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QIS Update #19 2013 - September 4th 2013



Included in this update:

  • Blackbird Energy Announces Plans to Drill First Oil Well at Mantario
  • NTG Clarity Networks Signs a US$3.64 Million Document of Understanding
  • Pennant Energy Announces Plan to Drill First Oil Well at Mantario with Blackbird Energy
  • Virtutone Networks announces record monthly revenues for August 2013

Welcome to another new school year and what has become the start of a new investment period. Generally summer has been quite poor for investors, but QIS Capital had an excellent summer as the market continued to reward fundamental companies. NTG Clarity rose 129% from its closing price on June 30, Blackbird Energy gained 80%, Pennant Energy was up 33% and Virtutone rose 19%. Our only stock in a loss since June 30 is Dalmac Energy which was down by a modest 3% after some lackluster financial results. The company suffered a very wet spring which will spill over into Q1 results, but Dalmac is now experiencing very strong demand and is forecasting record revenues for the remainder of its fiscal year.  Some other stocks that we monitor and which performed very well during this past summer included DAP.U, CMI, RFC, GRE, TLA, E, GAV, IPC, and QST.

 

The next Small-Cap Conference is set for November 12, 2013 in Vancouver. We currently have about half of our presentation times filled and we are looking for another 3-4 presenting companies. If you have a company that wants to participate please contact us as soon as possible to reserve the best speaking times. Investors are now able to register for the event at www.smallcapconference.ca.

 

Please feel free to email us anytime at info@smallcaps.ca or call us at (250) 377-1182. We look forward to your comments, questions, and feedback.




 

Blackbird Energy Inc. (BBI:TSX-V)
Website: www.blackbirdenergyinc.com
Current Price: $0.09 (coverage commenced Aug 19/11 - $0.18)

 

Blackbird Energy Inc. is pleased to announce that it plans to spud its first Success Formation well at its new oil exploration project located in the Mantario area of West Central Saskatchewan (the "Mantario Project") in the fourth quarter of 2013.

 

The Mantario Project, consists of 1,440 gross acres (net 1,008 acres) of P&NG rights located approximately 21 kilometers southeast of Rock Energy Inc.’s Mantario oil project. Blackbird's farm-out partner on the Mantario Project, Pennant Energy Inc., may earn a 30% working interest by payment of 50% of the drilling, completing, equipping and tie-in costs of the test well. At this time, the well is scheduled to spud from a surface location at15d-6-26-24W3 with a total depth of 1,000 meters.

 

Garth Braun, President and CEO of Blackbird stated, "The Mantario Project has been developed by the Blackbird team and is the culmination of an extensive due diligence process including the shooting of 960 acres of 3D, the processing of 2D and 3D seismic data and the assembling of a core land position. The Mantario Project has strong analogue support to Rock Energy’s Mantario oil discovery that currently has 31 wells in production. The Blackbird team will be looking to aggressively explore and develop this oil project.”

 

About Blackbird

 

The Mantario Project is held through Blackbird's wholly-owned subsidiary Ruger Energy Inc. ("Ruger") and is comprised of a total of 1,440 acres (net 1,008 acres) in West Central Saskatchewan. Multiple oil drilling locations have been identified in the Mantario Project based on the 3D technical review.

 

The Flaxcombe Project, a Sparky oil property with four producing oil wells and three producing gas wells held by Ruger through a 100% working interest, is comprised of a total of 5,041 acres (net 2,393 acres) in West Central Saskatchewan. . The Flaxcombe Project includes 3D seismic coverage over the complete oil pool. Two development oil drilling locations have been identified based on the 3D technical review.

 

The Alsask Project is comprised of 1,120 acres in the Alsask area on the Alberta/Saskatchewan border in which Ruger holds a 100% working interest. The Alsask Project has two producing Basal Mannville oil wells and one water disposal well. Ruger also has 3D seismic coverage over the full 1,120 acres and has identified one development oil drilling location and one exploration oil drilling location.

 

The Bigstone Project is comprised of lands and licenses covering a total of 5,120 acres (net 1,120 acres), in Township 60, ranges 22 and 23W5 at Bigstone, Alberta. By completing the terms of a farm in agreement with Donnybrook Energy Inc., Blackbird earned 25% of Donnybrook's interest in the Bigstone lands and in any future operations within an area of mutual interest.

 

Blackbird’s team is focused on originating new high quality oil projects through the assembly of land positions in southwest Saskatchewan and Alberta.

 

Blackbird Energy Inc. is a Western Canadian based company that explores, develops and produces oil and natural gas in Western Canada. The Company is managed by a proven technical team. Blackbird trades on the TSX Venture Exchange under the symbol BBI.




 

NTG Clarity Networks Inc. (NCI:TSX-V)
Website: www.ntgclarity.com
Current Price: $0.435 (coverage commenced Feb. 4/10 - $0.045)

 

NTG Clarity Networks Inc. has signed a $3.64-million (U.S.) document of understanding with an American multinational technology and consulting corporation for the operations service and support of NTS Telecom in a Box and partner management portal-managed services. This DOU is valid for five years, starting Sept. 1, 2013. The current $3.64-million (U.S.) agreement covers a one-year period from Sept. 1, 2013, to Aug. 31, 2014. The company is expecting to receive the formal purchase order in the coming weeks.

 

"We are very pleased with the signing of this DOU as it increases our revenue base significantly, and introduces our products and services to this multinational corporation," said Ashraf Zaghloul, NTG Clarity's chairman and chief executive officer. NTG Clarity would also like to assure investors that the corporation has not experienced any negative impact from the political instability in certain Middle East countries. Over 95 per cent of NTG Clarity's revenue is in politically stable countries, and the corporation does not expect any adverse impact from current world events.

 

QIS Capital: NTG Clarity continues to announce new contracts and record financial results. A summary of recent news releases and financial results is included below:

 

Q2/13 Revenues $2,149,380 Net Income $829,403 ($0.03 per share)
Q1/13 Revenues $1,486,872 Net Income $202,064 ($0.01 per share)
Q4/12 Revenues $1,331,815 Net Income $451,374 ($0.02 per share)
Q3/12 Revenues $1,386,554 Net Income $176,973 ($0.01 per share)

Total Revenues $6,354,621 Net Income $1,659,814 ($0.055 per share)

 

Recent Announcements:


Sep 3/13 - NTG Clarity signs US$3.64-million document of understanding
June 13/13 - NTG Clarity Networks wins $140,000 contract in Egypt
June 12/13 - NTG Clarity to develop mobile shopping with Mi-World
June 3/13 - NTG Clarity wins $3.8-million contract
May 30/13 - NTG Clarity wins $4.2-million contract with mobile firm
May 21/13 - NTG Clarity receives US$1.1-million contract


 

Pennant Energy Inc. (PEN:TSX-V)
Website: www.pennantenergy.com
Current Price: $0.02 (coverage commenced Dec 7/12 - $0.075)

 

Pennant Energy Inc. is pleased to announce that it plans to spud its first Success Formation well at its new oil exploration project located in the Mantario area of West Central Saskatchewan (the "Mantario Project") in the fourth quarter of 2013.

 

The Mantario Project consists of 1,440 gross acres (net 432 acres) of P&NG rights located approximately 21 kilometers southeast of Rock Energy Inc.’s Mantario oil project. Pennant will earn a 30% working interest by payment of 50% of the drilling, completing, equipping and tie-in costs of the first well. At this time, the well is scheduled to spud from a surface location at 15d-6-26-24W3 with a total depth of 1,000 meters.

 

Garth Braun, President and CEO of Pennant stated, "The Mantario Project has been developed with an extensive due diligence process including the shooting of 960 km of 3D and the processing of 2D and 3D seismic data. The Mantario Project has strong analogue support to Rock Energy’s Mantario oil discovery that currently has 31 wells in production. Pennant will be looking to aggressively explore and develop this oil project.”

 

Pennant is also pleased to announce that it has appointed Ron Schmitz to the board of directors and to the Company’s audit committee. Mr. Schmitz is currently the Chief Financial Officer of the Company.




 

Virtutone Networks Inc. (VFX:TSX-V)
Website: www.virtutone.com
Current Price: $0.31 (coverage commenced Sep. 9/11 - $0.10)

 

Virtutone Networks Inc.'s wholesale division generated over $4-million in revenue for the month of August.

 

"August has been another record-breaking month for Virtutone," said Jason Allen, chief executive officer of Virtutone. "Our wholesale division continues to outperform all expectations."

 


 

Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 541,500 shares of Blackbird Energy Inc. 1,159,000 shares and 100,000 options of NTG Clarity Networks Inc., 490,000 shares of Pennant Energy Inc., and 887,500 shares of Virtutone Networks Inc. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2013 QIS Capital Corporation.

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