Showing great support. Looking for this to turn up. There is quite a bit of short interest but the triple bottom and the ChiOsc says alot for accumulation in this area. I say the shorts get burned soon but who the hell knows lol.. One things for sure with these bollies squeezing a signif move is near

HK looks ready!

This triple bottom seems solid. I picked up a swing position here lets see what happens

Volume before price ALWAYS! $474 million share traded yesterday. This thing is gonna charge up pennies at time today at some point.

Made some mooola on this pos. I may reload in the low 7 area

CRASH TIME!!!

This stock is a mystery to me. Trades very unpredictably

I might have to buy a few of this little pig tomorrow. She looks to be setting up very nicely for a run

Stay long in the market and you will see LOL!

I agree this crazy house of cards will be a nightmare for people invested long term. 2008 will be nothing compared to whats coming. The only question is when. I'm seeing signs that the market is starting to panic now. There may be hundreds of people going to jail over this. Benanke should be in federal prison now! Purposly destroying the dollar and our kids future. Happening in front of our eyes.. Simply amazing but tragic!

Pharmawire:Rockwell Medical's SFP for iron-deficiency anemia likely to have positive second Phase III trial, score FDA appro
.

"Rockwell Medical’s (NASDAQ:RMTI) soluble ferric pyrophosphate (SFP) is expected to succeed in a second Phase III trial to prevent and treat iron-deficiency anemia patients, three nephrologists said. FDA approval is likely, they added, since the first study indicated the drug is safe and effective for end-stage renal disease patients and the second is anticipated to meet its primary endpointBased on the information reported in the Phase II studies and in the first Phase III trial, CRUISE-1 (NCT01320202), CRUISE-2 should likely report similar positive results, said Dr Richard Glassock, nephrology drug consultant and emeritus professor, Medicine at the Geffen School of Medicine, University of California, Los Angeles.."

"The company expects to report top-line data from the CRUISE-2 study in early-to-mid September, said Chief Medical Officer Raymond Pratt, adding the final patient was last dosed during the week of 15 July. Rockwell expects to file for approval in the US by 1Q14, he added".

"CRUISE-2 should reflect CRUISE-1’s positive results given earlier positive results and since the technology and mechanism of action are pretty straightforward, said a second nephrologist. Unlike current IV iron administration, SFP is administered via dialysate. SFP’s route allows for iron absorption over the infusion time in a dialysis unit rather than in IV bolus administrations that may lead to adverse reactions, he added".

"CRUISE-1 and CRUISE-2 are well-designed studies, Glassock and the second nephrologist agreed. The duration and total patient population (600) allow for clinical and statistical significance, they said".

"The FDA was involved in the Phase III program design and made it very clear that it wanted to see an effect on hemoglobin over the long term rather than on ESA dosage, Pratt explained. The primary endpoint allows a determination of the durability of SFP’s effect, Pratt said; the experts interviewed agreed".

RMTI is on a roll. Bottom was in last week and the trend from now on will be up. Congrats to everyone long on this stock

I absolutely loved what I heard from this CC its amazing this stock is still trading under $5 wow! Won't be for long IMHO

CCGC waking up

CCGC on the move super thin

Nice grab much more upward movement in store here

HK is on the move lately. This company will be a winner. I've been adding shares in the 5 dollar range

HK is on the move lately. This company will be a winner. I've been adding shares in the 5 dollar range

That's not easy to do J I guess I just got lucky haha

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Halcon Resources Provides Utica/Point Pleasant Operational Update







Print


Alert



Halcon Resources Corp. (NYSE:HK)
Intraday Stock Chart

Today : Thursday 23 May 2013
Click Here for more Halcon Resources Corp. Charts.

Halcón Resources Corporation (NYSE:HK) ("Halcón" or the "Company") today provided an operational update specific to its acreage in Northeast Ohio and Northwest Pennsylvania, the Company's core area in the Utica/Point Pleasant play.







The Phillips 1H (90% WI), located in Mercer County, Pennsylvania, tested at a peak rate of 120 barrels of condensate per day and 2.5 million cubic feet of per day of 1,250 BTU natural gas. Based on composition analysis and assuming full ethane recovery, Halcón estimates that the well would produce an additional 240 barrels of NGLs per day for a total peak production rate of 730 Boe/d. This well was drilled to a total measured depth of 12,411 feet, had an effective lateral length of 5,360 feet and was completed with 20 frac stages. Production from the Phillips 1H is currently being placed into a sales pipeline, and the Company expects the well to continue to clean up over time.

The Allam 1H (100% WI), located in Venango County, Pennsylvania, is currently shut-in awaiting infrastructure, and tested at a peak rate of 6.6 million cubic feet of per day of 1,210 BTU natural gas and 22 barrels of condensate per day. Based on composition analysis and assuming full ethane recovery, Halcón estimates that the well would produce an additional 728 barrels of NGLs per day for a total peak production rate of 1,652 Boe/d. This well was drilled to a total measured depth of 14,300 feet, had an effective lateral length of 5,580 feet and was completed with 21 frac stages. The Allam 1H was still recovering load water at the end of the flow test and is expected to continue to clean up once it is opened to pipeline sales.

The Brugler 1H (90% WI), located in Trumbull County, Ohio, started flowing the frac load back on May 13, 2013. Expectations are to tie this well into a sales pipeline in early July 2013. This well was drilled to a total measured depth of 10,959 feet, had an effective lateral length of 3,826 feet and was completed with 16 frac stages.

The Yoder 2H (90% WI), located in Mercer County, Pennsylvania, is currently resting and the Company plans to begin testing this well on May 30, 2013. This well was drilled to a total measured depth of 10,825 feet, had an effective lateral length of 3,810 feet and was completed with 14 frac stages.

The Kibler 1H (100% WI), located in Trumbull County, Ohio, is currently resting. This well was drilled to a total measured depth of 14,257 feet, had an effective lateral length of 6,734 feet and was completed with 26 frac stages.

Halcón continues to delineate its Utica/Point Pleasant acreage position and expects the process to be substantially complete by the fourth quarter of 2013. The Company plans to adhere to a 60 day resting period on all wells throughout the delineation phase. The focus remains on building an inventory of approved/permitted multi-well pads in preparation for a full scale development program.

There are currently three Utica/Point Pleasant wells producing/testing, three wells resting, one well being completed and one well being drilled.

Floyd Wilson, Chairman and Chief Executive Officer, commented, "I am excited with our early stage Utica/Point Pleasant results. Our position in this part of the Utica/Point Pleasant play is highly prospective, in my opinion, and these results further validate our original thesis. We will refine our drilling and completion techniques in an effort to drill longer laterals, lower costs and increase recoveries. Halcón Field Services continues to evaluate infrastructure solutions and will be prepared to act accordingly based on the information we gather throughout our delineation phase."

A graph accompanying this release is available at http://media.globenewswire.com/cache/18320/file/19899.pdf

Forward-Looking Statements

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as "expects", "believes", "intends", "anticipates", "plans", "estimates", "potential", "possible", or "probable" or statements that certain actions, events or results "may", "will", "should", or "could" be taken, occur or be achieved. Additionally, initial production rates, average 30 day production rates and improvements mentioned herein are not necessarily indicative of future production rates or performance. Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, those set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and other filings submitted by the Company to the U.S. Securities and Exchange Commission ("SEC"), copies of which may be obtained from the SEC's website at www.sec.gov or through the Company's website at www.halconresources.com. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof. The Company has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company's expectations.

About Halcón Resources

Halcón Resources Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.
CONTACT: Scott M. Zuehlke
VP, Investor Relations
Halcon Resources
(832) 538-0314

JPM showing record profits but stock is down 1.6% sitting on support. I'm thinking it should bounce before EOD

I dont think that 100ma is gonna hold but we'll see, thats for sure

FB looks dire IMO. Glad I shorted it the other day

NFLX on the move

I understand, just couldn't help pointing those important points out.

The Clinton chart doesn't mention that Republican controlled congress and the fact that they worked together and sucessfully balanced the budget. The GB chart doesnt mention the Dem congress and fighting two wars. Now all the goverment wants to do is fight and let the country get into a massive $16 trillion dollar debt. AIMHO though haha!!

The majic of printing money and buying over priced bonds. Proping up the market for votes. Lookout below!

I'm gonna hang on here. No dillution so hopefully those few retail sellers are gone. Any buying at the ask and the stock should recover rather easily imo

Stock took a beating today with the dillution and a down market. This market is painfully overbought with an idiotic goverment printing money. Huge crash coming in the not so distant future IMO

There's a huge demand for HK shares, its fun to watch the L2. Once these offered shares run out the PPS should run hard. Those shares won't last long.

Yep! PPS holding up so far though haha

Post marked as well! GLTU :)

You can be wise but still wrong and way off base IMO!

CUR wow!!

All due respect sir but I'm glad your not in charge of my buisness or finances for that matter. Scary views you have there Mr. President! I didnt realize you had any other past times other then golf and traveling.

Did you not see what happened in 2008? Country may not default but we are in over 16 trill in debt with no end in sight, this market and economy will crash and crash hard! Mark this post sir :)

I re-read the HK PR after I posted so yeah it was a dumb question haha

So basically this administration will do anything to prop up the market and keep Obama in office. Once the chickens come home to roost from all this corrupt stupidity, this market will crumble to peices IMVHO!! 2008 crash will be nothing compared to this nightmare coming

Co announced the pricing of an underwritten secondary offering of 35,000,000 shares of its common stock offered by EnCap Energy Capital Fund VIII L.P. at $7.00 per share. Halcon will not sell any shares or receive any proceeds from the offering.

Halcon will not sell any shares or receive any proceeds from the offering. ???? OK whats the point of doing a PP then I don't understand this situation?? Any thoughts?

PPHM nice rebound today

Market looks like its about to fall IMO it is way over bought. Not to mention this additional QE when announced is a ticking time bomb. Our goverment are morons haha!!