$0.28 to $0.30 - where we left off after 10k showed woodrush expansion
$0.28 to $0.30 is where DEJ paused after the release of the 10k which showed Woodrush well reopening increased boepd. The 10k predicted 1000 boepd would be reached this year and a JV deal would be consummated in the second quarter.
Share price should shortly reflect the REALITY of this JV deal as well as expectations that the 1000 boepd target is closing fast. Drill bits hit the ground in August folks.
I trade off 6-9 mo. out future earnings and proof of implementation of strategy to achieve. DEJ should be in the $0.40s by now were it not for a slow summer market and reticent/reluctant attitudes from traders who were in DEJ last year before Nat gas prices spurred a series of decisions which brought about the turnaround. The execution of drilling in Kokopelli will change those attitudes fast, although we will probably get to the $0.40s in small steps since warrants exist and the mindset of that group tends to sell a bit early.