SSN 0.00% 1.5¢ samson oil & gas limited

Ann: December 2016 Quarterly Report and Appendix 5B, page-12

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    Perhaps look at their 10K for 30 June 2016.

    Standardized measure of discounted future net cash flows relating to proved reserves $66.747M.
    FB = $55.7
    NS = $10.0M
    All Other must equal $1.047M ... breakdown of volume at very end.

    So as I've also stated I don't believe SSN has another asset to sell to get $10-15M


    From their 10K for 30 June 2016 per NSAI

    In March 2016, we closed the acquisition of our Foreman Butte project. That project makes up $55.7 million in standardized measure of discounted future net cash flows relating to proved reserves as disclosed in the table above.

    On June 30, 2016 we signed a purchase and sale agreement to sell our North Stockyard project. This project makes up $10.0 million in standardized measure of discounted further net cash flows relating to proved reserves as disclosed in the table above. The sale price of this asset was $15 million. This sale is expected to close on October 20, 2016. The effective date of the transaction is the day after the closing date

    At June 30, 2016, the Foreman Butte project had net proved reserves of 9.8 MMBo and 8.0 MMcf. These reserves include 3.5 MMBOE in proved developed producing reserves, 1.6 MMBOE in proved non producing reserves and 6.0 MMBOE in proved undeveloped reserves.

    At June 30, 2016, the North Stockyard project had net proved reserves of 0.8 MMBo and 1.3 MMcf.

    At June 30, 2016, the State GC Oil and Gas Field had net proved reserves of 46,700 Bbls and 66,500 Mcf.

    At June 30, 2016, the Davis Bintliff well had net proved reserves of 1,900 Bbls and 222,100 Mcf.

    At June 30, 2016 the Gladys had reserves of 18,458 barrels of oil and 22,750 mcf of gas.
 
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