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Halcon Resources (HK -4.1%) forecasts 2012 production to more than double, rising to 9K-11K...

Halcon Resources (HK -4.1%) forecasts 2012 production to more than double, rising to 9K-11K boe/day from 4,121 boe/day last year, thanks to recent acquisitions in liquids-rich shale acreages. HK also expects Q2 production of 3.9K-4K boe/day.
Comments (1)
  • crainman
    , contributor
    Comments (2) | Send Message
     
    Floyd is a master in building companies from nothing to become multi Billion dollar entities. He is good at what he does and knows how to create value for his share holders. I just buy anything he is in and I have been rewarded in the past and will be rewarded with Halcon as well. I think he knows where the oil is and since he can not lease in the area where BHP is, he is looking north the a very liquid rich area. I think the area by Grimes and Brazos has multi pay zones from Austin and below, Georesources knew that and now he knows and likes what he sees. In my opinion he is positioning himself to own a large positioning an add to the Georesources acreage.
    25 Jun 2012, 02:14 PM Reply Like
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