Immediate oil production growth from Bakken Offset wells doing IP at 3,100 BOPD Potential to add 1,500 BOPD initial net to SSN Immediate gas production growth from prolific Texas producers Balances existing long life Rockies reserves Offers price diversity Longer term growth from credible shale plays 2010 drilling program throws off numerous follow up opportunities Bakken drilling potentially worth US$ 75 million Texas 3D program will generate U$ 16 million of PDP value in the next two years Longer term, Baxter Shale fully developed valued at a net US$150 million Longer term, Pierre Shale fully developed valued at a net US$450 million
Not bad potential for SSN
SSN Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held