don't forget the SSNO expiry will bring in 3-3.4mill DEC this year
Going from the last Qtr I understand SSN is cash-flow positive outside the large Exploration costs (SSN is going gang busters on the drilling front.....)
hopefully with production facilities in place FP and Defender fix this will mean an increase to SSN boepd towards 1000+ or round 100k+ cash-flows per day
March Qtr SSN planned to spend round 1.84mill admin+production costs 8-9mill exploration ....
100k x 30 x 3 =9mill gross ....
going forward I don't think we need to raise a huge amount as long as we can increase boepd from the drill bit and we get the J.V to take on some of the costs
SSN Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held