joint venture, page-28

While we are having stabs at who our new friend may be, I will throw Big Bear Oil and Gas into a partnership, possibly ??

This is something I posted a couple of weeks back ( care of thedalek ) It mentions the Codell SD formation and also Big Bear Oil. Maybe I have way to much time on my hands , lol

The Spillman Draw Unit is a horizontal Niobrara well, while the Wagonhound is a horizontal Frontier sand well. Chesapeake made a point to discuss the potential for multi-horizon production over their acreage. The Frontier sands underlie the Niobrara on their PRB acreage, while the Codell (same age as Frontier) underlies their DJ acreage.

It is important to point out that these wells are not optimized, the stimulations are not perfected. These are early on in the program and will no doubt improve on both the performance front and the cost front.

Below is a stratigraphic column from the presentation to help show where the stacked pay may come from. Notice the Frontier and Codell underlie the Niobrara. They have been produced historically and current methods may help to optimize their production.







Finally, lets look at the recent Chesapeake permits. I added the Samson Oil and Gas permits here in Goshen County since Chesapeake was the buyer for these assets earlier this summer. I would not be surprised if there are more Chesapeake permits being permitted under a different name that I did not pick up here. Also, there is a company, Big Bear Oil and Gas that spent big bucks all summer at the Wyoming Oil and Gas lease Auctions. On the order of $3,000 per acre, the most of any company at the auctions and it is not unreasonable to suspect Chesapeake is the recipient of those leases. That is pure speculation however. If anyone is interested in those results, I have them in spreadsheet form in the DNA Niobrara Unconventional Update Regulatory folder, all that is required is a DI login.