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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (59717)	8/24/2006 1:09:32 AM
From: Taikun	Read Replies (2) \| Respond to of 312409

Yes. Eric Sprott said 40 bagger when the firm was smaller and I believe thats based on $6.50 NG They own 20% of 200TCF (independent consultant's resource numbers, of course still needs to be drilled and developed, ECA has 800k acres and is doing drilling DPTR has 400k acres) where the technology has only recently become available to exploit this - the gas deposit was found in the early 1900s. Current DPTR mkt cap of $1bn based on existing energy prodn. 20%x200TCF or 40TCF is upside Usually $2bn/TCF, so $80bn, or an 80-bagger, but I suppose we have to share with partners and allow for dilution (Listen at 11 minutes 6 seconds ERIC Sprott mentions could be 40 bagger (this is early 2005-Delta has expanded play since then to own 20% of the CRB play up from 12%): events.streamlogics.com