Ann: Operational Advisory , page-15

Hi LWR I guess thats a slightly different question - what is normal reporting for development vs exploration well, and should the company take the opportunity to provide some positive vibe to the message? I agree it would be good if the company would add some positive tone, every little bit of confidence helps. But let's face it SSN's anns have always been rather dry.

I think you make a good point about the cashflow of drilling 4wells before seeing any production revenue versus the cost savings of the pad drilling process. My view is if the company has a good cash position, then the cashflow isnt an issue, and so do the 4 well sequence to save costs. But thats not the situation Samson is in - cashflow is critical because it is not in a strong cash position - therefore the cost savings from the 4 well sequence dont outweigh the benefit of earlier production revenue coming on stream - I scratch my head to think how under the currenr circumstances the opposite could be true.

If the company runs low on cash and cant complete the 4 wells, I cant see only see two options:

1. Sell one of the other assets or part thereof

2. Sell a higher WI stake to one of the other Nth Stockyard partners to get Samson's contribution over the line.

Let's hope neither is required.

Cheers, Sharks.