SSN samson oil & gas limited

exit strategy, page-5

  1. Osi
    18,636 Posts.
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    Hmmm.

    Abercombie (IMO) confirms FP as a reasonable play. Meat and potatoes ATM with Gretel providing some potential Gravy. I've said this before. I note the very very high initial (mostly frac) water cut on Abercrombie may be positively indicative of Gretel.

    SOA is a completely different style of play altogether. More speculative (risky) but with a H U G E potential upside. Any news of reasonable pay intervals here will see a SP going north of 30c IMHO.

    Defender?? The pump should work. We need to look to the EUR's rather than pump capacity to make that informed decision here and in my uninformed opinion, a week or so's additional flowback may be needed.

    Capital Raising? My view is that the nature and size of this will be contingent on above results. Every oiler MUST have a financial contingency and in this context it's a non-issue.

    Cheers





 
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