YeOldGoldNugget's Stock Picks: Natural Gas

Sunday, December 6, 2009

Sterling Resources (CVE:SLG)

Posted by 79Atoms at Sunday, December 06, 2009

Sterling Resources Ltd. Weekly Chart December 04, 2009

Sterling Resources Trend Analysis.
Chart is courtesy of marketclub.
Sterling Resources Ltd. (Sterling) is engaged in the acquisition of petroleum and natural gas rights, and the exploration for, and the development of crude oil and natural gas. On January 22, 2009, the Company announced the completion and testing of the Breagh well located on Block 42/13 in the SNS. In January 2008, it completed the testing of the Ana-1 gas well (formerly Doina Sister) on the Midia Block offshore Romania. The well flowed at restricted rates of up to 19.2 million standard cubic feet per day (MMscf/d). In November 2008, the Company completed the drilling of the Cladhan exploration well located on Block 210/29a in the United Kingdom Northern North Sea. The reservoir logs indicated 25 feet of net sands with saturations of light oil. In November 2008, it also commenced drilling the West Breagh 42/13-5 well and its subsequent horizontal deviation, 42/13-5z. The horizontal section was tested at rates of up to 26 MMscf/d subsequent to year ended December 31, 2008.
http://www.sterling-resources.com/index.html

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Corridor Resources Inc. Daily Chart December 04, 2009

Corridor Resources Trend Analysis.
Chart is courtesy of marketclub.

Corridor Resources Inc. is a junior resource company engaged in the exploration for petroleum and natural gas onshore in New Brunswick, Prince Edward Island and Québec and offshore in the Gulf of St. Lawrence and the development and production of natural gas in New Brunswick.

The Corporation has gas reserves in the McCully Field near Sussex, New Brunswick and has recently discovered crude oil reserves in the Caledonia Field, near Sussex, New Brunswick. In June 2007, Corridor completed the construction of the required midstream facilities to connect the McCully Field to markets through the Maritimes & Northeast Pipeline (M&NP).

Corridor's common shares trade on the Toronto Stock Exchange (the "TSX"), under the symbol "CDH".
http://www.corridor.ca/

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