At least the bids are moving up (albeit ever so slightly, and on very small volumes). Fortunately the sellers are holding tight and not going down to meet the bids.
Since I hadn't heard a peep from the company for a while, I contacted Mr. Bateman at the Fastway office this afternoon, and he reaffirmed my personal belief that this should be a very good season for DYX.
I encourage thread lurkers to see the current quotes/charts for natural gas (refer to #reply-10873946, or message #543 of this thread). At the $3.00-3.20 level, we're about double from about a half year ago. Bateman suggests that the operators that Dynamix is working with are forecasting a US$4.00/mcf winter. Already, I think we're seeing highs that haven't existed for months, if not years.
At this time, he's trying to put together another quarterly report, but is awaiting formal results from the operators of the Kentucky project. Says it looks very positive, though. Also, I asked about the summer drilling project that had been mentioned in the past, and he informed me that it hasn't started, but that he is looking forward to it since the Greasy Creek area has shown itself to be a rich source of gas. Also he would like to increase DYX's working interest in Kentucky by another 25% (to 50%).
DYX is looking at some other ventures (Canadian petroleum), which Mr. Bateman couldn't elaborate further on at this time, but offered to provide more information if I called in about two weeks.
The seismic division (Fastway Exploration) is doing well; did some work this month, and more work lined up for the following month. The industry is growing again.
I personally feel that DYX has the potential to see former levels if not more, by Christmas. Many other oil & gas juniors have climbed recently... no reason why DYX shouldn't as well!
Just my opinion...
Ben
PS. Seems www.dynamix-corp.com is no longer functional. The server is still there and the domain exists, but there's no web server on the other end. |
