SSN samson oil & gas limited

the bakken update: small caps, part vi , page-3

  1. OMR
    1,212 Posts.
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    Found this also......


    3 ENERGY BUYOUT CANDIDATES: WHO COULD THEY BE?!
    Posted by Turn Key Oil on November 5, 2011


    We have mentioned this before, and we will mention it again, M&A activity in the oil market is growing. Keeping your eyes open for buyout possibilities is probably a good idea if you want to make a solid investment. Well, luckily, we have found 3 possible candidates who could make you some cash on the buyout. Isac Simon suggests these three, and we think he is on the right track.

    Samson Oil & Gas (AMEX: SSN )
    Increased production in the Bakken shale and higher price realizations ensured fantastic growth for this small cap. Revenues grew 106% to $5.9 million in the last fiscal year. Samson has focused more on liquids with oil production up by 106% to 64,000 barrels of oil. With more than 90% of existing reserves already developed, future cost of development should be a problem. Additionally, the company’s recent success in the promising Niobrara shale should fuel growth for the next few years. With a healthy cash balance of $58 million, it leaves ample room for further expansion. In short, this company’s properties are on the sweet spots.







    OMR



 
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