projected earnings for 2012-2013, page-3

Buc, Hate to rain on the parade but I think the Roosevelt WI is 55.34% if FPEC back in at 33.33%.
See ann: 27th July 2011.


Can anyone explain why the 3rd tranche of 50k acres is no longer within our reach. I've heard it said a few times now through out the threads?



SAMSON OIL & GAS CLOSES FIRST TRANCHE OF ROOSEVELT ACQUISITION
Denver 1700 hours July 27th, 2011, Perth 0700 hours, July 28th, 2011

Following the drilling of the two appraisal wells in Tranche 1, FPEC will have the right to back into a
33.34% position in both tranches by reimbursing Samson’s acreage and drilling costs to the extent
of that equity. In such an event, Samson will have a 66.66% working interest and a 53.34% net
revenue interest.