Dallas, Texas 02/18/2014 (FINANCIALSTRENDS) – Saratoga Resources, Inc.(NYSEMKT:SARA) the exploration and the production company with offices located in Houston, Texas and Covington in Louisiana. The company is expected to present at the EnerComInc on Feb 19, 2014, which is expected to be viewed on the website.
Saratoga Resources, Inc.(NYSEMKT:SARA)holds resources which are spread across 52,033 gross/net acres. It is actively involved in production as well as transitional coastline, besides building in-bay environment. Most are leases in the south Louisiana, besides the Shallow Gulf of Mexico Shelf. The largest inventory the company has for drilling, as well as multiple stacked reservoir objectives and high pipe potential. The company in late 2013 also acquired two new leases in Louisiana State. Later in November 2013, the company also saw that the company had acquired 212.41 acre Little Bay lease in the Louisiana state lease sale which extended over Baton Rouge.
Saratoga Resources, Inc.(NYSEMKT:SARA) has been trading at $1.39 across the $1.13 to $1.45 price range and holds a high of $3.18 52 week prices as well as a $0.95 52-week low. The average volume for the company has been 292,442 and the market cap its holds is $43.02 million. EPS is 0.39 and shares are 30.95 million. Beta is 2.34.
Saratoga Resources, Inc.(NYSEMKT:SARA) has recorded high growth over the past few days and has also indicates high momentum in the near future. The company’s expertise in natural gas and oil industry has meant high appreciation in value besides, high investment conversions.
Saratoga Resources, Inc.(NYSEMKT:SARA) real estate holdings are indicative of the production capacity it holds and has indicated that at Grand Bay alone the company has over 350million barrels of crude oil equivalent produced. Noteworthy feature of this oil explorer is the visible behind pipe potential it holds. The overall reserves for the company were 19.0 MMBoe and 8.0 one million barrels of liquid hydrocarbons of oil.