Force Energy Corp (FORC) nearly TRIPLED out of the gate following my 24 March 2008 buy-signal below $1 -- now the company’s shares have pulled back slightly creating a second buying opportunity for those who did not follow my initial recommendation. Force Energy controls two major Wyoming oil and gas projects, The Diamond Springs Prospect and the Dripping Rock Prospect. Force holds the early indicators of becoming the next major player to emerge from the petroleum-rich state of Wyoming, and you should take advantage of the current buying opportunity below $2 per share.

I stated in March that – with geological reports showing estimated recoverable reserves exceeding 4 million barrels on Force’s Diamond Springs Prospect – the FORC share-price was primed to spike substantially higher as interest in the project escalated prior to the start of drilling. That’s precisely what has happened as FORC shares moved up from our initial buy-range just below $1 to an interim high of $2.81 per share on 12 June 2008; an increase of approximately 195%.

Now, Force has announced its intent to move forward with a geochemical survey on the 3,330 acre Diamond Springs Prospect. This advanced exploration technology should greatly enhance the company’s ability to hit “pay-dirt” in the early drilling rounds. Directly from the company’s 27 May press release: “Decision to begin with the geochemical analysis is due to the results that have been procured thus far with this particular technology. Potter Etal report at least a 55% success rate while reporting dry holes correctly 95% of the time.”

On the Dripping Rock Natural Gas Prospect, Force is moving forward with a 3^rd party geophysical report – with results expected in July. Force Energy is targeting up to 20 Billion cubic feet (BCF) of gas per well on this project with permitting in-place on the first 8 wells. The average Dripping Rock well has an Estimated Ultimate Recovery of 10 BCF. Even at just 5 BCF per well for the first 8 wells, this prospect could generate up to $500 Million at current natural gas prices above $12.50 MCF.

Force Energy (FORC) holds expansive oil and gas reserve-potential on both its Diamond Springs and Dripping Rock Prospects. Following an early share-price triple, FORC shares have now pulled back from an interim high of $2.81 in early-June to the current $1.80 range. If you do not already own Force Energy, now is an opportune time to establish an early FORC position below $2.00 per share.

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