Dow Jones 10604.22 -18.96 8:50 am PST, January 23, 2004  NASDAQ 2127.41 +8.40 For info, visit access.smallcapnetwork.com S & P 500 1145.95 +2.01 To be removed, please click here Russell 2000 593.96 +2.23 VOLUME 04: ISSUE 5  Feature: Assure Energy - Right places, really right time. It may be cold outside--just about everywhere--but things are heating up at Assure Energy (OTCBB: ASUR). A recent $5 million financing and an extended drilling program with corporate and production results on the quarterly horizon will likely please those investors who are holding or accumulating shares around these levels.  For those who haven't taken at least an initial position in Assure, the good news is that it's not too late. Gas prices are rising as North American reserves decline.  The future looks bright for companies, such as Assure, whose management saw those market trends early, acted decisively to acquire prospective properties and now have put their money into drilling programs in the Western Sedimentary Basin--one of the richest producing gas structures in North America. As investors can see, the upward trend in gas prices has not abated. To miss out on quality natural gas plays will prove to be costly as the cold weather continues, demand outstrips supply and new gas wells and production become the most sought after commodities of the foreseeable future. Accumulation prior to corporate and production announcements, anticipated in the next few weeks, will likely return a decent short-term profit and provide a solid base for future Assure successes that we believe will materialize over the next 12 months. Within the next few weeks, Assure will release results from the fall drilling program it announced in September. It will also release its financials, which will detail the company's progress as well as its 2003 BOE/d (barrels of oil equivalents per day) exit production number. Our positive opinion on the fortunes of Assure hasn't changed. We believe that those investors who wait to accumulate stock until those numbers are revealed will be paying higher share prices.  We Alerted you to Assure in September 2003 when its share price was $3.80. Since then the shares have trended higher, recently hitting $4.75, representing a 25 percent return in roughly 4 months. As we wait for numbers and news from the company, the shares have pulled back slightly to the $4.35 - $4.45 level. We see this as a good entry level, but reiterate our credo of strategic accumulation. Significant trade above the old $4.75 high would be both a new high and bullish for the shares. Recently, the stock has tended to trade with volume between the $4.35 to $4.70 range and while a core position is recommended, investors need to be strategic with purchases so as to benefit from any short-term pullbacks in the share price.  Over the last year Assure has positioned itself for dramatic growth by acquiring a significant land mass and assembling a proven management team to find the rich resources therein. The company's fall drilling program is comprised of 10 prospects, of which 7 have been drilled to depth. In addition to building assets with reserves and increasing cash flow with the production that results from success, drill programs create more drilling as the secrets below surface are revealed and thus the cycle goes on.  No sooner did the Company secure $5 million in financing in December-- some from institutional investors--than Assure proceeded to expand its exploration by adding 4 more targets. That addition makes a total of 14 potential wells in the highly productive Western Sedimentary Basin of Canada. In British Columbia, the proliferation of wells and production has been nothing short of spectacular. As Assure stated in a recent press release "...in 2002 alone, 643 oil and gas wells were drilled in B.C. which produced 1.2 trillion cubic feet (tcf) of natural gas, the most in its history."  Assure has stated that it intends to grow through acquisitions and by way of the drill bit. It has made two major acquisitions to date--all of Westerra 2000 Inc and half of Quarry Oil and Gas--and we believe that there will be more to come. Both acquisitions created significant exploration opportunities for Assure. In a similar fashion exploration results could well identify further acquisition targets.  One thing we do know -- if Assure can maintain the pace of last year's growth -- shareholders should see significant returns.  So the bottom line is this: Assure is in the right sector of the economy, with a drilling program(s) in the right area, searching for the right commodity --natural gas-- with an exponentially rising price based on demand that is outstripping supply in North America and should continue to do so for years to come.  Assure Energy is a simple story with potentially huge upside. But only for those investors who act now.   We Value Your Feedback Got comments, questions or suggestions? 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