**Noble Energy 'we will be expanding our horizontal Niobrara program based on our results' due to continued efficiencies company has expanded drilling by 20% in 2011 so far
CHK flagged selling some acreage months ago of it's holding of a massive 800000 acres to another very large player CNOOC. Not new news! sorry to disappoint any sellers!(not!) Conoco recently acquired 46000 acres.
As EOG has clearly stated ( and others including Samson) ya can't just drill anywhere in the Niobrara without taking into account the complex formations. Thus a 3D such as Samson's which cost millions is essential.
SSN Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
