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Samson Oil & Gas Limited Message Board

  • logantrader1960 logantrader1960 Nov 19, 2013 5:23 PM Flag

    The truth of the matter is............

    This is off of the latest SSN presentation which is currently on there web site dated November 12 , 2013. So don't listen to Andy's other identity AKA joechentva which claims 6 wells at 300BOPD and a working interest of 37% which would equate to 665 BOPD.

    Production (Sept. Quarter, 2013) 211 BOEPD (Page #3)

    Their proven and probable reserves = $54.21M (Page 8)

    North Stockyard Production... Current net production of 130 BOEPD (Page 12)

    So there you have it after all of the hype of the Sail and Anchor you have 130BOEPD just after two months???

    IMHO the price of the stock today is trading to reflect the future production and that is all built into the current pricing!

    No wonder they are contemplating printing more shares!

    Sentiment: Strong Sell

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