$5,500 an acre, plus 20 percent of royalties, page-34

Insufficient funds to advance SSN drilling program without more dilution to all shareholders. What do we have now, just short of 2 billion shares and options on market!

Directors knew they had something of value and went to open market and sold to highest bidder. There were a number of bidders from my understanding and they each did their own DD and submitted their price hoping to be the winner. Even those companies that bid $5k per acre else where could have sub-mitted their offers for the highly potential SSN land if they wanted. Perhaps they did but for whatever reason the highest offer is what was accepted by SSN....the market decided the value.

I'm happy to see SSN now has the capital to realize the value of the resources underground on thire remaining holding, knowing that they didn't have funds to realistically test any of the area they initially held. Debt and cost per well would have taken all CR funds without further dilution or loosing great percentages of production to JV's that may have come to the party.

Remember we have still 14000 acres in as the announcement alluded to in the most interesting part of their acreage. $5k per acre sold equals another $70m. But 1000 - 2000 bopd @ $75 per barrel equals $7500 - $1500 per day multiplied by say 300 days p/a production equals: $2.25 - $5 million per well per year. How many wells are being planned for remaining acreage?

There is strategic planning and then there is bloody fantastic strategic planning with the outcomes quite evident.

I like what I see. Regards, Bernie