Perhaps with the big drop in the oil price which is mentioned quite a bit in the AGM presentation they now see conventional targets as the driver for the company and so less emphasis on the Bakken ?
They mention break even for Bakken for full cycle is $68 so with WTI at $77 they are still economical but not by much and perhaps not worth the risk till oil recovers. At least when the fracked ones come online we will have a good income stream for a while as they only cost $29 to maintain so still a $43 margin there.
SSN Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
