SAEI Supatcha Resources Inc (CE)

Day Trader News Alerts' watch list includes: Supatcha Resources Inc. (OTCBB: SAEI), Exxon Mobil Corporation (NYSE: XOM), Petrohawk Energy Corporation (NYSE: HK) and Chesapeake Energy Corporation (NYSE: CHK).

New released yesterday: Supatcha Resources Inc. (OTCBB: SAEI) announced it has signed a definitive agreement to acquire a 98% interest in the Maiskoe Gold licenses in Odessa Oblast, Savaransky District, Southern Ukraine.

Supatcha will pay the owners of the property a total of US$3,500,000 and will own 98% of the mine (including all of the capital equipment) and the mineral concessions. Supatcha has also agreed to invest a further US$2,800,000 in expanding the current operation over the next year. Prior to the acquisition, the Company already had several preliminary funding commitments based on the strong merits and history of the concessions.

The property was explored previously by a number of companies and previous drilling indicated geology finds that are favorable for a potential large Gold deposit. The initial drilling done in 1999 indicated gold mineralization in a number of drill holes. Further in 2001, a magnetic/electromagnetic geophysical airborne survey was also conducted over the property and identified several major mineralization areas of interest. Supatcha management has carefully procured significant relationships in the property area, over the last several years, to bring the necessary parties together to successfully continue the development of this high potential gold property and facility. Additionally, the property development plan completed on the Maiskoe as part of the due diligence process has recommended that a drill program for a total of 2000 meters be undertaken. Supatcha has committed to complete the recommended drill program and is currently in discussions to confirm equipment mobilization and drilling dates.

About the company: Supatcha Resources Inc. is a gold exploration company focused on acquiring and developing mineral properties in Ukraine. Supatcha is in the final stages of acquiring two additional gold mining projects, with world-class potential, in southwestern Ukraine.

Exxon Mobil Corporation (NYSE: XOM) down 0.7% on 21.1 million shares traded. Exxon Mobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world's growing energy needs.

Petrohawk Energy Corporation (NYSE: HK) up 3.5% on 7.9 million shares traded. Petrohawk Energy Corporation is an independent energy company engaged in the acquisition, production, exploration and development of natural gas and oil with properties concentrated in North Louisiana and East Texas (Haynesville Shale), Arkansas (Fayetteville Shale) and South Texas (Eagle Ford Shale).

Chesapeake Energy Corporation (NYSE: CHK) up 4.4% on 17.2 million shares traded. Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S.

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