ANN "...Samson expects to be producing a net 6,000 barrels of oil equivalent a month as at December 2010..."
ANN "...Cumulative production for the first two months is 33,470 bbls of oil and 40,000 Mscf of gas. The well is still flowing naturally and has a higher potential than the current rate of approximately 400 BOPD..."
Tend to concur Deltaflush in one instance they mention "net" and in another "cumulative".
Cumulative bopd 400 x 3 wells = 36,000 bopm
SSN mean ave interest 31.5333% = 11,352 bopm
LESS net = 6,000 bopm
Leaves 5,352 bopm @ say US$75 = cost of production per month US$ 401,400
That's US$133,800 cost of production per well per month(401,400/3) ...how does cost of production compare ppl
SSN Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
