Samson Oil & Gas Ltd. ADR (fka SSNYY)

[MyBad]

YW Stu,

I passed on purchasing the ADRs the last time, because I didn't understand what was going on, so this time I understand, but have no spare cash....DANG!

I don't know where you bought in at, I'm at .60, so this would be a good time to average down if I could.

These funds will be used for this year's drilling costs

Samson intends to use the proceeds of both offerings to fund a portion of the Company's 2013 calendar year capital budget, which calls for drilling six infill development wells in the North Stockyard oilfield in Williams County, North Dakota, along with the first exploratory well in its South Prairie Project in Ward County North Dakota, as well as for general corporate purposes, working capital needs and possible future acquisitions.

They must have some pretty promising drill spots.
I hope!

In the mean time, I've been watching a little sub-penny cpsz, that looks pretty interesting, altho not in the O&G area, it has drawn my attention.

MB