GEOI Operations Update
Posted: Tue Jan 10, 2012 12:16 pm
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.
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.