Written by Energy and Capital

When it comes to domestic oil production, no other state can touch North Dakota these days. That's because an already booming oil industry is about to get bigger. In fact, there's a tremendous oil formation here that's literally been hiding in the Bakken's shadow. It's called the Three Forks-Sanish formation... and the latest production results are in. Here's what Monte Besler, Senior Associate Engineer with Hohn Engineering, has to say about it... "Adding the Three Forks to the Bakken would virtually double the number of wells that could be drilled," says Besler. "For every well that's currently in the Bakken, there could very easily be a twin or another lateral drill in the Three Forks, which would mean doubling the amount of tax revenues, jobs -- just to try and keep up with the work load." And for investors, money-making opportunities like this simply don't come around that often. Specifically, gains like 45%, 26%... and one that's up 200% since March. Best part is, these gains are only getting started. The following new report explains why this could be the best energy play of 2009... and how you can get in on all the profitable action, starting right now. Good investing, "Need a job? Move to North Dakota. In May, the state tied for the lowest unemployment rate in the nation -- a mere 4.4% -- and added 3,000 jobs over the past month." -- CNN, June 24, 2009 It's being called "the #1 oil play in the country." Here's how to get your share of it... starting today. The recession just can't sink its teeth into North Dakota. Time magazine reports there's a real live boom happening here in the state where there's three times more cattle than people. Not only does it boast the country's lowest unemployment rate (4.3% in June), its state budget is enjoying a $1.2 billion surplus, home values are actually UP, and companies are actively recruiting workers from all over the country. That's because these days - while most of the country hopes to merely ride out the recession - North Dakota's celebrating a new linchpin in their economy: Light, sweet crude OIL. And it's about to make national headlines... again. Only this time, a new geologic twist has North Dakota's normally modest residents... grinning from ear to ear. Take a look - It was only a year ago that we introduced our readers to the massive domestic oil find known as the Bakken, just as the U.S. Geological Survey released its long-awaited study. The USGS estimates 4.35 billion barrels of recoverable oil in the Bakken, which stretches from the Dakotas and Montana into Canada. Now it's no secret that oil rigs have been producing Bakken oil with great success for the last several years... as technological advancements have finally unlocked the formation's massive net potential. The Bakken, on its own, is already a vital piece of the domestic oil landscape. In fact, the Bakken was recently called "the #1 oil play in the country," in an Oil & Gas Financial Journal interview with Mark Williams, senior VP at Whiting Petroleum - one of the leading producers in the Bakken. But it's the latest news - sweeping the entire state and its 641,500 residents - that has oil companies and North Dakota residents understandably pumped. That's because -- according to geologists and state and industry officials -- we may be looking at another oil formation... one that's every bit as big and resource-rich as the Bakken. It's the gargantuan Three Forks/Sanish formation. It lies beneath the Bakken. If geologists and officials are right about Three Forks, they could soon be confirming this giant basin as a a separate oil-producing formation... one of major significance to our national energy landscape... one that could literally double the output of the Bakken... one that could finally break our addiction to Saudi oil. And the best part for investors? Let me just say this. A trio of companies operating here - ones we've already played once for gains - could be the juiciest profits you add to your portfolio over the next few years. Again, we're still holding these companies... some of which we've advised our readers to close 50% of their positions to secure profits... others of which we've recommended buying more on dips. In fact, the state's oil industry "doubled in size dollar-wise between 2005 and 2007," according to a recent North Dakota State University study. The same report places the value of oil production, exploration, refining and other activity at "a total of $8.2 billion in 2007, up from $4.1 billion in 2005." Almost all of it... owed to the Bakken. It's why exploration in N.D. increased by more than 230 percent between 2005 and 2007. It's also why there's good reason to be excited over the prospect of a second Bakken in the Three Forks formation. Keep in mind, the Bakken had been estimated at a mere 151 million barrels. That is, until last year, when the USGS called the Bakken "the largest continuous oil accumulation it has ever assessed." So, with 4.35 billion barrels in place - and the opportunity to double that amount in the Three Forks formation - we're looking at a staggering turn to the upside. And, for investors, here's where things get really enticing... What the USGS Missed in its Landmark 2008 Study...The 2008 USGS assessment of the Bakken's vast oil reserves quickly became a major national energy story. But it completely missed out on what could prove to be the bigger story: the Three Forks basin. (In fact, two of our Bakken plays - which you'll learn about below - are already drilling here in Three Forks... with record-setting results.) According to a major Bakken driller, core samples from early drilling results in the Three Forks area indicate it's likely to be a separate formation from the Bakken. These samples show significant promise for Three Forks, given its substantially higher number of hydrocarbons when compared with the Bakken formation... which is another reason geologists think we're dealing with an oil formation all its own. Now we won't know for sure for a number of months. But it comes down to this. If the Three Forks formation is determined to be a unique oil- producing formation, it could easily add billions of barrels to North Dakota's oil reserves. Combined, they could pump out as much as 9 billion barrels! So let's quickly take a closer look at what the USGS calls... "The Largest Continuous Oil Formation It Has Ever Assessed" It's technically known as the Williston Basin, but more commonly referred to as the "Bakken." Here's a look at the map: For years, U.S. oil exploration has been considered a dead end. Even the "Big Oil" companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves... and we now have access of up to 4.35 billion barrels. And that's just in the Bakken. If the Three Forks formation proves separate from the Bakken, we could be looking at enough crude for decades on end. To America, these oil finds couldn't have come at a better time. You see, when all the wells are finally drilled and pumping, the net result will drastically reduce our dependence on Saudi oil. And for investors like you and me, it means a "once-in-a-lifetime" chance to profit on our urgent need for a domestic oil supply. And we can do it by getting in on the groundfloor of the next great oil boom... Bakken - Three Forks Oil: Neither gritty, nor dirty, nor expensive... nothing like the Alberta oil sands We're talking light, sweet crude oil - the least expensive and easiest to refine oil out there. What's more-- While North Dakota's economy is benefitting greatly from this massive oil prize, you don't have to be a North Dakota resident to get your piece of the pie. In fact, I have uncovered three companies that are drilling in the Bakken right now and are seeing returns and revenues second to none... "It's a good, old fashioned oil boom," says Dr. Paul Polzin, a University of Montana economist. One company has been there since the beginning of the Bakken boom... and is already selling its oil to the market. And the best part about it - this company is sharing its Bakken profits with everyday investors. You see, for the past seven years, this company has distributed its net profits in the form of MONTHLY cash payments. They have sent their shareholders profit-sharing checks for 96 months in a row... and the check amounts are on the rise. Straight from the company's annual report: That's how huge and insanely profitable the Bakken play has become. Now, two of the Bakken - Three Forks companies I've uncovered are true "wildcatter" plays... with the potential to return investors 100-to-1 on their money. They trade at an incredible discount in the $3 - $6 range... each having enjoyed solid gains on recent positive news. The third company is even more firmly rooted in the Bakken - Three Forks region. It has the largest stake in the Bakken - Three Forks region, leaving its competition in the dust. Amazingly, this monumental oil discovery - and these 3 companies - have remained somewhat of a secret. Before I explain this opportunity in more detail, let me be perfectly clear - I have never come across a more ideal profit scenario. In this letter, I'm going to tell you everything that I've learned about the Bakken discovery, why it is still a secret, who's involved, and - more importantly - how to profit from it. Especially before the rest of the investment community finds out. Mark my words, an opportunity like this only comes around once every so often and I can GUARANTEE that this will not remain a secret for much longer. In fact, some of the local media are beginning to report on it... "If prices increase or technology improves, the total amount of oil taken from the Bakken will go up... and that much oil means a century of steady oil production." - Lynn Helms, Director, North Dakota Dept. of Mineral Resources "People in the region 'are just starting to see the potential' in this new oil play" - Grand Forks Herald "The huge potential of the Bakken play has industry and government officials gushing with superlatives." -CanWest News Service As we all know - the people who make the most money are the people who get in first. And for the shareholders of oil companies that make huge, new discoveries, the potential payoff is mind-blowing. There are several companies that have seen similar situations to the Bakken - of course on a far smaller scale - and have rallied hundreds of percent in just a few months. If these companies can see their stock prices increase by 300%, 400% or even 500% with oil discoveries of 1 or 2 billion barrels... just imagine what a discovery of up to 9 billion barrels of oil would do to a stock's price! Here are a few examples... Bankers Petroleum is a company based in the Patos-Marinz Oil Field in Albania. Upon discovery of its 1.96 billion barrels, the company's stock price increased 468% in just 7 months! Let me fill you in on the details... It was a true "rags to riches" story. Then there's Petrominerals, a company whose primary drilling area is in the Llanos Basin in Colombia, South America. When uncovering a 1 billion barrel potential (about 1/10th the potential in Bakken - Three Forks), this stock jumped 775% in just 10 months! Lastly, there's the example of BPZ Resources, a Peruvian company that has concentrated on two main oil fields: The Corvina and Albacora Formations. Recently, it was reported that the Corvina Field holds reserves of 60 million barrels and that the Albacora field hold reserve of roughly 500 million barrels... and the stock price rocketed 449% in just 8 months! As you can see from the charts above - the potential is huge when a company makes a new discovery. And with the Bakken being exponentially larger than any oil field listed above, there is no telling how high the stock prices of the companies that I have outlined below will go -- 100%... 300%... 500%... maybe much, much higher. Keep reading to learn exactly how to get in on the ground floor of this unprecedented oil discovery in the Bakken - Three Forks Basin... How a Starving Geologist Found the Largest Oil Field in Modern History A few years ago, a Billings petroleum geologist by the name of Dick Findley was working out of his basement - searching for oil in an area that had been barren for over 20 years. Things were rough and he was struggling to get by. He even flirted with the idea of getting a second job as a restaurant cook. On a diet of nothing but Ramen noodles and hard-boiled eggs - how could you blame the guy? "The boom has been so big the pipeline carrying Montana and North Dakota crude to Midwestern markets is at capacity and the largest company drilling in Elm Coulee has temporarily closed some wells because they have no way to sell it." - The Montana Standard But one thing kept Dick going - an unprecedented suspicion that this area, known as the Bakken Basin, contained more oil than Saudi Arabia, Iraq and Iran combined. The Bakken Basin, located in Montana, North Dakota and Saskatchewan - was at one point coined "one of the largest disappointments in the oil industry." During this period, technology lacked the efficiency to make drilling worthwhile. And when oil hit all time lows in the late 90's - the Bakken Basin was basically abandoned. But Findley kept digging around. And through sheer luck, he and his partner stumbled upon a porous layer of dolomite, 9000 feet below the ground of a ranch just outside Sidney, Montana. This stumble turned out to be the largest on-shore oil discovery in decades. Little did he know, but Findley discovered enough oil to fuel the U.S. for decades. And the oil field he found - and the technology that he helped develop to extract the oil - has recently made millionaires out of ordinary North Dakotans and Montanans... "It was a light bulb kind of thought - When I discovered that the oil was in the middle shale and it continued for 50 miles, I called my partner and I said, 'I think you'd better sit down...we found a giant oil field,'" says Findley of his initial discovery. Findley soon took his discovery to energy giant Haliburton, which backed him financially and provided the support to help him develop the necessary drilling technology to efficiently take advantage of this huge oil discovery... The Technology That Makes It All Possible It's true that the oil industry has known about the Bakken Basin for over 20 years - but the problem always was that no one knew how to get at the oil. The technology just wasn't there. Until now... But even today, the exact science behind getting oil in the Bakken and Three Forks is still somewhat of a secret. I mean, think about it for a minute... Imagine you found a massive, but trapped gold mine in your neighborhood. Now imagine you created a technology to mine it - a technology unique to this specific gold mine. Would you tell anyone how to do it? Would you reveal your secret? "Could increase U.S reserves by 10 times..."- American Digest No, of course not. You would want to make as much money as possible, before everybody else found out about it. Well that's exactly what's going on with the Bakken - Three Forks Basin. "It's too early in the play to be sharing information," says Bill Walker, a Denver-based geologist with Headington Co. Bill says his company has recently developed the technology to drill the Bakken down effectively - and it's one of the company's closest guarded secrets. Even though the technology I'm talking about is rather well known, actually using it successfully is the big secret. The technology is called Horizontal Directional Drilling or H.D.D., and only a few companies have mastered the process. Horizontal Directional Drilling: Oil's "Underground Sprinkler" Getting oil out of the Bakken is not a matter of poking a hole in the ground until you hit a soft spot full of oil - which is the old vertical drilling technique. The Bakken is woven with rocks, and that rock-layer is wide but very thin. Thin enough that vertical drilling is horribly unsuccessful. It was Findley's idea to drill a well sideways - a technique called "horizontal directional drilling," in which wildcatters drill down to the oil and then kick out their well thousands of feet to the left or right... like an underground sprinkler. But horizontal drilling alone isn't enough to get the oil out of the ground. Findley had to work with Haliburton engineers to figure out a way to both drill sideways and fracture the rock to release the oil. "The Bakken is so prolific... one of the top onshore fields found in the past half-century." - Financial Post Both horizontal drilling and fracturing had been done before, but never together. This was Findley's revolutionary idea. These combined technologies made drilling the Bakken - Three Forks basins possible and extremely profitable. www.energyandcapital.com

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