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1.5¢ samson oil & gas limited

Totally agree Buc was an exciting time, they had a go, bad...

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ssailor

2,511 Posts.

75

24/07/15

17:54

Post #: 15690829
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Originally posted by buc ↑

" I believe that they are largely responsible for the position the company is in by embarking on a an ambitious drilling program in untested areas which resulted in numerous uneconomic wells, rather than first shoring up its position in North Stockyard. It appears that the $70 million was burning a hole in its pocket and they decided to go and play Roulette"

And what "if" the ambitious drilling program of Roulette finally pays off with commercial qauntities of oil, with Bluff and SOA2 (20 000 acres - 18 prospects).....Which we all supported it at the time.....

The jury is still out, imo

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Totally agree Buc was an exciting time, they had a go,
bad luck,cant remember a lot of negativety at the time when things
were looking promising, but we are still here,and a lot of small o/g companies
are not! $75 worth in the auction to close on year low

SSN Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

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