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Revision History For: DALTON RESOURCES DAL:ASE

No earlier versions found for this Subject.

Return to DALTON RESOURCES DAL:ASE

DAL:ASE
SHARE CAPITAL:
Issued & Outstanding: 16,868,110
Escrowed: 2,750,000
Insiders Control 19%

Dalton's current financial position is zero debt and 3.5MM in tangible oil and gas properties which have a net cash flow of approximately 470,000 dollars annually.

Dalton is currently involved in the STRACHAN GAS PLAY, located in West central Alberta. Last I heard was that DAL is drilling towards January. Using a 2.0 TCF reserve estimate for the new pool, Dalton's
7.5% would net 150 BCF. Conservatively valued at $0.50/MCF, Dalton's net reserves would be worth $75,000,000 and would equate to $3.75/share of asset value. (DAL last trade at .27)

Some big names are involved in this play: Apache Canada Ltd., Tusk Resources Inc. and First Star Energy Ltd.

DAL home page: daltonr.com
and more info on globalminerals.com in the portfolio section.