notable well & activity update, page-10

Besides the 2 Niobrara Wells being free carried, I believe the Krier is subject to a 3.5% ORRI and the Breeden a 3.9% ORRI to SEA as part of the sale agreement.

Also SEA have the following wells in S Antelope waiting for frac as per February 2012 update:

Gabbert 4-2/11H WI 7.16% (Helis)
BB Belquist 150-95-10/11H1 8.79% (Hess)
Henderson 1-28/331H 6.65% (Helis)
Jones 4-15/22H 4.92% (Helis)
About WI 27.52%.

This is the Foreman S Antelope Well (3.29% SEA WI) that came off of confidental today - average 1,220BOPD or 1,510BOPED over 39 days -

NDIC File No: 21331 API No: 33-053-03721-00-00 CTB No: 121331 Well Type: OG Well Status: A Status Date: 1/22/2012 Wellbore type: Horizontal
Current Operator: HELIS OIL & GAS COMPANY, L.L.C.
Current Well Name: FOREMAN 5-2/1H
Cumulative Production Data
Pool: BAKKEN Cum Oil: 47610 Cum MCF Gas: 67878 Cum Water: 22617
Production Test Data
IP Test Date: 1/25/2012 Pool: BAKKEN IP Oil: 2164 IP MCF: 2594 IP Water: 1280

Monthly Production Data
Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare
BAKKEN 2-2012 29 31169 31203 11561 44767 0 44767
BAKKEN 1-2012 10 16441 16184 11056 23111 0 23111

Hess are waiting on frac/drilling some lower % wells and EOG have a couple drilling. Keep an eye on the Bakken oil price.

Please DYOR.