The Bruneian Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Language: English
- 62 Pages
- Published: June 2012
- Region: Brunei, Middle East
The company's proved reserve base is relatively large (1.6 trillion cubic feet equivalent) and well diversified; The properties are characterized by low exploration risk, high drilling success rates, and long reserve lives; and A favorable, near-term commodity price outlook should allow the company to generate free cash flow and delever in 2006. The company has shown a willingness to increase debt levels to finance its acquisition strategy. At the end of the third quarter, debt to barrel of oil equivalent of proved-developed reserves exceeded $6; Proved-undeveloped reserves constitute nearly 40% of the company's total proved reserve base, entailing high future development costs; and Operational performance is difficult to track accurately, given the company's numerous acquisitions. The ratings on Whiting Petroleum...
Companies mentioned in this report are: Whiting Petroleum Corp.
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Research Type: Full Analysis
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Whiting Petroleum Corp.