DELTA PETROLEUM DPTR 9/19/06
TWO WORLD CLASS PROJECTS:
1) Columbia River Basin Multiple TCF's Natural Gas Potential
“We consider this play to be the highest potential natural gas resource play being evaluated in North America.” First Albany August 22, 2006
2) Central Utah near prolific Covenant Field (75-100 MMBbls) that was discovered in 2004 by Wolverine Oil & Gas (private) has Multi-Billion-Bbl Potential
“As if one world-class play weren't enough, Delta has partnered with one of the best Overthrust play generators in the world, Armstrong Oil & Gas Inc. (private), in its Utah Overthrust play.” First Albany August 22, 2006
Delta Petroleum is getting ready to spud their initial test well in the Central Utah thrust belt, located in the SWSE, Section 24, Township 25 South, Range 4 West, SLM, Sevier County, Utah. This structure closure is reported by Delta Petroleum to be five times larger than the Covenant Field.
“The Covenant Field is the tip of the iceberg in a thrust province twice as large as the Utah/Wyoming thrust belt. The four major thrust trends in central Utah, from east to west, is the Wasatch Thrust System, Gunnison Thrust System, Paxton Thrust System, and Pavant Thrust System (all within central Utah). The Utah/Wyoming thrust belt has two productive thrust systems, with the Jurassic Navajo/Nugget Sandstone (world class reservoir) productive in only one of the thrust systems (Absaroka Thrust System).” Oilfnder 9/05/06
“In relation to high profile (risk/reward) prospects currently being generated in the United States, the Central Utah Sevier fold and thrust belt is head and shoulders above any onshore prospects generated to date within the 48 states” Oilfnder
Executive Summary
Target: Columbia River Basin ("CRB") Washington State - The largest unexplored onshore basin in the United States !!
Second Separate Target: Central Utah near the Covenant Field
Industry wisdom: Says the U.S. Pacific Northwest holds trillions of cubic feet of natural gas, waiting to be discovered and produced.
More: Experts have long believed a 125-mile-long and 60-mile-wide patch of land between the Columbia River and Wenatchee -- shaped like a massive footprint -- is rich in natural gas. So rich, in fact, its potential may be similar to the vast supplies of the Western Canadian Sedimentary Basin in Alberta and British Columbia.
Potential: 200 to 300 Trillion Cubic Feet or TCF of natural gas. Each TCF proved is worth approximately $ 1 to $2 Billion in market cap. The potential is substantial !! (since Delta Petroleum owns approximately 20% of the CRB area play and has a market cap of only $ 1 billion this play is significant to them) The ANNUAL United States usage of natural gas is about 23 Trillion Cubic Feet. You would think there would be more news.
Research report: Ross Smith (highly rated independent Canadian Research firm) on September 11, 2005 released a key report on the CRB that estimated 228 TRILLLION cubic feet of natural gas potential in the CRB. Delta has over 20% of the total CRB land acreage tied up. Eric Sprott has said each TCF is worth $ 2 billion of market cap..... ROSS SMITH ENERGY GROUP rseg.com
Players: Shell (been interested in area for 25 years—only recently has technology allowed feasible exploration), Encana and Delta Petroleum (DPTR—owns 20% of acreage in CRB). Another player is Essex EXX.v.
The key speech happened Thursday August 17, 2006 by Delta Petroleum (DPTR) CEO Roger Parker at the Enercom Gas & Oil Conference in Denver. On Friday, August 18, 2006 Mr. Parker hosted a analyst conference in Denver. Few are paying attention.
Comments from Various Sources:
Delta CEO Roger Parker said Wednesday at an annual oil and gas industry conference in Denver August 17, 2006
See If you want to understand the potential listen here to Columbia River Basin and Central Utah:
deltapetro.com
“The main thing to say about the Columbia River Basin at this point in time, the geologic theory that we've all kind of operated under here for the last couple of years, and really was identified by Shell 25 years ago, has been confirmed, if you will, with another well," Parker said.
"We believe we have encountered what we had hoped to encounter prior to drilling the well and we will be very interested to see what actual completion results are as we go into the remaining part of this year."
"There are many different estimates out there, but the reality of the situation is this basin, in all likelihood, represents the possibility of being able to prove up in the tens of Tcfs (trillion cubic feet) reserves if not possibly in the hundreds of Tcfs reserves,"
August 22, 2006 First Albany Capital Research Report Excerpts
“We consider this play to be the highest potential natural gas resource play being evaluated in North America.”
“Two World-Class Prospects Expose Investors to $175 per share in Potential Asset Value; Initial Results Anticipated in Next 3-6 Months”
“In the CRB, the Anderville Farms 1-6 (7.5% WI) has been drilled and logged. At its analyst meeting, management described the log results as "better in some ways than anticipated." Completion is anticipated in the next 30-60 days. The second well in the basin, the Anderson 11-5 (7.5% WI) has spud, and Delta recently announced it has begun permitting two Delta-operated locations (100% WI). Delta's partners in the first phase of the play are EnCana and Shell (RDS-$72.03-Not Rated ).”
“The CRB boasts the potential for a thicker pay section (1,000' versus 600' ) and better permeability (3 millidarcies versus 0.1) than the Pinedale and has similar pressures (0.8 psi). One of the original wells drilled in the basin in the early 1980s, the Shell BN 1-9, was completed in two sands that IP'd at 17 MMcfe/d and settled in at 5 MMcfe/d over an extended (62 days) production test. Other wells in the basin had mixed results, but the primary challenge was completing in multiple sands to increase production rates and unlock the economic potential of the rock. Delta and its partners believe the multi-stage completion technology that transformed the Pinedale into a world-class play could have similar effect in the CRB.”
“A thick layer of basalt overlays the play from 8000-11,000'. The underlying sedimentary layers total 3000-9000'. Delta and its partner have been using a closed system "mining" rig to penetrate the basalt, which allows them to avoid circulation issues and mud flow into fresh water aquifers. Drilling on the first modern well in the basin, the EnCana-operated Anderville Farms 1-6 was challenging, but the second well has drilled twice as fast to date. Delta projects it should be able to drill at a rate of 200' a day through the basalt and 400' a day through the sediment for a total drilling time of 105 days on average (60 days through basalt and 45 days through sediment).”
“Central Utah Overthrust Play has Multi-Billion-Bbl Potential; Delta and Partner Control Preferred Acreage Offsetting Covenant Field”
“As if one world-class play weren't enough, Delta has partnered with one of the best Overthrust play generators in the world, Armstrong Oil & Gas Inc. (private), in its Utah Overthrust play.”
“It has identified a total of 21 different features over 170,000 net acres that we estimate exposes Delta to 1.4 billion Bbls in net unrisked reserve potential.”
August 21, 2006 Petrie Parkman Analyst Report Excerpts ( Note: Thomas Petrie is rumored to have purchased 2% of Wolverine for $ 20 million in September, 2006 the same month his firm, Petrie Parkman, filed IPO prospectus. Petrie Parkman did an analyst report on Delta in August, 2006 financial.seekingalpha.com )
“With news on several key exploration projects likely in the next several months and a significant (13%) short position built, we believe DPTR shares have little downside risk and encourage investors to be in front of these potential catalysts.”
"In our view, Delta holds the greatest leverage for investors wanting exposure to the Columbia River Basin play."
“In our view, Delta holds the greatest leverage for investors wanting exposure to the Columbia River Basin play. The company currently holds interest in six prospects with a 100% WI and five prospects with a 15% WI, with each prospect looking to test a separate geologic feature.”
“The long-awaited Anderville Farms 1-6 (EnCana-operated) well is currently at total depth and is waiting on a completion rig to be moved on location so that the well can be tested. The completion rig is expected to be on location in the next several weeks with test results anticipated sometime in October. It is worth noting that Delta’s geologic assumptions that defined the prospect prior to drilling, which included the expectation of numerous stacked, over-pressured sands in a basin-centered setting, appear to have been encountered in the drilling of the well. Importantly, management believes that the prospect has the potential to hold a separate shallower conventional play that was not seen in any of the earlier wells. It was noted at the meeting that this conventional formation could be similar to a typical south Louisiana gas play that is characterized by high porosity and produce at very high flow rates.”
Eric Sprott
Eric Sprott founder of Sprott Asset Management has one of the best investment records around (http://tinyurl.com/q9a4b)
Sprott Asset Management's largest investment is Delta Petroleum—owning over $ 120 million worth.
Eric Sprott on two separate occasions said that Delta Petroleum has the potential of a 40 bagger and on another occasion stated DPTR has the potential of $800 NAV per share.
Eric Sprott Background
blumontcapital.com
Eric Sprott is CEO and Chief Investment Officer of Sprott Asset Management Inc.
Eric Sprott has established himself as a clear leader in Canada's investment community.
More Sprott: tinyurl.com and tinyurl.com
(Listen at 11 minutes 6 seconds Eric Sprott mentions could be 40 bagger (this is early 2005-Delta has expanded play since then to own 20% of the CRB play up from 12%:
events.streamlogics.com
05/auditorium/index.asp )
tinyurl.com $ 800 NAV
Friday August 25, 2006 David Pescod Canaccord
”While we hope to run the interview next Wednesday, if all editing gets completed and everyone is happy, we suspect that there is one stock that you are going to have to start paying attention to and that is Delta Petroleum. It is one of the biggest holdings of Sprott's Mutual Funds and for those who are intrigued by the potential size of Basin Centered Gas plays, this is one story that you are going to have to start paying attention to if Eric is even close to being right.”
Interview with Eric Sprott by David Pescod:
www1.investorvillage.com
Eric: Eric: Well I think potentially it is way bigger than that! …….In fact there was a recent report out of a U.S. Broker suggesting that the unrisked potential for Delta Petroleum is $190.00, with a downside of possibly $12.00.
Eric: Well, Delta certainly is our largest holding, so yes it would be in our top three.
Delta’s Central Utah ---Per First Albany Analyst Report
Utah Overthrust Play has Multi-Billion-Bbl Potential; Delta and Partner Control Preferred Acreage Offsetting Covenant Field
Discovery
As if one world-class play weren't enough, Delta has partnered with one of the best Overthrust play generators in the world, Armstrong Oil & Gas Inc. (private), in its Utah Overthrust play. Bill Armstrong, President of Armstrong, put together this play, which lies on trend with the prolific Covenant Field (75-100 MMBbls) that was discovered in 2004 by Wolverine Oil & Gas (private). Prior to Wolverine's wildcat well, only two other wells had been drilled in the trend and neither were on structure. The discovery well encountered 450' of net pay (with an additional 650' of wet pay in deeper sands). It was completed in 10' of pay at an initial rate of 800 Bbl/d (of light, sweet crude) and inclined to a current rate of approximately 1000 Bbls/d. Armstrong determined that the oil was Mississippian age in origin, which indicates it emanates from a prolific phosphitic source rock (the same source rock that charged the Athabasca tar sands and Prudhoe Bay Field).
It established a geological model in which 1-3 trillion barrels were generated and migrated westward, with the potential for multi-billion-barrel fields along the fault-bounded trend on which Covenant lies (in the northeast corner).
Some oil "leaked" across the fault westward to establish the 20-billion-Bbls Rangely Field in Colorado. Armstrong proceeded to lease the most prospective structures along the trend to the southwest. It took on Delta as a partner (Armstrong retained an average 35% working interest) because management had longstanding relations with Delta management and it did not want to farm out the prospect to a large independent or major oil company that could drill it out of the play (i.e., outspend its financial capacity).
The Covenant Field holds estimated recoverable reserves of 75-100 MMBbls from 10 wells. Delta's first prospect (Joseph prospect, 32.5%WI), in which Wolverine has a 50% WI, is seven times larger than the Covenant Field structure. Based on a 1,000' oil column of which ¾ is net pay, a recovery factor of 25%, and 650-acre spacing, the structure could hold 250 Bbls per acre foot, or 600+ MMBbls. This is the first of three mega-trends in which Delta holds a 32.5% to 65% WI. It has identified a total of 21 different features over 170,000 net acres that we estimate exposes Delta to 1.4 billion Bbls in net unrisked reserve potential. Delta anticipates it will receive a permit to drill the first well on its Joseph prospect by mid-Sept and reach total depth (8,000') by the end of October.
Assigning a value of $0.50/Mcf to net unrisked reserve potential of Columbia River Basin (we estimate 4.5 Tcf) and $5.00/Bbl to the net unrisked reserve potential of the Utah Hingeline project (we estimate 1.4 Billion Bbls), we calculate a per share potential asset value of $175.
Internet Postings by geologist involved in Central Utah.
OILFNDR PROFILE
www1.investorvillage.com
Background
www1.investorvillage.com
My partners currently have over 90,000 gross acres under oil & gas leases in Central Utah.
geologist DPTR, FDG, SJT, CWEI
First post covering Central Utah:
www1.investorvillage.com
As an introduction, I have been working as a geologist on various prospects in Central Utah for the past 10 years.
Although the Columbia River Basin is a huge home run, my primary interest in buying a large position in DPTR was their large working interest position in 21 prospects within the Central Utah Sevier Fold & Thrust Belt of Central Utah.
Delta Petroleum is currently building a road and location for the it’s first prospect, recently permitted as the Joseph Federal 1, located in Section 24, T25S, R4E, SLM, Sevier County, Utah.
This location is directly southwest of the giant Covenant Field discovery completed in 2004. The Covenant Field is a major oil discovery with 96 million barrels of oil (proven reserves) covering an area slightly more than 800 acres.
The Covenant Field discovery well had 487 feet of gross pay and 424 feet of net pay (in porous sandstones) that average 12% porosity and 100 mD permeability. The Jurassic Navajo Sandstone (approximately 1200 feet thick) is the same reservoir (world class reservoir) that produces within the prolific Utah/Wyoming thrust belt.
searchanddiscovery.net
The Joseph Prospect covers a giant structure closure approximately 2.5 times larger than the Covenant Field with up to 250 million barrels of potential oil reserves.
I see nothing but significant upside potential for Delta Petroleum as the stock will soon prove to be significantly undervalued.
My greatest concern is a takeover prior to Delta proving oil and/or gas reserves in Central Utah and the Columbia River Basin. Don’t be surprised if Delta sells all of its assets to focus on these two world class frontier areas.
Comments on First Albany Analyst Report:
www1.investorvillage.com
Good Report, however, there are some updates and/or corrections that should be included with this report.
Wolverine drilled the Salina Twist Canyon prospect located northeast of the Covenant Field (Gunnison Thrust System), and has also drilled the Gunnison Cedar Ridge Prospect located on the Aurora trend (Paxton Thrust System). Both wells were drilled off structure because of velocity problems and/or structure complexities. Ansbro Petroleum has also drilled one exploration well on the Gunnison thrust trend and Cleary Petroleum has drilled one exploration well on the Paxton trend. Again, both exploration test wells were drilled off structure because of velocity problems and/or structure complexities.
Delta, Wolverine, and Armstrong have recently formed a new partnership for Central Utah referenced as DWA. Armstrong's geophysical expertise is second to none within the thrust belt, and they believe they have corrected the previous Wolverine seismic velocity problems and interpretation problems (personal communication).
The source of the oil produced from the Covenant Field is the Mississippian Delle Shale Member of the Deseret Limestone. Although Mississippian age source rocks are responsible for approximately 18 billion barrels of tar sand deposits in Southeastern Utah and/or Eastern Utah, the Rangeley Field in Colorado is sourced from Permian age source rocks and not Mississippian source rocks (recent UGA study). There is no source rock relationships with the Athabasca tar sands or the Prudhoe Bay Field, other than the source rocks are phosphatic in nature.
From comparing structure maps of the Joseph Prospect and the Covenant Field, the Joseph Prospect is approximately 2 to 3 times larger in size. Assuming the entire 1200 foot gross (900 feet net) sandstone interval (Jurassic Navajo Sandstone) is filled to the spill point with oil, is possible the Joseph Prospect could contain ~250 million barrels of recoverable oil.
www1.investorvillage.com
I have worked in the Central Utah Sevier Fold and Thrust Belt during the past ten years, beginning prior to Wolverine's recent Covenant Field discovery. I have personally reviewed over 1000 line miles of seismic data in Central Utah and have generated some half dozen prospects. Approximately 400 line miles of seismic data is licensed by my partners and/or associates. I have participated in working interest or ORR interest in four exploration wells to date in Central Utah, but none of these wells have drilled deep enough to test the Jurassic Navajo Sandstone (approximaely 1,200 feet thick).
I posted a few days back regarding two recent exploration test well failures on the Gunnison thrust trend and two recent exploration failures on the Paxton thrust trend in Central Utah. To date the Covenant Field is a “one trick pony” and a second discovery will obviously validate a producing trend. One prominent geologist (strucuture geology professor) has recently published a “glass is half empty” article, and he has given a talk in Denver sighting the recent exploration test well failures as evidence of the geological complexities in Central Utah.
Without exception, all four exploration test wells, including all previous test wells drilled within Central Utah prior to the Covenant Field discovery, have been drilled off structure because of significant velocity problems and/or structure complexities. Delta Petroleum and Armstrong Oil & Gas are aware of these problems and have developed solutions (personal communication).
Unlike unconventional tight gas sand plays, stratigraphic reservoir plays, fractured reservoirs plays, or overpressured basin plays, Central Utah is a conventional sandstone reservoir play, and exploration test wells must be located on structure closures (anticlines). Structure closures within the foreland (eastern margin) of the Sevier thrust belt are from one-half mile wide to two mile wide and are approximately three times longer in length. Structure closures within the hinterland (western margin) of the Sevier thrust belt are often larger in size.
Four major thrust and fold trends in Central Utah are virtually untested (Wasatch Thrust, Gunnison Thrust, Paxton Thrust, Pavant Thrust). Although 120 wells have been drilled in Central Utah to date, only a dozen exploration wells have tested the primary reservoir objective (Jurassic Navajo Sandstone). Again, without exception, none of the prior test wells that have penetrated the Jurassic Navajo Sandstone were drilled on the culmination of structural closures.
Wolverine, Armstrong, and Delta Petroleum, who I have never worked for, have most of the best prospects (21 prospects) under lease in Central Utah, with the exception of prospects I have generated, or areas currently tied up by lease brokers or other oil companies. Delta, Wolverine, and Armstrong have most of the best prospects under lease in Central Utah, but not all of the best prospects. ;-)
It is only a matter of time that the puzzle is unraveled with additional large oil discovers that will validate the play. I personally have spoken with both major companies and large independent companies that are ready to “buy-in” with wheel barrels full of cash once a second discovery is made. There is no doubt in my mind that Delta Petroleum is a major takeover candidate once a second major discovery validates the Central Utah play. END
www1.investorvillage.com
Delta Petroleum (DPTR) is also getting ready to spud their initial test well in the Central Utah thrust belt, located in the SWSE, Section 24, Township 25 South, Range 4 West, SLM, Sevier County, Utah. This structure closure is also reported by Delta Petroleum to be five times larger than the Covenant Field. It was my initial impression that the Joseph Prospect was approximately 2.5 times larger prior to being corrected recently.
I have been very impressed to date with Armstrong's technical team that has confirmed the structure closure (fault bend fold) on the Joseph Prospect. Wolverine, PetroHunt, Armstrong, and Delta have by far the best technical teams within thrust belt experience (IMHO). Delta, Armstrong, and Wolverine have formed a partnership and a brain trust reference as "DAW" to drill 21 prospects located on trend to the Covenant Field, and/or located on parallel trends to the Covenant Field.
After the initial discovery was made by American Quasar on the Utah/Wyoming thrust belt, some geologist began to speculate the Pineview Field was a “one trick pony”, however, after the Rickman Creek discovery, all hell broke loose and acreage sold as high as 1 million dollars per acre in the Anschutz Ranch East Field (a giant duplex approximately 6 miles long and two miles wide). Over 24 fields were discovered in a period of five years; and all of the smaller companies acreage positions were bought out by major oil companies after the second discovery. Both Armstrong and Delta’s have common roots in BWAB, one of the smaller companies that sold out to a Major oil company.
More Oilfnder:
Message 22777055
Delta Petroleum
Here is the Delta investor PDF file:
deltapetro.com
Delta Gross Revenues 1999 $ 1.7 million
Delta Gross Revenues 2005 $ 96 million
Compounded Growth Rate 124.06%
Delta Stock Price September 2003 $ 5.73
Delta Stock Price September 5, 2006 $ 22.50
Compounded Growth Rate 57.76%
Shares outstanding 53 million
Short Interest 7,255,395 August 15, 2006 13.10 days to cover
DPTR: finance.yahoo.com
finance.yahoo.com
First Newsletter Recommendation of Delta Ron Struthers
playstocks.net
Ross Smith Report that Ron Struthers mentions 208.101.19.14
World Oil article on Central Utah 208.101.19.14
5) Ross Smith Report that Ron Struthers mentions
Website: deltapetro.com
Look at the tight ownership position in Delta Pete:
finance.yahoo.com
TOURADJI CAPITAL MANAGEMENT LP 9.87%
CAPITAL RESEARCH AND MANAGEMENT COMPANY 9.83%
STEINBERG ASSET MANAGEMENT, LLC 8.59%
CAPITAL GUARDIAN TRUST COMPANY 11.8%
Sprott Asset Management Inc 11.70%
Five institutions control 51.8 %
SMALLCAP WORLD FUND 4.66%
VAN ECK ASSOCIATES CORPORATION 6.61% (3 funds)
Seven institutions control 63.07%
Eleven institutions 74.9%
% of Shares Held by Institutional & Mutual Fund Owners: 93%
Negatives and Open Issues
SEC Stock Option Inquiry (listen to latest conference call for update)
deltapetro.com
Columbia River Basin Background
Background: There is no natural gas wells in the state of Washington. Zero.
Geologists have long suspected that the Columbia Basin harbors hydrocarbons. The trick has always been a matter of getting past thick layers of basalt to the sedimentary rock below and then finding a large reservoir. Basalt is not only hard but porous, and tends to absorb energy from seismic waves sent underground to detect gas-holding formations.
In 1913, the Conservative Land Investment Co. of Spokane was drilling for water in the Rattlesnake Hills and found gas instead.
The field didn't go into commercial production until 1929. By the time the operation shut down in 1941, the field produced only 1.3 billion cubic feet of gas, paltry by today's standards. Seattle consumes more than that in one day.
But back then it was enough gas to warrant construction of a wooden pipeline to serve Yakima homeowners.
The region's production potential beckoned again in the late 1950s when what was then Standard Oil of California began a test well. But the company soon abandoned the effort and found no oil or gas.
Fast forward to 1984 when a partnership of Shell and Arco hit a reservoir that displayed impressive initial pressure. But the companies quickly encountered obstacles that made it too expensive to continue drilling.
The Shell/Arco well was not enough to extract commercially. Since then the technology has advanced to make it easier, and cheaper, to recover gas from the tight sandstone beds beneath much of southeastern Washington.
In late 2005 Encana as operator joint ventured with Shell and Delta Petroleum began drilling the first 14,000-foot test well, the Anderville Farms 1-6. (note Shell still involved !!)
EnCana's well is only six miles from the Shell/Arco site, which is now capped.
Encana has gone out of its way to keep everything secret and very quiet. They just finished a second well. Encana may be quiet but Delta CEO Parker spilled the beans at the 11th annual Enercom Gas & Oil Conference. Listen to the results disclosed yesterday by Delta CEO Roger Parker at the Enercom Gas & Oil Conference below.
*****News Story:
yakima-herald.com
wenatcheeworld.com
Headline in the Yakima Herald Republic Friday August 18, 2006
Sitting On a Gold Mine?
Columbia Basin could hold huge natural gas reserves
by Leah Beth Ward
A Denver-based petroleum company with significant mineral rights in the Columbia Basin says drilling results so far at an exploratory well near Mattawa indicate the region could hold significant reserves of natural gas.
*********Delta CEO Roger Parker speech*********************
investorcalendar.com
Enercom 11th Annual Oil & Gas Confernce
August 16, 2006 1:15pm 15 minutes into presentation DPTR CEO Roger Parker discusses Columbia River Basin
Speech Enercom 11th Annual Oil & Gas Conference Denver August 16, 2006 1:15 pm
Background on recent CRB government lease bids:
dnr.wa.gov
auctionfiles2005/backgrd_
;wa_st_peto.pdf
The geography of the Columbia River Basin:
dnr.wa.gov
Article and background Mattawa Washington:
tri-cityherald.com
aapg.org
Other: Message 22744807
Message 22745013
Central Utah references
searchanddiscovery.net
searchanddiscovery.com
searchanddiscovery.com
geology.utah.gov
searchanddiscovery.net
aapg.org
aapg.org
pttc.org
gasandoil.com
worldoil.com
ut.blm.gov
petroleumsystems.com
pttc.org;
worldoil.com
newsnet.byu.edu
washingtontimes.com
Other References
deltapetro.com;
searchanddiscovery.net
searchanddiscovery.com
searchanddiscovery.com
geology.utah.gov
geology.utah.gov
aapg.org
aapg.org
netl.doe.gov
mines.edu
Discussion Board where discussed
www1.investorvillage.com
Do your own due diligence ! |
