not waving..drowning, page-12

Ive had a look at the announcement. Must be some sort of miscommunication here. I can't help but think that this should read 6000 PER WELL. Otherwise it all makes no economic sense.

From the Samson April announcement (IPAA New York) Well costs exceed $6m. On the basis of the announcement, if samson were making say $35/b profit, they would make only $2.5M p.a. Hardly worth it.

But on previous announcements, where they state they were expecting 300+ boepd for say gene/gary (and acheived substatnially more), at 300 boepd, this gives us 9000/mth. Be conservative and say 6000 - which is I think what they are saying.

I could be wrong, but I just topped up a little bit more.