SSN 0.00% 1.5¢ samson oil & gas limited

AUSII is a pleasant surprise as it's basically free oil as the...

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    AUSII is a pleasant surprise as it's basically free oil as the market has assigned zero value and momentum is carrying the cost but not sure if the 159BOPD will be sustained for long as it has only been back on flow for a couple of days and perhaps there was an accumulation of oil whilst the well was shut in and has now been pumped off.

    Anyways, we've got action in 4 different project area's and will have a 5th active project when South Prairie spuds another wildcat well so certainly can't accuse them of sitting on their hands.

    If Momentum can make Roosvelt economic then that will re-rate the once touted billion dollar project but unlikely to get anywhere near that valuation but it will give it a substantial rerate and SSN might choose to either farm down to below 50% or cash in by selling out completely.
 
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Currently unlisted public company.

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