Sunday, April 29, 2012

GMXR Corporate Presentation -- Will Report Earnings May 2

Highlights of the corporate presentation, April 17, 2012.

Slide 3:
  • McKenzie County, GMXR, 3 wells, average: 1,973 boepd
  • 2,549, Lange 11-30-1H
    1,953, Neil 24-19MBH
    1,436, Taboo 1-25-36H
  • GMXR Bakken/Three Forks average: 1,420 boepd
Slide 4:
  • Natural gas hedges at $2.60 (2012) and $3.50 (2013)
  • Collars, spreads, etc., for oil: $100/$90
  • Some of their oil revenue from current wells protected with $106.40 swaps
Other:
  • signing contracts with ONEOK for natural gas gathering 
  • slide 6 shows how quickly this company is turning to the oil-rich Bakken
  • presentation shows nice history of the Bakken
  • nice graphic of Bakken Pool payzones, including four benches of the Three Forks formation
  • continuity of Three Forks across GMXR's position
  • 1,100, CLR, Charlotte 1-22, 2nd bench
  • 2,549, GMXR, Lange 11-30-1H, middle Bakken
  • 1,436, GMXR, Taboo 1-25-36H, middle Bakken
  • DRL, GMXR, Pojorlie, well cored through Three Forks, 1st bench
  • DRL, GMXR, Evonluk, middle Bakken
  • 1,953, WLL, Kubas 11-13TFH, Three Forks, 1st bench

  • nice graphic of decline curve, and explanation of data points
  • example of sliding sleeve
  • prospects in McKenzie, Billings, and Stark counties



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