TPLM Yearly Earnings, Operational Update -- 2014

Snapshot of Bakken operators here.  

I track TPLM here. 

For newbies: this is an incredible press release -- whether you are an investor, a mineral rights owner, or simply interested in the Bakken, this press release has a lot of information that is pertinent to the entire Bakken and all operators. 

Highly recommended reading. Note this just as one example from the press release:

• Successful downspacing efforts continue with multiple DSUs containing middle Bakken wells spaced approximately 600' apart, further supporting future development of core acreage using up to eight middle Bakken wells per DSU; initial well results from currently producing infill wells indicate an approximate 15% increase in production

Triangle Petroleum misses by $0.02, reports revs in-line : Reports Q4 (Jan) earnings of $0.11 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.13; revenues rose 257.7% year/year to $85.5 mln vs the $85.64 mln consensus.

• Increased volumes in fiscal year 2014 to 1,929 Mboe (+295% y/y, 5,286 Boepd) as compared to 488 Mboe (1,334 Boepd) in fiscal year 2013 
• Increased total estimated net proved reserves to 40,314 Mboe at fiscal year-end 2014, a 175% increase over fiscal year-end 2013 total estimated net proved reserves, with an associated increase in SEC PV-10 to ~$678 million (+201% y/y)

Press release: 4Q14 and full year financial results and operational update.