So finally after all these years Defender has been called a dud and will not be re-fracked as using a stronger proppant able to handle the closure pressure sounds like it wont help. Blame it on the Bentonite !
Great to read the following two lines though as that's all the market should care about.
"Estimated oil and gas revenue of US$4.9 million for the quarter (there is generally a two to three month delay between production and the receipt of the associated cash)."
"Lease operating, exploration and administration expense for the quarter of US$1.7 million"
SSN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
