If people read the annoumcement more closely - the royalty is not a straight 3.8 - but rather appears to vary.
"Samson has retained a royalty *AVERAGING* 3.8% across those leases"
It appears to me that different leases may have a differing royalty amounts. So it would appear to me that the amounts SSN receives will depend on the royalty for that particular lease.
Would be nice to know which lease has which royalty - hopefully the the more productive will have the higher royalty rates :-)
Just a thought
Thanks Mezz
SSN Price at posting:
7.1¢ Sentiment: LT Buy Disclosure: Held