Traders will now understand that this has been a long term plays since acreage sale. I can see futher weaknes in the SP as the Market Maker take advantage of the spreads.
Fundamentally nothing has change for the long term outlook and the Niobarra plays will be more understood when the seismic 3D exercise has been completed and interpreted. For the meantime, the rest of the oil producing wells is operational and ORRI is positive cashflows. Let's scrutinize the cash burn out for the next quarterlies.
Good Luck to All Investors!!!
SSN Price at posting:
5.9¢ Sentiment: LT Buy Disclosure: Held
