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EV Energy Partners LP Message Board

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  • john_mrks john_mrks Dec 7, 2011 8:56 AM Flag

    Wells Fargo Presentation

    Thank you very much, Otto, for the excellent break down of John's presentation. I got more from your "bullet points" than the entire speech! You did a great job. Johnny / San Antonio

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    • I anticipate that by the end of quarter 3
      in 2012 that they will announce a tax-free
      trade of long-lived, developmental oil and
      gas properties, with an approximate 20 percent
      return and some drilling zone upside, properties
      in a basing where they have a strong presence,
      probably Texas and Oklahoma.

      We will continue to receive a development cost-free carry with a 7.5% royalty in the EVEP utica positon retained which as wells are drilled through 2016
      will generate 20 years of cash flow going forward.

      I wouldn't be surprised that enervest will consolidate
      utica well in Ohio later this decade as they become
      mature from CHK. Therefore, our Ohio position will grow
      over the years as well.

      This transaction should allow the to ramp up distributions to around $6 a unit within 18 months
      following acquisition. With a stock price of $80 to
      $120 by end of 2014.

      I'm going to be patient and let the methodical and brilliant Mr. Walker do his magic.

 
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