RosettaLess then stellar results for Rosetta on their first two SAB wells. Not too important to BWD as their is a pretty huge gap geographically between where we are located to them. Bad omen for PIE though.
The 2012 budget allocates approximately five percent of funds for evaluation of the Southern Alberta Basin. Rosetta continues to implement the previously announced seven-well horizontal drilling program to test the economic potential in the Banff, Bakken, and Three Forks reservoirs across its approximately 300,000 net acre position in northwestern Montana. To date, the Company has successfully drilled four of the seven horizontal wells with the remaining three scheduled to be drilled in early 2012. Two of the four wells drilled to date have been completed in the Middle Bakken and have tested at stabilized rates of 154 barrels of oil equivalent per day ("BOE/d") and 104 BOE/d. Completion operations continue on the third well. The remaining four horizontal completions will be tested during the first half of 2012.