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 >
EXXI: FY10 Select Preliminary Numbers
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STEPHEN BERMAN, Pritchard Capital Partners LLC
(08/10/2010)
"June quarter production of 25.3 MBoe/d is ahead of our 23.5 MBoe/d estimate. EBITDA/Revenue are $79MM/$139MM vs. our $82mm/$132.3MM. The company will release final results on Sept. 7. Proved reserves of 75.6 MMBoe (63% oil, 70% developed) compare to 76.1 MMBoe of pro-forma reserve for the December 09 MITSY ($278.40-NR) acquisition and are in line with our estimate. PV-10 value is $1.85 billion. Estimated probable reserves are 16.5 MMBoe and possible reserves 12 MMBoe. In addition, Netherland, Sewell estimated the Davy Jones discovery contains 841 MMBoe gross/104 MMBoe net of contingent resource. Additional data or a flow test of the well may be required before the contingent resources can be moved to the proved, probable or possible reserves, and future drilling activity could add significantly to the discovery's size. . .We continue to like EXXI for its consistent cash generation, solid base of shallow water, oil-focused core assets and upside from the ultra-deep (also shallow water)." |
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More Experts
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