Libya & Middle East Influence on Oil Prices - Industry Report Featuring Gasco Energy and Oilsands Quest

Mar 09, 2011, 08:38 ET from World Street Fundamentals

HONG KONG, March 9 /PRNewswire/ - Today, released its industry report highlighting Gasco Energy, Inc. (NYSE Amex: GSX) and Oilsands Quest Inc. (NYSE Amex: BQI). As the Middle Eastern situation continues to press concerns, it brings the potential for destabilizing a geo-strategically important region. Investors from around the world are invited to view fundamental and technical analysis at

Libya is a key OPEC member and accounts for about 2% of global oil supplies. Oil production from Egypt remains a smaller contributor, producing a little bit less than 1% of the world's total supply. Together, the Suez-Mediterranean pipeline and the canal itself account for three million barrels a day out of a total of about 88 million barrels worldwide, representing 3.5% of world production.

Fundamentals of the U.S. economy are expected over the long-term to continue recovery. Many investors are using weakness resulting from the Libya unrest as an opportunity to own quality names that enjoy strong earnings momentum and economic leverage.

World Street recognizes Oilsands Quest for its limited negative exposure to international concerns, and strong positive exposure to Saskatchewan Oil Sands, Alberta Oil Sands and Pasquia Hills Oil Shale. The company retains 100% ownership of all assets, a tax pool of $347M USD, and long term production potential of 100,000 B/D. To read the report on Oilsands Quest Inc. (NYSE Amex: BQI), click here:

World Street Fundamentals has highlighted Gasco Energy for its recent full-year results, reported net income of $10.1 million, or $0.08 per share. A 4% decrease in production was offset by a respective 29% and 42% increase in prices for natural gas and oil sales. Based on $3.62 per MMBtu of natural gas and $64.97 per barrel of crude oil, the estimated discounted net present value of Gasco's proved reserves, before income taxes, using a PV-10 discount rate was $46.9 million. To read the report on Gasco Energy, Inc. (NYSE Amex: GSX), click here:

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