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1.5¢ samson oil & gas limited

"...cheap to drill, under $1 million" ??? Are you talking Bluff...

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cmonaussie

10,766 Posts.

3519

19/02/15

10:50

Post #: 14782158
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Originally posted by buc ↑

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

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"...cheap to drill, under $1 million" ???

Are you talking Bluff (SSN quoting $3M - am I interpreting that correctly with SSN @ 100% interest). Definitely would need a JV and drill carry to develop

SSN Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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