SSN 0.00% 1.5¢ samson oil & gas limited

gene flows: 1112 boepd ((960 bopd+ 913 mscfd), page-38

  1. 12,719 Posts.
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    I think they are good results but don't know how the market will react.
    You will still be in front if you buy now but i suspect many will sell on the spike and buy back in for a long term hold.
    You can see that gene had a drop off to 948boepd 24 hours later from the 5 stages.
    The good thing about these wells and the new fraccing is the payback is a short time.
    Have a look at the Bexp presentation and the drop off rates of the bakken.
    The good thing about the bakken is the oil is uniform throughout and they are only draining a strip only about 2(60acres) blocks wide in a 1 square mile spacing unit.
    They are going to a 320 acre spacing unit and they will probably go to 160.
    Even bexp are using figures of 600 thousand barrels per well in their presentation.
    It's still a buy imo but hope people aren't buying expecting 2000bopd production.
 
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