Ann: Operational Advisory , page-7

Junior, have you read the quarterly as we already are covering costs ?

Our revenue for the last quarter covered Lease operating,exploration and admin expenses with a surplus of about $400K/quarter.

I think the main problem is market sentiment.

http://www.samsonoilandgas.com/IRM/Company/ShowPage.aspx/PDFs/2445-92060820/March2014QuarterlyReportandAppendix5B

"Estimated oil and gas revenue of US$3.0 million for the quarter (there is generally a two to three month
delay between production and the receipt of the associated cash, therefore the majority of this cash will
be received during the June quarter), which exceeded lease operating, exploration and administration
expense of US$2.6 million. Lease operating expenses have been unusually high this quarter due to
workovers on existing wells required when adjacent wells are being fracked. These costs are not
expected to be incurred in the future."