SSN 0.00% 1.5¢ samson oil & gas limited

And to think we had no debt + $70m in bank, page-28

  1. 239 Posts.
    Acreage,

    Asks "how will they surive the coming 6 months?"

    Very easy to answer IMHO. You say production will drop to around 600 boepd over the next 2 months.
    Firstly, I think this is a little overdone...but well... I'll take the cards you are handing to me.
    As I recall SAMSON has 7 wells completed and ready to produce. The solution is to put one well after another on production just in proportion to the decline rate. I think if they put 2-3 from the recently completed wells on production till year end, they might hold the average of 1000 boepd throughout the year. And then they they'll still have 4 to 5 wells in 2016 to continue.
    A decent workover and electronic pumps will add to the most favorable outcome.

    Always keep an eye on the BLUFF fed either...twinkle twinkle...

    ...and of course the rising price of oil...

    c
 
watchlist Created with Sketch. Add SSN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.