This particular writer likes these three more speculative, smaller cap plays in the Bakken: USEG, Triangle Petroleum, and VOG.
This article is on VOG (in earlier articles, the writer discussed USEG and Triangle).
VOG:
Voyager's primary asset is 33,000 net acres in the Bakken/Three Forks. The company anticipates 50% of the acreage will be held by production by the end of the year. The company has 33,500 net acres in the Heath Oil Shale in Montana, which management believes has similar characteristics to the Bakken. They also have 65,000 net acres in the Tiger Ridge area of Montana. This acreage is a natural gas play and drilling is not economical based on current natural gas prices.
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