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1.5¢ samson oil & gas limited

It s pure speculatin on my side, but it is also possible that...

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Chrysipp37

239 Posts.

20/06/15

22:51

Post #: 15502551
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Originally posted by alacrity ↑

So we could be cash flow positive to the tune of $1.65mil for the June quarter if there was no delay in receipt of sales.

If oil can stay above $60 and Slawson decide to drill a few more in the now proven Three Forks at North stockyard, SSN might have enough cash from sales to participate to counter the older wells decline or put that cash into a new project.

They could also sell off their remaining un-drilled interest in NS and put it towards a new area at a faster rate but that could be a bit like double or nothing.

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It s pure speculatin on my side, but it is also possible that the fluid boundary will be showing up at the BLUFF 1-11X well at 12.2222 mmcf/d within the next 65 days or so. Everyone needs luck every once in a while.
Oil?

c

SSN Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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