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Legacy Sees 100% Well Success Rate; Details Bakken Ops
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Legacy Oil + Gas Inc. has detailed its 2012 year-end reserves and provide an operational update.
The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2012 .
Highlights 2012 total proved plus probable finding, development and acquisitions costs (including changes in future development costs) were $22.72 per Boe Generated a recycle ratio of 2.0 times based on estimated 2012 average netbacks of $44.41 per Boe Total proved plus probable reserves grew to 94.2 MMBoe (84 percent oil and NGL's) at year end 2012 from 88.0 MMBoe (84 percent oil and NGL's) at year end 2011, net of 2012 production of 6.0 MMBoe Total proved reserves grew to 55.4 MMBoe at year end 2012 from 52.4 MMBoe at year end 2011 2012…- ✓ Full news archive — U.S., Canada & international coverage
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