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Samson Oil & Gas Limited Message Board

  • harold33272 harold33272 Apr 5, 2012 9:00 PM Flag

    Question about BOPD or BOE projections for SSN ...

    What is management's estimated BOPD projection for end-of-the-year/2012?

    Thanks in advance.


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    • Well, the simple answer is: they don't have one. Why? Well, they aren't that good.

      They can report some frac water flow though. Interested in that?

      I would suggest that you review the company's latest presentation and pay close attention to IP flows on wells when new and then compare that to current production on the same wells. It's ugly.

      If you are smart, you will stay far away from this junk.

      • 1 Reply to bydbuyer
      • You can't be serious.

        Surely there is some projection. I viewed the presentation last night but didn't see any real clarity on that.

        I mean is 2,000-3,000 BOPD by Q4/2012 realistic?

        I've seen where a Motley Fool article drew a comparison with KOG, but I'm not sure that's fair, quite honestly. I don't know that SSN has that kind of upside and can be a 15,000 BOPD company even two years from now, though I'm just speculating, given the production levels in 2011 and what would have to transpire between Q2/2012 and then within two more years.

        But I'm just asking.


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