"So when current wells in development are completed and put on production, all planned future drills will cease and exploration will be minimized"
The presentation only suggested stopping NSY development until conditions are more favourable. I'll bet you my holding the forward plan is not to cease all future drills and exploration, Rainbow production is currently being assessed, Bluff Fed being flow tested, Roosevelt is even back in the game. Details of the new verticals (which I assume we plan to drill...) yet to be announced.
The company has positives coming out of its ears at the moment, only by filling future unknowns with worst case negatives can it be made to appear otherwise. I have no concerns about the progress being made by the company, let us hope the macro picture gets 'well' soon.
SSN Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
