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Magnum Hunter Resources Corp. Message Board

  • apppro apppro Nov 8, 2013 7:18 AM Flag

    EPS was -.17 and Revs were $73million both meet.

    Rev maybe slightly lite but Seeking Alpha WAY WRONG

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    • Additionally, the Company has completed the fracture stimulation of the Farley well, which is its first Utica Shale well in Washington County, Ohio. As a result of the controlled blowout that the Company experienced during the drilling process, the Company was only able to fracture stimulate 10 of 26 planned stages, primarily due to poor cement isolation behind the production casing. Following the completion of the fracture stimulation, the Company began flow testing the well the week of October 28, 2013 with approximately one-third of the horizontal section open. The well tested at 3.0 MMcfepd. The aforementioned rate assumes full ethane rejection. The Company intends to commence the drilling of a second well on the Farley pad within the next 10 days.