OEGY.OB Solar Penny

[PerfectSage]

Barnabus Energy showed up in my favourite scan today.

BBSE news link:
http://news.nasdaq.com/aspxcontent/newsHeadlines.aspx?mode=&page=&symbol=BBSE&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=bbse&FormType=&kind=&Leap=&mkttype=&sel=news&userinput=&x=9&y=4

The weekly chart shows BBSE is breaking out of a long trading range on increasing volume.
In at $1.31

[cumulina]

It looks very interesting, and I'm very much for solar.

Couldn't find much about the company, but got this from their website:

http://sec.gov/Archives/edgar/data/1176193/000114090505000053/barn205q.htm

Looks like it's a very small operation, but hey - if they can make it, then it's great!

I think I'll wait and see how it goes for a while though.

Cheers.

[philaurora]

BBSE came up on my screen this morning also (along with MKRS).  BBSE is also a producing oil/gas company with distribution channels into the US from Alberta.

Will try to catch it on the dip @$1.11-$1.15.

[saffeysite1]

Penny oil stock.  I posted it today in the chat room this morning, but no one liked it, so  I didn't post.  Oh, well.  Blame it on Tommyt.

[la-onda]

anybody started an investment??
update from yahoo news:

Barnabus Energy, Inc. (BBSE) is a unique diversified energy company involved in developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field.

The Company's primary objective is to develop and market their renewable energy products including SolarSave™ the revolutionary, high performance commercial and residential solar roofing system; to develop Sunpak™ the durable lightweight portable power pack; and to develop design and produce Suncone a commercially viable solar concentrator.

Furthermore, Barnabus is committed to the exploitation of shallow gas pools and building midstream gas production in Southern Alberta, while continuing to develop their existing gas distribution pipeline. Additionally, the Company is pursuing alternative
energy resources that include solar energy.

The Southern Alberta region is rich in natural gas formations and the Company is working to realize the area's full potential. Barnabus Energy also intends to seek out shallow "sweet and sour*" gas reserves and production (*= determined by the sulfer content). The Company's alternative energy initiatives are focused on solar energy through a relationship with Solar Roofing Systems Inc (SRS), inventors of the patent pending SolarSave™ technology. SolarSave™is a new application of photovoltaic technology. Manufactured from a proprietary process, the photovoltaic cells are waterproof and generate electricity.

The management of Barnabus Energy Inc. is committed to the development of a diversified energy project portfolio and has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.

The Company Management believes that the time is right for a diversified portfolio of energy projects. This outlook is based on the strength of oil and natural gas pricing, combined with the relatively easy access to quality oil and gas prospects. Additionally, the renewable energy sector is currently undergoing explosive growth as many industry heavy-hitters such as BP, Shell, Chevron and GE are making strategic investments in wind, solar and hydrogen technologies. The combination of strong pricing, a fully funded drilling program, and a well-balanced portfolio of exploration and development opportunities alongside several new energy technology opportunities, positions the Company to add significant cash flow and reserves over the next year.

The company relies on the expertise of it's management, strategic alliance partners and industry consultants to ensure the authenticity of its reporting. The disclosure of Company activities, via news release, is fully reviewed by its corporate attorney, legal counsel and third party engineers prior to dissemination. All statements regarding oil and gas reserves are from arms-length, third party reservoir engineers. Through exploration and acquisition of low risk, high reward projects, the Company will generate and enhance value for its shareholders.

The strategy of the Company is to identify, acquire and develop profitable interests in oil and gas projects through the use of modern
development techniques such as horizontal drilling, high-resolution aeromagnetics, gravitometry and 2-D and 3-D seismic imaging. This will benefit the Company in defining areas that have not been fully developed, and that will lead to production and ultimately shareholder value.

Through exploration and acquisition of low risk, high reward projects, the Company will generate and enhance value for its shareholders. Additionally, the company exercises extensive due diligence when acquiring projects in order to fully evaluate their potential.

The renewable energy sector is currently undergoing explosive growth as many industry heavy-hitters such as BP, Shell, Chevron and GE are making strategic investments in wind, solar and hydrogen technologies. With this in mind, Company management has determined that the time is right for a diversification program that emulates the industry leadership shown by the majors. The strategy to accomplish this mission is via the acquisition of companies with existing, proprietary technologies and to guide them to profitability within a short period of time.

The criteria for these acquisitions is that they include a seasoned management team who can offer high efficiency, scalable projects that show a clear path to profitability. Barnabus Management intends to leverage their expertise in finance, the public markets as well as access to industry support and where applicable, government funding.

Barnabus Energy has shown strong fundamentals, having raised sufficient working capital to handle expenses, such as legal, auditing, and funding.

As of June 2005, Barnabus has raised $1,000,000 towards meeting an expenditure commitment of an estimated US $3,000,000 for the capital required for drilling, pipeline and facility construction for further development of its primary oil and gas project, Manyberries, in Southeastern Alberta. Upon completion of its acquisition strategy, the company projects that over a 12 to 24 month period, it will become a producer of 5,000 BOE/day (barrel oil equivalent per day) and 2,500 to 5,00 Mcf/day of natural gas (millions cubic feet). The Company plans to fully integrate renewable energy into their scope of business within three to five years.

The management of Barnabus Energy Inc. is committed to the development of a diversified energy project portfolio. The Company is developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field. Management has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.

SUNCONE TECHNOLOGY

A new system called "Suncone" provides an inexpensive method of producing high-temperature solar energy collection using plastic films. Like the parabolic dish, it must be pointed toward the sun but requires less precision than a parabolic dish or parabolic trough. Air pressure within the enclosure maintains rigid configuration.

SOLARSAVE™ PHOTOVOLTAIC MODULES

The proprietary manufacturing process used in the production of SolarSave™ incorporates high-efficiency, monocrystalline cells with a single ply roofing membrane. SolarSave™ modules measure 4'x8' and are heat welded together during the application process, based on the design requirements of the customers roof top. The result is a roof that becomes one piece from edge to edge.

THE MANYBERRIES GAS PROJECT

Located in South Eastern Alberta encompasses properties prospective of natural gas production from three formations: from deepest to shallowest – they are; the Sawtooth, BowIslandand Pakowki Formations.

The Sawtooth Formation is where the Company has identified three potential gas accumulations (with estimated saleable gas reserves of 1.8Bcf, 1.0Bcf, and 1.5Bcf, respectively) and have identified target zones for gas on local highs that are associated with a regional up-dip stratigraphic sand pinch-outs located ½ to one mile west of the wells. Wells already drilled through the target formations for these locations flowed at 2 to 3 mmcf/day on drill stem tests from excellent sands that showed a 24% average porosity.

The Bow Island Formation area sands "A", "B", and "C" have tested natural gas at 427 Mcf/day from 3 feet of pay zone with net porosity in the Bow Island "B" sand. The Company has extrapolated from recent mapping that such tests should indicate the presence of a two Section gas pool. With 846-psi reservoir pressure, this accumulation would be expected to have 600 MMcf of saleable natural gas.

Additionally the Pakowki Formation sand, with 10 feet of pay zone, 30% porosity and 100 psi reservoir pressure, would be expected to have 0.75 Bcf risked reserve of producible natural gas per section.

Strategic Alliances and Ready Access to Markets

The Company's strategic alliance with Hansen Energy Services, coupled with Hansen's extensive experience in the Manyberries Area, will help to minimize costs associated with drilling and completion activities.

The Company controls a majority working interest in a local gas plant, which connects to the CMG Pendant D'oreille Plant owned by EnCana. This system of delivery gives the Company direct access to sell production gas into the United States system thus producing an extra $1.31/MMBtu on average more than what other regional producers are receiving by selling into the AECO system in Alberta.

Barnabus Energy Inc., netbacks will be quite attractive and will add increased profitability to shareholders

Moving Ahead

For 2005, the plan is to spend $3 - $4 million on capital expenditures with approximately one third of the capital budget targeted for exploration. The balance of the capital budget is allocated towards developmental drilling and additional pipeline infrastructure. The development drilling is planned for three to four zones. Exploration wells are being developed for the Manyberries area and additional development drilling locations in Manyberries are planned for 2006. The Company has initiated commitments towards acquiring additional interests in existing and new lands in the Manyberries area. Additionally, the Company will be looking at acquiring assets and other working interest partners in nearby projects. Existing infrastructure and facilities are jointly owned and have sufficient capacity to process the gas from these wells

INVESTMENT HIGHLIGHTS

Business: Oil & Natural Gas
Company Name: Barnabus Energy Inc.
Stock Symbol: OTCBB: BBSE
Average Daily Volume: 302.500
Shares Outstanding: 46.6 Million
Public Float: 8 Million
Fiscal Year End: Dec. 31

- Upside Potential: By acquiring profitable interest in oil and gas, the Company projects that over a 12 to 24 month period, it will become a producer of 5,000 BOE/day (barrel oil equivalent per day) and 2,500 to 5,00 Mcf/day of natural gas, generating positive cash flow to fund future projects.

- Expansion Opportunity: The energy industry is expecting considerable expansion over the next five-plus years in terms of exploration, new drilling activity, and refurbishment of existing wells in Southeastern Alberta.

- Diversified Energy Company: In addition to oil & gas, the Company is entering the alternative energy field with solar energy solutions through a partnership with Solar Roofing Solutions Inc. Solar's proprietary technology SolarSave™ has the potential to eliminate 20 tons of greenhouse gas and smog producing emissions each year.

- Strategic Alliances: The Company has established numerous strategic alliances, providing ready market access to established oil and gas distribution channels throughout North America.

[la-onda]

$ 1.34 late friday, still time for entering the stage?

update from yahoo news:
http://biz.yahoo.com/pz/050823/84370.html

Barnabus Energy, Inc. (BBSE) is a unique diversified energy company involved in developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field.

The Company's primary objective is to develop and market their renewable energy products including SolarSave™ the revolutionary, high performance commercial and residential solar roofing system; to develop Sunpak™ the durable lightweight portable power pack; and to develop design and produce Suncone a commercially viable solar concentrator.

Furthermore, Barnabus is committed to the exploitation of shallow gas pools and building midstream gas production in Southern Alberta, while continuing to develop their existing gas distribution pipeline. Additionally, the Company is pursuing alternative
energy resources that include solar energy.

The Southern Alberta region is rich in natural gas formations and the Company is working to realize the area's full potential. Barnabus Energy also intends to seek out shallow "sweet and sour*" gas reserves and production (*= determined by the sulfer content). The Company's alternative energy initiatives are focused on solar energy through a relationship with Solar Roofing Systems Inc (SRS), inventors of the patent pending SolarSave™ technology. SolarSave™is a new application of photovoltaic technology. Manufactured from a proprietary process, the photovoltaic cells are waterproof and generate electricity.

The management of Barnabus Energy Inc. is committed to the development of a diversified energy project portfolio and has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.

The Company Management believes that the time is right for a diversified portfolio of energy projects. This outlook is based on the strength of oil and natural gas pricing, combined with the relatively easy access to quality oil and gas prospects. Additionally, the renewable energy sector is currently undergoing explosive growth as many industry heavy-hitters such as BP, Shell, Chevron and GE are making strategic investments in wind, solar and hydrogen technologies. The combination of strong pricing, a fully funded drilling program, and a well-balanced portfolio of exploration and development opportunities alongside several new energy technology opportunities, positions the Company to add significant cash flow and reserves over the next year.

The company relies on the expertise of it's management, strategic alliance partners and industry consultants to ensure the authenticity of its reporting. The disclosure of Company activities, via news release, is fully reviewed by its corporate attorney, legal counsel and third party engineers prior to dissemination. All statements regarding oil and gas reserves are from arms-length, third party reservoir engineers. Through exploration and acquisition of low risk, high reward projects, the Company will generate and enhance value for its shareholders.

The strategy of the Company is to identify, acquire and develop profitable interests in oil and gas projects through the use of modern
development techniques such as horizontal drilling, high-resolution aeromagnetics, gravitometry and 2-D and 3-D seismic imaging. This will benefit the Company in defining areas that have not been fully developed, and that will lead to production and ultimately shareholder value.

Through exploration and acquisition of low risk, high reward projects, the Company will generate and enhance value for its shareholders. Additionally, the company exercises extensive due diligence when acquiring projects in order to fully evaluate their potential.

The renewable energy sector is currently undergoing explosive growth as many industry heavy-hitters such as BP, Shell, Chevron and GE are making strategic investments in wind, solar and hydrogen technologies. With this in mind, Company management has determined that the time is right for a diversification program that emulates the industry leadership shown by the majors. The strategy to accomplish this mission is via the acquisition of companies with existing, proprietary technologies and to guide them to profitability within a short period of time.

The criteria for these acquisitions is that they include a seasoned management team who can offer high efficiency, scalable projects that show a clear path to profitability. Barnabus Management intends to leverage their expertise in finance, the public markets as well as access to industry support and where applicable, government funding.

Barnabus Energy has shown strong fundamentals, having raised sufficient working capital to handle expenses, such as legal, auditing, and funding.

As of June 2005, Barnabus has raised $1,000,000 towards meeting an expenditure commitment of an estimated US $3,000,000 for the capital required for drilling, pipeline and facility construction for further development of its primary oil and gas project, Manyberries, in Southeastern Alberta. Upon completion of its acquisition strategy, the company projects that over a 12 to 24 month period, it will become a producer of 5,000 BOE/day (barrel oil equivalent per day) and 2,500 to 5,00 Mcf/day of natural gas (millions cubic feet). The Company plans to fully integrate renewable energy into their scope of business within three to five years.

The management of Barnabus Energy Inc. is committed to the development of a diversified energy project portfolio. The Company is developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field. Management has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.

SUNCONE TECHNOLOGY

A new system called "Suncone" provides an inexpensive method of producing high-temperature solar energy collection using plastic films. Like the parabolic dish, it must be pointed toward the sun but requires less precision than a parabolic dish or parabolic trough. Air pressure within the enclosure maintains rigid configuration.

SOLARSAVE™ PHOTOVOLTAIC MODULES

The proprietary manufacturing process used in the production of SolarSave™ incorporates high-efficiency, monocrystalline cells with a single ply roofing membrane. SolarSave™ modules measure 4'x8' and are heat welded together during the application process, based on the design requirements of the customers roof top. The result is a roof that becomes one piece from edge to edge.

THE MANYBERRIES GAS PROJECT

Located in South Eastern Alberta encompasses properties prospective of natural gas production from three formations: from deepest to shallowest – they are; the Sawtooth, BowIslandand Pakowki Formations.

The Sawtooth Formation is where the Company has identified three potential gas accumulations (with estimated saleable gas reserves of 1.8Bcf, 1.0Bcf, and 1.5Bcf, respectively) and have identified target zones for gas on local highs that are associated with a regional up-dip stratigraphic sand pinch-outs located ½ to one mile west of the wells. Wells already drilled through the target formations for these locations flowed at 2 to 3 mmcf/day on drill stem tests from excellent sands that showed a 24% average porosity.

The Bow Island Formation area sands "A", "B", and "C" have tested natural gas at 427 Mcf/day from 3 feet of pay zone with net porosity in the Bow Island "B" sand. The Company has extrapolated from recent mapping that such tests should indicate the presence of a two Section gas pool. With 846-psi reservoir pressure, this accumulation would be expected to have 600 MMcf of saleable natural gas.

Additionally the Pakowki Formation sand, with 10 feet of pay zone, 30% porosity and 100 psi reservoir pressure, would be expected to have 0.75 Bcf risked reserve of producible natural gas per section.

Strategic Alliances and Ready Access to Markets

The Company's strategic alliance with Hansen Energy Services, coupled with Hansen's extensive experience in the Manyberries Area, will help to minimize costs associated with drilling and completion activities.

The Company controls a majority working interest in a local gas plant, which connects to the CMG Pendant D'oreille Plant owned by EnCana. This system of delivery gives the Company direct access to sell production gas into the United States system thus producing an extra $1.31/MMBtu on average more than what other regional producers are receiving by selling into the AECO system in Alberta.

Barnabus Energy Inc., netbacks will be quite attractive and will add increased profitability to shareholders

Moving Ahead

For 2005, the plan is to spend $3 - $4 million on capital expenditures with approximately one third of the capital budget targeted for exploration. The balance of the capital budget is allocated towards developmental drilling and additional pipeline infrastructure. The development drilling is planned for three to four zones. Exploration wells are being developed for the Manyberries area and additional development drilling locations in Manyberries are planned for 2006. The Company has initiated commitments towards acquiring additional interests in existing and new lands in the Manyberries area. Additionally, the Company will be looking at acquiring assets and other working interest partners in nearby projects. Existing infrastructure and facilities are jointly owned and have sufficient capacity to process the gas from these wells

INVESTMENT HIGHLIGHTS

Business: Oil & Natural Gas
Company Name: Barnabus Energy Inc.
Stock Symbol: OTCBB: BBSE
Average Daily Volume: 302.500
Shares Outstanding: 46.6 Million
Public Float: 8 Million
Fiscal Year End: Dec. 31

- Upside Potential: By acquiring profitable interest in oil and gas, the Company projects that over a 12 to 24 month period, it will become a producer of 5,000 BOE/day (barrel oil equivalent per day) and 2,500 to 5,00 Mcf/day of natural gas, generating positive cash flow to fund future projects.

- Expansion Opportunity: The energy industry is expecting considerable expansion over the next five-plus years in terms of exploration, new drilling activity, and refurbishment of existing wells in Southeastern Alberta.

- Diversified Energy Company: In addition to oil & gas, the Company is entering the alternative energy field with solar energy solutions through a partnership with Solar Roofing Solutions Inc. Solar's proprietary technology SolarSave™ has the potential to eliminate 20 tons of greenhouse gas and smog producing emissions each year.

- Strategic Alliances: The Company has established numerous strategic alliances, providing ready market access to established oil and gas distribution channels throughout North America.

[la-onda]

short term target: 1.50 $
long term target: 2.60 $

http://www.financial.de/pdf/scs/scs_050825.pdf
(unfortunately in German) 

[saffeysite1]

nice work.  Applaud.

[la-onda]

AllPennyStocks.com Spotlights Barnabus Energy, Inc.
Tuesday August 30, 8:01 am ET


MISSISSAUGA, Ontario, Aug. 30, 2005 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.allpennystocks.com), a leading penny stock / small-cap information site, released its latest spotlight company, Barnabus Energy, Inc. (OTC BB:BBSE.OB - News).
Barnabus Energy, Inc. (BBSE) is a unique diversified energy company involved in developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field.

The Company's primary objective is to develop and market their renewable energy products including SolarSave(tm) the revolutionary, high performance commercial and residential solar roofing system; to develop Sunpak(tm) the durable lightweight portable power pack; and to develop design and produce Suncone a commercially viable solar concentrator.


http://www.allpennystocks.com/apsc/us/stock_profiles/bbse.htm

updated chart:

[la-onda]

I would appreciate technical advice:
support at 1,18$ ?
chart:

[setravis]

Support @ 1.16....0.95...0.89
Resistance @ 1.28...1.37
MACD is Bullish......Stochastic is bullish.
Recent candlestick ....Bearish.....Doji on 26 August.
Today a Long Black Candlestick was formed. This shows that the prices declined significantly from open to close during the day under strong selling pressure.
But all this does not mean that the price of the stock will not go up.

[la-onda]

updated chart:

[la-onda]

on fire on fire.....


too late for entering ??

Chart:

[la-onda]

nice pick, applaud

[urbanlivin]

check it out. No time to write anything up on this, but see for yourself.. laters.