Dow Jones 9667.72 -12.29 10:00 am PST, October 10, 2003  NASDAQ 1910.29 -1.61 For info, visit access.smallcapnetwork.com S & P 500 1037.28 -1.45 To be removed, please click here Russell 2000 517.76 -3.58 VOLUME 03: ISSUE 62  Assure-ing Energy for America. Just about every jurisdiction in North America has warned consumers that their natural gas bills will rise hundreds of dollars a year for the foreseeable future. While that's bad for consumers, it's great for producers and investors. An investor can offset that rise in the household heating (and cooling) bill by being an owner of oil and gas reserves and production through a quality resource company with excellent potential such as Assure Energy (OTCBB: ASUR). Drilling down--way  down... Assure Energy is wasting no time getting down to the business of increasing its reserves and production as well as challenging the big oil and gas companies in their own backyard. The company is preparing to deep drill a 9700-foot well in its Doe prospect area in northwest Alberta near the British Columbia (B.C.) border. The deep test well has been spudded (read: ready to drill) and drilling should be completed within six weeks.  Given the other folks in the neighborhood, there is every likelihood that this well will be the first of many for Assure, to add significant reserves and production to the company's current 1550 boe/d (barrels of oil and equivalents per day). Assure plans to have production of 5000 boe/d within a few years. Right place, right time... Assure's Doe East property is flanked on the BC side by Petro-Canada's (NYSE: PCZ) Parkland area which contains 225 bcf (billion cubic feet) of gas. To the east of Doe, EnCana's (NYSE: ECA) Gordondale area is also a multi-billion cubic foot discovery. To complete the (major) players, Anadarko Petroleum's (NYSE: APC) Saddle Hills discovery--30 miles to the  south of Assure's Doe property-- boasts 130 bcf of gas reserves. Anadarko recently announced a massive $68 million expenditure to develop Saddle Hills.  Given the size of these gas structures and the fact that Assure's Doe Property is less about a half hour's drive away from any of them, it is reasonable to anticipate that Assure will become a major player in the region. And Doe is just one of many potentially gas rich prospects in Assure's land base. Cost not a problem. The cost of drilling this well, given the potential amount of gas in the ground, makes excellent economic sense for Assure. For an outlay of approximately $500,000, ASUR will earn a 40 percent interest before payout and a 25 percent working interest after payout in nine further sections of prospective property. As we have previously noted, Assure throws off a current cash flow of C$1.5 ($1.2) million per month--perfectly adequate to fund this exciting drill program and, eventually, others, on its key properties in the gas rich Western Canada region. As part of the Peace River Arch region, the Wabamun formation within the Doe prospect has been mapped as a potentially huge gas pool. The geological structures--known as the Upper Devonian Wabamun Group--tend  to house large gas reservoirs according to the Geological Survey of Canada. Assure's Doe property appears to be right on top of this type of structure. While drilling a well almost 2 miles deep is challenging, Assure is confident that it has the right team and state of the art equipment to drill successfully to depth and on schedule. Investors are beginning to realize --and profit from --Assure's potential. Since our Trading Alert on September 27th, the shares have moved smartly (10+ percent) from $3.80 to $4.15, Thursday. Also noteworthy is the corresponding exponential rise in trading volume.  As resource investors know, a major gas find by a quality junior company has a more significant impact on its share price than that of the larger companies in the sector. Evidently, Assure is blipping on more radar screens and investors are taking positions. More gas, s'il vous plait. Needless to say, winter is coming to North America and natural gas supplies--and price-- will be in the news on almost a daily basis. Canada, the largest supplier of natural gas to the US, will doubtless become more of a force in the marketplace as America looks to its neighbor and largest trading partner to shore up its supplies.  The production profile and potential of smart resource companies will only become more compelling (and profitable) to investors as the supply/demand crisis deepens and drives gas prices higher.  A core position in Assure would be an excellent participatory vehicle for the oil and gas portion of a portfolio as well as a hedge against rising retail natural gas prices. Got comments, questions or suggestions? Send 'em on over: Editor@smallcapnetwork.com Unsubscribe Here D I S C L A I M E R : The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a registered investment advisor or broker-dealer. 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