Based on annualised figures at April 2008, Exoma Energy will generate a minimum US$2.3 million in net revenue for the current calendar year. There is a high likelihood this revenue forecast will need to be revised upwards with Exoma’s busy drilling programme.
• Anadarko Basin Production Improvement Programme (ABPIP) likely to increase revenues from operated wells by 20%-25% • Drilling success from Kelln 94-2 • Cash flow positive
“Companies that specialise in repeatable low risk drilling appear to be best positioned to benefit from the strong industry fundamentals in our view. These are companies where already reliable programs can most assuredly benefit from higher commodity prices, deep inventory, low inflation and efficiencies”. Citigroup Global Markets Equity Research April 2008
This is precisely the strategy that Exoma Energy is pursuing with its Anadarko Basin development drilling programme.
Exoma takes meaningful acreage positions in proven hydrocarbon provinces: its Anadarko Basin portfolio contains developed and underdeveloped assets. It continually reviews current and potential new land holdings.