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Fox Petroleum Anticipates Immediate Production, Maintains 'Speculative Buy/4' Rating And $5.40 Target Price, According To Investrend Research Affiliate SISM Research

Posted on: Wednesday, 24 October 2007, 09:00 CDT

(Investrend Research Syndicate) In a research update dated October 23, 2007, Ernest C. Schlotter, a senior analyst with SISM Research and a StarMine four-star analyst, has reiterated his "Speculative Buy/4" rating and 12-month target price of $5.40 for Fox Petroleum Inc. (OTCBB: FXPE).

Fox Petroleum is a small, early-stage oil and gas company actively engaged in the exploration and production of oil and natural gas in Alaska, Texas and the North Sea in the UK.

The full SISM report on FXPE, including important disclosures, disclaimers and analyst qualifications is available at http://www.sism.com and http://www.investrendresearch.com, or may be directly accessed via this link: http://investrend.com/Admin/Topics/Articles/Resources/ 697_1193179838.pdf. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.

(Due to its length, the URL above may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

According to SISM analyst Schlotter:

"The Company recently announced its participation in a low-risk drilling/re-entry venture to a total depth of 22,830 feet +/-. whereas Fox Petroleum secured a 22.5% Working Interest in the Spears Gas Unit 2, Well #1, which was drilled and completed in the Ellenburger formation in 1974 and has already produced 23 Bcf of natural gas. Current production rates are low, but several remedial procedures are available to increment production to 3,000 Mcf/d or greater. Projected reserves from this wellbore are estimated to be 16.7 Bcf.

"During the last three months, Fox Petroleum Inc. has been very busy with its operations and development programs in the prolific North Sea and Alaska regions. The North Sea has seen a renaissance in drilling activities and the years 2005-2006 were the highest on record since 1998, with more than one hundred spuds occurring. An average of 41 million barrels equivalent per successful well were found with a success rate of 41% through wildcat exploration.

"Most notably, finding costs were approx. $1.30 per barrel of oil. Nexen Inc. recently made a discovery in the Yeoman Prospect, which is adjacent to Fox's Anglesey Prospect. Fox is in the completion stage of its technical analysis from recent seismic work done on the 37,000-acre Anglesey Prospect and could subsequently earn an additional 27% WI in the play. Fox is establishing a work program for the area to be carried out in the near future. Drilling the first test well should occur during mid to late 2008, subject to partners' approval and rig availability.

"In Alaska, the Company is currently completing the seismic technical analysis and Fox believes to have a preliminary drill program for its East Prudhoe Bay Unit available by late 2007.

"Just recently, Fox announced its participation in the drilling/re-entry work in the Gomez Field, in Pecos County, Texas."

Analyst Schlotter concluded:

"The next twelve months are going to be very exciting for the Company. The technical analysis and processing of the seismic work on the Anglesey and East Prudhoe Bay Unit Prospects necessary to find structures and to define the drilling locations should be completed during the next two months. In addition, the low-risk re-entry venture in Texas could pay-off quickly, and if successful, this result should be known before year end."

SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM Research writes, publishes and distributes research coverage on micro- to small-cap public companies trading on the OTC, NASDAQ and AMEX. This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall and Investext, Reuters Multex, Knobias and Investrend.

Both SISM Research and Investrend Research subscribe to the exacting "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com, as well as the CFA-NIRI Guidelines at http://www.cfainstitute.org . SISM's Research platform is also executed in accordance with Guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf.

SISM Research will be paid $1,750 per month by the company over a two-year period solely to ensure independent coverage. SISM and Investrend Research take steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage.

Complete information about this company is available at the company's InvestorPower page accessible from http://www.investrend.com/company/list.asp?sPathParam=yes, and the full report is available at http://www.sism.com and http://www.investrendresearch.com. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.

Anyone interested in receiving alerts regarding Fox Petroleum research should email contact@investrend.com or info@sism.com with "FXPE" in the subject line, or click on http://www.investrend.com/contact.asp.

Forward-Looking Statements: Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.

Source: Business Wire

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