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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (39817)	11/14/2011 10:35:15 PM
From: E_K_S	Read Replies (1) of 78464

Big Oil find in Wattenberg field. Anadarko Petroleum Corporation (APC) said that land it controls in northern Colorado may hold more than a billion barrels of recoverable oil and natural gas, the latest sign that U.S. energy production is set to surge. Anadarko Raises Colorado Oil Tally NOVEMBER 15, 2011 online.wsj.com From the article:"...Anadarko on Monday said that results from 11 recent wells in the Wattenberg field have given it confidence that it can drill between 1,200 and 2,700 wells in northeast Colorado. It plans to drill about 160 wells next year. Based on its early results, it expects its wells will ultimately yield between 500 million and 1.5 billion barrels of oil, natural gas liquids, and natural gas. Finding a billion barrel field is extremely rare. Only a handful of billion barrel fields have ever been found in the U.S..." --------------------------------------------------------------------------------------------------------------------- Samson Oil & Gas Limited (SSN) and Rex Energy Corporation (REXX) have been drilling in the same area (Denver-Julesburg (DJ) Wattenberg Field area of the Niobrara). This is a huge oil find larger than Bakken and Eagle Ford combined!. EKS

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