SSN 0.00% 1.5¢ samson oil & gas limited

Ann: Operational Advice Leonard 1 23H , page-6

  1. 12,709 Posts.
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    Manfuzu,just type ssn into yahoo finance.
    In the US equivalent to 20 ordinary ssn.
    They have to cut their admin costs of nearly $1m per quarter.
    Average price for gas they received last quarter $US2.81 for gas and $US66.45 for oil.
    Henry hub spot price $us5.09 and new york gate spot $us5.60 atm.Oil over $us 70 for the last rew months.
    End of december is when they have their debt covenants evaluated.
    Hopefully all improving.
    Next year looks promising.Imo better value than ggp/vil and probably close to bcc.
    If they drill the 3 Gene wells next year at 30%,that could be around 500bopd.
    That's the theory anyway.
 
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