TORONTO, Jan. 11, 2005 (PRIMEZONE) -- Current Capital introduces our spotlight stock, Bontan Corporation (OTCBB:BNTNF), to the investment community! Bontan Corp. has acquired an Indirect Participation Interest ("IPI") of 0.75% in the world's largest onshore oil exploration program. Location: Papua New Guinea. The oil exploration program is undertaken by InterOil Corporation (AMEX: IOC), which is an international integrated energy company. Bontan Corp. also recently announced that its wholly owned subsidiary, Bontan Oil & Gas Corporation (BOG), has entered into an agreement with a private investor group in the United States to acquire a working interest in a gas exploration project. The project is located in the prolific natural gas producing state of Louisiana. Further details on this play are sure to be imminent! There are approximately 12 million shares outstanding. The stock closed yesterday at $1.38. Interoil announced yesterday its intent to commence its next well in its multi-well drilling program by the end of the first quarter of 2005. This well is on the Black Bass Prospect in Petroleum Prospecting License (PPL) 236 in Papua New Guinea.
Other notable stocks that look great lately include: InterOil Corp. (AMEX:IOC) InterOil Corp. (TSX:IOL) Ultra Petroleum (AMEX:UPL) Valero Energy (NYSE:VLO) Sun Microsystems Inc. (Nasdaq: SUNW) Sirius Satellite Radio (Nasdaq:SIRI)
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