Australia's largest stock trading and investment forum Australia's #1 stock forum

SSN

Click for more information

0.00%

1.5¢ samson oil & gas limited

Market shenanigans is not specific company concern and believe...

First 45 Last

Share
Profile

Follow
Westhx

5,224 Posts.

2

10/09/14

15:28

Post #: 13953966
Share

Originally posted by leverage ↑

Hi Buc,
apologies for not posting some info sooner.the 7 hour round road trip took it's toll.

TB
Body languauge:...Cool. Confident and relaxed.
Message: SP not commensurate with production profile and should re-rate in due course. Catalyst may be TF or rainbow production. Market shenanigans is not specific company concern and believe the facts of productions will speak for themselves eventually.

Three forks predicted to be similar to Bakken production and is a virgin (like you doc) play.
Rainbow is likely to be similar to NS and is considered a development field rather than an exploration play.
Continental likely to move forward on multi-well drills per pad as this is the main efficiency methodology. Continental is the leader in the field in this drilling technique however a decision will be made following approx a month of Glady's production observation. Could not confirm Continental would apply a dedicated drill rig and crew however this would appear logical to obtain the aforementioned efficiencies.

No SP raising in the foreseeable future even with the extended production activities in NS.

Other sales in Williston basin is always a possibility however nothing is concrete yet. Samson are very good to work with and would make a good partner going forward although I stress nothing is specific planned that was disclosed to us.

Further presentation to be released asap with the Good Oil conference next week. This will include a reserve update however is largely similar to the Enercon piece.

Momentus energy are likely to move forward with a lateral in Montana however not exactly sure when. This year ?.. not sure. Momentus has an alternative frac strategy which TB acknowledges as being a better option. This play does have a salt edge like South Prarie and may also be productive. Across the river Continental is not as active however TB has not followed this activity specifically. My take is that Montana is bottom of the draw stuff and a bonus is momentus can pull it off.

HS. Bluff test to determine Nitrogen gas origination will determine if the lower plays are good for Hydrocarbons or not. TB is confident however no certainties. Other zones will also be tested and this will still make the well productive ( 300-400 BOEPD) if the lower zone test fails. Again this will require testing so time will tell. The Nitrogen cap is also symptomatic of significant oil fields in Poland so it does happen but is not common place. Personally I get the feeling TB is quietly confident in Bluff. Another of the 20 locations will be tested to validate the horizontal scope of the gas cap and broader zones. All parties now on board with the plan.

previously achieved MC is possible however will likely be a slow grind. Again TB is very conservative in his public position and is not into the hype of some others.

Large shareholder in US , Bob Mead, does have contact with the Company and is supportive of TB strategy. As a big oil dude this has got to be good imo.

Well I am sure that you Melbourne folk can add a bit more after todays over view. If I remember anything else some of the others (3) can chip in or correct what I have said.

Doc...your wife must have taken a wrong turn

GLTA

Expand

Market shenanigans is not specific company concern and believe the facts of productions will speak for themselves eventually.

He conveniently forgets that he is the architect of the market shenanigans. Back to 2 cents today and the buyers have walked.

SSN Price at posting: 2.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 24 more messages in this thread...

First 45 Last

Add SSN (ASX) to my watchlist