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Key Strategies    
                                August 21, 2001    
                                Issue 816 

Oil & Gas Play! 
Pangea Petroleum Corporation (OTCBB: PAPO) 

RATING:    STRONG BUY 
SYMBOL:    OTCBB: PAPO 
Shares Outstanding   51,674,900 
Float (estimated)     5,000,000   
3 - 6 month Target    0.625 
12 -18 month Target    1.50 

Many large oil and gas producers are discontinuing moderate operations in searc
h of larger reserves due to high energy prices and selling to smaller entities.
 Increased capital and technology are almost always required as reserves are pr
oduced in order to maintain an economic level of production. Older fields are a
bandoned when owners did not have access to capital and technology. Opportunity
 exists to capitalize on this niche. 

Investment Opportunity Our research staff has been busy scouring the investment
s landscape and we have uncovered a gem of an energy company: Pangea Petroleum 
Corporation (OTC BB: PAPO), a Houston, Texas-based energy company with strategi
cally minded leaders who have enormous experience in the industry.   This stock
 is currently extremely undervalued in relation to other companies in this sect
or. 

Pangea Petroleum Corporation is an independent energy company engaged in an act
ive 
exploration and drilling program through our wholly owned subsidiary, Mass Ener
gy, Inc.   

Their core business activity is the purchase, re-engineering, exploitation and 
development of proven oil and gas properties. 

Recent Developments Pangea's Jackson County Well Recently Re-Classified to Oil 
Production. Charles B. Pollock, PhD., Pangea Petroleum's Chairman and CEO, rece
ntly announced that the Vincik no. 3 Well in Jackson County, Texas, is now prod
ucing quantities of oil in addition to natural gas. "We initially tested the Vi
ncik no. 3 as a gas well," stated Pollock. "After blowing down the gas cap, we 
are now producing an average of 107 barrels of oil per day (bopd) and 136 thous
and cubic feet of gas per day (mcfpd). This well will be re-classified as an oi
l well. Obviously, we are pleased that this well has turned out to be more prof
itable than originally anticipated." 

Duval County - Pangea Petroleum recently announced the completion of the 4-Poin
t Production Test required by the Texas Railroad Commission on its Wilcox well,
 located in Duval County, Texas. This 4-Point test is required before the compa
ny enters commercial production. The well was production tested at 3.1 mmcf/d o
f gas per day (million cubic feet per day) on a 12/64th inch choke with a flowi
ng tubing pressure of 5,000 psia (5,000 pounds per square inch). These results,
 according to Pollock, are five times higher than the 4-point test performed pr
ior to the Jackson County well's production.  He anticipates production from th
e Duval County site very shortly. 

Starr County - Pangea Petroleum Corporation recently announced an exploration p
artnership with Tucker Operating Company to explore a prospect in Starr County,
 Texas.  ''This is an opportunity for the two companies to work together in an 
area that we feel has great potential,'' said Charles B. Pollock, chief executi
ve officer of Pangea. ``This area was ranked as one of Texas' top 10 natural ga
s producing counties based upon preliminary production and we feel that it has 
the potential to be a very productive area.'' The agreement between Pangea's wh
olly owned subsidiary, Mass Energy, and Tucker Operating includes 1,858 acres o
f land in the La Brisa Ranch Prospect in Starr County. 

Reasons to Own Stock Combining these factors with solid, experienced management
 allows us to optimize the development potential of energy prospects.  Pangea a
lso invests in non-operated projects at a level that will allow control so that
 all prospects or even existing programs are developed in an optimum manner. 

For Removal, Email:  
For Subscriptions, Email:  

Key Strategies is an independent research firm with paid subscribers. 
Subscriptions are $89/year for Key Strategies newsletter service. This report i
s based on Key Strategies' independent analysis but also relies on information 
supplied by sources believed to be reliable. This report may or may not be the 
opinion of PAPO management. Key Strategies has been retained to reprint and dis
tribute this report on PAPO and has been paid 10,000 shares by a third party in
vestor of PAPO. Key Strategies and its officers and directors may from time to 
time buy or sell PAPO common shares in the open market without notice.  Ongoing
 technical analysis may from time to time cause the target price to fluctuate w
ithout notice. The information contained in this report is not intended to be, 
and shall not constitute, an offer to sell or solicitation of any offer to buy 
any security. It is intended for information only. Consult with your financial 
advisor about PAPO. 

The mailer of this information has not been compensated any stock or interest i
n the company and mails as information only.

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