By Dawn Van Zant
Price Pressure and Accumulation Strain Continue as Industry Compensates for Accident in Louisiana
POINT ROBERTS, WA. September 12, 2005 - www.NaturalGasStocks.com (NGS), and www.OilandGasStockNews.com (OGSN), all-around broker websites for the accustomed gas, activity and oil industries address on the impacts in the accustomed gas amphitheatre as a aftereffect of Hurricane Katrina. Analyst Philip McPherson, Director of Research, C.K. Cooper & Company, and All-embracing Activity Consultants, Purvin & Gertz, Inc. acknowledge industry insights into the abeyant bazaar acknowledgment to the adversity as we move advanced appear recovery. Industry participants Petrol Oil & Gas Inc. (OTCBB: POIG), Bontan Corporation, Inc. (OTCBB: BNTNF), and Running Fox Ability Corp (OTC.PK: RFXRF; TSX: RUN) accommodate perspectives on the accepted and approaching accustomed gas environment. In addition, abatement efforts accept accustomed amazing abutment from above contributors such as BP plc, Anadarko Petroleum Corp. (NYSE: APC) and Chesapeake Activity Corporation (NYSE: CHK).
Report Excerpt: Moving Advanced Appear Accretion – The Outlook for Accustomed Gas in the Wake of Katrina
By Ann-Marie Fleming, www.NaturalGasStocks.com, www.OilandGasStockNews.com
September 2005
As the State of Louisiana and the apple as a accomplished activate the continued adventure appear accretion in the after-effects of Hurricane Katrina, abounding uncertainties still remain. The Gulf bank is a awful advantageous and relied aloft oil and gas mainstay, accordingly in an ambiance of appreciably top prices, shortages in accumulation and a growing demand, the industry as a accomplished has acquainted the shockwave of this disaster.
Initial reductions in accustomed gas food as a aftereffect of Hurricane Katrina were estimated to be 8.8 billion cubic anxiety per day (bcfd) due to shut-ins and absolute damage, according to the Minerals Management Service. This akin as of September 8th is estimated at 4.0 bcfd. According to Purvin & Gertz Inc., “this represents about 40% of the accustomed gas assembly from the Gulf of Mexico and about 7.5% of the United State’s absolute calm gas production.”
The disruption in accumulation in this amphitheatre is added complicated by the abridgement of another gas supplies. Added accumulation from Canada and Liquefied Accustomed Gas (LNG) sources are limited, a botheration that may amplify if the bearings continues into the heating season.
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Featured Company: (OGSN and NGS are compensated by companies as appear in disclaimer.)
Petrol Oil and Gas, Inc. (OTCBB: POIG) is an oil and gas ambassador whose primary focus is the development and assembly of oil, gas, and Coal Bed Methane (CBM) in Eastern Kansas and Western Missouri. During the accomplished three years POIG has accumulated a 165,000 gross mineral acreage anticipation and accomplished a absolute of 23 test/development wells in this breadth that are geologically acceptable for CBM development. In addition, the Aggregation currently operates its 10,000 gross acre bearing Petrol-Neodesha acreage with 72 CBM wells in the abounding Thayer Gas Field in Southeast Kansas and has afresh acquired an added 400 gross acreage adjoining to its Petrol-Neodesha property.
For added advice on Petrol Oil and Gas, bang here: http://www.naturalgasstocks.com/Petrol_Oil_and_Gas/Default.asp
Bontan Corporation, Inc. (OTCBB: BNTNF) is an all-embracing adapted accustomed ability aggregation that operates and invests in above analysis prospects. Bontan currently has a 49% alive absorption in a gas analysis activity in eastern Calcasieu Parish, Louisiana.
For added advice on Bontan Corporation, bang here:
http://www.naturalgasstocks.com/CO/BNTNF/Default.asp
Running Fox Ability Corp (OTC.PK: RFXRF; TSX: RUN) is a baby cap aggregation conduct a top appulse behemothic accumbent gas able-bodied in Alberta. The able-bodied has a abeyant ability abject amid 30 billion cubic anxiety and 80 billion cubic feet. Possible assembly ante are 10 actor cubic anxiety per day to 35 actor cubic anxiety per day additional BTU-rich aqueous condensates. Acreage admeasurement of 17,400 acreage offers abundant development and analysis conduct targets. Running Fox aswell has top brand gold projects in Canada and Alaska.
For added advice on Running Fox, bang here:
http://www.naturalgasstocks.com/Companies/NaturalGas/IndustryResearch.asp
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Dawn Van Zant 800.665.0411
Ann-Marie Fleming 866.725.2554
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