MHR up .80 to 5.47 !!!!!!
Magnum Hunter Resources Raises Production Guidance
2011 Production Exit Rate to Exceed 12,500 Boe per Day
Magnum Hunter Resources Corp.Magnum Hunter Resources Corpora
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HOUSTON, TX--(Marketwire -12/27/11)- Magnum Hunter Resources Corporation (NYSE: MHR - News) (AMEX: MHR-PC - News) (AMEX: MHR-PrD) (the "Company" or "Magnum Hunter") announced today that it has raised the Company's production guidance for 2011 and 2012 due to higher production levels being experienced from new well completions.
The Company's three operating divisions are currently producing at a combined production base in excess of 12,500 Boe per day, significantly above previous company guidance of 10,000 Boe per day as a projected 2011 exit rate. This represents a 455% increase from our daily production rate of 2,750 Boe per day at the beginning of this year.
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