SSN 0.00% 1.5¢ samson oil & gas limited

probability of bankruptcy according to ..., page-4

  1. 471 Posts.
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    Chrysipp37

    Thank you - the statistics re-affirms the importance of Slawson and current program to SSN viability.

    At time of Paterson roadshow, SSN was in downward spiral, with "production" not even covering administrative outgoings. The game changer was introduction of Slawson into mix. Yes, it meant reduced revenue (royalty) but at least equilibrium in outbound Vs inbound $$$ equation was begin to tip in favour of increased revenue and, I guess, that may be captured in grey zone assessment of SSN likelihood of bankruptcy (2.596%).

    There is no hiding from fact that SSN viability lies in Slawson success with current program. Initial data suggest that current production may cover outgoings and Slawson program will shift SSN from grey zone into (marginal) safety. Only continued success and NO global market disasters will ensure ongoing financial viability.

    Thank you and good luck,
    MS
 
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