Todays OPON deal was hinted during last weeks qtr rpt that said to develop VEGA. Now under a JV with fresh investment to continue works in VEGA. Vega is only a 22K acres play, 3/8 of that is 8.25K acres, now valued at $400M. That is $48K/acre, Wow!!
We shall remember DPTR has many other prospects and plays which are either 1P (CA & Texas) 98K acres; 2P (Utah, Wyoming & Colo) 349K acres; or 3P (CRB) 420K acres.
Among those, the Eagle Ford shale play in east/south Texas (DPTR has 62K proven acres)is the hotest and richest NG play on land, all the major NG companies want to be in on it. During last weeks CC, the CEO mentioned abvout great interests of that from others. I guess this crown jewel may be the next JV/invest target when the 2nd part of the plan is revealed soon. The industry estimateof the leases in Eagle Ford shale is $40k/proven acre.
Then it comes the Wind River basin in Wyoming, where great amount of oil/NG are being poroduced by nearby companies. DPTR has 47K of 2P acres.
The Calif offshore lease #452 is another 1P proven field, the neighbur lease #451 producing great quantity. DPTR won the law suit (got a total of $97M Fed money) and still has the lease, make it another valuable assets of 20K 1P acres.
The Paradox bain 54K of 2P acres can be upgraded to 1P once the drilled wells start to produce, after the salt layers problem is resolved. It has higher potential than Vega by BLM assesment.
Then the great promises of CRB (Washington state) and Hingeline (Utah) explorations, with a total of 420K of 3P acres and 200K of 2P acres.
WE HAVE ONLY SEEN THE TIP OF THE GREAT ICEBURG.
What do you say to the beating we took today? I'm long but what an a.s whipping we took.
Do you think we just filling the gap before a going back up again? This has been a terrible day though still ahead by .03 from Wednesdays close.
Simple calculation of the current value of DPTR.
Vegas + other assets - debt = 1 billion + 1 billion - 600 million = 1.4 billion. Each DPTR share has a value of 4.5 dollars with very depressed natural gas price.
Future value of DPTR will signicantly increase when NG price recovers to a higher a level. With good management, DPTR can turn to be 2-3 billion company in 1-2 years. Each DPTR share will have a value of $6-10, which will allow KK to break even.
There will be multiple new release after this one. Each new release will send DPTR to higher level. I am pretty sure it will hit 4 dollars in April. Undervalued assets, improved liquidity, new management team, and excellent brokers will push the PPS higher and higher in the next few months.
What happened to KK's Ford and MGM is also happening on DPTR.
A lot of shorts are trying to bash the price. But, most likely, shorts will be smashed.