SSN - Samson Oil & Gas

[angry-beaver]

Re: SSN - Samson Exploration

Big jump in the US last night, good to see some support.

Samson Oil & Gas Limited (“Samson”) ADR’s have traded on the American Stock Exchange since
January 2008 and during the course of trading on that exchange on Wednesday May 21 the ADR
traded in a range of USD$3.86 to an intra day high of US$7.84. The closing trade was at US$6.51.
The total traded volume was 2.47 million ADRs (equivalent to 49.4 million fully paid ordinary
shares).
Using a currency conversion of 0.9587 the closing price represents a share price of A$0.35,

 

[james99]

Re: SSN - Samson Exploration

Big jump in the US last night, good to see some support.

Samson Oil & Gas Limited (“Samson”) ADR’s have traded on the American Stock Exchange since
January 2008 and during the course of trading on that exchange on Wednesday May 21 the ADR
traded in a range of USD$3.86 to an intra day high of US$7.84. The closing trade was at US$6.51.
The total traded volume was 2.47 million ADRs (equivalent to 49.4 million fully paid ordinary
shares).
Using a currency conversion of 0.9587 the closing price represents a share price of A$0.35,

Yes Angry, and so far up over 60% today, but still much more to come to achieve equality. I think I have already expressed my understanding of progress re marketing etc. As it comes to be understood to be an oil producer in the US it could follow the path of other small cap US oil producers, which have achieved 400 - 1000% reratings in very short time frames.
It of course is, in its reports and presentation, aiming for a rerating to a 200 mil company.

 

[james99]

Re: SSN - Samson Exploration

Well closed up 71% at 27.5; and with further oil spikes it will be good to see the overnight Amex action.

 

[TheAbyss]

Re: SSN - Samson Exploration

Joined the ranks at 24c today on not a whole lot of research so we shall see what happens James.

Also mindful of the fact that there is not always a direct correlation between duel listed equities for various reasons however it does seem to be undervalued based on the limited amount of information available.

 

[james99]

Re: SSN - Samson Exploration

Abyss: I agree re lack of correlation; and suspect we shall see quite high volatility commesurate with decreases and gains in the oil price. Down today, but I see ING yesterday raised its medium term oil price predition by about 50%.

I think that SSN is working very hard currently to gain improved market profile and hope the results will show through soon. It is still really a tiny company, particualry given that it is dual listed.

I disclose holdings.

 

[TheAbyss]

Re: SSN - Samson Exploration

Well i am out again. Went back almost as much as it gained (-24.73%) in the US last night. Should have stayed with Aussie stocks.

Samson Oil & Gas Limited SSN 4.90 +\- 1.61 24.73% 920,704 05/22/2008 16:01 ET

 

[james99]

Re: SSN - Samson Exploration

Abyss: It is a volatile stock and, therefore, from time to time will present with opportunities for very rapid gain (and of course loss). It is, however, I think one of the best of the oil / gas junior producers. Including the few off market post close sales it ended the week at US $4.07, so about the same as the AU price.

It will (IMO) spike with oil price spikes; and thus jump rapidly if we see the $135 bl mark again (most analysts seem to suggest that will be surpassed easily in the short term, but that in the medium term is it unsustainable).

Volatility will, I think, remain until there is good broker coverage (the limited coverage there has been places a value in the mid .30s from recollection, last year, and the co. has improved its position a bit since then (eg with the Devon partnership).

I dislcose holdings.

 

[james99]

Re: SSN - Samson Exploration

Interestingly Abyss SSN has maintained good volume and had an increase of 12.5% on the AMEX last night; when the general indicies dropped. Some media are suggesting that gas may come into its own as an energy source and thus benefit from the oil price (eg see "Underestimating natural gas" link below from marketwatch; and suggesting the possibility of substantially increased gas prices with the hurricane season); perhaps its day in the sun will come soon.


http://www.marketwatch.com/News/Sto...x?guid={EC4C892C-536A-4679-B47B-AB6A928B228E}


I disclose holdings.

 

[learning101]

Re: SSN - Samson Exploration

Anyone following this stock? Any theories of future movement? How will the capital raising affect the stock price if successful - positive right?

Thanks everyone!

 

[Vic]

Re: SSN - Samson Exploration

Massive volume trading today with SSN I jumped in early at .013 and thought it will go up but it did not move. I will keep them for awhile and see.

Thx VIc.

 

[Sweet Synergy]

Re: SSN - Samson Exploration

Looks like SSN is on the move. Massive volumes recently, especially the last 2 trading days.

If it moves through .015 it will breaking a nice saucer shape, and with the volume and consolidation today and friday, the SP will have a high probability of reaching its target of .02 (inversion of the saucer) ... and quite likely more if volume continues.

Has also just moved over the moving averages on the daily and weekly charts.

 

[sw3]

Re: SSN - Samson Exploration

SS - agreed. This could be quite interesting over the coming week in anticipation of an announcement for well spudding. There was some good movement last Friday which I suspect is in relation to this announcement.

I'm currently holding with the belief the acreage they hold will have them set up nicely for potential future exploration/production/MA.

Any thoughts would be appreciated as I'm of the opinion the MC is ripe should a positive annoucement be released.

Cheerio,
sw3

 

[janus247]

Re: SSN - Samson Exploration

SW3 - have you got shares in SSN as i am currently thinking of going in because i too suspect an announcement.

 

[lukelee]

Re: SSN - Samson Exploration

gege 1 22h well report is here, the price today is 0.017:
http://www.asx.com.au/asxpdf/20100201/pdf/31ngm5frr46dq6.pdf

 

[subasurf]

Re: SSN - Samson Exploration

No mention of the 87.5% jump in stock price today with the well update released today?
Jumped from 0.016 to 0.030

 

[sw3]

Re: SSN - Samson Exploration

Janus - Yes I currently hold and have for a few weeks. I've been most impressed by the gains and I'll be looking to hold for the foreseeable future. I managed to snag some at 1.5 cps

I hope you managed to pilfer some yourself!

Cheerio,
sw3

 

[sw3]

Re: SSN - Samson Exploration

Janus - Yes I currently hold and have for a few weeks. I've been most impressed by the gains and I'll be looking to hold for the foreseeable future. I managed to snag some at 1.5 cps

I hope you managed to pilfer some yourself!

Cheerio,
sw3

 

[learning101]

Re: SSN - Samson Exploration

Hi guys,

Looking at the course of sales for Samson today there seems to be someone who has made 100's of small trades (purchases) of which many are worth less than 3 dollars.

Anyway, this has annoyed me and I was wondering if anyone knows what this tactic aims to achieve? and if this person somehow does not pay commission as they would be hundreds of dollars in the negative from the commissions paid today.

Any help on this much appreciated.

101

 

[Tommo_Aus]

Re: SSN - Samson Exploration

Its a bot (computer program) most likely being run by one of the instos... an attempt at share price manipulation. Appears the bot is trying to keep the SP in the green.

 

[learning101]

Re: SSN - Samson Exploration

Thanks for the info Tommo, been surfing the net to see what it is all about, some interesting stuff out there on the subject!

Cheers.