copied from Whiting presentation at Barclay CEO Conference:
‐ McKenzie Co. ND Tarpon Prospect Well Completed on June 7, 2014 in 2nd Bench of Three Forks
Flowing 6,071 BOE/d
Is Abraxas drilling in the same region?
just listened to the Enercom-webcast of Eclipse, an upcoming company (IPO aug 2014) and very similar to the Apalachian part of MHR; the CEO was very positive about the wells they drilled with MHR (i could find 3 of them on slide 22 of MHR aug2014 presentation) and they have a transportation deal with Eureka.
MHR has rig nr 9 contracted with Eclipse trough oct2014, so they have inside info about some of Eclipse wells.
The CEO of Eclipse was talking about their core position in "one of the best /the very best plays" in the country.
NB There is also an executive interview with CEO Ben Hulburt on O&G360
(look at oil&gas 360 media, interesting video):
"we will become a "Marcellus-and-Utica-only" company"
"some of our biggest wells now come online next two to three weeks"
"we are in manufactoring mode now"
Responsible Party: AVAX Technologies
ClinicalTrials.gov Identifier: NCT00660101 History of Changes
Other Study ID Numbers: A/100/0501
Study First Received: April 16, 2008
Last Updated: May 20, 2014
Health Authority: United States: Food and Drug Administration
Keywords provided by AVAX Technologies:
Additional relevant MeSH terms:
Neoplasms, Glandular and Epithelial
Neoplasms by Histologic Type
Endocrine Gland Neoplasms
Neoplasms by Site
Genital Diseases, Female
Genital Neoplasms, Female
Endocrine System Diseases
ClinicalTrials.gov processed this record on September 09, 2014
slide 21: Jourdanton Well 2 disappeared (was budgeted for 2014
slide 30: Powder River Basin: now exploring swap opportunities (what is this?)
Permian Basin: 1 Clearfork recompletion
copied from IBD:
In another deal also announced Thursday, Shell is selling its Haynesville assets to The Blackstone Group (NYSE:BX) for $1.2 billion.
"We are adding highly attractive exploration acreage where we have impressive well results in the Utica (area) and divesting our more mature Pinedale and Haynesville dry-gas positions," said Marvin Odum, president of Royal Dutch Shell's U.S. division, in a release.
Shell copied the GE-move!
MHR Non-Core Divestiture Summary (analyst presentation slide 80)
In Process (Est.)
Non-Core Oil/ WV Waterfloods $15.0 - $30.0 (Est.)
Non-Core North Dakota Non-Op $25.0 - $30.0 (Est.)
Bakken Non-Op $350.0 - $450.0 (Est.)
Bakken Operated $11.0 - $13.0 (Est.)
Subtotal for 2014 $401.0 - $523.0 (Est.)
two remarkable differences with Jun'14 presentation:
1. Laredo Petroleum Today (slide 3):
Significant Resource Potential
jun'14: 10x existing reserves
aug'14: 8x existing reserves (Less?)
2. Permian Production Growth (slide 10):
jun'14: CAGR 30-35%
aug'14: CAGR 25-35% (Less?)
MHR issued a PR in Australia as per SEC-filing:
Item 7.01 Regulation FD Disclosure.
On August 13, 2014, Magnum Hunter Resources Corporation (the “Company”) issued a press release in Australia concerning its takeover bid to acquire all of the outstanding ordinary (or common) shares of Ambassador Oil and Gas Limited, an Australian company listed on the Australian Securities Exchange (ASX: AQO) (the “Press Release”). A copy of the Press Release is furnished as part of this Current
Report on Form 8-K as Exhibit 99.1.
It is not listed on their site (as PR), it can be read via their SEC-filing.
from Range Resource Presentation:
When GIP analysis from the Marcellus, Upper Devonian and Utica/Point Pleasant are combined, the largest stacked pay resource is located in SW PA where Range has concentrated its acreage position
"Furthermore, we believe our current common stock price greatly underestimates the value of our company and its future growth prospects."
Mr. Gary C. Evans, Chairman and Chief Executive Officer of Magnum Hunter, commented:
“Approximately two weeks ago, the Australian Government Takeovers Panel issued a declaration of unacceptable circumstances against Drillsearch, the Ambassador directors and certain shareholders of Ambassador. We were pleased that the Takeovers Panel agreed with our application and ordered that Drillsearch, the Ambassador directors and certain Ambassador shareholders unwind such shareholders’
acceptances of the Drillsearch offer. We were of the view that Drillsearch’s offer was orchestrated to deliver control of Ambassador to
Drillsearch contrary to the principle that corporate takeovers must occur in an efficient, competitive and informed market.
Although the Takeovers Panel’s declaration and orders created a more level playing field where Ambassador’s shareholders could more properly consider the competing Magnum Hunter and Drillsearch bids for Ambassador, the principal considerations underlying our bid subsequently changed. We continue to believe our offer for Ambassador has significant strategic merit, specifically with respect to the potential
control of the exploration and development of PEL 570 through both New Standard, in which we hold a significant equity interest, and Ambassador. However, the recent postponement of New Standard’s exploration obligations in respect of PEL 570 is a significant disincentive to us with respect to an immediate acquisition of Ambassador for a consideration greater than our current exchange offer ratio presently reflects.
Furthermore, we believe our current common stock price greatly underestimates the value of our company and its future growth prospects.
Therefore, at the present time, we are not adjusting our current exchange offer ratio to increase our consideration for Ambassador as such adjustment would be unattractive to Magnum Hunter’s existing stockholders.
I just finished looking at the presentation of Consol Energy, very detailed info about Marcellus and Utica; as it is telling a very positive story it must be the same for MagnumHunter!
CONSOL Energy 2014 Analyst Day Presentation
that was a very poor CC (listen to the 3h31min replay at MHR site).
They should have a written copy available for the parts that could not be listened to.
Shame for a professional company Level(3)!
For the fiscal year ending June 30th, the Bachelor Mine produced 48,847 ounces of gold compared to 23,021 ounces of gold for the previous year. This production performance exceeded the previous guidance of 45,000 ounces published April 9th, 2014.
For the coming year, Metanor expects to produce 50,000 ounces of gold from its Bachelor Mine. In addition, Metanor plans to drill between 60,000 and 65,000 meters of exploration and definition drilling at Bachelor during the same period.
MHR was very late with this news, found this msg from 3 july 2014:
Ormet to Sell Mineral Rights for $22 Million
Posted: Jul 03, 2014 2:18 PMUpdated: Jul 03, 2014 9:15 PM
HANNIBAL, Ohio -A Delaware bankruptcy judge has given Ormet approval this week to sell mineral rights to a company called Triad Hunter.