We will have 12 Sections secured very shortly with at least 16 wells per section. ( some more than that ) 12 x 16 = 192 new wells that Superior can participate in. The pace of drilling is controlled by the operator. However, if Superior has the funds raised in advance Superior can propose wells and force the operator to drill the wells. (That is how I understand it to be.)
SE once said that he would like to see the company have exposure to 1,500 to 2,000 wells for a future drilling inventory, just in Oklahoma. At the time I wasn't sure how the boys at Superior could pull this off, but I can see how this could be very possible now without a lot of effort.
I also don't know what they might have in other places like the Marcellus or Utica. I strongly believe it's a matter of time before we hear of some big developments there.
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