Inregards to the defender fracc, don't forget to keep in mind how much fracc fluid was used. If we don't see this oil saturation come out with a pump then we can take it from there.
Anything that involves making money is never easy. Not everywhere is the eagleford/bakken etc.
We just need to be (even more) patient u till tb and the Hal crew advise us of results.
I do very much agree with those who have gone into detail re: why would Hal and ssn stayed round this long on defender if there was no oil down there... And at HAL's expense....T.B must also be really disappointed the rip rig Hal and he signed off on did have the oomph to get through to his targets. So close too...
Surely John Lockeridge would not have spent so many years working on the nipbrara for it to prove up a dud
Patience and perhaps not paying any attention for a while is the name of the game if we head any lower.. I'm not selling, infact i purchased alot more today.
BHP or SSN... Which will perform better over the next 5 years?
SSN by many Many many bags from where we are now IMO.
BHP will be lucky to ever break it's $50 resistance it's failed to break 3 times now.
Enough rambling from me. Need sleep
SSN Price at posting:
8.3¢ Sentiment: LT Buy Disclosure: Held
