SSN 0.00% 1.5¢ samson oil & gas limited

gary 1-24 well, page-5

  1. 886 Posts.
    Gary well has just come onto the Daily Activity Report at 855BOPD. We know that initial flow wates were 1,068BOPD and on the 14/10/10 we got an update that was producing at 955BOPD.

    Not sure if 855BOPD therefore relates to average production for the 2 months to 24/11/10. That would equate to 51,300 BOPD alone for 60 days less 7,562 BOPD up to 30/09/10 would give production from 1/10/10 to 24/11/10 of around 43,000 rounded or 15,900BOPD to SSN x $80 = $1,270,000 in potential income.

    Word of caution not sure if this is a correct assumption, just trying to join the dots - would have thought higher drop from initial production but company did say was going better than previous wells.

    Will wait until company announcement is out or the Bakken list is updated before confirming but looking like a strong performer - maybe not all doom and gloom after all. As we have 3 more of these to come on board while waiting for the party to start in Niobrara.

    Any thoughts? Please do your own research as this is just on how I am reading the situation.
 
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