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EV Energy (EVEP +4.9%) jumps on production results for its Utica Shale wells. The Cairns 5H...

EV Energy (EVEP +4.9%) jumps on production results for its Utica Shale wells. The Cairns 5H well flow tested at a 24-hour rate of 1,690 boe/day, while the Frank 2H well produced into sales at an unassisted 24-hour rate of 870 boe/day.
Comments (1)
  • mfm304
    , contributor
    Comment (1) | Send Message
     
    this unexpectedly high flow rate should lift the price target from $70-$74 back up closer to $90/share.
    21 Aug 2012, 03:57 PM Reply Like
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