SSN samson oil & gas limited
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clipper us 32 no.2-30, page-10

  1. Mezza265
    191 Posts.
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    17/05/12
    10:24
    Post #: 10186930
    The pump is 'designed' for 250 BOPD, so success on defnder would be 200 BOPD which makes it uncommercial

    Really hope SOA II comes good for you all, I think that in itself would de risk the play there

    The story so far is: $ 40 M spent, and 3 out of 4 wells uncommercial (acknowledge they are appraisal wells)

    Will maintain a small "casino" position as Sandy would say just inc ase SOA II is good

    GLTA

    SSN Price at posting: 7.8¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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