COASTAL ENERGY PACIFIC RUBIALES

COASTAL ENERGY

PACIFIC RUBIALES

Coastal Energy

was an interesting story with a great management team with

assets in Thailand and offshore Thailand. However, two

years ago they didn’t have much other than hope going for-

ward.

Now they are up close to 10,000 barrels a day and they

spudded the Songkhla-B prospect just before Christmas and

there should be results out some time in the next while. The

fact that Coastal is heading up strongly in the last few days

suggests that this well might have come up with something

for it to be making a move like this.

We caught up with Fred Kozak who has been advocating

this story for some time (as has Keith Schaefer of the Oil

and Gas Investments Bulletin) and Fred tells us the signifi-

cance of what is going on. There are two blocks on this tar-

get that they are drilling and the two faults have targets—

one of potentially 30 million barrels, the other of 70 million

barrels. Needless to say, if both of them hit, this story is

going to the moon. If not…well, this folks is what explora-

tion is all about.

Meanwhile, it’s that time of year we ask all our favourite

stock pickers if they could only buy one stock today, what

would it be? Kozak suggests that he is now showing the

strength of his conviction as he ups his target on Pacific

Rubiales to $25.00. While Pacific Rubiales has had an abso-

lutely amazing run (just like Bankers Petroleum, Coastal and

a few others) but a $25.00 target definitely is one of the suc-

cess stories of the day, should it get there.

I guess we owe Freddie a bottle of single-malt scotch

which is what he celebrates with when a story comes in big

and I suspect if Coastal comes up with that kind of news in

the next couple of weeks, there will be a few corks popping

around Houston.

We come up with the second question Freddie...if you are

a retail investor, Pacific Rubiales is now kind of out of your

league. Have you got any juniors? “Yes” he says, just

check out this one story that is a cheapie associated with

Pacific Rubiales.

**************************************************************************

East Asia has had a bit of a correction over the last

couple of days and Dave Coffin says it is just a normal

correction in an ongoing good story.

Meanwhile, Nicolas Campbell updates us on Keegan

which is having a great day today and he suggests that a

scoping study should be ready by the end of this month

which is going to give the analysts something to look

forward to. More drilling results should also be out in a

couple of weeks as well. He also wouldn’t be surprised

to see the company acquire additional land in their hold-

ings in Ghana.

Meanwhile Campbell also points out more takeovers

today with Barrick and Goldcorp arguing over New Gold.

But he does suggest that that’s a probable exit strategy

for Keegan down the road…at some point, somebody

bigger buys them out.

We note several analysts suggesting several compa-

nies work in the area of Ghana and Red Back might be an

obvious buyer.

AMAZON MINING

(V-AMZ)

$2.35 +0.24

THALLION PHARM.

(V-TLN)

$0.30 +0.01

As we’ve mentioned, it’s the time of year to ask the

stock pickers and people with significant companies for

their selections for the coming year. John Kaiser has had

winner after winner after winner in the past year—

everything from rare earths to diamonds to you-name-it.

One that we have latched onto and even visited Brazil to

see first-hand is Amazon Mining. The stock hits new highs

today and Jed Richardson, the geologist/VP with the com-

pany tells us to expect additional drilling results early next

week.

We asked him for a stock pick, particularly since he was

one of those advocating Wavefront last year and he goes

with a weird one. “I’m aware of the plight of pharmaceuti-

cal stocks” he says, but he has big expectations for Thallion

Pharmaceutical, which has just signed a mega-deal with LFB

Biotechnologies of France. Richardson says the company

is trading for less than cash in the till and if their special-

ized drug works for different kinds of e-coli problems, he

can see this story attracting a lot of attention.

Canadian Arrow reports drill results including new nickel copper discovery

Canadian Arrow reports drill results including new nickel copper discovery

cnw






SUDBURY, ON, Jan. 7 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") reports the discovery of a new nickel copper sulphide mineralized zone while drill testing the Night Danger exploration target area. A nine metre wide section of stringers and blebs of sulphides assayed 0.57% Ni and 0.45% Cu. Two sections within this interval assayed greater than 1% nickel. The Night Danger area is a new showing identified by the Company and has no previous exploration history.


The Night Danger target was identified during the Canadian Arrow 2008 VTEM Airborne Survey in the Turtlepond Lake Area. The well pronounced anomaly, detected on two adjacent 100 metre spaced flight lines, is situated in a swampy area with no surface exposure. Diamond drill hole ND-09-1 intersected two separate intervals of sulphide mineralization between 63.45 and 88.05 metres down the hole. Narrow sections of up to 1.3% Nickel are contained within the lower sulphide horizon.





Table 1 - Night Danger (ND) and Glatz (GZ) Significant DDH Assay Results




<<
Hole From To Length Ni% Cu% Co% Au Pt Pd Ag
(m) (m) gpt gpt gpt gpt

ND-09-1 63.45 71.85 8.40 0.27 0.22 0.01 0.01 0.01 0.00 0.97

Includes 66.75 68.80 2.05 0.60 0.42 0.02 0.02 0.01 0.00 2.00

ND-09-1 79.00 88.05 9.05 0.57 0.44 0.02 0.03 0.03 0.01 1.16

Includes 79.00 79.80 0.80 1.04 0.13 0.04 0.00 0.02 0.01 0.50

Includes 85.30 86.25 0.95 1.31 1.99 0.04 0.04 0.14 0.01 4.00


GZ-09-2 45.0 50.9 5.9 0.34 0.17 0.02 0.02 0.00 0.00 1.27
>>






At the Glatz area six diamond drill holes (1,056 m) were completed to test surface showings with coincident geophysical anomalies. Sections of disseminated and blebby sulphides have been intersected; however the mineralization between holes is indicated to be narrow and discontinuous.


Deeper penetrating ground geophysical surveys will be completed at the Night Danger and other areas. Additional drill results to be reported from the Emmons Lake and Double E target areas are forthcoming.





Analytical Method





Mineralized diamond drill hole intervals reported are down hole core lengths only. NQ diameter drill core samples are split in half; one half being retained in its original core box and the second half sent to an independent commercial laboratory for analysis. Samples are analyzed by ALS Chemex Laboratories in Vancouver, BC. Samples analyzed for base metals (nickel, copper, and cobalt) are digested with a four acid digestion technique with an ICP-AES finish. Precious metals, (platinum, palladium and gold), are fire assayed with an ICP-AES finish.


The exploration program is being carried out under the direction of The Company's Vice President of Exploration, Todd Keast P. Geo., a qualified person as defined by National Instrument 43-101. The information in this release was prepared under the direction of Kim Tyler, P. Geo., President of the Company, a qualified person as defined by National Instrument 43-101.





About Canadian Arrow Mines:





Canadian Arrow Mines Limited is focused on acquiring and developing nickel sulphide deposits near existing infrastructure. The Company's principal asset is the Kenbridge Project, a nickel-copper sulphide deposit containing over 44,000 tonnes of nickel in the measured & indicated classes, (Sedar, Aug. 19, 2008), as follows:




<<
- Measured Resource: 3,546,000 tonnes grading 0.45% nickel,
0.24% copper, 0.015% cobalt.

- Indicated Resource: 3,593,000 tonnes grading 0.79% nickel,
0.42% copper, 0.018% cobalt.
>>






The deposit remains open in three directions, is equipped with a 620 m shaft and has never been mined.





*National Instrument 43-101: Mr. E. Puritch, P. Eng., Ms. Tracy Armstrong, P.Geo., and Antoine Yassa, P.Geo. of P&E Mining Consultants Inc. are the independent qualified persons for the Kenbridge resource estimates.





Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues.





Additional information relating to Canadian Arrow is available on SEDAR at www.sedar.com





This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.