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Members,
Up, up DLTA goes… where it stops, nobody knows!
Symbol: DLTA.ob
Current PPS: $0.11 <— Huge Opportunity!
Outstanding Shares 14.5M
Float
If you missed our last couple alerts, you should be aware that ‘Q3 2012′ is off to anspectacular start with a total of +4,490.87% Profit so far…
DCLT +630.77%
ADLI +3,813.04%
KALO +47.06%
SR&R expects Today’s Play… DLTA to be another Huge Triple-digit Winner!
DLTA operates in the booming oil & gas industry.
DLTA is currently in possession of several revenue-producing wells!
DLTA has zero debt…
DLTA has a highly attractive share structure with a Float of approximately 10M!
DLTA is currently priced at just $0.11 per share.
Delta Oil & Gas, Inc. (DLTA) is a small oil and gas exploration and production company focused on increasing net asset value by leveraging experience and modern technologies combined with strategic partnerships with industry leaders to maximize reservoir potential. As worldwide energy demands continue to exceed existing supplies, future price increases for these fuel sources are anticipated.
DLTA‘s strengths include a solid foundation of strong land holdings, significant proven production, and experienced management. DLTA is focused on finding acquiring and developing properties with undeveloped reserves that are economically attractive, and use geological and geophysical expertise to minimize the risk of oil and gas exploration. As a result, DLTA creates value and reduces risks through their strategy of acquiring and developing opportunities.
A little over a month ago DLTA released news regarding their most recent reserve valuations of its producing oil and gas assets. As at December 31, 2011, DLTA‘s producing oil and gas assets had a valuation of $3.6 million at a 10% discount.
DLTA expects the reserves valuation will take another leap forward with the addition of their King City Prospect in California. It is not included in this valuation report as it is yet to produce but the first well was drilled in late 2011 and is currently awaiting completion. Once completed and it starts to produce hydrocarbons, DLTA expects to have a reserve evaluation report completed in order to assess its value.
DLTA continues to generate revenue on a monthly basis from its two wells in Texas and eight wells in Oklahoma, which are producing approximately 460 barrels of oil equivalent (BOE) per month. The King City Prospect will add significantly to their production and cash flow when it comes on stream later this year.
Website(s):
Check out the 3-year chart below!
Historically, DLTA has made moves from $0.10 to over $0.40!
A repeat run could bring gains of +200% or more to members Today!
DLTA closed yesterday’s session up +10%…
SR&R expects some crazy upward momentum to commence immediately!
Members may want to grab shares of DLTA early in the trading-day…
DLTA looks READY to ROCK!!
7:00a ET June 28, 2012 (Business Wire)
Delta Oil & Gas, Inc. (OTC:BB – DLTA) is pleased to report on the most recent reserve valuations of its producing oil and gas assets. As at December 31, 2011, Delta’s producing oil and gas assets had a valuation of $3.6 million at a 10% discount. As at the same date, Delta had a total of 14.1 million common shares issued and outstanding, which equates to over 25 cents a share in reserve valuation. Douglas Bolen, President, stated: “We have built our asset base through controlling expenses and using the majority of our revenues and cash to re-invest in additional projects and wells. The company is proudly debt-free.”
The company expects the reserves valuation will take another leap forward with the addition of our King City Prospect in California. It is not included in this valuation report as it is yet to produce but the first well was drilled in late 2011 and is currently awaiting completion. Once completed and it starts to produce hydrocarbons, we expect to have a reserve evaluation report completed in order to assess its value.
Delta continues to generate revenue on a monthly basis from its two wells in Texas and eight wells in Oklahoma, which are producing approximately 460 barrels of oil equivalent (BOE) per month. The King City Prospect will add significantly to our production and cash flow when it comes on stream later this year.
About Delta Oil and Gas
Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Southern Saskatchewan, Canada; Newton County, Texas, and South Central, Oklahoma.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, President
SOURCE: Delta Oil & Gas, Inc.
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Delta Oil & Gas, Inc. 1.866.355.3644 IR@deltaoilandgas.com www.deltaoilandgas.com |
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