email from terry, page-2

Thanks LFC,

...and by going by that response we also derisked the Niobrara project.

"The horizontal lateral was drilled within the Niobrara
“B” zone for the entire horizontal distance drilled, recording resistivity measurements of 100+ ohms for the majority of the well. Open-hole logging and conventional core analysis from the vertical pilot hole indicate that the Niobrara “A” & “B” zones are both very brittle carbonate sections that appear to be oil saturated."

The market sold down on the delays, frustrating traders and short term investors.

Many can see the Roosevelt potential hence the sell volume wasn't huge.

IMO

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