are you bouncing R Winger off of your knee flipping him around and then doing the old "in and out"? you guys are just sick f*ucks I see bonetrail below posted as well. just another sick #$%$ joining in on your festivities
Excluding the warrants but including the new issue announced today, ssn will have 126.6 million shares outstanding. Cash level will be 13m exising cash+ 5.5m slawson injection + 13.5m rosie sale+ 7.2m rights shortfall placement= $39.2m. Today Enercom estimated that the undiscounted market value of Samson’s net reserves from the JV drilling program to be approximately $0.55 per share or $61m, assuming full-field development. Query, since the value of these two components total $100m why isnt the share price at 78c ($100m/126.6m shares out). This excludes the Niobrara and other acreage... This seems undervalued.
It's never over when you a hundreds of millions of dollars worth of oil in ND. It looks like he is going zero in with a superb operator. I'm actually in shock this isn't down more in Australia. To me that says people are selling with emotion..(I know it's early there). It's going to be interesting at 9:30 tomorrow. Basically 50 million in the bank, zero debt and Slawson is drilling your best land.
I wonder if any of the new shares went to Slawson.. gave up 25% of the oil plus another hefty % in shares. Who knows?? But anyway that's just to have someone drill the wells, gained nothing but 5m which giving up 25% of these wells for drilling expertise and 5m is not what most oil companies consider a great deal. But hey, this board has its own opinions.. lol.. wonder what the American SSN will think tomorrow? They had a little different opinion on the last round of news too.