Issue link: http://resourceworld.uberflip.com/i/783264
F E B R U A R Y / M A R C H 2 0 1 7 www.resourceworld.com 81 needed again. RW: Have you chosen several oil and gas picks that we could summarize? BP: Here are my oil & gas stock picks. Ikkuma Resources Corp. [IKM- TSXV] has holdings in both conventional and unconventional projects in Western Canada. It is one of the few juniors operat - ing in the Canadian foothills area. Ikkuma is also developing a new oil play. Current production is almost entirely natural gas. Ikkuma is trading for less than its value of producing gas production, let alone any oil production. High Arctic Energy Services Inc. [HWO-TSX] is a service company, both in the drilling and well servicing area. High Arctic has done very well through the 'cutback' period because they have no debt and have some cash. They operate in Papua New Guinea where they mostly do drilling for natural gas and they are expanding into Canada. Both areas gener - ate significant revenues. We think this is well timed, at the bot- tom of the market, and will do nothing but improve and we get back into a more nor- mal environment. The company has had a good balance sheet and steady cash flow from Papa New Guinea through the down- turn and now they're reinvesting that into the North American market where evalua- tions are very attractive. Prairie Provident Resources Inc. [PPR-TSX] is engaged in the explo- ration and development of oil and natural gas with conventional operations primarily in Alberta. Current production is approximately 4,900 boe/d reflecting the production from the acquired Arsenal properties and approximately 1,100 boe/d of incremental volumes from five of the eight new wells drilled during Q3 2016. Black Pearl Resources Inc. [PXX-TSX; PXXS-NASDAQ Stockholm] is focused on heavy oil and oil sands assets located in western Canada. Current produc - tion is 10,500 boe/day. An independent reserve and resource assessment support a 90,000+ b/d potential. Alberta projects include Balckrod and Mooney and, in Saskatchewan, Onion Lake. Essential Energy Services Ltd. [ESN- TSX] provides oilfield services to oil and natural gas producers, primarily in western Canada. The company offers completion, production and abandonment services to a diverse customer base. n