From the SSN quarterly report ... and they are looking for bonuses at a time when they acknowledge, "If future drilling success rates or production are less than anticipated, the value of our position in affected areas will decline, our results of operations, financial condition and liquidity will be adversely impacted and we could incur material write-downs of unevaluated properties. See the risk factors in our Annual Report on Form 10-K for the fiscal year ended June 30, 2013 including "Drilling results in emerging plays, such as our Hawk Springs and Roosevelt Projects, are subject to heightened risks." and "Inadequate liquidity could materially and adversely affect our business operations."
Maybe this needs to be reread to them at the AGM - and the question asked - how does this collate to be rewards that the company is about to give to its directors?
Hmmm!! Bellaem
SSN Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
