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КОрпорация Кодиак Ойл & Газ Message Board

  • lexpress56 lexpress56 Jan 28, 2014 10:29 AM Flag

    Takeaway from PDCE announcement?

    A different company operating primarily in a different field (Niobrara), PDCE announced some absolutely stellar reserve growth this morning and is up about 8% in this morning's trading. A review of its announcement (IMO) mirrors what I hope to hear from KOG next month when its reserve report comes out because a great deal of the PDCE reserve growth is attributable to more wells per unit in light of significant downspacing in the Niobrara field. Proved reserves up about 25%, PV-10 up about 58%, and 3P reserves up 45%. I could certainly be wrong, but my educated guess is that KOG might be making a similar announcement around Feb 20. Keeping my fingers crossed. --Lex