A bit of background on 3 forks from Joechentva on us forum .. Thanks Joe
quote.... joechentva
SSN's 3-Fork 1st bench and Rainbow wells on par
Back to my favor penny oil stock. The two 3-Fork 1st bench wells (Bootleg 4 & 5) IP avg 550 BOPD, for a thin 30' sand stone 1st bench 3-Fork, they are right on par. The lower 2nd bench is thicker, should produce more. Then the much thicker 3rd and 4th benches. The tricky part was to find these 4 benches among the interbeded 28 formations in a total of 550' thick 3-Fork pay zones. The laterals could be drilled way off the target depth. Congrats to Slawson & SSN.
The Rainbow project located in the northern tips of Williams cnty is close to the edge of the rich central Bakken bowl, thus a 500-600 IP rate is also on par from a thin 20' mid Bakken layer. However, there are still thicker 3-Fork four benches laying underneath mixed in the 28-formation 500' thick pay zones. You can't go wrong with CLR in charge.
By the end of 2015, IF all 3-Fork benches are developed, SSN should have more than 3000 BOPD net from their deep ND leases (excludes the shallow South Prarie project)ends..
SSN Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
