Replies to post #2680 on DXI Capital Corp. (DXIEF)

[maxxm]

I thought the news was good today and the stock was moving up(7.8%), but now at end day trading suggests that no matter what the news the stock does not move much. I dont get it. no pulse or excitment with this stock at all. I wouldnt be surprised if they announce they have a gusher with koko and this will not even go up. Maybe there is a lot of diluting going on by co

[hillzman]

There was a lot left unsaid for sure! But, this part of the update may take awhile to sink in.
"The encouraging production results of these new wells indicate that the Piceance Basin recoveries, including the Niobrara/Mancos, offer the potential to at least double the net reserves available here, with improved economics. WPX has recently iterated that the Piceance continues to demonstrate that it is a ‘world class asset’ region. Dejour has over 7,500 net acres of land prospective for Niobrara/Mancos contingent resources in this Basin. This current WPX discovery is situated between Dejour’s Kokopelli and Roan Creek leaseholds."