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

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To: Bread Upon The Water who wrote (72)	11/9/2006 12:00:57 PM
From: Brinks	Read Replies (1) of 310

Delta Pete comments conference -- Some interesting posts and comments regarding yesterday's Delta conference on IV. deltapetro.com Note Page 10 New Ventures (Multi-Tcf and Multi-Billion Barrel Reserve Potential) NOTE: Multi-Tcf and Multi-Billion Barrel Reserve Potential in a Company presentation ! deltapetro.com November 8, 2006 Delta Petroleum Schedules Third Quarter Earnings Release and Conference Call Denver, Colorado Roger Parker, Chairman and CEO The conference call will begin at 12:00 noon EST. To hear the LIVE Broadcast CLICK HERE IV comments: www1.investorvillage.com The person who made the comment is John Wallace. He is a good and compeetent man. His father is James Wallace who is Chairman and used to be on Tom Brown Board. I did not find the comment demeaning or wrong in any way. The question was are they trying to acquire additional acreage in Paradox. The question thus fored them to say yes which indicates what they think of the potential. But by asking the question you are signaling to other in the marekt to get into competition over land to let them do it. I found the question moronic. Of course they are looking for additional land. Mr. Wallace said several time and in strong language the were "very encouraged" by the results. The smart investors know not to ask the question. The quesioner was a Larry somebody asking an essentiallly rhetorical question. And Wallace said if you didn't ask those kinds of question we might be able to get more land. Why is ECA keeping such a lid on this. John Wallace will never be fired and is huge part of why they have these 3 big opportunties in play. For those on this Board who don't like managment then just get out because it's not changing. And for anyone who listened to conference call and didn't get message that the potential is huge and is more probable than speculative know nothing about what is being said on these calls. They could be as clear as they could "they were very encouraged" by all results, the are coming to agreement with ECA on release (do you think they'd be fighting over that if there was nothing there), and on Joseph Prospect Mr. Wallace more or less said we know exactly where we are drilling and are very confident we are in right spots. For those who want to stay in this is a stock of a lifetime as somoen else just posted. And by end of the year the news will all be out and it will be too late too get in at these prices. The short term miss on guidance was meaningless. Think about this. On the call the acknowledged they are packaging to sell 55bcf or 20% of their reserves. Would you do that unless you knew what was down the road. No! And one of the analysts asked if their bankers were aware of this. Parker dismissed him and said yes of course. Implying they aren't worried a bit which means they disclosed some confidential information. I agree they are a bit cocky on the calls but they I think they feel they have a right to be and also people aren't hearing what they are saying. I'd rather have a cocky CEO and COO than two wimps. These guys want to go big and they are going for. Either you are on for the ride or not. Listen to the call and make your own judgments but it's all there in black and white if you listen to the words they are allowed to say right now. When real words and results are released it will be too late. And the Goldmans, Morgan, Hedge Funds, won't give a damn about any perceived snide remark. All they care about are the results. And thes are good decent people. I think they are just exuberant, bursting at the seam and in many ways frusturated because of ECA handcuffs. And that may come out. Second comment: www1.investorvillage.com As an investor...you only get a very few chances to make a killing...a 10+ bagger...where the risk/reward is such...you can take a chance and invest enough to make a different in your life/retirement...imo, dptr is one of these investments...assuming no world wide economic collaspe/depression...and the world as we know it cotinues...worst case...50% down...50% lost...with a 10+ upside over the next several years...the math is pretty simple...put in $100k...maybe lose $50k...with a million + on the upside...it's not for everyone...but the odds are compelling... I'm a long term investor...I invest on FUNDAMENTALS...I came to dptr via ECA...eca is the largest ng producer in North America...they have a history of finding and developing 'not the obvious' energy...they developed Jonah...drilling and completion practices...UPL and others copied at Pinedale...eca has invested $10's of millions in the CRB...accumulated large leases...I'm invested in dptr's because of their crb acreage...I believe that eca knows what they are doing at crb...the potential for multi-tcf's for dptr is there...Utah oil...Paradox is all gravy...that' why I'm invested in dptr... good luck all... 29 days until TD on Joseph prospect. 20 more like prospects.

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