I don't think we are going to get a massive rise in SP from Defender. If we can get an IP flow rate of 1000 BOPD (which I believe is optimistic), I would be happy if the SP holds at around $0.14. Getting back to over $0.20 would come from continued success of the current drilling program: SoA, Everet and the two wells in Roosevelt.
The rise in SP from January to March 2011 was probably from the excitement and hype around the events of the JV, Enercom Presentation, Chesapeake buying land in Goshen County, research report issued by Enercom on Dec 29th and valuations given SSN.
I could be wrong however. Defender and SoA could prove Goshen County is the place to be and everyone will want a piece of what SSN has.
IMHO
I don't think we are going to get a massive rise in SP from...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)