Nice pickup LWR, zoombee is one of the diamonds on yahoo that make it worth trolling through the many idiots that post there.
Interesting estimate for production numbers that he puts up for year end. As a (very rough) guide to how that translates to SP, I compare to AUT who have a mcap of $1.1B and in Q2 reported net production figures of 2800BOE/D. Zoombee's estimate puts SSN's production at around 1/2 that of AUT. That being the case, halving AUT's mcap gives $550M, which is 2.85x SSN's current mcap of $193M. Put into SP terms that's 34cps.
There are of course many factors that will affect the exact price, but if we do get to that kind of output, with the drilling program proving up the new resources at Goshen Country and Fort Peck, then that kind of SP may not be out of the question if that output is achieved.
Still, one step at a time and let's see whether Terry's announcement tomorrow is the first step in that direction...
Cheers, Sharks.
SSN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
