No hedges at $44 ... but lots of swaps at $41.20 ... 14,240 per month is my guess or around 475 Bopd ... that does not appear to be in accordance with Credit Facility (see 2 Minute warning post). Does not appear that additional swaps have been taken
No mention of EBITDAX in this report .... it will be in the 10Q but will it be enough (hopefully yes given the spot price in Q2 AND the narrowing of the Bakken discount)
Production results require further analysis but as SSN reports most wells put online in June so real results occur next Qtr.
No movement on the equity issuance .... run silent run deep
Easily passing on the minimum liquidity requirement.
Nothing on the Excess Cash Flow front ... that will come also in Q3 most likely (oil price cooperating and all).
GFTA
SSN Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
