New Altai Report Now on Website

Hi,

For those stateside, I hope you all had an enjoyable Thanksgiving. I was in Pittsburgh visiting family and now after arriving back home, have the traditional task of decorating the outside of my house for the upcoming Christmas holidays. Luckily the weather will be cooperating today. For those who weren't emailed the Altai report, I have posted a link to it at the upper right section of the web page. If you still want to be kept updated on Altai happenings but have not yet emailed me your email address, please do so and I will set you up as an "Altai Addict" and put you on the contact list for periodic updates. Have a great weekend.

Initial Altai Report Available Tonight

Thanks to all of you who have requested the initial report on Altai Resources. Hopefully by now those of you who sent me an email requesting the report have received your PDF tonight. If anyone is interested in receiving the report, please send me an email and I'll send it out as soon as I can. I'll be posting a link to the report on the website this upcoming weekend.

Initial report on Altai to be released this week

Just in time for the holiday season, the Stateside Report will be issuing it's initial report on Altai Resources. Altai Resources has had little coverage compared to the other three horsemen so this report will offer some insight on Altai's management and recent activities not found anywhere else. The report will eventually be posted on this site but for those who want to receive it via email before it is posted, please send a note to stateside@statesidereport.com this weekend with your email address and I'll send out an email blast before the US Thanksgiving holiday. Your email address will not be shared with anyone.

By the way, if anyone is attending the Quebec Exploration Conference this week, keep an eye out for Niyazi and Maria who will be in attendance.

Forest states early horizontals "encouraging"

On Friday, Forest presented at a Bank of America conference and the webcast is posted on their site here. After the prepared presentation, an analyst asked what risks remain with their Utica Shale play? Forest stated that the main risk was that the horizontals wouldn't produce at expected rates but that the early testing results are "encouraging". This most likely accounts for the increased volume and price gains the juniors saw on Friday afternoon and bodes well for the weeks ahead leading up to the Forest announcement sometime over the next 45 days.

Welcome Altai Resources - New Sponsor

As of today, November 1st, Altai Resources is a new sponsor of the Stateside Report. Within the next 30 days, I will be posting an initial write-up on the investment merits of Altai's exciting Utica Shale play in Quebec. In addition, I'll be updating the blog to highlight events impacting Altai as well as the other players in the Utica Shale. I'll also post quarterly updates and more frequent write-ups as conditions warrant.

Those following the Utica Shale play should listen to both the Forest Oil and Talisman webcasts on Tuesday, November 4th to hear any discussions on the recent drilling done by both Forest Oil and Talisman. Forest Oil has been especially tight-lipped about their drilling due to "competitive reasons". With Altai holding the largest, non-jved land package in the heart of the Utica play, they represent the primary "competitor" of any future dealings.

Interested parties should also keep an ear out for any developments discussed during the afternoon of November 26th at the Quebec Exploration Conference. There will be a full afternoon of Utica Shale sessions including presentations by Talisman, Junex and others.