The Oil & Gas Elephant Hunt Message Board

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Gold/Mining/Energy : The Oil & Gas Elephant Hunt

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To: Brinks who wrote (33)	10/21/2006 12:48:02 PM
From: Brinks	Read Replies (1) of 310

www1.investorvillage.com Do you know when this was posted. Seems a little outdated. I have been a long time holder of Delta (in at $4) and the management team is committed to making Delta a big player in this industry. I don't know when this was written but the opportunity is very simple and becoming more known every day. It's unbelievable that the analysts don't really get it. But I suppose until the gas and oil are being pumped into the market it won't be fully valued by Wall Street . But I don't think you will never see this stock below $20 again absent a huge drop in oil and natural gas prices, which appears unliley. But here it is: 1. CRB. CEO said first well confirmed what they thought was there and they believe they have encountered what they were looking for in CRB. Unfortunately log book results and other info can't be released because Encana is operator. Delta is not happy they can't let the world know and Ecana being conservative Canadian or trying to buy other property is holding out. But Delta will drill 2 of their own wells in 07 and won't need to worry about Encan. When asked at Aug 17th conference call by a clueless analyst what they would do if first well came up empty, CEO said matter of factly, "we wouldn't drill first well if the gas wasn't there." Put him in his place, but also big signal to investors. Bottom line CRB is highely likely to be the play we have been hoping for as investors. If you wait to buy more later it will be too late. Of course due your own DD and investment is still risk but listen to the signals coming from CEO. 2. Paradox Basisn. Who knows how much gas is there but we know it was no dry hole. So second of their plays appears to have borne fruit. We will probably learn more on Nov. quarterly report call (8th or 9th, hopefuly we don't get drowned out by elections so I hope it's the 9th). PR contact said they may update in advance but that is only a few weeks away so the world will know a lot more in a few weeks. But we know CEO said "we had a very good week." Listen to the words. 3. Utha oil play (Hingeline/Overthrust whatever you want to cal it). This play could be billions of barrels of oil. They have either started to dril or will do so shortly. Will find out in a few weeks what the true status is, but results will be in before year end. If they hit CRB alone Eric Sprott claimed NAV of $800 a share based on for every trillion cubic foot of gas adds $1-2 billion to market cap. And they own more land today then they did when he made that statement. Also, that was before the triple play of Paradox and Overthrust. If they hit all 3 skies the limit. And we basically know 1 and 2 have high probabliity and will know on 3 by year end. That is the DPTR opportunity in a nutshell. And it is huge if it all comes together, which they are working hard to do and have done great job of getting there. To all of those who are in stock I wish you best of luck that the triple play comes through. All of this information has been stated in other posts, why analysts can't do it is beyond. But I guess better for us who may wan to buy more. And look forward to 3d quarter report and any updates by Oilfinder on completion of Encana rig. Will be very interesting 4t quarter for company and as CEO probably most exciting in history of company.

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