You are the one who just made up that the bakken is not profitable for Linn....and that is FALSE....right?
Still have some difficulty reading the Linn slides?
"Please notice the BAKKEN profitability is specifically mentioned as: Rate of returns: ~50%"
And this is the Linn slide that it came from is copied for everyone's reading pleasure...notice the end:
Rate of returns: ~50%...& see below....."Offers high rates of return"
That sure sound like a very profitable Bakken, ...... in any language.
Williston Basin – Bakken Play
Note: Unless noted, all operational and reserve data as of December 31, 2011.
(1) Average production rate as of 4Q 2011.
Strategic entry into premier oil basin in 2011
Non-operated position with high quality
Offers high rates of return
Significant growth potential
Additional consolidation opportunities
~14 MMBoe proved reserves
~3,500 Boe/d of current production(1)
~17,000 net acres
48% proved developed
~7% average working interest
~800 future drilling opportunities
Current activity and average results
IP rates: ~1,000 Boe/d
EURs: ~500 MBoe
Rate of returns: ~50%
So, we are all expecting to see exactly where you got your information that you claimed where the Bakken is not profitable for Linn when their own slides mentioned specifically below says that it is profitable.
We are waiting for you to reveal all of this hidden inside scoop so go ahead and show us that you did not really just make it all up like you usually do?
Need to see the post from above that you keep avaoiding again?
Two points....the Bakken profitability is shown on the Linn slide below (See Slide # 10 & # 28, Linn's presentation of March 27, 2012).
& there is a Hogshooter profitability question also.
please explain any differences from what is clearly shown about the Bakken profitability as IRR of ~50%.
Please explain if the slide where the wet Granite wash which is shown as an IRR of over 180% is now actually more since the shift toward all of the granite wash to the Hogshooter which was mentioned in another slide, in another presentation as having 65% more revenue that granite wash wet?
See Slide # 10 & # 28
from the Linn presentation of March 27, 2012
Please notice the BAKKEN profitability specifically mentioned as: Rate of returns: ~50%o