Australia's largest stock trading and investment forum Australia's #1 stock forum

SSN

Click for more information

0.00%

1.5¢ samson oil & gas limited

SOA2 was water saturated, Bluff 1 was N2 saturated. PTA suggests...

First 23 Last

Share
Profile

Follow
buc

7,870 Posts.

11

19/02/15

13:57

Post #: 14783946
Share

Originally posted by chand ↑

Hi,

Don't go by the costs of other operators. Focus on the costs which SSN is spending while drilling. It will pay to find out how much each of SOA1 , SPA2, Bluff cost to drill and test. From memory SOA2 was around 6 to 7 million.

Also interesting to note that everytime they drill, the 3-D data is reinterpreted and the prize is in the next drill. Didn't they say that they have learnt enough from SOA1 and 2 and bluff was the prize

Expand

SOA2 was water saturated, Bluff 1 was N2 saturated.
PTA suggests a fluid boundary ~600 feet from the well bore.
3D simulator used to develop a type curve for wells in the oil leg.
EUR is 550,000 bbls.
IP rate of 500 BOPD.

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

0 Great analysis

Reply

There are more pages in this discussion • 8 more messages in this thread...

First 23 Last

Add SSN (ASX) to my watchlist