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

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From: Brinks11/28/2006 6:17:20 PM
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Pescod Today---DPTR spudded two CRB wells !!! This is great news because these will be first 100% owned. IMHO more confirmation of Columbia River Basin. Read last sentence.

DELTA PETROLEUM (US:DPTR) $29.14 +0.25

It’s taken almost two years and we still don’t know what they’ve got and what some people have high hopes for in the Columbia River Basin. For those who read our interview with Eric Sprott, you know that he told us if he could only buy one stock, this would be it. After two years, we still don’t know what they have, but results are expected by Christmas and in the meantime, Delta has spudded an additional two wells in the area. If this is a basin-centered gas play, the numbers being used are simply out of this world.

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