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Dynamic Resources Corp. (DYRFF.PK) - Dynamic’s main focal point is to acquire, explore and develop Oil and Gas properties all through the United States and Canada. The company, in addition has various mineral properties.
Dynamic Resources Corp., is guided by skilled management and technical team proficient in all aspects of Oil, Gas, and Mining exploration.
PROJECTS:
NORTH LOUISIANA Dynamic Resources Corp has a 20% working interest in an exploration, development project in approximately 5300 acres in the Sentell Field.
This field is located in the Bossier Parish in North Louisiana where a total of four wells have been drilled. The company is currently completing three gas wells and placing on production upon completion.
PALO DURO BASIN Dynamic Resources currently has a 100% working interest and a 75% net interest in approximately 2400 acres in the Palo Duro Basin West Texas. The Palo Duro Basin is located approximately 250 miles northwest of the Forth Worth Basin, which is where the Barnett Shale Play exists. The Barnett Shale Play is considered to be one of the largest producing natural gas fields in Texas, estimated to contain 1 trillion cubic feet of recoverable gas. The play in Palo Duro Basin targets Pennsylvanian-aged shales that exist between 7000 to 10000 feet. It is believed that many Geological similarities exist between the Barnett Shale Basin and the Palo Duro Basin Shales.
Schlumberger has indicated that based on certain log information on wells that have been drilled in the area that the potential "gas in place" indicates in excess of 50 billion cubic feet of gas per section.
Dynamic is currently evaluating other prospective leases in the Palo Duro Basin area, with the intent of leasing and eventually drilling prospective targets.
The company plans to drill its first well in February of 2006.
COOK RANCH
Dynamic Resources Corp has earned a 3% working interest and a 2.25% net interest in approximately 8800 acres in the Cook Ranch Acreage located in the La Salle County, Texas by participating in the drilling of the first test well. The deeper zones proved to be non-commercial. However, at approximately 6400 feet, the Escandito Sand was encountered which is currently producing approximately 180 barrels of oil per day and 250,000 cubic feet of gas. The gravity of the Oil is 47.1 API.
There has been no salt water produced.
Based on the success of this well, it is the intent of the company to participate in an additional 10 development wells on this property in 2006 and 10 in 2007. The operator, Bayshore Exploration L.L.C. plans on running 3-D Seismic Program over this acreage to better define development drilling targets.
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Trading Symbol: DYRF (Canada) and DYRFF (PK) Number of Outstanding Quoted Securities: 146,291,989 Date: July 3, 2008
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good volume in the past days... I think we see some good news in the next days...
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