news next week??, page-4

Mattlee

Nothing of major significance due to be announced next week. Please correct me if I'm wrong.

Today SSN announced that the workover rig for GC#2 well is expected to arrive on site today. This rig then needs to be set up. 4 Zones are expected to be perforated (fracture stimulated) and then flow tested. This could take at least a couple of weeks. SSN hold a 35% interest in this well.

Ripsaw is expected to spud 15th - 18th March. That's when the drill hits the dirt. Then they need to drill, and flow test. This can take several weeks.

Gene1-22H is due to be fracture stimulated mid to late March, but I think if you check with the company you will be told "late" March. Fracturing and flow testing takes time.

So in a nutshell SSN will have some heavy activity towards the end of the month and into April.

Many Day Trader's have got on board today but I think SSN is more likely to be a short to medium term trade. Any t+3ers that bought into the chart breakout pattern maybe disappointed. Today was more about getting on board and into a good position to hold over time.

Hope this helps

cheers
Ange