Octagon 88 Resources Acquires Extensive Portfolio of Oil Leases
“Octagon 88 Resources Has Acquired an Extensive Portfolio of Oil Leases in Peace River, Canada, with Long-Term Significant Development Opportunities” – SISM Research Initiates Coverage on Octagon 88 Resources, Inc
Las Vegas, NV (PRWEB) March 09, 2013
Originally published February 20, 2013: Ernst C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to StarMine, has initiated coverage on Octagon 88 Resources, Inc. in a nine-page report dated February 8, 2013, which includes an overview and asset valuation on its direct and indirect ownership in four different geological projects in Peace River, projects with different models for development.
“In a very short period of time, Octagon 88 Resources Inc. has built an impressive portfolio of conventional and unconventional leaseholds with intent to become a producing oil company soon. Octagon´s projects are multi-phase, scalable with projected lower capital costs, quicker timelines to production and as a direct result will benefit shareholders with a quicker return on capital invested. Projects include conventional light sweet oil developments with quick cash netbacks and unconventional long-term heavy oil assets with blue-sky potential of several billions of barrels exploration and developments. Our risk-adjusted appraised net worth is currently at $12.18 per share with additional significant upside potential when the planned development program is successfully executed.”
-Ernst Schlotter, SISM Research
The full report includes important disclosures, disclaimer, and analyst information. SISM Research advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. SISM Research further advice, that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor´s total investigative process.”
A complimentary copy of the report, which includes important disclosures, disclaimers and analyst´s qualifications, is available for download via the SISM Research Website.
About SISM Research
SISM Research is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium takes steps to ensure the independence and integrity of SISM´s published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting “Standards for Independent Research Providers”, which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission´s Advisory Committee on Smaller Public Companies.
This press release contains forward-looking statements concerning future events and the Company’s growth and business strategy. Words such as “expects,” “will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Forward looking statements in this press release include statements about our drilling development program. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the timing and results of our 2013 drilling and development plan. Additional factors include increased expenses or unanticipated difficulties in drilling wells, actual production being less than our development tests, changes in the Company’s business; competitive factors in the market(s) in which the Company operates; risks associated with oil and gas operations in the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission including the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/3/prweb10475199.htm