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January 30, 2012
08:18 EDTVOGVoyager Oil & Gas provides 2012 guidance
Voyager reaffirms its guidance that it expects to spud 10 net wells in 2012. Based on the 2011 time between the spud date and initial production, Voyager currently expects approximately 6 of the 10 net wells to be producing by the end of 2012, with approximately 4 net wells in the process of being drilled or awaiting completion. J.R. Reger, the Chief Executive Officer of Voyager, commented, "We are looking forward to a robust 2012 where the operators are more focused on drilling and development than in 2011. It is a great time to be a non-operator in the Williston Basin. It's exciting to see our operating partners accelerate development and increase the number of completion crews in the area." Spud 10 net wells in 2012. Of the 10 net wells spud in 2012, Voyager expects 6 wells to be producing at year end. At year end 2012, Voyager expects to have daily production of approximately 2,200 to 2,500 BOE per day from approximately 12 net wells. Capital expenditure budget in 2012 of approximately $70M.
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