But Buc (try saying that 3 times quickly),
Tezza has had Hawk Springs all this time hasn't he? Back in Feb 2012 (when SSN had a MC of $225M and no debt) he was touting Hawk Springs Conventional Oil project Permian/Penn in the DJ Basin and 50+ MmBOE of Resource and 250 locations. Definitely cracked something.
With all that potential @ Hawk Springs why bother with the Bakken?
PS - did you farmout 50% for no carry as you quote $1.5M well costs and the slide clearly says $3M well cost (its the same slide you get the $8.3M NPV on $50 oil from). I think I can predict your response that says $2.15B aint half bad.
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- And to think we had no debt + $70m in bank
And to think we had no debt + $70m in bank, page-10
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