SSN 0.00% 1.5¢ samson oil & gas limited

question, page-4

  1. 15 Posts.
    hey guys found this on the The Australian.

    One Aussie junior in the shale game is Samson Oil and Gas (ASX code: SSN), which proposes to sell 22,000 acres (8900ha) in Colorado's DJ Basin for $68 million to $88m. Interestingly, the real value of the dirt is not what it contains itself, but to protect other leases in the Niobrara Shale precinct.

    According to Hartleys the deal would value Samson's remaining acreage at $57m, which compares with Samson's market cap of $95m

    Wall describes Niobrara as "one of the hottest resource plays in the US."

    http://www.theaustralian.com.au/business/wealth/black-gold-deep-in-heart-of-texas-oil/story-e6frgac6-1225899247872

    What do you make of the comment "to protect other leases in the Niobrara shale precinct"


 
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