bakken formation - multi billion $ potential, page-8

Thanks for the positive comments guys (& girls, if there are any in here - where's Ange08 ??? :-)

What a great ann just in.
Very informative and precise. Sounds like these guys really know what they are doing and the new technology for fraccing they will use called the "Perf & Plug" technique really makes this sound a no bariner.

Should see some solid positive movement in SP over the next few weeks or so leading up to the fraccing and then ann on flow rates. Also, IMHO, keeping the rig "On Contract" for the rest of the year is brilliant news although I don't know how they will be situated for capital, as I said I'm new to SSN and will do some more research over the weekend but it sounds like its a good move as they will be able to spud another very quickly after this is in production hence possibly avoiding any sort of CR.

All on track to head north IMO

Good luck all - have a great weekend.

Cheers
Nige