SSN 0.00% 1.5¢ samson oil & gas limited

The most interesting item from the Annual Report is the drilling...

  1. 10,204 Posts.
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    The most interesting item from the Annual Report is the drilling of the York #3-9 at the South Prairie scheduled for this month where they have a 25% working interest.
    They have so far drawn down $11mil of the available $15.5mil debt facility.
    Can't see them avoiding another equity issue next month as the cash crunch hits them for no production for six weeks.
 
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Currently unlisted public company.

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