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Ticker:WRES
Company Name: Warren Resources, Inc.

Business Overview from 10-K filing for Warren Resources, Inc.:

The following table presents our estimated proved natural gas and oil reserves and the PV-10 value of our interests in net reserves in producing properties as of December 31, 2004, 2003 and 2002 based on reserve reports prepared by Williamson Petroleum Consultants. The PV-10 values shown in the table are not intended to represent the current market value of the estimated natural gas and oil reserves we own. A significant portion of our proved developed reserves has been accumulated through our interests in the drilling programs for which we serve as managing general partner. The estimates of future net cash flows and their present values, based on period end prices, are based upon certain assumptions of the drilling programs in which we own interests will achieve payout status in the future. As of December 31, 2004, none of the active 22 drilling programs managed by us had achieved payout status.  g   

View the full WRES chart at Wikinvest

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