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1.5¢ samson oil & gas limited

"Rig count down 24% between Jan 15 - Oct 15 based" Current US...

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buc

7,870 Posts.

11

28/01/15

10:57

Post #: 14650888
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Originally posted by cmonaussie ↑

Also from EIA (wondering if they are better at forecasting than the Weather Bureau) predicting

* Rig count down 24% between Jan 15 - Oct 15 based on oil forecast of $53 by June and $67 in Dec
* Output at Dec 15 to be 90,000 bopd greater than Dec '14 (so no production cut by immense slowdown from prior years of Million bopd growth)

Do you think the SSN Qtrly is released prior to market close on Friday?

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"Rig count down 24% between Jan 15 - Oct 15 based"

Current US production 10 Million bopd
24% reduction, of 10 Million barels a day
plus the 30% decline rates or greater

there goes the 900k surplus.......

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

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