SSN is really going places here. Third high volume day in a row. As soon as the old stale holders sell to the new lot this is really going to move. At the moment it's churning through the 1.8/1.9 level. VWAP of 1.83 doesn't reflect the trading in the last hour - nearly all 1.9.
Today's ann included:
"Evaluation of the logging program suggests that 6 feet of oil pay was intersected in the Mission Canyon. This pay returned oil and gas shows and whilst it is not intended to test this zone it will be cased as designed, and be available to be produced after production from the Bakken Formation is ompleted."
This from their quarterly:
"The Gene 1-22H well, a 17060 feet measured depth Bakken test, commenced drilling late January 2010. This well offsets the successful Leonard 1-23H well, currently producing at 150 bopd."
And now they have found more oil before they have reached the TD, and the TD is in a known producing formation. Apart from that SSN is already making money from other wells. This has to be a no-brainer multibagger!!!!!
