Monday, July 16, 2012

Voyager Oil and Gas In-Play -- From Yahoo.com

6:56AM Voyager Oil & Gas provides operations update; 2Q2012 average production was ~ 900 barrels of oil equivalent per day, a 40% increase over 1Q2012, in-line with co projections (VOG) 1.45 : Co had 6.44 net (150 gross) Williston Basin wells producing from the Bakken and Three Forks formations at June 30, 2012. The Company added 1.41 net (32 gross) Bakken/Three Forks wells to production during the second quarter of 2012. An additional 1.22 net (31 gross) wells were being drilled or awaiting completion as of June 30, 2012 and are expected to be additive to production during the second half of 2012. ~ 225 rigs are currently drilling in the Williston Basin with 210 to 215 rigs drilling in North Dakota and 10 to 15 rigs drilling in northeastern Montana. Voyager expects that the current level of drilling activity will continue and much of its acreage will be developed and converted into producing wells. Approximately 34% of Voyager's current acreage is held by production, either by producing wells or wells that are in the process of being drilled or awaiting completion.

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