SSN 0.00% 1.5¢ samson oil & gas limited

announcement out!!, page-31

  1. 1,901 Posts.
    lightbulb Created with Sketch. 2
    whilst Aus2 may not be comercial in it's own right it has proved the comerciality of the area.

    This well was a short lateral and has produced at rates comparable to nearby wells-FACT.

    So when you develop a play you drill a shorter lateral to minimise cost if the area turns out to be a dud.

    Now that that AUS2 has proven the area I expect the next wells will have longer laterals and produce at a much higer rate. Sounds like a good approach to me.
 
watchlist Created with Sketch. Add SSN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.