Data points (some numbers rounded):
- Working interest in 7 gross (0.74 net) wells (not even one well)
- Total production at end of year: 120 bopd
- 100 percent success rate drilling the Bakken/Three Forks
- One successful Niobrara discovery
- Purchased 15,000 net acres; average price: $650/acre
- Joint venture with Slawson: Denver-Julesberg Basin Niobrara Formation
- Now listed on AMEX (VOG)
- Issued 12.5 million shares in February; netted $46.6 million; exercise price of $7.10
- Average oil price for 2010: $70
- Average production cost: $10/bbl
- Expect to drill six net Bakken/Three Forks wells
- Expect to drill a minimum of six net Niobrara wells
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