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COPYRIGHT 2005 Hart Publications, Inc.
Oil and Gas Investor: Describe the strategy that drives your company.
Wallace: Our strategy is to simultaneously develop our drilling locations in both of our core areas, providing us with several years of continued development that should generate increases in both net proven reserves and cash flow. In addition, we are developing new resource play concepts that should allow us to have a large drilling inventory for many years to come.
OGI: Describe your core drilling or production areas.
Wallace: In the Gulf Coast region, we will be developing our Newton Field, which is a multiple stacked sand reservoir that is enhanced through hydraulic fracturing and thus exhibits long-lived production characteristics similar to many Rocky Mountain tight-gas sand fields. Our development projects in the Rocky Mountain region are typically characterized as long-lived reserves and will be focused in the Howard Ranch area of the Wind River Basin, and the Vega Unit in the Piceance Basin and Washington County area of the eastern DJ Basin.
OGI: Would you like to, or do you anticipate, expanding to any new core areas this year?
Wallace: We currently are not planning to expand...
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