Just a short comment.Raw Land is always a tough thing to value. f you have no land you have nothing - if you have more than you can hold on to your reach has overextended your grasp and you get indigestion from all the rentals and potential expires.
But getting a large contiguous land block in the US is always a challenge (unlike getting large chunks in Canada where it is relatively easy to put together a decent land block in under valued or "quiet" areas).
It looks like they may have some prospects where they have grabbed this land and maybe there are only a few older offset wells to work off. The example they use is just an old e-log and microlog over the Bakken interval. From the resistivity log the Bakken looks wet (as it usually does) but what is very interesting is the character of the microlog which shows a thick permeable interval through the Bakken Interval.
The land is perhaps seen in a neutral light all the while its prospectivity is considered to be low. But prove up some decent oil production on one or two potentail targets and what was once neutral sometimes becomes extremely valuable... Lets face it - getting a large land block almost anywhere is difficult. Personally I look forward to seeing a well or two go in down here and see what they can prove up for both Bakken as well as Shaunavon potential. It may be all Buffalo pasture - but on the other hand???
GS