SSN 0.00% 1.5¢ samson oil & gas limited

1500 bopd. bakken looking good

  1. 1,214 Posts.
    From todays presentation:

    Immediate oil production growth from Bakken
    Offset wells doing IP at 3,100 BOPD
    Potential to add 1,500 BOPD initial net to SSN
    Immediate gas production growth from prolific Texas producers
    Balances existing long life Rockies reserves
    Offers price diversity
    Longer term growth from credible shale plays
    2010 drilling program throws off numerous follow up opportunities
    Bakken drilling potentially worth US$ 75 million
    Texas 3D program will generate U$ 16 million of PDP value in the next two
    years
    Longer term, Baxter Shale fully developed valued at a net US$150 million
    Longer term, Pierre Shale fully developed valued at a net US$450 million

    Not bad potential for SSN
 
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