SSN 0.00% 1.5¢ samson oil & gas limited

TB and Slawsons have the luxury of 6 wells at the flick of a...

  1. buc
    7,789 Posts.
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    TB and Slawsons have the luxury of 6 wells at the flick of a switch, should cash flow become an issue.

    A further 13 wells to drill in NS , with The Rainbow Project also showing promising results and set to resume, once the oil price recovers.

    The debt facility was also increased to $50 million in November, even whilst the price of oil was crashing and the interest rate decreased to 90 day LIBOR plus 3.25%, which is approximately 3.48%.

    It seems the bankers have a lot more confidence in TB, then what you appear to have.
 
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