operational advisory 20/3, page-61

"Now you can continue to judge how "smart" I am based on your own unmet expectations of a stock if you like."

No way do I judge you on what stocks you hold etc. The point I was trying to make that you never have/show any negative towards SSN, never frustration or dissapointment. All I was saying is pretty much, how could you not?

We will have to agree to disgree on some things, as I can understand that O&G is a complex business and that delays are inevitable. What I can't cop is when they should have been dealt with within an announced timeframe.

I don't ever expect an announcment to be "the one" but yet have a realistic expectation that we should be getting things right, at the moment SSN isn't. It may be 3rd party contractors, but who employs them to frac the well...

It's all well and good to have so much potential, but when you don't deliver your nothing but another 'maybe' company. If you follow horse racing, SSN is like 'Smart Missile', he showed all the promise in the world, yet never delivered, now he is off to stud without ever winning a big race. Let's just hope SSN doesn't get 'retired early' like him.

The bottom line is, over the next 6-8 weeks of new wells (Aus II, Gretel and SOA II) SSN has to deliver as sharholder sentiment is a massive thing and if it keeps eading in the same direction, management will find it very very difficult to turn it around.