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Samson Oil & Gas Limited Message Board

  • logantrader1960 logantrader1960 Oct 2, 2013 9:31 PM Flag

    The latest Buzz

    Pretty comical MB we have here, but instead of going through the usual Bull S we see on this boards and for some we have real jobs that can't afford to participate in a 24 hour bang session here is a little point to ponder.

    The interest in the wells they sold to Slawson which was 50% of what they had left cost in the neighbor hood of $8M USD. If you extrapolate the production they were going to gain had they kept this interest in 6 months it would have been in the area of $24M in roughly 6 months. We all know why they did this when the cement operation went down hill and it was then verified that the contractor had somewhere in the neighborhood of $50K worth of insurance. The company pretty much wore the presses out printing shares and new investors were just not buying this latest hype for they have taken a huge loss on the original investment.

    The only thing they had left was to turn to a real operator to bail them out. In comes Slawson with know how of how to complete a well and the financial wherewithal to complete the job.

    So was TMB smart or was he dumb by giving this interest away? I don't know the true answer, but can only say the reason this stock is selling off is because there is really nothing left for the True share holders of this equity.

    Best of luck to the ones that still have faith.

    This is my opinion and I still say this is the

    Sentiment: STRONGEST SELL IN THE OIL PATCH!

    Sentiment: Strong Sell

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