion of some wells. A 3D seismic program in the Viking area was planned and will be implemented for Q3. The Company expects to drill up to four wells after completion of this program. (average working interest will be 85%)

The Corporation finalized plans to drill a horizontal well at Pincher Creek and the well was spudded in early August. The capital interest is 19% with a before payout interest in production of 30% and an after payout interest of 52.5%. The well as of this report was being prepared for completion and testing after encountering natural gas.

Production was down slightly during the period at 1,360 boe/d after the sale of a 60 b/d property in December last year and repairing a pipeline at Pincher Creek that resulted in the field being shut in for 5 weeks. This was an unusual event and other parts of the field were tested for integrity with no significant corrosion present. Production came back on stream in the third week of August and, while average production was reduced for the period, the flush production combined with increased prices, had a minimal effect on cash flow.

Cash flow at 9 cents per share is essentially on target with internal projections. Significant price increases and approximately 200 bpd behind pipe will be added in the near term to increase cash flow for the remainder of the year. The estimate for the Pincher Creek well is not included in this number and will not be estimated until the well is completed and tested.

Our exploration play inventory continues to grow as land and prospects were added. The Company purchased a partner`s interest in the Snipe Lake and Wallace of approximately 20% area for $2 million. The Company`s interest in this area ranges from 20% to 70% and a minimum of 6 wells will be drilled this winter. An election was made with Vecta Energy Corp. to drill an Elkton test well at Chambers. This well is expected to spud prior to yearend with a Choice working interest of 25%. (The program uses proprietary acquisition, processing and interpretation).

At the Snipe Lake area, subsequent to the quarter end, road construction was completed into one well to provide year round access for production and to provide access for further drilling opportunities. This well was brought on stream in October at 50 boe/d.

Results to date are excellent and while weather kept production from increasing, several new plays were tested and have set up several exploitation opportunities. Enclosed are the financial statements. Please refer to the associated notes filed on Sedar (in particular the notes to the annual audited statements), the operations summary and the management discussion and analysis.

Gordon D. Harris
President and CEO

Highlights 2nd Quarter and Six months ended August 31, 2005

Financial: ($000 except per unit and where noted) (Per share #`s are based on the weighted average # of shares issued and outstanding during the period)

Q2 Q2 YTD YTD 2005 2004 2005 2004

Gross Sales Revenue 5,942 5,126 11,411 10,482 Net Sales Revenue 4,647 4,144 9,001 8,451

Cash Flow 2,268 2,078 4,771 4,313 Per Share (basic) 0.04 0.05 0.09 0.11

Net Income 653 418 1,449 1,325 Per Share (basic) 0.01 0.01 0.03 0.03

General & Administrative Expense 437 236 786 589

Capital Expenditures 2,790 3,786 5,974 5,370

Net Debt 4,407 17,425 4,407 17,425

Shares Outstanding (millions) Weighted Average (basic) 57,245 44,209 53,443 40,536

Operations: Production Natural gas & sulphur (MCF/d) 7,752 7,804 7,761 8,004 NGL (BBL/d) 79 48 66 60 BOE per day 1,371 1,348 1,360 1,383

Prices Gas $/MCF $ 7.63 $ 6.79 $ 7.41 $ 6.73 Liquids $/BBL $68.39 $57.23 $68.13 $51.25 $/BOE $47.10 $41.32 $45.60 $39.86

Management Discussion and Analysis

Management`s discussion and analysis (MD&A) should be read in conjunction with the unaudited August 31, 2005 financial statements and accompanying notes as well as the MD&A for the year ended February 28, 2005 and the audited financial statements for that year. Where amounts are expressed on a barrel of oil equivalent basis (BOE), gas volumes have been converted to oil equivalents at a six to one ratio.

This commentary is based on information available at October 27, 2005. Additional information relating to Choice Resources Corp. is available on SEDAR at www.sedar.com.

The MD&A uses the terms "cash flow from operations" which is before non-cash working capital adjustments and "cash flow per share," also before non-cash working capital adjustments. Although these are not currently recognized measures under Canadian generally accepted accounting principles (GAAP), management believes that in addition to net earnings, cash flow is a useful additional measure or indication as to how the Company is performing. It provides an indication of what funds the Company is generating from its operations to deploy, along with other sources of capital, in financing its on going exploration and development efforts.

Overall performance

Choice ("Choice" or the "Company") is a publicly listed company on the TSX Venture Exchange trading under the symbol CZE. It is engaged in the business of exploration, development and production of oil and gas reserves in the Province of Alberta.

The Balance Sheet for the Company at August 31, 2005 indicates a very strong financial position and demonstrates just how far the management team has brought the Company over the past eighteen months. The Company, at the year ended February 29, 2004 had a debt and working capital deficit of nearly thirty million dollars. In comparison, the net debt and working capital deficit for the quarter ended August 31, 2005 is $4.41mm ($17.33mm at August 31, 2004) including bank debt of $0.65mm. The Company also has a bank line of credit of $20mm available.

The Company, since the new management group was installed eighteen months ago, has raised more than $20mm in new equity, sold certain non-core properties and has also divested a 25% interest in the Pincher Creek Unit for $6.10mm (in August 2005) to strengthen the balance sheet. These financial transactions, as well as a proper distribution of drilling risk, have allowed the Company to undertake the drilling of the high impact Pincher Creek horizontal well. Choice has taken a 19% capital interest in the well to earn a 52.5% working interest of the net production on an after-payout basis.

Choice Resources Corp. continues to report strong financial results and another successful quarter and six months ending August 31, 2005. Commodity prices have been strong through the spring and summer and have strengthened since the latter half of August. The Company expects a strong second half of the year for revenues and cash flow from operations. Sales production volumes for the six month period averaged 1,360 BOE per day compared to 1,383 BOE per day last year for the comparable period. Production for the three months to August 31, 2005 averaged 1,371 BOE per day compared to 1,348 BOE per day for the comparable period last year.

Choice has spent $5.97mm before dispositions in the first six months of the year on capital projects and including the funding of the Company`s share of the Pincher Creek horizontal well to August 31, 2005. The Company plans to spend in excess of $10.00mm over the next six months to year end February 28, 2006 on new capital projects. These will be largely focused on our Snipe and Wallace areas, where we intend to drill at least six high impact exploration wells. Also in the capital budget for the balance of the fiscal year are plans to drill 15 wells in the Viking area and shoot and acquire 2D and 3D seismic.

------------------------------------------------------------------------
Annual Information February 28, February 29, February 28,
2005 2004 2003
------------------------------------------------------------------------

------------------------------------------------------------------------ Total Revenue $ 19,981,132 $ 16,617,958 $ 2,068,406 ------------------------------------------------------------------------

------------------------------------------------------------------------ Net Income (loss) $ 2,965,072 $ (1,156,205) $ 188,484 ------------------------------------------------------------------------

------------------------------------------------------------------------ Per Share - Basic $ 0.07 $ (0.10) $ 0.03 ------------------------------------------------------------------------ - Diluted $ 0.07 $ (0.10) $ 0.03 ------------------------------------------------------------------------

------------------------------------------------------------------------ Total Assets $ 55,015,661 $ 48,281,896 $ 5,651,705 ------------------------------------------------------------------------ Current liabilities, including bank debt $ 21,130,932 $ 30,626,711 $ 2,604,366 ------------------------------------------------------------------------ Total Long-Term Financial Liabilities $ 10,583,207 $ 8,480,622 $ 918,000 ------------------------------------------------------------------------

Review of Major properties

PINCHER CREEK

100% Working Interest 41-section Choice Operated Unit Extremely Long Life Reserves 3D&2D seismic data Numerous High Impact Drill Locations Horizontal Drilling at 01-05-003-28 W4M

Production from the Pincher Creek Unit averaged 400 BOE per day for the 3 month period ended August 31 2005. A pipeline leak was detected, analyzed and repaired during the quarter. Production was shut in from mid July to late August while these repairs and inspections were carried out. The results showed the break to be an isolated event. Approximately 40% of the costs were capitalized as an improvement to the gathering system.

The new Pincher Creek 01-05-003-28 W4M horizontal well was spud in early August. The well is being drilled under-balanced using compressed natural gas with returns separated and directed to the existing 15-05 gathering system.

At the end of quarter, the facilities for the drilling operation were built and the well was nearing total vertical depth and as of this report the drilling operations were completed and the well will be completed and flow-tested in November, 2005. (See Outlook section for future plans)

BOW ISLAND

100% Working Interest in Lands and Facilities Choice Operated Muti Zone Potentials

Production from the Bow Island Field remained steady through the quarter with the addition of an oil producer being equipped and placed on pumping production in July.

VIKING

Multi zone Potentials Extensive high working interest lands and facilities Choice Operated

Choice increased its activities in these areas over the quarter with the drilling of three development and one exploration well. All wells encountered hydrocarbons and were cased and completed. Most of these wells have multiple pay zones with stabilized flow rates ranging from 150 MCF per day to over 1.0 MMCF per day. Pipeline activities are under way.

A seismic program comprised of a 10 square mile 3-D shoot was planned and licensed. The program, as of the date of this report, has commenced.

SNIPE LAKE - WALLACE

Multi zone Potentials Large tracts of Undeveloped lands Mostly Choice Operated High Impact Well Potentials

Choice added to the infrastructure in this remote area with the kick-off of a 2 mile all season road to the 07-10-070-16 W5M site. This access has been completed and the well is currently on stream at 50 BBL per day of sweet oil.

2005 Operation Summary

Choice derives 95% of its revenue from the sale of natural gas. In the first half of the year to August 31, 2005 the Company recorded natural gas sales volumes of 1,428,052 MCF which is comparable to natural gas sales volumes of 1,472,812 MCF recorded in the same period last year. Natural gas volumes produced and sold averaged 7,761 MCF per day compared to 8,004 MCF per day last year. Sulphur volumes were included in gas volumes on a 6:1 equivalency basis but are a very small percentage of these figures. The current year`s gas production was affected by a shutdown at Pincher Creek for approximately five weeks to conduct certain repairs and maintenance on the gathering system. In the current quarter natural gas production averaged 7,752 MCF per day compared to 7,804 MCF per day for the second quarter last year.

Total oil and natural gas liquids (NGLs) production increased to 12,223 barrels in the first six months compared to 11,026 for the prior year. The 11% increase in oil and NGL production is largely due to new oil production coming on-stream in the period from the Kaybob well drilled in the first quarter of the year and placed on production in July.

On a BOE basis, average daily production rates for the six months ended August 31, 2005 were 1,360 barrels of oil equivalent per day (BOE per day) were comparable to the 1,383 BOE per day for the six month period last year. For the second quarter of this year, the average production was 1,371 compared to 1,348 from last year`s second quarter. Approximately 14,000 BOE`s (averaging 76 BOE per day for six months or 150 BOE per day for 3 months) were shut in and deferred due to the pipeline repair during the quarter.

Natural gas prices increased to average $7.41 per MCF for the six months compared to $6.73 for the same six month period last year. This 10% increase in prices reflects the continuing strong demand for natural gas over the summer months. However, the significant increases in natural gas pricing which occurred toward the end of August of this year will not be reflected until the latter half of the Company`s fiscal year. Natural gas prices in the second quarter averaged $7.63 per MCF compared to $6.73 for the second quarter of last year.

Oil and natural gas liquids prices were also up significantly to average $68.13 for the six months compared $51.25 last year. Prices for the current quarter averaged $68.39 compared to $57.23 last year. Overall, prices per BOE for the six months increased to $45.60 per BOE compared to $39.86 per BOE for the comparable period last year. This is an increase in the price per BOE of 14% above last year and reflects the general price increases experienced in the upstream sector of the oil and gas industry this past year. Prices per BOE in the quarter averaged $47.10, a 14% increase over the comparable quarter last year ($41.32 per BOE).

Summary of Quarterly Results (8 quarters)

2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 31-Aug-05 31-May-05 28-Feb-05 30-Nov-04 ------------------------------------------------------------------------

Gross revenue $ 5,941,944 $ 5,468,893 $ 5,650,846 $ 4,309,546

Net income (loss) $ 652,535 $ 796,323 $ 1,018,089 $ 621,829

Net income (loss) per share - basic and diluted $ 0.01 $ 0.02 $ 0.02 $ 0.01

2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 31-Aug-04 31-May-04 29-Feb-04 30-Nov-03 ------------------------------------------------------------------------

Gross revenue $ 5,125,820 $ 5,356,382 $ 6,714,141 $ 4,025,200

Net income (loss) $ 418,070 $ 907,083 $ (70,897) $ (991,587)

Net income (loss) per share - Basic and diluted $ 0.01 $ 0.03 $ (0.00) $ (0.05)

Revenue:

Three months ended August 31, Six months ended August 31, % % 2005 2004 change 2005 2004 change ------------------------------------------------------------------------ Volumetrics: Natural gas - MCF 713,165 717,991 -1% 1,428,052 1,472,812 -3% Oil & natural gas liquids - barrels 7,305 4,378 67% 12,223 11,026 11% MCF equivalent (Oil & NGL`s converted at 1:6) 756,995 744,259 2% 1,501,390 1,538,968 -2% MCF equivalent /day 8,228 8,090 8,160 8,364 BOE equivalent (Natural gas converted at 6:1) 126,166 124,043 2% 250,232 256,495 -2% BOE equivalent /day 1,371 1,348 1,360 1,383

Revenue: Natural gas revenue $5,442,366 $4,875,286 12% $10,578,048 $ 9,917,072 7% Oil and natural gas liquids revenue 499,578 250,534 99% 832,789 565,130 47% ---------------------- ------------------------ Total revenue $5,941,944 $5,125,820 16% $11,410,837 $10,482,202 9%

Average natural gas & sulphur price ($/MCF) $ 7.63 $ 6.79 12% $ 7.41 $ 6.73 10% Average oil & natural gas liquids price ($/BBL) $ 68.39 $ 57.23 20% $ 68.13 $ 51.25 33% Average price per MCF ($/MCF) $ 7.85 $ 6.89 14% $ 7.60 $ 6.81 12% Average price per BOE ($/BBL) $ 47.10 $ 41.32 14% $ 45.60 $ 39.86 14%

BOE/day 1,371 1,348 2% 1,360 1,383 -2%

Gross revenue from natural gas, oil and related products for the six months period increased 9% to $11.41mm over the prior year total gross revenue of $10.48mm. For the current three month quarterly period to August 31, 2005 revenues were up 16% to $5.94mm. The total increases in revenue are attributable to a 14% increase in commodity prices; offset by a 2% decrease in sales volumes for the six-month period.

In the current quarter volumes were up 2% and prices were up 14% compared to the second quarter last year. Revenue and operating expenses have been restated for the prior year to reclassify natural gas transportation costs as operating costs rather than netting these from revenue, as required by the new accounting guidelines. (Refer to Financial Statement note 2(a), Changes in Accounting Policies.)

Royalties:

Three months ended August 31, Six months ended August 31, % % 2005 2004 change 2005 2004 change ------------------------------------------------------------------------

Royalties, net of ARTC $1,295,292 $ 981,586 32% $2,410,028 $2,031,490 19% % of natural gas and liquids sales 22% 19% 21% 19% Per BOE $ 10.27 $ 7.91 30% $ 9.63 $ 7.98 21%

Royalties, net of ARTC, for the first six months increased to $2.41mm from $2.03mm. These increases are commensurate with the increases in product prices as royalties expressed as a percentage of gross revenue remained largely unchanged at 21% compared to 20% for the six months last year.

Production and Operating Expenses:

Three months ended August 31, Six months ended August 31, % % 2005 2004 change 2005 2004 change ------------------------------------------------------------------------

Operating expenses $1,829,673 $1,582,671 16% $3,224,983 $3,121,832 3% % of natural gas and liquids sales 31% 31% 28% 30% Per BOE $ 14.50 $ 12.76 14% $ 12.89 $ 10.94 18%

Operating expenses for the first six months increased by 3% over the prior years` six months to $3.22mm compared to $3.12mm. Costs to repair the Pincher Creek gathering system were $0.29mm. On a BOE basis the cost of this one-time pipeline repair increased overall operating costs by $2.29 per BOE for the three month period and $1.16 per BOE on a six month basis. Excluding this repair, operating costs were consistent with prior years operating costs.

General and administrative expenses:

Three months ended August 31, Six months ended August 31, % % 2005 2004 change 2005 2004 change ------------------------------------------------------------------------

Gross G&A $ 584,894 $ 361,126 $1,115,779 $ 893,798 Capitalized G&A 147,947 125,133 329,621 305,051 ---------------------- ------------------------ Net G&A $ 436,947 $ 235,993 85% $ 786,158 $ 588,747 34%

% of natural gas and liquids sales 7% 5% 7% 6% Per BOE - before recovery $ 4.64 $ 2.91 59% $ 4.46 $ 3.48 28% Per BOE - net of recovery $ 3.46 $ 1.90 82% $ 3.14 $ 2.30 37%

General and administrative expenses (G&A), net of recoveries for the six months were, $0.79mm compared to $0.59mm, an increase of 34%. This reflects increased payroll and consultants costs to maintain a growing full cycle exploration junior oil and gas company and is also necessary to support an increased activity level in the Company as the prospect inventory grows. The Company anticipates that G&A per BOE will decrease as production volumes increase as most G&A expenses are fixed.

G&A for the six months rose to $3.14 per BOE compared to $2.30 per BOE last year. The Company capitalized $0.33mm in G&A for the six months to property, plant and equipment in the current year compared to $0.31mm in the prior year. Approximately 30% of all G&A costs are directed toward longer term exploration efforts and accordingly, these costs are capitalized as property, plant and equipment assets.

Interest and financing expense:

Three months ended August 31, Six months ended August 31, % % 2005 2004 change 2005 2004 change ------------------------------------------------------------------------

Interest on long term debt and capital lease $111,851 $247,353 -55% $217,914 $426,740 -49% Per BOE $ 0.89 $ 1.99 -56% $ 0.87 $ 1.68 -48%

Interest expense for the six months decreased substantially to $0.22mm from $0.43mm. This 49% reduction from the first six months of last year reflects the Company`s commitment to reduce its overall levels of debt. At August 31, 2005 the Company had a bank loan balance of $0.65mm on an available bank credit facility of $20.00mm.

Depletion, depreciation, and accretion:

Three months ended August 31, Six months ended August 31, % % 2005 2004 change 2005 2004 change ------------------------------------------------------------------------

DD&A $1,086,565 $1,094,647 -1% $2,241,345 $2,119,813 6% % of natural gas and liquids sales 18% 21% 20% 20% Per BOE $ 8.61 $ 8.82 -2% $ 8.96 $ 8.33 8%

The depletion, depreciation and accretion provision remained steady on a year-over-year basis for the six month periods at 20% of gross revenue. The provision increased marginally to $2.24mm from $2.12mm or $8.96 per BOE compared to $8.33 last year. For the current and prior second quarters, the DD&A provision has remained consistent at $1.09mm or 18% and 21% of revenue respectively.

Net income and cash flow from operations:

Cash flow: Three months ended August 31, Six months ended August 31, % % 2005 2004 change 2005 2004 change ------------------------------------------------------------------------

Cash flow from operations $2,268,181 $2,078,217 9% $4,771,754 $4,313,393 11% Cash flow per share $ 0.04 $ 0.05 0.09 0.11 Per BOE $ 17.98 $ 16.75 $ 19.07 $ 16.82

Cash flow from operations for the current six months (defined as operational cash flow computed by subtracting general and administrative expenses, interest expense and cash income taxes from gross revenues net of royalties and operating and production expenses) increased by 11% to $4.77mm ($0.09 per share) compared to $4.31mm ($0.11 per share) in the first six months of last year. Increases in commodity prices and decreased interest expense have contributed to this positive cash flow increment.

Net income:

Three months ended August 31, Six months ended August 31, % % 2005 2004 change 2005 2004 change ------------------------------------------------------------------------

Net income (loss) $652,535 $418,070 56% $1,448,859 $1,325,153 9% % of natural gas and liquids sales 11% 8% 13% 13% Net income per share $ 0.01 $ 0.01 $ 0.03 $ 0.03 Per BOE $ 5.17 $ 3.37 $ 5.79 $ 5.21

Net income was comparable to the prior year first six months at $1.44mm ($0.03 per share) versus net income of $1.33mm ($0.03 per share) last year.

Current year per share calculations include an equity placement completed in May of this year.

Also, per share amounts have been reported as basic and fully diluted as the share purchase warrants are considered non-dilutive. (Refer to Financial Statement note 6, Equity Instruments.)

Capital Expenditures:

For the six months ended August 31, 2005 the Company incurred $5.97 mm in capital projects ($2.79mm for the three months ended). Major capital projects in the first six months of the year included initial drilling costs of the Pincher Creek horizontal well, which was spud on August 6, 2005, ($0.42mm), the drilling of three wells in the Bow Island and Viking areas ($1.26mm) and the drilling of wells in the Kaybob and Chigwell areas ($0.89mm).

Liquidity and capital resources:

In the first six months of this fiscal year, Choice essentially eliminated its bank debt. Net debt and working capital levels are currently less than 0.3 times the expected annual operational cash flow. The equity placement of $7.5mm, which closed in May, 2005, and the disposition of 25% working interest in the Pincher Creek Unit for $6.11mm allowed the Company to reduce its bank debt to $0.65mm at August 31, 2005. The Company is in a strong financial position and will be able to fund its capital projects for the balance of the year from cash flow from operations and by utilizing a portion of its $20.00mm bank credit facility.

The Company is obligated under a long term capital lease for a compressor at one of its facilities. Choice has an obligation to purchase this compressor when the lease ends in October, 2006 for a one-time payment of $391,508.

The Company had no off balance sheet financial arrangements or interests in any partnership or any minority interests not recorded in the financial statements as presented.

Hedging:

In the first quarter ended May 31, 2005, the Company entered into a fixed price swap for 1,000 GJ per day at a price of $7.11 / GJ for the period April 1, 2005 to October 31, 2005. The Company`s policy is to hedge no more than 25% of production at any given time and to reduce risk due to price volatility. In September 2005 the company entered into another transaction entering into a costless collar with the floor and ceiling prices set at $11.00 to $19.00 for the winter months commencing in November 2005 and ending April 2006.

Related party transactions:

(a) Other than as disclosed elsewhere, the Company paid or accrued the following during the six months ended August 31, 2005

(i) consulting fees of $292,611 for the six month period (2004 - $208,619) and $140,898 for the three month period (2004 - $112,942) to companies controlled by senior officers of the Company.

These transactions are in the normal course of operations and are measured at the exchange amount which is the amount of consideration established and agreed to by the related parties.

Outlook:

Choice expects to conduct an active exploration program in the second half of this fiscal year. The Company plans to drill up to eight exploratory tests on its high impact plays. Also Choice will drill up to fifteen development locations in the Viking area and Choice is currently shooting a 3D seismic program in this area to further delineate prospects in this multi zone operation.

One of the Company`s major objectives was to drill and evaluate the horizontal development well in the Pincher Creek area. This well will be completed and tested in the third quarter.

Critical accounting estimates:

The preparation of financial statements that conform with Canadian generally accepted accounting principles requires management to make the following estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and revenues and expenses for the period then ended.

Full Cost Accounting - The Company follows the full cost method of accounting. All costs for exploration and development of reserves are capitalized in a country by country cost centre; the costs are then depleted on the unit of production method based on estimated proved reserves. The capitalized costs can not exceed a ceiling amount. If the capitalized costs are determined to be in excess of this reserve based ceiling amount, the excess is written off. An alternative method of accounting for oil and natural gas operations is the successful efforts method. Under this method the cost centre is defined to be a property rather than a country cost centre and exploratory dry holes and geological and geophysical costs are charged to earnings when incurred.

Reserves - The Company engages independent qualified reserve evaluators to evaluate its reserves each year. Reserve determinations involve forecasts based on property performance, future prices, future production and the timing of expenditures; all these are subject to uncertainty. Reserve estimates have a significant impact on reported financial results as they are the basis for the calculation of depreciation and depletion. Revisions can change reported depletion and depreciation and earnings; downward revisions could result in a ceiling test write down.

Asset Retirement Obligation - The company provides for the estimated abandonment costs using a fair value method based on cost estimates determined under current legislative requirements and industry practice. The amount of the liability is affected by the estimated cost per well, the timing of the expenditures and the discount factor used. These estimates will change and the revisions will impact future depletion and depreciation rates.

Stock Based Compensation - The stock option plan provides for granting of stock options to directors, officers, employees and consultants. Beginning in 2003, the Company is recording a charge against earnings for all options granted after March 1, 2003. The basis for this expense is the Black-Sholes valuation model. None of the Company`s awards call for settlement in cash or other assets.

Change in Accounting Policies - Transportation Costs - Effective for fiscal years beginning on or after October 1, 2003, the CICA issued Handbook Section 1100 "Generally Accepted Accounting Principles" which defines the sources of GAAP that companies must use and effectively eliminates industry practice as a source of GAAP. In prior years, it had been industry practice for companies to net transportation charges against revenue rather than showing transportation charges as a component of operating expense on the consolidated statement of income. Effective March 1, 2003, the Company has recorded revenue gross of transportation charges and has recorded transportation charges as an operating expense on the consolidated statement of income.

Forward looking Statements:

Certain information regarding the Company as set forth in the MD&A, including management`s assessment of the Company`s future plans and operations, contain forward looking statements that involve substantial known and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuation, imprecision of reserve estimates , environmental risks, taxation policies, competition from other producers, the lack of qualified personnel or management, stock market volatility and the ability to access sufficient capital from external or internal sources. The actual results, performance or achievement could materially differ from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them does, what benefits the Company will derive there from.

Choice Resources Corp.
Consolidated Balance Sheets
As at August 31, 2005 and February 28, 2005
------------------------------------------------------------------------
------------------------------------------------------------------------

August 31, February 28, 2005 2005 unaudited audited Assets Current assets Accounts receivable and prepaid expenses $ 5,814,244 $ 4,464,828 Property, plant and equipment (note 3) 42,899,223 45,519,928 Goodwill 5,030,905 5,030,905 -------------- ------------- $53,744,372 $55,015,661 -------------- ------------- -------------- -------------

Liabilities Current liabilities Cheques in transit $ 280,176 $ 1,095,511 Accounts payable and accrued liabilities 9,185,872 7,458,904 Obligation under capital lease (note 4) 105,629 101,517 Bank loan 650,000 12,475,000 -------------- ------------- 10,221,677 21,130,932

Obligation under capital lease (note 4) 409,943 463,805

Asset retirement obligations (note 5) 2,264,509 2,225,402

Future income taxes 10,219,655 7,894,000 -------------- ------------- 23,115,784 31,714,139 -------------- -------------

Shareholders` Equity

Equity instruments (note 6) 35,031,402 29,401,947

Contributed surplus (note 8) 1,327,094 1,078,342

Deficit (5,729,908) (7,178,767) -------------- ------------- 30,628,588 23,301,522 -------------- ------------- $53,744,372 $55,015,661 -------------- ------------- -------------- -------------

The accompanying notes are an integral part of these financial statements.

Choice Resources Corp. Consolidated Statements of Earnings and Deficit Six months Ended August 31, 2005 and 2004 (unaudited) ------------------------------------------------------------------------ ------------------------------------------------------------------------

Three Months Ended Six Months Ended Aug 31 2005 Aug 31 2004 Aug 31 2005 Aug 31 2004 Restated Restated Revenue Oil and natural gas sales $ 5,941,944 $ 5,125,820 $11,410,837 $ 10,482,202 Royalties (1,295,292) (981,586) (2,410,028) (2,031,490) ------------- ------------ ------------ ------------- 4,646,652 4,144,234 9,000,809 8,450,712 ------------- ------------ ------------ ------------- Expenses Production 1,829,673 1,582,671 3,224,983 3,121,832 General and administrative 436,947 235,993 786,158 588,747 Interest on bank loan, loan payable and capital lease (note 7) 111,851 247,353 217,914 426,740 Stock based compensation (note 8) 125,070 68,000 248,750 176,844 Depletion, depreciation and accretion 1,086,565 1,094,647 2,241,345 2,119,813 ------------- ------------ ------------ ------------- 3,590,106 3,228,664 6,719,150 6,433,976 ------------- ------------ ------------ -------------

Earnings before income tax 1,056,546 915,570 2,281,659 2,016,736

Income taxes Future 404,011 497,500 832,800 691,583 ------------- ------------ ------------ ------------- Net earnings 652,535 418,070 1,448,859 1,325,153

Deficit, beginning of period (6,382,443) (9,236,756) (7,178,767) (10,143,839) ------------- ------------ ------------ ------------- Deficit, end of period $(5,729,908) $(8,818,686) $(5,729,908) $ (8,818,686) ------------- ------------ ------------ -------------

Net earnings per share Basic $ 0.01 $ 0.01 $ 0.03 $ 0.03 ------------- ------------ ------------ ------------- ------------- ------------ ------------ ------------- Diluted $ 0.01 $ 0.01 $ 0.03 $ 0.03 ------------- ------------ ------------ ------------- ------------- ------------ ------------ -------------

Basic Weighted average common shares 57,274,900 44,208,868 53,442,675 40,535,794 Diluted weighted average common shares 58,670,222 44,208,868 54,441,694 40,535,794

The accompanying notes are an integral part of the financial statements.

Choice Resources Corp. Consolidated Statements of Cash Flows Six months Ended August 31, 2005 and 2004 (unaudited) ------------------------------------------------------------------------ ------------------------------------------------------------------------

Three Months Ended Six Months Ended Aug 31 2005 Aug 31 2004 Aug 31 2005 Aug 31 2004 Restated Restated Cash provided by (used for): Operating activities Net earnings $ 652,535 $ 418,070 $ 1,448,859 $ 1,325,153 Items not affecting cash Depletion, depreciation and accretion 1,086,565 1,094,647 2,241,345 2,119,813 Stock-based compensation expense 125,070 68,000 248,750 176,844 Future income taxes 404,011 497,500 832,800 691,583 ------------- ------------ ------------ ------------- 2,268,181 2,078,217 4,771,754 4,313,393 Changes in non-cash working capital (note 9) 975,267 941,964 120,819 478,749 ------------- ------------ ------------ ------------- 3,243,448 3,020,181 4,892,573 4,792,142 ------------- ------------ ------------ -------------

Financing activities Repayment of obligation under capital lease (25,123) (23,204) (49,751) (45,953) Increase (repayment) of bank loan (8,475,000) (2,775,000) (11,825,000) (2,100,000) Repayment of loan payable - - - (10,000,000) Proceeds on finder`s fee pursuant to private placement - - - 292,225 Proceeds on issuance of common shares, net of issuance costs - (5,396) 1,861,160 6,457,536 Proceeds on issuance of flow through shares, net of issuance costs - - 4,987,500 3,842,850 Proceeds on exercise of brokers` warrants 267,150 - 267,150 - Proceeds on exercise of stock options 6,000 - 6,000 - ------------- ------------ ------------ ------------- (8,226,473) (2,803,600) (4,752,441) (1,553,342) ------------- ------------ ------------ ------------- Investing activities Property, plant and equipment expenditures (2,789,517) (3,787,293) (5,973,517) (5,371,291) Change in non-cash working capital (note 9) 2,072,440 2,001,675 256,736 1,017,342 Property dispositions 6,079,517 - 6,448,517 - Property abandonment expenditures (56,533) - (56,533) - ------------- ------------ ------------ ------------- 5,305,907 (1,785,618) 675,203 (4,353,949) Increase in cash 322,882 (1,569,037) 815,335 (1,115,149) Cash and cash equivalents, beginning of period (603,058) 1,302,748 (1,095,511) 848,860 ------------- ------------ ------------ ------------- Cash and cash equivalents, end of period $ (280,176) $ (266,289) $ (280,176) $ (266,289) ------------- ------------ ------------ ------------- ------------- ------------ ------------ -------------

The accompanying notes are an integral part of these financial statements.


Contact:

Gordon D. Harris
Choice Resources Corp.
President and CEO
[phone]

Steve Austin
Choice Resources Corp.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.choiceresources.ca

Source: Choice Resources Corp.

[Statistix]

sehr sehr fein. nur ungewöhnlich, daß der Bericht unterjährig kommt. Sonst sieht man sowas bei Vorbeireitungen bzw. Abwehr eines Übernahmeversuchs... .

Choice Announces Updated Reserves Report
Thursday November 3, 4:39 pm ET

CALGARY, ALBERTA--(CCNMatthews - Nov. 3, 2005) - Choice Resources Corp. (TSX VENTURE:CZE - News; "Choice") is pleased to announce the results of a mechanical update of its year-end February 28, 2005 reserves report. The updated report, also done by Sproule Associates Limited, is dated October 11, 2005 and effective as of September 30, 2005 and is based on the same assumptions as the February report. The updated report reflects only the changes in reserves, interests or economic factors outlined below:

[0]

1) The sale of a 25% interest in the Pincher Creek unit;

2) Changes to Choice`s interests in the new horizontal well at Pincher Creek, before and after payout;

3) Changes in Choice`s working interest in three wells in the Snipe Lake area as a result of acquisitions and dispositions;

4) One new gas well at Iron Creek, where previously no reserves were assigned;

5) Sproule`s forecast prices in effect as of September 30th were utilized;

6) Capital forecast from yearend February 28, 2005 to the September 30, 2005 effective date was assumed to have been spent; and

7) Production to September 30, 2005 was subtracted mechanically and may vary from actual volumes.

Except for the Iron Creek well, the updated report does not reflect any updated reservoir engineering evaluation of Choice`s reserves. Accordingly, the updated report does not assign new reserves to the new Pincher Creek horizontal well. This well will be evaluated in Choice`s year-end reserve report.

The following tables outline the September report under forecast prices and costs as mechanically updated from the previous report.

The evaluations of future revenue are after the deduction of royalties, development costs, production costs and well abandonment costs but before deduction of future income tax expenses and before consideration of indirect costs such as administrative, overhead and other miscellaneous expenses. The estimated future net revenue contained in the following tables does not represent the fair market value of the Corporation`s reserves. There is no assurance that the forecast price and cost assumptions contained in the Sproule Report will be attained and variances could be material. Other assumptions and qualifications relating to costs and other matters are included in the Sproule Report. The recovery and reserves estimates on the Corporation`s properties described herein are estimates only. The actual reserves on the Corporation`s properties will be greater or less than those calculated in the report.

Table 1
NI 51-101
Summary of Oil and Gas Reserves
as of September 30, 2005
Forecast Prices and Costs

Reserves ------------------------------------------------------------------------ Natural Gas Light and (non-associated Medium Oil Heavy Oil & associated) ------------------------------------------------------------------------ Reserve Gross Net Gross Net Gross Net Category (Mbbl) (Mbbl) (Mbbl) (Mbbl) (MMcf) (MMcf) ------------------------------------------------------------------------ Proved Developed Producing 28.0 23.2 0.0 0.0 21,181 15,825 Developed Non-Producing 0.0 0.0 0.0 0.0 352 300 Undeveloped 0.0 0.0 0.0 0.0 2,253 1,856 Total Proved 28.0 23.2 0.0 0.0 23,786 17,980 Probable 13.7 11.6 0.0 0.0 7,832 6,141 Total Proved Plus Probable 41.7 34.8 0.0 0.0 31,619 24,122 ------------------------------------------------------------------------ ------------------------------------------------------------------------

------------------------------------------------------------------------ Natural Gas Natural Gas (solution) Liquids ------------------------------------------------------------------------ Gross Net Gross Net Reserve Category (MMcf) (MMcf) (Mbbl) (Mbbl) ------------------------------------------------------------------------ Proved Developed Producing 0 0 473.5 302.4 Developed Non-Producing 0 0 0.0 0.0 Undeveloped 0 0 26.1 16.8 Total Proved 0 0 499.6 319.2 Probable 0 0 97.3 62.5 Total Proved Plus Probable 0 0 596.9 381.7 ------------------------------------------------------------------------ ------------------------------------------------------------------------

Table 2 NI 51-101 Summary of Net Present Values of Future Net Revenue as of September 30, 2005 Forecast Prices and Costs

------------------------------------------------------------------------ Net Present Values of Future Net Revenue ------------------------------------------------------------------------ Before Income Taxes Discounted at (%/Year) ------------------------------------------------------------------------ 0 5 10 15 20 Reserves Category (M$) (M$) (M$) (M$) (M$) ------------------------------------------------------------------------ Proved Developed Producing 103,242 67,285 53,707 46,531 41,894 Developed Non-Producing 1,898 1,492 1,250 1,095 990 Undeveloped 5,080 7,285 6,562 5,705 4,994 Total Proved 110,220 76,063 61,519 53,331 47,879 Probable 36,913 25,487 19,959 16,527 14,140 Total Proved Plus Probable 147,133 101,550 81,478 69,858 62,019 ------------------------------------------------------------------------ ------------------------------------------------------------------------

Table S-2 Summary of Selected Price Forecasts (Effective September 30, 2005)

------------------------------------------------------------------------ Edmonton WTI Par Price Alberta Cushing(a) 40 degrees AECO-C Oklahoma API Spot Henry Hub Year ($US/bbl) ($Cdn/bbl) ($Cdn/MMBTU) ($US/MMBtu) ------------------------------------------------------------------------ Historical 2000 30.30 44.03 5.07 3.89 2001 25.94 39.06 6.23 4.27 2002 26.09 40.12 4.04 3.22 2003 31.14 43.23 6.66 5.39 2004 41.42 52.91 6.87 6.14

Forecast 2005 3 mo 66.60 79.73 11.46 12.30 2006 67.41 80.73 10.97 10.68 2007 61.17 73.10 9.57 8.71 2008 43.92 52.04 6.62 6.27 2009 42.45 50.24 6.39 6.10 2010 43.09 51.00 6.42 6.14 2011 43.74 51.77 6.53 6.23 2012 44.39 52.55 6.64 6.33 2013 45.06 53.34 6.76 6.42 2014 45.74 54.14 6.88 6.52 2015 46.42 54.96 7.00 6.62 2016 47.12 55.79 7.12 6.71 Escalation rate of 1.5% thereafter. ------------------------------------------------------------------------ ------------------------------------------------------------------------

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

[Statistix]

Im Klartext der NAV wurde grade deutlich erhöht. Ohne allerdings, daß Pincher Creek drin wäre...

[Art Bechstein]

[posting]18.564.859 von Statistix am 03.11.05 23:38:48[/posting]Hai Stat,

würde Pincher Creek vom Quellentyp her überhaupt den NAV erhöhen; gemäß den canadischen Standards mein ich?

Art

[Statistix]

Das ist sehr wahrscheinlich meiner Meinung nach. Allerdings nicht in vollem Umfange der voraussichtlichen Produktion.
Es ist ein Downspacingwell für das gilt:

Downspacing wells do add to reserves in certain circumstances. The companies are not allowed to book any reserves for potential downspacing locations before they get drilling permit and hit a well. When that happens the reservoir engineers figure if actual reserves have been added or if all the gas is drained from other locations. As this is a limestone target I think that it is very unlikey that production will drain more than 50% from other locations. Which means that 50% of what is produced here could not be produced from any other well economically. Hence 50% reserve addition. So from what I think that well DOES add to reserves.

Zusätzlich ist es so, daß der NAV ja mit 10% üblicherweise abgezinst berechnet wird. D.h. CFs so ab 7-8 Jahren in der Zukunft bringen kaum mehr was für den NAV. Wenn man aber durch ein Downspacingwell ein Feld "schneller" produziert steigt zusätzlich der NAV, auch bei angenommen gleichbleibenden Reserven.

Gruß

Stat

[GulOcram]

Ich habe mir auch mal 3.000 zugelegt.
Für welche Börse steht eigentlich dass "V"?
Wo kann ich solche Exoten im Ausland handeln? War ein bißchen überrascht, dass das nicht bei Consors ging. Also habe ich telefonisch bei der Spaßkasse geordert.
Wo gibt es eine günstige Möglichkeit? Beim Kooperationspartner Penson von Consors fallen ja nach einer kurzen kostenfreien Zeit 49 Dollar monatlich Grundgebühr an. Für gelegentliche Trades lohnt sich das kaum.

[Art Bechstein]

[posting]18.700.172 von GulOcram am 09.11.05 11:59:35[/posting]V=Venture, das ist sozusagen der neue Markt der Toronto Stock Exchance (TSX). M.W. findet der Handel überwiegend in Vancouver statt.

Art

[Art Bechstein]

[posting]18.700.172 von GulOcram am 09.11.05 11:59:35[/posting]ach sorry; am günstigsten bei interactiveborkers, wo die Order flat 0,2% kostet, d.h. eine 1000C$ Order kostet 2C$ (Mindestvolumen). Internaxx kostet unter 5000 Euro Volumen so um die 24 Euro pauschal. Dann gibt es noch den deutschen Ableger von Interactivebrokers - Agora Direct - da ist es ein wenig teurer als beim Original.

[Statistix]

GulOcram. Willkommen im Thread. Du kannst auch in den USA kaufen über die Pinkies (Pink-Sheet). Das geht auch bei Consors. Du gibst die Order ein und gibts als Börsenplatz NYSE an. Die Order wird bei Pinkies direkt an die Heimatbörse -> Vancouver geroutet. Du zahlst diesselben Gebühren wie bei einem USA Kauf, denke ich. Achtung Du gibts die Order und Limit dann aber (weil Pinkie) in US Dollar an.
Zur Aktie. Tsja im Moment sind wir so um den NAV herum bewertet. Warum man nach einem halben Jahr das Reservenupdate macht ist immer nicht ganz klar. Entweder Übernahme/übernahmeversuch (denke eher weniger wahrscheinlich) oder Umschuldung um KF-Kosten zu senken. So oder so positiv. Es bleibt außerdem die Spannung auf das neue Well. Fur Fiscal H2 legt man die Bohraktivitäten auf andere Properties, wo man gerade zugekauft hat. Mal schaun was das bringt und wo wir dann stehen.
Zu NG allgemein:
Höre grade von nem Bekannten, daß in den USA Zement teuerer und knapper wird. Wohl ein eindeutiges Zeichen, daß NG demand dafür down war (für die Chloridproduktion dafür). Insofern sind die aktuellen NG Stocks wohl bullisch, sobald und falls dieser Demand zurückkommt. Sollte er eigentlich, denn wenn sich Zement teurer verkaufen läßt kann man auch mehr für NG zahlen. Habe übrigens vor ein paar Wochen schon was ähnliches über einen noch NG/öllastigeren Stoff gehört. Plastik.

Gruß

Statistix

[GulOcram]

Ich habe mit Consors telefoniert. Die sagten mir, ich könnte nicht in Vancouver kaufen. Ich hatte zuvor als Börsenplatz aber auch Kanada eingegeben. ich versuche es demnächst mal über die NYSE. Muss man dafür ActiveTrader oder so was sein? ich habe ein ganz normales Kleinanlegerdepot.
Wer kann kurz und knapp den Unterscheid zwischen Choice und Torrent schreiben?
Wer ist weiter, billiger, besser?

[Statistix]

Die Leute bei Consors sind ja Nasen. Normalerweise sollten Dir dir eigentlich sowas erklären helfen. Ich meine die verdienen damit ja Geld...
Ich weiß, daß es über NYSE geht, da ich mal für nen Kunden so bei Consors geordert habe. Activetrader oder Internet ist egal. Du handelst dort ein Pinksheet. Streng genommen ist das Symbol CYTDF.PK (mal bei Yahoo eingeben). Wenn Pinksheets andere Heimatbörsen haben wird die Order direkt weitergeleitet von daher ist es Wurscht, ob Du in Vancouver handeln kannst oder nicht. Du könntest z.B. auch in USA Solarworld kaufen obwohl sie da nicht gehandelt werden, denn es gibt ein Pinksheet, das die Order nach Xetra weiterleitet...
Kanada geht nicht, da es dort keine Pinksheets gibt. Dort kannst Du nur TSX-Werte, also ohne V handeln.
Kann mich nicht mehr genau an Torrent erinnern, hab es zusammen mit vielen anderen beim Screenen mal angesehen, aber irgendwas hat mich dazu gebracht, daß ichs mir nichtmal näher angesehen habe. War wohl eine "red flag". Wenns mir wieder einfällt schreib ichs.

[Statistix]

NG is thta place to be.
Final Bitumen Ruling Affirms Alberta Gas Producers Must Give Up 917 Wells
Intelligence Press Friday, November 11, 2005


A seven-year civil war in the Alberta energy industry ended with a provincial decision that affirms that natural gas producers must give up 917 gas wells capable of producing 120 MMcf/d because the wells threaten future oilsands development.

In a final ruling on the marathon faction fight, the Alberta Energy and Utilities Board (AEUB) rejected appeals to save the northern gas wells. The appeals were made during a summer of technical hearings on previous bitumen conservation decisions.

The AEUB refused to make significant changes to a 2004 interim ruling. But although the gas faction repeated claims that the shut-in remains unnecessary, no producers stepped forward to fire off further appeals to the courts. The Alberta Department of Energy lowered the temperature of the dispute last winter by announcing a compensation policy of royalty reductions for companies hurt by the board decision.

The new ruling repeated the gas wells must be turned off to preserve underground pressure that oilsands developers and board engineers believe will be required for eventual production of 25.5 billion barrels of bitumen.

Companies that resisted the policy did not convince the board that they are within sight of devising means to protect the bitumen while producing the gas.

The dispute centers on Athabasca oilsands deposits in the Fort McMurray region of northeastern Alberta but outside the area`s internationally renowned bitumen strip-mining district. The deposits involved in the conflict are too deeply buried for mining, and an emerging branch of the oilsands industry uses wells and heat injections to make hot bitumen flow to the surface.

The AEUB estimated the amount of oil being saved by its hotly contested decision is equivalent to 500 times the energy in the volume of gas being sacrificed.

The policy shuts in about 280 Bcf of gas, or seven-tenths of 1% of Alberta`s total reserves. Nearly 15% of the province`s bitumen reserves are involved in the case.

Alberta Energy`s compensation program does not pay out cash to companies losing gas production as a result of the AEUB policy. Instead, royalties are reduced on production from other wells owned by the companies outside the oilsands belt.

The compensation scheme was initially projected to cut provincial revenues by about C$95 million a year (US$76 million). But the Energy Department said the amount could turn out to be higher because the value of foregone royalties will depend on gas prices, which have climbed steadily since the compensation was granted.

The leader of the resistance, Paramount Energy Trust, alone collected C$32 million (US$26 million) in compensation for shut-in Athabasca gas wells since the program started.

In a statement Nov. 11, Paramount described the royalty cuts as still only "partial relief." The trust said it "still owns the shut-in reserves and they would be much more valuable were they returned to production."

Paramount added the final AEUB decision does no significant new harm and made no move to repeat past appeals to the courts. But the trust vowed to keep trying to revive its 17.4 MMcf/d in shut-in oilsands region gas production by other means. After repeated regulatory and legal setbacks, the gas faction has turned to technical research on ways to revive production without interfering with bitumen development prospects.

Paramount also vowed to maintain a close watch on the oilsands developers as they step up activity in the contested region with a technology known as SAGD or steam-assisted gravity drainage, which uses paired horizontal wells for simultaneous heat injections and production flows of hot bitumen.

"Associated gas production and contamination from SAGD operations is a serious concern for all owners of shut-in gas reserves," Paramount said.

The conflict over gas and bitumen has divided the Alberta industry into dueling factions since 1998, when the AEUB took action on warnings by oilsands developers that vast potential production was in jeopardy. In some cases such as EnCana Corp. companies found themselves divided internally, with gas and oilsands divisions on both sides of the conflict. EnCana is a leader of efforts to find a technical solution that would allow both gas and bitumen production in the Athabasca region.

The oilsands faction also won an earlier preliminary round of the fight, when gas wells were closed down to protect the pioneer Surmont SAGD project south of Fort McMurray.

Seeds of the conflict date back to early 1990s oilsands technology advances. Previously, deep deposits were thought to be beyond reach of development. In the 1980s, when royalty revenues were severely depressed and oilsands development appeared to be dead due to poor commodity prices, the province sold separate rights to tap natural gas in the Athabasca region.

Copyright 2005 Intelligence Press Inc. All rights reserved. The preceding news report may not be republished or redistributed, in whole or in part, in any form, without prior written consent of Intelligence Press, Inc.

[Statistix]

52 Wochen Hoch

[Statistix]

Tja da sind also die erwarteten News. Sorry dass ich mich so kurz fasse habe kaum für die Märkte Zeit die Tage. Ich denke alles in allem wirds runter gehen, denke sogar bis unter $1. Langfristig hat sich nicht viel geändert, nur daß nun die nächste Hoffnung auf Produktionssteigerung auf das Winterprogramm verlagert wurde. Insgesamt hat sich die Pincheraktion für Choice bislang sehr gelohnt, wenn man sieht was sie ins drilling gesteckt bzw. durch den Teilverkauf erlöst haben, welche Reserven erschlossen wurden und welche EV/BOE/D das Well in Produktion hat kann man sagen ein gutes Well, ein gutest Property aber kein Company maker.
Abwarten und dabeibleiben würde ich sagen. Muss aber zugeben meine Tradingshares die letzten Tage geschmissen zu haben und zu beabsichtigen etwas tiefer zur Core Position wieder hinzuzukaufen. Ich denke wir sollten nun mit der Co bei so ca. bei 1500 boe/d sein.

[Statistix]

Der gute CEO hat grad gestern 10.000 Stücke gekauft. So enttäuscht kann der nicht sein

[Hopi1]

moin statistix und alle,

moechte gerne ueber comdirect in usa kaufen, brauche dafuer aber eine isin. kann mir jemand tipss geben, wie ich vorgehen muss oder geht es nur telefonisch?

gruesse, hopi1

[Art Bechstein]

[posting]19.283.827 von Hopi1 am 14.12.05 11:33:33[/posting]glaube nicht, dass USA klappen wird, weil Choice dort nur bei den Pink Sheets gelistet ist und Canada über comdirect ist vom Preis her wirklich nicht zu empfehlen. Wenn DU öfters kanadische und US-Aktien handeln willst, leg Dir am besten einen Interactivebrokers-Account zu.

WKN: 870162

ISIN: CA17038V1013

Kürzel Deutschland: CR9

Kürzel CAN: CZE

Kürzel USA: CZEKF.PK

Art

[Hopi1]

danke fuer die schnelle antwort. wenn ich statistix unten richtig verstanden habe, dann wird doch ueber die pinksheets automatisch nach kanada umgeleitet, oder? muss ich dann mein limit in usd oder cand eingeben?

gruesse, hopie

[Statistix]

in USD .

[Hopi1]

moin zusammen,

wuensche allen ein gesundes und erfolgreiches jahr. ich habe in Can zu 1,02 gekauft. Habe mich vorher noch mal ein bischen schlau gemacht:
im letzten operations update wurden aktuell ca. 1600 boe/d gemeldet - mit der aussicht auf kurzfristige steigerung in richtung 1750-1800. weiterhin ist der gaspreis fuer die letzten 6M extrem gestiegen. ich rechne mit einem durchschn. preis von ca. 11-12 usd (in den ersten sechs monaten war der durchschn. preis bei 7,8 und die durchschn. foerdermenge bei 1360 boe/d!!!). also: mind. 20% hoehere foerdermenge und min. 20% hoehere erloese). da ich nicht abschaetzen kann, wieviel an nettoerloesen uebrig bleibt, werde ich keine EPS-schaetzung fuer das 2.HJ abgeben. ich rechne aber mit einer signigikanten ergebnisverbesserung.

Meinungen dazu?

Gruesse, Hopi1

[Art Bechstein]

[posting]19.510.743 von Hopi1 am 03.01.06 09:52:13[/posting]Choice hat das blöde Problem versetzer Quartale, was Choice bei den wichtigen Junior-Vergleichen immer schwächer ausseen läßt, als sie wirklich sind. Das Q3 (Q2) ging bis 31.8. (üblich 30.9.) - die größeren Preissteigerungen für NatGas waren aber erst im September, so dass Choice hier bei den Netbacks hinterherhinkt - auch war die Förderquote Ende September schon höher und die Unterbewertung noch krasser. Choice hat sehr unter den zu großen Erwartungen der Pincher Creek Quelle gelitten, die v.a. durch den Mitbeteiligten RUN.V geschürt worden, die offensichtlich eine wesentlich offensivere Informationspolitik verfolgen, um es mal nett zu sagen. Schaut Euch mal die Vergleiche bei Quist oder Idaresso an - da kommt man an Choice einfach nicht vorbei.

Ich habe mir Mitte Dezember übrigens noch eine Position EON.V (Enterprise Oil) zu 0,64 C$ gegönnt. Die sind u.a. auch an einem aufstrebenen Pipelinebetreiber beteiligt und noch niedrig kapitalisiert.

My opinion - your Choice !!

Art

[Hopi1]

moin art,

du bist aber immer schnell am ball - respekt.
eigentlich ist es doch egal, welches Q man nun nimmt. die folgenden quartale werden auf jeden fall ueberproportional gut werden. ich bin i.a. voll investiert - nicht nur in energiewerte - habe mir u.a. auch noch actelion nach dem absturz gekauft, war vor einiger zeit schon mal nicht schlecht fuer mich.
man muss auch diversifizieren imho.

werde mal ein bischen bei deinen quellen schaun.


so long, hopi1

[Kostolany4]

Welchen Vorteil soll es haben, in eine Company mit 31 Mio Euro Marktkapitalisierung zu investieren, wo man weiß, daß es in dieser Größenklasse vor Betrügern nur so wimmelt? Ist mir zu hoch. Es gibt über 20 seriöse Firmen mit MK von etwa 3 bis 40 Mio, die im Jahr 2005 über 100% Performance hingelegt haben. Bei diesen Aktien ist man vor Verlust oder Betrug sicher. Wieso also das unnötige Risiko?

[Art Bechstein]

[posting]19.514.219 von Kostolany4 am 03.01.06 14:05:43[/posting]Dein Statement spricht wirklich für sich - da muß man gar nicht viel zu sagen

Art

[Statistix]

Kostolany. Sag mal Du mußt Dich vertippt haben oder?
Habe die Tage ein paar BSKO.OB gekauft. Da gibts diese Woche noch News denke ich. Zusätzlich hab ich bei TGB und OSK.V nachgelegt.
Leider hab ich im Moment total wenig Zeit für die "Boards". Zu Choice gibts wenig zu sagen. Ist eher eine langfristigere Geschichte geworden bis die Unterbewertung entdeckt wird denke ich. Ich bleibe aber dabei... Ich glaub im März oder so (???) laufen ne ganze Menge Optionen aus, die Strike 1$ Can haben. Die werden wohl nicht viele ziehen so wies aussieht, da muss sich shcon noch was tun. Und daher wirds das wohl auch.
Ich denke die nächsten Zahlen könnten als Anlaß genommen werden.

[Hopi1]

donnerwetter,

das war aber gestern ein hohes volumen (gott sei dank in verbindung mit einem anstieg). wenn da mal nichts im busche ist...

halle art, gratuliere zu eon.v sind in den letzten beiden tagen ja recht gut gelaufen (bei dem kuerzel muss der kurs ja steigen...)

so long, hopi1

[Art Bechstein]

[posting]19.544.521 von Hopi1 am 05.01.06 12:45:58[/posting]Hopi,

bei Choice wird sich Qualität einfach durchsetzen. Die Kennzahlen sind einfach ultragünstig, nicht nur beim EV/boed sondern auch hinsichtlich der Reichweite der Resourcen mit über 10 Jahren. CZE wird dann entdeckt und ganz groß steigen, wenn sie die Kosteneffizienz noch steigern. Auf jeden Fall sollte nach dem konsequenten Schuldenabbau der Cash-Flow nun steigen und die Reserven somit schneller und umfänglicher gehoben werden.

EON.V wird IMO weiter gut laufen, da hier ein völlig neue Gesellschaft entstanden ist. Das Konzept ist simpel - sie kaufen private Öl/Gas-Förderer und Dienstleister gegen Cash und überwiegend Aktien auf und ermöglichen denen somit eine hohe Fungibilität des Investments. Das sickert gerade erst so langsam in die Bulletins der Analysten und Fondsmanager und deswegen gehe ich davon aus, dass hier noch einiges positives kommen wird.

Habe mir vor ein paar Tagen auch noch einen kleinen Explorer ins Depot gelegt, der aber die höchste Risikostufe (und den größtmöglichen Hebel) hat , und zwar Trivello Ventures TRV.V - die sind gerade dabei sich als kleiner Produzent zu etablieren und ihre Fördermenge auszubauen - ist derzeit nur mit 3,66 Mio. C$ bewertet.

Art

[Hopi1]

du kennst unternehmen...

bin i.a. leider voll investiert. trotzdem danke fuer den hinweis. werde ich mal beobachten. kann sein, dass ich schnell wieder liquide werde.

so long, hopi1

[Hopi1]

na ja. die zahlen sind schon ein paar tage draussen. ich sehe das mit gemischten gefuehlen, bleibe aber noch weiter drin.
wieder keine erhoehung der foerdermengen...

CALGARY, ALBERTA--(CCNMatthews - Jan. 30, 2006) - Choice Resources Corp. (TSX VENTURE:CZE - News; "Choice" or the "Company") today announced record quarterly results for the three and nine month periods ending November 30, 2005. For a complete copy of the Company`s third quarter financial statements and management`s discussion and analysis ("MD&A") please visit www.sedar.com.

($ thousands except per YTD YTD unit and where noted) Q3 2005 Q3 2004 Change 2005 2004 Change ------------------------------------------------------------------------ Gross revenue $7,892 $4,478 76% $19,302 $14,960 29% ------------------------------------------------------------------------ Net revenue 6,280 3,782 66% 15,281 12,232 25% ------------------------------------------------------------------------ Cash flow 4,306 1,893 127% 9,078 6,206 46% ------------------------------------------------------------------------ - per share (basic) $ 0.08 $ 0.04 100% $ 0.17 $ 0.15 13% ------------------------------------------------------------------------ - netback per boe $35.61 $16.07 122% $ 24.06 $ 15.83 52% ------------------------------------------------------------------------ Net income 2,014 622 224% 3,462 1,947 78% ------------------------------------------------------------------------ - per share (basic) $ 0.04 $ 0.01 300% $ 0.06 $ 0.05 20% ------------------------------------------------------------------------ Capital expenditures 8,100 3,210 152% 14,074 7,662 84% ------------------------------------------------------------------------ Net debt 8,365 17,752 (53%) 8,365 17,752 (53%) ------------------------------------------------------------------------ Shares outstanding ------------------------------------------------------------------------ - weighted average (basic) 57,733 44,241 54,822 41,928 ------------------------------------------------------------------------ Production (boe/d) 1,329 1,294 3% 1,350 1,425 (5%) ------------------------------------------------------------------------ ------------------------------------------------------------------------

Note: Per share numbers are based on the weighted average number of shares issued and outstanding during the period.

Third Quarter Financial and Operational Highlights

- Cash flow from operations increased 127% for the quarter and 46% year to date.

- Cash flow per share increased 100% for the quarter and 13% year to date.

- The Company drilled 2 wells during the period with a success rate of 100%.

-- A 10 square mile 3D seismic program was completed and analyzed in the Viking area with 28 drilling locations identified.

-- The winter drilling program was initiated with the lockup of 2 drilling rigs; up to 9 exploratory wells and 7 to 15 development wells will be drilled by the end of March.

- The Pincher Creek horizontal well was completed and put on stream in early December and has an expected payout of 1.5 to 2 years.

- The Company sold 25% of the Pincher Creek Unit effective September 1, 2005 for $6.1 million.

- Production averaged 1,329 boe/d after the sale of a non-core property and the sale of 25% of the Pincher Creek Unit which was approximately 160 boe/d.

- Approximately 150 to 200 boe/d remains behind pipe due to pipeline and facility constraints in the Viking area.

- Net debt inclusive of working capital deficiency was reduced by 53%.

Exploration and completion of the Pincher Creek horizontal well was a primary focus during the third quarter. This well confirmed the presence of untapped reserves and isolated and compartmentalized reservoirs. As a direct result of this, drilling plans are in place to pursue more seismic and drill at least one more horizontal well this year in addition to two or three re-entry wells. There is significant upside potential in un-drained reserves in this series of pools and the results of the 1-5 horizontal well have given management and the Company`s partners confidence in our plans going forward.

Production was essentially flat during the quarter at 1,329 boe/d after the sale of a 60 b/d property, the repair of a pipeline at Pincher Creek which resulted in the field being shut in for five weeks, and the sale of 25% of the Pincher Creek unit.

Year to date cash flow of $0.17 per share is on target with internal projections. There remains approximately 150 to 200 boe/d behind pipe due to pipeline and facility constraints in the Viking area. Natural declines of third party gas and the installation of refrigeration equipment are expected to alleviate this problem in the fourth quarter.

Outlook

The Company has made plans for an active winter drilling season. Up to nine wells will be drilled in the Snipe/Wallace area and two high potential impact wells in new areas will also be drilled this winter, with Choice holding an average working interest of 50%. Unseasonably warm weather caused a delay with the commencement of this activity but exploration activities are well under way at the time of this report.

A 3D seismic program in the Viking area was completed during the third quarter and 7 to 15 wells will be drilled by the end of February. These wells are targeting Viking and several Mannville exploration targets with an average working interest of 85%.

Our exploration play inventory continues to grow. Over the next 12 to 15 months Choice has put in place a program to drill up to 55 gross wells and 30 net wells with a capital budget of $33 million. This budget will be split 1/3 for exploration activities and 2/3 for development activities. Acquisitions and farm-ins are a key focus as Choice makes the transition from a "value" story to a "growth" story.

Results to date continue to be excellent. Underlying asset values are beginning to be realized and several new plays are being tested to provide the potential for significant growth opportunities. Over the past two years debt has decreased significantly, the play inventory has increased to over 18 prospects and market capitalization has increased by over $30 million. It has been an excellent year thus far and management looks forward to reporting continued success as we enter the fourth quarter.

Forward looking Statements:

Certain information regarding the Company as set forth in the MD&A, including management`s assessment of the Company`s future plans and operations, contain forward looking statements that involve substantial known and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuation, imprecision of reserve estimates , environmental risks, taxation policies, competition from other producers, the lack of qualified personnel or management, stock market volatility and the ability to access sufficient capital from external or internal sources. The actual results, performance or achievement could materially differ from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them does, what benefits the Company will derive there from.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.


Contact:

Gordon D. Harris
Choice Resources Corp.
President and CEO
[phone]

Steve Austin
Choice Resources Corp.
Chief Financial Officer
[phone]
[phone] (FAX)

[Art Bechstein]

[posting]20.050.270 von Hopi1 am 05.02.06 13:37:47[/posting]Hopi,

ich bin nach den lauwarmen Zahlen und der Stagnation bei der Produktionsmenge letzte Woche zu 1,04C$ raus und in LRC.V rein - mal sehen, was es nützt.

Viel Erfolg mit CZE.V

Art

[Stammzelle]

Hi Art,
muss dir auch Mal sagen, dass deine Recherchen einfach supi sind. Hast ja mit Trivello Ventures wieder einmal ein tolles Näschen bewiesen. Steigen bei enormen Umsätzen exorbitant.
Hast du persönlich ein Kursziel?

Gruß, Stammzelle.

[Art Bechstein]

Ich würde in den oberen 30ern die halbe Position verkaufen. Das sollte eigentlich im 1. Quartal erreichbar sein. Habe heute übrigens SLV.V gekauft - sehr interessanter Wert, der in New Brunswick kurz vor der Entdeckung eines Gasvorkommens (Kohle-Bett) steht; die Resourcenschätzung steht zur Veröffentlichung an - kannst ja mal gucken....
außerdem gestern LRC.V gekauft

Art

[Hopi1]

ich bin auch wieder raus. habe auch ein wenig recherchiert. was haltet ihr von rival energy (rgy.v). sind deutlich guenstiger bewertet.

ich werde mir in den naechsten tagen eine position reinlegen.


gruesse, hopi1

[Stammzelle]

Hi Art,

habe mich heute Mal mit Trivello Ventures, Long View Resources und Stealth Ventures beschäftigt. Habe selbt nicht so den absoluten Einblick - habe mich eigentlich mehr mit Biotechs beschäftigt (und beim letzten großen Crash Anfang des Jahrtausends extrem verloren...).

Dennoch bin ich der Auffassung, dass die drei o.a. Unternehmen - gerade im derzeitgen Hype und während der weltpolitischen Lage - wohl noch eine gute Performance hinlegen können.
TRV habe ich mir heute ins Depot gelegt - war vielleicht ein, zwei Tage zu früh, aber schauen wir Mal!
Auch bei LCR und SLV bin ich am überlegen...

Was haltet ihr - es sind natürlich auch die anderen im Thread angesprochen - eigentlich von Diaz Resources Ltd. (Kürzel DZR in Kanada)?


Gute Nacht, Stammzelle.

[GulOcram]

Ist das gut? Habe zu wenig Ahnung, um das beurteilen zu können.


Choice Announces Year End Reserves
Tuesday May 2, 7:00 am ET


CALGARY, ALBERTA--(CCNMatthews - May 2, 2006) - Mr. Gordon Harris President and CEO of Choice Resources Corp. (TSX VENTURE:CZE - News), is pleased to report on the latest reserves results as completed by Sproule Associates Limited as of February 28, 2006. The reserve definitions and ownership classification used in the evaluation are the standards defined by COGEH reserve definitions and consistent with NI 51-101 and used by Sproule Associates Limited. The values in the table below are on a before-tax basis and the final detailed NI 51-101 report will be filed on SEDAR towards the end of May.
In terms of the underlying asset value of the Corporation the value of the reserves have increased 55% discounted at 10% from the last fiscal year end report. The reserves value on the same basis has increased 16% from the September report. The proven Company volumes before royalty have increased approximately 50% from the last fiscal year end report after production and property sales and have increased 48% from the September report after production and property sales. Probable reserves have declined slightly due to a move into the proven category.

Management is very pleased with the results achieved and the Corporation now has a combined inventory of over 70 development and exploration projects. The Corporation expects to drill 40 wells on a gross basis this year (35 net) with a capital budget of approximately $33 million. There were 58.7 million shares issued and outstanding at February 28, 2006 and there are currently 67.6 million shares issued and outstanding.


Summary of the Evaluation of the Company's P&NG Reserves (As of February
28, 2006)
------------------------------------------------------------------------
Remaining Reserves
Company
Gross Gross Net
------------------------------------------------------------------------
Light/Medium Oil (Mbbl)
Proved Developed Producing 29.2 12.3 10.3
Total Proved 29.2 12.3 10.3
Probable Developed 9.3 3.9 3.3
Total Probable 9.3 3.9 3.3
Total 38.5 16.2 13.5
------------------------------------------------------------------------
Pipeline Gas (MMcf)
Proved Developed Producing 42,502 31,469 23,376
Proved Developed Non-Producing 1,778 1,163 954
Proved Undeveloped 1,915 1,643 1,273
Total Proved 46,195 34,274 25,604
Probable Developed 5,697 4,526 3,609
Probable Developed Non-Producing 639 461 386
Probable Undeveloped 1,759 1,565 1,275
Total Probable 8,095 6,552 5,270
Total 54,290 40,827 30,874
------------------------------------------------------------------------
Natural Gas Liquids (Mbbl) - values
included with gas -
Proved Developed Producing 890.5 628.7 407.8
Proved Undeveloped .0 .0 -.1
Total Proved 890.5 628.7 407.8
Probable Developed 44.2 32.3 20.9
Probable Undeveloped .0 .0 .0
Total Probable 44.2 32.3 20.9
Total 934.7 661.0 428.6
------------------------------------------------------------------------
Sulphur (Mlt) - values included with gas -
Proved Developed Producing 203.8 143.8 114.0
Proved Undeveloped .0 .0 .0
Total Proved 203.8 143.8 114.0
Probable Developed 9.8 7.1 5.6
Probable Undeveloped .0 .0 .0
Total Probable 9.8 7.1 5.6
Total 213.6 150.9 119.6
------------------------------------------------------------------------
GRAND TOTAL (Mboe)
Proved Developed Producing 8,207.2 6,029.5 4,428.1
Proved Developed Non-Producing 296.3 193.8 159.1
Proved Undeveloped 319.1 273.8 212.1
Total Proved 8,822.6 6,497.2 4,799.3
Probable Developed 1,012.7 797.7 631.2
Probable Developed Non-Producing 106.5 76.8 64.3
Probable Undeveloped 293.2 260.9 212.5
Total Probable 1,412.5 1,135.3 908.0
Total 10,235.1 7,632.5 5,707.4
------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------------------
Net Present Values
Before Income Taxes (M$)
------------------------------------------------------------------------
At 0% At 5.0% At 10.0% At 15.0%
------------------------------------------------------------------------
Light/Medium Oil (Mbbl)
Proved Developed Producing 423 397 375 355
Total Proved 423 397 375 355
Probable Developed 101 86 75 65
Total Probable 101 86 75 65
Total 524 484 449 420
------------------------------------------------------------------------
Pipeline Gas (MMcf)
Proved Developed Producing 177,790 93,607 67,278 55,011
Proved Developed Non-Producing 6,222 5,416 4,829 4,377
Proved Undeveloped -1,328 8,701 6,712 4,732
Total Proved 182,684 107,723 78,818 64,120
Probable Developed 24,705 14,030 9,979 7,735
Probable Developed
Non-Producing 2,233 1,827 1,529 1,303
Probable Undeveloped 3,100 5,389 4,145 3,037
Total Probable 30,038 21,246 15,653 12,075
Total 212,721 128,969 94,472 76,195
------------------------------------------------------------------------
Natural Gas Liquids (Mbbl) - values
included with gas -
Proved Developed Producing
Proved Undeveloped
Total Proved
Probable Developed
Probable Undeveloped
Total Probable
Total
------------------------------------------------------------------------
Sulphur (Mlt) - values
included with gas -
Proved Developed Producing
Proved Undeveloped
Total Proved
Probable Developed
Probable Undeveloped
Total Probable
Total
------------------------------------------------------------------------
GRAND TOTAL (Mboe)
Proved Developed Producing 178,213 94,004 67,652 55,366
Proved Developed Non-Producing 6,222 5,416 4,829 4,377
Proved Undeveloped -1,328 8,701 6,712 4,732
Total Proved 183,107 108,120 79,193 64,475
Probable Developed 24,806 14,117 10,054 7,801
Probable Developed
Non-Producing 2,233 1,827 1,529 1,303
Probable Undeveloped 3,100 5,389 4,145 3,037
Total Probable 30,139 21,332 15,728 12,140
Total 213,245 129,453 94,921 76,615
CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. Per barrel of oil equivalent ("boe") may be misleading particularly if used in isolation. A BOE conversion of 6000 cubic feet of gas to 1 barrel of oil and is based on an energy equivalency conversion method primarily applicable at the burner tip. This does not represent a value equivalency at the wellhead and may not be appropriate for value comparisons.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.



Contact:
Gordon D. Harris
Choice Resources Corp.
President and CEO
[phone]

Steve Austin
Choice Resources Corp.
Chief Financial Officer
[phone]
[phone] (FAX)


--------------------------------------------------------------------------------
Source: Choice Resources Corp.

[GulOcram]

Wenn man sich den Kursverlauf anschaut, war die Meldung wohl nicht so verkehrt.

[Statistix]

Die war wirklich gut. Da im Moment die NG Situation in den USA einfach nicht sooo sexy ist, kann es sein, daß da Warten hier noch weiter mühsam ist.
Dennoch, sobald NG wieder interessant wird, gehört dieses kleien Company m.E. nach ganz oben.

[Stammzelle]

Antwort auf Beitrag Nr.: 20.072.963 von Art Bechstein am 06.02.06 23:09:57

Hi Art,

bist du eigentlich noch in LRC und SLV investiert? Wie siehst du die Werte heute? Habe mich nie näher mit den Werten beschäftigt. Es wird alles zu viel... Habe einen Zeit raubenden Job.

Gruß, Stammzelle.

[Plobby]

Könnte euch das interessieren ?

Working interests in the Kakwa project are held as follows:

Choice Resources Corp (Operator) 40%

First Australian Resources Limited 15%
Reeder Energy, Dallas, Texas 15%
MBOE Inc, Dallas Texas 10%
Running Fox Resources Corp, Richmond, British Columbia 10%
Bolthouse Capital Corp, Vancouver, British Columbia 10%

Neues Global Drilling Update von FAR.

http://www.far.com.au/files/asxannounce/Elodge%20ID337868%20…