This is a positive tidbit. It doesnt mean SSN has sold out on the bong, it means that 1. The bong is completed, and 2. Slawson is happy with its performance and had chosen to take up their option to buy into this well (and in doing so adopts the role of operator, as they have with the other wells they have bought into). Sure, SSN goes from 57% to 23.5%, but that was always going to be the case as it was part of the original agreement with Slawson, everyone has just forgotten this because it happened so long ago...
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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