DVPC Best penny gas stock $2 target: With its portfolio of U.S. natural gas production, international reserves, and small float, DVPC.PK ($.13) has the potential to rise to the $2 range very quickly as it did in 2002. There is no other natural gas producer below $1 that can match DVPC's fundamentals:
-36 Million float.
-360,000 acres of U.S. federal leases.
-Rapidly Growing coalbed methane production from 11 wells in Wyoming and Colorado.
-50% interest in Egypt concessions surrounded by prolific oil wells. Seismic data generated by British Gas identifies 12 more targets, with each target having the potential to hold 50-100 million barrels of recoverable oil.
-In 2002 when oil prices were much lower, DVPC rose from pennies to over $2.
From DVPC website: Properties in Gulf of Suez, Egypt:
DVPC is the operator with a 50% joint-venture interest in the 100,000-acre East Wadi Araba oil concession.
The property was relinquished by British Gas in 1998, when oil prices were in the $10 per barrel range. In 1991, British Gas drilled 1 target that produced 20,000 barrels per day of production and recovered 50 million barrels of oil from the field. It is still in production with 52 million barrels of recoverable reserves, adjacent to DP`s project to the northeast.
The Seismic data generated by British Gas identifies 12 more targets, with each target having the potential to hold 50-100 million barrels of recoverable oil.
