TNEN True North Energy Corporation (CE)

(Investrend Research Syndicate) Ernest C. Schlotter, a senior analyst with Investrend affiliate SISM Research and a four star analyst according to StarMine, has initiated coverage of True North Energy Corporation (OTCBB: TNEN) with a "Speculative Buy" Rating and 12 to 18 month target price of $8.50. According to the report: "True North Energy Corp. (OTCBB: TNEN) is a small US junior energy exploration company focusing on oil and gas exploration in Alaska, Texas, and Louisiana. In 2006, the Company acquired a total of 35,000 acres in the Cook Inlet and North Slope regions of Alaska. Initial geological and geophysical assessment on its Harriet Point Prospect in the Cook Inlet shows potential for significant hydrocarbon accumulation. Success in one discovery would likely increase the stock price of True North Energy significantly. In Texas, the first re-entry well drilled by the Company was recently cased. The operator is currently in the process of conducting the tests to determine the commercial production of the well. If successful, the Company could have a foundation of oil and gas participation in the Gulf Coast that produces near-term cash flow, allowing True North to develop and explore its core area play in Alaska. In August the Company participated in a second well drilling program in Newton County Texas. It is anticipated that the operator will be logging the well over the next week. The Harriet Point Prospect venture is risky, but if successful could be a company-making asset for True North Energy. This field offers a long-term growth opportunity with a very large resource potential for the Company. The Company will acquire additional seismic data and conduct additional technical evaluation to minimize future exploration and development risks. The shares currently trade significantly above our estimate of the current net asset value of the Company of $0.12 per share. Obviously, investors are discounting some of the exploration potential in today's price of the stock." Ernest Schlotter said: "True North offers long term investors the opportunity to invest in a company with a stake in an oil exploration play in Alaska, a region that has produced a number of giant fields over the past forty years. Most of the other participants near the Company's play are major oil companies. Success in one discovery would likely increase TNEN stock price significantly." True North Energy Corporation's website is http://www.tnecorp.com. True North Energy Corporation will pay SISM Research $1,750 per month over a two-year period for the coverage. SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board, NASDAQ and AMEX. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall and Investext, to Reuters Multex, and Investrend. Both SISM Research and Investrend Research subscribe to the "Standards for Independent Research Providers." at http://www.firstresearchconsortium.com, and their research is enrolled for investor monitoring by the not-for-profit Shareholders Research Alliance, Inc. (http://www.shareholdersresearch.com). Complete information is available at the company's InvestorPower page accessible from http://www.Investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company. Anyone interested in receiving alerts regarding True North Energy Corporation research should email contact@Investrend.com with "TNEN" in the subject line. Forward-Looking Statements: Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.