SSN 0.00% 1.5¢ samson oil & gas limited

it is not bad luck rather bad execution, page-45

  1. 8,720 Posts.
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    Lol thanks doc, but I suppose if I was very smart I would have picked the top and sold then and be able to pick the bottom and buy back whenever that is. But the reality is while I may be good with words I'm no smarter than anyone else here, so I have taken the long term invetsor's approach and bought to hold through the peaks and troughs.

    What I do have is a belief which is based on the research I've done on Samson over the years, and I'm confident its not based on emotion. I may hopefully be right but I could also be wrong, but I'm going to give Samson every chance and I dont think its over by a long shot. Based on my comparison to the development timeframes of the Nth Stockyard field and new field developments of other oilers, I believe its still early days at both Fort Peck and Hawk Springs, and in a couple of years time we will see many wells producing in each play. But for now, in the 1st year of the development of these 2 new fields, its simply one step at a time - even if we get frustrated because we are convinced it should be going faster, smoother, more trouble-free, etc.

    Cheers, Sharks.
 
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