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Re: rdwild post# 379

Monday, 10/12/2009 10:50:46 PM

Monday, October 12, 2009 10:50:46 PM

Post# of 442
rd i agree and am already averaging down. hey iam from new iberia louisiana and have friends with haliburton thaat says hali is lending money to epl. i had epl in chap 11 theyemerged and i mad money. check it out, epl is going to redo 10 wells in 2010. i'll let u knoe what i find.

Energy Partners establishes its first hedging program A4:19 PM ET 10/8/09 | Briefing.com
Co announces that it has established its first hedging program following its emergence from Chapter 11 bankruptcy proceedings with the purchase of crude oil floors and the placement of swap contracts that cover the period from October 2009 to December 2011. The volumes hedged in the fourth quarter of 2009 average approximately 2,788 barrels of oil (bbl) per day, representing approximately 58% to 70% of that quarter's estimated oil production. The majority of the volume hedged in the fourth quarter 2009 is in the form of puts with a floor of $60/bbl. For full year 2010 and 2011, the total volume hedged averages approximately 2,722 bbls per day, of which the majority is comprised of swaps with an average NYMEX price of $70.02/bbl.