MGRN, CABN, KCMH, CPRK, USVO
DRRX, CENT, TAOL, FMNJ, CTDC, CNEX, NHRX, FRTE
Our Stocks to Watch today include Monogram Energy Inc. (OTC: MGRN), Carbon Sciences Inc. (OTCBB: CABN), KCM Holdings Corp. (OTC: KCMH), Copper King Mining Corporation (OTC: CPRK), USA Video Interactive Corp. (OTCBB: USVO), DURECT Corporation (NASD: DRRX), Central Garden & Pet Company (NASD: CENT and CENTA), Tao Minerals Ltd. (OTCBB: TAOL), Franklin Mining Inc. (OTC: FMNJ), China Technology Development Group Corporation (NASD: CTDC), Cannon Exploration Inc. (OTC: CNEX), NationsHealth Inc. (OTCBB: NHRX) and Frontera Resources Corporation (OTC: FRTE).

FEATURED
COMPANY

MONOGRAM ENERGY INCORPORATED (OTC: MGRN)
"Up 12.50% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/MGRN.php
Company
Profile:
http://www.otcpicks.com/monogram-energy/monogram-energy.htm
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
MGRN
News:
May 8 - Monogram Energy, Inc. Interview With Jordan Kimmel
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that CEO Billy King will be interviewed by Jordan Kimmel on his highly successful radio show, "Profitable Investing." The live interview will take place on Thursday May 08, 2008 at 11:45 AM EST and will be aired at www.modavox.com/VoiceAmericaBusiness.
Mr. Kimmel is a regular contributor to numerous investing related periodicals, and his stock selection process has been featured in Forbes Magazine. Mr. Kimmel also makes frequent guest appearances on ABC News, CNBC and FOX Business, and hosts his own radio show on Voice America.
"It's a great pleasure to speak with Mr. Kimmel on his radio program," stated Billy King, Chief Executive Officer of Monogram Energy, Inc. "This provides us with some invaluable exposure as we move forward." Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
FEATURED
COMPANY

CARBON SCIENCES INCORPORATED (OTCBB: CABN)
"Up 11.76% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/CABN.php
Company
Profile:
http://www.otcpicks.com/carbon-sciences/carbon-sciences-2.htm
Carbon Sciences, Inc. focuses on developing GreenCarbon technology to convert carbon dioxide into a form that would not contribute to global warming. Its GreenCarbon technology is targeted at coal-fired electrical power plants and fuel production plants. The company was founded in 2006 as Zingerang, Inc. and changed its name to Carbon Sciences, Inc. in April 2007. Carbon Sciences, Inc. is based in Santa Barbara, California.
CABN News:
May 8 -
RedChip Visibility Issues Fourth Quarter 2007 Research Update On Carbon Sciences, Inc.
RedChip Visibility, a division of RedChip Companies, Inc. announced it has issued a fourth quarter 2007 research update on Carbon Sciences, Inc. (OTCBB: CABN), a company engaged in developing its GreenCarbon(tm) Technology which converts harmful carbon dioxide into useful carbon products.
Neha Bhargava, MBA, RedChip Research Analyst, reported:
“CABN continues to focus on developing and commercializing its GreenCarbon(tm) Technology. We consider the completion of CABN's Mobile Prototype as an initial positive mark toward the development of this technology.
“CABN expects to develop its products and to focus its efforts on establishing markets in power plants and industrial factories by 2010. We believe CABN's carbon transformation is a better option compared with traditional carbon sequestration technologies,” Bhargava continued.
“As the world moves toward trimming the impact of global warming, the U.S. Department of Energy has set an objective to capture 90% of CO2 from the environment with 99% storage permanence at less than a 10% increase in energy costs, which itself would be a Herculean task. With the value of GreenCarbon Technology and the DOE's objectives, CABN has massive upside potential,” she concluded.
“We are assigning a 'Speculative Buy' rating to CABN stock with a 12-month target price of $0.32.”
To receive a complimentary copy of the RedChip Visibility Fourth Quarter 2007 Research Report for CABN, visit www.redchip.com/visibility/about.asp?page
=vreport&reportid=105&from=05082008pr.
FEATURED
COMPANY

KCM HOLDINGS CORPORATION (OTC: KCMH)
Detailed
Quote: http://www.otcpicks.com/quotes/KCMH.php
Company
Profile:
http://www.otcpicks.com/kcm-holdings/kcm-holdings-2.htm
KCM Holdings Corporation is a strategic business development and holdings company specializing in a broad range of business incubation, support, design and development ventures. For more information, visit www.thekcmgroup.com.
KCMH
News:
May 5 - KCM Signs Gourmet Food Preparation Client for Innovation of New North American Wide Revenue Model
KCM Holdings Corp. (OTC: KCMH) has signed an agreement with Mise En Place, a company that provides healthy gourmet food that is fast and economical for busy professionals who have no time to cook. Prepared by gourmet Paris-trained chef Judy Wood, Mise En Place services raise the stakes in the $730 Billion food industry.
KCM Holdings Corp. and Mise En Place have entered into a 3-phase agreement for a host of strategic services. KCM has secured a $15,000 upfront cash retainer for phase 1. For phase 2, KCM will be paid an additional $50,000 for expanded business development services as it launches the brand across North America. Mise En Place has also agreed to a revenue share from activities that KCM has or is directly working on for a period of 2 years. A long-term phase 3 has also been agreed to in principle, with the complete details, activities and financial terms to be negotiated in August of 2008.
“For years fast food was the only option for busy professionals and busy families,” says Chad Lefevre, Director of Strategic Development for KCM. “Being busy shouldn’t mean that unhealthy fast food is the only option — and now it is not.”
FEATURED
COMPANY

COPPER KING MINING (OTC: CPRK)
Detailed
Quote: http://www.otcpicks.com/quotes/CPRK.php
Company
Profile:
http://www.otcpicks.com/copper-king-mining/copper-king-mining.htm
Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.
CPRK News:
May 7 -
Copper King Mining Corporation Provides Additional Mill Construction Updates
Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Southern Utah, today provided additional construction updates concerning its Flotation Processing Mill.
Copper King has purchased a line of thickeners for the mill’s floatation process. This week the concentrate thickener, complete with bride and rakes, arrived in a nearly new condition. The 16' Denver Thickener is 16' Dia X 9' 6" deep wall height, complete with Denver Thickener mechanism, tank, drive, rakes, and bridge.
The Denver Thickener is capable of processing up to 270 tons of concentrate per day. This will allow the Flotation Processing Mill, as designed, to expand with very little additional capital investment. Upon commencement of mill operations, the thickener should receive for processing 75-100 tons of concentrate per day.
The Flotation Processing Mill presently is designed to process 2,500 short tons of ore per day; and is estimated to produce 50-65,000 pounds of copper in concentrate, 25 ounces of gold, and 2,500 ounces of silver per day. The gross daily production value at start up, using current metal prices is estimated at $300,000 to $320,000 per day. This does not include the magnetite value which may add $10,000 to $25,000 per day in value.
FEATURED
COMPANY

USA VIDEO INTERACTIVE CORPORATION (OTCBB: USVO)
Detailed
Quote: http://www.otcpicks.com/quotes/USVO.php
Company
Profile: http://www.otcpicks.com/usa-video/usa-video.htm
USA Video Interactive Corp. ("USVO") designs and markets technology for delivery of digital media. USVO developed its MediaEscort™, MediaSentinel™ and SmartMark™ digital watermarking products and technology to provide a robust means for producers and distributors to invisibly protect their content. USA Video Technology Corp., a wholly owned subsidiary of USVO, holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it has been cited by at least 165 other patents. USVO holds similar patents in Germany, Canada, England, France, Spain, Italy, and Japan. Visit www.usvo.com or the company showcase on Investoideas.com at www.investorideas.com/CO/USVO/Default.asp.
USVO News:
May 7 -
India's Growth Story; Spending and Innovation in PC Markets, Cell Phone Markets, Green Technology and Digital Media & Entertainment
USA Video Interactive Corp.'s Digital Watermarking Technology Deployed in Bollywood
www.IndiaStockMarket.com, a global investor website for investing in India within Investorideas.com, reports on the rapid economic growth story in India and some of the key sectors that are impacted. With an economy growing at nine percent, spending and innovation in technology across personal computers, cell phones, greentech and digital media is on the rise.
USA Video Interactive Corp.'s (OTCBB: USVO) (CDNX: US.V) recently announced that four production and distribution companies in Bollywood, the world's largest film and entertainment industry, based in Mumbai, India, will be deploy their unique digital watermarking product, MediaSentinel(TM), to protect against piracy domestically and internationally. The companies will begin using MediaSentinel(TM) through PIO TV Pvt. Ltd. (www.pioTV.com), India's only digital integrated media Platform Company.
India's Media and Entertainment is accelerating and according to industry stats, was worth INR402.43 billion (USD9.12bn) in 2006, a growth of 13.98% over 2005, which is higher than GDP growth rate.
"It is expected that the industry will grow at a CAGR of 34.17% during 2006-10."
At the Seoul Digital Forum, Sumner Redstone, Chairman of Viacom and CBS Corporation (Market, News) stated in his keynote, "Governments in China and India are starting to take an active interest in reinforcing copyrights, if only to protect their own home grown content."
Shemaroo Entertainment, an Indian company and distributor of Indian films, recently reported it expects to grow at a compounded annual growth rate (CAGR) of 30 to 35 per cent over the next three years but also raised concerns over video-piracy, which causes the company Rs 650 crore in revenue-losses.
In the cellular sector, Reliance Communications Limited, ( BOM:532712 ) an integrated communications service provider with an individual, enterprise and carrier customer base of over 30 million announced Financial results for the year ended March 31, 2008 with net profit up by 70.8% and revenue higher by 31.8 %. Reliance is the most profitable integrated telecom company in India, which has grown to become the world's second biggest cell phone market, following China. India grew to a 200-million cellular subscriber mark as of September 2007.
In the tech sector, according to recent reports at www.idcindia.com, "India's information technology and IT-enabled Services (ITeS) industry will more than double in size by 2012."
IDC also announced data earlier, "During calendar year 2007 the overall India Server market factory revenue grew by 24% over calendar year 2006 to touch US$ 727 million* and unit shipments grew by 19% to 135,615 during the same period. Apart from traditional sectors like telecom, BFSI and manufacturing, 2007 also saw the emergence of retail and construction as key demand drivers."
Other research from IDC India notes, "The India Client Personal Computer (PC) market crossed yet another milestone to ship nearly 6.5 million PCs in a calendar year, thereby recording 20% year-on-year growth in unit shipments (compared to 5.4 million units in CY2006)."
From Tech to greentech, business leaders at a US-India renewable energy conference in Washington noted that "India's role as a hub for US technology companies could be mimicked in the renewable energy market," calling for greater deregulation and a global price on carbon emissions to help spur growth in alternative fuel sources.
With rapid economic growth, rising incomes, an increasing number of billionaires and millionaires, forty-four per cent of the Top 100 Fortune 500 companies setting up offices in India, just like China, is a force to be reckoned with.
Facing challenges of rising food costs and oil costs as challenges, India looks ahead to innovation and technology for answers.
ABOUT INVESTORIDEAS.COM
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
STOCKS
TO WATCH
DURECT CORPORATION (NASD: DRRX)
"Up 26.32% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/DRRX.php
Durect Corporation, a specialty pharmaceutical company, engages in developing pharmaceutical products based on proprietary drug delivery technology platforms. Its products under Phase II clinical trials include POSIDUR, a release injectable to deliver bupivacaine, an off-patent anesthetic agent; TRANSDUR-Sufentanil, a transdermal sufentanil patch that uses TRANSDUR delivery system to deliver sufentanil, an opioid medication; and ELADUR, a transdermal bupivacaine patch, which uses TRANSDUR transdermal technology and provides continuous delivery of bupivacaine for up to three days from a single application. The company's product portfolio also comprises CHRONOGESIC pain therapy system, an osmotic implant that delivers sufentanil for an extended duration. In addition, it offers osmotic pumps used in laboratory research; and conducts research and development of pharmaceutical products in collaboration with third party pharmaceutical and biotechnology companies, as well as designs, develops, and manufactures biodegradable polymers for pharmaceutical and medical device clients for use as raw materials in their products. The company has a development and commercialization agreement with Voyager to develop and commercialize Memryte, which uses the DURIN implant system to deliver the peptide leuprolide acetate to treat Alzheimer's disease based on Voyager's patented method of treatment. Further, it involves in research programs in various diseases and disorders of the central nervous system, including schizophrenia and attention deficit/hyperactivity disorder, as well as in the areas of cardiovascular disease, including congestive heart failure. Durect Corporation was founded in 1998 and is based in Cupertino, California.
DRRX News:
May 7 -
DURECT Corporation Announces First Quarter 2008 Financial Results
DURECT Corporation (NASD: DRRX) announced financial results for the three months ended March 31, 2008. Total revenues were $6.4 million for the three months ended March 31, 2008, compared to $5.7 million for the same period in 2007. Net loss for the three months ended March 31, 2008 was $7.8 million, compared to a net loss of $8.8 million for the same period in 2007.
At March 31, 2008, DURECT had cash and investments of $53.4 million, compared to cash and investments of $62.0 million at December 31, 2007; these figures include restricted investments of $1.0 million at March 31, 2008 and at December 31, 2007.
"We continued to make progress towards our product development and corporate objectives during the first quarter," stated James E. Brown, D.V.M., President and CEO of DURECT. "We continued to advance our POSIDUR(TM), ELADUR(TM), TRANSDUR(TM)-Sufentanil and Remoxy(TM) programs, including support of Pain Therapeutics and King Pharmaceuticals in their preparation of the New Drug Application (NDA) filing for Remoxy(TM) as well as starting commercial production of certain key components that are integral to Remoxy. We also continued to be active in business development and strengthened our intellectual property position by acquiring additional patents that may be strategic to our business."
Recent Highlights:
* Remoxy and other Abuse-Resistant Opioids. In the first quarter of 2008, DURECT continued to execute on its activities supporting the filing of the Remoxy NDA, and we began to manufacture commercial lots of certain key components that are included in Remoxy to meet the anticipated production requirements of King Pharmaceuticals. Our collaborator, Pain Therapeutics, has stated that they expect to file the NDA for Remoxy in the second quarter of 2008. In 2007, our collaborators King Pharmaceuticals and Pain Therapeutics announced that the pivotal Phase III trial for Remoxy successfully met its primary endpoint (p<0.01) that was prospectively defined by the U.S. Food and Drug Administration (FDA) during the Special Protocol Assessment (SPA) process. In addition, the study achieved statistically significant results in secondary endpoints such as Quality of Analgesia (p<0.01) and Global Assessment (p<0.01). No drug-related safety issues were noted in the study.
Remoxy is an abuse-resistant, long-acting form of oxycodone based on our ORADUR(TM) technology intended for the treatment of chronic pain.
In addition to Remoxy, there are three other ORADUR-based abuse-resistant opioids covered in our collaboration with Pain Therapeutics. Pain Therapeutics has previously announced positive results from a Phase I clinical trial for one of these drug candidates, and Pain Therapeutics has stated that it expects to file an Investigational New Drug application (IND) for a new abuse-resistant opioid in 2008.
* POSIDUR (SABER-Bupivacaine) Post-Operative Pain Relief Depot. We continue to be in dialogue with the FDA regarding the Phase III program. Upon completion of our discussions with the FDA, we plan to commence that program. As preparation for our Phase III program, we held an investigators meeting on April 25, 2008 with physicians attending the Arthroscopy Association of North America 2008 Annual Meeting in Washington. We have also recently conducted a survey, using independent consultants, among providers and insurers/payers to explore coverage and pricing for POSIDUR. In 2007, we announced positive results from a 122 patient Phase IIb clinical trial in which POSIDUR at a dose of 5 mL demonstrated statistically significant reductions in post-operative pain (by approximately 30% versus placebo) and in total consumption of supplemental opioid analgesic medications (approximately 3x less versus placebo) in patients undergoing inguinal hernia repair.
POSIDUR is our post-operative pain relief depot that utilizes our patented SABER(TM) technology to deliver bupivacaine to provide up to three days of pain relief after surgery. POSIDUR is licensed to Nycomed for commercialization in Europe and select other countries, and DURECT has retained commercialization rights in the US, Canada and Asia.
ELADUR (TRANSDUR(TM)-Bupivacaine). In the first quarter of 2008, we continued to conduct manufacturing scale-up and processing to secure Phase II and Phase III supplies, and to develop our clinical and regulatory strategy. We have previously announced positive results from a 60 patient Phase IIa clinical trial of patients suffering from post-herpetic neuralgia. In this study, ELADUR showed improved pain control versus placebo during the 3-day continuous treatment period.
In addition, ELADUR appeared to be well tolerated overall, and patients treated with ELADUR and placebo exhibited similar safety profiles. A poster describing this study is being presented at the 27th Annual Scientific Meeting of the American Pain Society on May 8, 2008 and will be accessible shortly thereafter on the company’s website (http://www.durect.com/wt/durect/page_name/Publications).
ELADUR is our proprietary transdermal patch intended to provide bupivacaine for a period of up to three days from a single application. We retain full commercial rights to this drug candidate.
* TRANSDUR-Sufentanil. Endo Pharmaceuticals, our licensee for commercialization in the US and Canada, is continuing to conduct Phase II studies with TRANSDUR-Sufentanil designed to evaluate the conversion of patients on oral opioids to TRANSDUR-Sufentanil.
TRANSDUR-Sufentanil is our proprietary transdermal patch intended to provide sufentanil to chronic pain sufferers for a period of up to seven days from a single application.
* Business Development Activities. We continue to be active on the business development front and have multiple late stage programs that are the subject of partnering discussions with third parties. These include ELADUR (worldwide), TRANSDUR-Sufentanil (ex-US and Canada), POSIDUR (Asia), as well as various other programs, some of which are internally funded and some of which are funded by third parties under feasibility agreements.
* Expansion of patent portfolio. In the first quarter of 2008, we acquired from a third party a portfolio of worldwide patents relating to drug delivery technologies. This portfolio consists of approximately 49 issued and pending U.S. patents and patent applications as well as their international counterparts. Taken together with a similar portfolio acquisition in the fourth quarter of 2007, the company has significantly increased our patent estate, which we believe will benefit our business by broadening our drug delivery technology base and strengthening our intellectual property position.
CENTRAL GARDEN & PET COMPANY (NASD: CENT)
"Up 28.40% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/CENT.php
Central Garden & Pet Company operates as an innovator, marketer, and producer of branded products for the lawn and garden, and pet supplies markets. Its products are sold to specialty independent and mass retailers. The company's products include lawn and garden products comprising grass seed, including the brands Pennington and The Rebels; wild bird feed and the brands Pennington and Kaytee; weed and insect control and the brands AMDRO, Sevin, Ironite, and Over 'N Out; and decorative outdoor patio products and the brands Norcal, New England Pottery, and Matthews Four Seasons. Its pet categories include animal health and the brands Adams and Zodiac; aquatics and reptile and the brands Oceanic, Aqueon, and RZilla; bird and small animal and the brands Kaytee, Super Pet, and CritterTrail; dog and cat and the brands TFH/Nylabone, Four Paws, Pinnacle, and Avoderm; and equine and the brands Farnam, Bronco, and Super Mask. In addition, the company provides a host of other application-specific pet brands and supplies and garden products. Central Garden & Pet Company was founded in 1955 and is based in Walnut Creek, California.
CENT News:
May 7 -
Central Garden & Pet Announces Fiscal 2008 Second Quarter Results
Central Garden & Pet Company (NASD: CENT and CENTA) announced results for its fiscal second quarter ended March 29, 2008.
The Company reported net sales of $485 million in the quarter, relatively unchanged compared to $486 million in the comparable fiscal 2007 period. Income from operations was $44.7 million, a decline of three percent compared to $46.2 million in the year ago 2007 period. Net income for the quarter was $20.5 million, or $0.28 per fully diluted share compared to $21.4 million or $0.30 per fully diluted share in the year ago period. Branded products sales increased one percent to $415 million. Sales of other manufacturers’ products declined eight percent to $70 million. Depreciation and amortization was $8.1 million compared to $7.4 million in the year ago period.
Net sales for the Garden Products segment were $254 million, relatively unchanged from $256 million in the comparable fiscal 2007 period. The Garden Products operating income was $26.1 million compared to $28.8 million in the year ago period. Branded product sales increased one percent to $221 million. Sales of other manufacturers’ products declined, as planned, 12 percent to $33 million. Net sales for the Pet Products segment were $231 million, relatively unchanged from $230 million in the comparable fiscal 2007 period. Operating income for the Pet Products segment was $28.2 million compared to $29.3 million in the year ago period. Branded product sales increased one percent to $194 million. Sales of other manufacturers’ products declined three percent to $37 million.
“In the first six months of the fiscal year we have taken meaningful steps to improve margins, implement cost-reduction initiatives and reduce working capital. These actions have substantially strengthened our financial position,” noted William Brown, Chairman and Chief Executive Officer of Central Garden & Pet Company. “Our progress, however, is being impeded by rising costs, retailer inventory reductions and the continuing slowdown in the aquatics category. In spite of this, we hope to make significant progress toward getting our business “on profile” for fiscal 2009.”
For the six months ending March 29, 2008 of fiscal 2008, the Company reported net sales of $798 million relatively unchanged from $803 million in the comparable 2007 period. The operating loss for the period was $346 million compared to operating income of $52.2 million in the year ago period. The net loss for the first six month period was $269 million compared to net income of $18.5 million in the year ago period. Diluted loss per share was $3.77 compared to earnings per fully diluted share of $0.26 in the year ago period. Included in the year-to-date results is a non-cash, pre-tax charge of $400 million, or $290 million net of tax, related to goodwill impairment as prescribed by SFAS No.142 “Goodwill and Other Intangible Assets.” Adjusted net income and earnings per share, excluding the impact of the impairment, was $21.3 million, or $0.30. Branded product sales increased one percent while sales of other manufacturers’ products declined eight percent. Depreciation and amortization for the first six month period was $16.1 million compared to $14.3 million in the year ago period.
The Company will discuss its second quarter results on a conference call Wednesday, May 7, at 4:30 p.m. EST / 1:30 p.m. PST. Re-play dial-in numbers for the call will be available for three weeks at 1-888-286-8010 and passcode 7438 9337 (domestic) and 1-617-801-6888 and passcode 7438 9337 (international).
TAO MINERALS LIMITED (OTCBB: TAOL)
"Up 12.00% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/TAOL.php
Tao Minerals (OTCBB: TAOL) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2008 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golondrina property and finance additional acquisitions, while greatly enhancing shareholder value.
TAOL News:
May 8 -
Tao Minerals Ltd. Rated 'Speculative Buy,' Target Price $0.42 by Beacon Equity Research
Tao Minerals Ltd. (OTCBB: TAOL) has been rated Speculative Buy with a price target of $.42 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at www.BeaconEquity.com.
In the report, the analyst writes, “We expect the Company to commence production from the El Colmillo mine at 30 tons of ore per day in 2009, with production rising to 100 tons of ore per day by year-end. At that production rate, Tao could be producing gold from the two identified gold veins, the El Colmillo vein and the La Muela vein, for the next 24 years.”
FRANKLIN MINING INCORPORATED (OTC: FMNJ)
"Up 20.00%
in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/FMNJ.php
Franklin Mining, Inc., an exploration stage company, engages in the exploration, development, and mining of precious and nonferrous metals. It primarily focuses on gold, silver, tin, lead, copper, and zinc metals. The company has a joint venture contract with COMIBOL to develop and mine a section of the Cerro Rico Mine, known as the Palivairi project. It also owns 51% interest in the Pulacayo tailings project. In addition, Franklin Mining holds interests in the Franklin Mines located in Clear Creek County, Colorado; the Rio Grande GTL project located in Bolivia; and the Tierra Del Fuego gas industrialization project in Argentina. The company was founded in 1864. It was formerly known was WCM Capital, Inc. and changed its name to Franklin Mining, Inc. in 2003. Franklin Mining is based in Las Vegas, Nevada with additional offices in La Paz and Santa Cruz, Bolivia.
FMNJ News:
May 7 -
Franklin Reaches Agreement in Principle on Sale of Two Oil & Gas Subsidiaries
Franklin Mining, Inc. (OTC: FMNJ) Chairman and CEO, William A. Petty, confirms that he has reached, on behalf of the Franklin Mining, Inc. Board of Directors, an agreement in principle by which the company will sell their 51% ownership in Franklin Oil & Gas, Bolivia S.A. and their 51% ownership in Franklin Oil & Gas, Argentina S.A. to a U.S.-based oil exploration and production company.
In confirming today's news, Mr. Petty stated, "It would have required an increasingly larger dedication of talent and other assets by Franklin Mining's Board and Executives to have continued managing the major gas-to-liquid projects available to our two subsidiary companies under joint-venture agreements in Bolivia and Argentina. Our equity position in the acquiring company provides a return on our investment in developing these projects without draining future resources away from our core-business of mining in Bolivia."
Following consummation of the sales agreement, Franklin Mining, Inc. will hold a projected 13.333% equity position in the new company. In addition, Franklin Mining, Inc. is to be reimbursed for all of the direct cost of developing the two subsidiaries. Subject to final legal documentation, the sales agreement will relieve Franklin Mining, Inc. of its obligation to provide either subsidiary with operating funds or contribute future capital funds. Additionally, Franklin Mining, Inc. directors and executives will maintain active roles in the oversight of existing and planned gas-to-liquid projects.
Franklin Oil & Gas, Bolivia S.A. has two Bolivian projects under Memorandum of Understanding from YPFB (Yacimientos Petroliferos Fiscales Bolivianos), Bolivia's national petroleum company. Each project is designed to assist Bolivia in developing the exportation of its natural gas assets and develop additional industrialization projects utilizing other YPFB assets.
Franklin Oil & Gas, Bolivia S.A. is not restricted by recent developments in restructuring and reallocating Bolivia's hydrocarbon assets. Franklin's Memorandum of Understanding with YPFB precedes the May 1, 2006 nationalization of gas fields and has since been reconfirmed.
Franklin Oil & Gas, Argentina S.A. has an agreement in place for construction and future operations of a gas-to-liquid (GTL) facility in the Tierra de Fuego Province of Argentina. Franklin Mining, Inc. CEO, William Petty, is currently negotiating long-term contracts to assure additional quantities of natural gas resources.
CHINA TECHNOLOGY DEVELOPMENT GROUP (NASD: CTDC)
"Up 17.76% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/CTDC.php
China Technology Development Group Corporation, through its subsidiaries, provides of clean and renewable energy products and solutions, focusing on solar energy business in China. The company was founded in 1995 and is based in Hong Kong, Hong Kong.
CTDC News:
May 8 -
CTDC Announces Test Completion of First SnO2 Production Line and to Operate Pilot Production in June
China Technology Development Group Corporation (NASD: CTDC) ("CTDC" or "the Company"), a provider of clean and renewable energy products and solutions focusing on solar energy business in China, announced that the engineering team of China Merchants Zhangzhou Development Zone Trenda Solar Energy Ltd. ("Trenda"), the wholly-owned subsidiary of the Company, has successfully concluded the testing of its first SnO2 production line. This line is expected to operate the pilot production of the solar base plates in June. SnO2 solar base plate is a type of transparent conductive oxide substrate of amorphous silicon (a-Si) or thin film solar cells. It is a key component of a-Si thin film PV products which optimizes the performance of Building Integrated Photovoltaics (BIPV).
The dedicated engineers from our company and our US and China partners, Terra Solar & China Solar, have been working diligently in the past several months to enhance the manufacturing techniques in order to maximize the energy efficiency as well as to minimize the production cost of the SnO2 base plate product. Commercial production is expected to ramp up to full production within 6 months.
"We are delighted to announce the test completion of the first production line and are excited about the upcoming milestones according to our expansion plan. The test completion timeline of the first production line is consistent with the Company's strategy plan announced in December of 2007. We have initiated meetings with our potential customers concerning our product availability and delivery schedule. We are confident that our final product will be well qualified and competitive to meet the increasing demands for our product in the upcoming months," commented by Alan Li, Chairman and Chief Executive Officer of the Company.
CANNON EXPLORATION INCORPORATED (OTC: CNEX)
"Up 19.37% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/CNEX.php
China Shuangji Cement Corporation, through its interest in Shandong Zhaoyuan Shuangji Group, Ltd., operates in the cement industry in the People's Republic of China and internationally. It offers portland cement and other cement products, which are used in the construction of buildings, roads, and other infrastructure projects. The company, formerly known as Citisource, Inc., was founded in 1983 and is based in Kent, the People's Republic of China.
CNEX News:
May 7 -
Cannon Exploration Inc. Updates Shareholders
Cannon Exploration Inc. (OTC: CNEX), a North American mining company, announced that effective May 7th, the company's website (www.cannon-exploration.com) will be live and that an Investor Relations firm has been hired to take shareholder inquires at 1-866-365-4724.
The company plans to own several advanced mining properties in North America that will rapidly combine a balanced portfolio of exploration and development projects with the mining expertise of its technical and managerial teams to ensure future growth of the company. The result is a company with the share liquidity and market capitalization to provide value to investors. "As we move forward in considering exciting growth options for the company, I hope that in the coming months you will come to share that excitement with me as well," stated CEO Neil Sarran.
The company will be updating its shareholders with further announcements within the near future with regards to company projects and developments.
NATIONSHEALTH INCORPORATED (OTCBB: NHRX)
"Up 18.75% in morning trading"
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NationsHealth, Inc. provides medical products and prescription related services to Medicare and managed care beneficiaries in the United States. Its proprietary and scalable information technology platform and patient service organization support the enrollment and servicing of individuals, program administration, and patient management. It operates in two segments, Medical Products and Insurance Services. The Medical Products segment distributes medical equipment and supplies, and dispenses physician-prescribed medications through its pharmacy. This segment also provides home delivery of diabetes; ostomy; and other medical products, including impotency devices and heating pads, as well as insulin and syringes, and oral medications. The Insurance Services segment provides marketing, insurance agent training and licensing, member enrollment and service, distribution, billing, and collection services to Connecticut General Life Insurance Company in offering its CIGNATURE Rx Medicare Part D prescription drug plans to Medicare beneficiaries. The company was founded in 2003 and is based in Sunrise, Florida.
NHRX News:
May 7 -
NationsHealth and CIGNA Extend Preferred Vendor Agreement Through 2012
NationsHealth, Inc. (OTCBB: NHRX) (“NationsHealth” or the “Company”) announced that NationsHealth and CIGNA have amended and restated the agreement under which the Company provides services for CIGNA’s Medicare Rx Medicare Part D Prescription Drug Plan. The amended and restated agreement extends the term through September 30, 2012, with automatic renewals for additional one-year periods thereafter.
NationsHealth’s Chief Executive Officer, Dr. Glenn M. Parker, commented, “CIGNA's extension of the agreement through 2012 speaks to the relationship’s ongoing success. We are honored to have CIGNA as a major client of our Insurance Services division for years to come, and we look forward to providing CIGNA and their members with continuous service excellence. We hope to build upon this successful collaboration over the next four and half years as CIGNA expands their Medicare product offerings.”
FRONTERA RESOURCES CORPORATION (OTC: FRTE)
"Up 16.22% in morning trading"
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Frontera Resources Corporation, together with its subsidiaries, operates as an international oil and gas exploration and production company in the Republic of Georgia. It focuses its activities on the onshore Kura Basin situated between the Caspian Sea and the Black Sea in Azerbaijan and Georgia. The company holds a 100% working interest in a production sharing agreement with the Ministry of Fuel and Energy of Georgia and State Company Georgian Oil. This agreement enables Frontera Resources the right to explore, develop, and produce crude oil in a 5,500 square kilometer area in eastern Georgia known as Block 12 PSA. It exports crude oil to international markets via the Georigan Black Sea port of Batumi. The company was founded in 1996 and is headquartered in Houston, Texas.
FRTE News:
May 7 -
Operations Update, Shallow Fields Production Unit
Frontera Resources Corporation (OTC: FRTE) (London Stock Exchange, AIM Market symbol: FRR), an independent oil and gas exploration and production company, announced an update of operations at its Shallow Fields Production Unit, Block 12, Georgia.
Mirzaani Field: Since the beginning of the year, existing production operations have continued to yield production of approximately 80 barrels per day of 28 degree API oil from multiple oil and gas bearing reservoirs situated within the Shiraki formation at depths of 400 meters to 1,200 meters.
In the past two months, five existing wells within the field have been prepared for re-entry radial drilling operations, and a specialized drilling unit is currently scheduled to arrive on location in mid-May to commence work. The radial drilling rig is similar to a coiled tubing unit and is designed to drill multiple short-reach lateral well bores from existing wells into producing formations to enhance well productivity. The application of radial drilling to existing wells is expected to add new production of as much as 10-20 barrels per day per well from reservoirs situated at depths of approximately 1,200 meters. Total cost for the five-well program is estimated to be approximately $600,000. Frontera believes that radial drilling will increase production in a cost-effective manner and establish the basis for additional well re-entries and the drilling of new wells in undeveloped portions of the field.
The reservoir engineering firm of Netherland, Sewell & Associates, Frontera's independent reserve engineers, has previously estimated the reserves associated with current production to be 282,000 barrels of proved producing reserves, 97,000 barrels of probable reserves and 64,000 barrels of possible reserves. Overall, Frontera estimates the remaining recoverable reserves of all categories in the Mirzaani Field to be approximately 1.5 million barrels, including the 0.443 million barrels covered by Netherland Sewell's previous estimates, taking into account undeveloped reserves beyond existing well bores.
Mtsare Khevi Field: A multi-well workover program has commenced and is currently underway at the undeveloped Mtsare Khevi Field. The first three workovers have been completed, targeting oil and gas bearing reservoirs within the Akchagil formation situated at depths of approximately 400 meters. Results from two wells have thus far yielded production rates of approximately 20 barrels per day, per well, of 21 degree API oil. A third well has produced approximately 1.2 million cubic feet per day of gas with 5 barrels per day of associated oil. The combined cost of the three workovers was approximately $100,000, and payout of this investment is expected to be less than fifty days based on production from these wells.
The Mtsare Khevi Field is located in the eastern portion of Block 12 with multiple objective reservoirs situated at depths between 200 meters and 1,100 meters. It was discovered and partially delineated with multiple exploration-delineation wells from 1989 to 1994, but never developed and produced. After completing a field study in 2007 that indicated this field potentially contains approximately 5 million barrels of recoverable oil reserves, Frontera designed a plan to bring reservoirs from the Akchagil formation into production.
Plans are to re-enter five additional wells, followed by the commencement of a sixty-well development drilling program. Each well is estimated to cost approximately $100,000 to drill and complete, and new wells are expected to flow at similar rates to those obtained in the recent workovers. New wells are necessary as analysis has concluded that it is not mechanically possible nor cost efficient to reenter the majority of the previously drilled Soviet era wells, which were originally designed only to determine the presence of reservoir and structure.
Nazarlebi Field and Patara Shiraki Field: During 2007, field studies concluded that significant undeveloped reserve potential of as much as 5 million barrels of recoverable reserves exists in oil bearing reservoirs situated at depths from 10 meters to 1,200 meters within the Shiraki formation at the Nazarlebi and Patara Shiraki Fields. These fields are situated adjacent to one another in Block 12.
In March and April 2008, ten wells were drilled to depths of approximately 100 meters in order to specifically target and produce known oil-bearing reservoirs in the Shiraki formation lying updip from the highest known perforations in existing wells. These horizons are the main historical producing zones from the fields and can be accessed at depths as shallow as 10 meters. Previous development during the Soviet era overlooked oil at depths of less than approximately 300 meters. Field studies and the presence of existing natural oil seeps have revealed the presence of extensive undeveloped oil potential at these shallow depths of as much as 1 million barrels of recoverable oil reserves.
One well from this initial drilling program has flowed approximately 6 barrels per day of 23-28 degree API oil, with others flowing smaller volumes. As the cost to drill these shallow wells is on average $20,000, payout is expected to be achieved in approximately one to two months per well. These results have established the basis for an extensive, low-cost development program in these two fields in order to increase near term production and cash flow, and Frontera believes there are potentially hundreds of locations that can be drilled.
Financial Results: The Shallow Fields Production Unit has thus far in 2008 generated revenues from oil sales of approximately $2.6 million dollars.
Steve C. Nicandros, Chairman and Chief Executive Officer, commented:
"Recent workover and drilling operations within the Shallow Fields Production Unit represent the commencement of important near-term production and reserve additions amidst a very strong commodity price environment. The shallow reservoir objectives that are the basis for this business unit provide the opportunity for low-cost operations that yield extremely attractive economics. We, therefore, believe this business unit will continue to grow with low-cost and low-risk opportunities to complement our other business units in Block 12. Based on the results thus far and the per-barrel valuations being attributed to reserves for other public companies, we expect the unit to deliver significant value to Frontera and its shareholders for many years to come."
Frontera's Shallow Fields Production Unit, formerly referred to as the Mirzaani Field Area Production Unit and expanded in area as a result of ongoing technical analysis, is located in the central portion of Block 12 and represents what the company believes to be an extensive trend of low-cost, low-risk undeveloped oil and gas reserves. Containing four discovered yet undeveloped or underdeveloped fields, with associated exploration potential, these fields are situated in Pliocene age horizons at depths from 10 meters to 1,500 meters.
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