Also, you mentioned earlier the elephant in the room is financing for the additional 14 TF wells. Assuming that the rate of development is maintained (rather than ramped up), development costs should be maintained, not increased (significantly). As wells continue to come on line we should be able to self fund through revenue and debt. Current finances get us through well into next year based on the current plan, by which time our proved and probable reserves will be greater and our access to debt greater. As with any business on any scale, its always a balance between growth and profitability. Assuming the company remains fiscally disciplined through the known forward plan, I see no reason why they can't be capable of self-funding the forseable growth curve.
SSN Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
