Page 2 as below is very interesting indeed, eludes to something more to come i feel. --------------------------------------------------
The Niobrara Formation is seen by some commentators in the industry as having characteristics similar to the Bakken Formation, but the Niobrara Formation has not yet had the completion technology that has been developed recently in the Bakken Formation applied to it. The Upper Cretaceous Niobrara Formation in southeast Wyoming consists of cyclical layers of calcareous chalk, shale, and marl. Industry experts have suggested that the Niobrara has most if not all of the characteristics for a significant unconventional oil discovery. Those characteristics are: 1) A high total organic content 2) Thermal maturity in the oil window, 3) A capability to be fracture stimulated (brittle rock) and/or the presence of natural fractures, even though there is moderate clay content, 4) A high net thickness, 5) Good boundary seals, and 6) Hydrocarbon saturated
SSN Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held