To: Jurgis Bekepuris who wrote (45745 ) 12/1/2011 7:00:27 PM From: E_K_S 1 Recommendation Respond to Magnum Hunter Resources Corpora (NYSE: MHR ) 8:53AM Magnum Hunter reported the Furrh #2H which was drilled to a measured depth of 15,876 feet and the Kudu Hunter #1H was drilled and cased to a measured depth of 16,302 feet ( MHR ) 4.80 : Co announced the Furrh #2H which was drilled to a measured depth of 15,876 feet was fraced with 20 stages and placed on production November 15, 2011. The 24 hour flowing initial production rate was 1,270 Boepd on a 19/64" choke with 1,680 psi FCP. MHR operates the Furrh #2H and owns a 42.1% net working interest. The Kudu Hunter #1H was drilled and cased to a measured depth of 16,302 feet was fraced with 20 stages in mid-November. The 24 hour IP rate was 1,590 Boepd on a 22/64" choke with 2,200 psi FCP. MHR operates the Kudu Hunter #1H and owns a 46.3% net working interest. The capital expenditure budget for the Eagle Ford Division for fiscal 2011 remains at ~$75 mln (30% of the total company wide capex budget) to drill 16 gross wells. Co's spudded its first Eagle Ford Shale horizontal well in June 2010 and to-date, the Company has drilled and completed 13 gross wells (7.8 net wells), all of which are on production.
