I received an investment letter touting oil companies in the Bakken, North Dakota area as potentially sitting on large reserves with the ability, due to advanced drilling techniques (horizintal- fracture etc), to recover the oil very profitably. For a $99 subscription you can get the name of the company.
In the case of this company it appears they are focused on this area and have cash to carry out real progress. The latest news release is very promising. If one can get a handle around the reserves and their revenue from whatever percentage of these wells they own it could be interesting. The statement by the CEO that they expect to fund future drilling from cash flows indicates they are on their way. I am taking a small initial position and starting research . Crusader Rabbit.
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