Folks invested in KOG will have already seen it and looked at it closely but newbies should take another look at it, and pay attention to some key phrases:
- KOG will add a third rig this quarter (1Q11)
- KOG is partnering with XOM on some wells (read "deep pockets" for XOM)
- December weather will impact production targets (buying opportunity when earnings reported)
- KOG mentions that production from a four-well pad will be connected to a recently completed pipeline system. That system was not named, but I'm thinking Arrow Pipeline
- KOG believes that their recent drilling results suggest the Bakken and Three Forks are not communicating with each other in KOG's core operating area in Dunn County
- KOG believes that recent drilling results lend support to "drilling at least four Bakken wells within a drilling unit." That's a verbatim quote. Note some key words: "at least four" .... "at least" ... "Bakken wells" .... they did not say Bakken and Three Forks wells.
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