OUTLOOK“We continue to generate momentum through our oil and gas strategic initiatives to increase exploration, production and reserves. Drilling activity in East Texas and Louisiana is focused on oil and natural gas liquids principally related to the Austin Chalk and Wilcox formations. Going forward, the acquisition of CREDO Petroleum Corporation is expected to double production and reserves, provide meaningful ownership in strategic oil and gas basins and further enhance transparency and disclosure. This acquisition will create a meaningful oil and gas platform well positioned to maximize shareholder value going forward.
Forestar Group Inc. Reports Second Quarter 2012 Results
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