Eden Energy Rated 'Speculative / 3' by Investrend Research Analyst David Tildesley, CFA, Noting 'Strong Balance Sheet'
/24-7PressRelease/ - NEW YORK, NY, June 11, 2005 - (Investrend Research Syndicate) Eden Energy Corp. (OTCBB: EDNE) has been rated "Speculative / 3" by Investrend Research Analyst David G. Tildesley, CFA, in an initiating Benchmark report, who notes the company's "strong balance sheet" and "record of raising exploration capital" when required.
The analyst stated:
Eden Energy Corp. is an early stage oil and gas exploration company with properties in the state of Nevada.
The future value of Eden Energy will be determined by the magnitude of its ultimate exploration success over the next few years in this potentially rich area.
Since its new management team assumed control of operations in May 2004, Eden has accumulated more than 211,000 acres of property under a 9-year lease. This acreage encompasses the Noah Oil Prospect, which is a 53-mile long, 7 mile wide linear anticline. It is considered to be a superb hydrocarbon reservoir in a largely overlooked area. Eden is beginning a $7.2 million drilling program on this property. The company believes there may be at least 6 billion barrels of recoverable oil on its land.
The outcome of the drilling program is as yet unknown. But the company has a strong and experienced top management team in place that has a previous record of creating shareholder value. In addition, the CEO owns the equivalent of approximately 44% of the common equity.
While the shares are speculative, Eden does have a strong balance sheet as well as a record of raising exploration capital when it is required. The shares have risen by 35% so far this year and have substantially outperformed the Nasdaq which has declined by about 3% during this period.
The analyst's credentials are at http://www.investrend.com/articles/secondlevel.asp?level=238
Enrollment in standards-based research is an important measure of a company's commitment to transparency and Good Governance. Investrend Research's pioneering program facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Investrend subscribes to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com. Enrollment fees for basic Benchmark coverage are $21,800, and the fees were paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor employees of Investrend Research may own or trade stocks of companies under coverage.
Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes, and the full report is available at http://www.investrendresearch.com. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Anyone interested in receiving alerts regarding Eden Energy research should email contact@investrend.com with "EDNE" in the subject line.
Eden Energy Corporation is a featured Company on http://www.OilandGasStockNews.com
For full details, click here: http://investorideas.com/CO/EDNE/Default.asp
Contact:
Eden Energy Corp.
Donald Sharpe, 604-693-0179
info@edenenergycorp.com
http://www.edenenergycorp.com
or
Investrend Communications, Inc.
R. Hempel, 718-896-5060
contact@investrend.com
http://www.investrendresearch.com
Eden Energy Corporation is a featured Company on http://www.OilandGasStockNews.com
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