"Our existing wells had a revenue of $6.5M last financial...

"Our existing wells had a revenue of $6.5M last financial YR.What is your reasoning as to how these wells will almost double in revenue considering the wells decline rate"








I used 375bopd as reported by the company for the 3rd qtr

2011 in the December 2011 presentation below.


375bopd x 350 days = 13 250 barels per/yr


131 250 barels @ $90 = $11 812 500


I also haven't used any production rates for Defender and SOA,so at this stage we are assuming they're going to be unproductive.



COMPANY SUMMARY
NYSE: SSN ASX: SSN

Key Statistics :

Market Capitalization(1) $164 MM

Long-­-Term Debt(2) Zero

Shares Outstanding (6) 87.51 MM (99.9 MM diluted)

Average Daily Trading Volume(3) 1.4 MM shares

Dual Listed ASX and the NYSE AMEX (SSN)

Total Proved Reserves(4) 714 MBOE

"Production (Q3 2011) 375 BOEPD"

Oil as Percent of Total Production(5) 71%