FPL 8.33% 0.7¢ fremont petroleum corporation limited

IMO, I think not Junior. Besides the rock structure has not...

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  1. 6,312 Posts.
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    IMO, I think not Junior. Besides the rock structure has not changed and has been known for a long time. The Wattenberg Field comparisons have been used before.

    Its hard enough to get "homogenous" geology within a county let alone homogeneity from hundreds of miles away. The EFS, Bakken, Delaware, Midland and DJ Basin's proof of that. Many have "explored" Greenhorn, Codell, Ft Hays, J Sand - see Bonanza Creek Energy (Ch 11 reorg) and Synergy Resources now named SRC Energy for presentations.

    Sonnenberg's paper is here - lots of references you can read up on
    http://www.cspg.org/cspg/documents/Conference Website/Gussow/2015/Gussow2015_Abstract_Sonnenberg.pdf

    It's a bit of marketing along with a "free look". Good to generate interest and "upside potential". Its comes to the same point - who will risk capital on that play when there are plentiful others which appear to offer less risk and higher reward ... that's the choice isn't it.

    A much better prayer is for the Bird to hit oil and avoid the gas pockets.
 
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