I'm expecting another operations update on Monday, but what will we be told - or more correctly what is there likely to be known that we can be told.
In the recent updates:
Hawk Springs {Defender} 23NOV11 Plan to install a down hole pump. Expect it to take a few weeks to evaluate the result. 28NOV11 Down hole pump to be installed next week. 5DEC11 news? The down hole pump should by now be installed and pumping out the frac fluids. Oil shows? Maybe a bit early I think, so we wait another week.
Roosevelt Project {Australia II} 18NOV11 Preparing to drill 23NOV11 – Drilling ahead at 5,040 feet; cores yet to be cut. 28NOV11 – Drilling ahead at 9,414 feet, the core point for the Bakken formation; cores to be taken here and at the Three Forks formation; well to then be plugged in preparation for the drilling of the 4,500 ft lateral. 5DEC11 news? Probably drilling the lateral and with some luck may get a comment including the term "oil saturated". Probably as good as we can really expect tomorrow, so we wait another week.
Any O&G experts more hopeful that me?
SSN Price at posting:
9.2¢ Sentiment: LT Buy Disclosure: Held