Red Hot Stock Idea
Doral Energy Corp.
(OTCBB: DRLY)
DRLY is an Energy Producer with a Bright Future!
Our latest stock idea–Doral Energy Group (DRLY) is an oil and gas exploration and production company with a mission to provide the U.S. with energy for a secure future……and make money for its shareholders while they’re at it.
DRLY’s initial project is the 7,800 acre Eddy County Properties, located in Eddy County, New Mexico on the western end of the oil-rich Permian Basin. The Company’s overall plan for the Eddy County Properties is to capitalize on the proven, undeveloped reserves by implementing an infill drilling program intended to maximize production from the Eddy County Properties.
Check this out — According to the company, DRLY is sitting on PROVEN reserves of over 6.1 MILLION Barrels of Oil Equivalent (BOE).
An interesting fact about oil drilling that many traders are unaware of is that producers usually pull out natural gas at the same time as the oil. DRLY’s focus is oil, but they also plan to sell significant amounts of gas along with their oil. For valuation purposes, the gas is valued as a in BOE, that is the energy in gas that is equivalent to the energy in a barrel of oil.
At current spot prices of $77.46, you can see that they could be sitting on a small fortune right now! To prove our point, just last week DRLY announced that in its first full year of operation, it had gross production of 46.2 MBbls (thousand barrels) of crude oil and 12.2 MMCF (million cubic feet) of natural gas or 48.2 MBOE (thousand barrels of oil equivalent), for Company net production of 33.7 MBbls of oil and 8.9 MMCF of gas (35.2 MBOE).
So find out all you can on DRLY and add it to your radar right away. Also be sure to watch this brief, but informative video clip to learn more about DRLY’s operating strategy CLICK HERE
So what does all of this mean? Well, simply put it means that DRLY does not just own dirt — they are actually pulling oil out of the ground and making money!
In fact they just announced that in the last year they had revenue of $1.83 million and had a positive year-end EBITDA of $0.53 million…….
To read the complete article CLICK HERE
What’s DRLY’s Upside?
Last year (according to their SEC filings) DRLY’s average selling price was under $54/barrel. As we all know, oil has been trading well above that price for the last few months. When they announce their NEXT earnings, we are expecting to see a big surprise — and hopefully all their shareholders will be very happy.
We were very impressed when we read through the latest DRLY filing and we encourage you to take a peek as well. CLICK HERE
DRLY has been so successful so far since it follows a clearly defined strategy of acquiring producing properties that are operating below their potential due to…
Another way is by targeting new exploration and drilling programs with low-to-medium risk profiles, including infill drilling of proven undeveloped reserves (PUDs) on its existing properties.
The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company’s future acquisition activity. DRLY’s first producing assets, the Hanson Properties in Eddy County, New Mexico, are located in the northwestern Permian Basin of New Mexico.
The goal of the exploration and drilling program is to provide the potential for very large shareholder returns, while not jeopardizing the overall cash flow generated by DRLY’s producing properties.
According to the U.S. Department of Energy, IEA Energy Outlook 2007, total global energy use in 2006 was equivalent to 81 billion barrels of oil. It is projected to grow to 121 billion by 2030. For all the promise that alternative energy holds for supplying the world’s energy needs, it is still oil that drives the world’s economy right now
