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SSN - Samson Oil & Gas

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Re: SSN - Samson Exploration

Trevoru said:
Hi Slipperz - from a Samson holder and most other holders, thanks for all the work and posts - have a great Christmas and hopefully we'll all get a result in first 1/4 2011.

Rgs - Trevoru
Click to expand...

Cheers! Honestly finding a great little company and watching it grow is what I enjoy about the markets, rather than plonking a bit of cash on an established dividend payer.

Sometimes things go wrong and we have delays like now and it gets a bit frustrating but I'm hanging in there with sampson!

Just found this lil snippet re the seismic which would seem to be going pretty much according to plan http://kgoskerm.com/archives/3200 :cautious:

It's looking like we might have seen the end of 80 dollar oil as welll...$91.50 as we speak. Now what was it we sell again...lol

Merry christmas to all and here's to a great year of exciting growth in 2011 for SSN holders!

:D
 
Re: SSN - Samson Exploration

hi slipperz,just like to add my thanks for all your efforts.I have ssn in the drawer with ccc,frustrating but the rewards will come.Cheers Al
 
Re: SSN - Samson Exploration

Oh my goodness is this a bit of a backhanded production report from Chesapeakes wells on the acreage we sold them "just to the south" of ours??

If it is then it is very very very good news!!!!!

Capture.PNG

:bananasmi
 
Re: SSN - Samson Exploration

Slipperz said:
Oh my goodness is this a bit of a backhanded production report from Chesapeakes wells on the acreage we sold them "just to the south" of ours??

If it is then it is very very very good news!!!!!

View attachment 40515

:bananasmi
Click to expand...

Thanks for the link Sipperz, be nice to still hold those acres,one thing that stands out from a quick read is the faith shown by macquarie.
 
Re: SSN - Samson Exploration

albaby said:
Thanks for the link Sipperz, be nice to still hold those acres,one thing that stands out from a quick read is the faith shown by macquarie.
Click to expand...

Yeah well they will be out of the picture other than their holdings by May when we clear our debt to them.

Positives I am taking from this report are

1. Depreciation of assets (1.1 million last FY)due to low gas prices should no longer be an issue as gas prices seem to have stabilised around the $4.00 mark. In fact our assets should start to appreciate with higher oil prices.

2. 25% increase in oil production from 24 608 barrels in FY 2009 to 30 719 in FY 2010.

This compares to production for Q1FY 2011 of 11 736 barrels (and some gas) excluding results for Gary1#-24H which flowed at IP of 2780 BOPD from 30/09/10 and will be reporting 90 day flow rates next week.

3. Average price per barrel of oil received in 2010 $67.50...we're nearly 30% above that right now on constantly rising production.

4. Two bakken wells now drilled and waiting for fraccs to come into production.

5. $75 million big ones in zee bank for development of incredibly good potential acreages in the Niobrara and other prospects for development.

6. Oh yes one downside to all this a falling shareprice LOL. Gotta love the markets sometimes :rolleyes:
 
Re: SSN - Samson Exploration

Some good news in from the Bakken. Gary1#-24 is still producing strongly :)

Capture.PNG

Total cumulatative production is the far right column


67 days of production for Gary#1-24 @ 45 714 barrels is 682 BOPD. Nice!

More importantly our share @ 37% is 16 914.

At this rate production should nearly cover the cost of the seismic and admin for the quarter.
:D
 
Re: SSN - Samson Exploration

Meanwhile back in Goshen County....Chesapeake is spudding another well next door as per overnight news from the WOGCC


49-015-20189

CHESAPEAKE OPERATING INC
COURAGEOUS US 26 ST No. 1-16H
NW NW Sec 16 T24N R63W 300 FNL & 300 FWL
Received 07/02/2010 Approved 07/20/2010
Contractor 3D DRILLING Spud Date 12/30/2010

Not sure if this is a royaly earner or not. Speaking of Chesapeake the scale of their operation is quite extraordinary.

http://blogs.star-telegram.com/barn...sapeake-nearly-400-barnett-wells-in-2011.html

They put 411 wells into the Barnett Shale in one year! If the results are good from their first few wells in the Niobrara acreages with the price of oil where it is they are gonna turn Goshen County into swiss cheese!

Oh and give us a 3.85% share of all production....BRING IT!!!!

:cool:
 
Re: SSN - Samson Exploration

Somethings brewing here. SSN up 10.71% on the Amex overnight with an hour to close.

http://www.google.com/finance?q=AMEX:SSN

We might get a few refugees from NDO, KIK, BUY and MMR looking for a new home for some cash this week.

With 75 million in the kitty SSN has a solid cash backing to shield us from any drilling disasters.
:cool:
 
Re: SSN - Samson Exploration

Slipperz said:
Somethings brewing here. SSN up 10.71% on the Amex overnight with an hour to close.

http://www.google.com/finance?q=AMEX:SSN

We might get a few refugees from NDO, KIK, BUY and MMR looking for a new home for some cash this week.

With 75 million in the kitty SSN has a solid cash backing to shield us from any drilling disasters.
:cool:
Click to expand...
Slipperz closed at $1.25 in US with increase in volume to nearly 1.4m shares, out of the blue movement, maybe finally due some news or could be getting back in line with the Australian share price, could be an interesting open today - it has been a long wait for some positive news, let's hope it has been worth the wait.
 
Re: SSN - Samson Exploration

Youtry said:
Slipperz closed at $1.25 in US with increase in volume to nearly 1.4m shares, out of the blue movement, maybe finally due some news or could be getting back in line with the Australian share price, could be an interesting open today - it has been a long wait for some positive news, let's hope it has been worth the wait.
Click to expand...

Yes it was a huge spike in volume in the US . Daytrader chatter is all over SSN today. Depth now 1:1 and sellers not coming on screen. It's going to run hard today I think..... ;)
 
Re: SSN - Samson Exploration

Buyers Sellers
No. Volume Price ($) Price ($) Volume No.
71 buyers for 9655877 units 67 sellers for 9836324 units
Loading Market Depth...
1 56,187 0.065 0.060 100,000 1
3 600,000 0.064 0.062 116,199 1
6 1,379,000 0.063 0.063 870,000 5
3 350,000 0.062 0.064 298,019 6
6 1,000,000 0.061 0.065 1,211,366 7
5 745,000 0.060 0.066 150,000 2
2 258,127 0.059 0.067 200,000 2
6 480,000 0.058 0.068 155,000 2
6 876,763 0.057 0.069 491,802 5
9 622,300 0.056 0.070 1,873,507 7
 
Re: SSN - Samson Exploration

whats the word on ssn?? lots noise on this stock... but no news or announcements??
interesting..
 
Re: SSN - Samson Exploration

kalin said:
whats the word on ssn?? lots noise on this stock... but no news or announcements??
interesting..
Click to expand...

It's been consolidating for a while now. Projects are moving forward. Today we just popped!

Not a lot of sellers between 0.66 and 7 cents atm!
:2twocents
 
Re: SSN - Samson Exploration

Slipperz said:
It's been consolidating for a while now. Projects are moving forward. Today we just popped!

Not a lot of sellers between 0.66 and 7 cents atm!
:2twocents
Click to expand...

Another strong night in US overnight up to $1.33 (.08) with no news, oil down and DOW down and volume on one of the lightest traded days up over 1.4m again (previous to the last 2 days I think we were barely doing 300k per day). Not sure what is happening. Hoping for some sort of announcement to keep it going or we could head back to where we started.

Still on a risk/reward basis 2011 looking good. Happy New Year.
 
Re: SSN - Samson Exploration

Youtry said:
Another strong night in US overnight up to $1.33 (.08) with no news, oil down and DOW down and volume on one of the lightest traded days up over 1.4m again (previous to the last 2 days I think we were barely doing 300k per day). Not sure what is happening. Hoping for some sort of announcement to keep it going or we could head back to where we started.

Still on a risk/reward basis 2011 looking good. Happy New Year.
Click to expand...

Yes some news might help the cause.

Hopefully we won't have to wait for the quarterly for an update.

Makes me wonder what TB and co are up to given recent SP activity....
 
Re: SSN - Samson Exploration

Interestingly whispers on Wall Street are that BHP is looking to take over Andarko energy although BHP are saying nothing yet.

APC was up 6.9% to $75.59 in overnight trade.

Acquiring APC would give BHP 500 000 acres in the Niobrara.

:cautious:
 
Re: SSN - Samson Exploration

SAMSON OIL & GAS LIMITED
Data News



NYSE Technologies Global Market Data | As of 03 Jan 2011, 16:52 (ET)
Market data below delayed at least 15 min.

Symbol Last Trade
16:03 03 Jan
Change Volume
SSN $ 1.48 +0.16 (+12.12%) 2,082,446
 
Re: SSN - Samson Exploration

Trevoru said:
SAMSON OIL & GAS LIMITED
Data News



NYSE Technologies Global Market Data | As of 03 Jan 2011, 16:52 (ET)
Market data below delayed at least 15 min.

Symbol Last Trade
16:03 03 Jan
Change Volume
SSN $ 1.48 +0.16 (+12.12%) 2,082,446
Click to expand...

From 1.10 to 1.50 in four days on no news?

Makes you wonder!

We could be back in the 7's today here in Oz :)
 

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