Dow down over 1% but KOG BEXP % AEZ up with SSN steady. Just waiting till it's ssn's turn.
Had another look in the NDIC GIS map server and daily reports and having a look on the American Oil & gas website. Found that Brunelle 1-29h on stockyard creek is not a bakken.12/8/08 78 bopd madison.
All the action atm is in bakken. AEZ wells 6-9miles from ssn just north in areas where no previous drilling occured.Ron Viall 1-25h 9000ft horizontal Tong Trust 1-20h also 9000ft horizontal bakkens and small interst in Heidi 1-4h a three forks formation. Goliath project just above stockyard creek.
The leases have gone crazy with block 13 155 92 fetching $7300 an acre with average at $2000+.
Aez 52 week range 50c-$4.88 last price 4.29 up 11c.
Just like ssn they have acreage in wyoming and they just did a 5 well Niobrara re-completion program. Max 24 hour rate on the 5 wells 80 564 133 136 389 boe Average daily production 53 207 62 68 207 boe This is what ssn is trying to acheive also. In the quartely:Wyoming,Samson's 50% partner in the project has approved a farmout plan in regard to to moving forward with the project. Also with aez;5 well re-entry program in 2009 for niobrara production completely funded by outside party.
Just 2c for ssn as a start would be nice. The drilling finishes by the end of the week so maybe we'll get there soon.
SSN Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
