"Acreage if you are correct and we do have IP rates at 2000 BOPD you better hang on to your hat because Samson's SP will be in overdrive. "
Hi there Matsim,
the niobrara is still at the embrionic stages right ?
Now if we look at what the Bakken is pumping out,we regularly get IP's of 1,500 2,000 2,500.Some have reached figures of 3,000 4,000 plus.People in the business have expectations that the niobrara will be as good if not better than the bakken.
So far the highest IP in the niobrara I have seen is only 1,700 from the CHK numbers.From these numbers and all the others that have been published,I think it is more than reasonable to assume ( I know I shouldn't presume anything in life )that we will achieve better results than what has been divulged so far.
Considering we have the best parcel of acreage,the best brains in the business,the greatest knowledge in the niobrara,and the best service coy's in the world teamed up with us,I think we will have some damn fine IP's coming our way.
SSN Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held