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1.5¢ samson oil & gas limited

Very much depends if Bluff lives up to it's promise, sooner...

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buc

7,853 Posts.

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19/02/15

10:36

Post #: 14781973
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Originally posted by acreage ↑

Here is the point about the Decline Curve with SSN's production into the future. Straight out of last nights preso and it shows that they expect to hit the 1,300boepd in March but after that the company won't be able to keep pace with the decline rate.

It may well be that these new projects will assist in picking up the curve but that takes cash. Do they sell some assets to reinvest into some of their tried and tested projects ?? Interesting to watch this from the sidelines for the next 6-12 month's.

good luck

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Very much depends if Bluff lives up to it's promise, sooner rather then later. 550 000 BBLS, - IP rate of 500 bopd. A buyer for the nitrogen, a big bonus.

Conventional wells are cheap to drill, under $1 million and only take a week to drill.
A 50% joint venture @ $500k to SSN and the future looks bright.

20 locations @ 40 acre spacing could be drilled within a year

SSN Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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