BUY RECOMMENDATION ON ~ SKW.V~ .70, MELEF.PF~ $4.86, SXPRF.PF~ $5.95 & BLLXF.PF~ $5.60~~ SEE BRIEFS~~ CARDIUM OIL PLAYS IN ALBERTA, CANADA!
SELLING 1/2 POSITION IN SSN @ $3.83- RECOMMENDED @.59~ OVER VALUED & SD SELLING 1/2 @ $11.27~ RECOMMENDED @ $5.23~ PROFIT MOTIVE!
~~~~~~~~CARDIUM OIL FORMATION~~~

MUCH OF THE WESTERN SEDIMENTARY BASIN WCSB STRETCHES ACROSS ALBERTA, WHICH HOLDS ONE OF THE LARGEST OIL & NG RESERVES IN THE WORLD. THE CARDIUM OIL FORMATION HOLDS SOME SIMILARITY TO THE NOW- FAMOUS BAKKEN FORMATION.

COMPANIES ARE UTILIZING THE SAME DRILLING TECHNOLOGIES ON CARDIUM WELLS THAT HAVE BEEN USED IN THE BAKKEN!

Skywest Energy-- skw.v .70

shares outstanding around 192 million

www.skywestenergy.com

403-265-0071

Go to website and review the March 2011 presentation! Very bullish development program . SKW.V is a Cardium oil focused company~ Also read the March 16th 2011 press release that cover year-end numbers for 2010.

Current NAV~ .70

Current price .70~ must use symbol skw.v in order to purchase.

Currently producing 1750 boepd with additional 900 boepd behind the pipe.

Drilling 10-12 net Cardium horizontal wells during 2011

35 net sections of quality Cardium acreage~ 130 net horizontal drilling locations~ 100 of the net 130 are unbooked in current independent reserve evaluation~ very seasoned management!

VERY SHORT HISTORY FOR THIS COMPANY, BUT IT LOOKS LIKE THEY HAVE THE RIGHT STUFF~ DO BELIEVE IF THEY CONTINUE WITH THEIR SUCCESS THAT SKW.V WILL BE GRABBED~ I THINK SKW.V COULD DOUBLE IN PRICE FROM CURRENT LEVELS WITHIN 1 YEAR IF THE SUCCESS CONTINUES AND OIL PRICES STAY FIRM!

Midway Energy~ mel.to or melef.pk~ $4.84

Current production ending Dec 2010~ 3220 boepd

corporate # 403-216- 2705

www.midwayenergy.com

See Feb 2011 presentation- another excellent report!

Currently 65% light oil and anticipate 70% by Dec 2011

70 million shares outstanding~ currently completing a secondary offering of 6.5 million shares @ $4.60~ raising $33 million for funding of capex for 2011~

1-20-2011 guidance press release~

During 2011 mel.to expects to drill 21.5 net horizontal Cardium wells in Garrington, of which 2 wells will target the Cardium B sands. Capital budget of $125 million for 2011~ this will also include 4 net wells drilled in the beachhill lake.

Production is anticipated to average 4325 boepd in 2011 and the exit rate for 2011 will be in the range of 5200-5300 boepd.

Garrington total 2P~ 14,418 mboe 2010 vs 6,066 mboe 2009

Assembled large contiguous land base of 46.3 net sections~ over 128 undrilled locations identified for Cardium A Sand.

Cardium- initial production~ 200-300 boepd, 230k boe reserves/well and $2.5 million for drill and completion costs.

Swan Hills, Alberta may be the "sleeper" area~ own 11.6k acres of land~ has 50 drill locations~ plans on drilling 4 wells during 2011~ initial well drilled and awaiting frac!~

GOT TO OWN THIS ONE~ BELIEVE THAT THE OFFERING IS HOLDING THIS BACK- OFFERING CLOSES APRIL 7, 2011-- LIKE MOST OIL COMPANIES RAISING MONEY~ AFTER THE RAISE THE STOCK TAKES OFF! VERY BULLISH TOWARDS MEL.TO OR MELEF.PK

Spartan Exploration~ spe.to or sxprf.pk~ $5.95

website: www.spartanexp.com

phone: 403-294-9196

Saskatchewan and W. Pembina area of Central Alberta.

During 2011 spe.to will drill up to 32 ( 19 net) Cardium horizontal wells in the Pembina area.

In Southwest Saskatchewan company anticipates drilling 2 net wells.

Has a line of credit for $55 million

Total rev for 2010 vs 2009~ $22 million vs $5 million and net income/sh of .13 vs .02~ CF .45 vs .11

33 million shares fully diluted

Read 3-17-2011 year-end results and as of writing of press boepd was 2300-2500

company anticipates exit production of between 2500-3000 boepd-- basing results on $80 oil and $4 mcf of NG~ Current oil is $25 dollars above valuation being used!

CF is estimated to be between $38-$42 million-- we believe that this number is 20% to low!

Review the Dec 2010 presentation

WE ANTICIPATE AN UPDATED PRESENTATION VERY SOON ~ WE WOULD NOT BE SURPRISED TO SEE THE COMPANY RAISE SOME CASH SOONER THAN LATER- COMPANY IS "TIGHT" WITH THE ISSUE OF PAPER~ WE LIKE IT! WE BELIEVE THAT YOU HAVE TO OWN A SLICE OF SPE.TO~

SPE.TO HAS THE POTENTIAL TO DOUBLE DURING THE NEXT 12 MONTHS IF DRILLING PROGRAM IS SUCCESSFUL AND OIL STAYS FIRM~ ALSO BELIEVE THAT SPE.TO COULD BE A TAKEOVER CANDIDATE!

Bellatrix Exploration bxe.to or bllxf.pk~ $5.54

99 million shares fully diluted outstanding -does not include 5.8 million options & 9.8 million common issuable on the conversion of convertible debenture.

website: www.bellatrixexploration.com

phone: 403-266-8670

Holds interest in properties located in Alberta, Saskatchewan and BC.

Read the 2-17-2011 press release- year-end reserves

Exit rate of 10,500 boepd~ weighted 42% crude oil for 2010- while Feb 2011~ rate 11,200 boepd

BXE.TO NAV as of Dec 2010 based upon GLJ evaluation equates to $5.11 to $5.79 depending upon 8-10% discount.

Funds from operations increased to $53 million in 2010 up from $36 million in 2009

Total debt dropped from $ 107 million to $87 million

2010 proved plus probable grew to 42,560 mboe from 25,872 mboe

2011 CAPEX- $100 million

March 2011~ Corporate Presentation

exit rates guidance is 13,000 boepd, tax pools $450 million ~ insiders own 13.3%, reserve life index~ 11.2 years---ALL NUMBERS ARE BASED UPON $80 OIL!

Formula for growth~ 710 locations- 10 years of drilling inventory~ extensive undeveloped land based on 211,893 net acres.

During 2011 drilling program, 30 gross well ( 17.8 net) Pembina Cardium Oil and W. Central Albera 11 gross (5.4 net)

78% of production is operated by company.

Well run company that offers investors a great organic growth potential short and long term. A juicy takeover candidate in our opinion. Investors should own this play as a core holdings in the Cardium oil play. Again, management is very qualified and should be purchased at current levels.
~~~~~~~~New Oil Project~~~~

Please recall from last email alert - Jan 31st 2011~ We invited all www.saadvisory.com readers the opportunity to participate in the direct % ownership in a oil and gas project ( the BR #1). This well is now being completed and looks like a very successful well with excellent production potential~ we are told that the well will be on-line within 2 weeks and generating petro-dollars for partners.. We are still anticipating that the payout will be 7 months or less.

We are now inviting www.saadvisory.com readers to participate in a 2-well program which is in a strictly oil producing area of South Texas. The M-Ranch is a 2-well project like the BR ~will be an offset- and have a potential of 300k reserve/2 wells. The cost is 1/3 the cost of the prior well and the potential production/well in revenue/well is actually more attractive that the Burger because this well will be measured in bopd vs boepd. The cost to partners is $7 thousand /1/2 of 1% and this amount includes completion costs. The second well to be drilled is another $7,000/well for 1/2 of 1%, which includes completion costs. The first well will be "spud" within 3 weeks or so~ interested partners should call for information if interested in participating in this project. The M-Ranch Project is expected to pay partners back with similar results from the presently being completed BR written up within the Jan 31st 2011 email alert!

For more information call Mr. C. Buck @ 1-800-811-2694~ Final note: Potentially from the data presented ~it calculates that this project if successful could have an 8 to 1 payout over the life of the each well and of course partners should understand that part of the drilling expense is tax write-off!

We are participating in 1/2 of 1%/ well and anticipate investing in both. Potential partners should not overlook the fact that crude prices are over $104/ barrel WTI and returns become even more attractive! If you are looking for monthly checks from owning a % of a oil well in Texas- you should consider reviewing this project.


~~~~~~OIL STOCK PORTFOLIO~~~~~~

name------ cost------- current ----status

cenjf.pk----5.64----------7.32 -----buy

mauxf.pk----.70---------.66---buy/hold

sdcjf.pk------.17------1.01-------buy

qep-------32.96------40.39------buy

axas-----.96---------4.98---------buy

sd------5.23----S 1/2 @ 11.27 --sell

ureyf.pk----.25------.25-------buy

cmt.to------.72------.34-------buy

erx-------25.00------82.08---hold

cll.to ------.83--------1.35-----buy/hold

bexp------3.95-------35.58---buy

useg------2.75-------5.97----buy/hold

kog------1.28---------6.90---- -buy/hold

ssn------.59 sell 1/2 @ 3.83 sell

aez-----6.44 sold 17% profit on buyout

bp-------40.00------45.74------buy/hold

wres---3.33--------4.53-------hold/buy

dej------.30-------.39--------buy

gmxr-----5.37-----5.66-----buy/hold

etkef.pk ---.15-----.14-----buy