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
InterOil Corp. (AMEX:IOC) 
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

Current Capital
John Robinson
416-860-0211 or 1-877-859-5200

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