Update on KOG Update -- Bakken, North Dakota, USA

Because I was traveling when the most recent KOG update was released, I was not able to post everything I wanted to post.

Folks invested in KOG will have already seen it and looked at it closely but newbies should take another look at it, and pay attention to some key phrases:

• KOG will add a third rig this quarter (1Q11)
• KOG is partnering with XOM on some wells (read "deep pockets" for XOM)
• December weather will impact production targets (buying opportunity when earnings reported)

• KOG mentions that production from a four-well pad will be connected to a recently completed pipeline system. That system was not named, but I'm thinking Arrow Pipeline
• KOG believes that their recent drilling results suggest the Bakken and Three Forks are not communicating with each other in KOG's core operating area in Dunn County
• KOG believes that recent drilling results lend support to "drilling at least four Bakken wells within a drilling unit." That's a verbatim quote. Note some key words: "at least four"  .... "at least" ... "Bakken wells" ....  they did not say Bakken and Three Forks wells. 

In addition to these four-wells pads, KOG is also drilling two-well pads.