Hal is with Samson on the JV of the Niobrara. Spud is due Mid May early June on the first well constellation us-20 state #1-36
Lets not forget one thing on this JV. Hal only decided to spend its money on doing the drilling after seeing the results of the 3d seismic testing. This willl be the turning point for Samson and is what TB meant when he said "you aint see nothing yet".
If the estimate of Samson is correct at a return of 418000 bbls per well it will add $0.32 c value per share to the company. However if Chesapeake's estimate is more correct the SP value may have around $0.96 added to it. Might be more interest in this thread when we get news that drilling has commenced.
SSN Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
