Credo Provides Bakken Update

Long, long story here at Rigzone. com. 

Maybe some data points from this article later.

Meanwhile:

No link; from Yahoo!InPlay which is dynamic and the link will be gone tomorrow.

Credo Petroleum updates Bakken and Three Forks activity; co stated 'We will build further momentum in fiscal 2012 by setting new drilling records, with 85 gross (37 net) oil wells currently on our drilling schedule. 

The Petro-Hunt 148-94-17D-08-2H located in Dunn County, North Dakota, was completed in the Three Forks formation and produced at a 24 hour flowing rate of 1,700 BOEPD. The well is operated by Petro-Hunt and Credo owns a 10% working interest in both the well and the 1,280 acre spacing unit.

To date, the Company has completed 12 Bakken and Three Forks wells, all high rate producers, with cumulative gross production from the wells nearing 1.2 million BOE. The Company's average working interest in the wells is 7.5%. Drilling activity is escalating on the Reservation, and the Company currently projects that it will drill at least 20 Bakken and Three Forks wells in fiscal 2012, with an average working interest of 10%. Seven of the 20 wells are currently in various stages of being drilled or completed. Three of the wells target the Three Forks formation and four target the Bakken formation.