TORONTO, Dec. 9, 2004 (PRIMEZONE) -- Current Capital is pleased to introduce our spotlight stock, Bontan Corporation (OTCBB:BNTNF), to the investment community! Bontan Corp. has acquired an Indirect Participation Interest ("IPI") of 0.75%, representing an investment of approximately US$1.6 million, in an oil exploration program in Papua, New Guinea. The oil exploration program is undertaken by InterOil Corporation (AMEX:IOC), which is an international integrated energy company. Bontan Corp. 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. There are approximately 12 million shares outstanding.
Other notable stocks that look great lately include:
Ultra Petroleum (AMEX:UPL): According to the published guest list on the Bloomberg website, the CEO of Ultra Petroleum Corporation, Michael Watford, is scheduled to appear today on Bloomberg TV at 10:40 AM ET.
Interoil Corp. (AMEX:IOC)
Teton Petroleum (AMEX:TPE)
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