Dynamic Resources Engages Advisors
Dynamic Resources has engaged Clayton Capital Partners, Inc. ("Clayton"), of St. Louis, Missouri, to provide advice and assistance in the possible sale of all of the shares or all or substantially all of the assets of the Company.
Given the continued success of the Company at its Sentell Field project in Bossier Parish, Louisiana, management feels that this may be an opportune time to explore the sale of the Company with a view of maximizing shareholder value.
The Company owns a 20% working interest in approximately 5,300 acres in the Sentell Field, located in the heart of the known Cotton Valley trend north of Shreveport, Louisiana. To date, the Company has drilled ten successful tests of the Cotton Valley sands, six of which are connected to the market and producing revenues, with one more expected to produce revenue in the second quarter of 2009. Completion options are currently being evaluated for the remaining three wells, which all successfully tested the Haynesville Shale formation.
- Dynamic Strengthens GOM Presence by Acquiring Beryl O&G (Oct 14)
- Dynamic Resources Engages Advisors (May 04)
- Dynamic's Cotton Valley, Sentell Field Project In Promising Locale (Apr 16)