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Message: Email from the president of DTE

Email from the president of DTE

posted on May 15, 2008 07:34AM

I sen an email on May 14 to DTE, expresseing my dissatisfaction with the sp and lack of news regarding their projects. The president responded, and below is his response. This is a producing gas company, with a number of promising properties. Do your own DD, of course, but I think it has potential.



Rick-
> I am CEO of Daytona and in response to your email I
> offer the following:
>
> We have had recent news concerning our Brazeau River
> Project. All press releases are posted on our
> website: wwww.daytonaenergy.com
>
> Most recent release gives details of how our
> production will double or possibly triple in the
> next
> few months and combined with upswing in gas and oil
> pricing will really help our cash flow situation.
>
> We have the project in Mississippi that is currently
> underway. The company will have a large interest in
> this project which has the potential to drill a
> large
> number of wells and net the company really good
> reserves and cash flows. No recent press on this
> project but there will be some in the future.
>
> We do not have an IR effort currently, as we are
> waiting on tangible results and increased cash flows
> before we can start in earnest. Previous efforts
> were
> expensive and didn't have much more than a short
> term
> impact, and we decided to put cash into the ground
> instead. IR will begin when we have a steady flow
> of
> good news and results to report.
>
> It would help me if you could give me your
> perspective
> on newest press release. Did you see it? Did it
> make
> sense? What news sources do you usually watch?
> Where
> do you live? Generally, when a company's production
> takes a significant jump, the share price goes along
> with it, so I am scatching my head too.
>
> Regards,
> Jim Breimayer
> President and CEO

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