Yet another strong endorsement of the ML play. Sandridge selling...

Yet another strong endorsement of the ML play.
Sandridge selling Permian Basin assets to concentrate on ML...

Tom Ward (CEO) Quote:

Noting that the Permian Basin assets were a key part of SandRidge's planned strategic transition from a natural gas producer to an oil rich E&P company, Ward added, "With these proceeds we will have a cash balance of almost $3 billion and liquidity of over $3.5 billion, which we intend to use to reduce debt and strengthen the balance sheet. This will also allow us to fund development of our acreage position as well as future opportunities in the highly scalable, high return Mississippian Play."

Read more here: http://www.heraldonline.com/2012/12/19/4497076/sandridge-energy-inc-agrees-to.html#storylink=cpy