the niobara acreage is not proven, page-12

Dramatic fluctuations are predicted to continue through summer 2011, with the rate staying somewhere between $90 and $120. This will be largely due to the rise in inventory, the lackluster US labor data, and the possible repeal of Oil tax breaks. This impacts the entire energy oil sector.

WTI Crude Oil

Brent Crude Oil


The large cap oil sector will tighten up and the effect goes downhill to the small cap and micro small cap companies. This is why TB and company are not putting a lot of holes in the ground, protecting cash and creating a wise business diversification strategy.
The crude oil price index for West Texas Intermediate Spot Price USD/bbl. average by Month is:
Aug 2011--101.1
Sep 2011---94.9
Oct 2011---88.0
Nov 2011---79.6
Dec 2011---73.6



Given these projections are estimates based on today's information, A company that just drills will be in bad shape.

SSN has many options by land investment and lease selling with royalty and drilling.

For the dollar investment, given all risk values, makes SSN a good investment for a small cap oil company.

IMHO SSN is a long term investment that I expect to be above A$.21 by the end of year.

DYOR

Bob