Tuesday, March 1, 2011

Approach Resources announces update on Wolffork

Approach Resources released their 2010 reserves and an update on the Wolffork today. They are encouraged by their Wolffork wells. Their average IP’s from vertical wells in the Wolfberry are 50 Boe/d to 75 Boe/d. Approach has seen an almost 500% increase in their stock price in the past year mainly attributable to their success in the Wolfcamp shale.

Lynden Energy's Wolfberry wells are getting much better results than this and demonstrate the quality of their land and ability of their operator to successfully complete Wolfberry wells.

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