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15/05/12
00:04
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Oil is headed to the low 80's, with no news SSN is head for the 1. 40's. Bad flow rates from Ft. Peck wells and I see @ $1 per share.
Considering Gretel was fraced two months ago and we still have no mention of oil production at all, that does not bode well.
Terry Barr has once again over promised and under delivered. Samson team has so tr proved inept as Operator.
Those Bakken wells are very expensive folks.
So now the hope turns once again to the Hawk Springs project, which is probably the most wild of the wildcat Samson leases.
Looking ahead, besides the few in-fill wells in Stockyard field, one must ask how this company is going to turn profit at all down the road.
Right now there is a whole lot of cash going out with little to no return.
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