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1.5¢ samson oil & gas limited

Does the nutty professor have a problem with the $265M debt,...

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buc

7,861 Posts.

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14/04/15

08:51

Post #: 15081496
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Originally posted by cmonaussie ↑

You mean this latest annual report?
... that says "Net production rose 48% to 4,480 boepd in 2014, compared to 3,020 in 2013"?

Your eyesight works just fine ... its the cray computer up top that seems to have difficulty.

Were you confused by the average for the year versus the avg for the MRQ quoted earlier when I referenced 5,816 boped for Q4?

I know it hard but if you look at SSN HALF YEARLY (now that only half a year versus a full year) their G&A was "only" $2,541,175 on production of 92,782 BOE. Umm .... SSN $27.38/BOE G&A cost for each BOE produced vs the reported $5.45/BOE of G&A for LNR....why highlight G&A costs Buc?

Eye popping aint it?

Surely there must be better prospects than LNR to show my foolishness holding a stock that can't hold a candle to SSN?

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Does the nutty professor have a problem with the $265M debt, $25M anual interest bill, $8.9M business admin costs, $17.5 million leasing costs, declining oil rates and a debt 2.2 times the companys market cap?

SSN Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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