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1.5¢ samson oil & gas limited

I also got a bit confused with the solitary trade that sat there...

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Woody2

396 Posts.

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08/07/14

17:21

Post #: 13629489
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Originally posted by alacrity ↑

Great result on Blackdog but I'm a bit confused as to TB's coment..

"Importantly, the recently recovered but yet to be fracked, Billabong well is located adjacent to Blackdog"

as Sail and Anchor is closer to Blackdog than Billabong but it has not produced at the same rate even after allowing for its 20% shorter lateral but I think it had a lower frack concentration ?

He's probably implying it's important because it's on the side of the land that had the Dog. Also Billabong is closer to the old well Earl that was also a star producer. So perhaps as you move towards that right hand corner of the section the land gets better and combine that with a monster frack treatment it could also be star.

We'll be at 1000BOPD net within months I think and looking forward to see how the continental wells perform.

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I also got a bit confused with the solitary trade that sat there all day on ASX following a reasonable update. Just before close thought 'I can play that game' and bought $500 at 2.3. It never showed on ASX but Chi-X is showing the right close! Silly boy

Let's hope the US gets excited tonight

SSN Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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