Sunday, July 21, 2013 11:17:44 AM
On BEXP. They got their whole value based on their lucky positioning in the Baaken Play in the Williston basin. Their wells were very deep, cost in excess of $14 million each and came in between 500 and 1800 barrels a day. Plus their oil was priced along the line of WTI, not the higher priced Brent as Cooper oil is. Due to the high cost of drilling those deep wells, they also had partners. If I remember right, their share net was barely above 50% with a net acreage position at the time of buyout in the 25 thousand acres, or just a small fraction of HENC's.
Recent HENC News
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 11:04:16 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/16/2023 11:02:27 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 08:06:44 PM
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