rodney 1439 bopd, page-37

TonyIndo,

For the reference I do rate SSN highly (especially after the Roosevelt acquisition).

I'm guessing Shark's comments "don't worry about the IP of the Bakken, they'll flow OK, it's the 1st Niobara results that will be keen for SSN's LT SP growth" were made at least a week ago, because the new acquisition makes the Bakken possibly even more important to SSN as the Niobara.

Now sure, the current Bakken wells are not necessarily indicative of the future Roosevelt wells, but since they're in the Bakken formation I'm sure they'd be much more relevant than the Niobara wells!

I was going to buy in on Monday but I believed another stock had a better 2-3 week potential (announcement impending), so I purchased that instead.

Once this announcement comes out in 2 weeks time or so I'll re-evaluate my position and potentially buy in to SSN.

And yes, the ORRI is phenomenally important to SSN.

With the new 90,000 acre option SSN has alot of development which could take place there, and although the company said the acquisition and first 2 wells would be financed through current cash resources, the ORRI could help to ease cash flow circumstances for future development.

Here's hoping I don't have to catch-up to SSN's share price by as much as my other stock has risen/fallen in the next 2 weeks!