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DAL:ASE SHARE CAPITAL: Issued & Outstanding: 16,868,110 Escrowed: 2,750,000 Insiders Control 19% Dalton's current financial position is zero debt and 3.5MM in tangible oil and gas properties which have a net cash flow of approximately 470,000 dollars annually. Dalton is currently involved in the STRACHAN GAS PLAY, located in West central Alberta. Last I heard was that DAL is drilling towards January. Using a 2.0 TCF reserve estimate for the new pool, Dalton's 7.5% would net 150 BCF. Conservatively valued at $0.50/MCF, Dalton's net reserves would be worth $75,000,000 and would equate to $3.75/share of asset value. (DAL last trade at .27) Some big names are involved in this play: Apache Canada Ltd., Tusk Resources Inc. and First Star Energy Ltd. DAL home page: daltonr.com and more info on globalminerals.com in the portfolio section. | ||||||||||||||
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