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0.00% 1.5¢ samson oil & gas limited

the niobara acreage is not proven, page-23

  1. deszmodo
    647 Posts.
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    11/07/11
    13:15
    Post #: 8657818
    "Bakken wells typically cost about $50 per barrel to produce."

    Not from my research. A Bakken well is currently costing from $5M to $6.5M, depending on the no. of stages fracced. Niobrara, DJ Basin, started the year at $4.5M and is now pushing 5. The Niobrara is a more complex play, meaning it has more hot spots. If you research throughly you will have a clearer picture of what is happening.
    SSN Price at posting: 13.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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