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0.00% 1.5¢ samson oil & gas limited

200 feet of free oil!!, page-60

  1. chand
    3,635 Posts.
    lightbulb Created with Sketch. 847
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    31/05/12
    19:04
    Post #: 10250184
    Hi rcml,

    The figure you got maybe ooil ie. Original oil in place. Not all of this can be recovered. The recovery factor is usually 20 to 30 %. so you need to discount it say at 20% and then you get same value as I posted above.
    SSN Price at posting: 9.8¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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