spud week, page-3

Goldbrick. The stock was mentioned briefly but positively in the BeaconEquity notes last week:

"Samson Oil & Gas Limited (SSN) TraderNote – SSN Completes Documentation for the Sabretooth Drilling Prospect

Samson Oil & Gas Limited (SSN) shares are slightly down in to $4.45, after climbing 20 percent yesterday afternoon. Samson Oil, together with its subsidiaries, engages in the exploration, development and production of oil and gas properties in the United States.

Samson Oil advises that it has completed the necessary joint venture documentation for the drilling of the Sabretooth prospect. In conjunction with this activity, the operator for the Sabretooth #1 well has contracted a drilling rig and has commenced civil works to prepare the drilling location such that this well is expected to spud during the week of June 22. The prospect is located in Brazoria County, Texas, in the onshore Gulf Coast Basin.

Samson Oil holds 100 percent working interests in the Brown's Ranch project; the Firehole Canyon project, which consists of 12,000 acres in the Green River Basin area; the Greens Canyon Gas Field; the Stage Coach East project consisting of 1,200 acres; the Flaming Gorge project; and the State GC Gas Field, Wyoming, as well as owns a 37.5 percent working interest in the Amber Field SE comprising 6,000 acres located in Oklahoma, a 55 percent working interest in the Baxter Shale Oil project, and a 50 percent working interest in the Codell Sandstone Wet Gas project.

The company also holds a 50 percent working interest in the Hawk Springs project; a 21 percent working interest in the Jonah Field located in the northern part of the Green River Basin; an 18.2 percent working interest in the Look Out Wash Field in the Washakie Basin; a 50 percent working interest in Niobrara Formation Oil project; a 34.5 percent working interest in the North Stockyard project comprising 3,303 acres; a 25 percent working interest in the South Goose Lake prospect with 2,480 acres; and a 27 percent working interest in the State GC oil field.

In addition, Samson Oil has the right to earn a 50 percent interest in the Gold Coast Coal Bed Methane project in the Green River Basin, Wyoming.

As of July 1, 2007, it had proved and probable reserves of 494,200 barrels of oil, and 36,936 million cubic feet of gas.

In today's daily chart, almost all technical indicators of SSN are pointing north. RSI indicator with a reading so far of 62 percent is in the bullish zone with no indication of an overbought or exhausted condition. MACD indicator reflects a strong bullish signal with the histogram reading above the 0 level at 0.084 and the 12-day and 26-day EMAs also above 0 at 0.116 and 0.032, respectively, indicating an increase in moving averages. Slow Stochastic indicator with readings so far of 63.48 %K and 42.81 %D likewise reflects a bullish signal with the lines steeply directed upward with no indication of an exhausted condition. With share prices hitting the stock's 52-week low of $2.35 March 4, a significant support level or buying entry point was established, pushing up prices 112 percent to their present level."