Noticed an operations update over at SSN, interesting to note their Blackdog 3-13-14HBK well recorded an IP of 1,995 BOPD with 3.2 MMCFD for a combined rate of 2,527 BOEPD, they used 8.5 million pounds of frack volume. They have also secured $25 mill in debt funding for their continuous drilling program. Net effect on their SP, no change. Tough market ATM or is it just poor sentiment?
Understand they are operating in a different region etc.
Both companies in the process of growth with SSN SP at 2.6 cents vs. our 1.3 cents SP, SSN MC is around three times ours, with continuing success I would like to think AKK SP should get to around 2.5 cents. You would have to think we should be around 500 plus barrels of oil net per day in the not to distant future.
Looking forward to continuing good news and success with AKK.
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