SSN 0.00% 1.5¢ samson oil & gas limited

TB, thanks for a much better written report - this imo hits the...

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    TB, thanks for a much better written report - this imo hits the mark in terms of clarity of explanation.

    Initial impression/scorecard:

    SOA2: Sounds positive. Good to have better definition of the prospective pay zones. Would have preferred some certainty over the frac date (despite the assurance of no undue delay).

    Defender: Bummer about delay to well clean-out. Good to hear that the JV partners are at least not baulking at the cost of the workover.

    Australia 2: 37 bopd seems in line with production from 3 frac stages. This means slow payback on Australia 2, but positive for interpetation of this area of Fort Peck.

    Gretel 2: Clearly the bakken is not going to pay in this location, due to the fault structure.

    Abercrombie: Good results. Combining the information available from Gretel and Abercrombie it looks as if the western/northwestern edge of the prospective bakken area of Fort Peck has been defined.

    TB - the $$$'s spent on the PR consultant to write/review the announcement was worth it.

    Cheers, Sharks.
 
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