SSN samson oil & gas limited

Ann: Operational Advisory , page-8

  1. 3,719 Posts.
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    Hi,

    The two things which are holding down the price of ssn are

    1. Lease operating expenses - as per quarterly these will come down in future and let's hope it does so.

    2. Unusually high admin expenses - these must be brought down (at least half if not more). The company of ssn size can't sustain $1.6 million admin costs per quarter. Why does company need 7 or 8 staff as it only participates in drilling. Reduce the salary (starting from 1st June 2014) by half and if some employee wants to leave then wish them good luck and let them go and let them explore the market outside.

    To compensate employees, award each of them 1 million options each excerciseable at 3.8 cents (like the real shareholders). It is a win win situation then as these employees will work harder to see their options in the money.
 
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