SSN 0.00% 1.5¢ samson oil & gas limited

operational advisory ann out, page-90

  1. 22 Posts.
    got stopped out yesterday at 0.21 and last week at 0.23..Seems to be the big boys at work...The big boys are doing a good job triggering the stop losses..

    Buc, If ever bluff produce 600bpd, they dont have to sell any acres. Accordingly to patterson report, it costs about 3 million to drill a bluff well. Hence after farm out, probably we will be paying only 1 million per well. It should breakeven within a few months.

    So what i am wondering is why are they taking so long when it costs only 3 million to drill a well and the prize is 350 million. Are they afraid to burst the bubble?
 
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