$DEJ JV news is really big on several fronts: 1) retires debt, 2) gives them cash for operations, 3) funds $20MM drilling using a joint venture which avoids dilution, 4) uses a partner with cash to get things done fast and create producing wells this year while natural gas prices are high, 5) solves the SEC problem with concerns over financial viability going forward, and 6) They did not sell the farm and got good terms for 25% working interest in Kokopelli and meanwhile retain ownership of other Colorado properties with great potential including Roan Creek and Niobrara, plus their Canadian property now has 99% ownership. Price will now rise to reflect full potential.
