BRK discussion, page-2474

Just casually swinging the main BRK Discussion thread back into the limelight.

Great to see some volume churning over for BRK - news coming? I'd say likely. On that note:

Continental is planning Springboard 2, 3 and 4 as per an extract from their recent earnings call.
(source) https://www.kallanishenergy.com/2019/12/03/continentals-project-springboard-continues-growing/

Extract:
“Project SpringBoard is still growing, and the company is starting to plan additional similar large-scale projects elsewhere in Oklahoma. A second similar unit project in the SCOOP play will be unveiled in 2020, and plans are taking shape for SpringBoard 3 and SpringBoard 4 in southern Oklahoma”

Guess where they’ve been buying up: (Continental leases highlighted in yellow) (source) https://convey640ok.com/blog/has-continental-resources-found-another-springboard



As taken from the Convey640 link above:

“Looking at OCC Applications for the past 6 months, we can see that Continental has applied for Spacings, Location Exceptions, Multiunits, and Poolings, indicating that Continental plans to develop this region.

Future development is further evident by looking at permits filed by Continental in the 5 counties noted above. In the past 6 months, 25 permits have been approved, all horizontal wells, and targeting the Woodford, Sycamore, Hunton, and Mississippian formations.”

Now we know that Continental has been offering up to $25,000 and acre as per the Mineral rights forum for acreages close to their original Springboard project. Looking very much like at least one of their future Springboard projects is right in BRK's backyard which bodes extremely well for BRK's acreage quality and value.

Giddy up!