Force Energy Corp. (FORC) is back to an Immediate-Buy at the current $0.25 - $0.30 range now that the company has begun the drilling process. Force Energy has announced that it is in the process of permitting the first three wells on its Diamond Springs Prospect, Wyoming, and that it has retained Continental Production Company for all drilling and field operations on the project. You may profitably recall our initial FORC trade back in March 2008 when I announced a Strong-Buy signal at the $0.90 per share range. The stock quickly moved above $2.90 for a solid triple. Now, I see Force Energy moving steadily higher, once again, as the long-awaited drills finally begin turning at Diamond Springs.

Force Energy’s Diamond Springs property, of which FORC holds a controlling 75% working interest, is located in Wyoming’s prolific Wind River Basin where the U.S. Geological Survey has estimated a mean of 41 Million barrels of undiscovered oil and a mean of 2.4 Trillion cubic feet of undiscovered natural gas. A recent 3rd party geological study on the company’s Diamond Springs Prospect concluded that the property holds up to 4.3 Million barrels of oil at shallow depths of less than 1,100 feet. This property-profile of shallow drilling can be expected to translate to greatly reduced costs and lightning-fast turnaround times on well-completions – which means we can reasonably expect a steady stream of phase-one drilling news throughout the first half of 2010. Force Energy has already announced that it believes the project could hold up to 70 drill locations.

Now is the time to begin establishing your new Force Energy (FORC) share position at the current $0.25 - $0.30 price-range. Then, plan on protecting initial partial-profits at the $1.00 per share level.

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