ozzie price conversion, page-6

Agree gents...Oil op over 3%. For me the oil price is the cornerstone of SSN fortunes without which land would not be bought and holes not drilled. Sounds obvious however this has always been my fear with little guys such as SSN in that the potential decline in price below $70 could have undermined the whole shooting match.

That risk is slowly being mitigated as the double dip recession fears are abating and oil moves back toward $80 etc. This will assist greatly in SSN valuation confirming status to mid level producer over the next year or so.

anyone remember CVN ( Carnarvon petroleum at 1.5c and peaked 18 months ago at 90c ish.) Same story IMO

Patience + time + oil up+ good Management+ luck..= SSN

Maths 101