GeoResources (GEOI) is making progress in the Bakken, Eagle Ford and now the Austin Chalk.
http://finance.yahoo.com/news/GeoResour ... 1.html?x=0
Company Guidance is for 6,500 to 7,500 boepd production in 2012. At the midpoint that is more than 30% year-over-year production growth. I am expecting most of this growth to be liquids. Oil + NGL production should be up more than 50%.
I'm most excited by what GEOI has in Texas with the Eagle Ford and Austin Chalk. I'm expecting both of those projects to accelerate in the 2nd half of 2012.
GEOI Operations Update
GEOI Operations Update
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group