The to the moon scenarion...Excerpt from Beating the Index:
The Alberta Bakken Oil Play:
..."In the Alberta Basin Bakken, the companies are scrambling to secure asmuch land as possible. Millions of dollars are being spent on landsales and leases. Joint Venture agreements are being announced and themajor players are following it closely. Even though several exploratorywells have been drilled on both sides of the border, data is being heldtight until everybody has finished positioning himself. RosettaResources (NYSE:ROSE) was one of the few to report significant oilhydrocarbons in place and over-pressured reservoirs. The companyestimates that there are 13–15 million barrels of oil in place persection. What that means is that a junior company holding 100 netsections with a theoretical 10 mmbls per section and a 15% recoveryfactor is sitting on 150 million barrels of light oil."
Roseta driling sits on IFRs fee acrage and with ~26 net sections this would put quite a value on the holdings. Got to sit and wait for those official results to roll out...