EXPM:EGRGF - Post by User
Post by
pemvestlgon Feb 27, 2014 1:05pm
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Post# 22259466
EGL.UN-Property next door to "-Pioneer Resource PXD "
EGL.UN-Property next door to "-Pioneer Resource PXD "Horizontal drilling in the Spraberry/Wolfcamp play contributed 72 MMBOE of proved reserve additions during 2013, or 50% of the Company’s total proved reserve additions during the year. Based on current horizontal drilling plans, the Company expects to collect additional production and well control data during the next few years as it increases drilling activity to support the addition of more than 600 MMBOE of incremental horizontal proved developed (PD) and PUD reserves by the end of 2016.( PIONEER News Feb 10,2014 )
Richard Clark-Sedar dec 18,2013 mentioned they are monitoring these developments and EGL.UN is well positioned in the permian to add value to shareholders.
Good to see big players next door to EGL.UN have success with horizontal drilling.
Now i like EGL.UN for a future growth story,huge reserves to tap into.