DALLAS, June 4, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Delta Petroleum Corp. (Nasdaq:DPTR). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/DPTR
Delta Petroleum Corp. (DPTR) is an independent oil and gas company engaged primarily in the exploration for, and the acquisition, development, production and sale of natural gas and crude oil. Delta operated in two business segments: acquisition, exploration, development and production of oil and natural gas properties and related business activities, and contract oil and natural gas drilling operations. The primary areas of activity are in the Rocky Mountain and Gulf Coast Regions with additional unproved exploratory leaseholds in the Columbia River Basin in southeastern Washington, the Hingeline area of Central Utah and the Haynesville Shale area of Texas, among others. As of December 31, 2009, the Company's proved reserves were comprised of approximately 126.7 billion cubic feet of natural gas and 4.5 Mmbbls of crude oil.
Message Board Search for DPTR: http://www.boardcentral.com/boards/DPTR
In the report, the analyst notes:
"The Company has stated that it expects its 2010 drilling efforts and capital expenditures, when announced, to focus primarily on its Piceance Basin assets in the Rockies. DPTR is looking to announce this year's drilling plans and expected oil and gas production once its strategic alternatives evaluation process and borrowing base redetermination are complete.
"The Company on Tuesday said it extended negotiations with Opon International LLC on a $400 million asset sale. DPTR said it does not plan to make any further comment about the negotiations until such time as it believes disclosure is warranted."
To read the entire report visit: www.microstockprofit.com/lp/DPTR
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