SSN 0.00% 1.5¢ samson oil & gas limited

Thought this might be useful for some macro level comparison -...

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    Thought this might be useful for some macro level comparison - from WLL earnings PR. I'm interested in the realized price at the wellhead & effect of hedging. Keep in mind that WLL is not a pure play Bakken producer.

    SSN-2016-06-WLL-Prod-Sales.jpg

    So before hedges, avg crude price received was $35.67 (vs SSN at $38.26) with hedging adding $3.93/BO (vs SSN noting receipts of $201K with oil prod of 84,549BO for a gain of $2.78/BO)

    Comes out to $39.60 for WLL vs $41.04 for SSN   ... well done matching up there.

    Note that WLL shows avg WTI as $45.57/Bbl. Validates SSN claim of differential shrinking, as it averaged  $7.31 for the Qtr. WLL guiding the differential as $8-$9 for Q3.

    SSN noting "lifting costs" at $10/BOE.  WLL has $10.81/BOE (LOE ($8.61)+ prod taxes($2.20))
 
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