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Antero Resources Corp T.AR


Primary Symbol: AR

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.


NYSE:AR - Post by User

Comment by ARGONAUTGOLDon Sep 23, 2023 10:59pm
160 Views
Post# 35651024

RE:2023 Magino reserve expansion program

RE:2023 Magino reserve expansion program

The company released on September 06 2022, "To date the company has drilled over 130,000 meters to establish the resource continuity of the mineralized system."

 

The company also released drill results on September 06, 2022 which included Measure and Indicated Resources of 4.019 Moz and Proven & Probable Reserves of 2.427 Moz.

 

The company is currently drilling 63,000m in the Elbow and Central zones(gold grades ranging from 6.0 g/t to 7.0 g/t for 400,000 to 500,000 contained gold ounces), and an additional 12,000m presumably in the South and Scotland zones(high-grade gold targets and exploration targets). That is a total of 75,000m of drilling or ~57% of the total drilling conducted at Magino before September 06, 2022, and the company is now targeting zones that contain high-grade gold which will accentuate the results.


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