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Continental Resources To Triple Production, Proved Reserves

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October 8, 2012

Continental Resources Inc. (NYSE: CLR) announced a new five-year growth plan to triple production and proved reserves by year-end 2017. According to its strategic growth plan, the company plans to generate average production of 300,000 BOE/d in 2017.

The company reported average production of 94,852 BOE/d for the second quarter ended June 30, 2012.

Continental's plans to triple production from 2012's expected total of approximately 36 MMBOE, which is the mid-point of the company's 2012 growth guidance. This level of growth would result in production of 108 MMBOE in 2017. ...

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