Yeah, the rate of decline is substantial. Of course, there will be new fraccing technologies and options to rework wells etc. Plus SSN will have the cashflow to start getting into other plays - there is a lot of talk about European shale formations being the next big area for hidden energy.
$1.50 with the current number of shares will be tricky - it'll probably be eaten up by then by a bigger fish. But certaibly more than it is now - at least a lot closer to a dollar than to the current price.
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