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To: CommanderCricket who wrote (167861)

5/1/2012 7:45:12 AM

From: KaiserSosze

of 178630

MMT/MAUXF 2011 year end earnings out. Including this post by oullins on IV as well. This should easily hit a new 52 week high today.

BTW the 2011 year end are out . Just 21c a share. No big deal (LOL) Q1 should be better. (repeat LOL)

Hint. Read carefully about taxes.

"In October 2011 Mart's co-venturers received confirmation of
approval of Pioneer Status Incentive which entitles the co-venturers
to a waiver of Petroleum Profit Tax from 2009 until 2014. Mart's
income tax provision for 2011 has been prospectively adjusted for its
share of the Pioneer Incentive"

Cheers

http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=2645639

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To: Dennis Roth who wrote (167324)	5/1/2012 7:58:54 AM
From: Dennis Roth	2 Recommendations of 178630

EIA Electric Monthly Update Feb Coal to Gas Switching Worth 12 Mln Tons, Ending Inventory Lower than Modeled at 187 mln tons Brian Yu, CFA +1-415-951-1830 brian.yu@citi.com ir.citi.com What’s New – Coal inventories in the electric power sector rose 5 mln tons MoM during February to 187 mln tons, up from 161 the same time last year. This inventory assessment is below our 190-192 mln ton estimate probably because of better export activity. Reported inventories represent 86 days burn, 25 days above the trailing 3-year February average of 61 days. Coal to Gas Switching Accelerated in February – Because 2012 is a leap year, we have adjusted our YoY comparisons vs the EIA’s reported numbers. Coal fired generation dropped 20.5% YoY (-17.7% unadjusted) in February while low gas prices drove a 33.8% YoY (+38.6% unadjusted) increase in natural gas generation. We estimate that coal to gas switching drove an incremental 12 mln tons YoY decline in coal burn for an estimated YTD total of almost 21 mln tons. Declines in hydro, nuclear and other sources of base-load generation benefited coal burn by almost 3.5 mln tons while weaker power demand by itself negatively impacted coal burn by 4.5 mln tons. Total generation in February declined 4.4% YoY (-1.0% unadjusted). Lower Burn Than Modeled – Coal burn for the month was 202 tons per GWh of total electricity generated, below our estimate of 210 tons/GWh and 42 tons/GWh below the trailing February 3-year average of 244 tons/GWh. In January, coal burn was 44 tons/GWh below the trailing 3-year average. Coal Consumption – Coal demand from electric generation in February fell 17.5% YoY (-14.6% unadjusted) to 63 mln tons while coal generation in GWh terms fell 20.5% YoY (-17.7% unadjusted). Consumption in the Southeast was hit particularity hard, down 29% YoY while consumption in the West was up slightly. The continued smaller decline in tons consumed vs coal-fired generation points to relative market share gains by lower BTU coal (PRB and Illinois Basin) and/or curtailment of less efficient coal generation units. Exports Offer Some Relief Early in 2012 – February coal shipments totaled 83 mln tons, down 3.4% YoY with NApp shipments off the most at -5.7%. Net exports through February totaled 16.3 mln tons, which annualizes to 98 mln tons vs 2011 net exports of 94 mln tons and provided somewhat of an outlet for tons held by producers, traders and utilities for which there was no market domestically. Stock Call – We continue to prefer met over thermal and defensive low-cost producers over high-cost producers, but given the steep share decline across most coal equities, we believe most companies are already trading at trough valuations and discounting the negatives. We prefer BTU and WLT for their international met exposure, but also have Buys on ACI, ANR, CNX, ARLP and AHGP.

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From: Glenn Petersen	5/1/2012 9:39:48 AM
	1 Recommendation of 178630

A partial fix at CHK: Chesapeake says to replace McClendon as chairman Tue May 1, 2012 9:20am EDT (Reuters) - Chesapeake Energy Corp ( CHK.N) said on Tuesday it would name an independent, non-executive chairman to replace current Chairman Aubrey McClendon in the near future. Shares in Chesapeake rallied more than 9 percent in premarket trading on the news. McClendon, who is also Chesapeake's founder and will remain chief executive, will also end a controversial program that grants him minority stakes in Chesapeake's wells as of June 30, 2014, a year-and-a-half before the program was scheduled to end. McClendon will receive no compensation of any kind in connection with the early termination of that program, known as the Founders Well Participation Program, the company said. "The Board is focused on serving the interests of shareholders. We believe separation of the chairman and CEO roles will improve Chesapeake's corporate governance and the early termination of the FWPP will eliminate a source of controversy, both of which should send a positive signal to the market and improve shareholder value," Merrill "Pete" Miller, Jr., Chesapeake's lead independent director, said in a statement. (Reporting By Matt Daily; Editing by Gerald E. McCormick) reuters.com

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To: CommanderCricket who wrote (167864)	5/1/2012 9:42:19 AM
From: Dennis Roth	2 Recommendations of 178630

Arch Coal, Inc. (ACI) Weak Q1, Bringing Out the Hatchet on 2012 Download at: sendspace.com First Impressions: Q1 Miss on weaker than expected operating results across the board, but focus will be on 1) 2012 production cuts and its impact on earnings and 2) the dividend cut from $0.11 to $0.03, and what it says about the state of the company’s liquidity needs. On the production cuts, while reducing volumes by 15-26m tons does not have positive ramifications for ACI’s 2012 results, we believe these are necessary steps that should result in near-term pain for long-term gain, particularly for the industry. Additionally, on liquidity it appears ACI has taken the steps to firm up their position, by 1) reducing 2012 capex by $45m, 2) adding $68m in annual liquidity by cutting the dividend, and 3) entering into a new term loan of $1billion. Conference call today at 11am. 2012 Operating Targets Lowered: Similar to prior quarters, ACI did not provide earnings guidance for 2012. However ACI announced significant volume cuts and increased cash cost expectations within each region. Volumes: Full year sales volumes cut by 15-25.5m tons, to 136-142.5m vs. our estimate of 146.4m tons and prior target of 151m-168m. Met coal sales are expected to be 8-8.5m tons, vs our estimate of 9m tons and prior target of 9m- 10m tons. Cash costs: PRB - $11.50-12.50/ton vs. prior quarter of $10.75- 11.50/ton, Western Bit – $24-27/ton vs. prior quarter of $25-28/ton, Central App.- $68-73/ton vs. prior quarter of $64-68/ton, Illinois - $32-35/ton vs. prior quarter of $32-33/ton.

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From: 16bit	5/1/2012 9:56:24 AM
	3 Recommendations of 178630

May 01, 2012 Osage Exploration And Development, Inc. Announces $10 Million Financing Of Horizontal Mississippian Project By Apollo Investment Corporation SAN DIEGO, CALIFORNIA, MAY 1, 2012 -- Osage Exploration and Development, Inc. (OTCBB: OEDV), announced today that it has financed the drilling of its Nemaha Ridge Horizontal Mississippian project by arranging a draw down credit facility through Apollo Investment Corporation ("Apollo", NASDAQ: AINV). Osage, in conjunction with its partners, project operator Slawson Exploration and US Energy Development Corp., is preparing an aggressive drilling schedule for the balance of 2012 and 2013. "Apollo Investment Corporation is managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, LLC, a leading global alternative investment manager with assets under management of more than $75 billion as of December 31, 2011. We are extremely proud to have attracted the attention and support of Apollo." stated Mr. Kim Bradford, Chairman and CEO of Osage Exploration and Development. "Closing this facility for up to $10 million brings about another great day for the Osage shareholders. With the capital from the Apollo facility and the capital from a separate $2.5 million transaction announced last week, we believe that our entire Nemaha Ridge Horizontal Mississippian drilling project has been financed. Our momentum is clearly building as we continue to associate ourselves with the best in the business." Greg Franklin, VP of Exploration for Osage, stated, "We began studying the Horizontal Mississippian play in Oklahoma in late 2009. Since that time we have advanced a raw concept to a project, attracted great operating and financial partners, and commenced our drilling program. Given the success of our first well, the Wolf 1-29H, and the support of Apollo, we are able to continue on the path we set out upon almost three years ago, which is to drill out a Horizontal Mississippian field in Logan County, Oklahoma." osageexploration.com ******************* Let's see: Got great oil prospects to drill, check. Got partners to drill, check. Got capital for drilling cost, check. Then, drill baby, drill!

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