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Stock Market & Financial Investment News

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January 22, 2013
08:32 EDTMHRMagnum Hunter intends to drill minimum of four Utica test wells
Magnum Hunter Resources announced that it intends to drill a minimum of four Utica test wells in Ohio this year. If results are similar to those experienced by offset Operators in the area, then further development on the leasehold position is planned later in the year, the company said. Anticipating favorable results, Magnum said it has already commissioned engineering drawings and Unit preparation on two additional Utica Pads.
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