This stock could double,or triple overnight!

I urge you to move fast on one this one...before Wall Street finds out!

A little domestic energy upstart (with some very big talent) is poised to explode as the word spreads about its HUGE potential.

I've made Signature Exploration and Production my #1 oil and gas pick for 2010 (SXLP.OB) for very good reasons explained in this report. And after you've had reviewed the facts, I'm sure you'll understand why I'm so excited about Signature's prospects.

My name is Eric Dany and my subscribers have seen handsome gains on many of my energy picks-after recommending Suncor Energy it peaked with a 566% gain. I advised capturing 100% profits on Transocean and Wentworth Energy peaked with a terrific 1,000% explosion.

But I believe my latest oil and gas pick, Signature Exploration and Production is going to trounce them all. I urge you to take a few minutes to learn about this company's strategy and why it is my #1 pick!

Here's how you can profit by investing in Signature Exploration and Production!

Where to look for Cheap Oil & Gas (hint - it's not overseas)

In the 1970's the major producers virtually abandoned the good 'ole U.S.A.'s oil and gas fields for cheaper and easier to find foreign sources of supply. While they were scouring the globe an entire new breed of small oil and gas companies quietly took over our domestic oil and gas industry.

But now the majors are back and looking to re-purchase the same properties they previously abandoned. That's why Exxon recently paid $31 billion for XTO Energy--because it's is cheaper to buy existing properties than develop new projects.

The majors are coming back to the U.S because there's a lot of oil and gas still here. In fact, 2/3 of the oil and gas in the U.S. fields has been left behind. There's 337 billion barrels worth trillions of dollars ready to be recovered.

You see, by some estimates, 90% of the land-based wells in the U.S. are old "stripper" wells with huge recoverable reserves. Today's prices and cost-effective recovery technologies makes them valuable again.

That's great news for aggressive exploration companies like Signature that are rapidly acquiring and developing promising oil and gas properties at prices below the cost of developing new fields in remote and inhospitable regions of the world.

Grossly Undervalued

I spend a lot of time researching for undervalued companies and I believe Signature Exploration and Production is grossly undervalued. Here's why...

Signature is acquiring oil and gas leases and working interests in Texas, Kansas, New Mexico and Illinois. They have interests in more than 2,603 acres with aggressive plans to drill new wells and ramp up production.

You'll recall Exxon just paid $31 billion for XTO Energy. XTO owns 18,235 oil and gas wells. That works out to an average price of $1.7 million dollars per well.

Tiny Signature Exploration and Production has less than 10 million shares outstanding, so its market capitalization is about $6.5 million. It is being valued in the market at less than the average price of four of XTO's wells.

Although Signature is just getting started with their drilling program I believe they have excellent prospects to bring in several new wells into production this year, which could easily double, or triple the company's value.

Risk Managers-Not Wildcatters

The reason why I expect Signature to be very successful with their 2010 drill program because they aren't just drilling a hole in the ground. A dry hole has no return-zero payback. So, why drill in high-risk areas.

Signature would rather drill in areas of known production, which is where they have picked up their leases and intend to drill. They evaluate their future drilling plans by using state-of-the-art 3-D seismic technology to determine if-and how-future wells will fit in their overall property portfolio.

By balancing risk and returns, Signature is methodically developing a terrific geographically diversified portfolio of U.S. oil and gas properties.

Compelling Investor Opportunity

I believe Signature could easily become a $15 million dollar market cap company in a short period of time and a $25-30 million company within a year with just a little success in the oil patch.

A $15 million valuation would more than DOUBLE the stock's price to $1.52 per share, while a $28 million valuation would propel the best stock for 2011 to $2.84 a share and TRIPLE your investment.

Perhaps best of all, this exciting company is not yet followed by the Wall Street crowd. That means there's an opportunity for you to get in before the word gets out.

When Signature Exploration and Production first caught my eye, I was intrigued. But as I got deeper into the research, I was flat-out stunned! It's an amazing story...

You see, when nobody was looking, this savvy little energy company snagged leases and drilling rights to 2,603 acres in high potential oil and gas properties around the country.

The leases and drilling rights are in areas that were productive in the past, but over time the fields gradually became less productive, and virtually aban- doned. Since then nobody's been interested.

Nobody's interested―Wow! That's a perfect time to be buying HIGH POTENTIAL leases and interests in over-looked and abandoned properties. Just call it Cheap Oil and Gas!

It's similar to Exxon's thinking...XTO Energy = Cheap Oil and Gas!

Risk Managers―Not Wildcatters

But just picking up cheap oil and gas leases doesn't make an exploration company a winner. It takes management savvy and that's where I believe Signature has a significant advantage.

They are risk managers, not wildcatters. They are smart. They search out local experts to help determine the best prospects in the area and then they scoop up the best prospects...and this is important...in areas of known production.

They are also willing to spend the money for state-of-the-art 3-D seismic mapping to determine if-and how--future wells will fit into their overall property portfolio.

The result is they have focused on seven very promising leases and working interests in four states. Here are the details of their property portfolio.

Texas Properties

Signature has four prime prospects in Texas. Three are in the productive Gulf of Mexico coastal area and the fourth is in the Southwest corner of Young County, where wells have been producing since 1917 when Lindy Lou #1 came in.

Koliba Prospect

At Koliba, Signature has a 15% working interest of a well known as the Koliba Lease. The Koliba well prospect covers 143 acres over an anticlinal structure (target) that is located approximately 3.5 miles southwest of Bloomington, Texas. The Koliba Prospect lies in the North McFaddin Field, which, according to Texas Railroad Commission maps and records, hosts 87 productive oil and gas zones.

The company has identified 3 target zones at 5,880', 5,350', and 4,930' under the Koliba/Ensley lease. Texas Railroad Commission records indicate seven wells from these three target zones produced 390,426 bbls (barrels of oil) and 2,472,481 MCF (thousand cubic feet) of gas between 1962 to 1989.

Signature plans to drill a direct offset to the abandoned Koliba #1 well to 6,880 feet. This is a low risk/high reward prospect because of its proximity to the previous producing well and the potential for multiple pay sand discoveries.

Kenedy Prospect

Signature owns a 10% working interest with an option of 10% on addi- tional wells on this 980 acre prospect located in Kenedy County, Texas.

A 3-D seismic has been performed on this property and reviewed by Mr. Robert Bennett, a Geophysicist. Bennett has experience in this area and a solid track record of identifying successful prospects that have produced over 500,000 barrels of oil.

Bennett recommended two potential targets for drilling. The primary drill-ready prospect is a four way anticline with the potential of multiple pay sands with an estimated reserve of 20-50 Bcf (billion cubic feet). At a wellhead price of $6.00 Mcf and potential reserves of 30 Bcf this single well's production could be worth $180M.

Nettie Rhodes Prospect

At Nettie Rhodes Signature has acquired a 5% interest with an option for an additional 25% in a lease located in the Southwest corner of Young County, Texas and consists of 160 acres.

The lease is situated on the west flank of the Bend Arch. The Arch is bounded on the west by the Permian Basin and on the east by the Ft Worth geosyncline. The lease and subject area has had five producing wells with two selling both oil and gas.

The company intends to complete 3-D seismic studies and then drill a 4,500 foot test well across the southern part of the lease.

Welder Prospect

Signature has entered into a participation option agreement in a proposed acquisition of a HUGE 33,382-acre prospect.

Currently there are two producing wells on a nearby property of 81 acres. These wells are currently producing approximately 23 bbls of oil a day and approximately 100 Mcf of gas per day.

Kansas Property

Medicine River Prospect

Signature has entered into an Option Agreement to acquire a 50% work- ing interest in an 80-acre tract situated three miles east of the city of Kiowa, in southeast Barber County, Kansas.

There are two wells (Chieftain wells) located on the west side of prospect that are producing in excess of 115 barrels of oil per day and 150,000 CF of gas per day. Plans are to obtain a 3-D seismic of the property and potentially drill two off-setting wells to the Chieftain and VAL wells.

New Mexico Property

Signature acquired a lease of 1,320 acres in Catron County, NM.

In year 2007, over 1200 new wells were drilled in New Mexico. The state produced 1.6 trillion cubic feet of natural gas and 65.4 million barrels of crude oil.

The company plans to shoot several 3-D seismic maps on the property and analyze the results before commencing drilling.

Illinois Property

Illinois Reef Prospect

Signature has a letter agreement to acquire up to a 25% working interest in ten offset wells located Fayette and Macon Counties. Plans are to shoot 3-D seismic on acquired leases in conjunction with seismic option agreements in order to confirm subsurface structures. Confirmation of structures will potentially be followed by drilling. Targets range in depth from 2,000' to 4,000'.

Compelling Investor Opportunity

I believe Signature is a compelling opportunity because it is extremely undervalued when you consider the exciting prospects of their low-risk/high-potential growth strategy.

As I mentioned Signature is not a "wildcatter," foolishly spending capital on high-risk wells―ones that more often than not end up being nothing but a dry hole.

That's NOT Signature. No, not at all. Signature's management doesn't operate that way. They aren't going to go broke by recklessly spending the company's capital. They have a much better game plan.

They are aggressively accumulating a large portfolio of high potential oil and gas properties in areas of proven production. It's a well-thought out game plan and it's like a three-legged stool―a three pronged approach that balances risk and reward, while rapidly growing their business.

Here's what I see happening ahead: In the next few months, when investors begin to hear about Signature and their plans, the stock will begin a steady climb to $1.52, or more for an initial 134% gain.

Remember XTO Energy's average well was worth $1.7 million. So when the company successfully brings in a well, or two, I expect the stock to make another huge leap as it reaches $2.84 a share before year end.

At this point early investors will be looking at substantial profits and gains of 337%, or more.

I'm excited about Signature Exploration and production and hope you can see why I've made it my #1 oil and gas pick for 2010.

If you want to discover other high potential, undervalued (and many times undiscovered) opportunities like Signature Exploration and Production... top stocks for 2011 that are ripe for picking in today's market, then the Top Stock Prospector For 2011 can help you―just as it has helped others

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