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1.5¢ samson oil & gas limited

And to think we had no debt + $70m in bank, page-40

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buc

7,908 Posts.

11

20/04/15

17:21

Post #: 15121181
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Originally posted by acreage ↑

Like I said buc,

You can have EUR of 2,000,000, 1,000,000 acres of Grazing land, 100 huge horizontal wells drilled and many dozens of prospects but, if you ain't got the cash to take advantage of all of that then it's useless to the company and the shareholders. If you can't complete them, can't drill the grazing land, you have just a Real Estate company right buc ?

It just doesn't matter buc if you have the fastest car on the race track because she won't leave the start line if the tank is empty, comprendere ? I don't think your the only one on this forum that non comprendere with all the thumbs up for your excellent C&P skills.

Now, would you like to share your strategy with everyone ?

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Cash position - $6 million.

Reduces the debt to $13 million....... or do you think it's better to drill 4 conventionals at 50% interest?

SSN Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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