SSN 0.00% 1.5¢ samson oil & gas limited

why we only 1c above cash in bank?, page-9

  1. 500 Posts.
    Perhaps some limiting factor is that SSN is yet to prove up the Niobrara.
    However, All signs around SSN in the area indicate great things to come

    I take this articel from HC member Bobwins1 on the SEA thread. Hope we havent seen it yet.
    Enjoy!!

    Wyo. oil spill hints at Niobrara Shale's potential

    Oil spewing at well east of Cheyenne, Wyo., could be sign of Niobrara Shale's potential
    Mead Gruver, Associated Press Writer, On Wednesday October 20, 2010, 6:38 pm

    CHEYENNE, Wyo. (AP) -- Oil spewing at a new well east of Cheyenne could be good news for other companies preparing to drill into the Niobrara (NY'-oh-BRER'-uh) Shale.

    The Wyoming Department of Environmental Quality says oil surged through the well owned by Denver-based SM Energy Co. last Friday and sprayed from a flare stack for eight hours, blackening 15 acres of ranch land. SM Energy says it's cleaning up the site.

    Mark Northam at the University of Wyoming says the accident shows the ground holds quantities of oil under pressure -- something oil companies like to see.

    Dozens of companies are preparing to drill into the Niobrara Shale near Cheyenne, hoping it will produce as much oil as the booming Bakken (BAHK'-en) Shale in North Dakota.

    http://finance.yahoo.com/news/Wyo-oil-spill-hints-at-apf-2396836582.html?x=0&.v=1
 
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