Replies to post #59 on Emerald Oil, Inc. (EOXLQ)

[BottomBounce]

The MACD is way up. BULLISH EOX

[BottomBounce]

2013 Emerald Oil 2600 barrels a day by end of yr projected = 915,300 barrels of Oil Yr x $101 a barrel = $92,435,200 est. << NICE!!

[BottomBounce]

EOX Emerald Oil has acreage positions in the Heath Shale and the Sandwash Niobrara, but its main asset is 48,100 net acres in the Bakken. Emerald also exited the second quarter with 938 Boepd in production from the Bakken. Recent transactions in the Bakken have valued a flowing barrel of oil at $60,000. To be conservative, this analysis will use $50,000 as the value of a daily flowing barrel of Bakken oil equivalents. When Emerald's production is netted out with a valuation of $47 million, Emerald has a remaining enterprise value of $83 million. Emerald's Bakken acreage is being valued by the stock market at $1,725 per net acre after netting out production.

[Timothy Smith]

EUR Revision could drive future upside: The recent operated completions by the company have demonstrated EURs that are trending above its estimated 600mboe type curve.

With additional results, the company could look to revise its type curve upwards to as high as 750mboe per well. This revision could be a driver of value moving forward if the well performance continues to prove repeatable.

Costs will remain a key focus of investors going forward: Higher than expected LOE and G&A costs were a key driver of the 2Q13 miss.

As production ramps up over the coming quarters, it is my expectation that these costs should substantially decrease on a per unit basis.

As part of proving it can be a successful long term operator, Emerald will need to demonstrate this cost control moving forward.

The full two rig program begins to ramp: The next six to nine months will prove crucial for Emerald as the company’s two rig program hits its full stride.

If operations continue smoothly, production should begin to substantially increase.

The challenge will be balancing the increasing work load and being able to quickly overcome any unforeseen challenges.