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Western Standard Energy TICKER: OTCBB: WSEG DESCRIPTION: Western Standard Energy Corp. is a publicly traded independent oil and gas exploration company. Western Standard aims to secure and develop a portfolio of oil and gas properties throughout the Central and Western U.S.By teaming with partners and third-party service companies that are willing to share the risks and work associated with the exploration and drilling process, Western Standard is able to retain a lean corporate structure that favors increased return on investment. WEBSITE: http://www.western-standard.com The information below is based on the most recent information we have received from analysts and the companies participating in The Energy Report. We encourage you to visit the company's web site for updates. In a research note published on May 23, the analyst mentions that the company has recently signed a stock issuance agreement with Infinity Energy Investments to raise $15 million. The funds will be used to boost Western Standard Energy’s drilling activities, the analyst says. If the company is able to discover commercially viable oil and gas reserves in the prospective fields, it will begin generating revenues in FY09, Red Chip believes." (5/26/08) -GAURAV AGGARWAL, RED CHIP
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