Australian (ASX) Stock Market Forum

SSN - Samson Oil & Gas

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Slipperz said:
Reasonable volume! :roflmao:

I'd like to see what would happen on the ASX if 60 odd million shares got traded! In fact I wonder how many shares are left in Australian hands!!!!

Makes me wonder what''s going to happen to PRR when they list on the NASDAQ soon and start trading ADR's on the NASDAQ through Bank Of New York Melon at a 30-1 ratio.

I'm cross promoting a bit here I know but I will soon be holding two dual listed stocks in SSN and PRR.

Difference is there are like 1.8 billion SSN shares floating about and only about half that many PRR shares.

Anyhoo the yanks are getting either of them at the moment from me! :D
Click to expand...

Understatements - good
Cross promotions - good
Am looking very closely at PRR - haven't jumped on board yet - need to sell ??? (something) just not sure what prior to buy - so much potential around interesting holdings at moment so unsure what to off load - other than the "interesting" holdings, there's a number of dogs that aren't worth selling.
Hopefully a clearer picture on some holdings next week and and won't miss out on PRR.
:)
 
Trevoru said:
Reasonable volume in US overnight with dyas high back up to $2.91

Samson Oil & Gas Limited Sponso(AMEX: SSN )
After Hours: 2.70 N/A (N/A) 8:01AM EST

Last Trade: 2.75
Trade Time: 4:00PM EST
Change: 0.02 (0.73%)
Prev Close: 2.73
Open: 2.68
Bid: 2.72 x 200
Ask: 2.75 x 2600
1y Target Est: N/A
Day's Range: 2.63 - 2.91
52wk Range: 0.35 - 2.94
Volume: 3,444,572
Click to expand...

Yes it was an interesting night watching SSN in the US, the move up to 2.91 was unexpected by me considering the pull back on the ASX on Friday. With volume trading more than two times the daily average on AMEX it was a positive sign for SSN holders and I believe support will hold at 13c now. The $2,90 ish level looks like resistance in the states which equates to 14.5c ausssie. A break of this is the next target for me.

I noticed Slippperz that there has been some largish OS trades on SSN over the last week and this gives support to your view that some foreign investors are picking up shares in Samson.
GLTA holders.
 
skivvy said:
Yes it was an interesting night watching SSN in the US, the move up to 2.91 was unexpected by me considering the pull back on the ASX on Friday. With volume trading more than two times the daily average on AMEX it was a positive sign for SSN holders and I believe support will hold at 13c now. The $2,90 ish level looks like resistance in the states which equates to 14.5c ausssie. A break of this is the next target for me.

I noticed Slippperz that there has been some largish OS trades on SSN over the last week and this gives support to your view that some foreign investors are picking up shares in Samson.
GLTA holders.
Click to expand...

Maybe our new partners Haliburton know some people in the oil game with deep pockets that want in?


And Cheseapeake must have results in from it's ORRI wells now, that could be a factor.


In fact they must be getting very close to coming off confidential listing now that I think about it!:D I might go have a dig for something now .....

That could make things interesting if the news is good.


LOL things can only get better I guess. Production in Goshen County still zero.

http://wogcc.state.wy.us/StatsForCounty.cfm?oops=

Apparently CHK don't exist?? Might have a deeper dig by well number etc will take a bit longer.

This calls for a beer :)
 
No production figures have been released for enterprise, gleam or courageous .... yet :banghead:

Just a few across the fence rumours from the locals is all we have.
 
Hi All,

I've been researching into SSN for awhile now and considering into buying just out of curiosity the companies future looks secure is it possible that this share could raise to over .50c or more by the end of this year ?
 
Slipperz said:
No production figures have been released for enterprise, gleam or courageous .... yet :banghead:

Just a few across the fence rumours from the locals is all we have.
Click to expand...

Yes Slipperz I have been reading the across the fence rumours also from apparent locals in the Wyoming area and that Intrepid and Enterprise have both been fracced already, but until we get some news then it is just that, rumours............... And as I have learnt, trading the rumours can be dicey. I have my positions now and will hold tight for the ride in the next few months, it will be interesting and hopefully quite profitable. I think I will have another beer too. :p:
 
Oil prices really running up now on middle east tensions.

Libya creating more uncertainty.

Dow futures looking grim but by tomorrow we might be looking at $95 dollar oil.

Turbulent times in the middle east may make our cosy lil oil patch in Wyoming even more attractive :D
 
For those interested the Bakken well cumulative production has been updated at:

https://www.dmr.nd.gov/oilgas/bakkenwells.asp

Although this is the offical site for Bakken production using the last quarterly figures they were higher on the ND site than the SSN quarterly accounts. Please note oil updated not gas at this stage allow a few days for gas update.

June 11 quarter could be a record breaker for SSN with oil heading to $100, Rodney (27% to SSN) and Earl (32% to SSN) frac in March - (Gene and Gary did around 40,000 BOO each in first 3 months in total) - anything similar and looking at 22,000+ BOO to SSN in June 11 quarter from these 2 wells alone, first Niobrara free carry well and maybe some refrac of other wells. Happy to sit and watch it all unfold.
 
Youtry said:
For those interested the Bakken well cumulative production has been updated at:

https://www.dmr.nd.gov/oilgas/bakkenwells.asp

Although this is the offical site for Bakken production using the last quarterly figures they were higher on the ND site than the SSN quarterly accounts. Please note oil updated not gas at this stage allow a few days for gas update.

June 11 quarter could be a record breaker for SSN with oil heading to $100, Rodney (27% to SSN) and Earl (32% to SSN) frac in March - (Gene and Gary did around 40,000 BOO each in first 3 months in total) - anything similar and looking at 22,000+ BOO to SSN in June 11 quarter from these 2 wells alone, first Niobrara free carry well and maybe some refrac of other wells. Happy to sit and watch it all unfold.
Click to expand...

Yup it's looking good now isn't it. We still have a long way to go in terms of realising the full potential here but we've definitley gained some momentum this quarter!

Weekly is looking pretty good too :D


Capture.PNG


Game on once we crack 17cents IMHO


:cool:
 
i'm not a holder or ssn, but i really like what i'm seeing so far.

thinking about getting on board but if Monday sees new highs i'll try and wait for a slight retrace before jumping on.

are there any current short-medium term SP targets from brokers out?
 
geelongfan said:
i'm not a holder or ssn, but i really like what i'm seeing so far.

thinking about getting on board but if Monday sees new highs i'll try and wait for a slight retrace before jumping on.

are there any current short-medium term SP targets from brokers out?
Click to expand...

Hartlys have a 3 month target of 18.4 cents I've seen elsewhere but I haven't read the reports.

I guess a retrace may occur at some stage maybe if the POO tanks but if you consider the newsflow expected in the next 30 days IMHO you might miss out altogether waiting.

Consider: 14th March Rodney #1-14H is fraccing
28th March Earl 1-13H is fraccing
"end of 1st quarter" Haliburton to have finished analysing 3D seismic and commencing drilling on two free carried wells in Goshen County.

Also there is the bone spring formation waiting to be fracced to improve production,the diamondback drill on hold due to title issues being sorted and further drills in the Bakken to be announced.

Still no word on the sale of the gas assets in Jonah Field and Lookout Wash which could come at any time. BHP buying CHK's gas assets in the Fayettetteville shale might have helped prices in the depressed gas market along a bit as well.

Then we have the biggie the Goshen County campaign.

It's going to be a big year for SSN in 2011 :)
 
have read Hartleys report.

Price just touched 18.5c (went over 3.50 in US)

up about 25% last 2 days

god blesss us when they actually release some upcoming announcements!

their acreage is trading at a big discount to other similar coys.

I am extremely glad I recently ditched my worst O&G sector share and put in on the "best"
 
Had a buy in all day for SSN yesterday at 15.5c...just bought at 18c..if the ASX hadn't gone down it would have hit yesterday am certain :(

One thing am confused about with SSN...does the dual listing effectively put a faux ceiling on it over here? With SSN not a dual 1:1 listing, with the stock bundle hitting $3.50 o'seas, from a solely multiples perspective I see this as a question mark over it's potential over here....but I might be wrong...any views if this matters?!
 
Slipperz said:
Soooooo much money :)

Click to expand...

Congrats Slipperz - you deserve all you can get out of SSN.
I researched and got on because of your enthusiasm - so thanks - I owe you a Hieneken or two.
Also interesting today in comparrison to lack of much action in the market.
Still a way to go - results and Ann to come.
Good luck to you and all other holders.
Cheers - TU.
 
Last edited by a moderator:
Yes congrats to all holders of Samson, it has been a great ride and still more in the pipes yet with plenty of news to flow in the next month. Slipperz it has taken a while to gather momentum but it looks like all the ducks are in a row now and man lets enjoy it, yeehaa:):D
 
Hi Slipperz, I am glad you combined my all time favourite band with my current favourite share SSN, like your work.
 

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