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Halcón Resources Corporatio Message Board

  • dsc20601 dsc20601 Oct 30, 2013 7:12 PM Flag

    HK is spring loaded...Waiting on news

    IMO Mr Wilson has some production #s hidden up his sleeve

    Sentiment: Strong Buy

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    • Not spring loaded, !0 active rigs drilling and complete on average 1 month.
      40.950 BOE/D at last report.
      Pad drilling the rig skid's over 30 feet and already to go.
      The laterals are separated at depth by 660 depth.
      Utica Point pipeline opened in mid-September so 8 wells connected.
      New formations in the three forks have TF2 & TF3 added with 37 feet of play (reserves proved).
      Reserves in ND almost triple.
      So it is not a hidden agenda it's right here:

      Halcón Deliver Significant Production Growth in 2013
      Bakken/Three Forks ~150,000 Net Acres Avg. WI in operated acreage: ~94% current 35,000 BOE/D
      91% Oil 9% Gas

      Utica/Point Pleasant ~142,000 Net Acres Avg. WI in acreage: ~96% pilot wells started
      Kibler 1H (Trumbull County, OH) test rate 2,233 BOE/D (75% liquids)
      Allam 1H (Venango County, PA) test rate 1,652 BOE/D
      Sep 19th pipeline connected now flowing 8 wells now flowing in pipeline @ Utica

      El Halcón ~60,000 Net Acres Avg. WI in acreage: ~72% Current 6,000 BOE/D a 700% increase YTD
      94% Oil 3% NGL 3% Gas

      Total Proved Reserves: 106.7 MMBoe
      % Proved Developed: 48%
      % Oil: 80%
      % Operated: ~93%
      Total Proved PV10: $2,273 MM
      Resource Potential: 1 Billion Barrels Oil Equilavent
      Current Net Daily Production: ~40,000 BOE/D
       40,950 net @ presentation

      Sentiment: Buy

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