Emerald Oil sells non-operated acreage, raises production guidance

Emerald Oil (EOX) +3.4% AH after announcing the sale of its non-operated Williston Basin acreage in two transactions for ~$113M.

EOX raises Q3 and 2013 exit rate production guidance on its remaining properties based on encouraging results from its recently drilled operated wells.

Also, EOX recently completed its fifth and sixth operated Bakken wells; one produced an average of 818 boe/day through its first 30 days of production, and the other produced 782 boe/day in its first 30 days.

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