"Meanwhile, Magnolia Petroleum shares jumped 52.4% to 1.6p. An independent assessment valued it's proven reserves in America at $32 million; more than double the entire market value of the company. Also production in July hit 257 barrels a day, a big increase on the 150 barrels in April" (p52)
Ahem. Becoming forgetful, even to the extent of naming Helgeson as Gunderson. Perhaps I should follow Oilm and jr's method with a spreadsheet. Shall revisit ND when time permits. With "79 wells" coming on stream Q4 is looking very upbeat. As RFW comments on proving up leases I am very interested to see what near-term plan there is for substantial chunks of land taken up in Lincoln this year, amongst others.
Whereas there is good reason to keep track of all OK interests ND mapping in contrast, by virtue of lesser acreage, is not quite as important. Infill wells, granted, will contribute to bopd notwithstanding meagre NRIs. Three Forks-Sanish will probably be a bonus but depletion rates are likely - and wisely - causing restriction in investment to ~$50k per well. See e.g -
Mr E confidential stats were only released during the course of last week, sure Rita will have had prior information as investor but would have needed the IPR infrmation w/e 31/6 for this report(unlikely) why not RNS the skunk creek wells on wednesday or thursday when they were out.
from memory I posted a jake result before the official RNS which was followed up in typical Rita fashion with a 4 Jakes RNS. My theory here is that she has or is expectimg something bigger and better for the next RNS maybe a Devon or three as well.
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