SSN 0.00% 1.5¢ samson oil & gas limited

projected earnings for 2012-2013, page-44

  1. 10,914 Posts.
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    Likely last post on this subject

    Believe Wiki Answers if you wish. Me, I am going with SPE (i.e. Society of Petroleum Engineers) and their peer groups.

    Obviously my last post contained to much information. Here is the link

    http://www.spe.org/jpt/print/archives/2007/05/JPT2007_05_DA_series.pdf

    and here is the quote

    "unrisked (i.e., they do not take into account the
    probability of economic success, Pes, corresponding to economic cutoff).

    I would rather have risked locations and reserves over unrisked.

    Terry is correct - SSN has unrisked acreage in Niobrara and if the collective here thinks that this is already developed with drilling & with reasonable certainty for production then good luck to y'all.

 
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