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1.5¢ samson oil & gas limited

Can I get some of what you are smoking please. We will be lucky...

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277 Posts.

18

07/06/18

11:22

Post #: 33556927
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Originally posted by mufc ↑

No mate no contact with Mr Barr as much as I would like to.
Very interesting development in today’s announcement , the significant asset must surely be Foreman Butte .
So given the multiple interested parties mentioned by Ssn and that this asset was earlier to be sold for 41.5 million to Firehawk leaving 12 million in the bank after paying back mutual of Ohoma bank left 12 million in the bank and representing a cash asset value of 0.0045 per share.
Thankfully imo firehawk could not finance
So I’m hoping with the higher oil price and future oil closer to $80 a barrel Terry and co can
Settle on a sale of Foreman Butte closer to $100 million and after paying debt would leave $60-$70 million in cash and a cash asset value of close to 2 cents a share !!
Imagine an oil junior with that sort of cash at hand this could really gap up on open
Good luck all

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Can I get some of what you are smoking please.

We will be lucky to get terms as favourable as the firehawk deal with foreclosure at the bank looming overhead IMO.

SSN Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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