Kim Bradford, President and CEO of Osage (OTCBB: OEDV), Discusses the Company's Net Acreage Expansion and How the Mississippi...
19 Outubro 2011 - 11:00AM
Marketwired
Investorideas.com, a leader in sector research including oil and
gas stocks, issues a recent exclusive interview with Kim Bradford,
President and CEO of Osage Exploration and Development, Inc.
(OTCBB: OEDV), discussing the Company's recent expansion to 15,000
net acres in the Nemaha Ridge, Oklahoma horizontal Mississippian
play.
Q: Investorideas.com The Mississippian
formation play is heating up in terms of new entrants. Recently
PetroQuest Energy announced they had closed its Mississippian Lime
acquisition of 28,250 acres for an adjusted purchase price of
$24,100,000. Can you share with investors what you are seeing in
terms of growing interest from the majors and why?
A: Kim Bradford, President and CEO of Osage
Exploration and Development, Inc.
All of the major Oklahoma based publicly traded oil and gas
exploration companies have been involved in developing horizontal
Mississippian projects. SandRidge Energy, Chesapeake Energy
Corporation, Devon Energy Corporation, Range Resources, Continental
Resources, as well as many privately owned Oklahoma based companies
are involved in the play. PetroQuest joins the growing list of
non-Oklahoma based companies acquiring horizontal Mississippian
projects. What I believe we are seeing is a similar sort of
phenomenon like we have witnessed in the Marcellus shale play, the
Haynesville shale play, and others which is that companies feel
that they have to be exposed to this play. Strategically, the
bigger oil companies cannot afford to miss a domestic opportunity
with great economics, unless it is truly outside their area of
focus or expertise. It is fair to say that almost every significant
oil company in America has access and expertise in the
Mid-Continent, so we are seeing a groundswell in the number of
companies endorsing the horizontal Mississippian in Oklahoma.
To read the full interview follow this link:
http://www.investorideas.com/CO/OEDV/news/2011/10181.asp
About Osage Exploration and Development,
Inc.
Based in San Diego, California with production offices in
Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia,
Osage Exploration and Development, Inc. is an independent
exploration and production company with interests in oil and gas
wells and prospects in the US and Colombia.
www.osageexploration.com
Safe Harbor Statement The information in this release includes
certain forward-looking statements as defined by the Securities and
Exchange Commission that are based on assumptions that in the
future may prove not to have been accurate. Those statements and
Osage Exploration and Development, Inc. are subject to a number of
risks, including production variances from expectations, volatility
of product prices, inability to raise sufficient capital to fund
its operations, environmental risks, competition, government
regulation, and the ability of the Company to execute its business
strategy, among others.
Contact: Osage Exploration and Development, Inc. Kim Bradford,
President and CEO Phone: 619-677-3956
kbradford@osageexploration.com
Osage Exploration and Development, Inc.
(OTCBB: OEDV) is a showcase oil and gas stock on
Investorideas.com
Visit the company showcase profile at
Investorideas.com http://www.investorideas.com/CO/OEDV/
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Disclosure: OEDV is a paid advertising oil and gas company on
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