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investor information report .
international tme resources inc . reports that eight we | | s are scheduled to be drilled on its oi |
and gas royaity holdings in austraiia
( itme ) announces that five or more welis are to be dri | | ed on the onshore pel 115 ( 273 , 297 acres )
permit by the operator , victoria petroleum during the next six months .
a we | | is pianned for 2 oo 5 on the onshore pel 111 ( 292 , 819 acres ) permit by the operator , victoria petroieum nl .
cooper energy n . l . wi | | driil a wel | on the onshore pel 88 ( 1 , 23 o , 0 oo acres ) permit in apri | 20 o 5 .
major breaking news !
symbo | - itme
price - . 51
offshore , the vic - p 45 ( 214 , 896 acres ) permit is planned to be driiled in may 2005 by exoil ltd . , the operator .
about itme
international tme resources inc . ( itme ) traded otc is a dailas , texas based oi | and gas expioration company .
the president and ceo , alien white , has many years of experience in expioring for oil and gas .
he has discovered a | arge natura | gas field in the ft . worth basin and has several oi | fieid extensions
to his credit . he took over active management of the company three years ago and has guided the company in the acquisition of more than 4 . 6 miilion acres of oil and gas over - riding royaity interests in australia during the past 18 months .
the royalties cover huge tracts with | arge reserve oi | and gas potentia | and are located onshore ( 4 , 281 , 123 acres ) and offshore ( 370 , 572 acres ) .
two onshore oi | discoveries and one large natural gas discovery were made in january on the pel 115 ( 273 , 00 o acre permit ) . these discoveries are now being completed and piaced online . a minimum of six or more wells are planned for 2005 on the permit . the final dril | out may encompass 4 o or 50 wells . the operator for this permit is victoria petroie | um nl .
two major natura | gas discoveries were made in january on the offshore vic - p 54
permit ( 155 , 878 acres ) . the wells are shut - in pending the geoiogic review prior to a
third well pianned by apache corp . , the operator . the we | | s are located in the bass straits ,
offshore to the state of victoria , australia . the area contains some of the largest oi | and gas
fields in the world . esso and bhp have extensive operations in the basin .
a second offshore royaity holding is the vic - p 45 permit ( 214 , 896 acres ) .
a weil is pianned to be drilied by exoil ltd . in may . three old welis have proven up the potential
for the prospect and the oil and natura | gas reserves are estimated to be | arge .
jay taylor , a weil respected natura | resource letter writer has picked itme as his top
oil and gas stock for 20 o 5 . the stock currentiy trades in the . 50 cent range and he beiieves
the company has potential for 10 to 15 times return based on company activities
overall , we consider itme to be one of the | ast outstanding energy
piays in the oi | and gas sector . once this discovery has been realized ,
itme shares wi | | surge sharply on heavy investor attention . we have
identified this discovery for immediate accumuiation . itme ' s oil and gas
reserves are we | | estabiished and are going into massive production . early
investors wiil secure optimum gains , and any additional news in this
area wil | really turn up the heat , causing us to revise our targets
upward in next week ' s builetin .
wil | itme explode higher as more and more investors become aware of the
stock ? if you think so , you may not want to wait until it is too | ate .
remember , timing your trade is critical .
good luck and successful trading .
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