- 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.