Post by
profittaker1 on Apr 11, 2017 8:01pm
Thought You Guys Would Be Interested...
In Delphi Energy's Most Recent Wells. Well 14-21 IP30: 1606 boepd, 737 bbls/day condensate, 226 bbls/d LNGs. Well 16-21 IP30: 1968 boepd, 763 bbls/day condensate, 180 bbls/d LNGs. Well 15-8 IP20: 1326 boepd, 695 bbls/day condensate, 140 bbls/d LNGs. The warrants are trading at $0.74, exercise price $1.40 until July 14, 2021. If Dee hits the recent price target upgrade $2.75, the warrants would be worth $2.75-$1.40=$1.35 + time value. Likely at least a double over the next year with 10 more wells coming on in 2017 alone. I think the prospects of RMP doubling were diminished by the recent wells at Gold Creek but there are other ways to get a double. I sold my RMP position recently full disclosure. Best of luck.
Comment by
auburn2 on Apr 11, 2017 11:58pm
I noticed DEE early on because it was drilling some of the best wells. At that time the guys on IV weren't interested in it because the stock price was low and neglected. That's human nature. Now DEE is all the rage.