TORONTO, Feb. 11, 2005 (PRIMEZONE) -- Current Capital's spotlight stock is Bontan Corporation (OTCBB:BNTNF). Bontan Corp. recently announced that its wholly-owned subsidiary, Bontan Oil & Gas Corporation entered into an agreement with a private investor group in the United States to acquire a 49% gross working interest in a gas exploration project in the prolific natural gas producing State of Louisiana. Bontan announced that management recently met with the contractors to evaluate the status of the gas exploration project. Further details on this play are sure to be imminent as it relates to the project and its investing partners! Bontan also has an Indirect Participation Interest of 0.75% in the world's largest onshore oil exploration program in Papua New Guinea being undertaken by InterOil Corporation (AMEX:IOC) an international integrated energy company. InterOil recently announced its intent to commence its next well in its multi-well drilling program by the end of the first quarter of 2005. This well is on the Black Bass Prospect in Petroleum Prospecting License (PPL) 236 in Papua New Guinea.
Bontan has approximately 12 million shares outstanding. The stock closed yesterday at $1.34. Other notable stocks that look great lately include:
InterOil Corp. (AMEX:IOC) InterOil Corp. (TSE:IOL) Ultra Petroleum (AMEX:UPL) Heartland Oil and Gas Corp. (OTCBB:HOGC) Fidelis Energy Inc. (OTCBB:FDEI) Maverick Oil and Gas Inc. (OTCBB:MVOG) Altair Nanotechnologies Inc. (Nasdaq:ALTI) Dermisonics Inc. (OTCBB:DMSI)
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