some calculations , page-3

Ah yes. Nice figures on paper and the only one that matters is the SSN share price which is still stuck in Oz and falling in the USA - down another cent today.

"Then in first 6 months of 2011 we can look forward to:
Potential share price increase from:

Comments: Dream on, but SSN is now in the real world where only real action and real facts matter and ony one of those 'dreams' IMO has any chance of happening:

- Frac crew contract

With other companies waiting months to get a frac IMO poor ole SSN is going to be waiting, and waiting, and waiting. Please prove me wrong, but we have two more days for news to come out before the USA basically closes down for business for the year. December frac crew announcement? So far I still doubt it. Another SSN stuff up in the making.

- Rodney (27%) & Earl (32%) wells waiting for Frac - if can organise back to back and flow 20k in first month each as per Gene looking in excess of $1m in revenue for the month only to SSN - no costs to book against income as paid for in Sept 10 quarter

IMO zero revenue from these wells in the 1st quarter of 2011. No fracs.

- Harstad #2 Well in Bakken

Ditto - irrelevant as no frac crews.

- Bakken spacing

Ditto - irrelevant as no frac crews

- 3D results

Again - wells need to be drilled and nothing for months and months.

- Sale of gas assets

They have 9 days to close the sale or the tax man is going take a whole bunch more. IMO another multi-million dollar stuff up in the making.

The Dark Horse:

- Diamondback Well - currently in Sabretooth Gulf Coast area. The total production for Sabretooth on avg per quarter is approx 54BOPD and 4,400MCfgd or about 787BOPED.

Nope SSN shareholders snakebit and sandbagged with this one right after the AGM. Nothing happening and same deal if they are going to frac it.

Potential big price movement could come from:

- JV announcement and drilling in Niobrara

Need to find out about the CHK wells before any JV going ahead. Three more months until the confidential status expires and then more negotiation. Forget it until March 2011 or later.

- CHK potential royalty payment and other Niobrara results

Unfortunately we have no idea if and when and how much royalties will be paid to SSN. If we do get some money if won't show up until the the March quarterly is put out at the earliest or maybe not until the June quarterly at the latest.


- Takeover?


Yep, and that is the only thing SSN shareholders have to look forward to over the next 3 to 6 months and that IMO will depend on those CHK wells and how they do.

Looks like the information lid is pretty tight too.

So go back to sleep, dream the SSN dream while the daily nightmare of a manipulated and falling share price continues.