Ann: Samson enters Letter of Intent on Foreman Butte Project, page-11

that's all I needed to hear. Happy to sell at a discount to the cash value of $0.0045 per share and never have to hear/read another Gunna do this that or the other thing again.

Lets see now ... selling at $41.5M (values at what multiple for production (oil volume 54,869 Sep Qtr ==> call it 600Bopd ==> $69K per bopd and then at 1P?) and record $10M profit? How so. OK take it a face value ... net paid $16M, on the books then at $31.5M (Sep Qtrly was $31.325M for Net PP&E) net gain $10M). Of that carrying value of $31.5M, bargain accounting was $10.8M so I guess SSN make net investments of $4.7M to the property?

Pay back bank - credit facility end Sep = $23.87M
Just remember investment bank (Parkman Whalan or something like that) provided working capital for Dec qtr so it would likely be higher.
For simple math call it $26.5M

Leaves ~$15M after repaying Loans

Internal Estimate is $12M after so another $3M in liabilities .... which after Credit Facility and Working Capital loan would be the Hedge Book.

@Mareed ... do you remember this commentary of yours "Commonaussie, what foolishness is this!!! The price of WTI going up would hurt SSN or an other Oiler!!? I think not my friend.. you are the typical overanalysing fool that is missing the bigger picture and larger forces at play...SSN is an asset play at the moment. Listed or not. It still owns those assets, and believe me they are soon to be grossly undervalued....Just remember the K.I.S.S. principle mate."

You're about to find out exactly what I was referring to.
47,214 BO swapped at $44.09 for Dec Qtr  (probably a $1M here) + option collar for 10,524B
39,720 BO swapped at $45.55 for 2018 (probably $800K here)
the option collar should not be as expensive to close out, lets see how good their production was (maybe they get some upside participation but suffice to say the first 57,738 BO of the Qtr were hedged.
That's a dangerous hedgebook if you only produced 54,869 BO in the prior Qtr.
(I did it quickly so it may well be wrong).

Think there were a few others in that same boat with you M

Did Gunna KISS?