The company has some properties with HUGE potential, but the reason I love the company is because Natural Gas prices are exploding. Since early September natural gas has exploded from $2.00 to almost $4.00 a MMBTU. This is roughly a gain of around 100%.http://www.wtrg.com/daily/oilandgasspot.html <http://click.icptrack.com/icp/relay.php?r=1025199919&msgid=1866365&act=EKYI&c=412887&admin=0&destination=http%3A%2F%2Fwww.wtrg.com%2Fdaily%2Foilandgasspot.html> I have spent the last week researching BLUG and most major analysts feel this natural gas trend could continue.
Blugrass Energy Inc. (BLUG) is an oil and gas development and exploration company that is primarily focused on growing through internally generated and developed prospects, participation with industry partners in oil and gas exploration and also with targeted joint ventures. The company's objective is to identify and then develop oil and gas properties that have low geological risk.
The strategy used by Blugrass is built around securing assets within known producing areas that offer opportunities to use historical results as a guideline, but allow the leveraging of today's science and technology to optimize reserve recovery. The company's initial acreage purchase will allow it to secure over 500,000 Bbls of oil and 1.5 Bcf of natural gas in proven reserves.
The company has begun securing leases in Breathitt and Magoffin Counties in Kentucky. Historically, both counties have had solid production histories. The acreage held by Bluegrass in Breathitt County lies on the Eastern edge of the largest producing oil field in the Eastern Unites States, the Big Sinking Oil field. To date, the oil field has produced more than 120 million barrels of oil.
The acreage being secured in Magoffin County, Kentucky holds the opportunity to produce both natural gas and oil. Two different public utilities have already laid pipelines to the areas of BEI's leasehold positions. Within the company's targeted areas, oil and natural gas have been produced from the Big Lime, the 3 known lenses of the Weir, the 3 different zones of the Coniferous, the Devonian Shale, and the Black River.
We will have more coming tonight and tomorrow on BLUG. We wanted to get the symbol out to all of our members so that you all can start your own research. Our success with this newsletter is not indicative of future results. Remember to always supplement this newsletter with extensive research as penny stocks are extremely speculative and carry a high degree of risk. There is always a possibility that you could lose your entire investment. Make sure to consult a professional before you invest your money anywhere.
Make sure to check out http://www.blugrassenergy.com/ <http://click.icptrack.com/icp/relay.php?r=1025199919&msgid=1866365&act=EKYI&c=412887&admin=0&destination=http%3A%2F%2Fwww.blugrassenergy.com%2F> andhttp://finance.yahoo.com/q?s=BLUG.OB <http://click.icptrack.com/icp/relay.php?r=1025199919&msgid=1866365&act=EKYI&c=412887&admin=0&destination=http%3A%2F%2Ffinance.yahoo.com%2Fq%3Fs%3DBLUG.OB>
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