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1.5¢ samson oil & gas limited

Even if TB can sell Hawk Springs for $5 million with all the 3d...

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buc

7,870 Posts.

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20/11/15

12:27

Post #: 16441096
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Originally posted by Rob79 ↑

V_H, no the debt was unchanged from June, I think it effects the EBITDA (reduces) because it wasn't received. I think the EBITDA is 12 mths moving result so the thing to watch looks to be the difference between last years qtr and this year. Because June was ok I think it means the Sept 15 qtr was worse than Sept 14 qtr which does looks odd as last year qtr had net loss of $11m and this year was $2.1m before add backs. Gets a bit confusing which explains all my imo's

Buc, I'm sure the other assets have some value so worth considering but not something I have looked at so can't add much other than NS and related numbers sorry.
Bw

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Even if TB can sell Hawk Springs for $5 million with all the 3d seismic data and research in place, it would be a big boost, imo.

They could then afford to shut the wells for an extended period until the oil price recovers.
The production estimate is for 3300 bopd by November 2017.

Last edited by buc: 20/11/15

SSN Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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