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Samson Oil & Gas Limited Message Board

longtimessninvestor 1 post  |  Last Activity: May 13, 2014 2:04 PM Member since: Jun 30, 2013
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  • Reply to

    roosevelt county 3D proved Reserve 15k acres

    by skull20003 May 12, 2014 1:47 PM
    longtimessninvestor longtimessninvestor May 13, 2014 2:04 PM Flag

    As a former shareholder of this company for many years I bailed out at .49c last year. I couldn't agree with your post anymore. $47 million in reserves in an out right joke. Look at any other oil company and there reserves are 2-10 times the stock valuation. I thought I was going to hold this for a long time, but when the numbers weren't adding up I threw in the towel for a loss.

    Finally it seems that some of these posters on this thread are certainly paid to promote this stock. If one cannot do the simple math of what you just spelled out they are either ignorant, or again paid to promote a losing proposition. Sadly there is no justification why this stock should be trading for more than .15c. At that price it would be a better buy with the reserves being twice the market cap.

    Best of luck to you Rogere!

0.44-0.01(-2.22%)Jul 11 4:00 PMEDT

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