A Bakken Oil Play News
Canadian Energy Exploration Inc. has identified 13 gross sections on land the Company owns or has under its control 100% that contain prospective Bakken rights on a structure that the Company believes extends to and through the “Bakken test well” referred to in the article below. In addition this structure, identified on the Company’s interpreted 3D in 100 square miles and as provided free of charge by the Farmor on the Company’s Hardy block, extends to and through a HZ well at 2-16-4-21W2M, which is currently producing over 50 bopd from the Bakken...
there is more on their website.
BUT, the wells they are talking about are producing 25 and 75 barrels a day. thats pretty awful compared to other oil deals elsewhere.
There isn't much upside at 135M shares out and those kind of numbers.