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BROE is an independent oil and gas exploration and development
company with assets in the prolific oil producing region
of
North Texas and a significant acreage position along the
Texas Gulf Coast. Go to these two links to learn more
about BROE's areas of operations:
http://www.baronenergy.com/Green_lease.html /
http://www.baronenergy.com/starr_county.html
BROEs strategy is to grow its asset base through low-risk
exploitation and development and higher risk exploration
of its existing
South Texas properties and acreage. This will be
supplemented with opportunistic acquisitions of
underdeveloped properties that complement its existing
portfolio.
BROE intends to actively manage its drilling program to
increase oil and gas reserves and production while
keeping its finding and development costs and operating
costs competitive.
BROE intends to focus on exploitation of its
South Texas properties through joint ventures. In 2009
and beyond the company will continue exploiting low-risk
opportunities on its existing acreage positions, and
gradually increasing its focus on exploratory
opportunities, by applying technology and capital to
untested zones with significant upside.
BROE currently has a market cap of only $10 mm and looks like
it could head higher so add it to your oil stocks radar
immediately!
BROE is a very fresh and new issue but we think is very under
the investment community's radar right now and could
become a big momentum oil play in the near future so
keep an eye out for any updates from the company in the
near future.
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