DALLAS, April 18, 2005 (PRIMEZONE) -- John Pentony, Publisher of TalkingStocks.com and StockGuru.com, announced today that the web sites have initiated Profile Coverage of Tandem Energy Holdings, Inc. (Pink Sheets:TDYH). As the demand for energy worldwide increases, Tandem Energy has made a number of key acquisitions.
Mr. Pentony commented on Tandem Energy in an email sent to membership today: "Tandem Energy now has completed the acquisition of Tandem Energy Corporation, and the acquisition of certain drilling rights in Oklahoma and Kansas, giving it total proven producing and proven unproducing reserves of $65,872,147. They have their sites set on a listing on either the NASDAQ or the American Stock Exchange, and plan to make application following both an independent financial audit of its books and records to bring it into compliance with the SEC rules and regulations, and an independent engineering review of its proven producing and proven unproducing reserves. Both the financial audit and the engineering report are expected to be completed within 90 days. Clearly, Tandem Energy is a must see for those who believe energy should be a part of any portfolio."
Besides the reserves cites above, Tandem also reported the following in a recent press release:
"The Company has also signed binding agreements to acquire the proven producing reserves and proven unproducing reserves of Shamrock Energy Corporation. The Company current annual production from such leases is $8,493,955 with an EBITDA of approximately $6,000,000, which is projected to increase to $11,138,987 of gross revenues and approximately $9,000,000 of EBITDA by the end of 2005 when the Company completes its 2005 drilling program on the development wells on the leases that it has acquired. The acquisition of the Shamrock properties will increase gross revenues from producing wells for TDYH in 2005 to $16,023,168 and EBITDA of $11,984,762. After all acquisitions and rollups are completed, Tandem will have $51,986,272 of producing oil and gas reserves with $200,637,180 of unproven producing reserves for total oil and gas reserves of $252,623,452. These estimates were prepared at prices of $40 per barrel of oil and $5 per MCF of gas, which are approximately 30% below current oil and gas prices." (Source: Tandem Energy Holdings, Inc. press release issued on April 7, 2005.)
To view our comprehensive profile for Tandem Energy, please visit:
http://stockguru.com/profiles/tdyh/index.aspx
The profile is also available on TalkingStocks.com by visiting this link:
http://talkingstocks.com/profiles/tdyh/index.php
About StockGuru.com and TalkingStocks.com
StockGuru.com and TalkingStocks.com are two of the leading destinations on the Internet for information on small and micro cap companies. Companies interested in our services may contact our Publisher, John Pentony, to discuss featuring a company on our web sites. To contact our Publisher, either telephone: (972) 731-8621 or email publisher@stockguru.com.
FORWARD LOOKING STATEMENTS:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the Company will appropriately inform the public.
Disclosure: Pentony Enterprises LLC and TalkingStocks.com LLC have been compensated a total of $6,000 in cash and and 12,000 restricted shares (Rule 144 shares) of TDYH. Neither TalkingStocks.com, LLC, nor Pentony Enterprises, LLC, are registered investment advisers or broker/dealers. TalkingStocks.com, LLC and Pentony Enterprises, LLC makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.