Funds for New Facilities, Drilling Contracts, Fresh Agreements, and Green Investments - Research Report on Cenovus, Ocean Rig,

  Funds for New Facilities, Drilling Contracts, Fresh Agreements, and Green
 Investments - Research Report on Cenovus, Ocean Rig, Magnum Hunter, Approach
                           Resources, and Enerplus

PR Newswire

NEW YORK, July 5, 2013

NEW YORK, July 5, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Wall Street Reports announced new research reports highlighting Cenovus
Energy, Inc. (NYSE: CVE), Ocean Rig UDW Inc. (NASDAQ: ORIG), Magnum Hunter
Resources Corporation (NYSE: MHR), Approach Resources Inc. (NASDAQ: AREX), and
Enerplus Corporation (NYSE: ERF). Today's readers may access these reports
free of charge - including full price targets, industry analysis and analyst
ratings - via the links below.

Cenovus Energy, Inc. Research Report

On June 25, 2013, Cenovus Energy, Inc. (Cenovus) reported about its $2.5
million investment in Skyonic Corporation (Skyonic). The investment routes
through the Cenovus Environmental Opportunity Fund, the Company's wholly-owned
subsidiary focused to make strategic investments in companies developing
early-stage technology to improve the environmental and economic performance
of producing oil and gas. "Skyonic's technology is a good example of how
creative thinking and technology can reduce the environmental impact of
producing energy while creating valuable products," said Harbir Chhina,
Executive Vice President of Oil Sands at Cenovus. The investment of Cenovus is
part of Skyonic's latest funding round, which totaled $128 million. The funds
raised by Skyonic will be used to support construction costs for its carbon
capture and utilization plant in San Antonio, Texas. The facility is expected
to begin operation in 2014. The Full Research Report on Cenovus Energy, Inc. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/fd1e_CVE]

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Ocean Rig UDW Inc. Research Report

On June 17, 2013, Ocean Rig UDW Inc. (Ocean Rig) announced the receipt of a
Letter of Award for its ultra deepwater drillship, Ocean Rig Skyros, from a
major oil company. The Letter of Award is for five wells or a minimum of 275
days contract for drilling offshore West Africa, with an estimated backlog of
approximately $190 million. Ocean Rig expects the contract to commence in
October 2013, upon delivery of the drillship from the shipyard. As a result of
the Letter of Award, the Company's total contracted backlog as of June 17,
2013 stood at approximately $5 billion. The Full Research Report on Ocean Rig
UDW Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/ea5d_ORIG]

--

Magnum Hunter Resources Corporation Research Report

On July 2, 2013, Magnum Hunter Resources Corporation (Magnum Hunter) announced
that it has spud its first well on the Stalder Pad site in eastern Monroe
County, Ohio. Magnum Hunter reported that the pad is designed and permitted to
drill up to 18 gross wells (10 Marcellus and 8 Utica), and will be drilled
using the Company's new Schramm T500XD robotic drilling rig. The Company also
revealed the development plan, which is to drill both Utica and Marcellus
wells first, then fracture stimulate them, and subsequently test the wells in
Q4 2013. Eureka Hunter Pipeline, LLC (Eureka Hunter), Magnum Hunter's
subsidiary, is currently laying a new 20" high pressure gas line to the
Stalder Pad with first deliveries from this area expected in October 2013. The
Full Research Report on Magnum Hunter Resources Corporation - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/10b1_MHR]

--

Approach Resources Inc. Research Report

On June 24, 2013, Approach Resources Inc. (Approach Resources) announced the
appointment of Craig E. Young to the position of Vice President of Drilling
and Completions. Young has more than 30 years of operating and management
experience in the oil and gas industry, specializing in drilling engineering
and operations. Prior to joining Approach Resources, he led EOG Resources'
development of the Eagle Ford shale play for 10 years. "His proven success in
leading the development of two major horizontal shale plays will be invaluable
as we transform our Wolfcamp oil shale discovery into a full-scale development
program," said J. Ross Craft, President and CEO of Approach Resources. The
Full Research Report on Approach Resources Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.wsreports.com/r/full_research_report/cb74_AREX]

--

Enerplus Corporation Research Report

On June 27, 2013, Enerplus Corporation (Enerplus) announced that it has
entered into agreements to sell various non-core assets in Canada for gross
proceeds of approximately $80 million. Enerplus reportedly made this move in
order to further improve the focus and concentration within the Company's
portfolio. The assets mentioned are mainly non-operated properties producing
approximately 1,000 BOE/day. The properties are being sold to multiple parties
and Enerplus expects closings to occur in Q3 2013. In addition to the sales,
the Company has also acquired 50% working interest in the Pouce Coupe South
Boundary B Unit #1 for approximately $30 million. Further, Enerplus announced
that it is maintaining its production guidance for 2013, given the strong
operational performance to date. The Company expects annual average production
volumes of approximately 85,000 BOE/day. The Full Research Report on Enerplus
Corporation - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/1657_ERF]

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