SSN 0.00% 1.5¢ samson oil & gas limited

Shareholder Briefing, page-19

  1. 1,471 Posts.
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    Exactly. I don't have time to check now but recall the company stating that finance was secure well into 2015. The recent announcement expanding the forward drilling plan will not affect funding until the previously communicated drilling plan is completed. By then, we should have a significant reserves upgrade, allowing greater access to debt funding, and significantly more revenue from production. Any requirement for capital raising next year will be dependent on how aggressive the drilling rpogram is. Who knows, they may actually be able to fund it through earnings and debt.
 
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