2012 - Fully fund drilling program 2012 -27 net wells, EBITDAX % target of 65-70%
Williston - 2 rigs for S Antelope and 2 rigs in Phoniex currently drilling, 40% outperformance of avg type curve potential to increase reserves
Anadarko Basin (Missi.) - 22,000 acres leased at $250 per acre, target 40,000 in 2012 and another 40,000 in 2013. 4-6 Gross operated wells for second half of 2012 and 1-2 non operated with large JV partners (DVN and others). Leon on production testing other one drilling. 2 rigs to operate after appraisal results
Wattenberg - 4 new wells drilling (Lamb Wells I think) + 10 permits pending. Horizontal program for 2013 - think Noble been getting good results here as Horizontals
DJ Horizontal - 2-3 additional gross wells in 2012 in around Breeden, Noble limited development until 2013
Target in 24 months > 5,000 BOPED
SEA Price at posting:
58.5¢ Sentiment: None Disclosure: Held
