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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: siempre33 who wrote (23589)9/2/2006 7:15:39 PM
From: siempre33  Read Replies (2) of 37387
 
[I found much more dd on Delta Petroleum....siempre..]

I have been so focused on the Columbia River Basin that I have not had the time to focus on Central Utah.

I am very happy to have the following poster join in as he claims to have some expertise on Central Utah. I talked with analysts that attended the Friday Analysts meeting and they were just blown away by the Central Utah presentation. I am now trying to get up to speed there. I purchased some stock and some leaps this morning. It's still early days. Wednesday we will hear what Eric Sprott says about Delta.

I would encourage everyone to come out to investor village to ask the geologist questions on Central Utah and the CRB. This is a rare opportunity for due diligence by everyone. Do your due diligence and stay diversified !!!!! This is high risk-high reward situation.

Having two world class projects is a big positive:

www1.investorvillage.com 844

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 arch=%22Covenant%20F...

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.
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