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1.5¢ samson oil & gas limited

Ann: Operational Advisory, page-12

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Junkpeddler01

5 Posts.

11/11/14

16:31

Post #: 14271071
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Originally posted by alacrity ↑

Perhaps with the big drop in the oil price which is mentioned quite a bit in the AGM presentation they now see conventional targets as the driver for the company and so less emphasis on the Bakken ?

They mention break even for Bakken for full cycle is $68 so with WTI at $77 they are still economical but not by much and perhaps not worth the risk till oil recovers. At least when the fracked ones come online we will have a good income stream for a while as they only cost $29 to maintain so still a $43 margin there.

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Is SNN break even in the Bakken $ 68,00 - higher or lower??

SSN Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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