copied from Keith Shaeffer's article about Artisan Energy (yesterday, link still at homepage):
They took a junior from 60 boe/d to 1,000 boe/d before selling it for $65 million. This property is still producing for Longview Oil. The other company had three pools developed at Chip Lake and sold for $340 million—Chip Lake was about a third of that company, and that property is still producing for Daylight/Sinopec.
With all that experience—and success—management went back to Chip Lake and established a good land position right next door to their Big Wins.
Read more at https://www.stockhouse.com/opinion/independent-reports/2013/11/20/this-is-what-a-perfect-junior-looks-like-(v-aec)#RqBRcKl6ZLrVKzRx.99
>CEO Rick Ironside and COO Rick Young have had a lot of successes in this area, discovering three pools and developing a fourth with different companies—and both got sold. That is really important for me—I want to see a team that has built and sold a junior before.
They took a junior from 60 boe/d to 1,000 boe/d before selling it for $65 million. This property is still producing for Longview Oil. The other company had three pools developed at Chip Lake and sold for $340 million—Chip Lake was about a third of that company, and that property is still producing for Daylight/Sinopec.
With all that experience—and success—management went back to Chip Lake and established a good land position right next door to their Big Wins.
Read more at https://www.stockhouse.com/opinion/independent-reports/2013/11/20/this-is-what-a-perfect-junior-looks-like-(v-aec)#RqBRcKl6ZLrVKzRx.99<
CEO Rick Ironside and COO Rick Young have had a lot of successes in this area, discovering three pools and developing a fourth with different companies—and both got sold. That is really important for me—I want to see a team that has built and sold a junior before.
They took a junior from 60 boe/d to 1,000 boe/d before selling it for $65 million. This property is still producing for Longview Oil. The other company had three pools developed at Chip Lake and sold for $340 million—Chip Lake was about a third of that company, and that property is still producing for Daylight/Sinopec.
With all that experience—and success—management went back to Chip Lake and established a good land position right next door to their Big Wins.
Read more at https://www.stockhouse.com/opinion/independent-reports/2013/11/20/this-is-what-a-perfect-junior-looks-like-(v-aec)#RqBRcKl6ZLrVKzRx.99 CEO Rick Ironside and COO Rick Young have had a lot of successes in this area, discovering three pools and developing a fourth with different companies—and both got sold. That is really important for me—I want to see a team that has built and sold a junior before.
They took a junior from 60 boe/d to 1,000 boe/d before selling it for $65 million. This property is still producing for Longview Oil. The other company had three pools developed at Chip Lake and sold for $340 million—Chip Lake was about a third of that company, and that property is still producing for Daylight/Sinopec.
With all that experience—and success—management went back to Chip Lake and established a good land position right next door to their Big Wins.
Read more at https://www.stockhouse.com/opinion/independent-reports/2013/11/20/this-is-what-a-perfect-junior-looks-like-(v-aec)#RqBRcKl6ZLrVKzRx.99