BALTIMORE, MD — (Marketwired) — 06/06/13 — Goldman Small Cap Research, a stock market research firm focused on the small cap and micro-cap sectors, has issued a research report on Norstra Energy Inc. (OTCQB: NORX), an oil and natural gas exploration company focusing exploration efforts in the under-exploited southern portion of the Bakken-Alberta Fairway in the central portion of western Montana.
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Given its property interests in the less-followed southern Bakken-Alberta Fairway in the central part of western Montana, we view Norstra Energy Inc. as a great undiscovered and potentially lucrative play on the Bakken formation. The area consists of over 10,000 acres of leased land in Lewis & Clark County, Montana. Moreover, with the history of major oil companies such as Shell in the region in the 1980–s, there is both abundant and favorable seismic data.
Our preliminary estimates call for 51,000 barrels of oil production in 2013, 243,000 in 2014, and 317,000 barrels via multiple wells in 2015. If prices hold steady and management meets its timetable, we believe that Norstra (OTCQB: NORX) could earn as much as $5.6M in 2014.
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(OTCQB: NORX): Through a continuously growing team of seasoned oil-patch technical experts, energy entrepreneurs and energy project finance experts, Norstra Energy Inc. looks to rapidly and methodically grow into a meaningful oil producer.
With lease rates in the Alberta Fairway not yet feeling the inflationary pressures of the eastern Bakken and Williston basins, but exhibiting the same superb economics, Norstra–s business plan will consist of drilling high probability wells within this up-and-coming area, with the goal of consistently increasing shareholder value.
Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces small cap and micro cap stock research reports, daily stock market blogs, and popular investment newsletters. For more information, visit .
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Goldman Small Cap Research
Rob Goldman
Analyst
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