Compton reports year-end 2009 results
Compton Petroleum Corporation (TSX – CMT, NYSE – CMZ) reports its financial and operating results for the year ended December 31, 2009. The Corporation’s 2009 reserves evaluation results are provided on a separate release, disseminated to the market today.
The full text of Management’s Discussion and Analysis (“MD&A”) and the Corporation’s audited consolidated financial statements can be found on the Corporation’s website at www.comptonpetroleum.com and at www.sedar.com. [Read the full article]
Atlas Energy, Inc. (NASDAQ:ATLS – News) (“Atlas” or “the Company”) reported today that it has identified over 3,150 horizontal Marcellus Shale drilling locations on its acreage and estimates that the incremental net recoverable reserves from these locations are 13 trillion cubic feet equivalents (“Tcfe”). These figures assume 1,000 foot spacing between lateral well bores. Down spacing could result in additional horizontal locations and reserve potential. The Company reserve report includes 73 Marcellus Shale horizontal locations as proved undeveloped.
Atlas also announced that its year end 2009 proved reserves totaled 1.02 Tcfe, driven by 34% growth in Appalachia reserves, reflecting the Company continued development of its acreage position in the Marcellus Shale in southwestern Pennsylvania. [Read the full article]
Atlas Energy, Inc. (NASDAQ: ATLS – News) (“Atlas” or “the Company”) today reported operating and financial results for the fourth quarter and full year 2009.
The five most recent horizontal Marcellus Shale wells turned into line before the end of the fourth quarter were assigned proved reserves that averaged 5.6 billion cubic feet (“Bcfe”) per well by the Company third-party reserve engineer. [Read the full article]