SSN 0.00% 1.5¢ samson oil & gas limited

operational advisory ann out, page-60

  1. 3,270 Posts.
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    Yes and no.
    SSN needs land other than NSY to develop. The rest is un proven.

    IMO, much of the development of NSY is already priced in, which is why there is not alot of reaction to the new wells coming on line.

    A spike of speculation on the potential of new acreage is needed which is what occurred a few years ago. But we know how that turned out.

    Also, noise here in the US of development and big oil boom in the Bakken which peaked a few years ago has passed. Just the status quo at the moment, until the next big thing is found.

    Not saying there it is all doom and gloom for SSN. I don't see any massive re-rate with current progress.

    Maybe 3 Forks will give it a push.









 
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