I got out of Samson many months ago. Glad I did, SSN has definately been the most overhyped stock on the whole ASX all year. FACT! Even with a strong balance sheet ,and so much cash. These are very impermeable tight shales like concrete with less than 5% porosity, and require lots of capital spent on fracturing these wells. The risk/reward factor is enormous. Thats why I got out months ago. Then you have risk of inadequate oil cut flow back, inadequate flow rates and flow pressure. And how about the risk of contamination of the well..Glad to be out!!!
Good luck Samsonites..
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I got out of Samson many months ago. Glad I did, SSN has...
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