Seems to me that chk want more than a 3d snapshot - otherwise why give up WI that would far exceed the cost of conducting their own seismic evaluation?
Reckon what's really at play is a further jv opportunity, with chk relying on tb's geotech knowledge and guidance to help maximize their niobrara / codell targets. Who else has been evaluating the play to the extent ssn has?
Either way, this is cracking news - and will be nice to add another 2 wells at a higher WI to the bottom line before the years out.
SSN Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held