Have to agree 'footy' - the Niobrara can be a bit hit or miss and a bit expensive to drill.
Mind you, the 'Jordan Schultz' well (Greathouse prospect) will not be cheap but at least they are trying to farm out part of the cost.
Originally, I thought the 'kinmundy' prospect was going to be the next cab off the rank, after the Greathouse prospect?
Check out this article from the 'Marion County Observer' at the impressive bopd that came out of the Kinmundy a decade ago - and which the paper reminded the locals of, when TTE announced their interest in the area. Also briefly mentions the 'Jordan Schultz' well in Louisiania.
www.marioncountyobserver.com/kinmundy-tapped-for-oil-from-international-company-p509-1.htm
If we strike those kind of bopd, TTE will be bigger than MAD in no time at all.
TTE Management certainly seem to know what they are doing, going by the future projects being lined up.
All of the above is my personal opinion. DYOR.
financial projections, page-110
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