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01/07/11
17:28
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- No Debt
- Competent management, headed by Terry Barr, one of the most experienced Petroleum geologists in the business.
- Working interest in wells currently producing oil and gas and, therefore revenue.
- Cash in the bank, currently around $60 million.
- Excellent Niobrara leases that are prospective for hydrocarbons, with the 1st well, Defender, spudding in 2 -3 weeks. Looking to acquire more.
- Recently closed a deal to acquire up to 90,000 acres in eastern Montana that is prospective for hydrocarbons.
- Developing a sound partnership with Halliburton, the biggest oil and gas services provider on the planet.
- Business is located in the USA, a country that encourages oil and gas exploration and is low sovereign risk.
- Company has the potential to drill 200+ wells if the resource potential is proven which means........
- Samson may become a takeover target sometime in the future.
Cheers OMR
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