Best canadian penny stocks june 2011

best canadian penny stocks june 2011, Canadian Penny Stocks to Watch - May 30 to June 03, 2011 Desmarais Energy Corp. (TSX-Venture:DES) is a junior oil and gas exploration & production company primarily focused in West Central and South East Alberta. The Company has a balanced portfolio of shallow to medium depth exploration and development plays combined with deeper gas targets. In one of its’ core areas, Desmarais owns over 14,000 net acres of highly perspective land offsetting several oil pools which have cumulative production of more than 35 million barrels of oil. Two recent oil discoveries completed by Desmarais have lead to new interpretation of the Company’s proprietary 3D seismic to target follow up to these discoveries.

Just the undeveloped land owned by Desmarais has been valued in excess of $2 million and the Company has invested more than $3.5 million in property, infrastructure and seismic data. Desmarais wells are currently producing 50 BOEPD and generating significant revenues month over month for the Company. With the current operations and ongoing successful exploration programs, management believes it is on target to meet its goals for a production base of 500+ boed in the near future with potential reserves of 900+ Mboe (thousands of barrels of oil equivalent). Click here for more info on this exciting oil & gas Company with a market cap of under $5 Million.source allpennystocks.com... For the latest updates PRESS CTR + D or visit Stock Market news Today

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