"I guess SSN, is paying a high operational cost to gain what they can in negative oil cashflow in existing joint ventures..so far...""
junior101, How many companies break even or are profitable during the early stages of a development phase?
Can you mention at least one?
"Memorial Production Partners LP (MEMP) said it has signed an agreement to purchase oil producing assets in south central Wyoming from an undisclosed seller for $935 million.
In a statement Monday, Houston-based MEMP said it plans to acquire approximately 6,800 gross (6,800 net) acres -- including 140 producing wells and 166 injection wells -- in two fields of the Bairoil Complex, which is located in Wyoming's Carbon and Sweetwater counties"
SSN Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
