SSN 0.00% 1.5¢ samson oil & gas limited

Mezza, I held this stock early on and made a 2 bagger, thanks to...

  1. 62 Posts.
    Mezza,

    I held this stock early on and made a 2 bagger, thanks to the niobrara land flip to CHK and stockyard field gushers.

    Personally, I sold because I do not share the same optimism many here do in Ft. Peck when you consider well costs and decline curve in the area. It appears my fears are coming to fruition so far.

    The last card in the Samson hand would be the Goshen Co. leases, which I'm not a believer in. SOA II is targeting what TB considers the most prolific potential pay zone when looking at 3d. This well is crucial, but it's anyone's guess when we will hear intial oil production results. The new rig and drill design should penetrate to the pay zone, but the oil production will be <75 bopd from these traps (glass half full approach IMO).

    I just don't see the bottom line appreciation that some do aroun here.
 
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