The MicroCap Journal
Brittney Bateman
leholb at archid.com.hk
Wed Nov 2 11:12:48 CET 2005
KOKO PETROLEUM (KKPT) - THIS STOCK IS UNDISCOVERED ST0CK GEM
Current Price: 1.85
Watch out the st0ck go crazy on Wednesday morning
KOKO Petroleum Inc. is a growth company that is focused on the
exploration and development of prolific oil and gas properties in the south
eastern United States. Through a recently announced agreement with Armen
Energy LLC, KOKO Petroleum has acquired an option for a 45% working
interest in an oil and gas prospect located in Corsicana, Texas. With this
agreement, KOKO Petroleum leverages over 50 years of experience in the
exploration and development of mineral, oil and gas properties.
KOKO Petroleum's management plan to pursue compelling projects, or
assets, through an extensive network of contacts and relationships within
the oil & gas industry, by identifying attractive exploration projects
that can be jointly developed with partners who possess similar
expertise.
H0T NEWS released MUST READ ACT N0W
Oct. 26, 2005--KOKO Petroleum, Inc. (KKPT - News) announced today that
it has taken a minority participation working interest in the Boyd No.
1 well in the Barnett Shale play, north of Fort Worth, Texas. This well
is the first in a planned program to exploit oil and gas reserves from
leasehold interests held in the Barnett Shale play located in Cooke,
Wise and Montague Counties, Texas.
The Barnett Shale is the largest natural gas play in Texas. It is
presently producing 900 MMCF of gas per day and is considered one of the
largest U.S. domestic natural gas plays with sizable, remaining resource
potential. The first Barnett Shale wells were drilled and completed in
the early 1980s by Mitchell Energy of Houston, Texas. According to an
in-depth 2004 sector report on the Barnett Shale, developed by Morgan
Stanley, the Barnett Shale play is estimated to hold reserves in the
non-core area that could be as high as 150 BCF per 1,000 acres. The report
estimated that because of the amount of gas available in the area,
successful wells in the Barnett Shale should be economically viable in
almost any gas price environment. There are 75 rigs currently operating in
the area.
Under the terms of the participation agreement with Rife Energy
Operating, Inc. (the program's operator), KOKO Petroleum has acquired a
minority working interest (approx. 10%) in the drilling and completion of one
well (Boyd No. 1) that has already been drilled to an approximate depth
of 8,800 feet. This well is now in the completion stage and is expected
to go on-line in approximately 45 days. The total cost for drilling and
completion of the McCoy No. 2 well is anticipated to be approximately
$1.4 mi||i0n.
"Petroleum and natural gas production in the Barnett Shale play has
been increasing steadily year after year. This is by far one of the most
active and prolific gas fields in America right now and as such is
garnering a lot of attention all the way from the oil patch to Wall Street.
The gr0up that we have joined in this Barnett Shale drilling program is
affiliated with one of the major stakeholders in the area with scores
of wells already in production. We are very confident in their proven
ability to locate the best drilling sites in the area and to efficiently
tap the vast gas resources held in Barnett Shale. This project is one
of several next steps in KOKO Petroleum's ongoing program to build a
diverse portfolio of promising oil and gas properties and prospects. We
plan to continue pursuing other promising prospects that should help us
build a diverse portfolio with long-term value for our shareholders,"
says Mr. Ted Kozub, Chief Executive Officer of KOKO Petroleum, Inc.
Conclusion:
The Examples Above Show The Awesome, Earning Potential of Little Known
Companies That Explode Onto Investor's Radar Screens; Many of You Are
Already Familiar with This. Is KKPT Poised and Positioned to Do that For
You? Then You May Feel the Time Has Come to Act... And Please Watch
this One Trade Wednesday! Go KKPT.
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