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Gold/Mining/Energy
DEREK RESOURCES (DRS,V) - HUGE PROVEN OIL RESOURCE
An SI Board Since July 1998
Posts SubjectMarks Bans Symbol
114 6 0 DRS
Emcee:  Davey Stuart Type:  Unmoderated
Introduction Market Data Compact
I just got a fax from Derek Resources stating:

- they have up to 150 million barrels of oil
- they can get it out of the ground for approx. $6.00 US per barrel
- 66% recovery rate
- sell the oil for WTI less $0.48 (a profit of $6 or $7 per barrel)

I went to the VSE web-site and found:

- less than 5 million shares outstanding
- trading a less than $.60 per share

When I do the math, this sounds too good to be true. Does anybody else follow this company? Am I missing something here?
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ReplyMessage PreviewFromRecsPosted
114Oilexco web page & chat sites. Subject 22056 stockhouse.ca oilexco.combcjt-10/21/2002
113Oilexco North Sea reserves& UN/IRAQ lifting contracts info! stockhouse.ca Sbcjt-10/19/2002
112Comments on Derek's Chart Let me summarize Derek's Daily chart by sayingCharles Kalb-11/15/2000
111There seems to be somebody trying to unload a large amount of shares. Anybody caDavid Alon-9/8/2000
110There is a new report out on Derek. It's authored by The Resource Stock Watcjohn-duncan-9/4/2000
109The time is now folks. I just finished extensive due diligence on this company. john-duncan-9/1/2000
108 DRILLING! June 16, 2000 SYMBOL: CDNX-DRS (Vancouver, B.C., June 16Charles Kalb-6/16/2000
107 Derek reaches agreement on restructured financing Derek Resources CorporationCharles Kalb-5/27/2000
106 Derek Resources, recent summary from STOCKHOUSE: Derek Resources Corporation Charles Kalb-4/10/2000
105 I said something yesterday that implied that the LAK Ranch reservoir is a heavyCharles Kalb-3/22/2000
104 Hi Davey............You beat me to posting the news release. This is great newsCharles Kalb-3/21/2000
103 Maybe this time?? _____________________ Derek Resources Corporation Davey Stuart-3/21/2000
102 Headline: DEREK RESOURCES CORP - Acquires Additional Ground, LAK Development PCharles Kalb-12/9/1999
101 I heard that Derek had a full page ad in the National Post this weekend. Did anDavey Stuart-11/15/1999
100 Here's some more info on the DEREK TV spot: News Alert from Canadian MarkeCharles Kalb-11/5/1999
99 Just talked to IR at DEREK and was told that they were being highlighted by Davey Stuart-11/4/1999
98 I sent an email to Derek IR following up on the questions raised in len's pCharles Kalb-10/14/1999
97 DRS has an option on 75% of LAK RANCH from Rising Phoenix. Todate DRS has fulfDavey Stuart-10/14/1999
96 I came across this company today and their LAK RANCH PROJECT. I'm confused len seabrook-10/13/1999
95 Davey..........Ooops! I didn't realize the wording of my comment could be Charles Kalb-9/24/1999
94 No that wasn't me the other day; I wouldn't be selling at this level. Davey Stuart-9/24/1999
93 Only a few trades today but one was a block trade of 50,000 shares at 0.88 highCharles Kalb-9/22/1999
92 Batemans definitely brings credibility to DRS and the LAK project. It will jusDavey Stuart-9/21/1999
91 Hi Davey and rdww.........well, at least there are three of us posting in the mCharles Kalb-9/20/1999
90 looks like we may have a new trading levelDavey Stuart-9/20/1999
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