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Investments
Oil & Gas
Not all investees are displayed - click on Disclosure Criteria link for explanation
Click here to read Pinetree's Disclosure Criteria
Pinetree is a long time investor in the oil and gas market, having started investing in this sector in early 2003 when oil was trading at $30/barrel. Pinetree believes oil prices will continue to remain elevated (over $50/barrel) into the future, driven by supply and demand issues. Elevated oil prices allow high risk, high cost discoveries to become economic. Our oil and gas investment focus is on the junior exploration companies operating in and around the Alberta Oil Sands and international oil companies. International oil companies are also attractive to Pinetree because unlike in Alberta and other oil developed nations, international oil companies are able to accumulate significant land packages which are still available and have the potential for significant discovery.
Oil & Gas investments as at June 30, 2010.
Brownstone Ventures Inc. (BWN:TSXV)
7,647,000 common shares
500,000 warrants expire May 28, 2011
Canadian Spirit Resources Inc. (SPI: TSXV)
2,121,300 common shares
500,000 warrants expire Feb 19, 2010
Changfeng Energy Inc. (CFY: TSXV)
3,346,500 common shares
Quetzal Energy Ltd. (QEI:TSX-V)
9,110,000 common shares
5,000,000 warrants expire Oct 26, 2011
600,000 warrants expire Apr 21, 2012
Red Maple Energy Inc. (Private)
5,400,000 common shares
Southern Pacific Resources Corp. (STP:TSXV)
5,488,500 common shares
Talon Metals Corp. (TLO:TSX)
2,504,000 common shares
Vulcan Minerals Inc. (VUL:TSXV)
3,782,500 common shares
100,000 warrants expire Nov 26, 2011
