Monday, January 31, 2011

Keith Schaefer calls Lynden Energy a "No Brainer"

Keith Schaefer of www.oilandgas-investments.com has called Lynden Energy Corp. a "No Brainer" for 2011. He says that Lynden's Wolfberry project is worth $0.97/share and potentially $7.46/share if they have success with their Mitchell Ranch Project.

Thursday, January 27, 2011

Nice uptick in LVL's price and volume today

Lynden Energy Corp. (LVL) has seen increased volume and an uptick in price the last few days. Cannacord purchased over 70,000 shares just prior to market close. Wolfberry and Wolffork are starting to attract a lot of attention!

Approach Resources Acquires 10,900 Wolffork acres

Approach Resources Inc. announced that it has acquired 10,900 net acres in the Wolffork oil shale play (click here to view the release). Approach Resources has recently highlighted the play during their investor and analyst meetings and attracted the attention of Cannacord Genuity. Cannacord said that "we are very encouraged by the company’s recent Wolffork test results."

This type of attention drawn to the Wolffork and Wolfberry shale plays should benefit Lynden Energy Corp. Lynden is expected to release results from their three new Wolfberry wells shortly.

Wednesday, January 26, 2011

Article promoting Wolfcamp shale play published by Right Side News

An article was published today (click here to view) promoting the Wolfcamp/Wolberry shale play. They say that Approach Resources calls it a "source rock that is world class and says it has mineral composition and lithology similar to the Eagle Ford."

El Paso Exploration compares the Wolfcamp with the Eagle Ford play and says it has twice the net thickness and twice the carbon content. They also say that the carbon content of the Wolfcamp is about 60% of the Bakken but has thickness that is multiples of the Bakken.

This is a good article that briefly summarizes many of the companies exploring the Wolfcamp/Wolfberry shale play.

Friday, January 7, 2011

SandRidge Energy announces closing of its Wolfberry and asset sale for $155M

SandRidge Energy, Inc. announced today that it has closed the sale of its Wolfberry assets in the Permian Basin. They received cash proceeds of $155M for their properties producing 1,600 Boe/d and having 2.37 MMBoe of proved reserves.

Sunday, January 2, 2011

Legacy closes on purchase and says Wolfberry drilling is meeting or exceeding expectations

Legacy Reserves LP announced that they have closed their previously announced acquistion of properties in the Permian Basin (click here to see the release). They also state that "the company's drilling in the Wolfberry play in the Midland area has produced results meeting or exceeding our expectations."