Thank you for your posts + analysis. Just two quickie comments:
1. From the monthly report, only about 31% of gas was sold, esp Sail and Anchor and BLACKDOG 3-13-14H (almost 100%). Possibly not all gas is commercial or worth capturing?
2. From your spreadsheet: If you plot Date (X-axis) vs Availabillity or Grand Total, it demonstrates the gradual ramping up of production, without comprimising environmental impact (flaring) whilst maximising hedge value against PoO. Clearly some of the wells are on choke to maintain steady state and not over produce in current market. Conversely, if SSN demonstrate serious decay in production, without bringing in new producing wells......potential lenders may get spooked.
Enjoy rest of your weekend,
MS
SSN Price at posting:
0.5¢ Sentiment: None Disclosure: Held
