Australian (ASX) Stock Market Forum

SSN - Samson Oil & Gas

Jump to new
from memory numbers are/were due this week - hopefully we'll have something today.
At the current prices for "bananas" we could all do with good news prior to Easter.
Heineken and Bananas for Easter? Let's hope so.
Have a good break all - Cheers TU
 
News out in the US on the progress with drilling out the plugs on the Earl well. Weather and Easter has delayed progress but after drilling out the first plug the flow rates increased from 292 BOPD to 960 BOPD for the first two hours after drilling out the first plug. Some encouraging increase there in the flow rates, looking for the rate to increase with more plugs being drilled out over the next couple of days.


Heres the link:

http://finance.yahoo.com/news/Samson-Oil-Gas-Advises-on-bw-3405201338.html?x=0
 
so I guess Monday or Tuesday comes the 'real' announcement of production figures once all 19 fraccing plugs are removed?
 
Hi folks,

I'm fairly new to ASF and the sharemarket in general, what impact does a rising AUD (against USD) have on a company like SSN? Given oil is traded in USD.

Is it a good or a bad thing for SSN that the AUD is increasing in value?

Look forward to hearing from the wiser ones.

Thanks!
 
Nortorious said:
Hi folks,

I'm fairly new to ASF and the sharemarket in general, what impact does a rising AUD (against USD) have on a company like SSN? Given oil is traded in USD.

Is it a good or a bad thing for SSN that the AUD is increasing in value?

Look forward to hearing from the wiser ones.

Thanks!
Click to expand...

G'day Nortorious. Swings and roundabouts really. The price of oil has risen dramatically but the value of the currency we are working with is falling.

It does effect our cash in bank which is devaluing along with the dollar ( most of SSN's cash is held in US banks) but our unrealised assets ( aka zee oil in zee ground) and the oil we are pumping are evaluating!

Overall I think the POO has risen more than the dollar so I'll call it a win for us atm!

In other news here's hoping for some flow rates this week. Or next.....:banghead:
 
Bit of positive sounding news in via the local rag http://trib.com/news/state-and-regional/article_55f5b3aa-6389-5cde-a576-c7502c2e182a.html

Nice to see the focus movings north towards Goshen County :cautious: and great to see CHK ramping up their drilling campaign. 20 rigs running by the end of next year! Hopefully plenty of drills planned on our ORRI acreages :D Looking forward to the spudding of our first well in the Niobrara... not long to go now :)
 
Slipperz said:
G'day Nortorious. Swings and roundabouts really. The price of oil has risen dramatically but the value of the currency we are working with is falling.

It does effect our cash in bank which is devaluing along with the dollar ( most of SSN's cash is held in US banks) but our unrealised assets ( aka zee oil in zee ground) and the oil we are pumping are evaluating!

Overall I think the POO has risen more than the dollar so I'll call it a win for us atm!

In other news here's hoping for some flow rates this week. Or next.....:banghead:
Click to expand...

Thanks for that Slipperz!

I'm eagerly awaiting the news on the flow rates too. I've got a small holding with SSN as of last Thursday.

Looking forward to Monday/Tuesday announcement!
 
Nortorious said:
Any word on when we can expect to hear another announcement Slipperz? :banghead:

Or is patience a virtue :cool:
Click to expand...

These wells got completed in November. Hopefully we might have a flow rate this week. :rolleyes:

As for those juicy acreages in the Hawk Springs project... well we're nearly there. Hopefully Haliburton will get em all drilled and fracced quick smart. I see Noble are doing nine day drilling completions! :eek: I would think the Halibuton rig crews are fairly experienced but wouldn't expect more than one rig operating for the first four exploratory wells. If we can get all four drilled by end of July that would be good. Hopefully the big red trucks won't be far behind to crack em and frac em.

That's when the real money is to be made....or not. If we have four wells flowing 1500 bopd by end of July / August in Hawk Springs plus the two in the Bakken flowing well and Everett drilled and fracced in the Bakken also with the price of oil where it is today todays share price will be looking pretty cheap. :D
 
Nortorious said:
Any word on when we can expect to hear another announcement Slipperz? :banghead:

Or is patience a virtue :cool:
Click to expand...

Perhaps this will suffice?

Capture.PNG

News from the neighbours aka Cheseapeake in the form of their results for Q1 2011. Sadly it seems there is no news other than 6 rigs running....:eek:

Looks like we'll have to wait another quarter for some news from across the fence.
 
Slipperz said:
These wells got completed in November. Hopefully we might have a flow rate this week. :rolleyes:

As for those juicy acreages in the Hawk Springs project... well we're nearly there. Hopefully Haliburton will get em all drilled and fracced quick smart. I see Noble are doing nine day drilling completions! :eek: I would think the Halibuton rig crews are fairly experienced but wouldn't expect more than one rig operating for the first four exploratory wells. If we can get all four drilled by end of July that would be good. Hopefully the big red trucks won't be far behind to crack em and frac em.

That's when the real money is to be made....or not. If we have four wells flowing 1500 bopd by end of July / August in Hawk Springs plus the two in the Bakken flowing well and Everett drilled and fracced in the Bakken also with the price of oil where it is today todays share price will be looking pretty cheap. :D
Click to expand...

Thanks for the great information Slipperz!

I'm hoping my purchase price will prove to be "pretty cheap". :cautious:

Here's hoping that some oil starts flowing over the next few months ;)

Thanks again for the information, very much appreciated!
 
Volume at 9,560,260 at 11:17am this morning. More buyers than sellers in the market too...

Perhaps an announcement due today?
 
More positive news out today. Just need to get the string out of Earl and we'll be in full flight...
 
Been another dreary weak price and volume wise. I think we have found our new base and should build back up from here if we can get some flow rates .....eventually :banghead::banghead::banghead::banghead::banghead::banghead: My expectation was that after the long wait in the 6's and 7's late last year we would track into the high teens with results from the Bakken and then the Hawkspings campaign results which would hopefully drive us up into the 30's and beyond.
We seem to have inverted a bit with a huge speculative spike followed by a sell off on no news. Nothing to be too concerned about IMHO the oil is still there in Goshen County.
For now more patience required :rolleyes:
 

Similar threads

Craton
Albo's Coal and Gas Price Cap and Financial Aid proposal
2
Replies
38
Views
4K
Smurf1976
Smurf1976
T
KOG - Kilgore Oil and Gas
Replies
14
Views
9K
snorer
S
Y
RAT - Rubicon America Trust
Replies
12
Views
7K
Bill M
Bill M
Y
ESG - Eastern Star Gas
25 26 27
Replies
536
Views
108K
blackjack
blackjack
Y
CND - Condor Energy
15 16 17
Replies
338
Views
82K
System
System
Top