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Will SSN go the path of Other Juniors in US, page-2

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acreage

3,989 Posts.

28/02/15

15:37

Post #: 14837051
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Originally posted by chand ↑

Hi,

In these low price oil environment, the various junior aussie oil producers in USA are looking hard at their admin costs and slashing these to bare minimum for survival. Look at the letter released yesterday by Talon (TPD) - in order to survive and prosper, they are letting all their expensive employees go and in the process have promised to reduce annual admin costs to $600K and non executive pay to only $60K per annum. Well done talon chairman and you have shown true leadership qualities i.e. one must change ways to the prevailing circumstances

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Couldn't agree more Chand! There should be far more of those board members with morals/ethics !!
Company goes well you get rewarded, company goes not so good they want even more to pull the coy out of the shit they put it into in the first place ! Unbelievable some of these so called leaders.

Anyway, a good post.

regards

SSN Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
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