SSN 0.00% 1.5¢ samson oil & gas limited

legal implications incorrect announcement, page-5

  1. 2,957 Posts.
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    IMO the message that the ann. conveys is clear. Here is the whole paragraph containing the comment which puts it in context:-

    "As a result of the drilling and fracture stimulation of this sequence of wells, Samson expects to be producing a net 6,000 barrels of oil equivalent a month as at December 2010. The projected December 2010 production rate is based on the data gathered from the Gene 1-22H well projected forward using conservative decline curve methodology. The projection assumes that the other wells making up the sequence perform like the Gene 1-22H well and are drilled and stimulated in a timely manner".

    I would be very very surprised if there is no case law on topic already but I don't personally know of any.

    ANZ
 
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