Comments from Jay Taylor's 'Hard Money Advisors' About Blue Parrot Energy Inc.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--June 8, 2004 Blue Parrot Energy Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BPA BPA British Paediatric Association. ) (BERLIN:BPX BPX Business Process Expert BPX Business Process eXcellence (Delphi Group event) BPX Burning Plasma Experiment BPX British Petroleum Exploration BPX Broadband Packet Exchange BPX Bus Parcel Express (Canada) ): (TSX.V BPA-$0.34 USD-Berlin-BPX:BE): The company disclosed that early indications exceed expectations on Wells 4/19 and 5/19, which commenced production at a rate of 0.5 cubic meter Noun 1. cubic meter - a metric unit of volume or capacity equal to 1000 liters cubic metre, kiloliter, kilolitre metric capacity unit - a capacity unit defined in metric terms per hour of oil each, equating to 12 cubic meters per day, or 70-75 barrels of oil per day, without considering gas production, which is yet to be monitored. The 8/24 Well is expected to commence production by the end of this week and all three will be tied into the company's new pipeline by the end of this week. At that time, gas production will be conserved, monitored, and reported on. Well 1/24, the last of the four new wells in this phase one program, is scheduled to be traced June 4 and expected to be in production early next week with an immediate tie-in to the pipeline. "The Latest comments from Jay Taylor about Blue Parrot Energy Inc. "Taylor Hard Money Advisors" I continue to believe this is one very undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. energy company already. As it continues to expand production, the shares of BPA should at some point begin to rise dramatically. Given rising cash flows, I expect that day may not be far off. About Blue Parrot Blue Parrot Energy Inc. (TSX-V: BPA-BPX.BE-Berlin) is an oil and natural gas exploration development based in Calgary, Alberta, Canada. Bill Elligson, President "Published with permission of Taylor Hard Money Advisors, Inc., 33-42 61st Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. 11377. (718) 457-1526 Web site: www.miningstocks.com. The TSX has neither approved or disapproved this release. |
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