DALLAS, April 30, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Delta Petroleum Corp. (Nasdaq:DPTR). The report includes financial, comparative and investment analysis, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.microstockprofit.com/ads/DPTR
Delta Petroleum Corp. (DPTR) engages in the exploration, acquisition, development and production of crude oil and natural gas in the Gulf Coast and Rocky Mountain areas. The Company maintains leaseholds in the Eastern Washington region, called the Columbia River Basin. The Company's business model consists of increasing reserves and production through acquisitions and drilling operations. DPTR's Gulf Coast core area consists of conventional oil and gas reservoirs, primarily in Texas. The Rocky Mountain operations focus on non conventional tight gas sands.
Message Board Search for DPTR: http://www.boardcentral.com/boards/DPTR
In the report, the analyst notes:
"Longer term, the outlook for fossil fuels is for much higher prices. Private analysts such as Matt Simmons of Simmons & Company, and William Powers of Powers Energy Investor hold this optimist view of the future oil and natural gas prices, citing evidence of world peak oil production and expected increased demand as world GDP begins to regain its upward projection led by the BRIC countries.
"The Company's primary focus centers on the Gulf Coast and Rocky Mountain regions, with expected capital expenditures to be deployed in its Piceance Basin assets. The Company has sought buyers of its non-core properties in order to concentrate its resources on the Gulf Coast and Rocky Mountain properties, with emphasis placed on the higher initial production rates typically achieved in the Gulf Coast area."
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