RE: Confidence & Competence80+ sections of crap Bakken lands. The four earning wells are all failures. 80 BOPD initial production is nothing and will never payout. In three months that well will deplete to 15 BOPD. Their only hope is the Viewfield which is quite prolific. The Bakkens there are 400 BOPD IP's and much lower declines. The frobisher is questionable as it is quite tight. The average porosity is only 8%.
Still not quite a believer in the stock yet. It may ride sideways for a long time.