SSN samson oil & gas limited

Do my eyes deceive????, page-8

  1. 11,254 Posts.
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    Don't be too quick Tibsy. Not done yet but this has all the hallmarks of a great deal.

    The little things matter. Like the last paragraph pg 2. It's a big deal and TB has not only gotten them (SWD facilities) included but also a right to use existing facilities at a known cost. In other words, achieving lower LOE!

    Why are the SWD facilities a big deal? Take a look at historical water production for some of these wells. As an example, OAS Crusch 22X-3 well in (you guessed it, Roosevelt county, and it may even be on Fort Peck?) Montana, that is producing from the Ratcliffe and is currently shut-in. Fits the profile given by SSN for acquisition.

    Here is production plot: Crusch 22X-3 production plot

    Total oil production before shut-in was approx 118MBO and total water produced 819MBW.
 
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