CLR Update -- More To Follow

First: the press release --

Company's Bakken Proved Reserves Almost Double, Exceeding a Half-Billion Barrels of Oil Equivalent

58 Percent Estimated Production Growth Achieves 2012 Target

The summary at Yahoo!Finance In Play:

Continental Resources increases proved reserves 54% to 785 MMBoe : Co increased its year-end 2012 proved reserves to 785 MMBoe (million barrels of oil equivalent), a year-over-year gain of 54 percent. With the 2012 increase, Continental has grown proved reserves at a compound annual growth rate of 45 percent since year-end 2009. Continental's 2012 proved reserves had a net present value discounted at 10 percent (PV-10) of $13.3 billion, a 45 percent increase over the PV-10 of $9.2 billion for proved reserves at year-end 2011. Proved reserves growth in 2012 primarily reflected strong production growth in the Bakken play of North Dakota and Montana, which Continental believes is the nation's premier oil play.

Then, look at the daily activity report posted just moments ago. CLR with eleven (11) new permits. 

Not trivial.