RE:RE:RE:Next BakkenI am a Casey subscriber - here is the article Silverspoon was referring to:
The Next Bakken?
Just a few days ago, a hastily assembled team including Chief Energy Investment Strategist Marin Katusa and Casey Research Managing Director David Galland were preparing to fly to a secret location. A location where a small oil company is about to drill the first oil well into what appears to be a massive new oil bonanza.
But at the last minute, the oil company's lawyers canceled the trip and imposed a total communication blackout. They did so out of concern that regulators would think having the Casey Research team on site gave our subscribers an unfair advantage.
While we are disappointed that the site visit was canceled, we have already extensively researched the company and are now free to tell our subscribers about it.
And that's why I'm writing to you today: at the risk of coming across as over-excitable, our energy analysts believe the company may have as much or even more potential than those companies that made billions in the now legendary Bakken formation.
To put that assertion into perspective, let me tell you a little bit about the Bakken. In case you're unfamiliar with it, it's a monster oil and gas deposit covering almost 15,000 square miles across North Dakota, Montana, and Alberta, Canada.
The latest US Geological Survey estimates that the Bakken contains upwards of 7.4 billion barrels of recoverable oil - and that is considered on the low end of the range. An executive of a company deeply involved in the Bakken recently estimated that the basin will ultimately yield 20 billion barrels.
And those who discovered the Bakken's tremendous potential ahead of the crowd are now very well off indeed...
When It Rains, It Pours... Cash
Until 2005, the Bakken had been largely written off as uneconomic. Then leapfrogging advances in horizontal drilling technologies changed everything, triggering a land rush that made multimillionaires out of landowners and explorers.
Take Harold Hamm, for example. The founder and CEO of Continental Resources (CRL), Hamm, as Forbes magazine puts it, "is responsible for cracking the code of the Bakken."
In 2007, the same year that Continental was listed on the NYSE, the company was the first to complete lateral, multi-stage drilling over 1,280 acres in North Dakota.
One year later, Hamm was the first to demonstrate that the Three Forks formation, which was initially believed to be part of the Bakken, was a separate reservoir and might hold more oil than the Bakken itself.
The rest, as they say, is history. Hamm is now worth $11.3 billion, which makes him the 90th richest person on the planet.
But it's not just the wildcatters themselves that rake in the big money: Early-bird investors in Continental Resources made gains of up to 459% within 14 months after the company's NYSE listing. And those who held on were looking at gains of 549% when CRL's stock peaked in February 2012.
In other words, had you trusted in Hamm's genius when he started out drilling in the Bakken, an investment of just $10,000 would have turned into $64,900 for you.
There's no question about it: The use of new technologies to unlock the Bakken, the Eagle Ford Shale, and other huge oil deposits previously considered uneconomic has been a game-changer for North American energy supplies.
And you could be the beneficiary of the next Bakken-type windfall...
The Next Bakken - But Even Better?
As I said before, our energy analysts believe that the small company we've uncovered could be the next Continental Resources, sitting on unimaginable riches.
Over the last year this little company has quietly assembled a 2-million-acre concession in a region whose geological conditions for the production of oil and gas are actually far more promising than those in the Bakken.
And in less than one month from now, these resources could be finally proven to be in place. You can imagine what that could do to the company's share price.
The company's top executives appear to have a similar vision: Many of them have personally invested millions of dollars to fund the company and its current drill program.
In July, one director of the company, who is also the CEO of a major Canadian oil player, bought 200,000 shares at the market – bringing his holdings of the company's stock to a total of 1,235,237 shares.
I think his optimism is well placed, considering that the company's management includes seasoned Bakken veterans who not only recognize the potential of the "new Bakken," but also have the skills to get the oil out of the ground.
If the initial well now being drilled meets management's expectations, this small-cap company will be on the fast track for explosive shareholder returns, potentially for years on end.
Stand Beside Us
When the Truth Is Unveiled -
for a Chance at Staggering Returns
Best of all, so far only a handful of research firms have been paying attention to this virtually unknown company. Therefore, we are uniquely positioned to take advantage of the news released once the well data have been compiled.
In fact, within minutes of the company breaking the silence imposed by its lawyers, we'll be standing by to share our on-the-spot analysis with subscribers to the Casey Energy Report... even if it's the middle of the night.
To be fair, though, I have to remind you that this is a speculation, not a slam-dunk investment. Drilling is always a risky business, so we have to keep our enthusiasm in check until the first well is completed and the initial flow data are logged.
If, however, the initial well test confirms that the company is sitting on the "next Bakken," the investment returns from its 2-million-acre concession should be nothing less than spectacular. And the odds for that happening are excellent.
Be Ready: We Expect the Initial Drilling Results
on or Around Monday, September 16
Until the company has completed its flow tests and made a public announcement, we can't share any details about the company, or even the country where the next potential Bakken is located.
But once the company issues its own press release, everyone who is an active subscriber to the Casey Energy Report will receive our alert with an up-to-the-minute analysis and specific recommendation on how to invest.
In addition, to ensure that our readers get the full picture of this exciting new play, the Casey Energy team is now preparing a comprehensive report about the "next Bakken" and the small-cap company already supremely positioned to profit from it.
While no one can say exactly when the drill will reach the pay zone and the subsequent well flow test will be completed, the last estimate provided by the company before the lawyers instituted the communications blackout was mid-September.
Based on our own analysis of the processes involved, we anticipate the company will be ready to release news on or about Monday, September 16. Of course, due to the nature of any drill program, this is only an estimate.
Regardless, once the testing is completed and the company issues its public press release, Casey Energy Report subscribers will immediately receive an Alert with our analysis - and our special report on the next Bakken.
Of course, it would be massively unfair (and poor business ethics) to release this information to non-paying subscribers.
Not to worry, though. If you subscribe today, you can still participate in the earliest phase of what could become a flood of investment into the "next Bakken."
Since we don't know exactly when the company's press release will be issued, you'll want to sign up right away in case the test results from the first well are ready to be announced earlier than we thought.