Subj: Bush large shareholder - New USA Oil Find
USA SMALL CAP REVIEW DMT Energy, Inc. (DMTY) RECORD SETTING HIGH PREDICTED THIS WEEK!! Current Price @ Close July 22 $0.55 7-Day Price Target $1.70 30-Day Price Target $2.30 12-Month Target $3.75 Shares Outs 25.0 M Float 3.8 M We hear News expected about a large find due out Monday The outlook for North American oil and gas exploration is extremely positive from an investment perspective, with increasing US energy demands projected over the near and long term sustaining major gains for oil and gas producers. The recent California energy crisis, the looming United States energy crunch (the most serious domestic energy situation since the 1970's), and the increasingly unstable international environment for oil and natural gas exploration and production, have placed a renewed emphasis on domestic energy exploration. While crude oil and natural gas prices on the spot market are likely to come off of their current highs, the immediate term price outlook remains favorable, and long term price projections forecast significant increases. Even as government and academia invest billions in the search for alternative sources of energy, the demand for natural gas and oil continues to grow and is expected to expand exponentially over the next twenty years. According to the US Energy Information Administration (EIA) the US demand for refined petroleum products will grow by over 35 percent in the next two decades, increasing from 18.0 million barrels per day in 1996 to over 24.6 million barrels per day by 2020, a 35% increase. The growth of domestic demand for natural gas, driven by expanding natural gas-fired electric generation plants, will be even more pronounced skyrocketing from current levels of roughly 23 trillion cubic feet (Tcf) to 32-37 Tcf by 2020. As the recent energy crisis in California has demonstrated, the US natural gas and energy supply will prove increasingly tenuous without additional and vigorous exploration and production efforts are undertaken. At the same time, the international situations in Iraq and Venezuela have show the vulnerability of US petroleum stocks and highlighted the urgent need for increased domestic production. The recent National Energy Policy of President Bush and Vice President Cheney has called for dramatically increased production of domestic oil and natural gas resources to meet this expanding domestic energy demand. For the petroleum industry, this renewed impetus on domestic exploration and production has led to several new developments that improve the likelihood of exploration success and the location of new reserves. Many of the technologies associated with oil and gas exploration have been significantly enhanced over the last several years, and the refinement of techniques such as three dimensional seismic imaging have made oil exploration far more efficient, increasing the accuracy of modeling and decreasing the chances of missing oil. The second way that oil exploration is becoming more efficient is the increased practice of reexamining properties that were no longer thought to be profitable. Many properties through the 1970's were extracted only using primary production techniques and then prematurely abandoned when production became more expensive and problematic, leaving significant quantities of oil and natural gas. It has been estimated that many of these early producing fields can contain as much as 50-60% of recoverable production. Smaller oil exploration and production companies, such as Newfield Exploration Oil (NYSE: NFX) and Houston Exploration Company (NYSE: THX) have enjoyed huge successes through employing strategies that focus on reworking overlooked and bypassed production properties. With a diversified portfolio of balanced oil & gas properties, an exploration and production strategy that emphasized the importance of developing and exploiting overlooked and bypassed reserves with new technologies and innovative approaches, and a seasoned management team and advisory board with over 150 years of collective petroleum industry experience, DMT Energy, Inc. is well positioned to benefit from new oil and gas production initiatives. DMT Energy has developed an impressive portfolio of oil and gas properties in Alberta and British Columbia, and Northern Canada that have B potential for successful production over the near-to-intermediate term period with limited capital investment. The Company is capitalizing on both of the major trends in domestic oil and gas E&P efforts, carefully selecting and screening properties for maximum potential of overlooked and bypassed production opportunities in oil producing area, and utilizing 3-D seismic and other advanced exploration techniques, including proprietary reservoir modeling techniques developed by EVP Don Hryhor, to mitigate risks. The Company is within months of beginning production efforts on its Acadia and Wainwright properties, where B oil & gas indicators have been confirmed by independent geologists and petroleum engineers. These projects have been carefully selected and screened, and DMT Energy has developed a conservative operational plan to begin production of oil and gas reserves over the next 6-12 months. The Company additionally intends to pursue development and production efforts on its additional Alberta and British Columbia properties and to acquire additional leasehold prospects. DMT Energy is further pursuing major new exploration opportunities throughout Canada and the United States, which promise significant and unexplored production prospects. DMT Energy's position as an innovative, technology oriented oil and gas exploration and production company with a balanced portfolio of properties that have near term production potential presents an attractive opportunity to invest in the forthcoming domestic petroleum E&P explosion. The Company's innovative strategy of minimizing risk and capital outlay through concentration on development of overlooked or bypassed oil and natural gas reserves and use of advanced exploration technologies is at the forefront of petroleum E&P efforts. This strategy has already been demonstrated successfully in the case of smaller start-up players Newfield Oil and Houston Exploration who have experienced consistent gains in their stock price despite the overall difficulties that oil industry investment have experienced over the last several years. By maximizing capital investment in property development, mitigating exploration risks, and maintaining tight control over costs, DMT Energy is exceptionally well situated to experience substantial growth over the immediate term period and return value to investors. INVESTMENT HIGHLIGHTS DMT Energy is well positioned within tremendous oil and gas industry struggling to meet increased US energy demands projected over the near and long term- producing major gains for oil and gas producers. The specter of the California energy crisis, the looming US energy crunch (the most serious domestic energy situation since the late 1970's with oil prices at the pump reaching new highs almost daily), and the tenuous international production climate (with OPEC production caps, uncertainty over Venezuelan production, and continued questions over development of Iraqi production capacity), all bode well for North American E&P companies operating in this environment. While crude oil prices on the spot market are likely to move off their current levels of $34-35 per barrel, the intermediate term price outlook remains highly favorable with the US Energy Information Administration predicting that crude oil prices will stabilize over the next several years to the $30 price range with price spikes likely until inventory stocks are rebuilt. The Company benefits from its B and experienced management team and senior advisors, with over 150 years of collective petroleum industry experience. President Fred Da Silva has provided consulting, business development, and financing expertise to a number of private and public natural resource companies over the last decade, while CFO Giuliano Tamburrino previously served as founder and senior executive for a junior EPC (engineering, procurement, and construction) provider of oil & gas facilities. VP of Exploration Don Hryhor is a successful geophysicist and wildcatter, having worked closely under the tutelage of industry pioneers William Hryhor and Drs. John Lichtenbelt over the past 30 years. Mr. Hryhor has been involved in several major discoveries in the Arctic Islands, Western Canada, and Texas, and has develop a proprietary hydrocarbon production and reservoir modeling technique which has been used to evaluate over 450,000 wells in Western Canada, and which is employed by the Company. DMT Energy is poised to begin significant production efforts on its oil and gas properties and is exploring additional leasehold prospects as well as major exploration efforts throughout North America. The Company's Acadia prospect is slated to begin production in March of 2004, and DMT Energy anticipates bringing its Wainwright field on line over the next several months. Complimenting these production efforts, DMT Energy is also undertaking major exploration efforts throughout North America, which should provide a considerable growth catalyst over the intermediate term period. Disclaimer: This profile is not without bias, and is a paid release. Writers and mailers have been compensated for the dissemination of company information on behalf of one or more of the companies mentioned in this release. 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