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CP Exploration marketing Bakken/Three Forks assets - Friday, March 11, 2011

CP Exploration is offering for sale all its interests in the Bakken and Three Forks trend in North Dakota. The company holds interests in all major areas, including the Rough Rider, Nesson, Little Knife and Billings anticlines.  The package includes 23,232 gross acres (15,550 net) and produces 800 boe/d net from 19 wells.  CP averages operating cash flow of $1.6 million/mo. Operators include Brigham, Slawson, EOG and Continental Resources.  Average WI is 10% and ranges up to 26%.

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