limbo, page-15

well done jbmurc, you have finally come up with something constructive without blowing your own trump, I'll give you a thumbs up for that ;)

you have presented some very valid points, how's about we have some constructive debate about them hey.

Fact-SSN hasn't been a good operator of Oil&gas exploration fair call, I totally agree as I think 99.99% of investors would
Fact-SSN mgmt have and will look after themselves before S/H another fair call, the only thing I will say is this is common for about 95% of listed companies mgmt
Fact-SSN results for the last 2yrs of operations are very poor pretty much correlates with your first statement. Granted TB and everyone were super confident of positive results and we haven't received them, but what is just as important is what we have learnt from them. If you take SOAI for example, we never hit TD cause of that pesky salt dome yet SOAII reached TD and this was purely due to the fact of the data and everything that was learnt from the first well drilled. Go and have a look at sharks recent post for an idea.
Fact-thumb ups on thread will not drive the SP higher stupid comment IMO, if your talking about the so-called "cheer" squad it's peoples own fault that believe them and don;t do their own research. Most of the so-called cheer squad generally back up their confidence with fact and research so call it what you will.
Fact-many SSN holders have become very emotional and so have many SSN non-holders, alot of the emotion has been contributed by the "I told you so-ers" and "do-gooders" who have already sold
Fact-SSN has been and continues to be in a downtrend this is true, only results will change this. It (along with plenty of companies) has been in this phase before and has turned around can't see why it can not happen again
Fact-SSN has not got 18mill in the bank SSN had a closing bank balance of $18.8 million dollars at 30th June 2012, so they may not have $18 mill at the moment, but it wouldn't be much less.
Fact-SSNO are very cheap to the heads 3c -4.8c etc(were very cheap<<<<) yes they are
fact-SSN is not cheap when compared to recent history/production/cash backing to peers what peers are debt free with massive amounts of prospective land and are currently producing 300BOPD? SSN isn't valued on this as much as you would like it to be, it is valued on proven potential, which is achievable if it can fix up it's operational problems.

One big Fact you did leave out was, SSN holds land that has been proven to hold oil.

The next step is for it to prove it can be commercial which is where we are having problems due to operational issues, we all know something must be done to fix this for us to succeed. IMO we will have a Farm-in partner for FP that alone IMO would turn this SP around, and even though TB hasn't proved he can succeed from an operational perspective, we all know he can make good deals, I wouldn't bet against him Farm-in in the like of Continental for FP.