MERGING with T.ISN Before you sell, think of this option too.......
ISN belongs to BAM. ISN is almost debt free.
Merging SCS with ISN gives a new company with 5,500 boepd (oil-weighted) and a new credit facility that has significant free room.
ISN is also cash flow positive.
ISN is plenty of free debt space.......
This way, the new company has the money (~ $10 M per quarter) and the INFRASTRUCTURE in place to focus on the OILY land in BHL and Pekisko and boost its production.
BAM has bought SCS at $2 and it will not let its investment evaporate .......