Investment Idea: Kodiak Energy [KDNN]
40 billion barrels, almost in our own back yard!
AS the U.S. Continues to Bar Drilling on Alaska's North Slope,
One U.S. Energy Company, has already "Snuck in the Back Door!"
Buy Kodiak Energy (OTCBB: KDKN) now below $3
and look for $6-$9 overnight when Wall Street wakes up to what's really going on.
Alaska's northern slope contains America's last major un-tapped oil reserve. According to some estimates there's more oil there than in Prudhoe Bay. But for decades, environmentalists have pointed to vast herds of migrating caribou and said. . ."No way! No oil wells, no pipelines in this back yard!"
But, you might want to do yourself a favor and get out a map. Check out Alaska's eastern boundary with Canada and you'll realize something very interesting.
Alaska's oil-rich northern slope (off limits because of caribou herds) is contiguous with Canada's (geologically similar) Mackenzie Delta Province, a triangle of frozen land that lies south of a vast, icy, mostly-unexplored deep-water ocean. Here's what's significant about that -- an energy-trained geologist, comparing seismic maps of Alaska's oil-rich northern slope and the Mackenzie Delta, would find many areas with almost identical stratification.
What a difference a foot makes!
You see, millions of years ago, when nature laid down the vast pockets of oil and gas there were no national boundaries. The geological formations that characterize both Alaska's northern slope and Canada's Mackenzie Delta Province show startling similarities. If there's oil on the Alaska side of the border. . . there should be oil in the other.
And if fact, that's the case!
The environmentalists have been making a high-decibel fuss about Alaska's caribou range for decades. But apparently they didn't much care what happened across the border.
And here's something else that's interesting: the U.S. Government, the very same folks who enforce the no-exploration ban in Alaska's wilderness reserve has actually been encouraging exploration just the other side of the border.
James L. Rapholz
B.A.M.S. Economics
Economic Advice
Our 2006 Stock Picks on Gold, Silver, Natural Gas, Oil and Coal WERE UP 192.41%!
Company:
Kodiak Energy
Symbol:
KDKN
The U.S. Government was quietly telling small American exploration-stage oil companies. . .
"it's okay to drill in their back yard."
That's right, the U.S. can't allow exploration in Alaska's oil-rich north slope.
But step just across the border and it's a whole other ball game! The U.S. Geological Survey has actually encouraging aggressive exploration of the geologically similar Mackenzie Delta Province.
In 2004 the U.S. Department of the Interior Published an Assessment of Undiscovered Oil and Gas resources of the Mackenzie Delta Province, North America in which it basically says this is one of the last remaining unexplored frontiers of the petroleum world.
One small, exploration-stage company, Kodiak Energy (OTCBB: KDKN), had the good sense to act on the U.S. Government's report.
And guess what? Now that crude is north of $65 a barrel, it seems there's a whole lot more oil on Mackenzie Delta side of the border in the Little Chicago area than most people thought was worth bothering with back when crude was selling for $17 a barrel.
While the energy giants were obsessed with staking their claims in Canada's high-profile oil sands, Kodiak Energy (OTCBB: KDKN) staked its claim in a previously-documented area of the Mackenzie Delta known as the Little Chicago.
Now, thanks in part to the 2004 USGS World Energy Assessment Project Kodiak Energy is sitting on oil reserves that some credible estimates put as high as. . .
40 billion barrels!
Yes, that's 40 billion, with a "B" which would equal about 15% of all the oil in Saudi Arabia! Think what confirmation of that much oil will do to the $3 stock of Kodiak Energy (OTCBB: KDKN)!
I believe it's about to pay off big time. Buy Kodiak Energy (OTCBB: KDKN) now at less than $3 and look for $9 to $12 almost over night when its latest seismic reports are released to the public.
The story of how Kodiak Energy, a small, exploration-stage company has managed to land itself the rights to what may well prove to be the biggest single oil find ever in north America is absolutely fascinating.
So is the official U.S Geological Survey Assessment that basically encouraged Kodiak Energy, an American Corporation to "step across the border" and go right ahead and "drill in their back yard.
I'll reveal what's in the U.S. Government Assessment, and you can get the entire, incredible story of how Kodiak Energy pulled off the energy coup of all time if you follow the link below.
But don't wait, I don't know when the report on recent seismic testing will be released that could send this less-than-$3 stock flying to $12 . . $25. . . maybe down the road even to $60!
For all the details. . .
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posted by Victor Lloyd Smith @ 11:03 PM
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