Arabella Exploration (OTCPK:AXPLF) is an independent oil and gas company focused on the acquisition, development and exploration of unconventional, longlife, 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...