Unable to attend Perth AGM but perhaps someone could raise following:
At what PoO do some of older Zav wells become too costly to maintain.
From August 2014 production data:
Column 1
Column 2
Column 3
Column 4
0
Well Name _
Aug BBO
BOD
1
Harstad 1-15H
490.0
15.8
2
LEONARD 1-23H
1352.0
43.6
3
GENE 1-22H
1735.0
56.0
4
RODNEY 1-14H
1400.0
45.2
5
GARY 1-24H
2061.0
66.5
6
EARL 1-13H
3118.0
100.6
7
EVERETT 1-15H
967.0
31.2
What is break even production at current PoO? I know SSN has some hedging protection but would appreciate some clarification/prediction/modelling on hedging + PoO mix impact on SSN bottom line?
OR more bluntly, when will revenues from production actually cover SSN expenses?
Maybe then we can address any mgment bonuses.
Good luck
MS
SSN Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held