One -ve surprise"
the salt water disposal costs - part of purchase from OAS was I believe a couple of SWD (don't have the reference handy but it is in the public domain somewhere) which were highlighted as lowering their costs.... wonder what occurred there
Couple of nice +ve surprises in the twin laterals at $750K each instead of a $2.8M a well - if SSN can just get that part of the program (converting PUD to PDP) off to a strong start IMO it signals a turnaround. Additional capacity to lower the differential also a good sign for Williston Basin producers.
Steady as she goes in workovers ... maybe a bit slower progress than anticipated but progress. So LOE now $3,400 per well per month ... makes forecasting easier I guess. How many wells is it though.
They have done the right thing with amending the PDNP number.
SSN Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
