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1.5¢ samson oil & gas limited

A question for Gordon Gekko or J R Ewing...... If a conventional...

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buc

7,875 Posts.

11

07/05/15

13:19

Post #: 15235056
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Originally posted by cmonaussie ↑

This is a really good high level walk through E&P and numbers "magic" - at least up until the appendices when it gets numbers heavy (@Rob79 - I think you'll like it a lot). It's very straightforward easy reading.

I don't have the "energy" (pun intended) to contrast say SSN in the same spotlight - maybe Rob79 will find it possible (or maybe Acreage if its intriguing enough ...)

Einhorn - Hate him or love him, agree or disagree he certainly has both a sense of humor and a very direct way of challenging numbers - all of which are publicly put out by the companies.

Made me think twice - although 95% of my E&Ps are not pure play shale oil companies like PXD. Must read piece of research IMO - even if just for the (substantiated) contrarian view.

https://www.greenlightcapital.com/926698.pdf

Enjoy

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A question for Gordon Gekko or J R Ewing......

If a conventional well costs "average" $1.5m to drill, $3m to complete (fracking included),
produces 500K EUR oil for the life of the well, at a $20-$40 profit (per/barell),
for a total of $10-$20 million profit - multiplied by 154 wells, ........Is the venture profitable?

SSN Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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