Current SSN Stock Info

Samson Oil & Gas (ticker: SSN) has nearly doubled its output overnight, announcing a $16.5 million acquisition on January 6, 2016. The properties currently produce 720 BOPD from 41 net producing wells and contain proved reserves of 8.5 MMBO as of October 1, according to estimates from Netherland, Sewell & Associates. On a cash comparison, SSN is paying $22,916 for each producing barrel and just $1.93 for each proved barrel. Nearly 6.4 MMBO, or 75% of the reserves, are classified as proved undeveloped.

The properties span 51,305 net a...

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