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Black Ridge's Bakken Ops Ramp Up 2014 Production

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Black Ridge's Bakken Ops Ramp Up 2014 Production

Black Ridge Oil & Gas, Inc. reported a production and operations update for the quarter and year ended December 31, 2014.

Production Update

Black Ridge expects to report fourth quarter 2014 daily production of approximately 1,190 barrels of oil equivalent (Boe) per day.  This represents an increase of 232% compared to the fourth quarter of 2013 and a 56% sequential increase from the third quarter 2014.

Total production for 2014 was approximately 292,000 barrels of oil equivalent, an increase of approximately 168% compared to 2013.

Liquidity Update

As of December 31, 2014, the Company's liquidity was approximately $12.5 million, consisting of cash on hand plus undrawn capacity on its senior secured reserve based lending facility.  The Company expects to fund 2015 development from cash…

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