Open Range Energy

ONR 1.40 CAD | CHANGE: -0.06 | Delayed 15 minutes SEDAR

05/14/2009 16:15 Open Range Energy Corp. Announces Appointment to the Board of Directors More>>
05/12/2009 17:59 Open Range Energy Corp. Announces First Quarter Results, Renews $54 Million in Bank Lines and Provides Operational Outlook More>>
03/20/2009 14:22 Open Range Energy Corp. Announces the Filing of Its Annual Information Form More>>

Production of 2,451 boe per day net in Q4 2008
Nearly doubled total proved plus probable reserves to over 10 million boe at year-end 2008
Drilled 16 gross (7.8 net) wells on $60.6 million capital program in 2008
Prudent capital program of $18 million budgeted for 2009, based on anticipated cash flow
First horizontal well at Ansell/Sundance, targeting the Bluesky Formation, drilled in Q1 2009 and awaiting completion operations after spring break-up
15 percent overall production growth forecast for 2009
More than 50,000 net acres of undeveloped lands
Drilling inventory of 100 development and exploration locations to drive future growth


	boe/d average production
	mboe total P+P reserves at Dec. 31, 2008
	million cash flow from operations
	cash flow from operations per diluted share
	F&D costs per boe of reserves added (including FDC)
	total cash costs per boe of production (operating expenses, G&A and interest)
	unused year-end borrowing capacity out of $54 million in bank lines