Excelerate Energy Inc T.EE.DB

Primary Symbol: EE

Energy Oil & Gas Midstream

Excelerate Energy, Inc. is a liquefied natural gas (LNG) company. The Company offers a full range of flexible regasification services from floating storage and regasification units (FSRUs) to infrastructure development, to LNG and natural gas supply. The Company operates a fleet of ten purpose-built FSRUs, have completed more than 2,700 ship-to-ship (STS) transfers of LNG with over 50 LNG operators and delivered more than 6,600 billion cubic feet of natural gas through 16 LNG regasification terminals. In addition to standard LNG carrier functionality, its purpose-built FSRUs have the onboard capability to vaporize LNG and deliver natural gas through specially designed offshore and near-shore receiving facilities. Its business spans the globe, with regional offices in approximately 10 countries and operations in the Argentina, Bangladesh, Brazil, Finland, Pakistan, the United Arab Emirates (UAE), and the United States.

NYSE:EE - Post by User

Excelerate Energy Inc

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Post by freedom045on May 16, 2011 12:10pm

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Post# 18581993

News Out!

News is good!

- Increased Netbacks 46%
- Increased production
- payable royalties reduced
- Earnings per share triple over same quarter last years
- Added new land
- reduced debt by approx $5MM from Q4 - December 31, 2010

Going forward:
-Guaranteed production growth from the new wells coming on and from the retirement of the overproduction and from optimization
-plans to drill fourteen wellsthrough the balance of 2011. This is an increase of seven wells fromthe previous budget for a total of 18 for the year.
-The target exit rate remains 3,000 BOEPD.

This looks good going forward, but we all know the market is never happy about anything.

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