SSN 0.00% 1.5¢ samson oil & gas limited

goshen county transaction-deposit received, page-41

  1. 886 Posts.
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    To anyone who has read previous ANN's from SSN the situation is perfectly clear.

    If you care to look through previous Anns there was always going to be a post closing arrangement for part of the leases that's why the price was $61M to $79M. Today SSN are telling us some of the work is sorted and it will be closer or equal to $79M.

    Some people understand (buyers) some people don't understand (sellers)

    Sellers are most likely ST traders who have no idea what's going on and saw this ANN as a negative because SSN mentioned the exploratory unit and expiring leases which make up a very small portion of the sale proceeds.
 
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