This
report
is
an
update
to
EnerCom’s
report
from
August
6,
2010
on
Samson
Oil
&
Gas
Limited,
Turning
the
Bit
in
the
Right
Direction.
Samson
Oil
&
Gas
Limited
is
an
independent
exploration
and
production
company
with
principal
operations
in
the
western
United
States headquartered
in
Denver,
Colorado.
The
company
is
dual‐listed
on
the
NYSE
AMEX
and
the
Australian
Stock
Exchange
(ASX)
and
trades
under
the
ticker
“SSN”.
Samson’s
core
areas
of
operation
are
in
the
Niobrara
oil
play
of
the
Wyoming
portion
of
the
Denver‐Julesburg
Basin
(DJ
Basin)
and
the
Bakken
oil
shale
play
in
North
Dakota.
Samson’s
business
strategy
is
focused
on
growing
production
and
reserves
by
aggressively
developing
its
oil
projects
in
the
Niobrara
and
Bakken
oil
plays.
To
fund
that
growth,
Samson
plans
to
use
the
proceeds
from
the
partial
sale
of
its
Hawk
Springs
leasehold
and
farm‐down
its
interest
with
leading
industry
partners
in
the
operated
acreage
the
company
retained.
Note
that
all
monetary
values
in
this
report
are
denominated
in
U.S.
dollars,
unless
specified
otherwise.
Click for PDF report
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