TORONTO, Dec. 17, 2004 (PRIMEZONE) -- Current Capital introduces our spotlight stock, Bontan Corporation (OTCBB:BNTNF), to the investment community! Bontan Corp. has acquired an Indirect Participation Interest ("IPI") of 0.75% in the world's largest onshore oil exploration program. Location: Papua New Guinea. The oil exploration program is undertaken by InterOil Corporation (AMEX:IOC), which is an international integrated energy company. Bontan Corp. also recently announced that its wholly-owned subsidiary, Bontan Oil & Gas Corporation (BOG), has entered into an agreement with a private investor group in the United States to acquire a working interest in a gas exploration project. The project is located in the prolific natural gas producing state of Louisiana. Further details on this play are sure to be imminent! There are approximately 12 million shares outstanding. The stock closed yesterday at $1.62. InterOil was featured in Business Week Today see link below. Other notable stocks that look great lately include:
InterOil Corp. (AMEX:IOC)
http://www.businessweek.com/magazine/content/04_52/b3914080_mz027.htm
InterOil Corp. (TSE:IOL)
Ultra Petroleum (AMEX:UPL)
Conlog Corp. (Nasdaq:CNLG)
Valero Energy (NYSE:VLO)
First Calgary Petroleum (TSE:FCP) (LSE:FPL)
Adulis Resources (TSX Venture Exchange:ADE) (LSE:ADEq)
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