Well done blues,-------Huge Optionality Largely Ignored by Risk Averse Market
Samson has recently added two significant projects to its Niobrara potential,
being the Roosevelt Bakken Project and the conventional oil project at Hawk
Springs. In spite of this additional upside potential, the share price has not
moved as the market continues to remain risk averse. The upside potential of
the Company has increased and now investors have 3 chances at >$500m
instead of 1. Crystallisation of this potential will occur through the drilling of up to
6 wells prior to the end of the year, with significant cash on hand post funding.
We rate Samson as a Buy with a 6 month price target of 27cps.
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Well done blues,-------Huge Optionality Largely Ignored by Risk...
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