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Current Capital Spotlight Stocks to Watch for Friday, December 1



       Current Capital Spotlight Stocks to Watch for Friday,
                December 17, 2004: BNTNF, UPL, IOC

TORONTO, Dec. 17, 2004 (PRIMEZONE) -- Current Capital introduces our spotlight stock, Bontan Corporation (OTCBB:BNTNF), to the investment community! Bontan Corp. has acquired an Indirect Participation Interest ("IPI") of 0.75% in the world's largest onshore oil exploration program. Location: Papua New Guinea. The oil exploration program is undertaken by InterOil Corporation (AMEX:IOC), which is an international integrated energy company. Bontan Corp. also recently announced that its wholly-owned subsidiary, Bontan Oil & Gas Corporation (BOG), has entered into an agreement with a private investor group in the United States to acquire a working interest in a gas exploration project. The project is located in the prolific natural gas producing state of Louisiana. Further details on this play are sure to be imminent! There are approximately 12 million shares outstanding. The stock closed yesterday at $1.62. InterOil was featured in Business Week Today see link below. Other notable stocks that look great lately include:

InterOil Corp. (AMEX:IOC)

http://www.businessweek.com/magazine/content/04_52/b3914080_mz027.htm

InterOil Corp. (TSE:IOL)

Ultra Petroleum (AMEX:UPL)

Conlog Corp. (Nasdaq:CNLG)

Valero Energy (NYSE:VLO)

First Calgary Petroleum (TSE:FCP) (LSE:FPL)

Adulis Resources (TSX Venture Exchange:ADE) (LSE:ADEq)

Current Capital is a financial portal focusing on undervalued and undiscovered micro-, mid- and small-cap companies. We gather timely information through quotes, research, financial analysis, articles and news.


CONTACT:
Current Capital
John Robinson
416-860-0211 or 1-877-859-5200
www.currentcapital.com

Provider ID: 00069751 -0- Dec/17/2004 14:11 GMT

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