[Wolfdev-Momentum] Did you make_400 return last week,GDNO?
LYNDON SHONTS
lyndonsjonj50709@hotmail.com
Tue, 14 Sep 2004 23:56:59 +0000
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<B><FONT color="#FF0000" size=5 face="Time New Roman">New York Investor Weekly News</FONT></B></TD>
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<p align="center"><font face="Arial" size="4" ><b><font color="#003399">Oil Stock Pick - Prepares to make Oil Strike This Week<br><br>
<font color=#336600>GOLDEN OPPORTUNITY RESOURCES (OTC: GDNO.PK)</font></font><br><br>
<font color="#003399">To start drilling to 6,000 Feet from
<br>Five Commercial Grade Oil Bearing Zones</font><br><br>
<font color="#FF0000">Neighbouring Wells Produce 110 Million Barrels to Date</font><br>
<br>
<font color="#009933">There is a high probability that</font><br>
<font color="#003399">Golden Opportunity Resources
will strike oil </font><br><br>
<font color="#9933CC">when its scheduled drilling program<br>
begins in the days ahead.</font> </b></font>
<p><font size="2" face="Arial">Big Snowy Resources LP, Golden Opportunity's project operator and 50/50 joint venture partner, informed the Company that it will drill a well located 6,000 feet northwest of the Boler 1-23 well, which recently intersected significant amounts of oil and gas. <br><br>Schlumberger Oil field Services Inc. Completed two log reports on Bolero's 1-23 well and suggested that all five zones encountered at the well demonstrate potential commercial grade and significant quantity of hydrocarbons, a conclusion that is corroborated by similar results from neighbouring offset wells, both within 400' (122 metres) of Bolero's 1-23 well. <br><br>Notably, the nearby oilfields in the same Tyler Sands area have produced in excess of 110 million barrels of oil to date.</p>
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<td><font face="Arial"><strong>Current Price Sep-10 </strong></font></td>
<td><div align="center"><font color="#003399" face="Arial"><strong> $0.0175</strong></font></div></td>
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<td><font face="Arial"><strong>Current Rating </strong></font></td>
<td><div align="center"><font color="#003399" face="Arial"><strong> Undervalued </strong></font></div></td>
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<p align="center"><font size="4" face="Arial"><strong><font color="#FF0000">Reasons To Own GDNO</font></strong></font></p>
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<td width="29" align="left">1.</td>
<td width="465">Golden Opportunity Resources (OTC: GDNO.PK) to Drill Prolific Tyler Montana Oil and Gas Prospect</td>
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<td>2.</td>
<td>Neighbouring Wells Produce 110 Million Barrels to Date</td>
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<td>3.</td>
<td><div align="justify">Golden Opportunity Resources Inc. (OTC: GDNO.PK) is about to drill their Black Tiger hole in the "Tyler Sands" formation of Montana with joint venture and operating partner Big Snowy Resources LP. The prospect of success looks strong, as Golden Opportunity will drill 6,000 feet northwest of United Bolero's 1-23 well, which recently intersected significant amounts of oil and gas. Notably, the Black Tiger hole is located in the hydrocarbon rich Tyler depositional fairway, in close proximity to a number of prolific oil and gas producers, such as the Winnett Junction Oil field, which has produced over 30,000 barrels of sweet Tyler oil. To date,over 110 million barrels of oil have been produced in the Tyler fairway, all within 50 miles of the "Black Tiger" prospect.</div></td>
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<td>4.</td>
<td><div align="justify">On July 2nd, 2004, Golden Opportunity announced a 50/50 joint venture agreement to develop the "Black Tiger" prospect in central Montana with Big Snowy Resources, L.P., a private US-based oil and gas exploration and development company. The attractiveness of the Black Tiger prospect opportunity, combined with the benefits of having a "turnkey" operator as its partner, motivated Golden Opportunity to commence immediate mobilization of drilling equipment to the site. </div></td>
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<td>5.</td>
<td><div align="justify">Schlumberger reports: To clarify, on July 13th, 2004, a neighbouring well drilled 50/50 by Canadian junior oil and gas exploration firm United Bolero Development Corp. and joint venture partner and operator Big Snowy Resources discovered five hydrocarbon zones within 6,000 feet of Golden Opportunity's targeted Black Tiger well. Schlumberger Oilfield Services Inc. completed two log reports on United Bolero's 1-23 well to ensure accuracy of data. Schlumberger's report also provided estimates for probable reserves, suggesting that all five zones encountered at the well demonstrate potential commercial grade and significant quantity of hydrocarbons, a conclusion that is corroborated by similar results from neighbouring offset wells, both within 400' (122 metres) of the Bolero 1-23 well.</div></td>
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<td>6.</td>
<td><div align="justify">The potential of Tyler fairway: The Black Tiger project is located within the south central portion of the Montana Uplift, approximately sixty miles north of Billings in T10N, R25, Musselshell County, Montana. Structurally, the field lies on the southern plunging nose of huge Devil's Basin anticline and just seven miles west of the original Tyler discovery in the Big Wall Oil Field. Within 50 miles of the "Black Tiger" prospect, the Tyler formation at the Big Wall has produced over 110 million barrels of oil since 1948. As mentioned, Golden Opportunity's Black Tiger prospect lies in the heart of the Tyler depositional fairway and is approximately seven miles southeast of the Winnett Junction Oil field which has produced over 30,000 barrels of sweet Tyler oil.</div></td>
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<td>7.</td>
<td><div align="justify">In a nutshell, the Tyler depositional fairway, which includes Willow Creek, Wagon's Box and Devil's basin "Tyler East", are part of the Central Montana uplift/Big Snowy Complex that is unique to Montana. This uplift lies at and forms the northwest boundary of the prolific Powder River Basin. Seismically, the Tyler fairway consists of porous sandstones that are typically rich production zones which show excellent reserves.</div></td>
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<td>8.</td>
<td><div align="justify">The historical probability of success for Tyler Sand exploration is exceptionally strong, in the range of one well for every 20 wells drilled. In the case of the Wagonbox field in the Tyler "C" zone, where better well control is possible, the probability of success is expected to be greater, and is anticipated to be in the range of 1 producing well for every 2 wells drilled. The possibility of multiple hydrocarbon rich zones in the area also lends strength to a higher estimated probability of success for Golden Opportunity's Black Tiger prospect.</div></td>
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<td>9.</td>
<td><div align="justify">What reports say about drilling activity in the Tyler Sands area: In a press release dated July 6, 2004, United Bolero (TSX: UNB) reported drilling results on a well the company drilled in the Tyler Sands, which is a mere 6000' from Golden Opportunities proposed well site. In addition to finding oil in the Tyler C sand, Big Snowy, United Bolero's operator and JV partner, encountered a 14-foot (4.26-metre) hydrocarbon zone of oil in the Stensvad horizon at interval 2,660 to 2,674 feet (811 to 815 metres). A third zone at a more shallow depth of 2,240 to 2,328 feet (683 to 710 metres) encountered oil in the Amsden zone.</div></td>
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<td>10.</td>
<td><div align="justify">United Bolero and the operator, Big Snowy, concluded that the litho logy of fractured carbonate suggests that additional horizons could be found with horizontal drilling. Of particular surprise to both joint venture partners was the discovery of significant gas in a sandstone interval between 1,680 to 1,770 feet (512 to 539 metres). The operator encountered a 25-foot (7.6-metre) zone of gas in the third Cat Creek zone. At interval 1,602 to 1,618 feet (494 to 488 metres), the operator again encountered gas in the second Cat Creek zone. The zone was approximately 16 feet (4.88 metres) in depth.</div></td>
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<td>11.</td>
<td><div align="justify">About Golden Opportunity Resources Inc.: Golden Opportunity is a junior oil and gas exploration company that finds and develops undervalued oil and gas assets worldwide. Golden Opportunity plans to build a solid base of core projects that will provide recurring monthly cash flows. The Company also has the potential to discover wildcat high risk/reward wells to aggressively increase revenue growth for shareholders.</div></td>
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<td>12.</td>
<td><div align="justify">About Big Snowy Resources LP, Golden Opportunity's JVC Partner and Project Operator: Headquartered in Billings, Montana, Big Snowy Resources LP. is a wholly owned subsidiary of Antelope Resources Inc., a Montana Corporation. Big Snowy was formed in early 2003 as an oil and gas company engaged in the acquisition and subsequent exploration, development, production and operation of oil and gas properties. Big Snowy has earned its success by focusing on exploration projects in known oil and gas fairways or basins that have good shows.</div></td>
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<td>13.</td>
<td><div align="justify">Big Snowy and Golden Opportunity share a focused business strategy that includes: the acquisition of properties with an established production history, established infrastructure and significant infield reserve potential; properties with pay zones less than 3000' deep, natural gas opportunities with multiple productive sands and reservoirs; properties that can be acquired or leased at favourable prices.</font></div></td>
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<td>14.</td>
<td><div align="justify">About Management: William Morton, President & CEO. Mr. Morton has over 25 years experience in corporate development. Prior to his appointment as President and CEO of Golden Opportunity Resources Inc., Mr. Morton began his personal entrepreneurial history while attending college. In the late '70's Mr. Morton started his own business as a general contractor in concrete paving and built the company to success through strategic contracts with the Metrorail Transit System in Miami, Florida. While he built and nurtured the paving company through its growth phases, he opened a sporting goods store and soon found that he was able to expand the operations into three successful chain store outlets within a two year period. In 1983, Mr. Morton became director of Front End International Inc., a fossil fuel abatement company in Washington and was elected President and CEO in 1985. That same year Mr. Morton went on to found OrthoTronics Medical Development Ltd., the parent company of three other business units which developed, manufactured and distributed a portable vital signs monitor, portable blood analyzers and 3D digital imaging software for the medical industry. In 1986, Mr. Morton founded Foxx Petroleum Industries Inc., the parent company of Foxx Petroleum U.S.A., which owned and operated over twenty convenience stores and fueling stations across the Northwestern US and Alaska. In 1995, Mr. Morton also founded and became President and CEO of Kazz Industries Inc., a developer, manufacturer and distributor of sporting goods.</font></div></td>
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<td>15.</td>
<td><div align="justify">William Stickel, Vice President & CFO. Mr. Stickel possesses over 28 years of experience in accounting, finance and tax administration. He holds an Master of Business & Taxation and Bachelor of Business from Walsh College in Troy, Michigan. After graduating from college in 1975, Mr. Stickel worked as a Chartered Public Accountant with the firm Sallen & Zack, CPA., P.C., located in Southfield, Michigan. Beginning in 1978, Mr. Stickel held positions with General Motors Corporation, White Motors Corporation and Occidental Petroleum Corporation where he held management positions in tax advising and administration. From 1983 to 1993, Mr. Stickel worked with nationally recognized Perry Drug Stores Inc., of Pontiac, Michigan. He eventually worked his way through the ranks to the position of Manager and Director of Taxation and Treasurer. His responsibilities included financial reporting, inventory control, cost accounting, tax compliance and tax planning. From 1993 to 1995, he was the Controller of F&M Distributors Inc., of Warren, Michigan, where he was responsible for external and internal reporting. In 1996 to 2001, Mr. Stickel joined Kazz Industries Inc. as Director and Chief Financial Officer and assisted the company in going public on the Canadian Venture Exchange, prior to its amalgamation with the Toronto Stock Exchange. Mr. Stickel is responsible for all internal and external reporting and compliance for Golden Opportunity Resources Inc.</font></div></td>
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<td>16.</td>
<td><div align="justify">Wrap up: Explosive global demand for oil and gas will keep prices lofty for years to come, perhaps as long as the next two decades. These favourable price dynamics mean that successful exploration projects executed by juniors like Golden Opportunity have the potential to become exceptionally profitable investments. Specifically, Golden Opportunity's Black Tiger prospect boasts a compelling blueprint, as the immediate area is host to multiple prolific oil and gas plays. Because the area is hydrocarbon rich, expectations are that Golden Opportunity should strike oil and/or gas that is significant in quantity and commercial grade. In our opinion, there is a strong possibility that GDNO's price will increase substantially (possibly 100%), from the current level of USD $0.17 (Sept 10th close), the closer the company gets to the start of its drill program.</font></div></td>
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<td>17.</td>
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<td colspan="3"><strong></strong> Capital Structure:</font></td>
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<td width="20"> </td>
<td width="177"> -Authorized Capital
</font></td>
<td width="303">300,000,000</font></td>
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<td> </td>
<td>-Issued & Outstanding </font></td>
<td>45,000,000</font></td>
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<td> </td>
<td>-Restricted
</font></td>
<td>30,000,000</font></td>
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<td> </td>
<td>-Free Trading
</font></td>
<td> 15,000,000 </font></td>
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<td> </td>
<td>-In open market
</font></td>
<td> 1,000,000 </font></td>
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<td> </td>
<td>- Annual High</font></td>
<td>0.55</font></td>
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<td> </td>
<td>- Annual Low</font></td>
<td><font color="#663333">0.07</font></td>
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