The Company has several significant advantages over its competition, namely:
Leading acreage position in highly active East Texas Cotton Valley liquids trend. The Company's 20,000+ gross acreage position in the Cornerstone Project area make it one of a few entities to have effectively amassed large contiguous acreage blocks.
Larger operators increasingly active in acquiring acreage.
Established production/proved reserves in high quality basin. Drilled 5 producing wells & established proved reserve base in Rodessa field w/ 21.4 bcfe of gross reserves & 1,166 mmcfe of current gross daily production.
Large volumes of hydrocarbons in place in multiple geologic horizons.
Strong platform to further grow our reserves and production.
Significant drilling inventory/long-term growth potential. Identified 109 locations on present acreage position.
Continued development of properties allow us to increase our proved reserves and average daily production.
Significant infrastructure in place. 40-mile pipeline, established gathering system, & salt water disposal plant, contribute to maximizing cash flow.
Ready access to several interstate pipelines & local end uses.
Experienced, proven management and operations team. Management team has average of 30+ years of experience in oil & natural gas industry.
Access to proprietary deal flow.
Acquisition and leasing opportunities due to expertise in area & contacts.
Price: $0.85 - Mkt Cap: $46 m. - Revs (ttm): $1.19 million - Cash: $6.75, Debt: $8.35, PP&E: $22 m
Read more at PegasiEnergy.com.