WPX Energy (NYSE:WPX) announced today that its Niobrara Shale discovery well in the Piceance Basin exceeded 1 billion cubic feet of natural gas production in just over 100 days of operation.
This would be sales of 4.25 billion dollars in just 100 days at current ng prices. 15% of that is over 600 million!!!! Dej market cap is currently 18.61 Million.
Look out because they maybe drilling some beast wells also soon.
This could be the next KOG. 10,000% return in the next 5 years
That is the way to make the real money. Dejour Energy just got funding to drill NG property in NW colorado for the next two years.
Thanks. Currently I own 100k shares now. I plan on buying another 100K if it goes down lower.
My biggest fear was bk or delisting. I think with this merger both have been resolved for at least 2 years.
Yeah I saw that. But the price target still stands at .08 cheaper. Once a big bid shows up I will believe this story.
Actually dillution would be a great move now. That way they could increase their stake of koko with the money raised.