200 feet of free oil!!, page-59

LWR

In a perfect world i would be glad for SSN to keep the Permian play at 100% WI. To do so would cost over $1B not including the Niobrara, North Dakota, or FPEC. At some point SSN would have to do a serious Cap Raise even with increasing revenue.

Depending how many wells it will take to de-risked and prove their leases, I believe SSN will be taken over and it may be sooner than you think. I just hope it will be at a target which will reflect its true value.

Good luck Matsim