SSN 0.00% 1.5¢ samson oil & gas limited

why i'm not concerned

  1. OMR
    1,173 Posts.
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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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Currently unlisted public company.

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