December 23, 2010 (Investorideas.com energy newswire) - Energy Report from Karl Miller

Morning Market Update: Chesapeake Energy (NYSE: CHK) with price now above $25.60/share in morning trading, stock looks like and "extremely attractive short sale" at these inflated levels. Since November 30, 2010 CHK shares have risen over 21%, well ahead of the Company's ability to generate cash flow per share in 2011 and 2012 given capital expenditure commitments, leasehold obligations, and capped prices due to forward sales through volumetric production payments (VPP's).

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Read more: Karl Miller Morning Market Update on Chesapeake Energy (NYSE: CHK)

Passport Signs Agreement for Hardy Bakken Field in Saskatchewan

Passport Energy Ltd. (PPO - CNSX), is pleased to announce that it has signed a letter of intent (the "LOI") allowing it to farmin on up to two wells and associated acreage in the Hardy Bakken Field in southeastern Saskatchewan. The Company can earn a 25% interest (subject to applicable royalties) in the new wells by paying 38.5% of the drilling costs associated with each well and fulfilling other obligations. The first well must be commenced by February 1, 2011 and the second well by March 31, 2011 or such other date as may be mutually agreed. The remaining costs will be shared by two partners - American Eagle Energy Inc. and Eternal Energy Corp. - focused on Bakken oil and gas projects within the Williston Basin.

Read more: Passport Energy Ltd ( PPO )

Energy Commentary from Karl Miller - Read Bio and More info Subscribe: Investorideas.com Energy Newswire: http://www.investorideas.com/RSS/feeds/Energy.xml

 

December 22, 2010 (Investorideas.com energy newswire) - CHK is fully priced with speculative valuation embedded into the stock price following the announcement that Carl Icahn has taken a 5.8% stake in the Company.

Mr. Miller is a longtime advocate and supporter of CHK and has published many long term favorable opinions on the Company and its operations, due primarily to management's ability to execute on attracting large capital partners to offset substantial capital production cost and structure volumetric production payments (VPP's) on natural gas production.

Read more: Energy Market Update: Chesapeake Energy (NYSE: CHK) Fully Priced At $25/Share

Ivanhoe Energy announces significant natural gas discovery at Yixin-2 well on Zitong Block in China

Initial flow rates of up to 13 million cubic feet per day recorded

David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN), Robert Friedland, Co-Chairman of Ivanhoe Energy's China-focused subsidiary, Sunwing Energy Ltd., and Gerry Moench, President of Sunwing, today announced a significant gas discovery at Sunwing's Yixin-2 well in Southwest China.

Gas from the well flowed at rates of up to 13 million cubic feet per day, and averaged 9 to 10 million cubic feet per day during the initial 24-hour test period. Gas is flowing from the Xu-4 Formation, a well established gas-producing formation in the region.

Read more: Ivanhoe Energy Inc ( IE / IVAN )

Vancouver, B.C.  December 16, 2010 (Investorideas.com Energy Stocks Newswire)  Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. (TSX-V: TAO), announced today that the Company has completed the acquisition of a 20% interest in offshore exploration Permit PEP 52181, which covers a 42,379-acre area in the main Taranaki oil and gas discovery fairway.

 

PEP 52181, operated by a subsidiary of Australian-based Roc Oil Limited, is located just 8 km from shore and is in close proximity to existing infrastructure, making commercialization in the event of discovery efficient and cost effective.

Read more: Energy Stocks News; TAG Oil (TSX-V: TAO) Acquires Offshore Exploration Acreage, Taranaki Basin,...