RE: RE: Partnership with RRX 2012 Guidance - April through December 2012
The Board of Directors of Raging River has approved a 2012 capital budget for the remaining three quarters of 2012 of $45 million. The current budget contemplates $38 million of expenditures to drill and bring on stream an additional 40 net horizontal oil wells in the Dodsland area. The remaining $7 million of expenditures are allocated towards land, seismic and facilities. The approved budget does not contemplate acquisitions, however Raging River continues to evaluate acquisition opportunities within and beyond our current core area.
From RRX's news release today. Paradigem are still buying everyday. Sold all of my dogs and have overloaded on VCA, now i wait to see if i;m right.