Old News For Those Following Slawson, VOG, and the Niobrara -- Housekeeping -- Connecting Dots -- Nothing To Do With The Bakken

This is old news but combines news from two companies well-known in the Bakken: Slawson and Voyager Oil and Gas.

From Oil and Gas Financial Journal, July 1, 2010 (last year):

Voyager Oil & Gas Inc. is getting in on the Niobrara play, signing a $7.5 million exploration and development agreement with No. 40-ranked Slawson Exploration Co. Inc. to develop Slawson's 48,000 net acres in the Denver-Julesberg Basin Niobrara formation in Weld County, Colorado.

Wichita, KS-based Slawson will begin a drilling program in early July with an initial series of three test wells expected to be completed by October 2010. Depending on the results of these wells, the company expects to target 57 additional locations in the area throughout 2011.

Voyager purchased a 50% working interest in the approximately 48,000 acre block and will participate on a heads-up basis on all wells drilled, as well as participate for its proportionate working interest in all additional acreage acquired in an Area of Mutual Interest consisting of all of Weld and Laramie Counties.

Voyager will fund the purchase price and initial drilling commitments out of cash on hand and cash flows from current production. Voyager remains fully funded through 2010 with no debt and approximately $12.5 million of cash on hand.