SD is Onto the New Play, here is a sneak preview of what you can expect:
Shallower Depths - Pay Zone Starts @ 4,000 ft and extends to 7,000 ft depending on locations.
Much Less Water Problems to deal with, at least based on Vertical Wells.
Older Field(s) with 8,500 Logs and IP’s available for review. Actually its larger than that.
Several Blockbuster Wells drilled in the field(s) in the past.
High concentration of Oil in portions of the play - it spreads out a long ways.
Infrastructure for the most part in although some in decay.
It will take time to tell whether this is better than the Ole Miss, but Ward and the Geology Department are onto it.
The Dirty Dozen Rides again, we get things figured out first. Some of us are in the O & G Industry, others of us on Wall Street, and quite a few of us just Savy Investors that Dig for the information. Sorry Senior if you don’t like the Dirty Dozen name, but we get down and dirty (especially Huge Balls and my Horse) we dig the info up, and get our fingernails full of Oil in the process.
Drawg may think we are rapists, criminals, and murderers, and I agree with him: we are going to put it to the Shorts.
And no, I am not going to let onto where the play is at present. It could effect lease prices and the ROI on our SD investment. When Ward wants to let the info out, I’ll back it up with research. In the mean time if you want to rely on Analysts that just can’t seem to keep up, so do it.
It is primarily a function of Core Asset Locations. Which ones are closest to Head Quarters, and existing plays. The Ole Miss was close to home, and a function of how many Well Logs and IP’s that could be studied. The Ole Miss was a somewhat new technology play based on old vertical wells (and a totally new way for SD which never did Horizontals in the past), essentially well bore to well bore with new horizontal drilling and to a lesser extent fracking (not the really high pressure types) techniques - but multi staged. The application appears to be working quite well and now its time to expand outwards. The New Miss is more or less the same - Carbonate Structure - easily fracked and very similar geological and rock formations located within it.
Ward likes to fly his Jet around his fields without spending too much time in the air. The Ole Miss and Permian satisfied this criteria, he may have to fly a bit further on the New Miss.
Once again, do your own DD. I am Long SD, but there are risks associated.
Now where is Drawk or WI, my horse is getting horny for some shorts.
SD has completed its first horizontal well, in the new Mississippian. The wildcat well is producing an unknown amount of oil from the
Mississippian formation. Vertical wellbore was drilled to an estimated depth of around 4,500 feet before kicking off
laterally in the zone to drill hole to a true measured depth of 9,342. Bottom hole location stretches in a due northerly direction and production comes from 5,380 to 9,342 feet measured depth. This is unnamed pool discovery.
Disclaimer, I am Long SD and all thoughts, statements and opinions are my own. None of the other “Dirty Dozen” have authorized my statements. Do your own DD and come up with your own conclusions.
PS to Senior, I appreciate your support. And am sorry that I have to get down and dirty, but that’s the way it is. To the rest of you, follow Senior’s advise, he is a long time and successful investor.
Rainbow, sorry if you misunderstood my post referring to the dirty dozen. Perhaps I didn't frame the post very well. I simply did not think that was an appropriate name for those of you who have shared your expertise in the oil patch, your excellent DD and opinions about SD. To me the name seemed to imply a dishonest motive on those of you who have spent much time and effort to present this information. I appreciate and respect all the contributions you and others have made.
Client9, Your the only MULLET I know besides WI, I know he's you boyfriend and you two try to make nat. gas under the covers at night to stink up our message board daily! Just tell WI to suckyourdick on the stool so you don't have to go very far to spew your B.S.
Sentiment: Strong Buy
Can't do it. Yahoo! Won't let me vote again. Left you a $20 and a couple slightly used Magnums on the nightstand of the guest bedroom instead. Dawrk's wife needs a ride home. Maybe when you drop her off he'll give you that precious star.