From my "Other Producers" page:
Triangle Petroleum (TPLM): new player in the Bakken; 4,000 net acres in Wms and McKenzie Counties, Feb 8, 2010.
December 20, 2011: getting more active -- Triangle has permits for a 3-well pad in Ellsworth oil field. Ellsworth is a 36-section (one township) oil field near the bull's eye of the Bakken. It is located about five miles south of Arnegard, southwest of Watford City.
These are the Triangle Petroleum wells listed at the NDIC website, as of this date:
- 21632, DRL, Larson 149-100-9-4-1H, Ellsworth, Bakken
- 22096, LOC, Larson 149-100-9-4-2H, Ellsworth, Bakken
- 22097, LOC, Larson 149-100-9-4-3H, Ellsworth, Bakken
- 22098, LOC, Larson 149-100-9-4-4H, Ellsworth, Bakken
- 21452, conf, Dwyer 150-101-21-16-1H, Pronghorn, Bakken
- 21825, LOC, Gullickson Trust 150-101-36-25-1H, Rawson, Bakken
- 21826, LOC, Gullickson Trust 150-101-36-25-2H, Rawson, Bakken
- 21827, LOC, Gullickson Trust 150-101-36-25-3H, Rawson, Bakken
- 21828, LOC, Gullickson Trust 150-101-36-25-4H, Rawson, Bakken
I like this company long term...looks like they have good acreage, less than 45,000,000 million shares issued, leaving them plenty of room for secondaries to fund operations as needed w/o diluting the shares too heavily...they remind me of KOG a couple years ago, but with a much smaller float.
ReplyDeleteI can't remember for sure, but I think this a favorite of Mike Filloon's also.
ReplyDeleteTriangle claimed to have successfully drilled the Dwyer well yet there is no wellhead everything removed from location. Its my family's well does anyone have answer for that? Also the status of the well on this page is confidential.
DeleteFile number 21452 is Triangle's Dwyer well southeast of Alexander, North Dakota.
DeleteDo you have a link or source verifying that Triangle said they were successful? This is a great area, and I'm sure they will be successful; to what degree, hard to say.