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Halcon Resources Corp. Message Board

  • tucker3210 tucker3210 Nov 7, 2013 2:34 PM Flag

    Investor relations

    Got this today from IR.....

    As mentioned on our call, the 38,000 to 42,000 Boe/d production guidance for next year excludes ~4,000 Boe/d of production related to the non-core assets divestiture that is expected to close in 4Q 2013. Since the divestiture doesn’t close until 4Q, ~4,000 boe/d is included in 3Q 2013 production. To put our 2014 production guidance into perspective, on an equivalent basis pro forma for the acquisition and divestiture activity we had in 2013, we are projecting year-over-year production growth in 2014 of greater than 40%, which is higher than many of our peers.

    In general, our production beat (5% above high end of our guidance; 10% above consensus estimates) and strong operational updates for the Williston Basin and El Halcón this quarter are being seen as positives for the company. We are continuing to focus on our core plans and execute on our drilling & completion plan for the remainder of this year and into next.

    Please keep in mind that our management team, along with several other employees of former ventures, put in ~$55MM of their own money into the company in February 2012 and has continued to purchase shares over the past year and half. Management and all other employees (most of whom are shareholders) believe in the company’s goals and strategic vision and want to see this company execute on our strategy and succeed.

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3.03-0.15(-4.72%)Nov 25 4:05 PMEST

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