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Linn Energy, LLC Message Board

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  • rlp2451 rlp2451 Nov 21, 2012 10:50 AM Flag

    Linn slide questions

    Still waiting for an apology.

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    • We are not responsible for your primitive emotional condition.

      Free Speech is about objective reasoning towards truth and honest people adjust their views rather than have tantrums.

    • For what specifically?

      You are the one who just made up that the bakken is not profitable for Linn....and that is FALSE....right?

      Still have some difficulty reading the Linn slides?

      "Please notice the BAKKEN profitability is specifically mentioned as: Rate of returns: ~50%"

      And this is the Linn slide that it came from is copied for everyone's reading pleasure...notice the end:
      Rate of returns: ~50%...& see below....."Offers high rates of return"

      That sure sound like a very profitable Bakken, ...... in any language.

      Williston Basin – Bakken Play
      Note: Unless noted, all operational and reserve data as of December 31, 2011.
      (1) Average production rate as of 4Q 2011.
      FE ET
      0 18,970’
      LINN Acreage
      Capital Activity
      Sanish Bay
       Strategic entry into premier oil basin in 2011
       Non-operated position with high quality
       Offers high rates of return
       Significant growth potential
       Additional consolidation opportunities
       Current position
       ~14 MMBoe proved reserves
       ~3,500 Boe/d of current production(1)
       ~17,000 net acres
       91% liquids
       48% proved developed
       ~7% average working interest
       Growth opportunities
       ~800 future drilling opportunities
       Current activity and average results
       IP rates: ~1,000 Boe/d
       EURs: ~500 MBoe
       Rate of returns: ~50%

      Sentiment: Strong Buy

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