DEJ at 0.268 is far too cheap!
After reading the Q3 corporate presentation I am going to hold DEJ for much much longer. 546 BOE production right now plus 300 BOE to add this year from wooddrush plus 500 BOE from koko = 1,346 BOE production before year end.
KoKopelli current:
4 Wells in Production since Q3 2013
2014: 8-12 new WF wells in 2014 Production by December 2014
2015: 8-16 WF/ Mancos wells
Woodrush:
3 Oil wells and 8 Natural Gas wells
2014: 2 new wells to be drilled in H2 2014 Production by November 2014
- $20MM Joint Venture at Kokopelli closed on June 30, 2014
- US debt eliminated, balance sheet much improved
SeeThruEquity- Initial Target: US $0.66
Zacks- Current Target: US $0.51
Casimir Capital- Initial Target: US $0.50
These targets are very conservative imo.