SSN 0.00% 1.5¢ samson oil & gas limited

leverage - i met TB twice. I raised issues with him and i left...

  1. 647 Posts.
    leverage - i met TB twice. I raised issues with him and i left with the impression they where looking after themselves first. I sold. Nothing has changed, imo. They still promise the carrot but are not delivering on the basics - What comes in is less than what goes out. Been that way since they sold to CHK all those years ago. Hell it was happening before that. Take out CHK's cheque and this company would have folded years ago. IMO.

    what does shale oil cost to produce? $80US or so. Add the extraordinary high director fees, the cost of borrowing and the price of oil and all i can see is a cliff. again imo. glta
 
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