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Coastal Caribbean Oil & Minerals Ltd. (COCBF.OB) Indicates Lease Talks with Cobra Oil & Gas

Source: http://Blog.QualityStocks.net/?p=10960
Posted on Monday, July 7th, 2008 | In Current Market News, OTCBB Markets, Small & Micro Cap, Stocks to Watch
Contributed by: QualityStocks (http://QualityStocks.net) -

There is more than one way to make a profit on a fast moving segment of the market, if you are nimble enough. In some markets, everything is a matter of paper and delegation regardless of the product. Yes, the product still needs to make it to market, but there is always a contract behind that as well. All the company needs to do is make sure that the right paper is in the right place and hands at the right time. Make sure all the signatures are correct for your deal and a nice check can easily end-up in a company’s pocket.

Coastal Caribbean Oil & Minerals Inc. Ltd., a development stage oil and gas lease administrator, controls large sections of oil and gas leases in Montana and North Dakota. Through a series of ventures and individually struck deals, the company effectively administers well over 120,000 acres of oil and gas leases. In 2008 and 2007, the company did not drill a well under its own auspices but rather “farmed-out” the work to others working within the region.

For the most part, the company exists on royalty checks from the partners that it contracts or shares rights with. Western Standard is one of the companies sending Coastal Caribbean checks every quarter, as are several other companies. Apparently, each lease deal has its own set of parameters as to what, how and when the company receives its compensation. It does appear, however, that the company is receiving several nice checks on a regular basis. These checks may not be considered large by the usual oil and gas exploration measures, but since the company has next to no overhead (because of the way it has structured its agreements), it is experiencing solid results.

The oil and gas game has been romantically linked to the “roughneck” and getting the oil and gas out of the ground, but, in today’s evolving oil and gas market, this notion has been modified. Owners can now work remotely to “wheel and deal” their property assets. If an investor is willing to risk a paper cut to get into the oil and gas game, Coastal Caribbean may be one to take a look at.

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