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1.5¢ samson oil & gas limited

What if? - I 'll be off to Las Vegas to celebrate.

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dougfr

1,089 Posts.

172

24/07/15

19:33

Post #: 15691329
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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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What if? - I 'll be off to Las Vegas to celebrate.

SSN Price at posting: 0.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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