Thanks for clearing that up. That's one item SSN CFO could do us all a favor and simply report the EBITDAX reconciliation like just about everyone else - removes the guesswork.
Understand your bias on production cost - why I noted the asset has value to another lower cost operator. My focus is on the company's overall breakeven - are they generating incremental cash for their business.
Net income is taking into account the impairment losses which are non-cash, hence the big differences.
SSN Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
