StockGuru Spotlight September 9, 2011: ASEN Making Miraculous Comeback – $217M Market Cap and Up 18%

StockGuru Spotlight September 9, 2011:  ASEN Making Miraculous Comeback – $217M Market Cap and Up 18%

StockGuru Spotlight

September 9, 2011

BBLU, SAJA, MONT, NADVF, CDXC, IMGG, EOIG

Dear Members:

These Spotlights have made tremendous moves. As you can see, StockGuru brings you the very stocks you want on your radar, in your portfolio and to trade.

StockGuru Spotlight Spotlight Price Symbol High Up As Much As Market Cap
8/23/2011 $0.05 GBHL $0.12 140% $2.87M
8/12/2011 $0.25 MGLT $0.40 60% $9.69M
8/9/2011 $4.65 ASEN $5.50 18% $217.73M
7/6/2011 $0.11 CSEY $0.149 35% $7.90M
7/7/2011 $0.51 RMES $0.60 18% $10.16M

American Standard Energy Corp.  (OTCBB: ASEN) announced on August 16, 2011, the continued expansion of acreage positions, oil and gas production and revenue growth for the first six months of 2011. For the quarter, the Company reported oil and gas revenues of $3,182,364, representing sequential growth of 33.2% over the first quarter revenue figure of $2,388,493. Compared to the same period in 2010, the Company generated 106.5% revenue growth compared to $1,540,820 in second quarter revenues for the three months ended June 30, 2010.

Q2 2011 Highlights:

  • Production from 43 gross (20.1 net) wells in the Permian in which it holds 100% working interests. Average daily production across all wells was 558 BOEPD.
  • Increased Bakken producing net wells 100% in Q2, from 0.41 net wells to 0.81 net wells. Q2 BOEPD exit rate of approximately 125 BOEPD.
  • Increased Bakken oil, gas and mineral leases by 97% totaling approximately 32,300 net mineral acres for an average of $1,095 per acre.
  • Participated in 2 additional gross (0.2 net) wells in the Eagle Ford.

 

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