The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
PIE: Large, Focused Exposure to Alberta Basin Bakken
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KIRK WILSON, Clarus Securities
(08/18/2010)
"Technology advancements have made several massive, tight light oil resource plays highly economical and sought after. The Alberta Basin Bakken appears to be the next on that list. Primary is almost exclusively focused on that play in Montana. Significant, recent industry activity in this fairway, immediately north of Primary's land position, has pointed to an emerging light oil resource play that is analogous to the Williston Basin. Large Contiguous Land Position Primary has 110,000 contiguous acres (100% WI) in western Montana, which are favorably located 12 miles south of Bakken lands owned by Rosetta Resources, Newfield Exploration and Anschutz Oil and Gas where 16 wells have been permitted, spud and/or drilled. The company also has 20,000 contiguous acres (100% WI) in eastern Montana, located NW of the Elm Coulee Bakken field where 70 Mbbls. have been recovered. Potential to Exceed Other Bakken Plays Rosetta estimates 13–15 Mboe per section of OOIP in the Lodgepole, Bakken, Three Forks and Nisku formations based on three delineation wells. This compares favorably to the other Bakken plays." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
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