The Niobrara formation has emerged as another potential crude oil resource play in various basins throughout the northern Rocky Mountain region. Based on studies conducted by our geotechnical teams, we are focusing our operations in prospective portions of the DJ Basin of Colorado and Wyoming. We are currently completing our second and third Niobrara test wells in Weld County, Colorado. The two are designed to test a high resistivity, porous chalk fairway in the play, where the Company has approximately 25,000 net acres.
All statements on this page are made as of June 2012 and may not be accurate at the date you are reviewing this page.