Goldman Small Cap Research Initiates Research Coverage of Daybreak Oil and Gas, Inc.

Goldman Small Cap Research Initiates Research Coverage of Daybreak Oil and Gas, 
Inc. 
BALTIMORE, MD -- (Marketwired) -- 07/16/13 --  Goldman Small Cap
Research, a stock market research firm focused on the small cap and
microcap sectors, has initiated research coverage of Daybreak Oil and
Gas, Inc. (OTCQB: DBRM) an independent oil exploration and production
company that has 18 oil producing wells with 5 more development wells
coming online in the fall. 
Daybreak, along with partners, owns a 3-D seismic survey encompassing
20,000 acres over 32 square miles with approximately 13,000 acres
under lease in the San Joaquin Valley. The property is in the same
region as the Occidental Petroleum discovery which is considered the
largest California oil discovery in decades, potentially yielding
hundreds of millions of barrels of oil. Daybreak has nearly 300,000
barrels of proved oil reserves and on a net working interest basis,
3.8 million gross potential recoverable oil reserves.  
In the Goldman Opportunity Research report on the Company, analyst
Rob Goldman outlines his investment thesis.  
"Daybreak arguably has some of the most enviable financial metrics in
the entire industry. DBRM has hit on 100% of its development wells,
may have the lowest operating costs at $18/per barrel, and is paid a
premium on the prevailing West Texas Crude prices. DBRM management
may also be one of the most conservative and shareholder friendly
operators that we have ever come across. With its infrastructure
already in place, and new wells coming online to nearly double
revenue this year and achieve quarterly operating cash flow
profitability, DBRM may be the most undervalued oil and gas play in
the market."  
To view the report and its disclaimers, or to download the report in
its entirety, please visit www.goldmanresearch.com 
About Goldman Small Cap Research: Led by former Piper Jaffray analyst
and mutual fund manager Rob Goldman, Goldman Small Cap Research
produces small cap and micro cap stock research reports, daily stock
market blogs, and popular investment newsletters. For more
information, visit www.goldmanresearch.com. 
A Goldman Small Cap Research report is not intended as an offering,
recommendation, or a solicitation of an offer to buy or sell the
securities mentioned or discussed. Please read the report's full
disclosures and analyst background on our website before investing.
Neither Goldman Small Cap Research nor its parent is a registered
investment adviser or broker-dealer with FINRA or any other agency.
To download our research, view our disclosures, or for more
information, visit www.goldmanresearch.com. 
About Daybreak and Gas, Inc.: Daybreak Oil and Gas, Inc. (OTCQB:
DBRM) is an independent oil and gas company engaged in the
exploration, development and production of oil and gas in California.
The Company is headquartered in Spokane, Washington with an
operations office in Friendswood, Texas. Daybreak owns a 3-D seismic
survey that encompasses 20,000 acres over 32 square miles with
approximately 13,000 acres under lease in the San Joaquin Valley of
California. 
For more information, please visit http://www.daybreakoilandgas.com.  
Goldman Small Cap Research
Rob Goldman
Analyst
410-609-7100
rob@goldmanresearch.com 
 
 
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