SSN samson oil & gas limited

Cash cow for BOD

  1. 1,163 Posts.
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    I have now formed the opinion that SSN is nothing more than a cash cow for the Board of Directors.

    I accept that the poo has meant that income is less than what everyone thought it would be once the magic 1000 boepd was reached, however the sp appears to be stuck at around the 1 cent mark and does not look like it is going north anytime soon. Admin and salaries however have not reduced with the BoD still drawing a nice income thank you very much. This has been the story for nearly three years and in my view nothing will ever change.

    By the time the wells have dried up the BoD will probably be ready for retirement and the company will be either sold for a song, or liquidated.
 
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