Junior Oil Co.: Hyperion Exp. Corp: TSX-V: HYX

We attended an interesting presentation by a Canadian oil exploration company that is active in the Cardium area of Alberta. Their strategy is to develop production by purchasing producing acreage and then applying horizontal drilling and fracturing to building up production. This very conservative strategy has been applied with success by the CEO Trevor Spagrud at previous companies. It is interesting that that, contrary to previous experience, stock market valuation for the company is not rising along with production. which makes new equity financing difficult. Today's market constitutes and anomaly, and perhaps an opportunity, assuming of course that market conditions will return to normal eventually. We shall see.