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SSN - Samson Oil & Gas

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Hi,

What u mean ' finished thumping all my ground' ? What are u noticing around ur area ? Are there a lot of trucks trucking away oil or what. U could be our insider as there was one with ADI. Keep up good work and let us know as something happens.
 

G'day Joe. Welcome aboard.

Great to have some eyes and ears on the ground over there!

Keep us posted on what's going on and any pictures you might have of any of CHK's drilling would be good!


I'm sure the landmen aren't going to tell you you might be sitting on a billion dollars worth of oil. They are getting paid to get the best possible price for the oil company not you!

The value of the deal with CHK says enough of the prospectivity in itself no?

I guess that's up to the individual landholder to decide but looking at the resistivity contours and the fact the acreages are on the edge of a thermal updip makes the Hawk Springs project a standout in terms of it's prospectivity geologically speaking.

All the recent "ground thumping" is now in the can so the geos will be in lockdown poring over the data and trying to ascertain the best exploratory well locations.

Ideally we might even get a few verticals which would be an absolute bonanza as we will save a lot on well costs and have no need for a frac crew which are seemingly a bit like hens teeth in your neck of the woods.

Anyhoo I'm holding on to my SSN shares until we find out in a few months time.

Personally I think it's more a case of how much oil is there rather than if it's there but that's just my moderately educated opinion.

After the past two weeks of very positive trading I thought I'd take a look at the weekly which i haven't done for a while.....it's looking pretty darn good!



We have finally broken the long term downtrend and should be back in the pre GFC trading range very soon once we crack the 8 cent resistance mark.

Onwards and upwards from there and it could be in a hurry too!

:321:
 
Be careful Farmer Joe it appears the oil men maybe less trustworthy than a used car salesman, although all investments carry risk I always reckon it is better to follow the big boys and it appears they are snapping up the Niobrara with every chance they get and not for $100 an acre any more. They continue to apply for permits in the area and drill and we are slowly getting results from those wells. Better to take a punt and be on board in the early days, do not think these companies are increasing holdings and paying top dollar on a scketchy guess. 2011 we will find out whether they were great used car salesmen or great oilmen. All the best.
 
Thanks guys, As for what I see happening, I have a friend who drives a water truck hauling water to the drill rigs for CHK. He says that they have drilled either four or five holes. The drilling rigs are continually working, drilling one hole then moving to another location and drilling another. None of the holes have been fracture stimulated yet. Maybe waiting for a frac rig, i don't really know. I hear that the game being played is that they are moving forward with drilling the field but not pumping anything yet because there is still acreage unleased in the area and the moment they pump anything they only have six months before the oil and gas commision forces them to report production numbers. CHK, however, is aquiring easements from my friends out there for a pipeline to tie into some of the oil and gas mainlines in the area. As for Samson, they say that they are planning to start drilling somewhere around the last week of Feb or first week in March tenatively. The only reason I know this is because I was trying to work out a deal with them to supply drilling and frac water for them.
 
Farmer Joe,

Your feedback on whats happening in the project area is appreciated. Activity from what we see from the media is on the increase.

We are confident that Terry will deliver in the Hawk Springs project. I hope for yours and our sake that we can get the oil out ASAP.

Your continued posts would be appreciated.

Cheers.
 
Slipperz we are finally moving up close of .082c today a 52wk high. Where to from here? Plenty of news still to come - 3D, JV, Frac Crews, Frac Rodney/Earl and so on. Could be start of an exciting time for SSN. It has been a long wait.
 
tech/a said:
View attachment 40827
Click to expand...


:dance::dance::dance:

lovely day today shame about those bananabenders do be doo

tech/a we have broken long term resistance at 8 cents .. that's a good thing

there's a lot of news in the pipeline here to drive SSN much higher in coming weeks and months

and just for some perspective...

excluding options SSN has 1,664,602,524 shares on the registry, quite a few one must admit.

HOWEVER looking at the current market depth reveals 4 397 288 shares currently available for purchase.

Make of all this what you will bearing in mind I have a not inconsiderable bias in all of this so my analysis is subjective at the very best.

My considered opinion Youtry is the best is yet to come!

Good luck to all holders. If you'll excuse me I do believe it is time for an afternoon libation :drink:

 
Fracking is a contentious issue in the US around (possible) contamination of the ground water resources. See the doco "Gasland", and one lawsuit I know of in the US (was in that region a few months ago).http://dailyposted.com/us/lawsuit-gas-drilling-fluid-ruined-pa-water-wells-ap-7378.html
It's interesting how the oil/gas companies that use this practice are exempt from the Energy Act and Clean Water Act. Why would this need to be so if there wasn't an issue?
 

The biggest issue I have found with local drillers is their secrets are getting out.

Or someone is lying through their teeth on the US yahoo forums....


The field is a go. There is talk of two more Chesapeake wells going in west of Yoder and 3 Noble wells in the same area over the next year. At a landowner meeting people were told that Ches. is looking at bringing in one rig a month for the next 12 months and people have been contacted for pipeline surveys. We leased our land for seismic this morning. Enterprise is doing 150 barrels a day and projected to do 1500 a day after fracking. They said if you see storage tanks at the well site it means they hit. I have seen 3 wells with tanks. Gleam, Intrepid and Enterprise. They are drilling the Windy Hill well and one other one right now. Those two rigs were scheduled to go back to Colorado, but they are keeping them in our area. They said the oil is close to the highest grade you can get. The color of honey. The bottle necks are going to be electricity and the pipelines. They said they would produce the wells till they are paid for and then shut them off until the pipelines are built. I don't have any stock involved so I hope this is helpful for those who do.
Dave

 
tech/a, I agree with your t/a and from my analysis this is a nice push through the triple top resistance level on your chart around the 7.9c level. RSI is pushing a little high also at the moment so I would think a pull back to convert this previous resistance to a support would not be out of the question. I also see a possible continuation flag which has formed from the initial push up from 6c to around the 7.3c level, the flag has formed and the price has now moved up again from the flag pattern. A move up to 8.6 cents would complete the continuation from my perspective with a pull back to around the 8c mark likely after that.

There is alot of things happening with this company out in the field and alot of talk/speculaiton around various forums so anything could happen from here but the momentum is up and the technicals are good enough for me, so I will ride this wave a little longer
 
SAMSON OIL & GAS LIMITED
Data News



NYSE Technologies Global Market Data | As of 13 Jan 2011, 16:43 (ET)
Market data below delayed at least 15 min.

Symbol Last Trade
15:59 13 Jan
Change Volume
SSN $ 1.82 +0.27 (+17.42%) 4,599,221

Exchange: NYSE Amex


Nice
 
Samson Oil & Gas Addresses Recent Market Activity

DENVER & PERTH, Australia--(BUSINESS WIRE)--Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that, as a result of the unusual market activity in the trading of its American Depositary Shares on January 13, 2011, the NYSE Amex has contacted the company in accordance with its usual practice. Samson advises that its policy is not to comment on unusual market activity or rumors. Samson further advises that it continues to adhere to its longstanding policy to make prompt public announcements of material information concerning its business, operations or prospects.

Samson’s Ordinary Shares are traded on the Australian Securities Exchange under the symbol "SSN." Samson's American Depository Shares (ADSs) are traded on the New York Stock Exchange AMEX under the symbol "SSN." Each ADS represents 20 fully paid Ordinary Shares of Samson. Samson has a total of 1,996 million ordinary shares issued and outstanding (including 332 thousand options exercisable at AUD 1.5 cents), which would be the equivalent of 99.8 million ADSs.

For and on behalf of the board of
SAMSON OIL & GAS LIMITED

TERRY BARR
Managing Director
 
Market Depth Refresh View: Price Detail | Order Detail
Buyers Sellers
No. Volume Price ($) Price ($) Volume No.
118 buyers for 15531036 units 43 sellers for 6214685 units
Loading Market Depth...
1 97,562 0.100 0.082 10,900 2
1 29,070 0.095 0.083 320,000 1
1 60,976 0.091 0.084 100,000 1
11 542,916 0.090 0.085 872,173 3
1 100,000 0.089 0.086 500,000 2
3 225,000 0.088 0.087 120,000 1
1 100,000 0.087 0.088 400,000 2
2 240,000 0.086 0.089 430,500 3
3 575,941 0.085 0.090 279,200 4
2 522,000 0.084 0.091 1,063,000 2
 

LOL. Oil what oil?

It's going to be a busy day on the ASX today for SSN, and about freaking time.

This is just the beginning though.

Plenty more in the tank for SSN in 2011

:knightrid
 
Good on ya Slipperz all those days of having a chat to yourself on the forum are now a distant memory - I hope ST it holds but LT still has great fundamentals - now we wait for management to reveal what it has been up to. Thanks for your posts and commitment to keeping us informed. I am taking a break from posting until we get more news from the company. Once again thanks.
 
Slipperz said:
LOL. Oil what oil?

It's going to be a busy day on the ASX today for SSN, and about freaking time.

This is just the beginning though.

Plenty more in the tank for SSN in 2011

:knightrid
Click to expand...

I bought this mid last year just under 3c. Quite happy with its progress so far. She's just a tad under 10c now with the gap through res on open this morning. I think she's got a bit more in the tank myself.

Mind you, I have no idea what the fundies are like LOL. T'was that big surge in volume back in Feb 2010 that got me interested.
 

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Cheers Youtry. Thanks for kicking in with some number crunching for the team!

I'm on my last day of annual so I won't be around as much daytimes next week either but will still be keeping an eye on things regardless!

Nice to start the year on such a positive note!

:grinsking
 
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