This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lone Pine Resources Announces Financial And Operations Update, Second Half 2011 Guidance And Executive Appointments

During the first half of 2011, the Company instituted an enhanced fracture stimulation program at its Evi property. Results from the first 11 wells completed prior to spring break-up in 2011 under this new program had average peak initial production rates of 305 Bbls/d per well. Through the expansion of frac stages from six to ten in 2011, peak initial production rates have improved by over 65% as compared to the 2010 program. Based on the results achieved in the play through the expansion of fracture stages to date, the Company intends to further increase the number of fracture stages later in 2011. The following table summarizes the Slave Point horizontal results achieved to date:


Peak IP OilRate (Bbls/d)

30 Day Avg OilRate (Bbls/d)

60 Day Avg OilRate (Bbls/d)

FractureStages /well
2010 184 123 115 6
2011 305 206 183 10

Deep Basin – Nikanassin Resource Play

Lone Pine holds approximately 205,700 gross and 128,800 net acres in the Nikanassin resource play. This area provides access to a minimum of ten different stacked-pay producing intervals, all of which can be completed with production commingled in a single well bore.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 0.00%
FB $99.54 0.00%
GOOG $678.11 0.00%
TSLA $148.25 0.00%
YHOO $26.82 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs