EnigmaDude (97.23)

Voyager Oil & Gas - the Silver Wheaton of Energy?

December 01, 2010 – Comments (4)

Voyager Oil & Gas, Inc. (VOYG.OB) is an exploration and production company based in Billings, Montana.  The company was formed for the purpose of providing capital investments for acreage acquisitions and working interests in existing or planned hydrocarbon production with a special focus on scaleable, repeatable natural gas plays with established operators.  

Note: This is the top performing stock year to date in the energy exploration sector (from $0.99 to $4.70).

Their business is initially expected to focus on properties in Montana and North Dakota, and they are targeting the Denver-Julesberg Basin Niobrara formation (in Weld County, Colorado) through its joint venture with Slawson Exploration and the Williston Basin Bakken/Three Forks. 

Voyager's primary focus is oil shale resource prospects in the continental United States. Voyager currently controls approximately 147,000 net acres in the following five primary prospect areas:

24,000 core net acres targeting the Bakken/Three Forks in North Dakota and Montana;

24,000 net acres targeting the Niobrara formation in Colorado and Wyoming;

640 net acres targeting a specific Red River prospect in Montana;

33,500 net acres in a joint venture targeting the Heath Shale formation in Musselshell, Petroleum, Garfield and Fergus Counties of Montana;

and 65,000 net acres in a joint venture in the Tiger Ridge gas field in Blaine, Hill and Chouteau Counties of Montana.

The company was formerly called ante4, Inc. Before that it was known as Plains Energy Investments, Inc. and changed its name to ante4, Inc. on April 17, 2010.

Voyager is participating on a heads-up basis for a 50% working interest in Slawson Exploration's 48,000 core net acre position in Weld County, Colorado and Laramie County, Wyoming. These initial test wells are the first of up to 60 gross wells planned over the next 24 months in the drilling program.

Williston Basin Bakken and Three Forks

Voyager currently controls approximately 24,000 net acres in the Williston Basin, primarily in Williams and McKenzie Counties, North Dakota and Richland County, Montana.

Tiger Ridge Gas

Voyager controls approximately 65,000 net acres in and around the Tiger Ridge Gas Field in North-Central Montana. Voyager is currently conducting seismic testing and plans to participate in the drilling of three initial wells operated by Devon Energy.

Heath Oil Shale

Voyager owns 33,500 net acres targeting the Heath Oil Shale of Central Montana. Voyager has begun to see substantial permitting and drilling activity in the area.