Grid Petroleum (GRPR) has emerged as a brand new stock situation right in the core of our long-time profit-center in Wyoming’s prolific oil and gas sector. The company just announced its entry into a letter of intent to acquire a 100% working interest in 4 separate oil and gas prospects within the Jonah Field region of Wyoming, USA. The Jonah Prospects encompass over 6,000 acres of high impact gas leases and are situated within the 2nd largest proven gas reserve in North America.

My longtime audience will profitably recall two of our legendary stock-winners from the Jonah Field area: Pennaco Energy and Ultra Petroleum. Pennaco was bought out by Marathon Oil at $19 shortly after our recommendation around the $2.50 per share level. I was also among the first to announce a buy-signal on Ultra Petroleum near the $1 level; the company’s shares currently trade on the NYSE above $50. I see Grid Petroleum as having that same level of blue-sky profit potential at this early stage, which is why I am recommending you begin buying GRPR shares now.

Right now, Grid Petroleum is only trading sparse volume, and thus I am recommending you utilize a tight buy-ceiling of $0.69 per share as you establish your initial GRPR position. Let the market come to you on this one and do not chase above $0.70. Keep in mind that I am a renowned expert on Wyoming’s petroleum fields, and I can tell you with total confidence that Grid Petroleum will be a fast developer. That means you can expect the company to generate steadily increasing trading volume over the near-term, which should provide you with ample opportunity to establish your GRPR share-position at the seed level.

We are currently compiling our full report on Grid Petroleum – yet start establishing your GRPR position now up to $0.69 per share. Stand closely by for updated buy-instructions on GRPR as the company begins releasing additional information on its Wyoming leaseholds and exploration plans for 2010.

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