syd shareholder briefing., page-21

Seems the 4 bids at the end of the .024 que for 250k shares and the single bid of 1.5mil shares was legit as they stepped up and line wiped to buy them at .025. I feel a bit better for buying a few more last Thursday at .024. Just need to hear, all is well and oil flowing from s & a and we might outdo the Amex.

On defenders re-frac. Whilst TB mentioned that Halliburton was disagreeing with the view that ceramic would help. TB said the industry norm is now to use ceramic in that area of the Niobrara. I would like to see us have another go at it but perhaps after we have some success in Nth stock. In case the ceramic doesn't help as we would just risk having more negative sentiment from a bad re-frac.

TB also mentioned that ceramic is about 50c/pound wheres the sand that Halliburton used was 5c/pound. So I am sure ssn is weary of throwing money at it especially as we now need to use our funds on safer bets.

At the time of fracing defender, sand was considered ok.