Specifically to this Qtrly, did anyone notice that SSN's production mix has become much more gassy (which unfortunately also means less valuable).
By my quick calcs, I get Sep Qtr approx 79.2% oil while the Jun Qtr was 89.6% oil. That's a big shift in a Qtr. Is that due to inventory or a fundamental change in what the rocks are producing over time (I believe the gas content increases over time for a shale oil well). Just seems a big shift and I think SSN has been high eighties for oil mix. If <80% oil is the FTM mix then that needs to be considered for revenue estimates.
Rob ... does you data shine a light on this?
SSN Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
