Stocks to Watch: Bancroft Uranium Inc (OTC BB: BCFT), South Texas Oil Company (Nasdaq: STXX), Earth Biofuels, Inc. (OTC BB:EBOF) , Kentucky USA Energy, Inc. (OTC BB: KYUS.OB), Baseline Oil & Gas Corp. (OTC BB: BOGA)
Featured Stock: Bancroft Uranium Inc
(OTC BB: BCFT)
Current Price (0.85)
http://www.smallcapstockanalyst.com/
Analyst Reports Market Capitalization Could Approach $90 to 92 million, or $2.00 Per Share
Scottsdale AZ, May 27, 2008 ---- Bancroft Uranium Inc. (OTCBB: BCFT) (“Bancroft” or the “Company”) today wishes to announce that Francis Gaskins of IPODesktop.com has issued an independent third party analyst report on the Company. Based on the report's growth assumptions, Francis Gaskins believes the market capitalization could approach $90 to 92 million, or $2.00 per share. The public is free to review this report at http://www.gaskinsco.com/linkto-bcft.shtml
About Francis Gaskins:
“Francis Gaskins, a seasoned financial analyst, is noted as the Internet's most experienced, analytical web cast producer and interviewer. Often quoted, his scope of influence includes editor (IPOdesktop), Talk Radio, Internet TV, and Video Productions, plus numerous articles and opinions published in the nation's financial media.
As the IPO Desktop editor, Gaskins is one of the leading provider of independent IPO research for professional money managers and individual investors. One of “Forbes Best IPO Sites”, he is widely quoted by the IPO media including the Wall Street Journal, Dow Jones Business News, Dow Jones Newswires, Reuters, USA Today, TheStreet.com, CBS MarketWatch. IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, MarketWatch, Reuters, USATODAY, and others.
IPO Hardball!, the weekly podcast, is hosted by Gaskins at Streetiq.com. Gaskins himself often appears as a guest IPO commentator for CNBC and Bloomberg Television. On the internet, Gaskins is Co-host for the weekly IPO Hardball! Internet radio show, also broadcast from CBS Marketwatch. Mr. Gaskins holds a Harvard University Master of Business Administration (Finance) and from Princton, a degree in Economics. He has extensive experience in sales, marketing, pre-IPO financial analysis and valuations, fund raising, forecasting and budgeting, strategic modeling, general ledger and preparation of financial statements and market research.”
ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)
Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft’s initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
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P. L. Hammond, C.A.
President and Chief Executive Officer
To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our website at www.bancrofturanium.com
Public and Media Information: 1-877-544-7336
Shareholder and Investor Information: 1-866-860-2995
Source: Bancroft Uranium Inc.
For an in-depth analyst report, please visit: http://www.smallcapstockanalyst.com/
South Texas Oil Company
(Nasdaq: STXX)
Current Price (5.51)
www.SmallCapStockAnalyst.com
AUSTIN, Texas, May 22 -- South Texas Oil Company ("the Company") (Nasdaq: STXX - News) today announced that on May 15, 2008 it settled a lawsuit and counter lawsuit between Leexus Oil & Gas, LLP, Mark Jaehne, and Bennie Jaehne regarding disputes arising under a previously reported Agreement and Plan of Merger, which Merger Agreement was executed by the parties on April 20, 2007. The Merger Agreement called for payment by South Texas Oil Company of $4,000,000 over time based upon a percentage of the production of certain oil and gas interests acquired by the Company under the Merger Agreement, plus the issuance of 1,333,333 shares of the Company's common stock to the Jaehnes at closing. With this settlement, South Texas Oil Company has no lawsuits or claims pending by or against the Company arising out of the Merger Agreement. Austin-based South Texas Oil Company acquires, explores and exploits predominantly oil-bearing formations in its core operating areas in south-central and southwest Texas, and in the DJ Basin of northeast Colorado. The Company has a high-working-interest inventory of drillable locations within its operating areas. The Company anticipates investing growth capital in both its Texas assets as well as its DJ Basin properties in Colorado. Two Company-owned rigs will be utilized to help develop the Company's successful Bastrop core operating area as well as other assets in the South Texas portfolio. The Company currently is evaluating existing wellbores in the Giddings Field for re-entry possibilities that can enhance production and estimated ultimate recoveries. The Company is also evaluating infill drilling locations in Kyote and Bigfoot Fields.
Earth Biofuels, Inc.
(OTC BB:EBOF)
Current Price (0.04)
www.SmallCapStockAnalyst.com
DALLAS--May 23--Earth Biofuels, Inc. (OTCBB: EBOF - News) today announced that its subsidiary, Applied LNG Technologies, LLC (“ALT”) has renewed its contract to provide the City of Long Beach, California with liquefied natural gas.The City of Long Beach utilizes liquefied natural gas (“LNG”) as transportation fuel for its municipal fleet of approximately 200 natural gas-powered vehicles. The City currently uses approximately 10,000 gallons of LNG per week. Earth Biofuels, Inc. engages in the production, distribution, and sale of renewable fuels consisting of biodiesel, ethanol, and liquid natural gas, with a focus on biodiesel fuel, in the United States. It produces pure biodiesel fuel (B100) through the utilization of vegetable oils, such as soy and canola oil as raw material for sale directly to wholesale distributors; and as a blend stock to make B20 biodiesel primarily in Oklahoma and Texas. Earth Biofuels distributes petroleum/biodiesel blended fuel, such as B20 through wholesale distributors, truck stops, and fueling stations. The company also produces and distributes liquefied natural gas for municipal and commercial fleet customers primarily in Arizona and California, through its subsidiary, Earth LNG, Inc. In addition, Earth Biofuels has the exclusive license to sell and distribute BioWillie-branded biofuels. The company is headquartered in Dallas, Texas. Earth Biofuels, Inc. operates as a subsidiary of Apollo Resources International, Inc. On 11 July, 2007, an involuntary petition to liquidate under Chapter 7 is filed against Earth Biofuels, Inc in the US Bankruptcy Court for the District of Delaware.
Kentucky USA Energy, Inc.
(OTC BB: KYUS.OB)
Current Price (4.07)
www.SmallCapStockAnalyst.com
LONDON, Ky.--May 21--Kentucky USA Energy, Inc. (OTCBB: KYUS - News), a natural gas exploration and production company, announced today that the Company has staked out 5 locations for initial wells in the New Albany Shale on its 2200 acre leasehold located in the western Kentucky region. Recent data analysis has identified several drilling prospects, and the Company plans to drill these initial wells to a total depth of 3,000 feet or to a depth sufficient to adequately test the base of the New Albany Shale formation. The 5 locations are as follows: Headquartered in London, KY, Kentucky USA Energy, Inc. engages in the acquisition, exploration, and development of oil and natural gas resource properties, with a primary focus on shale gas in the Illinois Basin in Western Kentucky. The company is a growing independent energy company with the experience and technological expertise to develop the plentiful gas resources of the Illinois Basin’s New Albany Shale.
Baseline Oil & Gas Corp.
(OTC BB: BOGA)
Current Price (0.44)
www.SmallCapStockAnalyst.com
HOUSTON, May 22, 2008 -- Baseline Oil & Gas Corp. (OTC BB:BOGA.OB - News) (``Baseline'', or the ``Company'') announced today the establishment of initial production from the first well drilled as part of its 2008 development program. The East Blessing #4 well was drilled in April to a depth just below 12,000 feet and was subsequently completed and tested in May. This well is currently producing 2,250 mcfpd and 120 bopd, with a flowing tubing pressure of 4200 psi. This is the first of 6 wells anticipated to be drilled by Baseline in Blessing field this year. The Company is currently drilling a second Blessing well, Southeast Blessing #3, and has reached a depth of 9,000 feet en route to a planned vertical depth of approximately 12,000 feet. Baseline Oil & Gas Corp., an independent oil and natural gas company, engages in the exploration, production, development, acquisition, and exploitation of natural gas and crude oil properties onshore in the United States. The company owns working interests in approximately 5,231 net acres in the Eliasville Field located in Stephens County in North Texas; the Blessing Field in Matagorda County located onshore along the Texas Gulf Coast; and the New Albany Shale play covering approximately 32,340 net surface acres in Southern Indiana. As of December 31, 2007, it had 69.7 Bcfe of proved reserves. The company was founded in 2004 and is headquartered in Houston, Texas.
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