Here's a quick summary from SSN's slideshow for those who've come in late.
On a 100% basis SSN's Goshen assets alone are worth US130 mil (or A$153 mil @ 85c forex) includes the 60% sell-off.
Refer daily charts by Prof Madmacs. This will explain the daily surge in volume, which is now self-explanatory, as we draw closer to the 26th of July.
Note SSN have applied for permits to 3 wells in Wyoming,
here's the Link. Shows they r serious.
Now why will anyone bother to pay US$76mil, one might ask.
B'coz of the successful results from the Niobrara at Jake-2 by EOG in Q4'09.
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