Most, if not all, Webmasters took Thanksgiving off, which put a huge dent in those pinching their free services. Obviously, the Webmaster at Sandy, the Jiimies, and the MMan's Shelter took the day off which stranded Sandy, the Jiimies, and the MMan who were left both penniless and without a free Internet connection. Fortunately, the Shelter surely offered a free Thanksgiving dinner to it's residents from donations from the community, so the day was not a total loss. Of course, having 24/7 paid services, Vern doesn't need to worry about Webmasters.
They don't have a choice do they. Every dollar needs to be wringed out to keep the lights on. Unproductive leases will be abandoned with no companies wanting to buy them. Other company's leases may come on the market, but at what cost to develop, seismics are expensive. Every dollar expenditure is going to be scrutinized, and at $0.26 pps, it's more like every dime here.
Samson Oil and Gas Web site - "INVESTOR RELATIONS" - "TERRY'S TOPICS" - "ARCHIVE" - "16-Aug-2012 Shelf Registration in the U.S."
What are the "Stay Listed Requirements" of the NYSE MKT Exchange?
Since there is mention of those requirements at Samson's own Web site, but the link goes to a "Page Not Found" at the Wall Street Journal, I would like to know what they are.
Any substantial investment could be subject to a reverse split to get the pps to an appropriate level.
This is important information that needs to be disclosed.
Unfortunately, with the price of crude it will mean every new well will be quadruple checked before a bit hits the ground. All those subterranean caves you thought were so interesting Sandy will have to be abandoned and who is going to buy that lease - along with expensive 3d seismics?
Another costly mistake...
John Kilduff, partner at Again Capital, a commodity investment firm that sees prices diving into the low-$50 area early next year, agreed highly leveraged shale producing companies are a risk to watch for.
Small companies that have levered up to fund exploration and production will see their margins squeezed with bankruptcy "a distinct possibility," Ivan Rudolph-Shabinsky, portfolio manager of credit at AllianceBernstein, wrote in a blog post this week.
"Companies involved in exploration and production—known as 'upstream operations'—are vulnerable simply because they've earmarked too much capital for production.
Oil Seen in New Era as OPEC Won’t Yield to U.S. Shale
"U.S. oil production has risen to 9.077 million barrels a day, the highest level in weekly data from the Energy Information Administration going back to 1983. Output will climb to 9.4 million next year, the most since 1972, it forecasts.
Middle Eastern exporters including Saudi Arabia, Iran and Iraq can break even at about $30 a barrel, while some U.S. producers need more than $80, Sanford C. Bernstein & Co. said in a report last month. "
It's important to know what the break even point is on drilling additional wells. Current prices for crude demands that companies provide a break even price point so that shareholders and lenders are not over burdened with unproductive wells that will never be profitable. To date, wells containing Nitrogen gas aren't marketable and the outlay of cash to drill them represents a bad investment. Continuing to drill in a lease area that is producing Nitrogen gas wells, with no marketable products, is a money-wasting program that should be abandoned.
oil continues to slide?
Banks have been loaning big capital and small oilers have been taking the money and using it to buy new drilling prospects, but with the current glut, this may be the next shoe to drop as these leases are sold to keep the lights on and pay interest on the loans.
Drill baby drill, may be changing to, over hills over dales we will sell our trusty wells.
and Prices Fall Further.
On news of the decision by the Organization of the Petroleum Exporting Countries, the price of Brent crude oil, a global benchmark, fell an additional $4 to a four-year low of about $73. American crude dropped below $70, an even more significant threshold.
Rabbits For Sale...Each Customer will be guaranteed a male and a female rabbit...LMAO !!
I'm not Kloza, that would be the bouncer that Carmine sent to get the money Sandy lost on last week's NFL games....
$35 Next Year.
Wednesday, 26 Nov 2014 03:23 PM
By Dan Wei
"Thirty-five dollars is a possibility if they don't get an agreement next spring because that's when the oil really starts to build, and you can have 1 billion barrels of oil with really no place to put it."
LMAO Sandy, the Jiimies, and the MMan...
Perhaps rabbits would be a better Investment..
That's a legal statement posted to pump a stock for personal benefit.
I wait and pounce on situations like this. I will wire money in today, and it is available to trade on Friday. Vern bash it down some more for me so I can add at a better price. "
MARK AS EVIDENCE YAHOO LEGAL !!!
Enjoy your Turkey dinner...at the Shelter.
LMAO Sandy, the Jiimies, and the MMan
Thanksgiving is a great day to grab your box tops and pick a busy intersection !!