SSN 0.00% 1.5¢ samson oil & gas limited

Assuming by cheap they mean say $2000 per acre. 5000 acres...

  1. buc
    7,861 Posts.
    lightbulb Created with Sketch. 11
    Assuming by cheap they mean say $2000 per acre. 5000 acres amounts to $10 million. At 33% interest, only $3.5 milion to Samson. Given these are proven fields and cheap to drill as coventional are, only $1 million, $350k to samson, it does sound promising.
    Could drill 25 wells in a year, easy,

    Opportunity knocks once.........
 
watchlist Created with Sketch. Add SSN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.