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Six great stocks for 2012, SeekingAlpha.com:
- Pozen, Lucas Energy, Samson Oil and Gas, Gyrodyne (real estate), Pacific Ethanol, and KOG
- My first thought when reading the short article: Where's the beef?
- The only one of the 15 that interested me was KOG, and maybe ONEOK
Bruce, FWIW just in case you somehow missed it, I thought you might find this Motley Fool “blurb” about the Bakken interesting.
ReplyDelete2011 Bakken Review: Part 1 -- By Isac Simon December 28, 2011 - The Bakken shale play has been the subject of much hype for the better part of 2011. Touted as the single largest oil find in U.S. history, this region witnessed several companies lining up to exploit its reserves. Companies that couldn't invest in acreage simply bought into companies with established bases there -- the most prominent being Statoil (NYSE: STO ) taking over Brigham Exploration .....
Kodiak Oil & Gas (NYSE: KOG) has been a revelation this year. Its wells have been producing at a decent rate. In Dunn County, the company has two wells -- MC #13-34-28-1H and MC #13-34-28-2H -- producing at 1,074 barrels of oil equivalent/day (BOE/d) when calculated for the 60-day period. The TSB #14-21-33-15H produced at 790 BOE/d.
These wells have been the backbone of Kodiak's production this year. Another couple of wells in the same county have been producing at an average of 450 BOE/d.
A couple of new wells, which were completed last September, have shown promise. Their 30-day average daily output stood at 1,449 BOE and 1,398, respectively. Bakken's Dunn County has been playing true to potential for Kodiak.
McKenzie County also ensured some fantastic production for Kodiak. The four Koala wells that were completed this year have a 60-day average daily output of 1,116 BOE -- again phenomenal. Three more Koala wells are due for completion in the fourth quarter this year.
Eighteen additional wells are due for completion in 2012. See - http://www.fool.com/investing/general/2011/12/28/2011-bakken-review-part-1.aspx for the full article.
Wow, how did I miss that one! Thank you, worthy of a stand-alone post because it will be a series of stories.
ReplyDeleteThank you. Readers will enjoy it.