We are based on WTI and as others have mentioned, there is increased rail capacity out of North Dakota and so the disount we get to WTI which is based out of Cushing Oklahoma has reduced to the point where we are almost on parity as TB also mentioned a while back.
only a week ago when WTI was at $91.00 analysts where predicting it would go to low $80's due to the glut at Cushing and weaker US demand along with Iran coming online. Even though Iran wont be able to inccrease sales for another 6 months.
The last few nights oil has had some good rises and is currently at $97.23 in asian trading. Gas has had even better rises over the last month.
From the last few quarters we got the following avg sale prices.
http://www.samsonoilandgas.com/IRM/Company/ShowPage.aspx/PDFs/2387-98857914/September2013QuarterlyReportandAppendix5B
June
2013 Quarter $85.12
Sept
2013 Quarter $99.29
sp post 1000 bopd, page-19
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