Evolution Petroleum: I have updated my Net Income & Cash Flow Forecast model and posted it under the Watch List Tab.
After listening to their presentation today at InvestFest, I think EPM will retire their pfd stock shortly after the Delhi Field reaches payout. Delhi is operated by Denbury Resources and I expect it to reach payout in Sept..
I also think the company will be an extremely attractive Takeover Target by year-end.
EPM
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wilmawatts
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Re: EPM
Conf call Wednesday on earnings.
Expect record revenues, record EPS, and an update on the Delhi Field reversion and the Miss Lime prospect.
Exciting times for the company
Expect record revenues, record EPS, and an update on the Delhi Field reversion and the Miss Lime prospect.
Exciting times for the company
Re: EPM
IMO the market has yet to grasp the full impact of what the Delhi Field reaching payout this early means to EPM. Their revenues and free cash flow will go through the roof. One of the first things I expect them to do is call their pfd stock. If you hold the EPM-PA I recommend selling it ASAP. It will be called at par ($25).
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
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wilmawatts
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Re: EPM
The attractiveness will become apparent very soon my friend 
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wilmawatts
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Re: EPM
CRAIG MCPHERSON, SVP, COO, DENBURY RESOURCES INC : Thank you, Mark. Our core tertiary business started 2013 on a very strong note. Tertiary oil production was 39,057 barrels per day during the first quarter. That's an increase of 4% of the prior-quarter levels. There were several key fields that had material impacts on our record level of tertiary production in the first quarter which I'll comment on.
So let's start with Delhi. Delhi's production was up 11% from fourth quarter levels as we saw a strong production response from the newest phase of that field. We expect production growth throughout 2013, albeit at a slower rate, at Delhi until [the reversed hard] interest is reached in the second half of the year. At that point, we estimate that our net revenue interest decreases, from approximately the mid-70% range to the mid-50% range. As we previously outlined, we expect this to reduce production in the range of 1,000 to 1,500 barrels per day which we currently expect to occur around the end of the third quarter of 2013.
So let's start with Delhi. Delhi's production was up 11% from fourth quarter levels as we saw a strong production response from the newest phase of that field. We expect production growth throughout 2013, albeit at a slower rate, at Delhi until [the reversed hard] interest is reached in the second half of the year. At that point, we estimate that our net revenue interest decreases, from approximately the mid-70% range to the mid-50% range. As we previously outlined, we expect this to reduce production in the range of 1,000 to 1,500 barrels per day which we currently expect to occur around the end of the third quarter of 2013.
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wilmawatts
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Re: EPM
Great report today, and conference call
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wilmawatts
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- Joined: Fri Apr 01, 2011 10:12 am
Re: EPM
shares downgraded today by someone (not Dan)
still looks very good
still looks very good