I think that is the hidden message in today's announcement; that Bakken has fallen way short of expectations. Only 55 bpd from 4 wells does not sound like "good oil shows" to me.
Also the fact that they said "prospectivity under review" suggests that they will not direct too much investment in the Bakken. Now I need to go back to the announcement last year to see what expectations they had for Bakken back then and how much a shutdown of Bakken might impact the company's plans
MPO Price at posting:
$1.13 Sentiment: None Disclosure: Held