Chugging alongOne maybe two new Montney plays will be drilled this year also.
Suspect they are in negotiations to dispose of 123 sections of Duvernay lands
which should fetch a fair chunk of change to drive Montney exploration in the
second half of this year.
There is a lot of value locked up in Delphi waiting to be released.
The mix of oil to natural gas is picking up nicely and if/when natural gas rebounds
there is a lot of upside to Delphi stock.
Short interest is not all that high at just over 300k shares.
Up .10 for the week with volume picking up nicely. Friday was
a day of no buying since the debt ceiling issue hadn't been
resolved on Friday. That should be taken care of this week
so I'm expecting the upward climb to continue along from here
into the fall. Their large land base in the deep basin is sure
to attract attention if stock price doesn't begin to rise soon.
If they sell the Duvernay it will reduce bank debt to a very low
level and provide a lot of upside without reducing the $145m
bank line. The Q2 report stated they are looking at disposing
of some assets and negotiations are taking place. Expecting
some new on this front in August.
| Jul | 07/18/11 | 1.30 | 304,630.00 |
| Jul | 07/04/11 | 0.80 | 238,118.00 |
| Jun | 06/16/11 | 0.60 | 256,699.00 |
| Jun | 06/01/11 | 1.00 | 376,724.00 |
| May | 05/16/11 | 0.30 | 99,306.00 |
New spud for liquids rich natural gas well
DELPHI BILBO 9-15-66-6
PRODUCTION - DEV (NC)
Well ID: 00/09-15-066-06W6/0
Fluid: GAS
Licensee: DELPHI ENERGY CORP.
License Date: 02-Jun-2011
Spud Date: 28-Jul-2011
Projected Depth: 0.0 m
Field: BILBO
Terminating Zone: FERNIE GRP
New license for Sinclair oil well
DELPHI HZ 102 SINCLAIR 7-10-73-12
PRODUCTION - DEV (NC)
Well ID: 02/07-10-073-12W6/0
Fluid: CRUDE OIL
Licensee: DELPHI ENERGY CORP.
License Date: 26-Jul-2011
Projected Depth: 2,200.0 m
Field: SINCLAIR
Terminating Zone: DOE CREEK MBR
GLA...