SSN - Samson Oil & Gas

[isplicer]

Slipperz, are you still following SSN closely? The stock is looking rather cheap right now (please comment) to be honest, but I'm still a bit disappointed with the plethora of excuses that have been thrown at us. I want to see some flow rates!

 

[Slipperz]

Slipperz, are you still following SSN closely? The stock is looking rather cheap right now (please comment) to be honest, but I'm still a bit disappointed with the plethora of excuses that have been thrown at us. I want to see some flow rates!

Lol yes rather closely given my holdings. Frustrated by the lack of progress on all fronts but sometimes we have to bide our time. News on the grapevine is the spring thaw has been compounded by heavy rains so it's set us back a bit in Goshen County. I guess you can't just roll a drill rig out into a paddock and spud a well! Even the local roads are off limits to a lot of heavy traffic apparently.

Problems with the frac job after waiting so long for a frac crew is just the fricking icing on the impatience cake isn't it.

Is Sampson cheap at these prices? Look at the buyers lined at 12.5 LOL they seem to think so. The Bakken will provide some good revenues this quarter but the Hawksprings Project is the bag factor. DYOR and make your own mind up on Goshen County. Americas largest oilfield services company is our joint venture partner and the largest onshore driller in the continental United States is turning our acreage next door we sold them into swiss cheese and paying us 3.8% royalties. I'm pretty comfortable to see how this plays out...as far as speculative oil plays SSN is about as good as it gets IMHO. Good luck to all.

 

[isplicer]

On the bright side - i hear that we can expect an announcement declaring our company free of debt.

 

[LiL_JaSoN]

On the bright side - i hear that we can expect an announcement declaring our company free of debt.

We usually get an ann on Tuesday, however the US market is closed on Monday so hopefully a ann tomorrow regarding the tubing has been removed and flow rates and debt.

I loaded up the minivan today @ 12c had a order sitting there from a while ago and checked today and it was getting filled and jumped back up to 12.5 after close.

 

[isplicer]

I too purchased what I could at 12.5. Hopefully a nice, green day on the DOW tonight on some positive news from Europe. That might coincide with some totally overdue announcements from Terry to kick us back into gear!

 

[LiL_JaSoN]

Great timing on yesterday and expected a nice announcement this morning. Debt free with $60mil in the bank. 1200BOPD and expecting higher rates with the rest of the tubing removed. More wells to be coming soon.

Hope to see the Yankees all over this tonight.

 

[isplicer]

Sold my SSN holding for a razor thin positive margin so I could top up on PRR. Will be looking for an entry point at 12.5-13c sometime soon... Do I stand any chance at all?

 

[Slipperz]

Sold my SSN holding for a razor thin positive margin so I could top up on PRR. Will be looking for an entry point at 12.5-13c sometime soon... Do I stand any chance at all?

By the look of last nights action in the US I would think not. SSN is up 16% this week against the DJIA going off the cliff. Closed at 3.17 on big volumes so the buyers are back. Oil holding at $100 a barrel we should have a good close to the week

 

[Trevoru]

After hours trade up to $3.20 - looking for a good day on ASX

 

[Nortorious]

Good announcement today. HAL and CHK both want to continue doing business with SSN. I would say that is fairly positive!

The delays although frustrating are only a minor problem in the grand scheme of things. This company is looking very strong IMO. No debt, JV's with two big boys, $60mil+ in the bank, excellent management not to mention the wells to drill over the coming months/years.

Average holding at 0.14. Wanted to add more at 0.12 levels but had money elsewhere. SSN still my biggest holding and will be long term.

Can't wait to reflect on this purchase in 6 - 12 months.

 

[isplicer]

After hours trade up to $3.20 - looking for a good day on ASX

Closed at 3.35 yesterday!

Might be time to bring out those dancing bananas, slipperz!

 

[Nortorious]

Amex close @ $3.35 means ASX price of $0.1675?!

Hopefully another nice movement upwards is in order for Monday.

 

[isplicer]

Amex close @ $3.35 means ASX price of $0.1675?!

Hopefully another nice movement upwards is in order for Monday.

The SP spike has been strong in spite of the dow taking such a hit (and there being a few logistical setbacks a la road closure). If only I can see some good, strong green days to help our stocks along, that'd be great. It really sucks that we're in a period of doom and gloom - but hey, I might not have been able to enter at 12.5c if that wasn't the case =). It also gives me great pleasure that CHK is showing a rather perverted interest in our oil - we've got something that they want.

Remember, it was a horrifying week down at New York - and SSN still came well out on top, all green. Debt free, cash in the bank, professional management, good news from a petrochemical perspective from the most recent announcements. Great way to get this kick started after a period of delays. A takeover is not completely off the cards either, seeing how much other companies are trying to prod at our petrochemical assets.

And to use an already overused line... they can have my SSN shares after they pry it from my cold, dead hands... or after they pay me 50c a share.

 

[LiL_JaSoN]

Amex close @ $3.35 means ASX price of $0.1675?!

Hopefully another nice movement upwards is in order for Monday.

you forgot to convert the usd to aud before converting.

it is only 16.75 if the aud/usd was 1:1, with the current exchange 3.35 is about 15.7.

I expect to see SSN at atleast 15c on Monday. The Aussies are weak compared to the Yankees. On Friday the conversion rate was roughly 15-15.5c and we closed on 14c.

 

[Slipperz]

Things are starting to heat up now in Goshen County aren't they. It's looking more and more like our acreages are going to prove up in the Hawksprings Project with CHK wanting to drill literally under our acreages from across the fence in the south and HAL going in at the north.

Given that TB has stated the results from the 3D seismic are excellent it's looking like the acreages are being delineated initially from the periphery and then we can work into the sweet spots.

I wonder how much the buying activity in the US is on leaks from CHK and their wells? I hope they don't try as take us over at this early stage in the project but it's not out of the question I suppose given the location of the new wells pointing to an interest in what's under our acreages?

Interesting times ahead for holders, personally I'm looking forward to a nice cashed up summer holiday thanks to SSN

 

[Nortorious]

you forgot to convert the usd to aud before converting.

it is only 16.75 if the aud/usd was 1:1, with the current exchange 3.35 is about 15.7.

I expect to see SSN at atleast 15c on Monday. The Aussies are weak compared to the Yankees. On Friday the conversion rate was roughly 15-15.5c and we closed on 14c.

Thanks L_J, realised this after I posted but figured someone would pick up the error. Got caught up in all the excitement!

My apologies.
SP at 13c/13.5c today even with the strong announcement yesterday.

Looking forward to seeing where this will be after July and into December!

 

[Dougs Antiques]

Now that Sampson is debt free the next 12 months should be exiting.
In recent months it has seen many delays due to weather and unfoutunate setbacks,once it gets on track (hopefully soon) it should see some good gains.
I hold a substantial amount in Sampson in the hope that it may possibly be another AUT story.
Cheers

 

[BrightGreenGlow]

The only stock I hold that went up today... Not sure why though. Anyone got ideas???

 

[LRG]

The only stock I hold that went up today... Not sure why though. Anyone got ideas???

I bought at 21 cents so it is crap for me.

You hold TLS - i bought some at 2.82 - I think this is looking to head north in the coming few mths nicely. SSN - not sure what is going on

 

[ob1kinobi]

The only stock I hold that went up today... Not sure why though. Anyone got ideas???

I don't believe that a rational explanation is necessarily able to justify the behaviour of the market or the movement of a SP. Sometimes its just random.

Over sold yesterday at the close perhaps ... we are talking .05 of a cent.

I don't think its too significant, but make of it what you will.

Yes, I happen to have read 'Fools of Randomness'

My