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Beacon Research Issues TraderNotes on UTUC, TAMO, NOGS, UGTH, GSPG December 11, 2007

Today’s TraderNotes include: Utah Uranium Corp. (OTCBB: UTUC), Tamm Oil and Gas (OTCBB: TAMO), Northern Oil and Gas (OTCBB: NOGS), US Geothermal Inc. (OTCBB: UGTH), GoldSpring Inc. (OTCBB: GSPG)

 

Utah Uranium Corp. (UTUC) TraderNote – UTUC Finding Momentum in Trading

 

Utah Uranium Corp. (UTUC) closed yesterday at 0.95, no change from the previous close at the same price.  Utah Uranium Corporation is a Moab, Utah based junior exploration and development company focused on the acquisition of past producing underground uranium mines, highly prospective new uranium projects and other conventional and non-conventional energy projects.  All of the uranium projects acquired to date, in addition to those under review by the Company, are within economic haul distances of the White Mesa Uranium Vanadium Mill in Blanding, Utah, owned by Denison Mines.  UTUC is finding momentum in trading as it announced the completion of the first 10 holes of the first phase of drilling operations on the Company's Pinto Project, located near Hanksville, UT. Results of the collected material submitted for analyses are expected in the next few weeks. In addition, results from down-hole Gamma Ray/SP/SPR logging of the drill holes, performed by Jet West Geophysical Services LLC, are also expected shortly.  In yesterday’s trading, UTUC traded a volume of 116,074 within the range of 0.90 – 0.96.  At present, it has 37.51M shares outstanding.  

 

Tamm Oil and Gas Corp. (TAMO) TraderNote – TAMO Enters into Share Exchange Agreement with DWOG

 

Tamm Oil and Gas Corp. (TAMO) closed yesterday at 2.82, a positive change of 0.38 or an increase of 15.57% from the previous close of 2.44.  Tamm Oil and Gas Corporation, a development stage company, focuses on the identification, acquisition, exploration, and development of oil and gas reserves located in the Sawn Lake area of northern Alberta, Canada.  Recently, the Company has entered into a Share Exchange Agreement with Shareholders of Deep Well Oil & Gas, Inc. (DWOG) wherein, Tamm will acquire 31,800,000 shares of Deep Well, which, based on 83 million Deep Well shares outstanding, represents 38% of Deep Well's holdings in Sawn Lake, in exchange for 31,800,000 shares of Tamm Oil and Gas.  In yesterday’s trading, TAMO traded 469,950 shares within the range of 2.57 – 2.85. 

 

Northern Oil and Gas, Inc. (NOGS) TraderNote – NOGS Boosted by New Well in North Dakota

 

Northern Oil and gas, Inc. (NOGS) closed yesterday at 7.90, a positive change of 0.10 or an increase of 1.28% from the previous close of 7.80.  Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. The Company currently controls approximately 45,000 net mineral acres in the Williston Basin and 10,000 net mineral acres in the Appalachia Basin.  At present, it has a new well drilled in a section of North Dakota that has become one of the nation's hottest areas for oil exploration. The flat brown fields lie atop a massive rock formation known as the Bakken, which is believed to contain billions of barrels of oil.  In yesterday’s trading, NOGS actively traded with 169 trades with a volume of 127,690 shares valued at $1.01M.  Yesterday’s trade saw the high of 8.45 and registered the low of 7.55.  At present, it has 22.81M shares outstanding.  Northern Oil started trading in April at $4 a share. Yesterday, it closed at 7.90. 

 

U.S. Geothermal (UGTH) TraderNote – UGTH Recorded 257 Transactions in Yesterday’s Trade

 

U.S. Geothermal (UGTH) actively traded yesterday totaling 257 trades with a volume of 293,207 shares valued at US$ 991,800.  U.S. Geothermal is a renewable energy development company that is operating a geothermal power project at Raft River, Idaho, and developing Neal Hot Springs in eastern Oregon. U.S. Geothermal holds, through ownership or lease, geothermal rights of lands that comprise the Raft River Neal / Hot Springs projects.  U.S. Geothermal recently resumed start up operations of its Unit One geothermal power plant at Raft River, Idaho.  Full commercial power generation is still expected toward the end of the 4th quarter of 2007.  In yesterday’s trading, UGTH closed at 3.40, a slight negative change of 0.02 or a slight decrease of 0.58% from the previous close of 3.42.  At present, it has 55.2M shares outstanding.  

 

GoldSpring, Inc. (GSPG) TraderNote – GSPG Traded Heavily Yesterday with 123,780,789 Shares

 

GoldSpring, Inc. (GSPG) actively traded yesterday with 123,780,789 shares within the range of 0.008 – 0.010.  GoldSpring, Inc. is a North American precious metals mining company with an operating gold and silver mine in northern Nevada.  GoldSpring is an emerging company, looking to build on its success through the acquisition of other mineral properties in North America with reserves and exploration potential that can be efficiently put into near-term production. The company's objectives are to increase production, increase reserves through exploration and acquisitions, expand its footprint in the Comstock, and maximize cash flow and return for its shareholders.  In yesterday’s trading, GSPG closed at 0.010, a positive change of 0.002 or an increase of 21.79% from the previous close of 0.008.  At present, it has 1.18B shares outstanding.

 

Beacon Equity Research Disclosure

 

The analysts contributing to this report do not hold any shares of Utah Uranium Corp. (UTUC) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been directly compensated a total of fifty thousand dollars from a non-controlling third party (Pine Mountain Ventures) for enrollment of UTUC in its research program and to coordinate a comprehensive marketing program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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