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OilStockReport

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OilStockReport

Re: illegal_alias post# 52

Friday, 07/15/2011 4:19:23 PM

Friday, July 15, 2011 4:19:23 PM

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Nice play for the Bakken.

Voyager Oil and Gas (VOG) has been beaten up recently based on its affiliation with Northern Oil and Gas (NOG). It has 28,000 net acres in the Williston Basin and is actively acquiring more. It plans to participate in six net Bakken/Three Forks wells this year and 10 next year. Some of Voyager's current partners here are:

EOG Resources (EOG)
Oasis (OAS)
Brigham (BEXP)
Slawson
Voyager estimates its NAV is $12 million/well. It will continue to add acreage for approximately $1,500/acre. This company has been taken to the wood shed over issues related to another company, but I do not believe any of the assertions made have any direct ramifications. I think Voyager is a value at this level.

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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