ssn - looks for land additions in the bakken, page-8

Thanks shewey,
My thoughts on that are that often the deals are done retroactively in nature. We knew that the gas sales of our land were done for 6 million dollars in March but the sale of the land was retroactive for January 1, 2011. The sale was not finalized however until March 30, 2011. Thus we did not get any of the procedes of the 2 gas fields during our last quarterly report even though the sale was not legally final until the end of January. I bet this is what has occurred here. I would venture that we worked this deal and that the contract is dated for after March 31, 2011 but that the sell will be dated as of April 1, 2011 and probably close at the end of this quarter (end of June). I am no accountant so I do not know if this will also help our balance sheet for tax purposes or not so I would need the help of an accountant in this area. As far as the price being too high, you certainly may be on the money. My guess is that Terry had to pay a little more than he wanted for the land. Once again, I am just trying to tie the 5.88 in with Terry's comment at the conference. I remember thinking it was really strange that he was defensive on this comment and right there I wondered if the financials were letting us in an some insight on SSN's plans. I wish I could get my hands on the financials that they are talking about but I don't think I am smart enough to find my way to those records. This is all strictly speculation and conjecture but if that is not a typo, then somethins in the crock pot! Take care and good luck to ya. Hopefully us yanks will get our act together tomorrow.
Dave