SSN - Samson Oil & Gas
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Re: SSN - Samson Exploration
It's a big run up without news.
I guess the timelines and the enercom presentation have combined to drive us up a bit in the US and the ASX is now following the US lead.
A JV ann with Haliburton will send the SP through the roof, could be coming anyday I suppose? I doubt zavanna will be contracted into Hawk Springs we need a big boy to do some heavy lifting for us!
It will be interesting to see where we end up today. Bit of a standoff at the moment slightly under the US trade price (0.074 USD=0.0729464 AUD ) but good to see plenty of buyers lurking just off the offer!
Still tipping HAL but don't expect any ann until after 22nd Jan. Good luck all.
It's a big run up without news.
I guess the timelines and the enercom presentation have combined to drive us up a bit in the US and the ASX is now following the US lead.
A JV ann with Haliburton will send the SP through the roof, could be coming anyday I suppose? I doubt zavanna will be contracted into Hawk Springs we need a big boy to do some heavy lifting for us!
It will be interesting to see where we end up today. Bit of a standoff at the moment slightly under the US trade price (0.074 USD=0.0729464 AUD ) but good to see plenty of buyers lurking just off the offer!
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Re: SSN - Samson Exploration
WHOA huge chomp! 0.072 cleaned up in one hit!
opcorn:
WHOA huge chomp! 0.072 cleaned up in one hit!
opcorn:Re: SSN - Samson Exploration
I am hoping at present this rise relates to a correction in SP to better reflect the current asset position and potential of SSN. 35% increase in share price in the last 4 trading days on the AMEX - although they had to catch up to the Aus mkt as it was trailing - is very positive, especially with increasing volume and no news (yet).
Need to remember SSN is producing and should produce enough this quarter to cover operating costs (interest, admin and production) as per last quarterly projected at around $1.9m and would be on target to do around $2.3m to $2.5m given current O&G prices and production figures from Gary (taking into account further decline rates for Dec 10) and other Bakken and Non Bakken Wells. Refer the following link for details of production from the Bakken Wells only:
https://www.dmr.nd.gov/oilgas/bakkenwells.asp (cum oil production up to date to Nov 10 and gas only to Oct 10 - Leonard (10%) - 17446, Gene (30.60%) - 18009 and Gary (37%) - 18824) - these are cumulative production since well started producing.
Think it will be a slow and steady process so that we are adding to our production and proven reserves one well at a time without burning our cash position - not sure if SSN will go gun ho like CHK have plus we do not have the resources to do so but a good JV can change this position.
The groundwork and foundation is being put in place and with the cash backing and Bakken/Niobrara shale plays available to drill hoping for a strong 2011 - definitely a medium to LT hold. But at sub 6c was really a great spec buy as it had a undiluted mkt cap of less than $100m and net $65m (after loan) in cash. For a producing spec on risk/reward basis is still an attractive punt for the 2011 year.
I am hoping at present this rise relates to a correction in SP to better reflect the current asset position and potential of SSN. 35% increase in share price in the last 4 trading days on the AMEX - although they had to catch up to the Aus mkt as it was trailing - is very positive, especially with increasing volume and no news (yet).
Need to remember SSN is producing and should produce enough this quarter to cover operating costs (interest, admin and production) as per last quarterly projected at around $1.9m and would be on target to do around $2.3m to $2.5m given current O&G prices and production figures from Gary (taking into account further decline rates for Dec 10) and other Bakken and Non Bakken Wells. Refer the following link for details of production from the Bakken Wells only:
https://www.dmr.nd.gov/oilgas/bakkenwells.asp (cum oil production up to date to Nov 10 and gas only to Oct 10 - Leonard (10%) - 17446, Gene (30.60%) - 18009 and Gary (37%) - 18824) - these are cumulative production since well started producing.
Think it will be a slow and steady process so that we are adding to our production and proven reserves one well at a time without burning our cash position - not sure if SSN will go gun ho like CHK have plus we do not have the resources to do so but a good JV can change this position.
The groundwork and foundation is being put in place and with the cash backing and Bakken/Niobrara shale plays available to drill hoping for a strong 2011 - definitely a medium to LT hold. But at sub 6c was really a great spec buy as it had a undiluted mkt cap of less than $100m and net $65m (after loan) in cash. For a producing spec on risk/reward basis is still an attractive punt for the 2011 year.
Re: SSN - Samson Exploration
Hi YouTry, good to hear from ya. I hope '11 treats you better than '10, if that is possible. Good day building to better. If those early Goshen holes flow well it will really set this up. Conrat's to TB and crew, they have the eye on the prize and slowly putting the pieces together.
Hi YouTry, good to hear from ya. I hope '11 treats you better than '10, if that is possible.
Good day building to better. If those early Goshen holes flow well it will really set this up. Conrat's to TB and crew, they have the eye on the prize and slowly putting the pieces together.
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Re: SSN - Samson Exploration
Well being a happy holidayer with heineken in hand and a smile on my dial I thought after our long slow quarter of discontentent and a brand new years trading action to contemplate it would be appropriate to BRING OUT THE BANANAS!!!!
:bananasmi:bananasmi:bananasmi:bananasmi:bananasmi
Well being a happy holidayer with heineken in hand and a smile on my dial I thought after our long slow quarter of discontentent and a brand new years trading action to contemplate it would be appropriate to BRING OUT THE BANANAS!!!!
:bananasmi:bananasmi:bananasmi:bananasmi:bananasmi
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Re: SSN - Samson Exploration
Likewise Youtry.
In all honesty I thought with the price of oil nosediving overnight and our recent run up we might have retraced a bit today but the sellers were nowhere to be seen :hide::hide::hide:
And to top it off the buyers arrived at close to put us in the green.
Happy days
Likewise Youtry.
In all honesty I thought with the price of oil nosediving overnight and our recent run up we might have retraced a bit today but the sellers were nowhere to be seen :hide::hide::hide:
And to top it off the buyers arrived at close to put us in the green.
Happy days
http://samsonoilandgas.com/IRM/content/investor_top20shareholders.html
ASX and ADS top 20 holders
Top 20 Shareholders
As at 14 December 2010
Rank Holder Name Units % of Issued
1. National Nominees Ltd 984,393,583 59.14%
2. Macquarie Bank Limited 36,800,000 2.21%
3.Flush Nomineees Pty Ltd 16,170,000 0.97%
4. Nefco NOM PL 14,849,467 0.89%
5. Citicorp NOM PL 14,694,912 0.88%
6. GASCORP Aust PL 10,294,117 0.62%
7. Paesler CB & A 9,000,000 0.54%
8. HSBC Custody Nom Aust Ltd 8,160,063 0.49%
9. Victoria International Petroleum 7,834,967 0.47%
10. Jauleski B & Jauleska Y 7,000,000 0.42%
11. Merrill Lynch Aust Nom Pty Ltd 6,959,036 0.42%
12. Ehrlich Joshua 6,350,000 0.38%
13. Thompson, Jeffrey Ian 6,218,695 0.37%
14. Lewis Loma Dawn 6,000,000 0.36%
15. Perpetual Custs Ltd 5,823,882 0.35%
16. Wilson CJ & Chang WMJ 5,330,882 0.32%
17. Vulcan Cust. Ltd 5,000,000 0.30%
18. O'Brien, John W & MA 4,459,588 0.28%
19. Gerendasi Holdings PL 4,459,588 0.27%
20. Maxwell, Roy Addam 4,000,000 0.24%
TOTAL: 1,164,038,310 69.92%
ADS Shareholders
As at 1 November 2010
Rank Holder Name Units % of Issued
1. Roaring Fork Capital SBIC LP 46,486,960 2.79%
2. Leonard Priven 36,808,000 2.21%
3.Philip A Carpenter 10,555,880 0.63%
4. Sharebuilder Securities Corp 10,165,180 0.61%
5. Wayland E Noland 8,330,880 0.50%
6. Nisan Mierov 6,947,000 0.42%
7. Blocking Services Ltd 5,664,420 0.34%
8. Delaware Charter GTY & TR TTEE 5,530,880 0.33%
9. FMT CO Cust IRA Rollover 5,200,000 0.31%
10. David B Shirley & Michaela L 5,064,580 0.30%
11. Harry Mark Vieth TTEE 5,000,000 0.30%
12. Johan J Penninck 4,730,860 0.28%
13. Scott Randall Clark Roth IRA TD 4,696,960 0.28%
14. FMT CO Cust IRA Rollover 4,640,000 0.28%
15. FMT CO Cust IRA 4,614,600 0.28%
16. Scott Clark 4,268,840 0.26%
17. Scott E Backry 4,084,900 0.25%
18. Michael Kataev 4,027,000 0.24%
19. PFSI FBO William F Mitchell R/O IRA 4,000,000 0.24%
20. Joseph A Nealey 3,917,300 0.24%
TOTAL: 184,734,240 67.17%
ASX and ADS top 20 holders
Top 20 Shareholders
As at 14 December 2010
Rank Holder Name Units % of Issued
1. National Nominees Ltd 984,393,583 59.14%
2. Macquarie Bank Limited 36,800,000 2.21%
3.Flush Nomineees Pty Ltd 16,170,000 0.97%
4. Nefco NOM PL 14,849,467 0.89%
5. Citicorp NOM PL 14,694,912 0.88%
6. GASCORP Aust PL 10,294,117 0.62%
7. Paesler CB & A 9,000,000 0.54%
8. HSBC Custody Nom Aust Ltd 8,160,063 0.49%
9. Victoria International Petroleum 7,834,967 0.47%
10. Jauleski B & Jauleska Y 7,000,000 0.42%
11. Merrill Lynch Aust Nom Pty Ltd 6,959,036 0.42%
12. Ehrlich Joshua 6,350,000 0.38%
13. Thompson, Jeffrey Ian 6,218,695 0.37%
14. Lewis Loma Dawn 6,000,000 0.36%
15. Perpetual Custs Ltd 5,823,882 0.35%
16. Wilson CJ & Chang WMJ 5,330,882 0.32%
17. Vulcan Cust. Ltd 5,000,000 0.30%
18. O'Brien, John W & MA 4,459,588 0.28%
19. Gerendasi Holdings PL 4,459,588 0.27%
20. Maxwell, Roy Addam 4,000,000 0.24%
TOTAL: 1,164,038,310 69.92%
ADS Shareholders
As at 1 November 2010
Rank Holder Name Units % of Issued
1. Roaring Fork Capital SBIC LP 46,486,960 2.79%
2. Leonard Priven 36,808,000 2.21%
3.Philip A Carpenter 10,555,880 0.63%
4. Sharebuilder Securities Corp 10,165,180 0.61%
5. Wayland E Noland 8,330,880 0.50%
6. Nisan Mierov 6,947,000 0.42%
7. Blocking Services Ltd 5,664,420 0.34%
8. Delaware Charter GTY & TR TTEE 5,530,880 0.33%
9. FMT CO Cust IRA Rollover 5,200,000 0.31%
10. David B Shirley & Michaela L 5,064,580 0.30%
11. Harry Mark Vieth TTEE 5,000,000 0.30%
12. Johan J Penninck 4,730,860 0.28%
13. Scott Randall Clark Roth IRA TD 4,696,960 0.28%
14. FMT CO Cust IRA Rollover 4,640,000 0.28%
15. FMT CO Cust IRA 4,614,600 0.28%
16. Scott Clark 4,268,840 0.26%
17. Scott E Backry 4,084,900 0.25%
18. Michael Kataev 4,027,000 0.24%
19. PFSI FBO William F Mitchell R/O IRA 4,000,000 0.24%
20. Joseph A Nealey 3,917,300 0.24%
TOTAL: 184,734,240 67.17%
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The upward momentum continues on the amex. Now the dollar has come off a bit we are lagging even further behind the US lead.
At current cross rates $1.58 AUS per ADR equates to 0.0790627 per share
Moving up in the world...I like it!
At current cross rates $1.58 AUS per ADR equates to 0.0790627 per share
Moving up in the world...I like it!
Thanks for the top 20 update Haddadf - in regards to the ADS looking up Roaring Fork Capital they state on their webpage that they like to hold 5% or more in their investments so maybe they are increasing to this level and this together with the impact of the broker report could have caused the SP increase in the US - speculation of course do not really know, only trying to make sense out of the current price rise with no news from $1.10 on 29/12/10 to today's price of $1.58 in the US.
The link to their webpage is here for anyone interested -
http://www.roaringforkcapital.com/focus.htm
They also like to invest in companies that are cashflow positive or likely to become cashflow positive within 12 months.
Was expecting a pull back in the US overnight but good to see it up again on good volume of 1.75m shares. Happy for a slow and steady rise and then a push along with some positive news. Not sure how long it will continue to rise with no news and will be interesting to see how the Aust mkt reacts today.
The link to their webpage is here for anyone interested -
http://www.roaringforkcapital.com/focus.htm
They also like to invest in companies that are cashflow positive or likely to become cashflow positive within 12 months.
Was expecting a pull back in the US overnight but good to see it up again on good volume of 1.75m shares. Happy for a slow and steady rise and then a push along with some positive news. Not sure how long it will continue to rise with no news and will be interesting to see how the Aust mkt reacts today.
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thanks for publishing the break up.
Not sure if there was any typo as the sum for 20 ADS Shareholders
As at 1 November 2010 does not add up 67.17%.
Regards
suprising that the price is moving up without too much of a retrace back down,,, itll be interesting to see how the aussie stock price moves today after the positive lead from the US.
hopefully we get an announcement soon,, 10cents is getting closer and closer
hopefully we get an announcement soon,, 10cents is getting closer and closer
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Here we go pre NR !
News or a speeding ticket?
News or a speeding ticket?
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Hardly the news we were after. Not bad I guess the seismic is in the can and drill targets should be announced in Feb.
Presuming we have someone to drill and frac for us that is:
The waiting game continues while a few speculators head for the exits.
Presuming we have someone to drill and frac for us that is
:The waiting game continues while a few speculators head for the exits.
Well there you go - the wait will continue - for LT nothing really changed - some delays (again) 3D done and Frac crews working on - sounding like a broken down record. But cash and producing assets will get us through the cold US winter months - will have to wait a little longer. Should get more information towards the middle and end of January not too long but maybe the frustrated investors may push the SP down.
It was like prom night when your date tell's you you are in and then during the night say's changed my mind but then realising on what they are missing out on by the end of the night they are back to a yes.
Australian close .074c no change. No movement but down for a couple of months, then a 25% (in Aus) to 35% (in US) rise in a week on no news then an announcement with further delays to Bakken Wells (although 3D complete and broker report mentioned), a dump of shares to .068c and we end back where we started today.
What will happen in the US tonight - gonna be interesting turning on the computer tomorrow morning got no idea.
Will sit back and watch this unfold over the next few months and see if Niobrara has the goods. Why not have the cash to pretty much soak up any delay, no real change from my view of things. We have even paid for the drill costs for the 2 bakken wells so will add to income sooner or later.
Australian close .074c no change. No movement but down for a couple of months, then a 25% (in Aus) to 35% (in US) rise in a week on no news then an announcement with further delays to Bakken Wells (although 3D complete and broker report mentioned), a dump of shares to .068c and we end back where we started today.
What will happen in the US tonight - gonna be interesting turning on the computer tomorrow morning got no idea.
Will sit back and watch this unfold over the next few months and see if Niobrara has the goods. Why not have the cash to pretty much soak up any delay, no real change from my view of things. We have even paid for the drill costs for the 2 bakken wells so will add to income sooner or later.
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Hi, my name is Joe. I own a large acreage in the middle of Samsons Hawk Springs project. They have just finished thumping all of my ground. It is encouraging to here some of the optimism on this forum for Samson and this project. The landmen that we talk to continually downplay the project as "Sketchy or 50/50 chance of hitting anything". Many of my neighbors have actually SOLD all of their mineral interests to outside companies fearing that no oil will be produced. Keep up the great dialog! Its great to read.
Thankyou
Thankyou
