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Samson Oil & Gas Limited Message Board

  • spook2b spook2b Dec 22, 2013 6:28 PM Flag

    Momentus Energy

    About Us

    Momentus Energy seeks to capture and enhance the value of mature or technically challenged oil and gas fields which have shown low recovery factors, currently non-commercial discovered oil and gas fields which have remained undeveloped and very low risk exploration projects where data exists from previously drilled wells and/or 3D seismic.

    Momentus Energy will enhance the value of these oil and gas fields by the application of leading edge Canadian technologies such as:

    Horizontal drilling
    Under balanced drilling
    Managed pressure drilling
    Multi-stage hydraulic fracturing
    Vertical well work-over and stimulation operations
    Artificial lift optimization
    Possible implementation of secondary recovery

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    • Feel the love of the Christmas Spirit on this string lol. Can we look at some HONEST FACTS?

      1. SSN has not been able to sale the lease or they would not be entering into this deal as they need or want cash not a maybe down the road.
      2. Given no sale in the works they settle for a 3D mapping of the lease at the cost of 1/2 of the lease.
      Assuming the cost of such a price is indeed 10 million that is what they are trading for 50% of the lease.
      Lets say it could be done for less? anything over 7 million would give us the 14 million price they THOUGHT they had sold the lease for.
      3. SSN wanted a bird in hand more than another Maybe in the bush. They had to settle for a maybe.
      4. IF and let me say again IF Momentus Energy likes what they see they could drill a well of which SSN puts in zero money and gets back 33%. I am not sure from the info furnished if that is the terms of any other wells or not or if that is to be determind at a later date. But regardless for that "fight" or "agreement" to kick in there would have to be OIL or NG or both found. If found then the value of SSN 50% of the lease may or may not exceed the 14 million they once agreed to sell it for.
      5. SSN does not have the money to do anything with the lease and they cant sell it so they at least did something. This does not hurt the price of SSN stock and could over the next 6 months add some value to it or it could be yet another BUST. Time alone will tell on that.
      6. SSN business model is not hurt by this and could be helped.

      What bad do you who posted all the neg. stuff see in this? Did you think the lease would be sold after a deal with a small underfunded co. went south? Really?

      7. I did a goggle on Momentus and they appear to me to be yet another small co with unknow cash available with most players in the Co. comming from yet another small Canadian Co. so if you want to throw some stones at the deal there is your target.

      • 2 Replies to rogere1946
      • roge, if Momentus opts not to drill any wells after the 3D, this makes the Roosevelt basically worth 0, or very very little to any other interested parties. Half or bust is what this deal is. No benefit whatsoever. Just a chance something that was already SSN's may get developed for half of what you owned 2 days ago.. not good, not good at all.

      • andymaxwell@prodigy.net andymaxwell Dec 23, 2013 3:03 PM Flag

        rogerio the honest facts? ssn is a speculative wildcat investment - samson Roosevelt prospect is 30,000 leased acres of unknown wildcat territory that is totally surrounded by bakken elm coulee and other formations with commercial production from many contiguous operators of which 2 samson wells were drilled and production found with workover operations possible to complete additional production - if extensive 3-D seismic is to be shot on the eastern leases then it only proves somebody other than Samson is interested to drill. you obviously have no clue how the o&g e&p wildcat bidness works - it is to EXPLORE and TEST the untested geology and mineral rights. honest facts? nsy and rainbow prospective 34 wells to be drilled/completed hawk springs bluff-fed well to be drilled to test the 20 possible perm/penn locations south prairie prospect potential 30 mission canyon test wells for exploration - you and every other shareholder here - if you really are a shareholder - have put their money on the table to let tmb and his team FIND OUT.......honest facts.....if you don't like Samson Oil and Gas Inc. either get out or stop lying to the real shareholders who have real skin in the game.....

        Sentiment: Strong Buy

    • link please??? this sounds interesting... always looking for a smile!...

    • Looks like SSN is Santa this year! They're giving away half interest to anyone willing to do anything on their leases now.. Ho ho ho! Meryy Christmas Momentus!

 
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0.4285-0.0053(-1.22%)Jul 28 4:00 PMEDT

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