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Emerald Oil Details Corporate Updates

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May 6, 2014

On May 5, Emerald Oil Inc. (NYSE: EOX) detailed the updates to its 2014 production guidance, and also detailed the financial results for the first-quarter 2014, which ended March 31.

The year’s drilling and completions capex guidance was increased by $68 million, to $250 million, the company said, noting that it was increased due to a fourth rig.

Over the first-quarter this year, production increased 136% over last year’s first-quarter, the company said. Production was 225,905 barrels of oil equivalent (boe), the company added.

The production forecast for second-, third- ...


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