No Bluff.......... just a good presentation amongst the doom and gloom, imo
Last two fracks initially priced at $3 million actual cost $1.7 million
Rig day rates have retreated by at least 15% to $17,000 from $20,000 per day
Samson has two projects that “work” at a $50 price point:
Bluff - 550 000 BBLS, - IP rate of 500 BOPD?
The Bluff prospect on a 40 acre spacing has 20 locations.
The Hawk Springs project has 18 additional prospects
SSN Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
