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DTE dart energy limited

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What happened to our Dart shares, page-9

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Zonker

574 Posts.

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11/08/15

22:56

Post #: 15789472
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Originally posted by hotdog159 ↑

It is important to remember we sit on what, 30TCF on our acreage? So our portion is about 10TCF? Translating to a price per MCF of USD3-4c, or about USD0.20 per bbl. Find me an explorer with economic resources for that price.
If it can survive its reduced debt, this is a 5 bagger from here. (although i guess it will be taken out by one of its partners first - hopefully there is a bidding war).
P.S. All my numbers are approximations. I welcome someone to plug in actuals and correct me.
The Tories are clearly on board. They jave protected the forest areas, and introduced monitoring, not much groumd for real opposition, especially once the jobs and cheaper gas follows.

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Up another 5% in the UK as I type . . . perhaps the tide has turned???

DTE Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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What happened to our Dart shares, page-9

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