Basic Earth Science Systems, Inc. today reported its operating results for the 2nd Quarter ending September 30, 2008. Basic Earth is an independent oil and gas exploration company. Benefitting from higher oil and gasoline prices earlier in 2008, net income rose to $946,000. Oil and gas revenue was $2,697,000.

There is quite a bit to be said for planning and execution. Laying ground work for a program to succeed, with each piece of the puzzle being placed for later exploitation, is one of the better ways to profit when the time is right. Not only does planning allow for maximum opportunity for profit, but for timely execution as well.

Chesapeake Energy's (CHK) stock price has been hammered over the past few months due to the bursting of the energy and commodities bubble. Also, some investors have voiced concern over CHK's high debt level. However, we see this sell-off as a great buying opportunity for patient investors.

Once was the time when companies were molded to do one thing and do it good. Distractions were to be avoided for fear of losing focus and a steady revenue stream. In today’s marketplace the same is true in a general sense, but the idea is quietly losing some of its imperativeness as allied markets show opportunity and the possibility for diversification.

Most natural gas and oil companies would be happy with a few producing wells pumping out a respectable amount of oil and gas. Some, however, do their homework to find a location where many wells pump many barrels or cubic feet.

China Natural Gas Inc., a natural gas retailer operating in Central China, offers retail compressed natural gas (CNG) and piped natural gas to consumers and businesses located in and around central Guangzhou Province. The company is considered the “tip of the sword” in China’s plan to address environmental concerns with CNG and piped natural gas in the region.

Energy investing opportunities open up from investors in the Caspian Sea.

Southern Star Energy specializes in the acquisition and drilling of under-drilled oil and natural gas properties. So far this tactic has minimized the risk to the company and new technologies have made drilling processes more efficient.

The Dow Jones Industrial Average closed below 10,000 today for the first time in four years. The sell-off has been particularly brutal among stocks leveraged to commodities and the global growth story, with most names down over 60% since oil peaked in July, and many hitting multi-year lows.

Westport Innovations engages in the research, development, and marketing of high-performance engines and fuel systems. Headquartered in Vancouver, British Columbia, their engines use gaseous fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and hydrogen-enriched compressed natural gas (HCNG).

Nicor, Inc. (GAS) shares are a bit extended after a strong run-up over the past six months. As such, Ockham recommends selling these shares to look for more out of favor alternatives.

China Natural Gas (CHNG.OB), one of central China’s leading providers of compressed natural gas (CNG), effectively doubled its natural gas processing capacity through the acquisition of the largest-capacity compressor station in the city of Xi’an in central China.

Western Standard Energy (WSEG) is an exploration-stage oil firm focused on extracting crude oil and natural gas from the Bakken Formation that runs through Montana, North Dakota and Canada. The area is believed to hold some of the largest reserves of crude oil in the North America, after Alaska’s Prudhoe Bay and the oilfields of West Texas.

Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW) operates as a fully integrated alternative energy company engaged in the development and production of advanced propulsion systems, energy storage technologies and alternative fuel vehicles.

California-based company Quantum Fuel Systems Worldwide, Inc. released their numbers on September 10th and showed that the company is making strides in the business world. The revenue for the first quarter of fiscal 2009 was $3.7 million compared to $3.5 million in the first quarter of 2008, an increase of 6%.