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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (11994)	8/22/2006 9:26:39 PM
From: was Michelangelo7	Read Replies (1) \| Respond to of 25575

I don't see how my post could be seen as a negative for DPTR, but rather as a positive for FO. I know nothing about DPTR apart from your post, and following the link. It sounds like a fine company with lots of potential. I may invest in it myself. Anyway my post was after market close. I stand by my post on FO as far as the resource being of similar size, but I won't belabour the point since it is off the topic of this forum. If anyone is interested, there is a stockhouse board $FOG with lots of info and discussion on the merits of the company and the resource play.

To: Taikun who wrote (11994)	8/22/2006 10:25:08 PM
From: Bearcatbob	Respond to of 25575

The whole issue of valuation is fascinating. While I love my oil sands - my brain tells me that if oil and gas prices will support oil sands - then traditional E&Ps with good finds are even better. DPTR and FO are examples. If they find the goods they will beat the pants off the sands. FO is particularly mind boggling in that the market cap is astounding for a company with essentially zero production - at least I do not know of any. After several years of a bull market - current energy prices still provide some huge opportunities. Bob

To: Taikun who wrote (11994)	8/23/2006 1:02:14 AM
From: captaintime	Respond to of 25575

Taikun, The most recent best guess updated evaluation on probable and recoverable reserves for FO.V was 18.4 TCF; the low estimate was in the 4 TCF range; plenty of pockets behind the play too. As the infrastructure already exists in Hungary to tie gas into the Euro market I'd say Falcon has some natural advantages! I am playing both; would love to see them hit it big in the CRB basin as I have been based in Oregon for many years.

To: Taikun who wrote (11994)	8/23/2006 8:17:51 PM
From: Brinks	Read Replies (4) \| Respond to of 25575

Taikun The people that I talk to that attended the Friday Delta Analyst meeting they were just blown away by the Utah Overthrust Play presentation with Bill Armstrong of Armstrong Oil & Gas. The numbers you are throwing around relate only to the Columbia River Basin. I know First Albany stated: “We consider this play to be the highest potential natural gas resource play being evaluated in North America.” First Albany August 22, 2006 However, Delta has two world class plays going on the same time. In fact, First Albany did their $ 175 potential as follows: Assigning a value of $0.50/Mcf to net unrisked reserve potential of Columbia River Basin (we estimate 4.5 Tcf) and $5.00/Bbl to the net unrisked reserve potential of the Utah Hingeline project (we estimate 1.4 Billion Bbls), we calculate a per share potential asset value of $175. It is just mind boggling. If anyone desires to see the First Albany report inbox me.