Cro a Stock That Will Run Up Fast When Markets Stabilize

Canadian Arrow Mines releases Atikokan drill results


08:30 EST Wednesday, November 12, 2008

SUDBURY, ON, Nov. 12 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company"), reports nickel, copper, and platinum group metal (PGM) assay results from the recently completed drilling program on the Eva Lake and Kawene Projects within its Atikokan group of projects. Sixteen holes, (2,354 metres), were completed on historical showings and untested airborne anomalies to examine near surface targets.

Highlights of the drilling included a newly discovered zone of anomalous copper - PGM mineralization in holes KW-08-03, (12.2m of 0.63 gm/t PGM's), and KB-08-05, (11.7m of 0.97 gm/t PGM's. The holes are located on adjacent 50 metre spaced sections representing a new zone of near surface mineralization.


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Mr. Todd Keast, Vice President of Exploration comments, "These anomalous drill results confirm the potential for economic mineralization in the Eva Lake-Kawene vicinity. The Company has completed the Atikokan projects phase and will be reviewing its strategy for this portion of its regional exploration program. It is currently directing its next phase of exploration on the Turtlepond Lake group of projects."


Analytical Method

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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 ISO 17025 accredited Accurassay Laboratories in Thunder Bay, Ontario. Samples analyzed for base metals (nickel, copper, and cobalt), and precious metals, (platinum, palladium and gold), are digested using aqua regia with an atomic absorption finish.

The exploration program is being carried out under the direction of The Company's Vice President of Exploration, Mr. 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 Mr. Kim Tyler, P. Geo., President of the Company, a qualified person as defined by National Instrument 43-101.

Investors are invited to visit Canadian Arrow's IR hub at http://www.agoracom/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternately, investors are able to e-mail all questions and correspondence to CRO@agoracom.com where they can also request addition to the investor e-mail list to receive future press releases and updates in real time.

From The Agoracom website"

I personally like the results from EL-08-06 28.7 meters grading 0.22 Nickel, 0.58 copper, 0.17 PT, 0.21 PD, 0.19 Gold and 0.57 Platinum.

For those that don't know copper mining is profitable at roughly .30 g/t occurance over an entire mine. These drill results are very positive based on the shallow depth of intrusion, hopefully targets are still open at depth, that information is months or years away. However, I am glad we are moving on to focus more on the Turtlepond lake occurance which I believe we will see more significant results for the wellbeing of the company from that potential deposit than in the Atikokan.

I think this company is one of the few leaders in this field. They will survive and we will prosper for it. I was only starting to get my feet wet during the mining and metal spike of 05 and 06. Had Canadian Arrow made there discoveries in that time I believe we would easily be a 3 figure stock. When precious and base metal market recover this stock should fuel its way to the top very quickly.

Also another couple of good reasons this company is a great by are there major holders.
Sprott Investments is a 2.8 million share holder (4% of the company)
Canada Pension plan owns roughly 3 million shares (4.1% of the company)
So when I put the information together I see one of the most successful Metals money managers in the world as a top holder and I also see our own Government in on this company. Also our front office are stars in the mining industry and are well credited in there field with decades of experience.

At just a couple hundred bucks a week for the next few months a normal person could become a millionaire off of a company like this. It is not getting hard to accumulate more than 500,000 shares. At todays price barely a 30k investment. I bet most of you buy a 30k car that will be nearly worthless in 4-6 years. So how come you wont drop 30k on an investment that could either be worthless or could make you a millionaire in the same amount of time? I know were my monies going... Source

Wrong Wrong Wrong

JOHN HEINZL

Globe and Mail Update

November 13, 2008 at 6:00 AM EST

As we watched the stock market take another sickening dive yesterday, a thought occurred to us. Two thoughts, actually.

Thought #1: Boy, things really suck out there.

Thought #2: Everything we were told about investing was dead wrong.

There is no need to dwell on #1, for it is now widely understood that things well and truly suck everywhere you look. But it is worth delving a little deeper into #2, because we all probably wish we'd been more skeptical of the assumptions we accepted as gospel before the financial world blew up.

For example, we were told time and again that nothing would stop Americans from spending. “Never bet against the U.S. consumer” went the refrain, and for years that was a smart strategy, because whether they were facing high gas prices, hurricanes or rising interest rates, Joe and Jane American kept shopping as if it were part of their genetic makeup.

Of course, we now understand what was behind the great American spending spree: an obscene amount of debt. It wasn't rising incomes or job growth that kept the malls packed, but credit cards, home-equity loans and various no-interest, money-down schemes made possible by asset-backed securities markets that were hungry for any paper you could feed them.

These sources of credit have either dried up or been seriously curtailed, which is why we have retailers such as Circuit City going into Chapter 11 and Best Buy slashing its forecast yesterday, citing “seismic changes in consumer behaviour [that] have created the most difficult climate we've ever seen.”

Best Buy's grim outlook – it warned that same-store sales could tumble by as much as 15 per cent between now and February – helped cut the knees out from under the stock market again yesterday, sending the Dow Jones industrial average down 411.3 points or 4.7 per cent to 8,282.66.

Another investing “truth” that turned out to be a myth was that the price of oil – being a finite resource in a world of ever-growing demand – could only go up. A related myth was that China's huge appetite for commodities would keep resource-based economies such as Canada's humming right along, thank you very much.

Both of these assumptions have now been exposed as false. With the global economy sinking fast, the price of oil yesterday slid another $3.17 (U.S.) or 5.3 per cent to $56.16 a barrel – the lowest close in 21 months and a far cry from the $147 it fetched last summer. As oil plunges, so does Canada's main stock index, which dropped 501.43 points or 5.3 per cent to 8,922.57 yesterday.

China, meanwhile, is looking more and more like a bubble in the process of popping. Property prices are plunging, factories are closing and the government – in a desperate move to prevent a severe economic slump that would spark widespread social unrest – is pouring more than a half-trillion dollars into infrastructure projects. Focusing on its domestic economy makes sense, given that Americans are no longer in a position to buy the goods rolling off Chinese assembly lines.

It's easy, in hindsight, to identify all the faulty assumptions that have now landed investors in a world of hurt. The hard part will be spotting such falsehoods the next time around, before they become so obvious to everyone.

QEC:Excellent Early Results From Shale Programs in Third Quarter

Questerre Energy Corporation: Excellent Early Results From Shale Programs in Third Quarter


00:15 EST Thursday, November 13, 2008

CALGARY, ALBERTA--(Marketwire - Nov. 13, 2008) -

NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today on its financial and operating results for the third quarter of 2008.

"The appraisal of our major shale gas discovery in Quebec began in the third quarter with excellent early results," commented Michael Binnion, President and Chief Executive Officer. "Pilot programs by our partners are on track to assess the commerciality of the Utica and Lorraine shales. We were also encouraged by a 10 mmcf/d test of the Liard shales at the Beaver River Field in British Columbia."

"The success of the drilling program in Antler largely contributed to our improved financial results during the quarter," Mr. Binnion added. "Despite lower realized prices, cash flow from operations was $5.41 million up from $5.14 million in the preceding quarter. We maintained a strong balance sheet with no debt and positive working capital of over $67 million at the end of the quarter."

"Our financial strength and conventional assets allows us to weather these challenging markets and thoroughly evaluate what could yet prove to be the most valuable natural gas find in Canada."

Highlights

- Successful Utica shale production test in the St. Lawrence Lowlands, Quebec

- Expanded pilot programs commenced in the Lowlands with 4 wells spud during the quarter

- Liard shale well tests at over 10 mmcf/d at Beaver River Field, British Columbia

- Antler, Saskatchewan development program underway with drilling of 2 wells and stimulation of 5 wells in the third quarter

- Quarterly cash flow from operations increased over 124% to $5.41 million from $2.41 million in the third quarter of 2007

- Increased oil production contributed to improved operating netbacks of $48.51 per boe from $17.39 per boe in the prior year

Cash flow from operations for the third quarter of 2008 grew to $5.41 million from $2.41 million in 2007 and $5.14 million in the second quarter. The increase reflects the higher oil weighting in the Company's production profile and stronger commodity prices and netbacks during the quarter. The Company maintained its financial position with a working capital surplus of $67.83 million at September 30, 2008 as compared to $10.00 million at December 31, 2007.

Petroleum and natural gas revenue for the three months ended September 30, 2008 was $8.89 million. This represents a 105% increase over revenue of $4.34 million in the same period in 2007 and relatively unchanged over revenue of $9.04 million in the second quarter of this year. With average daily production of 1,292 boe/d (2007: 1,206 boe/d) in the quarter, higher commodity prices were primarily responsible for the higher revenue. The Company reported net earnings of $0.29 million for the quarter as compared to a loss of $0.68 million in 2007.

Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

Barrel of oil equivalent ("boe") amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil and is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead.

This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.

FOR FURTHER INFORMATION PLEASE CONTACT:

Questerre Energy Corporation
Anela Dido
Investor Relations
(403) 777-1185
(403) 777-1578 (FAX)
Email: info@questerre.com
Website: www.questerre.com

Oilexco Net income of $59.1 million in the third quarter and $81.7 million for the first 9 months.

Oilexco Announces Third Quarter Results


17:49 EST Wednesday, November 12, 2008

CALGARY, ALBERTA--(Marketwire - Nov. 12, 2008) - Oilexco Incorporated ("Oilexco" or "the Company") (TSX:OIL) (LSE:OIL) is pleased to announce the Company's third quarter results for the three and nine months ended 30 September 2008.

Arthur Millholland, President and Chief Executive Officer, commented:

"Oilexco successfully completed a number of key steps in the third quarter that will allow the Company to increase production in the near term. By late Q4 2008 or early Q1 2009, new wells from the Shelley, Nicol and Caledonia fields are expected to begin production. The Balmoral Floating Production Vessel underwent a particularly intensive period of annual maintenance in preparation for handling increased production in 2009 and 2010."

THIRD QUARTER / FIRST NINE MONTH HIGHLIGHTS

Financial Performance

- Revenues of $95.3 million in the third quarter and $496.1 million for the first 9 months.

- Cash flow from operations of $114.2 million for the third quarter and $394.8 million for the first 9 months.

- Net income of $59.1 million in the third quarter and $81.7 million for the first 9 months.

- EBITDA of $52.0 million in the third quarter and $370.3 million for the first 9 months.

- Announcement today of the extension of Pounds Sterling 70 million of the Company's Pre-development Facility until 30 November 2009.

Production

- Production in Q3 2008 averaged 11,951 Bbls / day, and average daily sales were 8,623 Bbls / day, reflecting a production underlift. Lower production was a result of the planned annual maintenance turnaround on the Balmoral FPV that shut in production for approximately half of the quarter.

- Received average price of $120.16 per barrel of oil in Q3 2008 resulting in operating netback of $95.49 per barrel.

Operational / Drilling

- Successful exploration drilling at Moth resulted in a significant discovery, with flow test calculations suggesting the well could be capable of producing 44 Mmcf / day and 4,400 Bbls / day of condensate. Partners engaged in planning discussions for future appraisal wells in 2009.

- Development activities progressed on the 100% owned Shelley project. First oil is on target for December 2008 or early 2009 depending on weather conditions.

- Construction and initial commissioning activities completed on the Sevan Voyageur FPSO, which is scheduled to be deployed to the Shelley field in Q4.

- Successful appraisal drilling at the Caledonia field led to a fast track development plan for a new well targeting first oil in spring 2009.

- Subsequent to the end of the quarter, appraisal drilling encountered additional oil in Block 22/14a which is located immediately east of Huntington.

Outlook

- Focus for Q4 2008 is bringing new wells into production.

- Final tie in and hook up activities to be completed on Shelley field once Sevan Voyageur FPSO is deployed.

- The second production well at Nicol will be completed and tied in by end of December or early 2009 depending on weather conditions.

- Contractors are replacing equipment and re-working several previously shut in wells on the Balmoral field which is set to resume full production in Q4 2008.

The results and associated Management Discussion and Analysis and Financial Statements are at www.oilexco.com and www.sedar.com.