The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
Atlas: Holding Down the Fort
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AMIR ARIF, Stifel Nicolaus
(02/10/2010)
"Within the core part of the Marcellus play (the key asset for the company's 3P NAV), the company holds about 260,000-300,000 net acres. About 50% of this core acreage is held by production and the remainder needing to be drilled over the coming few years. The company believes that it can manage these upcoming lease terms from a combination of (1) drilling Marcellus wells (2 rig program currently), (2) drilling shallow wells if need be (no puke clauses on most of its leases), (3) extending current leases. Additionally, based on a conversation with the company, Atlas states that it does have forced pooling rights built into the majority of its lease clauses allowing it to drill less wells to hold a similar amount of acreage relative to what other company's in the area would have to drill to hold the same amount of acreage." |
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More Experts
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