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Lone Pine Resources Inc. Message Board

  • greatdayforinvestments greatdayforinvestments Mar 17, 2013 9:33 AM Flag

    Where was the 100,000 acres acquired in 2012?

    David Schumann - Northwest Capital
    I appreciate the detail very much. If I can just follow on a question asked by the previous person on the line, you’ve referenced the $10 million dollars that you spent last year, in reading through the 10-K, it looks like you acquired a 100,000 net acres in 2012. Is what you’re implying that this acreage is fairly concentrated and if you’re able to discuss your plans for developing the concentrated acreage or just comparing it geologically to the opportunity at Evi, is it somewhat comparable in size? Thank you very much.

    David Fitzpatrick
    Yes, thank you. It’s Dave here still. Yes, it is a concentrated land package and it’s an asset package that does have access to it, although remote, there is access to it. And you are absolutely correct sir in terms of the size, 100,000 net acres in fact by my calculation would be slightly larger than the asset base size that we have at Evi.

    Sentiment: Strong Buy

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