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1.5¢ samson oil & gas limited

5 million recoverable barells is not too shaby, given the Bluff...

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buc

7,875 Posts.

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16/12/14

12:11

Post #: 14467590
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Originally posted by cmonaussie ↑

Buc, the 5MmBO that are potentially recoverable are worth something.

Liquid nitrogen though is industrially made from fractional distillation of liquid air by cooling and exists only at very low temperatures. There is a very large company that does this.
http://www.airliquide.com/en/company/our-businesses-our-products.html

BOC is another.

As they manufacture out of the "air that surrounds us" it would be doubtful that the nitrogen has commercial value.
http://www.airliquide.com/en/produce-gases-out-of-the-air-that-surrounds-us.html

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5 million recoverable barells is not too shaby, given the Bluff is a exploration conventional well, IMO.
The Nitrogen could be sold as a by-product, meaning it's worth something, is it not.

# A success at Bluff will provide Samson with encouragement to test the 18 other prospects that share seismic characters similar to Bluff.

Last edited by buc: 16/12/14

SSN Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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