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International Sovereign Energy Corp. (ISR:TSX) is active in the exploration and development of hydrocarbon reserves in Western Canada and internationally. Since their June 2008 election, the new management team has strategically moved the company away from international ventures that require a high risk profile and are instead focusing on domestic growth through the drill bit where high success rates have been achieved.
Int'l Sovereign has a stable balance sheet, growing production with additional production behind pipe, an $8.5 million credit facility, and significant growth opportunities. The company appears to be well positioned to weather the current economic turmoil while preparing for future growth.
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