SN | SANCHEZ ENERGY CORP, OIL WELL DATA MIXED. BARNHART #15 A 'MONSTER.' FINJITSU RESEARCH
Finjitsu Research - Associated Analysts
CHICAGO, IL - Jan. 9, 2013
Current Perspective on (NYSE:SN) Sanchez Energy Corp
We pulled individual well data for several recent Sanchez wells in the Marquis and Palmetto. Results were mixed, with both positive and negative surprises. Sanchez is still in the early stages of proving up their acreage in the Palmetto, Marquis and Maverick properties.
Previous Perspective on (SN) Sanchez Energy Corp
Sanchez Energy announced a $100 Million Cumulative Perpetual Convertible Preferred after the close yesterday and also provided a brief operations update. We expect demand to be high for this security, and the overallotment option for $25 Million to be executed. Assuming $90 oil in forward periods, we do not believe Sanchez will need to tap future credit facilities until 2H 2013.
For more information on this brief please visit: SN | Sanchez Energy Corp, Oil Well Data Mixed. Barnhart #15 a 'Monster.'
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