The Canadian Advantage: Report on UTS Energy Corporation (TSX: UTS), Uranium One Inc. (TSX: UUU) and Forest Gate Resources Inc. (TSX-V: FGT)
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Maybach.
Oct. 15, 2007 07:53 AM
GRANDE BAY, MAURITIUS -- (MARKET WIRE) -- 10/15/07 -- Comments made in this release are
those of Maybach Financial Group and any questions or comments should be
directed to the contact information located at the bottom of this release.
Maybach Financial Group is a syndicate of financial analysts, with a core
group representing over 250 years of total investing experience. Our focus
is to give investors the financial advantage necessary to sustain profit
all markets. This week, to gauge the outcome of the markets, we are
focusing on UTS Energy Corporation (TSX: UTS), Uranium One Inc. (TSX: UUU)
and Forest Gate Resources Inc. (TSX-V: FGT). For the full report, visit
www.maybachfinancial.com
The Maybach Financial Group www.maybachfinancial.com will be researching
the above-mentioned companies to determine their chances of a turnaround
opportunity for investors. Visit www.maybachfinancial.com for a
complimentary subscription to the Maybach service and receive at no cost
our "Special Report#1: The Pick of the Decade" plus a second free report
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With an estimated 2.5 trillion barrels of bitumen in place, Canada's oil
sands are one of the world's largest crude oil resources. In total, 175
billion barrels may be recoverable with current technologies, 315 billion
barrels ultimately recoverable of which less than 20% will be accessed
using mining technology. Oil sands represent the future of oil production
in the western Canadian sedimentary basin, more than offsetting the decline
in conventional production we are currently observing. According to Alberta
Energy, oil sands production including marketable bitumen and upgraded
synthetic crude oil, accounts for nearly half of Canada's crude output and
10% of North America's output.
Oil sands are composed primarily of sand, bitumen, mineral rich clays and
water. Bitumen in its raw state is a heavy, viscous, crude oil. The bitumen
is separated from the sand and clay in the extraction plant and
subsequently cleaned in a froth treatment process plant. Bitumen is
currently sold in two principal forms: either as bitumen blend or as
synthetic crude oil. Bitumen blend is generally priced like conventional
heavy oil whereas synthetic crude oil, depending on the level of upgrading
it has undergone, is similar to and generally priced like conventional
medium to light oil.
One such company up for serious consideration would be UTS Energy
Corporation (TSX: UTS) which is focused on delivering shareholder value from
the sustainable development of its oil sands assets, principally the Fort
Hills Project. It located in the Athabasca oil sands region approximately
90 kilometres north of Fort McMurray, Alberta, and the Project is one of
the last major undeveloped oil sands mining resources. It is an advanced
project with regulatory approval for the production of up to 190,000
barrels per day of bitumen.
Now, if your interest lies in metals, then Uranium One Inc. (TSX: UUU) is a
company engaged in the exploration and development of uranium resource
properties in South Africa, Kazakhstan, Australia, Canada and the United
States. The Corporation's principal assets are the Akdala Uranium Mine in
Kazakhstan, which is currently in operation and the Dominion Reefs Uranium
Mine in South Africa, which has commenced processing of ore from
underground. Uranium One is also developing the South Inkai and Kharasan
Uranium Projects in Kazakhstan, as well as the Honeymoon Uranium Project in
South Australia. The Corporation is engaged in uranium exploration
activities in the Athabasca Basin of Saskatchewan, the United States, South
Africa, Australia and in the Kyrgyz Republic.
Shareholders in Uranium One are also exposed to the gold sector through the
Corporation's majority-owned investment in Aflease Gold Limited. Aflease
Gold is a separately listed company on the JSE Limited (Johannesburg stock
exchange) that is advancing its Modder East Gold Project towards production
in 2009.
And lastly, one other oil company that you may want focus on would be
Forest Gate Resources Inc. (TSX-V: FGT), together with its Celtic Sea
partners, reports that the appraisal well 50/11-3 on its Hook Head field
shows a significant oil accumulation and a high quality reservoir. Success
in Hook Head field has broad economic upside potential for the consortium.
A successful flow of oil from Hook Head would justify the economic
development of five additional reservoirs jointly owned by the consortium
in the Celtic Sea basin. For example, Dunmore at only 20km away from Hook
Head and Helvick only 40km away, both have flowing oil discoveries.
At the end of June 30, 2007, there were 434 oil & gas companies with a
total market capitalization of $544.9 billion listed on Toronto Stock
Exchange and TSX Venture Exchange. Oil & gas companies continue to raise
equity on our exchanges with $5.56 billion raised in the first half of
2007, and $10.5 billion raised in 2006. Over 10 billion oil & gas shares,
valued at $169.2 billion, traded on Toronto Stock Exchange and TSX Venture
Exchange in the first half of 2007.
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registered investment advisor. No information accessed through the Maybach
Web site or this release constitutes a recommendation to buy, sell or hold
any security in any jurisdiction. Please consult a broker before purchasing
or selling any securities viewed on or mentioned herein. There is no
financial relationship that exists between the issuer of this release and
the company whose stock is mentioned in the release. Please view the
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Statements made in this release may include forward-looking statements and
projections, made in reliance on the safe harbour provisions of the Private
Securities Litigation Reform Act of 1995. Maybach has made every reasonable
effort to ensure that the information and assumptions on which these
statements and projections are based are current, reasonable, and complete.
However, a variety of factors could cause actual results to differ
materially from the projections, anticipated results or other expectations
expressed in this release. Maybach makes these statements and projections
in good faith, neither Maybach nor its management can guarantee that the
transactions will be consummated or that anticipated future results will be
achieved. All material herein was based upon information believed to be
reliable. The information contained herein is not guaranteed by Maybach to
be accurate, and should not be considered to be all-inclusive. The
companies that are discussed in this opinion have not approved the
statements made in this opinion. Maybach assumes no obligation to publicly
update or revise any forward-looking statements made herein or any other
forward-looking statements made by Maybach, whether as a result of new
information, future events, or otherwise.
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