It is very interesting and educating to read the various well researched (and some emotive) posts from time to time. I have been set for the last six months or so (see my previous posts about my exposure on SSN). Now to the what I think is the real story about the price going up in leaps and bounds:
Start with the posts in 'Where is Dlotto' on yahoo message board and pay special attention to the post on 2nd March. In brief, it states that Ches has stopped future fraccing on wells as their latest well fracking revealed that Frac water from an earlier fracced well has been found in this particular well.
This clearly indicates that there are natural fracs in that part of Niobrara land and oil will also travel easily and can be extrated without any expensive fraccing job.
Now look at our retained land topography. It looks like we are downdip and that may mean that the fluids (in this case oil) will have travelled to this low point and our potential recoveries will be much larger than other wells. No wonder our resistivity levels are highest and TB says ' You have seen nothing yet'
Also notice that shareprice started to increase substantially after Ches stopped fraccing the wells (news as per Dlotto post was out on around End Feb) and gone back to drawing boards for revaluation of fraccing design.
SSN Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held