to guttedsquid and other lt holders, page-8

You also have to take into acct that SEA's bigger acraege in the Niobrara by about 1000 acreas (from preso) and is right in the middle of the sweet spot as they have put it.
I wish I had the report I have read to show that point.
Much of the Niobrara is yet to be proven and the fact we are waiting is good. Why? Because as we have seen technology is geting better all the time and we can sit back and let other bigger companies get the system right who have the coin and then start drilling.

3 years ago we started drilling into the Bakken and got reasobale results with high decline rates. We had up to 45% on some wells . I wish we could drill those wells now with the new technology. We effectively wasted 45 mill in this program.

The PR I agree with but that doesn;t make the company better placed, but certainly helps with sp. As you can see now SSN is tracking very well although it is well behind in its development of its acreage compared to SEA.

I still firmly believe SEA is a much better play although I am kicking myself a little for not getting some. I think SSN has run a little hard recently whereas I still SEA as having heaps of upside.

At the end of the day I can not complain about my position.