Coastal Caribbean an Interesting Royalty Play on Energy Sector

7/7 - "Coastal Caribbean Oil & Minerals Inc. Ltd., a development stage oil and gas lease administrator, controls large sections of oil and gas leases in Montana and North Dakota. Through a series of ventures and individually struck deals, the company effectively administers well over 120,000 acres of oil and gas leases. In 2008 and 2007, the company did not drill a well under its own auspices but rather “farmed-out” the work to others working within the region."

"For the most part, the company exists on royalty checks from the partners that it contracts or shares rights with...the company is receiving several nice checks on a regular basis. These checks may not be considered large by the usual oil and gas exploration measures, but since the company has next to no overhead (because of the way it has structured its agreements), it is experiencing solid results."

"The oil and gas game has been romantically linked to the “roughneck” and getting the oil and gas out of the ground, but, in today’s evolving oil and gas market, this notion has been modified...If an investor is willing to risk a paper cut to get into the oil and gas game, Coastal Caribbean may be one to take a look at."