SSN - Samson Oil & Gas

[skivvy]

Huge volume spike today at the close and after????
Something is brewing here, every time T Barr speaks the sp goes down?
Need to do some digging this weekend to find out what is happening

 

[skivvy]

Trading halt regarding cap raise and the forum is quiet, no supporters left to talk about options. Oh well Friday will tell us one way or another. dilution or part funding from an investment, or asset sale???

 

[berbouy]

looks like dilution, and a substantial amount of it-some will see it as glass half full, some will see it the other way-but whatever way you look at it, it is a long long way from the heady days of mid teens, and all that promise.i was lucky to exit(at a loss) at 12 cents- but still watch and hope for some great news for the patient holders-god, how much patience have some got?shows what a tough game it can be, especially so in the o&g space, look at ggp, no perhaps better not.naturally the boss cockies are still managing to draw, what-half mill, one mill per annum-nice work if you can get it!
all the best to those taking the offer up,all the best to those still holding; and i really hope that things can turn around soon.
pleased that i no longer contribute one cent towards t barrs salary.

 

[skivvy]

Right there berbouy, no patience left for most holders of Samson! This is not a good Ann in my opinion, looks like the only cash option is to try and tap shareholders for more $$$ and most holders have lost faith in the mgmt team. I am looking at taking up the 1for 3 as the acreages are not dry they just have been poorly executed program's and a loss of a lot of cash over the last two years. Nth stockyard is a good spot to get things stable again and they need the cash to get it going, I just wish it was from another source and not a dilution as proposed. A second near death experience for SSN in 2013, will it pull through again, we will see???

 

[skivvy]

What are the feelings from holders (or non-holders for that matter) on support for the rights issue? I was encouraged by the instos chipping in another $500k USD as per Ann today, I will be supporting the issue, yep still a believer

 

[skivvy]

Volume and price up on Friday, encouraging signs, news pending? Drilling of NS is going ok, maybe some news on a JV on Prairie Falcon or bluff federal or some interest in Roosevelt??? At least we are near the RI price now.

 

[skivvy]

Nice few days for Ssn holders, up around 30% and big volume. Nth stockyard is going ok so far and looks like a farmin for bluff 1-11 Ann in the qtly today. Looking forward to some good oil flows from sail and anchor and billabong once fraccing is completed in the new few weeks!

 

[Blade Runner]

With the AGM coming up on the 15th. I wonder if the presentations in melbourne and sydney are to appease or to excite the shareholders. Anyone going? If so what did they think of it.

 

[Echidna50]

Samson Oil (SSN), AXAS, EOX and other juniors from the US

http://seekingalpha.com/article/2517215-after-an-impressive-payoff-arsenal-energy-is-not-in-the-bargain-bin-anymore