SSN 0.00% 1.5¢ samson oil & gas limited

Cmon& all, If SSN produce at 900boed and have a cash margin of...

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    Cmon& all, If SSN produce at 900boed and have a cash margin of $20/boe they could generate $1.8m free cash per quarter. ie from now to December generate $5.4m free cash. The earnings will grow and the Debt/EBITDA will improve as is expected and noted in the accounts. These two factors combined may open opportunities that appear to be overlooked in this discussion. The quarterly and recent operational advisory were very good and possibly the best that have been presented imo. Both suggest SSN is in a strong position but unfortunately the low OP has hidden a very good result and it appears the Bank understands this important point.

    It is good to look at all factors but a real option currently would be for the company to do absolutely no drilling for a while, bank the cash and look to buy some good distressed assets.
    All above is my opinion only
    Cheers
 
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Currently unlisted public company.

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