DerAktionär - Cano Petroleum - 500 Beiträge pro Seite

[GNawracala]

Mahlzeit, habe gerade gehört, dass DerAktionär nen Öl-Special gebracht hat und dabei auch Cano Petroleum (AMEX: CFW / WKN A0B5TJ) erwähnt!

kann das jemand bestätigen?

[Tangiers]

Richtig gehört!

[investit]

und Tangiers? kannste nen bischen was mehr sagen?

[Tangiers]

...Cano Petrolium z.B., hat ein neues Verfahren entwickelt, mit dem auch Öl gefördert werden kann, das in schwierigen Gesteinsformation gebunden ist. Das Unternehmen pumpt eine Art Chemikaliencocktail in den Boden, der das Öl aus dem Gestein löst. Ausgezeichnete Kenner der Szene, wie etwa Jeroen van der Veer, Chef des Ölgiganten Royal Dutch, sind sich sicher, dass durch solch neuer Verfahren der sogenannte Recovery-Faktor von derzeit 30 auf 50% gesteigert werden kann...

[rien_ne_va_plus]

[posting]17.226.193 von Tangiers am 13.07.05 14:58:16[/posting]Was haben die noch empfohlen?

[investit]

dankje vell oder wie das auf hplländisch heißt

[Tangiers]

[posting]17.226.296 von rien_ne_va_plus am 13.07.05 15:07:03[/posting]Eigentlich keine

Haben nur eine Liste mit vergangenen Empfehlungen, die schon ganz gut gelaufen sind:

Petrochina 936537
Sinopec Zhenhai Refining 893400
China Shipping Dev. 893238
China Oilfield Services 778929
CNOOC 631636
Cano Petroleum A0B5TJ
Royal Dutch 907505

[investit]

Hier gibts schon mal nen paar mehr infos übrigens:

Thread: Cano Petroleum – Aufstieg in eine neue Liga!!

[DerEremit]

Cano ist auch nicht wirklich empfohlen worden. Sie wurden nur erwähnt. Ich kann mich aber immer noch nicht richtig für diese Aktie erwärmen. Ich weiß nicht woran es liegt. Ich denke nur, daß wenn das Verfahren was Cano hat wirklich so toll ist, dann haben es andere Firmen mit Sicherheit auch bald. AUßerdem gibt es dutzende Firmen, welche sagen das sie mit neuen Technologien deutlich bessere Ergebnisse erziehlen. Glaubt ihr wirklich die Big Player schauen da ruhig zu, wenn es so revolutionär wäre. Dann hätten die schon längst zugeschlagen. (was bei mehreren Milliarden Quartalsgewinn ein Leichtes wäre)

[investit]

@Einsiedler

der Gag an der geschichte ist, dass sich das für die majors nicht lohnt! sprich, die potenziale sind für ne kleine, junge firma wie Cano riesig - aber bei den majors würde das in den bilanzen kaum auffallen! die brauchen neue, riesige felder, damit sich das lohnt, sie ihre reserven merkbar steigern können ...

abgesehen davon Canos Tom Cochrane kommt von Exxon Mobil ...

[investit]

PS empfohlen wurden die vom Aktionör schon Anfang des Jahres! bei 3,25 € ...

s. die liste, die tangiers reingestellt hat

[Kostolany4]

Ob Cano Petroleum (braun)wirklich der Knaller ist verglichen mit aneren Ölaktien (Hier: Canadian Natural Resources - schwarz) ?

[investit]

kosto

sicher wird es aktien geben, die besser laufen, aber ich sehe cano als long-term investment an, meines erachtens ist es aber auch nur ne frage der zeit bis die los legen. vor allem, wenn sie die probable reserves in proven umwandeln können - dann wäre der wert der reserven auf einen schlag 4,5x höher als die market cap jetzt ...

[investit]

vor allem: wenn ist canadian natural ja schon gelaufen, während es bei cano erst los geht ...

[HelddesAlltags]

Commodity Stocks Investor

Den Vogel schoss kürzlich Ixis CIB ab. Die
Investmentbank der französischen Sparkassen kann sich 2015 einen Preis von 380 Dollar vorstellen. Zum Vergleich
zogen die Franzosen die Ölpreisschocks der 70er-Jahre heran. Auch wenn das eine äußerst kühne Prognose
ist, scheint klar: Setzen Sie weiter auf die aussichtsreichsten Gewinner der Ölknappheit. Zum Beispiel:

CANO PETROLEUM spülte Ihnen seit unserem Zugriff
fast 50 Prozent ins Depot! Ende November vergangenen
Jahres hatten wir Sie erstmals auf diese Gesellschaft hingewiesen
– damals noch zum Preis von 3,10 Euro. Dass selbst der
seitherige Kursanstieg noch lange nicht das Ende der Fahnenstange
ist, zeigt nicht nur ein Blick auf den Chart, der einen
baldigen Ausbruch signalisiert. Auch fundamental sieht die
Lage rosig aus, denn die Gesellschaft aus Texas verfolgt eine
hoch interessante Nischenstrategie: Man fokussiert sich ausschließlich
auf die Ausbeutung älterer, bereits erschlossener,
aber zwischenzeitlich stillgelegter Erdöl- und Erdgasvorkommen
in den USA, die dank neuer Technologien und hoher
Ölpreise wieder profitabel betrieben werden können. Um sich
keinem Wettbewerbsdruck auszusetzen, nimmt man nur solche Gebiete ins Visier, bei denen die Großen der
Branche aufgrund ihrer Strukturen nicht konkurrieren können. Einen Wettbewerbsvorteil sichert sich CANO vor
allem durch die Alkaline-Surfactant-Polymer (ASP)-Technik, die sich als besonders kostengünstig erwiesen hat.
Dabei handelt es sich um eine Kombination von chemischen Zusätzen, die sich als effiziente Methode für die
Maximierung der Ölausbeute im Anschluss an die erste Wasserflutung bewährt hat. Blicken wir auf die Assets:
CANO verfügt über vier Öl- und Gasliegenschaften
mit nachgewiesenen Reserven im Wert von 33,6 Millionen
Dollar! Der Wert der möglichen Reserven beläuft
sich gar auf etwa 450 Millionen Dollar. Und die will man
aggressiv abbauen: Dazu soll die aktuelle Produktion von
420 Barrel pro Tag in den kommenden zwei Jahren verzehnfacht
werden. Bedenkt man, dass in den von den
Majors zurückgelassenen Ölfeldern noch bis zu zwei
Drittel des schwarzen Goldes schlummern, scheint dieses
Ziel nicht zu hoch gegriffen. Für die nötigen Finanzmittel
zur Expansion sorgt eine nicht bindende Vereinbarung
mit Petrobridge Investment Management, die eine dreijährige
Kreditfazilität über bis zu 100 Millionen Dollar
sichert. Weiteres Plus: Seit Anfang Mai ist die Firma auch an der New Yorker Amex notiert und erscheint damit
zusätzlich auf dem Radar der Großanleger. Barclay Nash nennt ein Kursziel von 8,30 USD – legt dabei aber
einen Ölpreis von gerade einmal 35 Dollar zugrunde (Kurs aktuell 4,30 Euro, WKN A0B5TJ)

[investit]

Press Release Source: Cano Petroleum Inc.

Phase II Testing Yields Positive Results at Cano Petroleum`s Nowata Field
Wednesday July 20, 10:00 am ET


FORT WORTH, Texas, July 20 /PRNewswire-FirstCall/ -- Cano Petroleum Inc. (Amex: CFW - News) announced today that the second of three phases of laboratory testing to evaluate enhanced oil recovery (EOR) of its Nowata Field has been completed, yielding positive results. The linear core test results indicate that Alkaline-Surfactant-Polymer (ASP) flooding could potentially recover up to an additional 34% of the 58 million barrels original oil in place (OOIP) at the Nowata Field, located in northern Oklahoma.
"Although testing of Nowata is not complete, we are very encouraged with the Phase II results and feel we can deliver a successful chemical flood to much of the 58 million barrels OOIP at Nowata," said Jeff Johnson, chairman and chief executive officer of Cano.

ASP flooding is an enhanced oil recovery technique that can be employed to recover additional oil that is left behind after primary and secondary methods are either exhausted or no longer economical. ASP uses low concentrations of surfactants, polymers and other additives that are added to the waterflood operations already in place to "clean" stubborn or hard to reach oil from the rock, much like soap in a greasy pan.

In separate testing, a thorough experimental suite has narrowed the chemicals that will make up the Nowata ASP flood from several dozen possibilities to a promising few. These candidates will be used in the Phase III laboratory testing in radial corefloods. Radial coreflood testing will measure the effectiveness of the mixture in contacting more of the reservoir by flooding the ASP chemical solutions out from a center point, similar to an injection well in the field.

Phase III testing is expected to be completed within 60 to 90 days and should produce a viable flooding mixture for Nowata. Following the successful completion of Phase III, Cano will begin construction of an ASP pilot facility at Nowata.

Cano has three assets totaling 208 million barrels OOIP that meet specific criteria for chemical EOR, including its Davenport and Nowata Fields in Oklahoma, and its Desdemona Field in Texas. Cano acquired the Nowata Field on Sept. 14, 2004.

ABOUT CANO PETROLEUM:

Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano`s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at http://www.canopetro.com .

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of natural resource prices, product demand, market competition, and risks inherent in our operations. These and other risks are described in our Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.




--------------------------------------------------------------------------------
Source: Cano Petroleum Inc.

[investit]

unten mal nen link zu ner animation (Wasserflutung), das ist die normale geschichte. mit cano`s asp-prozess wird die ölquote erhöht, indem man dem wasser verschied. chemikalien zufügt:

http://www.canopetro.com/media/CanoWaterFlood.avi

[HelddesAlltags]

Canos Slogan ist: Producing Oil for the U.S. in the U.S. - dürfte gefallen, da in USA-Land immer wieder vor der Gefahr zu hoher Ölimporte gewarnt wird

Search for Crude Comes With New Dangers
U.S. Strategic and Diplomatic Thinking
Adjusts to Handle Hot Spots With Oil Potential
By JOHN J. FIALKA
Staff Reporter of THE WALL STREET JOURNAL
April 11, 2005; Page A4

Few U.S. motorists need give a thought to bomb-wielding terrorists in the Caucasus or the rifle-toting Urhobo tribe in the oil-rich delta of Nigeria.
But to national-security planners, diplomats, oil companies and energy planners, they are becoming critical components in the increasingly difficult and risky game of bringing new oil supplies to market.

In the coming years, the flow of oil is expected to be challenged by terrorism, increasing demand, a limited U.S. refining capacity and little spare production world-wide, especially as the thirst for oil grows in China and India.

Twenty years ago, new oil was coming to the U.S. from Alaska or offshore platforms near Norway and the United Kingdom -- all places with reliable security forces and stable governments. The oil supplies expected over the next two decades are coming from or moving through some of the least stable and most corrupt areas in the world.
As a result, long-neglected regions such as West Africa are rising in importance to U.S. policy makers. Emerging countries around the Caspian Sea are attracting new attention, too, as is the tense U.S. relationship with Venezuela`s leftist government.

Further complicating matters is the struggle emerging between the U.S. and a dollar-rich, oil-hungry China seeking influence and presence in such regions. China`s efforts to secure supplies of oil in Africa and Asia could reduce amounts available to the global market, according to Robert Hormats, a former senior State Department aide who is now vice chairman of Goldman Sachs International. He spoke before a House committee on the subject last week.
U.S. officials are particularly worried that China`s oil companies are pumping up the economies of countries like Iran and Sudan, despite trade sanctions for alleged state-sponsored terrorism that make them off-limits for some Western companies. "Our ability to chase out radicals with sanctions is eroding," warned Chas Freeman, a former assistant secretary of the Defense Department, at a recent symposium on the issue.
The military is paying more attention to emerging oil regions as the country plans for possible disruptions in supply. Over the next decade, the U.S. plans to spend $100 million on the Caspian Guard, a network of police forces and special-operations units in the Caspian Sea region that can respond to various emergencies, including attacks on oil facilities.

The Defense Department`s European Command, based in Stuttgart, Germany, is coordinating the multiagency effort and helping to train forces to protect a new pipeline that will bring oil from rigs in the Caspian Sea through the Caucasus to Ceyhan, a Turkish port on the Mediterranean, starting later this year.
The Caspian Guard, launched in the fall of 2003, will include a radar-equipped command center in Baku, Azerbaijan. That center will give the Azeri government the capability, for the first time, of monitoring shipping activity near the many oil rigs in the Caspian. The Caspian Guard also will be useful in coping with drug and arms smugglers, says Col. Mike Anderson, chief policy planner for the European Command.

Most of the oil from this area will be absorbed by markets in Europe, not the U.S. But any blockage in flows likely would generate a surge in oil prices that would register on gas pumps in the U.S., the world`s largest oil consumer. "There is not a lot of excess capacity in the entire international market," says Col. Anderson, "so if there is a threat to the Ceyhan pipeline, it will ultimately affect us."

The U.S.`s European Command also is looking at West Africa. In October it hosted a meeting that included naval leaders from Nigeria, Angola, Cameroon, Guinea and Ghana to discuss possible joint efforts to protect oil facilities in or near West Africa`s Gulf of Guinea. The area supplies 14% of U.S. oil imports, up from 8% two decades ago. Some experts say offshore oil discoveries could raise that to 20% within a decade.
The African group had much to discuss, including terrorism, local wars and massive oil thefts by well-armed criminal gangs in Nigeria. But so far there is no plan for a regional "Guinea Guard."
"It`s a tougher nut to crack there," says Col. Anderson. He says the U.S. hopes for more anticorruption efforts from governments in the region before such a force can be organized.

Oil from the West Coast of Africa is in high demand by international oil companies. It is light and low in sulfur, much like the Texas crude that refineries along the East Coast of the U.S. were designed to process. And unlike the oil-producing nations of the Middle East, where cash-rich governments are discouraging more Western investment, West African nations are hungry for oil and natural-gas deals.
Two players raising the stakes in this game are China and India, whose increasing thirst for oil has helped propel oil prices. Their rapid economic growth -- and desires to fill Strategic Petroleum Reserves modeled on the U.S. emergency stockpile in the Gulf of Mexico -- are expected to spur more buying soon to protect them against oil shocks.

Government-owned oil companies from China and India have formed partnerships to produce oil in Iran and Sudan. They also are scouring Africa and the world for more reserves. "We have had a skewed dependence on the Middle East and one is always trying to diversify their sources of oil and gas," says Debnath Shaw, an Indian oil expert.
Both countries also are working on joint oil-production agreements with Venezuela, a major exporter to the U.S. That has emboldened Venezuelan President Hugo Chávez to amplify his political attacks on the U.S. In February he claimed the Bush administration may be planning to assassinate him. If he should be killed, Mr. Chávez warned in a radio broadcast, President Bush "can forget about Venezuelan oil."

All three of China`s state-owned oil companies have made repeated visits to Canada, which has been the chief source of imported oil for the U.S. for the past six years. One deal under discussion, according to Murray Smith, the former energy minister of Alberta, is an 800-mile pipeline that would carry crude oil from Alberta`s booming tar-sands region to a port in British Columbia, where it could be exported to China. Canada customarily exports about 95% of its oil to the U.S.

What this means to the U.S. oil-security picture and its economy has computers in the Department of Energy whirring. Planners are revising eight-year-old computer models used to predict supply disruptions to account for the new world.

"A lot has happened since 1997," says Lowell Feld, a world-oil-market analyst for the agency`s Energy Information Administration. Older models assumed a more tranquil world in which every U.S. refinery got just the type of oil it needed. Says Mr. Feld, "It was too simple."

[investit]

und, bekommt jemand texanisches Radio rein?

Press Release Source: Cano Petroleum


Cano Petroleum CEO to Appear on "Corporate Strategies With Tim Connolly" Sunday, July 31st at 9:30 pm EDT
Friday July 29, 9:00 am ET


HOUSTON, TX--(MARKET WIRE)--Jul 29, 2005 -- Mr. Jeffrey Johnson, CEO of Cano Petroleum (AMEX:CFW - News), will appear Sunday night, July 31st at 9:30 pm EDT on "Corporate Strategies with Tim Connolly." Johnson will discuss an overview of Cano`s business. Recent guests have included Enterprise Products CEO Dan Duncan, Celgene`s CEO John Jackson, Landry`s CEO Tilman Fertitta, Mario Gabelli, former SEC Chairman Arthur Levitt, former Compaq CEO Eckard Pfeiffer, Money Manager Louis Navellier, and many others. Listeners may call in questions live and toll free to Tim Connolly at 1-866-606-TALK (8255). The Business Talk Radio Show may be heard on KSEV AM 700 in Houston, WGCH AM 1490 in Greenwich, Connecticut, WSBR AM 740 in Boca Raton, Florida, and on over 400 affiliate stations nationwide listed at CRN1 www.cableradionetwork.com, or on the Internet at www.businesstalkradio.net. This hour of "Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net). Noted Economist Mike King of Princeton Research provides live technical analysis for the show.
About Cano Petroleum

Cano Petroleum, Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano`s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at http://www.canopetro.com.

About Corporate Strategies, Inc.

Corporate Strategies, Inc. (www.corporate-strategies.net) is a Merchant Bank in the traditional European sense of the word. As the term has evolved from the 18th Century to today, Merchant Banking describes an enterprise that not only finances a company`s product or service, but also assists in developing a comprehensive business strategy. Corporate Strategies is comprised of seasoned executives with extensive experience in merchant banking, including business development and strategy, public and private company corporate finance, capital markets research, human resources, due diligence and transaction negotiation and execution.

"Corporate Strategies with Tim Connolly" is live talk radio... with the Titans of Business who move financial markets! The show is hosted by Tim Connolly, CEO of Merchant Banker Corporate Strategies, Inc. The Executive Producer of the show is broadcast news veteran Jan Carson, an award winning journalist with more than 20 years experience as a top rated television news anchor and reporter for NBC, ABC and CBS network affiliates. "Corporate Strategies with Tim Connolly" features financial experts from across the nation providing the latest intelligence on equities, income investments, and a variety of risk, equity and option strategies.



Contact:
Contact:

Karyn Breeckner
Corporate Strategies, Inc.
713-621-2737
Email Contact

For investor inquiries, contact:
Craig Scott
Director of Capital Markets
Cano Petroleum, Inc.
817.475.0000
Email Contact

For media inquiries, contact:
Kenneth Kracmer
Michael & Partners
972-716-0500 ext. 15
Email Contact



--------------------------------------------------------------------------------
Source: Cano Petroleum

[investit]

Die Welt

Nervöser Ölmarkt nach Tod von König Fahd
Preis des Rohstoffs steigt auf über 61 Dollar - Aktienindex in Riad gibt deutlich nach

Berlin - Auch in der aufgeklärten, globalisierten Welt kann der Tod eines Königs Märkte in Aufregung versetzen. So geschehen zu Wochenbeginn, als das Ableben des saudi-arabischen Monarchen Fahd die Energiepreise in die Nähe eines Allzeithoch trieb. In den USA stiegen die Notierungen für Öl der Sorte WTI auf über 61 Dollar je Barrel (159 Liter).


"Zwar rechnet niemand ernsthaft damit, daß sich die Machtverhältnisse im weltweit wichtigsten Ölförderland grundlegend verschieben, allerdings sind die Rohstoffmärkte extrem nervös und reagieren äußerst sensibel auf jedes Ereignis", sagt Fadel Gheit, Fondsmanager bei Oppenheimer in New York.


Tatsächlich ist Saudi-Arabien mit weitem Abstand der größte Ölexporteur und verfügt über die umfangreichsten Petroleumreserven der Welt. Täglich werden 9,5 Mio. Barrel gefördert. Mit einer Produktion von nicht einmal sieben Mio. Barrel folgt Rußland auf Platz zwei. Der Drittplazierte Iran pumpt pro Tag vier Mio. Barrel.


Auch in dem wichtigen Ölkartell Opec, das wiederum 40 Prozent der globalen Ölversorgung abdeckt, spielt das Königreich eine zentrale Rolle. Was der saudische Energieminister sagt, ist in der Organisation fast schon Gesetz.


Saudi-Arabien hat als einziger Opec-Produzent freie Kapazitäten, um in Krisenfällen die Ölförderung und -exporte rasch aufzustocken. Damit spielt das Land in den internationalen Ölmärkten und bei der Deckung der steigenden weltweiten Ölnachfrage die Schlüsselrolle.


Um so verständlicher ist es, daß die Märkte beunruhigt sind, wenn sich in dem wichtigen Förderland politische Verunsicherung breitmacht. Diese ist nicht unbegründet. So werden Erinnerungen an das Ende der siebziger Jahre wach, als der persische Schah aus seinem Land floh und die islamischen Revolutionäre um den Ajatollah Chomeini das Ruder übernahmen. Die Situation im Lande ist alles andere als stabil. Die Wirtschaft befindet sich nach einer Analyse von JP Morgan trotz der hohen Öleinnahmen im Rückwärtsgang, die politischen Reformen stecken fest, hinzu kommt der islamistische Terror, der ausländische Investoren abschreckt.


Ein Blick auf die Geschichte des Ölmarkts zeigt, was auf dem Spiel steht. Als im Februar 1979 Ajatollah Chomeini die Macht im Irak übernahm, verdreifachten sich die Ölnotierungen. Folge war die zweite Ölkrise, die sich in den westlichen Industrieländern als Konjunktureinbruch mit hoher Inflation äußerte.


Mit der politischen Unsicherheit in Saudi-Arabien sind drei der zehn wichtigsten Ölförderländer in der Golf-Region potentielle politische Krisenherde. Zusammen zeichnen das Königreich, der Iran - wo sich der Atomstreit mit dem Westen zuzuspitzen droht - und der Irak für knapp ein Fünftel des globalen Ölbedarfs verantwortlich. Experten sind sich einig: Ein Wegfall oder Einbruch der dortigen Produktion könnte verheerende Folgen haben. Erst zuletzt hat die Explosion einer Raffinie den Ölpreis nach oben schnellen lassen.


Doch nicht nur die Energiemärkte regierten beunruhigt auf den Tod des Monarchen, der als prowestlich galt, sondern auch der örtliche Aktienmarkt. In Riad sackte der Tadawul All Share Index am Montag vorübergehend um sechs Prozent ab. Am Nachmittag wies das Börsenbarometer noch ein Minus von 1,1 Prozent auf. "Für einige Investoren sind die Aktienverkäufe eine Sicherheitsmaßnahme, weil die Börse aus Gründen der Pietät wahrscheinlich für einige Tage geschlossen wird", so Haissam Arabi, Geschäftsführer von Shuaa Capital in Dubai.


Der Tadawul-Index hat dieses Jahr 71 Prozent gewonnen und spiegelt den Optimismus wider, daß die Ölpreishausse Wirtschafts- und Gewinnwachstum ankurbeln wird. Ausländische Investoren können nur über Investmentfonds in saudi-arabische Aktien investieren. dde/hz.




Artikel erschienen am Di, 2. August 2005

[HelddesAlltags]

na endlich auch mal wieder richtig bewegung in den USA heute

July 24, 2005, latimes.com
Squeezing Oil From Deserted Wells
• Independent companies use specialized techniques in fields where `low-hanging fruit` is long gone. With prices at $60 a barrel, the intensive effort can pay off.

By Dana Calvo, Special to The Times
FORT WORTH — Engineers who specialize in finding leftover pockets of oil are the Zen masters of the oil industry.

They know they`ll never hit the big strike, and that`s all right. Instead, they methodically and patiently flush petroleum from wells that have long since been abandoned by the energy giants.
" We go out to these large fields where the big companies took the low-hanging fruit," said Jeff Johnson, chief executive of Fort Worth-based Cano Petroleum. " In our blue-collar way — it`s not sexy — but we`re bringing these fields back to life."

Cano is one of 5,000 independent oil companies that are picking up the scraps left behind by larger corporations using expensive and risky techniques that the industry calls " enhanced oil recovery" — EOR for short — on old, low-production wells. For every barrel of oil produced in the United States there are two barrels left behind, and with a per-barrel pricetag of nearly $60, the hunt becomes even more lucrative.

With U.S. oil production on the decline, and energy from alternative sources still a small part of the supply picture, experts are pulling for companies such as Cano.

" Renewable energy is a great idea, but the fact is that we`re not there yet," said Alesha Leemaster, spokeswoman for the Interstate Oil and Gas Compact Commission, which represents the governors of states that produce oil and natural gas. " It`s so important that we get those extra resources out of the ground."

This spring, Cano acquired a field in Central Texas that was abandoned nearly 20 years ago. Wooden derricks that littered the storied Desdemona site during its oil-boom heyday of the 1920s had long since been sold for firewood when Johnson laid down $8 million for the field, which covers more than 10,000 acres.

Today, Johnson`s company is using enhanced recovery techniques to pull 80 barrels of oil a day from Desdemona`s 60 wells, or about 1.3 barrels per well. These are known as stripper wells — wells that yield less than 10 barrels of oil a day — and Desdemona is riddled with them.

" Stripper wells are huge in this country," said Jeff Eshelman, spokesman for the Independent Producers Assn. of America. " They`re the equivalent of what we import from Saudi Arabia each year."

In 2003, according to the most recent data available, the nation`s 393,463 stripper wells produced 313 million barrels, or about 15% of domestic, onshore oil production in the contiguous 48 states. Most of the country`s stripper wells are in Texas, Oklahoma and California, with half of California`s 42,000 oil wells classified as strippers.In contrast to the stripper wells` output, many larger wells that are being worked over by the likes of Chevron Corp. yield more than 100 barrels a day, according to Iraj Ershaghi, director of the Center for Interactive Smart Oilfield Technology at USC.

" There are going to be more and more companies looking at" enhanced oil recovery, Ershaghi said. " The new enhanced oil recovery processes were not put into practice in the `80s and `90s because it wasn`t cost-effective — they were expensive processes and oil was affordable. But now, you have to explore different environments or revisit mature fields."

But not everyone is convinced enhanced recovery on these stripper wells can have much effect on the nation`s oil production.

" The problem with a lot of these things, it`s actually very small numbers in the grand scheme of things," said Leta Smith, senior consultant for IHS Energy, an oil and gas consulting service.

Johnson, who in a former career raised financing for energy projects, has heard the doubts for years. After all, he founded Cano in 1999, just before the price of oil crashed to $10 a barrel.

Even when critics said it was too expensive and not profitable, Johnson continued to gear Cano entirely toward enhanced recovery from proven fields.

" They said, `Why isn`t anyone else doing it?` " he said.

Now, the Lubbock native is heading a 14-person company with $17 million in assets, 3.6 million barrels of proven reserves, and no long-term bank debt. He is also in charge of properties on which there is no exploration risk: All Canos wells once were proven producers.

In a corporate rite of passage, Johnson rang the opening bell of the American Stock Exchange on July 12. Cano went public last year and in May migrated to the Amex.

There are a variety of methods by which to grab hold of remaining oil pockets in a well. Companies pump carbon dioxide, water or steam into old wells to push more oil out of the rock and up to the service. Sophisticated computer simulations can spot caches of oil hidden inside rock that can then be accessed by drilling out from a nearby well.

Cano mostly relies on a process known as alkaline-surfactant-polymer, which is used to get the last 16%-25% of oil out of the rock.

First, the wells are flooded with water and then a soap-like chemical is pumped underground that loosens the oil molecules from the rock — like dishwashing soap prying greasy residue off a lasagna pan. Finally, the oil is separated from the water and sucked up out of the ground. Sometimes, engineers actually use an industrial-sized vacuum to pull the hard-to-get oil caches out.

Using this technique, Cano`s 2,601-acre field in Nowata, Okla., is producing 77,000 barrels of fluid a day, out of which the company is pulling 250 barrels of oil daily. " This isn`t thick and tarry oil," said John Lacik, Cano`s production, safety, health and environmental coordinator. " It`s real pretty, greenish-gold and real lightweight."

Cano`s active fields are mainly in Texas and Oklahoma, and the company is on the prowl for more. " There are good opportunities in California, and we`re looking at acquisitions there," Johnson said.

Johnson estimates that Desdemona has almost 100 billion barrels of oil in place, waiting for advanced extraction strategies.

Enhanced recovery isn`t foolproof, though. In its stock prospectus, Cano warns investors that the volume and present value of its reserves " may prove to be lower than we have estimated." The prospectus also says Cano faces " strong competition from larger oil and natural-gas companies, which makes it difficult to conduct profitable operations." The company is not yet profitable. For the nine months ended March 31, it reported a $2.1-million loss on revenue of $3.8 million.

Another difficulty for the enhanced recovery industry is the shortage of specialists. In recent years, natural gas became the industry`s darling. So even though enhanced recovery training remains a requirement for undergraduate petroleum engineers, few have been exposed to actual implementation of the process.

Enhanced oil recovery " takes specialized training," Smith said. " It`s going to take a little bit of effort on somebody`s part to bring in a consultant to do certain types of EOR."

That leaves two types of enhanced recovery specialists in the market: recent graduates who have scant job experience or veterans of enhanced oil recovery — and there are few old hands available. Cano managed to lure its vice president of operations and engineering, Tom Cochrane, away from Exxon Mobil Corp. last year.

" I have an expertise in mature oil properties," he said on a recent afternoon at Cano`s office in downtown Fort Worth. " And it was either learn some new tricks or go someplace where they value my expertise."

Copyright 2005 Los Angeles Times

[investit]

Oil Advances to Record on Concern Demand May Outpace Supplies
Aug. 3 (Bloomberg) -- Crude oil rose to a record for a second day this week as refinery shutdowns and a forecast predicting more hurricanes this year than earlier expected heightened concern fuel supplies may be strained to meet fourth-quarter demand.

A U.S. Energy Department report today may show gasoline inventories, already at an eight-month low, fell by 800,000 barrels last week, according to a Bloomberg survey. Oil may rise to $70 a barrel this year because demand is growing faster than supply, Iran`s deputy oil minister said today.

``The market is still very worried about the fourth quarter of this year and the tightness of the product market,`` Michael Lewis, London-based head of commodities research at Deutsche Bank AG, said in an interview from Tokyo. The probability of the December crude contract exceeding $75 in New York when it expires has risen to 25 percent from 21 percent a month ago, he said.

Crude for September rose 54 cents, or 0.9 percent, to $62.43 a barrel on the New York Mercantile Exchange at 12:25 p.m. London time. The price has almost doubled from two years ago. Oil has climbed in eight of the past nine sessions.

The main ``reason for the oil price is that demand is higher than supply and increasing supply of crude oil takes time,`` Hadi Nejad-Hosseinian, the Iranian deputy oil minister told reporters in New Delhi.

Brent crude for September settlement added as much as 57 cents, or 0.9 percent, to $61.19 a barrel, the highest since oil futures started trading on London`s International Petroleum Exchange in 1988.

Iran, which pumped 3.94 million barrels a day last month, is the second biggest producer in the Organization of Petroleum Exporting Countries, according to Bloomberg data. The 11-member producer-group pumped 30.1 million barrels a day in June.

Increasing Consumption

OPEC, the source of more than a third of the world`s oil, is pumping almost as much as it can as output declines from countries not belonging to the group, including the U.S. and the U.K. Production growth in Russia, which has led gains in non-OPEC supplies in the past five years, is slowing, raising concern that demand growth will strain producers.

In the fourth quarter, the International Energy Agency predicts that consumption will climb to a record 85.9 million barrels a day. That`s the equivalent of burning the content of about 43 supertankers every day.

``There`s potential in the future for production to be stretched,`` said Sam Tilley, an analyst with Sucden U.K. Ltd., a London broker. ``No major oil fields have been found recently. There`s a worry that output is going to drop off.``

Every crude contract on Nymex through December 2011 is trading above $60 a barrel, the highest one being for March 2006, which peaked today at $65.04.

Output from OPEC reached 30.1 million barrels a day in June, according to Bloomberg data. That`s close to a 30.54 million a day peak in October, the highest since 1979, based on U.S. Energy Department records.

Refinery Concern

The group can only increase production by about 2 million barrels a day, Ann-Louise Hittle from Wood Mackenzie Consultants Ltd. in Boston, said this week. Most of that reserve capacity is held by Saudi Arabia, OPEC`s biggest member.

Concern about production has crossed into the refining industry as demand for fuels such as diesel surges. Refiners may be strained to meet summer gasoline demand and store sufficient heating fuel for the Northern Hemisphere`s winter.

``There`s also a worry about refining capacity because demand is growing for oil products and output isn`t rising as fast,`` Sucden`s Tilley said.

U.S. crude oil inventories probably fell after a series of hurricanes and storms in the Gulf of Mexico last month. Supplies may have declined by 1.3 million barrels in the week ended July 29, based on the median forecast of 15 analysts in the survey.

Stocks `Quite High`

The U.S. Energy Department is scheduled to release its weekly inventory report today at 10:30 a.m. Washington time. Supplies of distillates, which include heating oil and diesel, probably rose by 2 million barrels, according to the survey. That would be the 11th successive weekly gain. Supplies were 4.6 percent above their five- year seasonal average in the week ended July 22.

``Distillate stocks are quite high,`` Tilley said. ``There`s apprehension in the market ahead of today`s figures, but prices can`t last long`` at these levels.

This year`s hurricane season may produce as many as 21 tropical storms and 11 hurricanes, officials at the U.S. National Oceanic and Atmospheric Administration, said yesterday. That is up from a May forecast that predicted as many as 15 storms and nine hurricanes. Hurricane Emily, which struck Mexico two weeks ago, was the second since the season began June 1.

Seven named storms have appeared so far in this year`s Atlantic hurricane season, which runs through November. Six have entered the Gulf of Mexico, where Mexican and U.S. fields produce about 5 million barrels of oil a day, or 6 percent of global output.

Valero, Exxon

Valero Energy Corp., the third-largest U.S. oil refiner, said a crude-processing unit at its St. Charles refinery will resume operations today, two days later than planned.

Exxon Mobil Corp., the world`s largest publicly traded oil company, shut its Joliet, Illinois, refinery on July 30 because of a failure of the water cooling system. BP Plc shut a unit at its Texas City, Texas, refinery on July 31 for maintenance.

U.S. refiners have used more than 90 percent of their plant capacity since March to keep pace with rising demand. Capacity utilization reached 98.1 percent in the week ended July 1, the highest since January 1999, according to Energy Department data. Refiners probably used 94.5 percent of their plants last week, according to the analyst survey.

The U.S. consumes about a quarter of the world`s oil, and uses about a 10th of the global supply for making gasoline. Daily gasoline demand in the four weeks ended July 22 averaged 9.5 million barrels, up 1.6 percent from the year before, the Energy Department said last week.



To contact the reporter on this story:
Alejandro Barbajosa in London at [e-mail]

Last Updated: August 3, 2005 07:28 EDT

[HelddesAlltags]

hier is ja richtig was los heute vergleichsweise mein ich jetzt in bezug auf ff

in den usa schon seit tagen super :

[klipperklapp]

Neuer iranischer Präsident verschreckt Öl-Branche
Barrel-Notierungen steigen auf knapp 63 Dollar - Experten sehen bei Energie-Aktien immer noch Einstiegschancen
Berlin - Die Ölmärkte sind momentan fest im Griff der politischen Ereignisse. Zu Wochenmitte führte die Amtseinführung des iranischen Staatschef Mahmud Ahmadinedschad dazu, die Energienotierungen auch in Europa auf einen Rekordstand zu treiben. Ein Barrel der Nordseesorte Brent kletterte auf 61,20 - US-Öl stieg sogar bis auf 62,5 Dollar.


"Angesichts der angespannten Situation fürchten die Märkte jeden noch so kleinen Produktionsausfall", sagt Michael Lewis, Analyst der Deutschen Bank. Die Wahrscheinlichkeit, daß die Notierungen an den Terminmärkten die 75-Dollar-Marke übersteigen, habe sich erhöht.


Am Montag hatte bereits der Tod des saudischen König Fahd für Verunsicherung gesorgt und die Notierungen für das Schwarze Gold nach oben getrieben. Saudi-Arabien ist mit weitem Abstand der größte Ölexporteur und verfügt über die umfangreichsten Petroleumreserven der Welt. Täglich werden 9,5 Mio. Barrel gefördert. Mit dem politischen Machtwechsel im Iran rückte nun ein weiterer Golfstaat ins Blickfeld. Immerhin pumpt das Land täglich vier Mio. Barrel, und ist damit das drittgrößte Förderland. Viele Experten fürchten, daß ein härterer Kurs des neuen Präsidenten und die Wieder-Inbetriebnahme der Atomanlage Isfahan langfristig die Gefahr einer militärischen Auseinandersetzung in der Region erhöhen. Die größere Unsicherheit dürfte darüber hinaus, westliche Konzerne nicht gerade dazu animieren, in die Erschließung neuer iranischer Ölfelder zu investieren. Und damit würde sich die Situation auch langfristig nicht nachhaltig entspannen.


Verschärfend kamen am Mittwoch Störungen in mehreren US-Raffinerien hinzu. Gleich drei große Raffinerien in den USA mußten für Reparaturen geschlossen werden. Der Benzinmarkt jenseits des Atlantiks ist aber sehr eng, weil die gesamte US-Raffineriekapazität gerade so ausreicht, um die autobegeisterten US-Bürger mit Benzin und Diesel zu versorgen. Wenn es zu Ausfällen kommt - noch dazu in der Ferienzeit - befürchten Marktteilnehmer schnell Lieferengpässe, die zu Preissprüngen führen würden. Außerdem hat der US-Wetterdienst vor neuen Wirbelstürmen gewarnt, die die Ölförderung im Golf von Mexiko beeinträchtigen könnten. Auch ein Einbruch der wichtigen US-Lagerbestände um vier Mio. Barrel gab den Notierungen einen kräftigen Schub nach oben. Händler hatten lediglich mit einem Rückgang um 800 000 Barrel gerechnet.


Angesichts immer neuer Rekordstände heben die Analysten nach und nach ihre Prognosen nach oben an. So prognostizieren die Experten der UBS für dieses Jahr einen durchschnittlichen Ölpreis von 54 Dollar. Bislang waren die Profis noch von 48 Dollar pro Faß ausgegangen. Auch die Analysten der Deutschen Bank erwarten dauerhaft höhere Energiepreise. Sie rechnen im dritten Quartal mit durchschnittlich 60 Dollar je Barrel und 55 Dollar in den Monaten Oktober bis Dezember. Für 2006 erhöhten sie die Prognosen von 37 auf 48 Dollar gleich um 30 Prozent.


Als Folge sehen die meisten Analysten trotz der Hausse bei den Ölaktien weiterhin günstige Einstiegschancen in den Sektor. So verweisen die Experten der Deutschen Bank darauf, daß Öltitel im Vergleich zum Gesamtmarkt genauso niedrig wie im Jahr 2000 bewertet sind. Der Unterschied nur: Damals notierten die Preise für das Schwarze Gold bei zehn Dollar und damit einem Sechstel der jetzigen Kurse. Auf der Kaufliste der Deutschbanker finden sich ChevronTexaco, Total, Royal Dutch, Conco, Occidental und Amerada.


Daß die Bewertungen der Öl-Unternehmen noch immer günstig sind, zeigt auch die Übernahmewelle, die sich momentan in der Branche abspielt. Erst kürzlich schluckte der französische Konzern Total den kanadischen Player Deer Creek für knapp eine Mrd. Euro und ChevronTexaco schickt sich an, die Fusion mit Unical zu finalisieren.


Tatsächlich haben die meisten Analysten in ihren Gewinnschätzungen noch Ölnotierungen von 33 Dollar je Barrel eingearbeitet. Jeden Tag, den das Schwarze Gold höher notiert, bringt damit auch automatisch Anpassungen nach oben mit sich.


Artikel erschienen am Do, 4. August 2005

[HelddesAlltags]

The Christian Science Monitor
from the August 08, 2005 edition - http://www.csmonitor.com/2005/0808/p01s01-uspo.html

How much new US oil? Not a lot.
The energy bill becomes law Monday, but won`t spur exploration.
By Kris Axtman | Staff writer of The Christian Science Monitor

HOUSTON - With alternative energy sources decades from supplying US needs, motorists fretting over the cost of their next fill-up are left to wonder if America will ever wean itself from foreign oil.

The long-awaited energy bill was supposed to do much to push up domestic oil and gas production, but as President Bush signs the legislation Monday in New Mexico, it would appear that a dramatic boost in new US fossil-fuel supplies is unlikely.

One reason is that domestic drilling is already proceeding at a rapid clip, spurred on by a market in which oil is selling for more than $60 a barrel. Another is that much of what`s known to be in the ground is running out or hard to reach. As for what`s not known, the energy bill did not open up a lot of new territory to exploration.

Some say Congress should have done more to encourage production and cut US dependence on imported oil - now almost 60 percent of total consumption. Others say the energy legislation does that, not by opening up huge tracts for drilling onshore and offshore, but by focusing half of the bill`s $11.5 billion in subsidies on renewable energy, such as wind and solar power.

"Although it`s not going to change the shape of our energy future, it takes some good fundamental steps," says Bill Stevens, executive vice president of the Texas Alliance of Energy Producers, in Abilene. "It spreads the money or incentives around between renewables, hydrogen, nuclear, coal, oil, and gas. And hopefully that will give us a firm basis from which to increase our overall energy production."

Make no mistake about it, American oil companies are exploring, drilling, and extracting as fast as they can. Last year, for instance, the rig count grew by more than 10 percent over 2003. But the impetus is $60-a-barrel oil, not legislation.

Still, as the easy oil runs out, getting to the difficult oil is becoming more expensive. Houston-based Rowan Cos., for instance, is currently drilling a well on the Gulf of Mexico`s shallow-water shelf that will reach 32,000 feet to the sub-sea floor. It will take a year to complete and $100 million to construct.

"The technology of oil and gas drilling in the Gulf of Mexico is advancing fast, but the costs in the [hard-to-reach] frontier areas increased substantially," says Paul Kelly, senior vice president at Rowan, a drilling contractor.

Many of the energy bill`s economic incentives for drilling are targeted at the central and western Gulf of Mexico, which already supply 25 percent of the nation`s oil and 28 percent of its natural gas. The bill provides royalty relief for both oil drilling in deep water and deep gas drilling in the shallow-water shelf.

That will help Rowan`s customers, but Mr. Kelly says the bill does not go far enough and is too little, too late. Last week, for instance, his company said that it is sending five jack-up drilling rigs to the Persian Gulf under contract with a Saudi firm.

"Congress could have been more open-minded about opening up areas off our coast for exploration. We have an extremely long coastline, from Maine to Alaska, and basically we are only allowed to drill in the central and western Gulf of Mexico and offshore Alaska," he says. "The marketplace is demanding that we go internationally."

In all, $1.6 billion of the $11.5 billion in energy bill subsidies is earmarked for the oil and gas industry. Much of that is directed at encouraging unconventional methods of extraction, such as deep-water drilling and the production of coal-bed methane and oil shale. Enhanced oil recovery also got a boost, with the authorization of incentives for injecting carbon dioxide into old wells to increase their production.

Houston-based Anadarko Petroleum Corp. has an oil field in Wyoming that is more than 100 years old, and the company is using technology to "get the last drops," says Teresa Wong, manager of corporate communications. She points to this particular part of the bill as a positive step.

In addition to encouraging unconventional drilling, the new energy bill includes a few provisions to loosen constraints on conventional drilling. The land-use permitting process has been streamlined, hydraulic fracturing of wells has been exempted from the Safe Drinking Water Act (except for diesel fuels), and the regulation of storm-water discharges during the construction of facilities has been limited.

But in the end, industry experts say, incentives for increased production are minimal.

Others in the industry believe the government should butt out altogether. "I don`t like the government in private business," says Jeff Johnson, CEO of Cano Petroleum Inc., an oil and gas production company based in Fort Worth, Texas. "Your Microsofts of the world, your ExxonMobiles, your Ford Motor companies - none of these was built with government subsidies."

His enhanced oil recovery company has four old fields in Oklahoma and Texas that currently produce between 400 and 450 barrels of oil a day. With the help of new technology, he expects those same wells to yield 10,000 barrels of oil a day in the next three to five years.

The industry, says Mr. Johnson, is smart and strong and does not need help right now.

"At these current oil prices, there is more money floating around Wall Street looking for energy than I`ve ever seen," he says. "There are better places that those government dollars can go - people who are serving in the military, teachers, for instance."

[investit]

[GNawracala]

Crude Oil Rises to Record $64.27 a Barrel
Tuesday August 9, 4:10 am ET
By Gillian Wong, Associated Press Writer
Crude Oil Rises to Record $64.27 a Barrel in Asian Trading

SINGAPORE (AP) -- Crude futures climbed past the $64-a-barrel mark Tuesday, as the market continued to monitor events in Saudi Arabia after Britain and Australia warned of an increased threat of terror attacks there, a day after the U.S. closed its embassy and two consulates in the country, the world`s top oil producer.
Mid-afternoon in Singapore, benchmark light, sweet crude on the New York Mercantile Exchange reached an intraday high of $64.27 a barrel in Asian electronic trading before slipping to $64.20. That`s up 26 cents from Monday`s close of $63.94 a barrel in New York.

Gasoline rose marginally to $1.8580 a gallon while heating oil was up a cent at $1.8000 a gallon.

In London, September Brent crude futures on the International Petroleum Exchange clocked a record high of $62.96 a barrel in electronic trading, up 26 cents from Monday.

The run-up in prices in the last few days has been driven more by speculation and political concerns than by market fundamentals, analaysts said.

"It`s the geopolitical fear factor that`s driving the market now," said energy analyst Victor Shum at Texas-headquartered Purvin & Gertz in Singapore.

"The market is behaving rather unusually. It has been focusing on the same reasons in the past few days, selecting the bullish news while ignoring fundamental supply data to drive the market up," said Shum.

The British Embassy said Monday that the threat of terror attacks in Saudi Arabia was "high," while Canberra urged Australians not to travel there, saying they had received "credible reports" that terrorists were planning attacks against Western targets. Both countries advised their citizens living in Saudi Arabia to leave if possible.

The announcements came a day after the U.S. Embassy in Riyadh said it and two consulates would close Monday and Tuesday in response to security threats.

Prices have been supported by worries that recent U.S. refinery shutdowns -- at least seven in the past two weeks -- could significantly hurt supply. Barclays Capital estimated the outages affected 3 percent of U.S. refining capacity.

But Shum said U.S. gasoline inventories were only slightly lower than average and should not be threatening. Crude inventories, he said, remained at a level that was healthy enough to warrant a downward adjustment in prices, but market players were disregarding that.

The climb in crude prices on the back of potential security issues in Saudi Arabia reflects the skittish sentiment of a market facing tight supplies and growing demand. Any threats to oil supply in key exporting countries tends to spark buying sprees because of fears that prices could soar even higher in the near term, analysts said.

Meanwhile, heightened tensions between Iran and Europe over the restarting of Tehran`s nuclear program were also lifting oil prices.

The Middle East`s second-largest oil producer Monday said it restarted some uranium conversion activities, prompting Britain, France and Germany to call an emergency meeting of the U.N. nuclear agency on Tuesday to decide whether to seek U.N. sanctions against Tehran.

Iran insists its nuclear program is peaceful, but Washington accuses Tehran of covertly trying to build an atomic weapon.

Adjusted for inflation, the highest price crude has traded at is $94.77 in April 1980. Prices are 43 percent higher than a year ago.

Shum said the market would likely remain volatile in the near term.

"In the next few days, depending on how the geopolitical problems play out, it is possible the market would correct as players take profits," Shum said. "But for now, we certainly are in uncharted territory."

[GNawracala]

geht schon weiter
momentan 5,77 in den USA

[klipperklapp]

Ob das was mit dem Kurseinbruch zu tun hat? Obwohl ich nicht wüsste, wieso ...


August 16, 2005 01:55 PM US Eastern Timezone

Cano Petroleum Discusses SB-2 Filing, Presents at Oil & Gas Conference and Expects Third Phase Laboratory Testing Results

FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 16, 2005--On August 12, 2005, a Registration Statement on Form SB-2, as amended (SEC File Number 333-126167) of Cano Petroleum, Inc. (the "Company") (AMEX: CFW) was declared effective by the SEC. The Registration Statement registered 6,980,707 shares of the Company`s common stock. More than one-half of the shares were registered on behalf of third parties who either converted preferred stock to common stock or acquired common stock via private placement. The remaining shares were registered on behalf of directors, officers and employees of the Company. Most of these shares remain in escrow until July 1, 2006, or until specified performance criteria is met in the future. Although these directors, officers and employees are all listed as selling stockholders in the Registration Statement to potentially sell their shares, to the extent they presently have the right to do so, none of them currently intends to sell any of his or her shares in the near future. All of the shares covered by the Registration Statement are presently counted in the Company`s 20,352,757 shares outstanding.


On August 8, 2005, Jeff Johnson, CEO, presented an overview of the Company`s business at the 10th Oil & Gas Conference hosted by Enercom, Inc. in Denver, Colorado. This presentation and previous similar presentations are and have been on the Company`s website and include an estimate of proved reserves computed by our independent petroleum engineer, an internal estimate of our probable reserves, the PV10 of such reserves at $43.63 barrel oil, information regarding the Company`s properties and information regarding the Company`s enhanced oil recovery methods.

The Company previously announced on July 20, 2005, the completion of the second of three phases of laboratory testing to evaluate enhanced oil recovery of its Nowata Field yielding positive results. The Company has not received any results of the third phase of testing and expects to release the third phase results on or about September 30, 2005.

About Cano Petroleum

Cano Petroleum, Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano`s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

Safe-Harbor Statement -- Except for the historical information contained herein, the matters set forth in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that all such statements be subject to the "safe-harbor" provisions of those Acts. Many important risks, factors and conditions may cause the company`s actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Cano Petroleum, Inc. to obtain additional capital, and other risks and uncertainties described in the company`s filings with the Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Cautionary Notes to Investors -- The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. Cano uses "probable reserves" in this news release, which the SEC`s guidelines strictly prohibit it from including in filings with the SEC. Investors are urged to also consider closely the disclosure in Cano`s Form 10-KSB for the fiscal year ended June 30, 2004, available from Cano by calling 817-475-0000. This form also can be obtained from the SEC at www.sec.gov.

Contacts


Cano Petroleum, Inc.
Investor Contact:
Craig Scott, 800-769-7205
[e-mail]
or
Media Contact:
HWH Public Relations/New Media
Norman Iannarelli, 203-856-3487
[e-mail]

[HelddesAlltags]

hm, halte ich nicht für gerechtfertigt. Wenn das alles ist, an Infos, dann ist das jetzt vielleicht eher ne Chance nachzukaufen ...

(aber erstmal wart ich auf die Amis heute nachmittag)

[GNawracala]

für mich sieht das danach aus, als würden jetzt erstmal die instis, die von anfang an dabei waren kasse machen.

das hieße im umkehrschluss abwarten bis der verakufsdruck vorbei ist und dann rechtzeitg wieder einsteigen, bevor es dann los gehen kann

[HelddesAlltags]

Press Release Source: Cano Petroleum, Inc.

Cano Petroleum Updates Proved Reserve Estimates
Wednesday August 17, 7:00 am ET


FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 17, 2005--Cano Petroleum, Inc. (AMEX:CFW - News) announced today that it has revised its proved reserve estimates upward based on the fiscal year-end report prepared by Forrest A. Garb & Associates. As shown in the table below, Cano`s SEC PV-10% total proved reserve value increased to $46.3 million as of June 30, 2005, from $1.5 million, as of June 30, 2004. The net change in present value was primarily due to acquisitions, as well as reserve additions from enhancements, drilling, reserve revisions and increased oil and natural gas prices.
June 30, December 31, June 30,
2005 2004 2004
------------ ------------ -----------
Total Proved Reserves:
Oil (Mbbls) 3,056 2,758 213
Gas (Mmcf) 10,388 5,014 0
------------ ------------ -----------
Proved Barrels of Equivalent Oil
(MBOE) 4,787 3,594 213
Pre-tax PV-10% $46,300,000 $34,092,000 $1,500,000

Jeff Johnson, Cano`s Chairman and CEO, stated, "While increases in the first half of the year were mostly the result of acquisitions, we are especially pleased with the increases in production and reserves in the second half that were due to enhancements to these assets at the field level. We hope to maintain this trend by continuing to implement sound engineering practices in order to maximize our recovery efficiencies as we prepare these fields for their respective enhanced oil recovery programs."

In addition to its proved reserves, Cano estimates its probable reserves to be approximately 41 MBOE which it will seek to reclassify as proven reserves utilizing enhanced oil recovery (EOR) methods. The company is in the third of three phases of laboratory analysis to determine the formulation and methodology for the planned surfactant-polymer flooding of its Nowata Field -- the first of its assets scheduled for waterflooding and/or chemical EOR treatment. Cano has three assets that meet specific criteria for waterflooding and/or chemical EOR, including its Davenport and Nowata Fields in Oklahoma, and its Desdemona Field in Texas.

ABOUT CANO PETROLEUM:

Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano`s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

Safe-Harbor Statement -- Except for the historical information contained herein, the matters set forth in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that all such statements be subject to the "safe-harbor" provisions of those Acts. Many important risks, factors and conditions may cause the company`s actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Cano Petroleum, Inc. to obtain additional capital, and other risks and uncertainties described in the company`s filings with the Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Cautionary Notes to Investors -- The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. Cano uses "probable reserves" in this news release, which the SEC`s guidelines strictly prohibit it from including in filings with the SEC. Investors are urged to also consider closely the disclosure in Cano`s Form 10-KSB for the fiscal year ended June 30, 2004, available from Cano by calling 800-769-7205. This form also can be obtained from the SEC at www.sec.gov.



--------------------------------------------------------------------------------
Contact:
Cano Petroleum, Inc.
Craig Scott, 800-769-7205 (investor inquiries)
[e-mail]
or
HWH Public Relations/New Media
Norman Iannarelli, 203-856-3487 (media inquiries)
[e-mail]



--------------------------------------------------------------------------------
Source: Cano Petroleum, Inc.