SSN 0.00% 1.5¢ samson oil & gas limited

Echo that thought Rob - a safe and happy Easter to all (and...

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    Echo that thought Rob - a safe and happy Easter to all (and might I add remember the reason for the season).

    Back to SSN - pleased that the numbers make sense from multiple directions. I'd be happy to split the LOE difference and go with $22/BOE. Also intentionally bullish on production not for reasons that I think it will necessarily eventuate but more to see where some of the breakevens occur - and to not present a bias against SSN.

    So I just quickly made some LOE adjustments to the monthly cost to 26/22/20 to give a Qtrly weighted avg of $21.85/BOE and with the same high production it produces a result almost equal to Dec Qtr. You, I and a few others know what that implies.

    The timing of receipts and payments doesn't play into Qtrly results for my calculations (yeah I know you can go broke waiting on receiveables and vice versa) as its not an actual cash flow but the measurement of performance.
 
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