Similarly, a close below $1.65 US and we could see the mid 1.40's quickly.
However, SSN has bounced technically multiple times at these levels.
Imo a significant Op update will come this week, any day now.
Like I've said, there is downside risk if poor Ft. Peck numbers dissapoint but (especially) with oil shows at SOA II and economical production with the Ft. Peck appraisal wells, SSN could double in a week from where it is now despite Greece struggles and oil tanking. Micro E&p stocks are not for the faint of heart, but SSN is only a positive update away from $3.
SOA II has the potential to be a game changer as it has all along. TB and Nenke (sp?) are high on this prospect. I suspect we should know much more before May 30.
Many including myself doubt HAL will be aboard for another well, but if they are it will provide a nice pop in the share price.
Good luck mates I'm still holding hope I can get back in for the next run up.
SSN Price at posting:
8.0¢ Sentiment: Hold Disclosure: Not Held