Huge, Huge, Huge -- The BEXP Press Release Today -- Bakken, North Dakota, USA

Looking at corporate presentations over the past year, it appeared to me that the Bakken/Three Forks could support eight wells per 1280-acre spacing unit.

Today, BEXP says the same thing.

That's a huge story.

This supports Harold Hamm's assertion that the Bakken/Three Forks has 24 billion barrels of recoverable oil vs the 5 billion or so the USGS says is there.

Two years ago, folks were looking at an average of one well/section.

Then it went to two wells/section. Now we are at four wells/section.

On top of that, BEXP is going to accelerate its drilling program.  I believe BEXP started last year (2010) with six rigs and said they would be up to eight rigs in early 2011. It certainly seemed like it took them a long time to get to eight. But the wind has been taken out of my said: BEXP, today, announced that it is going to accelerate to twelve (12) operated Williston Basin rigs in 2011.

That's huge.