SSN 0.00% 1.5¢ samson oil & gas limited

Well done blues,-------Huge Optionality Largely Ignored by Risk...

  1. 872 Posts.
    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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Currently unlisted public company.

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