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

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To: Brinks who wrote (56)	11/1/2006 9:13:25 PM
From: Brinks	Read Replies (1) of 310

Delta Pete Read the key paragraph. www1.investorvillage.com Key paragraph: To be in 3 great plays in the way this company now is, is spectacular! I was invested in UPL before Michael Watford took over and so I know how it grew and I am nearly convinced now that the Paradox Basin will be for DPTR what the Pinedale Anticline was for UPL. Back in 2002 (7/1/02 UPL PR) the Riverside 8-4 Pinedale well was the UPL record-to-date. This 13-stage 12490 ft TD well produced at an initial rate of 17.8 mmcfe/d. DPTR's Greentown State 36-11 will very possibly be a bigger producer than that (I assume it's not damaged) and it's much more economic at 8000+ feet. DPTR has at least 70% of 75,000 Paradox acres (Brinks msg 736) and 3 wells that we already know are commercial wells. With 8 more wells planned soon, we can reasonably conclude that these wells are all exceeding expectations (as was stated of the Salt Valley 25-12 well by mngt.). These wells are important for two reasons. One, complete ten or so of them (at an average initial flow of even 6 or 7 mmcfe/d) and DPTR's production will more than DOUBLE in a quarter! Entire post Major League and Paradox Basin If you've been an oil and gas investor for many years as I have, you can see at a glance that this company has a great management. They are getting away from the less economic plays and into plays with excellent economics. To be in 3 great plays in the way this company now is, is spectacular! I was invested in UPL before Michael Watford took over and so I know how it grew and I am nearly convinced now that the Paradox Basin will be for DPTR what the Pinedale Anticline was for UPL. Back in 2002 (7/1/02 UPL PR) the Riverside 8-4 Pinedale well was the UPL record-to-date. This 13-stage 12490 ft TD well produced at an initial rate of 17.8 mmcfe/d. DPTR's Greentown State 36-11 will very possibly be a bigger producer than that (I assume it's not damaged) and it's much more economic at 8000+ feet. DPTR has at least 70% of 75,000 Paradox acres (Brinks msg 736) and 3 wells that we already know are commercial wells. With 8 more wells planned soon, we can reasonably conclude that these wells are all exceeding expectations (as was stated of the Salt Valley 25-12 well by mngt.). These wells are important for two reasons. One, complete ten or so of them (at an average initial flow of even 6 or 7 mmcfe/d) and DPTR's production will more than DOUBLE in a quarter! And since GS 32-42 is 7 miles from GS 36-11 it is very likely that this doubling can continue over a good period of time. The second reason is that we are not in the first up phase of natural gas prices now and these kind of wells can be very profitable at lower gas prices. The other thing that I wonder about now is the pipeline capacity nearby. The Northwest Pipeline to Washington/Oregon (3.5 bcf/d capacity per Williams Companies website) seems on a map to go through the Paradox Basin and the much smaller Questar Southern Trails Pipeline (87 mcf/d per Questar website) is just south of the Utah border in Arizona. From what I can make out on the Southern Trails website, that pipe seems to have restricted capacity now. I wonder if Oilfinder might know more about the pipelines and their unused capacity? I would also like to thank Oilfinder for his great posts on this stock; a stock with great potential and a resident geologist to boot! What more might any oil and gas E&P investor wish for?

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