SSN 0.00% 1.5¢ samson oil & gas limited

roosevelt sale, page-25

  1. 3,273 Posts.
    lightbulb Created with Sketch. 86
    Sharks wrote..."imo its not going to be any IP rates at Nth Stockyard because they are low risk well known propositions, hence why they are PUD."


    I disagree. IMO this are not low risk wells. SSN has not proven that they can drill a successful well as an Operator.

    Zavanna drilled the NS wells.

    SSN are now the operators and have changed the drilling/fracing recipe from what has been extremely successful. This is a concern. The old adage; "don't fix something that is not broken" applies. Why not just drill the same way the other NS wells have been drilled with SSN as operator. Money in the bank. Why no "customarry" oil shows yet? They may be PUD wells, but they are being drilled by an operator that does not have one single well on production.

    Matsim. I think TB had Roosevelt up for sale in the hope of flogging it off before the CR albeit at a higher price. No takers.

 
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.