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Monday, November 07, 2011 11:12:26 PM
Kodiak (KOG) is also a pure Bakken player. It has 93,500 net acres. Kodiak has four operated rigs in the play and plans a fifth in the fourth quarter of this year.
It also has two non-operated rigs. Kodiak has a $230 million 2011 capital program. This will fund 26 net wells with 21 net wells operated. Kodiak projects its long lateral Bakken wells will have EURs of 650 MBoe to 850 MBoe.
These estimates are higher than competitors, but its two recent wells could be to the high end of its projections.
This is not a securities offer or any kind of investment advice. You can lose all your money investing in stocks.
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