SSN (ASX) Oil 67.37$

Originally posted by buc ↑

A close relationship with Slawsons and being under their guidance could make the difference. They have been through and survived booms and busts.

Slawson Exploration Company, Inc. is a privately held oil and gas exploration company founded by Donald C. Slawson in 1957.

Since its inception, SECI has drilled over 3500 wells in 10 states employing advanced techniques like 2D Seis/Strat in the early 80's, Horizontal drilling in the late 80's, large scale 3D AVO in California gas basins in the 90's and record-holding staged fracs for hydrocarbon harvesting in the oil resource plays throughout the Rockies.

SECI has now drilled hundreds of laterals in 14 different formations in 7 basins.

As an aggressive exploration firm, SECI focuses on risk-reduction technological advantages in time-tested, prolific geologic provinces, delivering greater returns for investors.

http://www.slawsoncompanies.com/exploration.html

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Nice positive post from my old buddy, Andy Maxwell on the other board.He knows his stuff and is not in this stock for fun, but as an investor.Patience folks.
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andymaxwell • 11 hours ago

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Samson already drilled most of its expensive nsy in-fill lateral frack wells on budget with extraction costs of $24/barrel.......its break even profits are around well under $40 per barrel revenues for light sweet with after payout working interests to increase soon......existing drilling/completion cost budgets already in place to cover the remainder of nsy and rainbow program with falling costs for rig day rates.......Samson is in very good shape with its hedges and low borrowing debt interest rates currently being paid down........plus the hawk springs prospects are all lower cost vertical wells with possible nat gas development (nat gas is holding up very well)........and new lease acquisitions are for cheap vertical drilling wells.......been here before people........opportunity knocks........keep punchin them holes tmb........ Less
Sentiment: Strong Buy