Counting chicks before the eggs are hatched
SSN has some hatched chicks, layed eggs, and young hens to lay eggs. For oil wells only.
(1) Hatched chicks. 18 count, 20% avg RI.
ND, North Stockyard. 10 in-fill mid Bakken wells drilled and proved producing. 2 wells of 3-Fork 1st bench drilled and produce. Plus 4 older mid Bakken wells which still can produce.
ND, Rainbow, 1 mid Bakken well drilled and producing.
MT, FPEC (Roosevelt cnty), 2 mid Bakken wells producing.
(2) Eggs layed. 69 count, 20% avg RI.
ND, North Stockyard. 6 more 3-Fork 1st bench wells to go. Plus 8 wells each in 2nd, 3rd and 4th benches.
ND, Rainbow, 7 more mid Bakken wells to go. Plus 8 wells each in 3-Fork 1st thru 4th benches.
(3) Young hens whcih may lay eggs.
ND, South Prairie, 25K acres at 25% WI, cheap shallow vertical wells.
MT, FPEC, 20,000 net acres. Thin mid Bakken plus 100' thick of 3-Fork 4 benches. These hens can be almost as productive as those 200 BOPD/well producing wells of CLR, to the southeast.
WY, Hartsville Uplift (Hawk Spring), 21,000 net acres, with nearly a total of 800' pay zones laying underneath the Niobrara formations. These hens are hidden in conventional traps, pockets, chambers and pools. A true wild catter's dream.
NM, west Permian basin extension from TX. Gushers were found in near by fields. SSN has very small lease.
This gonna be a good chickn ranch if luck is on farmer Terry's side. ends....
Thanks Joe
SSN Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
