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BS - PetroShale Highlights - June 11, 2019

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Bakken pure-play PetroShale acquired additional acreage in its core South Berthold area for $2.0 million during Q1. The South Berthold area straddles the Dunn-McKenzie county line in North Dakota and is one of two areas where PetroShale is actively drilling and completing wells along with the Antelope area to its north. PetroShale’s South Berthold type wells have EURs of 1.05 MMboe and payout in 1 year for D&C costs of $8.0 million. It has current production of 6,200 boe/d and expects to exit 2019 at 11,000......
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