According to the corporate presentation released in July, the company is projecting capital expenditures of $8,609,381,250 on the development of the Herkimer, Marcellus and Utica shales with an internal rate of return of 62%.
Not sure that we have seen the bottom yet, as the company is unable to develop these assets until 2012 because of the NYGEIS restrictions.
Shareholders As of August 19, 2011 NAME HOLDING PERCENTAGE COUNTRY 1 GOLDMAN SACHS 47,124,382 6.34% GBR 2 ODIN OFFSHORE 27,500,000 3.70% NOR 3 UBS AG, LONDON BRANC S/A 24,599,748 3.31% GBR 4 DNB NOR SMB VPF 19,720,736 2.65% NOR 5 EUROCLEAR BANK S.A. 18,610,094 2.50% BEL 6 NORDNET BANK AB 14,480,050 1.95% SWE 7 MP PENSJON 12,689,600 1.71% NOR 8 BJARTE BRUHEIM 12,000,000 1.61% NOR 9 BANK OF NEW YORK MEL BNY 11,691,885 1.57% DEU 10 JEFFERIES & CO 11,115,000 1.50% USA 11 SAF INVEST AS 10,000,000 1.35% NOR 12 KLP AKSJE NORGE VPF 9,699,900 1.31% NOR 13 JP MORGAN CHASE BANK S/A 9,471,599 1.27% GBR 14 BANK OF NEW YORK MEL TREATY 8,002,000 1.08% GBR 15 WESTCAP A/S 7,600,000 1.02% NOR 16 HSBC BANK PLC 7,530,238 1.01% GBR 17 KOMMUNAL LANDSPENSJONSKASSE 7,346,610 0.99% NOR 18 SKANDINAVISKA ENSKILDA 7,258,578 0.98% LUX 19 JAN HENRY FARSTAD 7,067,716 0.95% NOR 20 MORGAN STANELY & CO S/A 7,063,787 0.95% GBR
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