OEDV

[Laurin_DE]

Dan,
did you talk to the company recently?
WHEN should we expect news on their completions and drilling?
Thanks!

Laurin

[dan_s]

When they release first quarter results next week. They have to release Q1 actuals by 5/15.
I doubt they will have results on the Woodford test well, which is the most important. They should have something on the first operated Mississippian well.

[gjames]

http://finance.yahoo.com/news/osages-fi ... 00003.html

and the share price dips on this news............amazing.

[setliff]

Osage Exploration and Development Announces First Quarter Financial and Operational Results
Business Wire

SAN DIEGO--(BUSINESS WIRE)--

Osage Exploration and Development, Inc. (OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, reported today its operational and financial results for the quarter ended March 31, 2014. The full text of the Company’s Form 10-Q is available on the SEC EDGAR system or on Osage’s website: http://www.osageexploration.com. Highlights include:
• Production of 37,063 barrels of oil equivalent, 123% higher than the period ended March 31, 2013;
• Revenue from continuing operations of $2.6 million, a 118% increase over the prior year;
• Adjusted EBITDA of $1.38 million, up 145% over the first quarter of 2013; and,
• Commencement of the Company’s operated drilling program in Logan County

complete report here---

http://finance.yahoo.com/news/osage-exp ... 00680.html

[dan_s]

“We are pleased with our operational and financial results during a quarter in which we added production from small interests in two wells,” stated Mr. Kim Bradford, Chairman and CEO of Osage Exploration. “When we achieved the asset partition in December of 2013 giving Osage operational control of a majority of its acreage in Logan County, we understood then that all eyes would be appropriately focused on the results of our first operated wells. Both wells are scheduled for fracture stimulation toward the end of May, and we anticipate results from those wells thereafter, followed by results from our third and fourth wells.”

Mr. Bradford continued, “Our confidence in the quality of this asset has only increased with the availability of new data, and we maintain our belief that the period beginning in the second half of this year is going to be one of rapid growth and positive change for Osage.”

There is not much else to say about this small-cap until we get results of these first two wells. This year's five well program is "make or break it" for Osage. They must get solid production and proven reserve growth to get out from under the high cost debt. - Dan

[gjames]

Something brewing on this one..........nice volume yesterday and today.

[mikelp]

wow, something maybe brewing here..... talk about a pretty chart for OEDV, long base building.... and now movement to the upside.

[dan_s]

Osage is definitely HIGH RISK / HIGH REWARD. The five operated wells they are drilling this summer will make or break the company.

For those of you that like this kind of thing, I am keeping a close eye on Diversified Resources (DDRI). They hosted a luncheons for us a couple months ago and I like the team and the area they are working in.

[llm_cfp]

look like osage recently drilled the 2 news wells in the section below their initial monster well a few years ago...the commented the net pay increases as the play goes south..looking at sundances results there IP's are all over the place......after reaching TD 30 days ago..there should have been some results...Slawson is still drilling out there;so is devon and a few others...how do you think Osage will fair? If they can get 500 boe/day per well they will trade great

[dan_s]

They probably won't say anything until they report Q2 results in August. What I want to know is if the Woodford shale is productive under their acreage.

THIS ONE IS VERY HIGH RISK, so only invest what you can afford to loose.