SSN samson oil & gas limited
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operational advisory 20/3, page-39

  1. Geobrand2
    2,099 Posts.
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    20/03/12
    11:03
    Post #: 9864622
    yeah delays...not good...

    18 month drilling contract. A Bakken well costs approx 6M. 60% of the cost is in the fracc.

    So drilling roughly equals $2.4M.

    With FP buy back that comes to 1.6M to SSN.

    One well a month over 18 months = $28.8M

    ??
    SSN Price at posting: 12.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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