Monday, April 16, 2012

VOG Provides Operational Update -- The Bakken, North Dakota, USA

Yahoo!InPlay (no link):
6:00AM Voyager Oil & Gas provides operations update; ~33,000 net acres in the Williston Basin as of March 31; co currently on track to meet 2012 guidance. : Co announced ~ 33,000 net acres in the Williston Basin as of March 31, 2012 100% of acreage acquired during 1Q2012 has received AFEs. First quarter 2012 average production of about 600 barrels of oil equivalent per day, a 50% increase over fourth quarter 2011, exceeding Company projections 5.03 net wells producing from the Bakken or Three Forks as of March 31, 2012 after adding 2.04 net Bakken/Three Forks wells to production during the quarter with another 2.05 net wells being drilled or awaiting completion as of March 31, 2012. As of March 31, 2012, Voyager held 32,823 net acres of mineral right leases in the Williston Basin. During the first quarter 2012, Voyager increased its leasehold interests in the Williston Basin by 899 net mineral acres at an average cost of $2,048 per acre.
This is link to the press release

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