CHK drilled in the Niobrara without the 3 D siemic data and only have themselves to blame for their poor results.
TB has stated they drilled at the wrong depth and IMO got the results they deserved for being inpatient. The Niobrara needs to have the 3D because of the complexity of the geology.
SSN have done all the research necessary to give it the best possible chance for success and to date the initial results look very promising.
Because SSN are drilling in the best location within their acreage I believe the results will be very good, the real question will be how good.
As for the 2 state wells TB would have only JV with CHK because they have the right information to deliver a better result.
TB has done enough research to deliver a quality result for share holders and I look forward to the IP rates which will be Imminent.
I dont get court up in the day to day SP and look for "WHAT If's" when i rely on one source for information, and thats TB.
GL Matsim
SSN Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held