SSN
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0.00% 1.5¢ samson oil & gas limited

bought more, page-15

  1. Riglife
    3,413 Posts.
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    22/04/10
    20:59
    Post #: 6608096
    Excuse my ignorance but can someone please tell me where I have gone wrong with my calculations

    Barrels of oil per day multiplied by the price of oil multiplied by the number of days in the year multiplied by the percentage share that Samson have......

    ~3000 x 85 x 365 x 0.30 = $27,922,500 USD per year

    People keep talking about revenue per year of $10 million....either I have missed something here or people are severely underestimating the potential steady flow of the Gene well.

    SSN Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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