SSN samson oil & gas limited

operations update, page-78

  1. 830 Posts.
    buc you are something else, you consistently over exaggerate and produce unsubstantiated comments to make SSN look better then it currently is. As SUD has so correctly pointed out CHK placed production facilities on their 2 Goshen wells and they ended coming up dry. What does CHK's CEO integrity have to do about this, diddly squat. They are a multibillion dollar company that has thousands of wells over several producing fields, so I'm pretty sure they have some fairly qualified people that "thought" these wells would produce commercial amounts of oil, thee now know they were wrong. Here is an extract from the enerflex site

    http://www.enerflex.com/integrated-solutions/early-production-facilities/index.php

    "You've drilled and completed a few exploration wells. Your down-hole logging and completion evaluations show promising reserve potential. But there is no substitute for actual well production to determine if your expectations of reservoir quality and well productivity can be met."<\i>

    This is what we have in our case, they obviously think these two wells will be productive but until we get some actual well production, we dont know. Yes the production facilities are positive, but installing them does not make these two wells commercial and it certainly doesn't derisk these lease.
 
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