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1.5¢ samson oil & gas limited

I think us long term investors are happy with current drilling...

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pete222

14,885 Posts.

136

30/07/14

14:13

Post #: 13738490
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Originally posted by alacrity ↑

Not many trades of late in SSN and the forum has also gone quiet so i pulled this info from the quarterly.

Estimated cash outflows for the next quarter comprise;
Exploration and evaluation 1.0mil
Development 7.4mil
Production 0.78mil
Administration 1.5mil Total =10.687mil

Our liquidity for the next quater is made up of
Current cash on hand 6.846mil
Cash receipts from June quarter oil and gas sales 4.1mil
Further debt drawdown 9.500mil TOTAL 20.446mil.

So we should see out the end of the next quarter with available liquidity of about $10mil. There will also be a likely further increase in our borrowing base limit as our proved reserves will increase as the three forks begins production.

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I think us long term investors are happy with current drilling progress and operational activity.
IMHO the sp stagnation is hangover from TB`s "you aint seen nothin yet' days.
I am banking on TB releasing the brakes on the 6 wells ready for fracking next month and the balance sheet looking very healthy next quarter.

SSN Price at posting: 2.2¢ Sentiment: None Disclosure: Held
10 Upvote

0 Great analysis

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