SOURCE: NaturalGasStocks.com; Chesapeake Energy; Eden Energy Corp.; Petrol Oil and Gas; Goodrich Petroleum

June 13, 2006 09:00 ET

Hurricane Season Sparks Concerns Over Oil and Natural Gas Supply Disruptions and Higher Energy Prices

NaturalGasStocks.com Looks at How Oil and Natural Gas Industry Participants, Chesapeake Energy, Eden Energy, Petrol Oil and Gas and Goodrich Petroleum Prepare for the Summer Months

POINT ROBERTS, WA and DELTA, BC -- (MARKET WIRE) -- June 13, 2006 --

www.NaturalGasStocks.com (NGS) and www.OilandGasStockNews.com (OGSN), global investor websites for the natural gas, energy and oil industries, take a look at speculation surrounding the 2006 hurricane season in terms of potential impacts on oil and natural gas supplies and prices. With the oil and gas sector, and in particular the Gulf region, still recovering from the devastation caused by Katrina, a damaging 2006 storm season could escalate industry pressures through additional disruptions and shut-ins, leading to higher energy prices. Industry participants Chesapeake Energy, Eden Energy Corp, Petrol Oil and Gas and Goodrich Petroleum forge ahead with their pursuit of increased exploration, development and production levels, with a close eye on Gulf coast weather activities.

The National Oceanic & Atmospheric Administration (NOAA) anticipates this season to be highly active with predictions of between 13 to 16 named storms, with 8 to 10 becoming hurricanes, of which 4 to 6 could become 'major' hurricanes reaching Category 3 strength or higher.

While there is anticipation for an active storm season due to numerous variables, most experts do not anticipate the level of activity we saw last year. Jon Davis, Meteorologist with Chesapeake Energy Corp (NYSE: CHK) explains, "Last year was an exceedingly unique situation on many different levels and based on the significant differences in last year's conditions that produced a record number of storms in the Gulf, and what we have going on right now, we do not expect the same level this year."

In addition to the highly anticipated activity of storms along the coast, the nation is also facing the challenges of hot temperatures that accompany the summer months ahead. Paul Branagan, President of Petrol Oil and Gas, Inc. (OTCBB: POIG) explains, "Most of the country is already experiencing some pretty high temperatures and given that summer is still about two weeks off this means that the utilities usage of fossil fuels is and will probably continue at high levels throughout the summer. That demand mixed with the potential adverse effects of the hurricane season suggests that the oil and gas market will remain extremely volatile and producers both big and small will have to work hard to maintain supply."

Goodrich Petroleum's (NYSE: GDP) President, Robert Turnham adds, "The impact to the supply system for oil and gas depends on the path of the hurricanes. If they take the same path as last year we will once again have a tremendous amount of production shut-in and potentially lost due to wind and storm surge damage and we could also see further destruction of demand."

With a pull back on natural gas prices due to a mild winter, weather once again holds the wildcard on price influence as we move forward into the summer months. Jeff Mobley, Vice President of Investor Relations and Research for Chesapeake Energy states, "To the extent that you take production offline in the Gulf of Mexico that would very quickly fix the short term supply and demand imbalance and gas prices would go up materially."

With this in mind, many domestic oil and gas companies are working to increase exploration, development and production to continue to meet the growing energy demands. As Don Sharpe, CEO of Eden Energy Corp. (OTCBB: EDNE), an oil and gas exploration and development company describes, "Our company continues to acquire and develop a very high quality portfolio of large prospects in the US with the objective of finding and developing major sources of oil and gas for America." To Read the Hurricane Season Overview: http://www.naturalgasstocks.com/Articles/061306.asp

NaturalGasStocks.com (NGS) and OilandGasStockNews.com (OGSN) are portals within the InvestorIdeas.com™ content umbrella. Our sites do not make recommendations, but offer investors research, news and links to public companies within the oil and gas sector.

NGS and OGSN also include one of the most comprehensive free oil and gas stock lists in the investment industry: http://www.naturalgasstocks.com/Companies/NaturalGas/Stock_List.asp

Featured Oil and Gas Portal Sponsors: (OGSN and NGS are compensated by EDNE and POIG as indicated in disclaimer below)

Petrol Oil and Gas, Inc. (OTCBB: POIG) For more info click here: http://www.NaturalGasStocks.com/Petrol_Oil_and_Gas/Default.asp

Eden Energy Corp. (OTCBB: EDNE) For more info click here: http://www.oilandgasstocknews.com/CO/EDNE/Default.asp

Investorideas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. These sites are currently compensated by its "featured companies" -- Eden Energy Corp. (OTCBB: EDNE) Three thousand five hundred dollars per month. Petrol Oil and Gas, Inc. (OTCBB: POIG) Four thousand dollars per month, plus six thousand dollars per month in one forty-four shares.

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