TU Binbin for your research, but Thumbs down to the guy who...

TU Binbin for your research, but Thumbs down to the guy who wrote that.

The NW Kansas result was
a)based on a DST result
b)from the LKC interval, not the ML

The data released has no relevance to the ML other than to confirm it is there.

Also to state that the EV:acres ratio is very low is misleading. The Kansas acres have no publically available data to state they are commercial...to my knowledge anyway. Thats part of the reason AOK did not complete in the ML. Acres in NW Kansas are going for about $200,while the established play is $1000+ (Sandridge off loading for $4000 +).

I guess people on the ground can see by the activity if wells are commercial (just look at the rigs and trucks). AOK may be doing that and taking a position, but Kansas is a punt at this stage IMHO.

I think verticals and horizontals both have their place. The verticals provide good control and data at lower cost. They also hold the lease by production, and give access to stacked plays if a duster in encountered. Once all data is available, horizonals can be optimally designed and completed. I think this is the strategy that AOK is persuing. A wise move given the poor showing at Tulsa in their early years.