Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )

Jonathan Samuels, President and Chief Executive Officer of Triangle Petroleum (TPLM), presented today at EnerCom’s The Oil & Gas Conference® 17. Triangle Petroleum is a growth-oriented oil and gas exploration and development company that is focused solely on the Bakken oil play in the Williston Basin of North Dakota and Montana. Since entering the basin in early 2010, the company has acquired approximately 83,400 net acres of prospective for the Bakken and Three Forks formations. Triangle is directing resources toward its operated program to develop its consolidated positions in McKenzie and Williams counties in the core of North Dakota.

During the company’s breakout session, management was asked the following questions:

  • What are you seeing around Station right now?
  • You’ve showed $25 million in new infrastructure, but this was not discussed in your presentation. Where is this money going and what are the plans in changes to the business model surrounding it?
  • Where does the relationship with Oppenheimer stand?
  • You sold a small piece of Station, how did that come about? Are their further plans for actions like these?
  • Ideally you want 4-6 rigs across your acreage, what timeframe does this work on?
  • You talked about picking up a unit here and there; how does the volatility in oil prices affect this plan of action?
  • What did Rockpile learn and what implications did this learning curve have?
  • How did your operations people on Triangle’s side feel about working with Rockpile?
  • How many stages is Rockpile completing per day?
  • Where do you stand about where your working interest is at this time?
  • How does your average interest today compare to 9-12 months ago?

Click here for Triangle Petroleum’s webcast.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication.