Well done blues,-------Huge Optionality Largely Ignored by Risk Averse Market Samson has recently added two significant projects to its Niobrara potential, being the Roosevelt Bakken Project and the conventional oil project at Hawk Springs. In spite of this additional upside potential, the share price has not moved as the market continues to remain risk averse. The upside potential of the Company has increased and now investors have 3 chances at >$500m instead of 1. Crystallisation of this potential will occur through the drilling of up to 6 wells prior to the end of the year, with significant cash on hand post funding. We rate Samson as a Buy with a 6 month price target of 27cps.
SSN Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held