MISSISSAUGA, Ontario, Sept. 28, 2006 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Patch International Inc. (OTCBB:PTCH).
PTCH is a junior oil and gas producer that currently earns oil revenue from 20 oil wells. These wells provide the company with short-term and long-term cash flow. PTCH has drill programs on five properties in Alberta scheduled for this year. PTCH has properties in North America, and has a property in the heart of the Alberta Oil Sands that will begin a work program in 2006. PTCH has a strong cash position and has no debt. Patch plans to use this strong cash position to build the company's oil and gas assets, and just as Patch's pioneering pharmaceutical efforts are coming to fruition, Patch believes that the company is entering a period of tremendous success for the company's domestic and international oil and gas prospects.
The oil sands deposits in Alberta, Canada contain the second largest known reserve of oil in the world after Saudi Arabia, an estimated 175 billion barrels trapped in a complex mixture of sand, water and clay. The largest and most accessible reserve in Alberta is the Athabasca oil sands at 40,000 acres. PTCH has ownership interest in four prime Alberta oil sands leases and is currently in the process of adding to this portfolio.
A complete PTCH profile can be viewed at: http://www.allpennystocks.com/apsc/us/stock_profiles/ptch.htm
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AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and U.S. site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs weekly penny stocks to watch, has a daily market write-up, provides company spotlights, runs a unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, Nasdaq and OTCBB, and much more information for the average investor.
Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Patch International Inc. (OTCBB:PTCH); the amount is four thousand five hundred dollars in May 2005, nineteen thousand two hundred dollars in June 2005, eleven thousand eight hundred seventy-seven dollars in September 2005 and thirteen thousand six hundred dollars in September 2006 from Patch International Inc. for its efforts in presenting the PTCH profile on its web site and distributing it to its database of subscribers as well as other services. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/apsc/us/stock_profiles/ptch.htm.