Stock Market Alerts' performance stock list includes: USA Superior Energy Holdings, Inc. (OTCBB: USSU), Diamond Offshore Drilling, Inc. (NYSE: DO), Peabody Energy (NYSE: BTU), Sierra Pacific Resources (NYSE: SRP)
USA Superior Energy Holdings, Inc. (OTCBB: USSU) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, focused on applying new technologies to oil and gas fields as well as other industries, issued a press release Wednesday after the markets closed, announcing that it has acquired a 303 acre lease, called the "Rust Lease", in Zavalla County, Texas. The Company expects to begin drilling the first of 4 wells, with 20 to 40 acre, spacing within the next 6 months. The depth of drilling at the desired pay zone is 3,500 to 4,200 feet.
Great news for USSU investors! Geochemical Exploration Services, Inc completed a geochemical survey over Rust Lease. They presented a color contour analysis of the lease that showed a good or excellent hydrocarbon reading.
"These are very strong values and some of the strongest seen in the 100+ surveys we have done in Zavalla County area over the past 15 years." said John Sandy Chief Geologist of Geochemical Exploration Services, Inc.
This is certainly another company for investors to watch closely! Recently there has been another press release issued that should excite the company's investors. On Monday, the company announced that it has just received third party analysis of its Bateman Field, which consists of 960 acres of a total acquisition of 1212 acres in eastern Texas. According to the press release, the reserves evaluation of the Bateman field was in regard to the PDP, or proved developed producing reserves that yielded over a $6 million value. The Bateman Field consists of 54 wells out of the recently purchased 88 well package. Cathedral Resources has stated in their report that there has been only a "6% recovery of oil in place." Based on this analysis, 94% of the oil remains in the reservoir in the Bateman Field. Cathedral further states that the "un-discounted net present value (NPV) of the field is $6.31 million." The release states that, yet to be evaluated is the PUD, or proven but undeveloped reserves. The PUD results will enhance the field, as this data will show additional reserve value.
USA Superior Energy Holdings, Inc. is a company focusing on applying new technologies to oil and gas fields as well as other industries. USA Superior is composed of a team of experts in their field, highly qualified with over 200 man-years of oil and gas field experience; from finding to drilling, well completion to operations and production, to problem solving, seasoned with success. Environmentally concerned and responsible, responsive to project needs and specializing in special projects, USA Superior Energy's focus has been on developing and utilizing complimentary technologies; Nitrogen (N2) and cased hole horizontal drilling. USA Superior will seek to use these technologies independently or in combination to exploit business opportunities.
Nitrogen (N2) is used to force oil out of reservoirs. It can be applied to existing reservoirs and wellbores, thus minimizing the risk of finding oil and gas. Cased Hole Horizontal Drilling (CHHD) is a new emerging technology that can significantly increase the "communication" from the wellbore to the fluids in the reservoir. With the current price environment, many existing marginal wells can be rejuvenated into very profitable wells.
Before the news was released, USSU stock closed Wednesday at Ninety Eight cents a share.
For Stock Market Alert's in-depth profile of USA Superior Energy, visit http://www.WallStreetENews.com/HotStocks/USSU050207/default.aspx.
Other Stocks of interest yesterday were:
Diamond Offshore Drilling, Inc. (NYSE: DO) up 0.9% on 2.4 million shares traded. Diamond Offshore provides contract drilling services to the energy industry around the globe and is a leader in deepwater drilling.
Peabody Energy (NYSE: BTU) up 2.7% on 4.2 million shares traded. Peabody Energy is the world's largest private-sector coal companies.
Sierra Pacific Resources (NYSE: SRP) up 0.5% on 1.7 million shares traded. Sierra Pacific Resources is a holding company whose principal subsidiaries are Nevada Power Company, the electric utility for most of southern Nevada, and Sierra Pacific Power Company, the electric utility for most of northern Nevada and the Lake Tahoe area of California. Sierra Pacific Power Company also distributes natural gas in the Reno-Sparks area of northern Nevada.
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for USA Superior Energy Holdings, Inc. (OTCBB: USSU). The compensation was fourteen thousand dollars in 2007 from third party, Alex Consulting Inc, who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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