Enerplus reports increase in contingent resource estimate, drilling inventory


Enerplus (ERF +1%) a reaches 52-week high after reporting a 250% increase in contingent resources to 136M boe at June 1 from 38M boe at Dec. 31, largely due to a 50% increase in its estimate of original oil in place which includes contributions from the Bakken and Three Forks formations.

The result of the revised contingent resource assessment, ERF says its estimate of future drilling locations is more than 125% higher and now estimates ~330 future net drilling locations, up from 145 previously.

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Comments (4)
  • jimchaney
    , contributor
    Comments (21) | Send Message
     
    Nice monthly dividend too....
    18 Jun 2014, 12:55 PM Reply Like
  • gchaput
    , contributor
    Comments (139) | Send Message
     
    ERF remains a great buy.
    18 Jun 2014, 01:52 PM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (11669) | Send Message
     
    Yes it is, please keep an eye out for an article by me which should be published soon. Let's see....who was that company that recently downgraded ERF? Hmm....
    18 Jun 2014, 05:12 PM Reply Like
  • Tom in Texas
    , contributor
    Comments (386) | Send Message
     
    "Nice monthly dividend too...."

     

    Was even nicer before they cut it in half.
    Still long, but slowly selling.
    18 Jun 2014, 08:34 PM Reply Like
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