Saturday, November 1, 2008

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.

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