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0.00% 1.5¢ samson oil & gas limited

Cash Margin & Oil Price Rise, page-4

  1. chand
    3,622 Posts.
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    10/02/15
    13:47
    Post #: 14728877
    Hi,

    As the cash payment received lags upto 60 days or so, the cash margin for this quarter will be -ve. They still have obligations to drill two more wells.

    How are they going to rectify Debt/EBITDAX ratio of no more than 3.5 on a quarterly basis ? If they don't get a waiver - then what? Very precarious situation to be in !!!
    SSN Price at posting: 1.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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