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Triangle Petroleum Corporation (TPLM) Message Board

  • volcanman volcanman Jul 19, 2013 2:06 PM Flag

    Good news for TPLM

    Frac jobs waiting to be done reach 500 in Bakken. Good news for TPLM subsiiary "Rockpile." Maybe they reach full use of two units quickly and value of Rockpile grows even faster than predicted.
    "In nine months, oil production in the Bakken rose by 100,000 barrels per day. But it could hit another milestone a lot sooner because of the way drilling and fracking is going in North Dakota.
    May was another record breaking month for the Bakken oil play as oil production hit an all time high of 810,000 barrels per day. "It is exciting to break the 800,000 barrel a day barrier," said Department of Mineral Resources Director Lynn Helms.
    Helms says drilling rigs are doing an outstanding job of drilling quickly. But the list continues growing to 500 wells waiting to be fracked.

    Sentiment: Strong Buy

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TPLM
5.51+0.08(+1.47%)Apr 24 4:01 PMEDT