SSN 0.00% 1.5¢ samson oil & gas limited

samson oil & gas lodges quarterly report and a, page-34

  1. 27 Posts.
    Just having a quick look at the state of play here:
    March qtr boepd 377
    rev 1.9mill
    admin 1.74mill
    wells brought online 0 (maybe 1 with ausII if you're generous)
    cash 31.4

    Dec qtr  boepd 198
    rev 1.7mill
    admin 1mill
    cash 42.4mill
    wells brought online 2 (defender and everett) (defender only brought in 18bopd)

    June qtr boepd 273
    rev 2.7mill
    admin 2.12mill
    cash 53.9mill
    wells brought online 0

    By the pattern I see, next quarter we will have a rise in revenue met by a rise in admin costs and a drop in cash reserves ...hmmm time for some bonuses for the management team as they are great at spending any revenue that comes through the door.
 
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