Replies to post #946 on Delta Oil and Gas (DLTA)

[TechKim]

Was not a significant volume. Even though it was 3 times above the average. What lacked today was the bid wacker activity. So a gain was noticed. The bid wacker just suddenly stopped after the news? I simply cannot believe the bid wacker simply could not handle the low buy in volume. It is possible, but not likely (my opinion).

So now with the red hot alert flag showing. 50% gain! You can bet that any and all who have stayed even distally tuned in. Have their radars set in anticipation of developments. Could not ask for better pr.

Do you know what this small market cap stock will do if it is even hinted that 10,000 acres are likely commercial pay zone(s)?

Actually, I really do not uncover the bid wacking activity, as well since 01/10. Do you?

I am betting on ten new wells, upon the completion announcement.


All my opinion, based on hunches.

[TechKim]

KING CITY note: "We commenced a gravity survey and 2D seismic program in August 2009" " We are very encouraged by the results which appear to be indicating the potential for significant hydrocarbon targets"

The second step was overcoming the extensive permits and other agreements to finally get a chance to drill the first well.

No one would spend $600,000 (my estimate), for a well unless there was some real indications of hydrocarbons in my opinion.



note: Besides the quotes from the SEC filing documents, all is my opinion and estimates.