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As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

osage exploration & developm (OEDV) Key Developments

Osage Exploration and Development Announces 892 BOE Per Day Mississippian Well

Osage Exploration and Development, Inc. announced preliminary production results from two Horizontal Mississippian wells, the George Plagg 1-18MH and the George Plagg 1-19MH, located in Logan County, Oklahoma. The George Plagg 1-18MH, a horizontal Mississippian well in Section 18-17N-2W, has reached a peak one-day production rate of 892 BOE. The product mix is 90% crude oil and natural gas liquids with 10% natural gas. Osage has approximately a 49% Working Interest in the well. The George Plagg 1-19MH, a horizontal Mississippian well in Section 19-17N-2W, has reached a one-day production rate of 746 BOE. The product mix is 94% crude oil and natural gas liquids with 6% natural gas. Osage has approximately a 63% Working Interest in the well.

Osage Exploration and Development, Inc. Presents at LD Micro Conference, Dec-03-2014 08:30 AM

Osage Exploration and Development, Inc. Presents at LD Micro Conference, Dec-03-2014 08:30 AM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles, California, United States.

Osage Exploration and Development, Inc. Reports Financial and Operational Results for the Third Quarter Ended September 30, 2014

Osage Exploration and Development, Inc. reported financial and operational results for the third quarter ended September 30, 2014. For the quarter, net income from continuing operations was $107,137 compared to net loss from continuing operations of $4,397,749 for the second quarter of 2014. Adjusted EBITDA was $2,042,225 compared to $1,248,268 for the second quarter of 2014. Revenue from continuing operations was $3.3 million, a 34.3% increase over the previous quarter. For the quarter, the company reported average daily production net of royalties of 537 barrels of oil equivalent per day (BOEPD), a 26.1% increase versus the previous quarter; and, quarterly production of 49,440 BOE, 27.5% higher quarter-over-quarter and 63.8% higher than the third quarter of 2013. Cumulative production on the McNally 1-29MH has reached in excess of 18,400 BOE in its first six weeks of production with a product mix composed of approximately 82% oil. Cumulative production on the McNally 1-20WH has topped 10,700 BOE in just over five weeks of production with a product mix of approximately 80% crude oil. In order to preserve the long-term value of the reservoir, both wells were initially produced on a tightly controlled choke.

Osage Exploration and Development, Inc. Announces Preliminary Production Results from McNally

Osage Exploration and Development, Inc. announced preliminary production results from the McNally 1-29MH and the McNally 1-20WH, located in Logan County, Oklahoma. The McNally 1-29MH, a horizontal Mississippian well in Section 29-17N-2W, has reached a one-day production rate of 695 BOE. The product mix is 84% crude oil and 16% natural gas. Osage has approximately a 58% Working Interest in the well. The McNally 1-20WH, a horizontal Woodford well in Section 20-17N-2W, has reached a one-day production rate of 611 BOE. The product mix is also 84% crude oil and 16% natural gas. Osage has approximately a 76% Working Interest in the well.

Osage Exploration and Development, Inc. Presents at 4th Annual Euro Pacific Capital Global Investment Conference, Sep-09-2014 03:30 PM

Osage Exploration and Development, Inc. Presents at 4th Annual Euro Pacific Capital Global Investment Conference, Sep-09-2014 03:30 PM. Venue: Sofitel Hotel, 45 W 44th St., Midtown Manhattan, New York, New York, United States. Speakers: Jack Zedlitz, Vice President of Corporate Development.

 

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