Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Arabella Exploration's High-Quality Permian Wolfbone Acreage Position Has 33% Upside By Year-End

Arabella Exploration (OTCPK:AXPLF) is „an „independent „oil„ and „gas„ company „focused „on „the „acquisition,„ development„ and„ exploration„ of„ unconventional, „long„life, „onshore„ oil„ and„ natural„ gas „reserves „in „the„ the Southern„ Delaware„ Basin„ in West„ Texas.„ Arabella's leasehold acreage is located in the heart of the over-pressured, multiple stacked benches of the Wolfbone play. The company is focused on exploiting multiple pay zones within the Wolfcamp and BoneSpring shales. I think the stock will approach its initial IPO price of $8 by the end of the year (33% upside).

A slide from a recent April presentation summarizes the company's position in the play:

(click to enlarge)

This slide shows the company has a very small concentrated position (4,698 net...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details