Ann: March 2015 Quarterly Report and Appendix 5B, page-7

Buc, I think numbers wise that was as good a quarterly report as one could expect when considering the environment of average oil price Dec $58.51 and March qtr $38.72. By my calc's the operating result (including hedging) was $673k positive which more than covers the interest. SSN appears to be one of a handful that has achieved cash positive in this quarter.

The highlight for me is the production cost ($1,239k) which for 75,336 boe is around $16.45/boe. The 10q will be more indicative but even so will watch that number closely. 10q may probably also give some update on the loan which is also important.

The low OP is doing our homework for us now and the stronger better managed companies are becoming much easier to identify imo.
Cheers