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1.5¢ samson oil & gas limited

Ann: Sale of North Stockyard and Amendment of Debt Facility-SSN.AX, page-5

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buc

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01/07/16

12:53

Post #: 18170523
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Originally posted by cmonaussie ↑

LOL - can I say I called that sale (and many times and most recently yesterday I believe).

Cmonaussie's post# 18159856

So this is extremely positive short term for SSN.

Immediate axing has been spared. BB now reduced to $19M after paying down $11M leaving $3.5M to put to work (and they needed that as the Hz stimulation being estimated at $400K/well x 15 wells = $6M)

Assuming all other covenants are in compliance, leaves only the equity transactions (asset sale doesn't count) to be completed the first one which was done earlier and raised roughly a little over US1M after fees if I remember correctly.

Sorry TOTB, plenty of dilution left to come. Not a rabbit either. Happy that they got $15M for NS.

GFTA

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600 acres for $15 million (NS) vs 50 000 acres for $16 million (FB), is self explanatory

SSN Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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