|
Navigation
menu |
|
|
| |
|
Featured Link |
|
|
| |
|
Add Us to favorites |
|
Click Here Now!
or hit CRL+D |
| |
|
Search Web Site |
|
|
|
Stocks To Watch |
|
 |
|
|
|
| |
American Company Spotlight

|
Endeavor Energy Corp. Website:
Click Here |
Information As Of August 6,
2007 |
| Exchange:
OTC:BB |
Market
Cap:
97.9 Million |
| Outstanding Shares:
61.2 Million |
52 Low / High:
$0.21 / $2.00 |
|
Price
August 6, 2007:
$1.60 |
ENEC Recent Stock Quote and News:
Click Here |
“Alberta /
Saskatchewan border is prone to both oil and gas in multiple
zones. Endeavor has accumulated an impressive 9 areas in this
prolific gas region for future development."
Overview
Endeavor Energy Corporation focuses on the exploration
and development of oil and gas resources primarily in Canada
and Australia. With 14 properties in Alberta and Saskatchewan
alone, Endeavor has made a large footprint in the oil rich
zones of Western Canada. The company also has a 340,000 net acres
project in the shallow water of the Bass Straight off the
coast of Victoria, Australia. Endeavor has purchased 62.5%
of the concession and has partnered with Holloman
Engineering of Dallas, Texas to explore and develop the
prolific Bass Straight oil fields.
|
Glossary of Terms: |
| BOED |
Barrels of Oil Equivalent Per Day |
| BOE |
Barrels of Oil Equivalent |
| BBLS |
Barrels |
| MMBO |
Million Barrels of Oil |
| BBO |
Billion Barrels of Oil |
| TCF |
Trillion Cubic Feet |
| BOPD |
Barrels of Oil Per Day |
| MCF |
Thousand Cubic Feet |
Investment Highlights
- Endeavor currently produces a modest 125 BOED barrels of oil equivalent (BOE)
and adding 1,500 to 2,000 BOED with an $11.5 million 2007-drill campaign.
- Endeavor will be producing over 5,500 BOED with a revenue target of $51
million increasing to $112 million by the end of 2011.
- The sands around the Onard property are very porous and permeable and can
produce up to 1 million barrels from less than 400 acres.
- Wells on the Bigoray property can yield up to 2,100 bopd, with reserves from
1,000,000-10,000,000 bbls per well. Endeavor is in the first
stages of exploration in the area.
- VIC/P60 is 340,000 net acres in the shallow water of the Bass Straight off
the coast of Victoria, Australia. Endeavor has purchased 62.5% of the
concession and has partnered with Holloman Engineering of Dallas, Texas to
explore and develop the prolific Bass Straight oil fields.
- Two recent oil discoveries near VIC/P60 property in Australia: Archer 1MMBO and King Fisher 1BBO. In excess
of 4 billion barrels of oil/condensate and 12 TCF gas reserves have been
discovered in the basin since exploration drilling began in 1964.
- A-1 Prospect, one of the 6 structures in the VIC/P60 play, could
potentially contain approximately $1,500,000,000 in reserves.
Profile
CANADA
Endeavor was newly established in 2006, an asset purchase
from a mid-tier energy producer gave the company a start
with 13,000 acres and nominal production. From its early
beginning, Endeavor focused on increasing land position and
production.
Endeavor currently produces a modest 125 BOED barrels of oil
equivalent (BOE) and adding 1,500 to 2,000 BOED with an
$11.5 million 2007-drill campaign. At year-end 2008,
Endeavor will producing over 4,000 BOED with a revenue
target of $25 million. At year-end 2009, Endeavor will be
producing over 5,500 BOED with a revenue target of $51
million increasing to $112 million by the end of 2011.
The Canadian operations will generate 90% of production and
provide a solid foundation for a growing portfolio. Today,
the company has approximately 100,000 net acres under review
within Alberta and Saskatchewan, partnering with industry
leaders, such as Devon Energy and Penn West Energy Trust to
develop prospective reserves in the Canadian prairies
proving the company's expertise and growth model.
AUSTRALIA
VIC/P60 is 340,000 net acres in the shallow water of the
Bass Straight off the coast of Victoria, Australia. Endeavor
has purchased 62.5% of the concession and has partnered with
Holloman Engineering of Dallas, Texas to explore and develop
the prolific Bass Straight oil fields.
The area includes several major discoveries in various
stages of development since late 1960's and has yielded
billions of barrels of production. Several of the world's
largest oil and gas companies are producing, developing and
exploring adjacent to Endeavor's oil and gas concession.
Endeavor and Holloman have identified 6 prospective leads,
based on independent reports by ISIS Petroleum Consultants
predetermining the A1 lead (one of six) potentially holding
reserves from 80 to 120 MMBO. These defined indicators
combined with Holloman's expertise in the area convinced
Endeavor to participate in this world-class exploration
prospect.
Combining low-risk deliverable results of Endeavor Energy
Alberta and the high reward of Endeavor Energy Australia
together offer significant near-term and longer-term growth.
Alberta Properties
The Corporations lands are located in prolific gas regions
in Southern Alberta consisting of proven shallow and deep
gas anomalies.
WARNER
The Corporation has a 40% working interest in 16.5 sections
in the Warner area (approx. Twp. 5 Rge 17W4M), and this area
offers the potential for multi zone production from the
Barons, Medicine Hat, Bow Island and Belly River formations.
The Corporation has three producing wells contributing 100
BOED. Reservoir mapping and overall well productivity
suggests the Barons sand reservoir quality improves
northwest along the trend. As a result of reduced sizes for
spacing units, the Corporation has locations for three new
offset wells, and the opportunity for over 100 shallow gas
wells.
SOUTH TABER
In the South Taber area (approx. Twp. 9 Rge 17W4M) the
Corporation has a 50% working interest in 640 acres of land
(1 section). There is currently one Barons gas well on the
property (25 BOED to the Corporation), with the opportunity
for three additional wells.
DIAMOND
In the Diamond area (approx Twp. 10 Rge 23W4) the
Corporation has a 50% operated working interest in 1920
acres of land (3 sections). In this area the Bow Island and
Barons zones indicate sizeable potential. An exploration
drilling location has been identified and is in the process
of regulatory approval. At present the Corporation has three
standing wells in place waiting for the pipeline completion
in early third quarter 2007. A fourth Bow Island well
location has been selected and scheduled to spud in July of 2007.
BOW ISLAND
This area of southern Alberta is prospective for gas in the
Bow Island sandstone. Endeavor has been offered the right to
drill to earn in 2 sections of land (1280 acres). The wells
are approximately 2800' and very close to tie in. Stable
production rates of 250-300mcf/d are expected, giving a 6
month payout.
Chigwell
Chigwell is in south central Alberta and is both oil and gas
prone in numerous zones. Endeavor's prospect in the area is
for the Lower Mannville channel and the Glauconite channel.
In the immediate vicinity of our farm-in lands the 2
reservoirs are stacked on top of each other.
The company has a farm-in on Quicksilver lands with over 1280 acres,
a drill 1
section and an option on another. Other lands are available
in the area for the shallower Viking gas zone. A well here
would be 1600 m. and cost about $500,000.
Saskatchewan Properties
Alberta / Saskatchewan border is prone to both oil and gas
in multiple zones. Endeavor has accumulated an impressive 9
areas in this prolific gas region for future development.
SOUTH/WEST SASKATCHEWAN
This area lies along the Alberta/Saskatchewan border and is
prone to both oil and gas in multiple zones. The primary
objective is the lower Mannville sand which produces both
oil and gas at 30-50bopd and/or 250mcf/d. Endeavor has 1
seismic line in the area with a strong drillable location.
Well depth is approx. 3000', which leads to possible pay in
the Bakken, Mannville, Colony, Viking and Belly River zones.
Marengo
This area is both oil and gas prone. Oil in the Lower
Mannville and Bakken, and gas prone in the shallower Viking
sandstone. Endeavor has signed a confidentiality agreement
with Penn West in the area to review some 100 miles of
their seismic data. We have offered Penn West 2 wells in the
area, and will finalize once we have reviewed the seismic.
Wells are 900 metres deep and cost $300,000. Flow rates are in the
30+ bopd range. Endeavor is evaluating 7,040 acres and has
committed to 2 wells in the area.
SUPBERB
Supberb is an area with numerous MacLaren channel sands,
these are fluvial in nature and very thick if encountered
and they are narrow in width (1/4 mile) but can be 20 miles
long. Usually they are filled with heavy oil, with 30-60' of
pay. Production rates are 30-50 bopd, but yield very high
reserve values. Some seismic data will be required to
delineate the channel edges.
BIGORAY
This area is in west central Alberta and the Nisku porosity
play has began to heat up again. New seismic has led to new
drilling in the area. The Nisku porosity develops over the
lower Leduc platform highs. These are very subtle to see and
a seismic model must be used to firm up leads prior to
shooting more data. Wells are 7,500' and exceed $1,000,000,
but can yield up to 2,100 bopd, with reserves from
1,000,000-10,000,000 bbls per well. Endeavor is in the first
stages of exploration in the area.
COURT
The Court areas is prone to both oil and gas production. The
main producing horizons are the Bakken, Lower Mannville,
Upper Mannville and the Viking.
Wells can expect oil production in the 30-80 bopd from both
the Bakken and Lower Mannville zones. These reservoirs are
deposited along structural flanks and erosional highs.
The Upper Mannvile and the Viking are productive along
oriented structures, primarily NW-SE, and usually produce
gas. Rates vary from 250-500 mcf/d. Endeavor is in
negotiations to acquire over 10,000 acres under option and
are presently surveying 3 drill locations.
ONARD
The Onard is an oil prospect in the Lower Mannville
sandstones. These relatively small pools are trapped along
flanks of Paleozoic highs. The sands are very porous and
permeable and can produce up to 1 million barrels from less
than 400 acres.
Production rates vary from 60-100 bbls/d. Endeavor has the
opportunity to acquire 8,000 - 10,000 acres under option,
the company has identified two locations and have requested seismic to
delineate further prospects.
CENTRAL
Endeavor has entered into an agreement with a partner to
shoot $500,000 worth of new seismic data in 4 huge areas of
central Saskatchewan within the north extension of the
Williston Basin. These areas are: Foram Lake, Shell Lake,
Whitehill Lake and Moose Jaw. Most oil and gas in
Saskatchewan is in the S.E. corner or the Western half of
the province where there are areas of multiple stacked
reservoir rocks. Despite this, reservoir quality is abundant
in the central part of the province but "traps" are needed.
To this end, Endeavor will shoot some 250 km. of data in the
Fall and will have the opportunity to drill to earn in
1,000,000 + acres. It is estimated the average well cost is
$200.000 cased.
Luseland
This area in east central Saskatchewan is oil prone in
numerous horizons, from the lower Bakken, Lower Mannville,
Waseca and McLaren channels. Endeavor's prospects are on
lands available to them from Devon Canada; they are freehold
lands and are subject to a freehold royalty of 17.5%. One
prospect is offsetting older Bakken oil wells that were
abandoned with considerable oil left to recover. The company believes
they can get up to 7m. of net oil pay in an offset location.
The second prospect is a little S.W. of the first and is
exploring for the Waseca-McLaren channel. This channel can
be 60m. thick with oil pay from top to bottom. In both
cases, well depths would be 950m. and cost $300,000 cased.
Production rates would be 30+ bopd and reserves can be
100,000 bbls to 250,000 bbls. recoverable.
Onward
This area is again in west central Saskatchewan. The area is
prone to oil in 3 zones, the Bakken, Lower Mannville and the
Waseca/McLaren channels. Endeavor has farmed-in on 3
sections of Devon lands and has posted 3 sections of Crown
land for a sale in August/07. The company's prospects are primarily
for the Lower Mannville sand, the company is attempting to extend a
known oil pool, which has produced 1 million barrels from
section. Endeavor acquired a north/south seismic line
offsetting the lands and after review, has 3 drillable
locations. Wells cost $300,000 and are 950m. Flow rates can
be 30-100 bopd.
Whiteside
This area is just west of Kindersley and is an area that is
productive in zones from the deep Bakken to the very shallow
Milk River. It can be prone to both oil and gas. Endeavor
has entered into a confidentiality agreement with Penn West
to explore some 5120 acres using Penn West seismic data.
Endeavor has committed to 2 wells in the area. Wells cost
$300,000 for a deeper test and can produce at rates from
250mcf/d to 1,000 mcf/d. The Viking is productive in the
area and will be a bail out zone if the deeper horizons do
not work out. Bakken gas is the primary zone for Endeavor.
Australia
VIC/P60 - Location of Gippsland Assets
VIC/P60 is 340,000 net acres in the shallow water of the
Bass Straight off the coast of Victoria, Australia. Endeavor
has purchased 62.5% of the concession and has partnered with
Holloman Engineering of Dallas, Texas to explore and develop
the prolific Bass Straight oil fields.
The area includes several major discoveries in various
stages of development since late 1960's and has yielded
billions of barrels of production. Several of the world's
largest oil and gas companies are producing, developing and
exploring adjacent to Endeavor's oil and gas concession.
Endeavor and Holloman have identified 6 prospective leads,
based on independent reports by ISIS Petroleum Consultants
predetermining the A1 lead (one of six) potentially holding
reserves from 80 to 120 MMBO. These defined indicators
combined with Holloman's expertise in the area convinced
Endeavor to participate in this world-class exploration
prospect.
Combining low-risk deliverable results of Endeavor Energy
Alberta and the high reward of Endeavor Energy Australia
together offer significant near-term and longer-term growth.
VICP60 - Key Stats
- 340,000 hectares offshore block granted 2004
- Multi-million oil reserve potential
- Over 5000 miles of 2D seismic reprocessed with Kingdom
- 6 prospective leads confirmed with converging seismic
lines
- 25 square miles of 3D seismic scheduled third quarter
2007
- Two recent oil discoveries at Archer 1MMBO and King
Fisher 1BBO
In excess of 4 billion barrels of oil/condensate and 12 TCF
gas reserves have been discovered in the basin since
exploration drilling began in 1964.
A-1 Prospect, one of the 6 structures in the VIC/P60 play,
could potentially contain approximately $1,500,000,000 in
reserves.
Remaining reserves estimated at 600 million barrels of oil and
5 trillion cubic feet of gas.
VICP60 - Property History
The history of oil production in the Gippsland Basin dates
back to 1924 when Lake Bunga-1, intended to drill for water,
was spudded near the township of Lakes Entrance. The well
encountered a 13 meter oil column in glauconitic conglomerates
(top Latrobe Group interval) and was followed by over 60
wells.
Extensive exploration in the Gippsland Basin did not commence
before the mid-1960s, after seismic surveys had imaged the
Central Deep and identified several anticlinal closures.
The first successful well, East Gippsland Shelf-1 (later known
as Barracouta-1), was drilled by Esso in 1964/65 and
discovered a 102.5 meter gas column at a depth of 1,060
meters. Following the subsequent major gas discovery at
Marlin, the Gippsland Basin was initially perceived as a
significant gas and oil province. And, when the Kingfish-1 was
drilled in 1967 and encountered the largest Australian oil
field known to date, the Gippsland Basin had gained
international recognition.
In excess of 4 billion barrels of oil/condensate and 12 TCF
gas reserves have been discovered in the basin since
exploration drilling began in 1964, with remaining reserves
estimated at 600 million barrels of oil and 5 trillion cubic
feet of gas.
Despite its long history of extensive exploration, many parts
of the basin, especially the eastern region, are still not
fully understood. A few successful major players have entered
the exploration scene and the amount of seismic data,
particularly 3D, is being used to gain full knowledge of the
basin.
Recent News and Press Releases
Endeavor Energy Announces Joint Venture Agreement
with Quicksilver Resources (Mon, Aug 6)
Endeavor Energy Corp. Rated 'Outperform,' Target
Price $4.10 by Beacon Equity Research (Mon, Aug 6)
Endeavor Energy Corporation Announces Acquisition of
Endeavor Canada Corporation (Fri, Aug 3)
Dujour Products, Inc. Announces Name Change and
Trading Symbol (Fri, Jul 20)
Cameron King, MBA - President & CEO Cameron King is
founder, President and Chief Executive Officer of Endeavor
Energy Corporation. Through an acquisition and purchase
strategy, Cameron has built the company into what is today,
regarded as a premier junior oil and gas company amongst its
peers. Since its inception in early 2006, the company has been
responsible for assembling more than 31 sections of land under
its direct control and ownership, another 45 sections under
Joint Operating Agreements with some of Canada's major
producers. Cameron has over 15 years of public and private
company experience advising several junior oil and gas
companies as a director and senior management. He was
responsible for a major gas discovery in SW Alberta, which has
grown into a major development strategy for Endeavor. Cameron
holds an MBA from Lake Superior University, Michigan and a
Finance degree from McMaster University, Hamilton, ON.
Cameron's experience into oil and gas started in 1987 with
Algoma Steel, in sales and product development for oil and gas
drilling and casing products. In 1991, Cameron launched a
career with the Bank of Nova Scotia, Toronto ON in Commercial
and Corporate lending which grew into a key role and member of
the Bank's M&A team. In 1999 Cameron set up King Capital
Corporation which held the mandate to finance development
companies that possessed quality management teams with
realizable sales and production goals. Cameron's financial
commitment to Endeavor Energy has been paramount to the
continuation of the Corporation's long term success.
Robert Wesolek C.P.A. CFO
Mr. Robert Wesolek, has more than 25 years senior executive
experience in both public accounting and private industry. For
the period from March 2004 through January 2007, Mr. Wesolek
served as chief financial officer and/or Director of House of
Brussels Chocolates, Inc., a publicly traded manufacturer and
wholesale distributor of chocolate confections. From October
1998 to January 2004, Mr. Wesolek served as president and
chief executive officer of The Navigates Corporation, a
privately held software developer. During the period from
November 1998 to January 2001, he also served as chief
financial officer for Sharp Technology Inc., a publicly traded
software redistributor. From 1996 to 1998, Wesolek was
president of the Desktop Software Division of Citadel Security
Software, Inc. (then Citadel Technology, Inc.), a publicly
traded security software vendor, and from 1988 to 1996, he
served as chief operating officer of Kent Marsh Ltd., Inc., a
desktop software provider for the Windows and Macintosh
platforms. During the period from 1979 to 1987, Mr. Wesolek
was a Senior Practice Manager in the Audit Division of Arthur
Andersen LLP.
Keith Miles, Engineer - VP of Operations
Mr. Miles began his career in the oil and gas industry in
the mid-seventies, after receiving a B.Sc.(Advanced) from the
University of Saskatchewan. Mr. Miles has gained extensive
experience throughout the years in areas of geological
mapping, seismic evaluation, sample evaluation and project
management. Most recently, Mr. Miles has held a key position
at Cimarron Holdings Ltd as Vice President Exploration. He was
instrumental in putting together 52,000 gross acres of
exploration lands in western Saskatchewan, and had 85% success
rate for the entire exploration projects.
Contacts
Canada (Headquarters)
Endeavor Energy Corporation
T. (403) 536-9954
F. (403) 532-3995
Suite 1110, 521 - 3rd Avenue SW
Calgary, AB, Canada T2P 3T3
http://www.endeavorenergy.com
FORWARD LOOKING STATEMENTS
This report includes forward-looking
statements that reflect Endeavor Energy Corp. current
expectations about its future results, performance,
prospects and opportunities. Endeavor Energy Corp. has
tried to identify these forward-looking statements by using
words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to
a number of risks, uncertainties and other factors that
could cause Endeavor Energy Corp.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and
other factors include, without limitation, the Company's
growth expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
Disclaimer
AllPennyStocks.com feature stock reports
are intended to be stock ideas, NOT recommendations. Please
do your own research before investing. It is crucial that
you at least look at current SEC filings and read the latest
press releases. Information contained in this report was
extracted from current documents filed with the SEC, the
company web site and other publicly available sources deemed
reliable. For more information see our disclaimer section, a
link of which can be found on our web site. This document
contains forward-looking statements, particularly as related
to the business plans of the Company, within the meaning of
Section 27A of the Securities Act of 1933 and Sections 21E
of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results
may differ materially from the Company's expectations and
estimates. This is an advertisement for Endeavor Energy Corp. The purpose of this advertisement, like any
advertising, is to provide coverage and awareness for the
company. The information provided in this advertisement is
not intended for distribution to, or use by, any person or
entity in any jurisdiction or country where such
distribution or use would be contrary to law or regulation
or which would subject us to any registration requirement
within such jurisdiction or country.
© 1999-2007 AllPennyStocks.com. All rights
reserved. AllPennyStocks.com is not a Registered
Broker/Dealer or Financial Advisor, nor do we hold ourselves
out to be. All materials presented on our web site and
individual reports released to the public through this web
site, e-mail or any other means of transmission are not to
be regarded as investment advice and are only for
informative purposes. Before making a purchase or sale of
any securities featured on our web site or mentioned in our
reports, we strongly encourage and recommend consultation
with a registered securities representative. This is not to
be construed as a solicitation or recommendation to buy or
sell securities. As with any stock, companies we select to
profile involve a degree of investment risk and volatility.
Particularly Small-Caps and OTC-BB stocks. All investors are
cautioned that they may lose all or a portion of their
investment if they decide to make a purchase in any of our
profiled companies. Past performance of our profiled stocks
is not indicative of future results. The accuracy or
completeness of the information on our web site or within
our reports is only as reliable as the sources they were
obtained from. The profile and opinions expressed herein are
expressed as of the date the profile is posted on site and
are subject to change without notice. No investor should
assume that reliance on the views, opinions or
recommendations contained herein will produce profitable
results. AllPennyStocks.com may hold positions in securities
mentioned herein, and may make purchases or sales in such
securities featured on our web site or within our reports.
In order to be in full compliance with the Securities Act of
1933, Section 17(b), AllPennyStocks.com will disclose in
it's disclaimer, what, if any compensation was received for
our efforts in researching, presenting and disseminating
this information to our subscriber database and featuring
the report on the AllPennyStocks.com web site.
AllPennyStocks.com has been compensated fifteen thousand
dollars by a non-affiliated third-party, European American
Investments for its efforts in presenting the ENEC profile
on its web site and distributing it to its database of
subscribers as well as other services. AllPennyStocks.com
may decide to purchase or sell shares on a voluntary basis
in the open market before, during or after the profiling
period of this report. As of the profile date, no shares
have been sold. Information presented on our web site and
within our reports contain "forward looking statements"
within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934.
Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans,
projections, objectives, goals, assumptions or future events
or performance are not statements of historical fact and may
be "forward looking statements." Forward looking statements
are based on expectations, estimates and projections at the
time the statements are made that involve a number of risks
and uncertainties which could cause actual results or events
to differ materially from those presently anticipated.
Forward looking statements in this action may be identified
through the use of words such as “expects’”, “will,”
“anticipates,” “estimates, “believes,” or that by statements
indicating certain actions “may,” “could,” or “might” occur.
THE READER SHOULD VERIFY ALL CLAIMS AND DO
THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES
MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE
AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to invest
carefully and read the investor information available at the
web sites of the Securities and Exchange Commission (SEC)
at:
http://www.sec.gov and/or the National Association of
Securities Dealers (NASD) at:
http://www.nasd.com. Readers can review all public
filings by companies at the SEC's EDGAR page. The NASD has
published information on how to invest carefully at its web
site.
|
|
|
|