At least that's a genuine 1,000 bo/d figure for April and it nearly gets there in oil alone. Should make money on the EBITDAX line in the current quarter but less than a million dollars probably.
They can survive without another Capital Raising but Management has a history of wanting to ínvest' in the next venture and don't care about dilution as they have so little skin in the game. There seems no other way now to raise funds as it would be currently impossible to borrow more.
SSN Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
