thanks aussie friends...

that have posted over the last 2 years while I have held SSN. There are too many to name individually but you know who you are.

I sold all my shares today at around $2.00.

I have felt that the SSN story had the "mini" likes of a KOG, BEXP, and a few others but we needed at least one positive well result from the last 4 we have drilled.

IMO Defender problems will continue even with the Jet System forcing a "no" from HAL. As Peteng mentioned yesterday, they cost a pretty penny in maintainence fees alone and it may be weeks before we have it up and running.

Gretel has no oil cuts currently which IMO is not positive for a well that I was hoping had an IP of 500 plus.

AUS II has only been reported at 70BOPD. IMO if Terry could have posted anything positive with results from either of these wells, he would have reported it along with the negative reports.

SOA I was a failure except the new news gained from the drill. I do believe that we drill close to on time with FRT 11 and that we are successful drilling down to the Permian but I do not know about the oil shows. SOA 2 could be a huge money maker and game changer for our company but IMO it is the highest risk play of any for this company.

I am not posting this to bad mouth management or the company. Only posting to explain my logic. I really felt that we would be pushing $6 by fall but I just do not see value in our land at this point and have lost that the NAV I have put on this company at this time.

I expect a substantial increase in SP tomorrow since I put a fair amount of downward pressure on the share price today.

I have done anything but played this company well. I saw the high 4's and watched the sp come down to the 2's. I'm getting out making roughly about a buck profit for each share that I owned. I was truly expecting $5plus per share that I owned but at least for me it wasn't meant to be.

I will continue to watch closely what we are doing and if the risk:reward ratio which I have determined for myself is back in my favor I'll be buying back in. Pretty much an anticlimatic episode that I truly thought would be a huge life changer.

I wish you all the best with your trades and hope you are successful in whatever your decisions are with SSN.

STS