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TechKim

03/21/12 12:47 AM

#970 RE: triadtreats #969

You get no arguement from me. I like many of you was told there be a release of information so many days gone by. DLTA is the primary, so it is not likely a partner news blackout to shareholders

Usually DLTA and or one of their partners inform the public shareholders.
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SOUTHPEN

03/22/12 1:57 PM

#973 RE: triadtreats #969

I did have a conversation with CFO about the amounts we could expect from the new heavy oil well. he couldn't respond ,all I got out of the call was that we will be getting revenue from it.Horizontal wells are a consideration.I think this would be a good idea.DLTA needs a big revenue producer and the only way to achieve that in California with heavy oil is several more expensive horizontal wells rather than many more cheaper vertical only ,wells. If 10 horizontal wells were producing 1000 bod and DLTA has 40% ,it would likely be a company maker. The question is ,What's 40% of developing 10 H wells going to cost? and where does the cash come from? Dilution at a dime ,selling all other or some properties ,or both or something else???? At least this company has that choice. I would admit ,I'm not thrilled with what's been happening lately ,which is nothing ,I think.