SSN samson oil & gas limited

Ann: Operational Advisory , page-4

  1. 846 Posts.
    lightbulb Created with Sketch. 30
    Two weeks where lost due to the side track if you look at the announcements 21st May and 4th June. we made little progress.

    I would assume they took it a bit cautious after the side track to remain on target.

    I was disappointed to read about the side track when I wrote that the error was inexcusable.

    Since then I did some research on a couple of our other wells in North stockyard from the data on ESSER website.

    I have changed my view a bit since then, even though they are drilling within a 40ft thick about 2 miles below them they set a pretty tight window of error of about + or - 5ft deviation from the middle of the zone. If I interpreted the data correctly.

    So given this is their first horizontal, being conservative is probably safer than gunho.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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