is a buy out in ssn's future soon

#1. After the next free carried HAL well we will have to pay $1.8+ million for our share of any Goshen well going forward. This is predicated on $5million per well completion.

#2. ND wells are a tad more expensive. They cost $7+million and more so figure each new infill well there will cost Samson $2.3+ million (our share).

#3. Each Fort Peck well is now costing us $6 million as per TB's July 11, 2011 PR at 100% WI.

Now add in all the other expenses of running Samson Inc and that cash nut SSN has now surely isn't going to last long.

Unless Samson hits some Fort Peck gushers I just do not see where the cash flow needed for an extensive drilling program is going to come from. Goshen wells at 200 bopd are nice but we do not have time nor money to wait as the slow cash flow from our share from those wells comes in.

There is a lot of positive things happening for Samson right now. We either need a super deep pocketed partner or as I suggested a buyout. I think the Dec 31, 2011 8-K that pinpoints a June 30, 2012 bonus pay date is no accident.

Please feel free to correct any of my numbers above.

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