In these low price oil environment, the various junior aussie oil producers in USA are looking hard at their admin costs and slashing these to bare minimum for survival. Look at the letter released yesterday by Talon (TPD) - in order to survive and prosper, they are letting all their expensive employees go and in the process have promised to reduce annual admin costs to $600K and non executive pay to only $60K per annum. Well done talon chairman and you have shown true leadership qualities i.e. one must change ways to the prevailing circumstances
SSN Price at posting:
1.3¢ Sentiment: Sell Disclosure: Held