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M2 PRESSWIRE-6 September 2005-www.investingfn.com: 4 Junior Oil and Gas Stocks to Watch. EGYF, ASPN, FLWE, and POIG(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:06092005

4 Junior Oil and Gas Stocks to Watch. EGYF, ASPN, FLWE, and POIG

"Stocks to Watch" List:

Energy Finders, Inc. (Pink Sheets: EGYF) is a U.S.-based company dedicated to the goal of being a large independent in the exploration and production of oil and natural gas. The company's mission is to create value for our shareholders by applying strong technical expertise to strategies that will unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently. The company announced that it has approved a five-for-one forward stock split. The record date for the forward stock split is to be effective Friday, September 9, 2005. With approximately 175,000 shares outstanding after its forward split on September 9th and an undeclared short position, there is a failure to deliver in shares of EGYF.

Aspen Exploration (OTCBB: ASPN) continue to set new highs virtually each week on strong volume. Last week, the company said that it had drilled its fourth and fifth consecutive wells in Colusa County, California. The Heidrick #11-1 well located in the Kirk Gas Field, Colusa County, California, was drilled to a depth of 8,532 feet and encountered approximately 80 feet of potential gross gas pay in several intervals in the Forbes formation. Production casing was run based on favorable mud log and electric log responses. Aspen has a 38.67 operated working interest in this well. The Strain #10-2 well, located in the West Grimes Gas Field, Colusa County, California, was also successfully drilled to a depth of 8,012 feet and encountered approximately 75 feet of potential gross gas pay in two intervals in the Forbes formation. One of these Forbes intervals was perforated and tested gas on a 3/16" choke at a stabilized rate of 3,163 MCFPD with a flowing tubing pressure of 3,900 psig and a flowing casing pressure of 4,000 psig. The company has another four wells to drill this year in the Sacramento Valley and is also evaluating the drilling and/or completion of additional wells in the upcoming "winter" season. ASPN has now successfully drilled 15 out of its last 16 wells. The stock ended the week at $9.00, up $3.15 on more than twice average volume.

Fellows Energy (OTCBB: FLWE) established a new high last week on heavy volume, rising to an intra-day high of $1.40 on heavy volume Tuesday, before pulling back to end the week at $1.19, up 3 cents. Shares of the company, focused on coal-bed methane, have been red-hot recently, more than doubling since late July.

Petrol Oil and Gas, Inc. (OTCBB: POIG) said last week that it had incorporated a new gas processing unit into its newly enhanced Neodesha pipeline system to support growing gas sales from its Petrol-Neodesha property in Kansas. POIG also said that it would commence a three well drilling program on the property this month. The company has rapidly increased production, as demonstrated by Q2 revenue which grew by 51.6 sequentially from the 2005 first quarter. The company has rapidly transformed itself from the pre-revenue stage less than one year ago to the production phase. The stock ended the week at $1.57, up 2 cents.

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