"Upper Cretaceous Niobrara Formation with porosity up to 40% (excellent storage capacity)"
Dunno if anyones twigged to 80 metres of 40% porosity by 18000 acres.
That is just one massive swimming pool of oil and gas.
This is a bit interesting as well
"Indication of natural fracturing on structure"
I would love to know what weight the drilling mud was, given this is so close to surface you would not expect a very high reservour pressure so this well could be a boomer.
SXA Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held