Samson Oil & Gas Ltd. ADR (fka SSNYY)

[stupified777]

At first glance here are some initial thoughts on the financials.
Although the company reported a loss they are moving in the right direction and could be CFP by mid year this fiscal year. Due to the large exploration cost right off they had that really made that loss look worse than it really is.
Revenues are also reduced YOY. Some of this due to lower oil prices but also due to lower production.
High points: EOY was in June. We have already moved forward and are well into 1st qtr. increased oil prices will help with revs.
It was most likely a strategic decision to take the expense last year versus carrying it into this year to help financials going forward.
It appears exploration costs are slowing.

Hopefully there is good news on the horizon. If production increases and oil costs increase or stay higher than previous qtrs we should see significant improvement in the qtrs to come.

Go $SSN

Good luck all
JMHO