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1.5¢ samson oil & gas limited

Way back in 2010 we had debates, SSN or SEA, as they had similar...

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buc

7,875 Posts.

11

25/07/14

10:13

Post #: 13712983
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Originally posted by leverage ↑

Fyi
Zooms words

Billabong is on the Tofte 1 pad with Sail & Anchor and Blackdog; these are still producing at a good rate and are only 30 feet away at the well head (surface). A FRAC of Billabong would disrupt their production by 5 days. Savvy management decision to let Blackdog and Sail & Anchor continue producing while they complete two other wells also close by and then FRAC all 5 1/2 wells at once.

• Billabong waiting FRAC
• Bootleg 4 waiting FRAC
• Bootleg 5 waiting FRAC
• Bootleg 7 drilling completion waiting FRAC
• Bootleg 6 waiting completion, then FRAC
• Matilda Bay 1 finish FRAC of remaining zones

The delay minimizes the production impact of 3 wells Matilda Bay 2, Blackdog, and Sail & Anchor.
Besides having 6 wells come on line one after the other might call attention to the BOE/D number.

Sounds good. Bashers to be replaced by rampers soon

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Way back in 2010 we had debates, SSN or SEA, as they had similar assets.

Just had a look at a 5 year chart and they have gone in opposite directions. SSN undervalued or SEA overvalued? Or do they both represent fair value?

Last edited by buc: 25/07/14

SSN Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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