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OilStockReport

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OilStockReport

Re: futrcash post# 40

Thursday, 06/02/2011 5:06:37 PM

Thursday, June 02, 2011 5:06:37 PM

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I expect continued growth and value here:

In 2012, it estimates 12 wells will be drilled and completed. 75 potential operated locations on 640 acre spacing are planned in Stark county. An EUR of 250-500 MBOE per well is expected. On April 21st of 2011, MDU announced a five year $2.1 billion investment to develop and produce oil and natural gas properties. This will be spent on other areas as well as the Bakken. MDU also announced lower production due to bad Bakken weather.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.

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