Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
News out. Not necessarily excited about the who in the PR but what Bill states is a good update for us. I may average down on this news. $FITX
Operational update. Lets see what Sept 9th brings us. Could be a nice birthday present for me. $SSN
Two thumbs up for that!!! $SSN
Good morning and Happy Monday SSNer's. Lets hope for a good week with great news! Good luck $SSN
Steady as she goes....$SSN
He meant 30 million by way of forward split. ; )
It appears someone/ones took a large stake in company through this offering. $SSN I really am expecting big news soon.
Sizzle!! Things are heating up. $SSN
Lol....keep it under ground. I still think this is a sleeping giant
Bounce!! $SSN
New here??
On the ASX website
Nice. If the shares are free to trade today this could be some of the volume, no? Either way lets see a bounce. $SSN
This appears to be great news. Looks like its trading and hopefully rebounds. Institutional investors is a great sign.
Yes. Many companies raise capital by way of a rights offering. I have personally taken advantage of this and it was quite rewarding by doing so. Companies ask the common shareholders to participate, in return the shareholders also benefit. I felt that the company was extending value to the current shareholders for sticking there neck out.
*remaining sorry, on my phone
Looks to be an extension of the rights offering with the removing shares. Load time!!! $SSN
I'm right there with you. We should here something later this evening I believe. $SSN
They recently completed the rights offering to raise capital for exploration. IMO this would not be the type of news we will see. There may be an update on the previous rights offering terms, an update on the most recent sale of property or on the recent drilling but who knows. We will see additional news in the up upcoming days. Good luck to all.
$SSN
Roger that. Ill keep my eyes open for future news. Lets hope this thing breaks wide open this week. Positive news on the horizon? Fingers crossed.
Back at the house now and watching a replay of the original Die Hard. Life is good!!
Cheers
What's the halt mean for us?? I'm mobile but will research this tonight
I honestly can't believe it!!!
Pre market looking good. Don't look like my order will fill today. Dang it!!!
Should have pulled the trigger yesterday. Hindsight is always 20/20....Haha
Good luck tomorrow all! $SSN
Sweet. Sounds good and thanks
Agree. It will take full attention. Pretty in depth and I'm not fully aware of the oil industry and the terminology so it took a few reads for me.
Make sure you take a look at the power point on their website. Very good info and show projected oil productions through year end and into 2014. Looks extremely good. IMO
$SSN
In a nutshell...they have renegotiated the Roosevelt Sale and also divesting a portion of the undeveloped acreage in the North Stockyard. Go $SSN
Heres the Operational update for those of you that haven't seen it:
SAMSON OIL & GAS OPERATIONAL ADVISORY
FARMOUT OF 25% OF UNDEVELOPED ACREAGE IN THE NORTH STOCKYARD AND UPDATE ON ROOSEVELT SALE
Denver 1700 hours August 15th, 2013, Perth 0700 hours August 16th 2013
NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA
As part of Samson’s broader financing plan to ensure its participation in the full development of the North Stockyard project, Samson Oil & Gas Limited (ASX: SSN; NYSE AMEX: SSN) has today agreed to divest half of its equity position in the undeveloped acreage in the North Stockyard project to Slawson Exploration Company, Inc. (SECI) and a third party for $5.562 million in cash and other consideration.
Samson has retained its full interest in currently producing wells in the field. As a consequence of the transaction Samson and Frontier have terminated the Rig 24 contract (with no penalty payment) and Slawson has contracted the rig for the ongoing development of the North Stockyard project.
The sale agreement calls for Samson to receive cash consideration of up to $5.562 million. Along with the undeveloped acreage, Samson will transfer a 25% interest in the drilled but not yet completed Billabong and Sail and Anchor wells. The cash portion of the purchase price is subject to the delivery of a useable wellbore in Billabong, valued by the agreement at $891,000, and other customary post-closing adjustments.
As a result of this transaction, Slawson will become the operator of the project going forward. Accordingly, Slawson is mobilizing the Frontier 24 rig to the Tofte 2 pad, for the drilling of two middle Bakken wells.
Slawson has indicated that it intends to pursue the 160 acre infill development of both the middle Bakken and first bench of the Three Forks. Slawson is an experienced Bakken operator that is already employing the Frontier 16 drilling rig, a sister rig to the Frontier 24, on a project south of the Missouri River.
The sale, together with Samson’s other planned financing initiatives, should allow Samson to participate fully in the development of the balance of the Bakken and Three Forks wells that are planned for its North Stockyard acreage. This development is currently expected to include a total of 6 middle Bakken wells and 7 wells in the first bench of the Three Forks.
Thanks man!!
Hahaha....nice!!! Damn it! Had a buy order set for a couple thousand in the a.m. I'm gonna keep it see if it fills before the run up.
I forgot...ill share the new Porto....lol
None left. Off to refill my supply. Making a move tomorrow. Hopefully this has bottomed. $ SSN
Lol thank you!! Chug chug chug
Roger that!!
Ron you still out there??
Horrible day for my portfolio. No bueno
Can't wait to see what tonight has in store down under. FML
Lol...SG & A = sigh. Monster sales this quarter and I only expect that number to grow drastically the next Q.
The Q's out