NEW YORK, May 10, 2006
(Investrend Research Syndicate) Nevtaht, Inc. (OTC: NTAH), is a junior, pure-play tar-sands development company whose principle asset is a 50/50 JV with Black Sands Energy, focusing on recovering oil in world-class projects located in Utah's Uinta Basin, the nation's most hydrocarbon-rich basin.
The bulk of Uinta's tar-sands can be recovered by open-pit mining. Black Sands, proven, patented, plant is not only unique, but also highly mobile, scalable, and easy to transport and ready to move into production within the next six months. The leases, which comprise areas in the giant deposits of Asphalt Ridge, Sunnyside, and P.R. Springs, have been certified by an independent geologist as containing approx. 651.9 million barrels gross in-place, with 325.8 million barrels net to Nevtah.
Ernest C. Schlotter, senior securities analyst covering energy stocks with SISM, and a four star analyst for EPS accuracy, according to StarMine, said: "The company's shares have seen considerable price increase in the past six months; with the leverage to the Utah tar-sands, further appreciation potential is intact. Nevtah is sitting on a lot of oil; the share price trades at a discount of 84.8% to our calculated total NAV of $6.11. We are initiating coverage on Nevtah Capital with a Speculative Buy/4 rating and a 12 - 18-month target price of $4.60, based on a 0.75x multiple to our assessment of Nevtah's NAV of $6.11 per share.
" Nevtah will pay SISM Research $1,750 per month over a two-year period solely to ensure independent coverage. SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board, NASDAQ and AMEX. This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall and Investext, to Reuters Multex, Integrity Research Associates and Investrend.
Both SISM Research and Investrend Research subscribe to the "Standards for Independent Research Providers." Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes . Investors are advised to read disclosures carefully before trading in the equities of any enrolled company. The company's research will be enrolled for investor monitoring by the Shareholders Research Alliance (http://www.shareholdersresearch.com).
Anyone interested in receiving alerts regarding Nevtah Capital Management, Inc research should email contact@investrend.com with "NTAH" in the subject line.
Contact:
Paul Davey
Investor Services
(778) 389-0915
info@nevtahoilsands.com
Mr. Daniel P. Kesonen
President & CEO
Nevtah Capital Management Inc.
(561) 626-9901
For more information,
please contact:
Daniel P. Kesonen President & CEO
Nevtah Capital Management Corp.
(561)
626-9901
