operations and market update., page-9

bart,
This is from the march Qtly:
...."Joint Technical Team composed of representatives from Halliburton Samson and Mountain Energy. Four of these prospects are currently being permitted so that when the Joint Technical Team approves the recommended prospect, it will be ready to be drilled. The initial well is expected to be drilled as a vertical test of the deeper Permian and Pennsylvanian target levels. This exploratory well would then be plugged back and a horizontal well drilled into the Niobrara Formation which would be cased and fracture stimulated. The well is expected to spud towards the end of May or early June 2011. The vertical well will test two closed structural-stratigraphic traps with a total combined potential to recover 18 MMSTB. The vertical exploratory wellbore will be logged and the formation and the contained fluids sampled to investigate these two targets. Given that this investigative work is encouraging then a drilling program would be designed to exploit those intervals. Both conventional targets show considerable promise and are productive in the DJ Basin."....

This may shine some light on the subject, I hope!
Regards K