Manas Petroleum (OTCBB:MNAP) $0.55

Manas Petroleum is an international oil and gas company with primary focus on exploration and development in south-eastern Europe, Central Asia and South America. Since inception, Manas has acquired a spectacular portfolio of high impact exploration properties. In keeping with their philosophy of building a strong and enduring resource base, earlier in 2009 Manas added blocks 2 and 3 in Albania, blocks 13 and 14 in Mongolia and the Western blocks in Tajikistan, expanding their portfolio from 11 to 16 blocks in 5 countries; we now believe that Manas controls in excess of 4 Billion Barrels of Recoverable Oil. Every one of the Company’s giant projects are moving forward and maturing toward production. In Albania, Manas now controls six giant exploration blocks near Europe's largest onshore production. Independent reports from Gustavson (2008) assign (P50) of 3 billion barrels in block A, B, D and E (12.3 billion barrels of oil in place). Two of Manas' original four blocks are now drill-ready. In 2009 the council of ministers ratified the production-sharing contract on the two former Oxy blocks to DWM Petroleum, a subsidiary of Manas. These blocks are within the area where most of Bankers Petroleum's current shallow oil production derives from. Manas has the rights to explore the deeper targets in block two where Bankers is producing oil, and where in 2001 Occidental made a light oil discovery. In November Manas entered into a letter of intent to spin off a portion of its interest in its Albanian project to a TSX-V listed company WWI Resources ("WWI") which is controlled by one of the largest and most successful North American resource investors, Frank Giustra. We believe this is an excellent transaction for Manas as it will create significant shareholder value moving forward. The closing is expected to be completed during the first several weeks of the New Year. In Kyrgyzstan, Manas has signed a $54 million USD farm-out agreement with Santos LTD ADR, covering 1.2 billion barrels in place (Scott Pickford, 2005). Santos will continue to drill with Manas on their 6 shallow and deep well program in 2010. Manas' Development of its license in Tajikistan is now covered by an option farm-in agreement with Santos, where a seismic program is moving forward. In Mongolia Manas will expand their exploration with a seismic campaign to encompass approximately 20, 000 square kilometers. Additionally, to expose Manas to a much larger and more sophisticated audience, the Company is continuing to take the necessary steps to become listed on the TSX Venture stock exchange. Importantly, next year looks set to see a very significant acceleration of Manas Petroleum’s activities and surely this company has the greatest upside potential on our list.

Houston American Energy Corp. (Nasdaq:HUSA) $6.13

Houston American Energy Corp. is an oil and gas exploration and production company whose activities are focused on several concessions in the South American country of Colombia. Houston American continues to generate strong operating cash flow from their production base in Colombia with their interest in the Hupecol project which is currently producing over 850 net barrels of oil per day and growing. In 2009, Houston American recently added 2 extremely valuable assets to their portfolio of properties. The Company partnered up with SK Energy Co. LTD to develop the highly prolific CPO 4 Block covering 345,452 acres which is situated along the productive western margin of the Llanos Basin in Colombia. Houston American now controls 25% of the CPO 4 Block which encompasses the same structure as the Corcel block where well rates of between 2,000 and 10,000 barrels of oil per day have recently been announced. SK Energy believes the CPO 4 Block has over 100 viable drilling locations with estimated recoverable reserves of 1-4 billion barrels. A 3-D seismic program is ongoing. In 2009 Houston American also inked a substantial farmout agreement with Shona Energy (Colombia) LTD. to earn a 12.5% interest in the Serrania Block, which is adjacent to the recent Ombu discovery which contains an estimated 1 billion barrels of oil in place. With the largest exploration budget in its history approved and funded Houston American enters 2010 with considerable momentum and we feel the stock will break out to new levels

InterOil (Nasdaq:IOC) $77.07

InterOil Corporation is developing a vertically integrated energy business whose primary focus is Papua New Guinea and the surrounding region. InterOil's assets consist of petroleum licenses covering about 4 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. In addition, InterOil is a shareholder in a joint venture established to construct an LNG plant on a site adjacent to InterOil's refinery in Port Moresby. Congratulations to all longs as 2009 has been a truly spectacular year for the company. With 2 world record breaking wells in Antelope we wonder what Phil will do for an encore in 2010. Although the stock price has moved significantly higher we still feel there are many short and long term catalysts that will propel InterOil to new levels. Some near term examples of the upside here are possible deals announced per China, India, Japan, etc., a possible oil find announcement, further news on the proposed condensate plant, and additional analyst coverage.

Nutra Pharma Corporation (OTCBB:NPHC) $0.35

Nutra Pharma Corporation was founded in 2000 and is based in Plantation, Florida. The company, through its subsidiaries, operates as a biotechnology company specializing in the acquisition, licensing, and commercialization of pharmaceutical products and technologies for the management of neurological disorders, cancer, pain, autoimmune, and infectious diseases. Nutra Pharma's wholly-owned drug discovery subsidiary, ReceptoPharm, is developing proprietary therapeutic protein products primarily for the prevention and treatment of viral and neurological diseases, including Multiple Sclerosis (MS), Adrenomyeloneuropathy (AMN), and Human Immunodeficiency Virus (HIV), and pain in humans. Additionally, ReceptoPharm provides contract research services through its ISO class 5 and GMP certified facilities. The Company recently launched an Over-The-Counter (OTC) Treatment for Stage 2 (Moderate to Severe) Chronic Pain called Cobroxin. Cobroxin is the first OTC pain reliever clinically proven to treat Stage 2 (moderate to severe) chronic pain and is available as an oral spray for treating lower back pain, migraines, neck aches, shoulder pain, cramps and neuralgia and as a topical gel for treating repetitive stress, arthritis, and joint pain. Nutra Pharma also has formulated a higher dose pharmaceutical grade treatment for stage 3 (severe) pain called Nyloxin. Nyloxin Oral Spray is an oral formulation of diluted cobra venom prepared according to the requirements of the Homeopathic Pharmacopoeia of the United States (HPUS) and its supporting texts. What really drew me to this company is the exceptional management team lead by CEO Rik J Deitsch. With sales of Cobroxin ramping up, Nutra Pharma appears to be well on the way to becoming a major success.

Environmental Infrastructure Holdings (OTCBB:EIHC) $0.26

Environmental Infrastructure Holdings (EIHC) is the parent company of various environmental manufacturing, engineering, and services companies. Currently, EIHC has two subsidiaries Equisol, LLC and Xiom Corp. as well as investments into various joint ventures and partnerships. Recognized in 2008 by INC Magazine as the 7th fastest growing private Environmental Services Company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Their team of top rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important. From consulting and design of equipment systems, to sales, installation and maintenance services, Equisol can address their customer's needs in many diverse applications. Equisol provides cost effective equipment strategies to allow users of water and producers of wastewater to achieve profitability while focusing on their core business activities. Through Equisol's association with world technology leaders, they are able to supply a broad spectrum of high quality products. Their staff, with over 300 years of engineering experience in equipment automation, uses these technologies to select the most effective solution for their customer's applications. Other recognition that Equisol has achieved include the Entrepreneur Hot 100 Fastest New Companies in 2004, INC5000 ranking of #621 for 2007, and 2009 Philadelphia 100 recognizing the fastest growing private companies in the region. Xiom Corp. is a technology business offering delivery of plastic powder coatings at on-site locations utilizing the XIOM 1000 System. Powder coating currently is a process in which metal parts are brought into a factory environment where they are cleaned and prepared to receive a powder coating. Plastic in powder form is then applied to the various metal parts by means of an electrostatic charge that causes the powder to adhere to the surface. The coated part is then heated in an oven for a period of time to cause the plastic to melt and adhere to the substrate. Although they use plastic powder, they do not electro-statically charge that powder in order for it to adhere to a substrate. Xiom uses a different mechanism which simultaneously applies and fuses the powder to a substrate. The advantage of this process is that the coating process is totally portable and can be applied anywhere, not necessarily in a factory setting, and can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory, using an oven. The CEO of the combined entities, Mr. Michael Parrish has extensive operational and general management experience; his focus is on financial performance and strategic alliances. Prior to running Equisol, Mr. Parrish held various executive positions in several General Electric Companies where he served in positions such as General Manager for global logistics and services for GE’s Water business, and, earlier, as Managing Director for GE Capital specializing in ecommerce, six sigma, and productivity of several of GE’s equipment management groups. Prior to GE, Mr. Parrish served for 14 years active duty in the U.S. Army where he held various leadership positions of increasing responsibility as an Army Aviator culminating as a member of the Army Acquisition Corps. Mr. Parrish has a Bachelor’s degree in Engineering from the U.S. Military Academy at West Point as well as a Masters degree in Astronautically Engineering from Stanford University and an MBA with honors from the Wharton School at the University of Pennsylvania. He is the current President of the West Point Society of Philadelphia and serves on the boards of the USO of SE PA/NJ and the Delaware Valley Industrial Resources Council. We think this company is extremely undervalued given the fact that the applications for Xiom's products are virtually endless. With the addition of Mike Parish and the Equisol team we believe revenues will grow dramatically in 2010.