- There are also very encouraging indications from the company's...

- There are also very encouraging indications from the company's WB asset that will be developed with a very limited cost to Lonestar:


Bracken: We've shot a 3D seismic survey over the block and we're encouraged by both the large number of conventional targets and the presence of a high degree of fracturing in area. You're going to need that incremental permeability to get through fractures. That's why we set ourselves up on the flank of the stone. Our own internal view of the prospectivity of this block has been enhanced based on the 3D data and we're developing our plan to go forward right now.

We don't want to break our focus on the Eagle Ford, however, the asset in Montana has a lot of prospectivity and it's definitely something that we want to see examined and exploited. I think the likelihood is that we'll conduct a process in the fall whereby we seek a farm-in partner to operate the project, begin to tackle some of the technical issues, and develop a practice by which we can exploit the Bakken and the Three Forks horizontally…at very limited cost to Lonestar.