if we take your approx $12 profit sharks, just for conversation sake this would cover:
- our ridiculously high admin costs of about $9.5million, this needs definite looking into at the AGM!!!
- leaving us with about say $2.5million, which I would rather see paying interest off a loan being used for drilling wells. That would cover just on round figures about a $40million loan, we'd get at least another 8 wells in FP for that (using $5million - at 66% WI)
SSN Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held