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1.5¢ samson oil & gas limited

About SSN and other Australian Junior Producers from SeekingAlpha, page-3

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buc

7,887 Posts.

11

02/07/14

09:34

Post #: 13598408
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Originally posted by sirkiteman ↑

After a meticulous analysis with maps, numbers and key ratios, the author notes:

"Samson Oil does not have any debt problems, but it has negative operating cash flow for several quarters now. This is a major disadvantage of course. Given that its production is coming from the Williston Basin, Samson has to deal with the harsh winters, while it is also exposed to volatility of differentials from WTI. Given also that Samson is not the operator of its acreage, it is fully valued at the current price of $0.44. "

The author is long Lonestar Resources (LNR).

The article is also posted at Yahoo Finance, at the headlines of ZaZa Energy (ZAZA), because ZaZa is another junior that drills at the Eagle Ford shale.

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I'm interested to know, is Samson fully valued before or after Matilda 1, Matilda 2, Bootleg 4, Bootleg 5, Bootleg 7, Bootleg 6, and Billabong start producing?

SSN Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
17 Upvote

0 Great analysis

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