The sp has held up reasonably well on the ASX considering the constant falls over the past few weeks on the AMEX. I expected the ASX price to dip below 2c given the shutting in of so many wells and the resultant drop in revenue.
If as you say, "Can't see it being till Oct before they start bringing wells back on line", then I don't believe the sp can stay at its current levels. If it falls too far, the market may well say "here we go again" and confidence in the stock will take a battering. In my opinion it is imperative that the wells come back on line ASAP and that the Bootleg fracs lead to a significant increase in production.
SSN Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
