Mission & Profile
Mission
To increase the NAV per share of the company and to create sustainable and profitable per share growth in reserves, production and cashflow through focused acquisitions and development and exploratory drilling.
Operating Characteristics
- Q3/11 production of 2,957 boe/d(1) (75% gas)
- Current production of approximately 3,400 boe/d
- Proved reserves of 6,369 mboe(2)
- Proved plus probable reserves of 14,903 mboe(2)
- RLI(3): Proven of 5.1 years; Proven + probable of 12 years
- In excess of 129,000 net acres of undeveloped land
- Tax pools in excess of $200 million
(1) All boe figures are calculated on a 6mcf:1bbl basis.
(2) Total Company Interest Reserves based on December 31, 2010 independent reserves evaluations by GLJ Petroleum Consultants, these reserves include royalty interest volumes. Working Interest reserves are 6,167 mboe for proved reserves and 14,650 for proved plus probable reserves.
(3) Based on current production of approximately 3,400 boe/d and Total Company Interest Reserves.