Here is the point about the Decline Curve with SSN's production into the future. Straight out of last nights preso and it shows that they expect to hit the 1,300boepd in March but after that the company won't be able to keep pace with the decline rate.
It may well be that these new projects will assist in picking up the curve but that takes cash. Do they sell some assets to reinvest into some of their tried and tested projects ?? Interesting to watch this from the sidelines for the next 6-12 month's.
good luck
SSN Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
